Inactive Instrument

TRAE DESI

TWD

GB00BFYT9999

Trackwise Designs puts Stevenage Circuits arm up for sale

May 03, 2023 at 09:24 am

Trackwise Designs PLC - Tewkesbury, Gloucestershire-based manufacturer of products using printed circuit technology - Launches sale process for Stevenage Circuits Ltd in order to focus its financial and management resources "more fully" on its core improved harness technology business. Says decision follows an impairment review of Stevenage Circuits in late March, which resulted in an impairment charge for the subsidiary. Says it could sell the entire business or its asset. The board will "assess the merits of expressions of interest received". Stresses there can be no certainty that a sale will go ahead. Says Stevenage Circuits operates from Trackwise's Stevenage site and it forms the majority of the group's Advanced PCB business. Says its disposal would not affect the core improved harness technology business.

Current stock price: 0.65 pence, down 3.7%

12-month change: down 97%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about TRAE DESI

Trackwise Designs plc Announces Resignation of Susan Mcerlain as Non-Executive Director	03-12	CI
Trackwise Designs appoints administrators from FRP Advisory	23-08-02	AN
Trackwise Designs files notice to appoint administrators	23-07-26	AN
UK's Trackwise Designs to Call in Administrators Amid Financial Uncertainty	23-07-25	MT
Trackwise ends electric vehicle equipment manufacturer order	23-07-25	AN
Trackwise Designs plc Announces Uk Ev OEM Contract Termination	23-07-25	CI
Trackwise Designs launches sales process for business	23-07-24	AN
UK’s Trackwise Designs’ Board Approves Sale of Company	23-07-24	MT
Trackwise Designs results delayed; board reviews future options	23-07-21	AN
Trackwise Designs plc Announces Delay of Results of 2022	23-07-21	CI
FTSE 100 Closes Up 0.8% Lifted by Banks	23-06-30	DJ
Tech shines as investors cheer US inflation ease	23-06-30	AN
Market Pricing of BOE's Interest-Rate Rises Seen Excessive	23-06-30	DJ
FTSE 100 Rises as UK Economy Avoids Contraction in 1Q	23-06-30	DJ
Trackwise shares crash as annual results delays spark share suspension	23-06-30	AN
AIM WINNERS & LOSERS: Harvest Minerals slashes annual sales forecast	23-06-30	AN
UK June House Price Slip Shows Buyer Pressures	23-06-30	DJ
Trackwise extends cash runway amid contract delay from customer	23-05-09	AN
Trackwise Designs Starts Change Control Procedure for Delayed EV OEM Customer Order	23-05-09	MT
Trackwise Designs plc Announces UK EV OEM Contract Update	23-05-09	CI
Trackwise Designs puts Stevenage Circuits arm up for sale	23-05-03	AN
FTSE 100 Ends Thursday Up 0.74%, Hitting Highest Level in Two Weeks	23-03-30	DJ
European Miners Look Better as China Recovery Picks Up	23-03-30	DJ
Short-Dated Gilt Yields Could Fall After BOE Rate Increase in May	23-03-30	DJ
AIM WINNERS & LOSERS: Trackwise falls as loss wider, cash runway short	23-03-30	AN

Chart TRAE DESI

Duration

Period

More charts

Company Profile

Trackwise Designs plc is a United Kingdom-based manufacturer of specialist products using printed circuit technology. The principal activity of the Company is the development, manufacture, and sale of printed circuit boards. The Company provides a full suite of printed circuit boards (PCBs), including Improved Harness Technology (IHT) and advanced PCBs- microwave and radio frequency (RF), short flex, flex rigid and rigid multilayer products. IHT uses a proprietary, patented process that the Company has developed to manufacture multilayer flexible printed circuits of unlimited length. The Company operates from three sites, located in Tewkesbury, Stonehouse, and Stevenage. It serves customers in Europe and North America. The Company's range of applications through diverse markets, such as aerospace, automotive, medical, and scientific and industrial. Its products are exported around the world, including the United States, Australia, Europe and China.

Sector

Semiconductors

Calendar

2024-09-17 - Q2 2024 Earnings Release (Projected)

More about the company

Sector Integrated Circuits

	1st Jan change	Capi.
MEDIATEK INC.	+21.18%	60.98B
SKYWORKS SOLUTIONS, INC.	-17.91%	14.55B
NOVATEK MICROELECTRONICS CORP.	+17.02%	11.19B
AVARY HOLDING(SHENZHEN)CO., LIMITED	+36.83%	9.6B
WUS PRINTED CIRCUIT (KUNSHAN) CO., LTD.	+49.14%	8.88B
UNIMICRON TECHNOLOGY CORP.	+5.40%	8.83B
UNIVERSAL DISPLAY CORPORATION	-4.68%	8.42B
GLOBALWAFERS CO., LTD.	-9.88%	7.87B
SHENNAN CIRCUIT COMPANY LIMITED	+31.65%	6.65B

Integrated Circuits