Is there anyone else holding Torotrak shares - interim results due on monday - any idea what to expect?

There was a director purchase on the 3rd of December at 69p so maybe things are coming together.

Anyone know what is causing this latest surge in price - are there rumours around about it finally signing a contract???

No idea but is nice to see

this one had a mention in the daily express market report today....said rise yesterday was on longstanding rumour of a deal with a car maker..no names tho.

Piece in the Telegraph today (Questor Column) Say its readers should stay clear, unless they want a 'bumpy ride'!

No doubt about it, TRK is a high risk punt, but I think most of us, if not all, knew that?

Just why they should mention Torotrak at all baffles me, do they know more than we?

Shares lower, not higher Monday that's for sure! Waiting, or should I say weight, seems to be the problem (gearbox heavy?). Oh, and a cash call due soon?

I hold a few (recent purchase) Dohhh

A year later and we are all wiser (course we are!) - so why is it that TRK has such a thin following?
As I see it it is an all-or-nothing bet.
Once they crack "one large order" then the other car-manufacturers will be able to judge user-reaction. This is not like an AUTO box - it is much better, yet may take a little getting used to. Until it is available on a main-stream motor, we punters really have to listen to the others (here & elsewhere) - and one suspects they would be Rampers if the sp would only rise a little.
I have bought a few at 52p because I had some spare cash in an ISA and this looks like a good price - at least until we hear some damning news (which we hope won't happen).....TRK has been lower, but not recently, now the Market has gained some strength.....so in terms of overall-market I guess this about as good a price as I could wish for. There is talk of it dropping to 40p but that is pure speculation on "no-News" being delivered. Mutter from the gutter is that a News Story will break quite soon - but we've heard that before, haven't we?

Hangon

i have to admit i am on the sidelines with these having sold most at around 1. ultimately it is a straight debate over which will come first - the product to market and profitability or the cash runs out - and with news having been quiet for a while who knows - ultimately if they get it right and deliver the product to market there is a huge potential upside, but the longer the clock ticks the less likely it happening

good luck to all holders

I to mopped up some spare ISA cash by adding to my TRK holding. I felt it was a choice between getting in deeper or exiting. My head says that TRK has had plenty of time to deliver some of the promised good news and now is the time to move on, but my heart (greed?) thinks that a major deal is just round the corner and I don't want to miss out after holding for such a log time. (first bought in July 2000). I know this is the wrong way to make decisions but there you go.

skg

[edit] pressed too many buttons
skg

Wonder what stuck a rocket under Torotrak? Up 17%, mostly this afternoon.

Edit. Sorry, 22%!!

PTH

Had these for years, anyone know why all the buying started at 14-00 today.Not bad up 25% on the day

Other BB's are are disscussing rumours of rumours.
The 4 MM buys around 2:30 and the dramatic change in price was enough for me to add to my postion. I sold 75% of my new shares just after 4. I believe, like me, there are a large number of people waiting for some (any) good news.
skg

This has happened before,on speculation that news is imminent.The sp could easily reach 70p like last time.
However,they have been hinting at some sort of deal(?)with a heavy machinery manufacturer if I am not wrong.
There has been silence for so long that this is bound to happen now and then...look at GWP for a comparison...lot of buying on hopes of an RSN went on for ages...SKP similar.Then,when a really meaningful announcement is made,as in the case of GWP recently,the sp pops up for a day and falls the next.Everyone got used to short
I only hope that this is'nt a false alarm.If it is ,investors will become cynical and lose interest in the long term potentiality of this company.I hope they succeed in their ambitions,it would be a wonderful shot in the arm for our beleagured engineering/automotive industry.

Is this insider trading or wishful thinking?This is where we gamble...trying to guess what is going on..exciting,is'nt it!

Ethel

I bought some of thes a couple of years ago. It was amazing at how the rumours of an impending deal were spread and in no time the SP reached something like 130p. I had already bought and sold at a profit, but made the mistake of going back in. As you say it may well be rumour again, but if TFK don't produce a gear box for one of the serious car manufacturers soon, surely they will struggle to survive. Let's hope that this time they have got something. At least so I can drag these from the bottom drawer, sell and re-invest in something more worthwhile!

Regards

PTH

Although I hold, IMHO it has all the hallmarks of a dodgy stock......Directors with far too many options, a narrow customer-base (car manufacturers, etc) and this is in an industry that is trying to cut the last penny in production.

Now look at the way cars are going:
With no obvious Oil shortages we are continuing to sell gas-guzzlers and "utility" vehicles that are not strictly necessary for life. Yet small "city" cars have no real advantage over a secondhand saloon - indeed they have many disadvantages (esp. in a crash - it's you that goes to hospital!)...yet we continue to allow our city-centres to be clogged by lorries and busses ( Oh dear, I mentioned that GREEN dream: when we all give up our cars!)...City centres should be designated for small electric vehicles by 2010 IMHO - start the construction so fossil-fuel vehicles stay out and there are easy ways to get shopping to the bus-station and railway....each major town will have to find its own solution but Plans need to be drawn up PDQ so we don't end up with the usual British Foul-Up. There needs to be a Head Honcho elected by BOTH parties to get on with the co-ordination of transport at the Local level and this will "eventually" create such a grass-roots force that major players will have to fit in. For a start he/she would not be a Political post, so no changes please. They should also halt any deals involving the loss of land or amenety for any Public or transport-linked operation - whether it be railways ( that sold-off much of their land to line shareholder pockets - this was wicked, since you can't make land....and Railway Co's are not just in the Transport Business ( really?) - they are in the communication business.

BACK to TRK
I do hope there is some Good News, this business has been fiddling about for so long their original Patents must be on Vellum.....but there is always hope. However, I see the car-future as small-engines with electric motors driving each wheel - pollution-free and braking that returns some energy. Electic charging points will need to be considered in every town and the city-centre reserved for 1/2 ton (max) electric vehicles/cycles.
-- Where does this leave TRK - I just don't see their technology as being essential to the plan. 20 years ago IVT would have been a "great alternative" to the clunky 3-speed auto boxes - but TRK's agitation of the industry has cut-off their perceived benefit - cars are common with 6-speed auto boxes. TRK needed to convince the Consumer "first" maybe even get some celibs to promote the idea.
TRK always has attacked the wrong-end of the problem IMHO.

- If I'm wrong, and the shares fly, I shall be rewarded. If TRK fails, I shall have myself to blame for not seeing it was fundamentally flawed in the approach, probably from year one. I've done it before with several telcos but I will never learn since all about me are so excited (about TRK) some rubs-off, I guess.
Regards and thanks for reading so far.

Late News ( Friday 22 April05.RNS 14.31)
It seems TRK are in moderately-advanced discussion regarding the Off Road transmission requirements; but no names just yet, nor timescale. Maybe this is what triggered the recent days' large trades......but then, the News wasn't out until this afternoon....At least it puts some flesh out for the rumour-mongers.

Hangon

an interesting viewpoint.

re the rns - nice to see those with inside info getting in first - lets watch the toothless fsa do nothing about it!

there again they have been in discussions more times than i can remember, maybe this time?

currently on the sidelines and likely to remain that way - good luck to all holders

The "Italian-job" ( RNS recent ) just shows that there WAS something behind the sp movement. Maybe someone tracking the flight-pattern of TRK-execs - but it has shown a 20& rise today for retail shareholders - can't be bad but it's hardly a reward for the patience shown since TRK left BTG - so many years ago I almost "don't believe" they were ever together.
Maybe the Market is wary of jumping-in, until there are some manufacturing figures (eg sales units) as things can fall =all over the place.
I hold TRK from recent excitement but hardly what would be considered more than a punt.
TRK management is well lathered with Options, something I find unacceptable given that the sp has been very low at times - they should have Options based only on performance from the floatation price (3.60 was it?) as any lower sp represents losses for retail investors. Management should have bought shares on the open market and this would have helped to support investors that were relying upon what the Execs told us.
Let's hope this plays out and does finally reward those who held-on - I sold out above 1 as I recall.All IMHO.

this share is way too overvalued on the sales or short/medium term potential, hope people will realise