Torotrak

TRK: 0.30 0.00 (0.00%)

Delayed:2017-09-26 09:30:15
Bid Price 0.30 High Price 0.30
Ask Price 0.48 Low Price 0.30
Open Price 0.00 Spread 45.96%
Prev Close 0.39 Volume 3,000.00

Torotrak Share Price Chart

Intraday

Historic - 1 year


Torotrak Share Price Information

Name Torotrak Epic TRK
Sector Automobiles & Parts ISIN GB0002922382
Activites Torotrak plc is the leading global developer of gearless traction drive technologies, focussing on applications that increase efficiency and reduce CO2 emissions in vehicles. These include the V-Charge variable-drive supercharger, engine auxiliary drives, IVT and CVT main drive transmissions and a variable speed transmission that enables efficient energy recovery using a mechanically-driven flywheel (M-KERS). The company's engineering team works with proven, global tier one technology partners to provide a validated route from prototypes to production. Customers include major vehicle manufacturers and their suppliers in the light duty, heavy duty and off-highway sectors. Security Type Equity

Key numbers

Latest Share Price (p) 0.39 Net Gearing (%) -7.91
Market Cap (£m) 2.14 Gross Gearing (%) 50.70
Shares in issue (m) 548.91 Debt Ratio 30.44
P/E Ratio -0.11 Debt-to-Equity Ratio 0.43
Divs per share (p) 0.00 Assets / Equity Ratio 2.03
Dividend Yield (%) 0.00 Price to book value 0.50
Dividend Cover 0.00 SROCE (%) -349.76
Earning per share (p) -3.63 EPS Growth (%) -23.89
52-week high / low (p) 4.35 / 0.30 DPS Growth (%)

Torotrak Broker Views

Date Broker Rec. Price Old target price New target price Notes
01 Feb Cantor Fitzgerald Hold 0.30 11.00 5.30 Reiterates
30 Jan Cantor Fitzgerald Hold 0.30 11.00 Downgrades
16 Dec Cantor Fitzgerald Buy 0.30 11.00 11.00 Reiterates
29 Nov Cantor Fitzgerald Buy 0.30 11.00 11.00 Reiterates
15 Sep Cantor Fitzgerald Buy 0.30 11.00 11.00 Reiterates

Torotrak Director Deals


Torotrak Company News

Torotrak sets date for FY results announcement

Torotrak has confirmed that the Company intends to release its full year results for the year ended 31 March 2017 on Thursday, 27 July 2017.




At 2:01pm: (LON:TRK) Torotrak PLC share price was +0p at 0.65p



Story provided by StockMarketWire.com

Torotrak updates on General Meeting

Torotrak confirmed that it held a General Meeting of the members of the Company today to consider whether any, and if so, what steps should be taken to manage the situation that the net assets of the Company are less than half its called up share capital.

As previously announced, the Board of Directors believe that no further action is necessary.




At 3:00pm: (LON:TRK) Torotrak PLC share price was -0.01p at 0.74p



Story provided by StockMarketWire.com

Broker Forecast - Cantor Fitzgerald issues a broker note on Torotrak PLC

Cantor Fitzgerald today reaffirms its hold investment rating on Torotrak PLC (LON:TRK) and cut its price target to 5.30p (from 11p).

Story provided by StockMarketWire.com

FTSE at one-month low after Trump ban spooks investors

Trump's immigration ban on seven Muslim-majority countries continued to drag on stock markets worldwide as it drew widespread condemnation, including from Goldman Sachs.

Investors were concerned about rising uncertainty and whether Trump's policies will protect the US economy.

The FTSE was at a one-month low of 7,118 with both US indices falling by 1%.

High street banks Barclays (BARC) and Royal Bank of Scotland (RBS) struggled ahead of the Bank of England's interest rate decision on Thursday. Both declined by at least 2.7%.

Oil giants BP (BP.) and Royal Dutch Shell (RDSB) also pulled the index lower as they fell by approximately 2% on weaker oil prices.

West Texas Intermediate and Brent crude oil fell to $52.71 and $55.33 per barrel, respectively.

Gold gained 0.7% to $1,196 per ounce and copper slipped 1.7% to $5,820 per tonne.

In Asia, only Shanghai's index, the SSE Composite, closed higher, while the Hang Seng and Nikkei 225 both fell.

FTSE 100 RISERS AND FALLERS

Telecommunications group Vodafone (VOD) confirmed discussions regarding a potential all-share merger of its Indian business with Idea Cellular.

The company said it is struggling in India due to a price war after new market entrant Jio offered free calls and data to grab market share.

Shares in gold miner Randgold Resources (RRS) nudged lower as negotiations were underway to resolve an illegal sit-in, which started at the Tongon mine in Cote d'Ivoire late on 26 January.

It also said it expects its Loulo-Gounkoto gold mining complex in Mali will report a new production record for its fourth quarter of 2016.

FTSE 250 RISERS AND FALLERS

According to media speculation, WS Atkins (ATK) may be merging with engineering consultancy CH2M, which would nearly double the size of the existing business.

SMALL CAP RISERS AND FALLERS

Miner Premier African Minerals (PREM) raised approximately £1m to finish constructing the RHA Tungsten Mine.

Torotrak (TRK) decided to focus on its energy recovery systems and suspended the development of its V-Charge supercharger product. This news alarmed investors and wiped out nearly half of its value as shares plummeted to 1p.

Tungsten explorer Kemin Resources (KEM) was one of the biggest small cap fallers after it stopped work on both of its licenses until the Kazakhstan authorities provided approval.

Attraqt (ATQT) announced it would buy Fredhopper from SDL (SDL) for £25m cash, a cloud-based provider of onsite search, navigation and visual merchandising solutions.

Rainbow Rare Earths (RBW) rose 20% to 12p on its first day on the stock market. It was built by Pella Resources which has associations with Petra Diamonds (PDL) and Tharisa (THS). Rainbow said it has a near-term producing asset in Burundi and plans to pay dividends in the medium term.

Chinese door maker Jiasen (JSI) decided to switch its stock market listing from AIM to NEX Exchange, the new name for the ISDX market. Investors were unhappy, causing the stock to plummet 25% to 3.7p. There is a perception that it is harder to buy and sell shares on NEX.


Story provided by StockMarketWire.com

Investors cautious after Trump protests

Trump's immigration ban weighed on investor sentiment as protests were widespread at US airports over the weekend.

High street bank Barclays (BARC) and whiskey seller Diageo (DGE) were the biggest blue chip movers with falls of approximately 2%, while Hikma Pharmaceuticals (HIK) declined 1.8%.

The FTSE 100 slumped 0.7% to 7,133.

West Texas Intermediate rose 0.3% to $53.34, while Brent crude oil was stable at $55.52 per barrel, respectively.

Gold failed to make any gains at $1,189 per ounce and copper stood at $5,908 per tonne.

On Friday, the S&P 500 and Dow Jones were flat.

In Asia, only Shanghai's index, the SSE Composite, closed higher, while the Hang Seng and Nikkei 225 both fell.

FTSE 100 RISERS AND FALLERS

Telecommunications group Vodafone (VOD) confirmed discussions regarding a potential all-share merger of its Indian business with Idea Cellular.

The company said it is struggling in India due to a price war after new market entrant Jio offered free calls and data to grab market share.

Shares in gold miner Randgold Resources (RRS) nudged lower as negotiations were underway to resolve an illegal sit-in, which started at the Tongon mine in Cote d'Ivoire late on 26 January.

It also said it expects its Loulo-Gounkoto gold mining complex in Mali will report a new production record for its fourth quarter of 2016.

SMALL CAP RISERS AND FALLERS

Torotrak (TRK) decided to focus on its energy recovery systems and suspended the development of its V-Charge supercharger product. This news alarmed investors and wiped out over fifths of its value as shares plummeted to 1p.

Tungsten explorer Kemin Resources (KEM) was one of the biggest small cap fallers after it stopped work on both of its licenses until the Kazakhstan authorities provided approval.

Alcohol supplier Convivality (CVR) reported 4.4% like-for-like sales growth for the first half of its financial year and revealed a large increase in profit and sales. Management said this was due to the first full contribution from the reverse takeover of drinks wholesaler Matthew Clark.

Attraqt (ATQT) announced it would buy Fredhopper from SDL (SDL) for £25m cash, a cloud-based provider of onsite search, navigation and visual merchandising solutions.

Rainbow Rare Earths (RBW) rose 20% to 12p on its first day on the stock market. It was built by Pella Resources which has associations with Petra Diamonds (PDL) and Tharisa (THS). Rainbow said it has a near-term producing asset in Burundi and plans to pay dividends in the medium term.

Infrastructure consultant Waterman (WTM) reported that trading was in line with expectations and flagged its intention to increase the half-year dividend in February.

A flow test at Ascent Resources' (AST) Pg-10 gas well exceeded expectations, which triggered an 4.4% rise in its share price to 2.9p.

Chinese door maker Jiasen (JSI) decided to switch its stock market listing from AIM to NEX Exchange, the new name for the ISDX market. Investors were unhappy, causing the stock to plummet 32% to 3.4p. There is a perception that it is harder to buy and sell shares on NEX. Story provided by StockMarketWire.com