Torc Us Through 2005

I have bought into the TRK story from the time of splitting off from BTG and lived through all the pain, anguish and delight of watching share price volatility, RNS releases, bulletin board comments from the outrageously optimistic to those somewhat lacking in intelligence! Still, I bought more and at an overall average purchase price of 89 pence, I am content to watch and wait. LTBH to me means years, patience and ba**s of steel. What a roller coaster it has been for many of us and there may well be more spills and thrills before the BD or whatever brings money in to the TRK coffers. Who knows????

I want the SP back to previous highs - and beyond - as well as anyone else does but my belief is we may have to wait a little while longer yet. Why?? Well, I attend the AGM's. At the 22nd July 2004 AGM, RJ informed all present that "there is a strong possibility that TRK could become a cash generative business even before the automotive royalties begin to flow" That suggests either that we have a couple of years to wait before those automotive royalties begin or something dramatic and rapid will be happening with the off highway / agricultural and automotive consultancy income streams. I wonder which?? I do hope that a high proportion of that pre automotive royalty is from auto consultancy, that would suggest some serious intent from the 'big money' automotive sector and bigger royalties from that sector more quickly?

Anyone care to point out where I have 'lost the plot' or discuss their own views of what RJ meant?

Thanks all for years of information and entertainment while I wait for TRK to finally deliver dividends to match their wishes - and mine!

Bodgit