Trackwise Designs (LON: TWD) is one of the ten worst performers in the FTSE AIM All Share index during December with the share price slumping by more than one-third – and it is two-thirds lower than one year ago.
A heavily discounted fundraising was behind the latest share price slide. The placing price of 80p a share is not much more than 50% of the market price prior to the announcement. The placing will raise £6m and there is an open offer at the placing price, which could raise up to £1m, which closes on 4 January.
This cash will provide the platform for extensive growth in the next...
