Anyone know why Torotrak is up 80% in the last two months.

And now they need to raise more more for a larger dollop of jam tomorrow. Personally, I would like the company to be cash neutral first (which it has threatened so to be) before dipping my fingers into the wallet.

On the other hand, I will need to take part in this money raising exercise, if, for not other reason than to protect my holding from further dilution and to average down (yet again).

Tawdry outfit which I wish I had never heard of some 8 years ago when I bunged the first few bob at it at the BARGAIN PRICE 202P. I cannot imagine the shares reaching 100p in the foreseeable future, let alone 600p the all time high.

AGM tomorrow I think. Hopefully yet more encouraging news. I'm planning to buy in further very soon.

Steady buying continuing .... SP still not rising. Still hoping for some good news before the end of September. This could easily be a x2 or x3 rise ref The Chartist back in January. Torotrak seem to marketing themselves rather well now and the industry under pressure about fuel economy and emissions will need their type of products very soon.

I wondered why there was no representation at the Frankfurt Motor Show, and it seems that Torotrak are out in force in Yokohama, transmission conference/exhibition. News this month ?

At last some good news,
Torotrak plc is pleased to announce that it has entered into a Licence Agreement
with Tata Motors Limited of Mumbai, India, providing Tata Motors with the rights
to apply Torotrak's full-toroidal traction drive technology to a wide range of
Tata Motors' products.

Under the terms of the licence, which is subject to formal approval by the
Indian Government, Tata Motors Limited has purchased the non-exclusive rights to
develop and manufacture transmissions which contain Torotrak's technology for
incorporation and sale in TATA branded and co-branded products. The licence
covers use of the Torotrak technology in four fields of application (passenger
cars, light commercial vehicles, medium & heavy commercial vehicles, and
construction equipment) and also allows Tata Motors to manufacture and sell
transmissions to other customers of Torotrak in the Indian market.

The financial consideration payable by Tata Motors in relation to the licence is
in line with the agreements contained in the Memorandum of Understanding which
we reported in our 2007 Preliminary Results Announcement on May 15th this year,
and is at a level where Indian Government approval is required. It is normal for
this process to take a number of months to complete at which point Torotrak will
provide further details of the financial terms of the licence.

Plenty of good news within the past couple of weeks, and the figures look encouraging for the future. Hopefully a very bullish outlook. More news in November ?

I've noticed that yesterday afternoon Tata stated to the press that they've a tie up for auto trans with Fiat. This could be what we've been waiting for. Hopefully some more good news to come very soon.

Interims should be due soon. About time there was further news on Carraro (they also have some tie up with Mahindra & Mahindra which may prove relevant) and updates about Tata. Hoping that this one will be good !

The buying trend's continuing, but only a marginal move in the SP. Hopefully Torotrak are building up news for good interims.

There seems to be a lot of room for exitement - what with a TATA-Fiat tie up - - - - er, just how does this affect TRK?

Fiat are well-known for small cars ( and relaunched the Fiat500, recently). er, and TATA is well established in India - where small cars would appear to be required by the masses - so that seems to me to be the reason for co-operation.
Now, where does this say "TRK" - and even if it said "we are developing a cheap small car with IVT, by TRK" -( ...which no-one has found so far...)

And, just how much would you expect TRK to earn from the deal ( if it existed)..?
- 1 per vehicle - that would mean 1m if they made a million cars - but that won't happen in yr1 - - - more like 100k - - - and what income does TRK need to support Directors and their renegotiated Options......probably a lot more.

Let's be realistic - this isn't the deal ( yet) - and whatever deal TRK gets it is unlikely to result in shareholders getting a dividend.

Furthermore, the longer "no-deal" appears the greater the risk that cars developinto Electric-hybrids - where there is little need for rollers, torroids, or other mechanical gismos - all of which add considerabley to need for care and precision - OK for an executive motor - but a real killer for something cheap.

Furthermore, for cheap motoring in Indian cities ( with pollution worries) - I suspect an electric-vehicle would be attractive, and would allow buyers to charge their car overnight ( when Electric generation is under-utilised)....kinda Win-Win.

I rest my case.

The Interims are set for Tuesday 27/11, and announced too late for Shares Mag this week. Watch out for good news (I hope). I'm expecting to see positive news on Tata and Carraro, and updates on F1. I don't believe that Aisin AW are out of the picture yet either with a IVT for a big car still under investigation I believe, and maybe scope for a hybrid.

With lots of potential business on the horizon, it's time for Dick Elsy to roll out the good news in the Interims ! A quick look through the news of the past few days has revealed that Aisin (for Toyota) still looks very much in the picture. I also understand that Tata wanted a partner for IVT before proceeding, so I guess that there's another player too, and there's clearly an 'auto trans' link up in India with Fiat .... so just maybe.

Disapointing Interims today, with a reasonable sell off and drop in SP as a result. The main issues seem to be the slow progress at Infinitrak and the lack of anything positive at Aisin AW. One new F1 team signed up and that's all ! With a bit of luck the Tata side will be approved by the Indian government soon so there'll be more news on the actual deal.

New Licence Agreement and Engineering Development Agreement with a Major
European Truck and Bus Manufacturer


Following the statement contained in Torotrak's Half-Yearly Results, published
on 27th November 2007, that the Company had entered into a Memorandum of
Understanding with a major European truck and bus manufacturer, Torotrak plc is
pleased to announce that it has now entered into a Licence Agreement and an
Engineering Development Agreement relating to the use of Torotrak's
full-toroidal traction drive technology in this client's commercial vehicle
range.

The total value of the Licence Fee and subsequent payments relating to the
Engineering Development Agreement is in excess of 7.0m, with more than half of
this sum being payable during this financial year. Under the terms of the
Licence Agreement the client has secured the right to use Torotrak's technology
to develop and manufacture transmissions for worldwide sales in their vehicle
range together with a period of exclusivity to develop Torotrak's technology for
use in the field of heavy commercial vehicles.

Full details at:

Torotrak - New Licence Agreement

New Delhi motor show on Jan 9 ..... Tata to unveil new cars. Maybe DE's on a roll !

The rabbit's in the hat ..... curtain call for the magician !
Torotrak look to be going places fast in the 1st qtr '08. No recent mention in Shares, so I hope they've just missed this one. The Tata deal looks like potentially bigger than most people have estimated, and we could have out maiden profit very soon. Hybrid developments just about all look like going CVT/IVT, and we've clearly not seen the big players show their hands yet.

I didn't know about the Delhi Motor Show - thanks cj. Certainly could be promising.

Looking around the comments boards it appears that an important announcement is due, and hopefully by the month end. This should reveal the details of the already announced Tata deal, which has been to the PAB in India and should be approved any time. Hoping for a good Feb and March with potential for a doubling of the SP.

Having watched one of my holding SEO start to take off, I'm surprised that TRK is so quiet, especially with the news expected to be announced this month about the Tata deal, and plently of others in the pipeline. A good time to get in now ?

The SP is low, but looking for that bit of blue sky that's been forcast for a while. Time to top up ?