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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tricor | TRIC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.275 |
| Top Posts |
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Posted at 18/12/2013 18:38 by joosepi Pity this guy cannot read======== CVA: completed, therefore NO DEBTS. Investors placed large amount of funds inward. New Board. New businesses. Steady share price. Jack you are so stupid! Why do you get involved in the stock market??? |
Posted at 07/9/2013 23:18 by joosepi Light reading on our Tricor looks like the new board mean business:FOR THE YEAR ENDED 31 MARCH 2013 Chairman's Statement: Tricor plc ("Tricor" or the "Company") has been through a very difficult 2012 but has emerged financially and strategically stronger with a number of recent investments that the Board believes offer very exciting potential. The investments in Tricor Environmental Pte Ltd ("TEPL"), the Company's sand trading business, and Tricor Minerals Pte Ltd ("TM"), the Company's iron sand processing business, are beginning to yield results. Tricor Resources Trading Pte Ltd ("TRT"), which will initially focus on trading iron sand, is expected to be active sometime next year. Tricor believes that TEPL, TM and TRT all hold strong positions and offer the potential to deliver sustainable profitability in a timely fashion. Strengthening Tricor's Balance Sheet Tricor struggled in 2012 with liabilities of more than £4,000,000. It could not raise any significant capital and the uncertainty over the outcome of its VAT claim prevented the Company from pursuing its stated objective of making new investments or pursuing a potential reverse takeover. As a result, in September 2012, trading in the Company's shares on AIM was suspended. In October 2012, after evaluating all available options, the Board decided that the best way to take the Company forward was to recommend a Company Voluntary Arrangement ("CVA") to its shareholders and creditors. Both shareholders and creditors voted overwhelmingly in favour of the CVA and as a result, the creditors, post-CVA, own 92.1 per cent of Tricor and the shareholders 3 per cent. If either the shareholders or creditors had rejected the CVA, it would have resulted in Tricor delisting from AIM on 28 March 2013 and ultimately, the Company would have been liquidated. All of Tricor's liabilities as at January 2013 were fully settled under the CVA by the Company issuing approximately 24 million shares to be distributed to the creditors. Consequently, as at 31 July 2013, the Company's debt has been reduced to approximately £120,000. Details of the CVA and its effects are set out in RNS number 2417V dated 10 January 2013 which can be found at www.tricor-plc.org.u Corporate Restructuring and Funding: Following the success of the CVA, in February 2013, the Company was able to raise £480,000 in loans and invest in blue chip natural resources listed companies (the "Listed Investments") in March 2013. As part of this fundraising, the Company issued 88,100,000 warrants. The fundraising and the consequent investment in the Listed Investments enabled the Company to implement its investing strategy so that trading in the Company's shares on AIM could be restored. For further details, please see RNS Number 3456Y on 20 February 2013. The Company later raised another £500,000 by issuing a convertible note which can be converted to 95,238,095 shares. In addition, the subscriber was issued 380,000,000 warrants. The £500,000 raised enabled the Company to invest in TEPL, TM and TRT. For further details, please see RNS Number 2878A dated 18 March 2013 found at www.tricor-plc.orq.u The Company has sufficient working capital for its current needs and currently has no plans to issue further shares or warrants for that purpose. Additional sum of £5,900,000 into the Company. The Company will then make further investments in line with its investing policy. THE VAT CLAIM: Tricor has been actively and vigorously pursuing its VAT claim since 2006 and in September 2013 the final Tribunal hearing is due to be completed. Based on information received about recent decisions in similar tribunals, in addition to the relevant facts pertaining to the Company's claim, Tricor is optimistic that the claim will be resolved in its favour. If, as expected, the final hearing ends in September 2013, we expect the Tribunal will give its decision in the first quarter of 2014 (which may be as early as January 2014). For further details, please refer to a Tricor News bulletin issued on 30 August 2013. It can be found at www.tricor-plc.org.u Reorganising Tricor's investments: The Company owns 50 per cent of the shares of Tricor Supply Side Carbon Limited ("TSSC") which deals with supply side carbon credits. Given the drastic fall in carbon credit prices and trading volumes since 2011, the Company will not further invest in, nor proceed with, this business. This business will lie dormant until the Company disposes of it at a later date. The Company has disposed of its investments in the Listed Investments as it feels that it can generate better returns from other investments. In March 2013, it invested in TEPL. Later in May 2013, it invested in TM and TRT. These are the only investments on which the Company is now focused. Many useful details of TEPL's and TM's operations can be found at www.tricor-env.com.s To conclude, the 2012/13 financial year has been one of many challenges for Tricor. However, I am very pleased to report that the work that has been carried out and the investments the Company has made has resulted in a stable business with a number of exciting new initiatives that the Board believes have the potential to deliver significant returns for our shareholders. In addition, as described above, once the businesses are firmly established and trading in line with management expectations, there is clear potential to increase the size, scale and scope of the businesses' operations in response to market demand. I am excited about the future for the Company and look to the future with great optimism. F M Chan Chairman 6 September 2013 |
Posted at 20/6/2013 22:37 by 2trying Yes indeedy - cheers for that iNside2 .Now let us look at an article on GF - from GF himself . The Ed mentioned is of course Ed Balls . Tonight Ed's waistline takes another hit when he is the keynote speaker at the Co-operative Party Gala Dinner 2013 at the Hilton Victoria Hotel off Millbank. The evening will apparently "provide a unique opportunity to enjoy the company of some of the country's leading co-operators and Co-operative Party members, supporters, workers, Councillors and Members of Parliament." The financial hub of this great co-operative movement is of course the Co-operative Bank, which was encouraged by the Labour government to take over the Britannia Building Society in 2009 because politically Labour wanted to expand the co-operative base. Ed Balls is a Co-op supported MP, his office gets bunged £50,000 a year from the Co-op. The Labour Party itself is literally in hock to the Co-operative Bank to the tune of £3.6 million on a low interest you scratch-my-back I'll-scratch-yours terms deal. Tonight Ed Balls will sing for his supper as their after dinner speaker... The Co-operative Bank is a financial disaster after the Labour government induced deal, the bank's bonds have hit junk status, 7,000 end investors typically pensioners will be wiped out by the bond haircut that will be necessary to plug the black hole in the Co-op Bank's finances. It smells bad. Ed Balls isn't going to do himself any favours tonight if he is trying to rebuild his reputation for financial probity... |
Posted at 19/4/2013 23:42 by 2trying Well , Shareho1der -I wonder who they sold them to . Why do I have a bad feeling about this ? --------------- Surely TRIC acts in the best interest of their investors ? (pause while we all fall around laughing) . --------------- Shareho1der . One chance sunshine . You are regarded with contempt . On this and other bboards . Your language and personal attacks are disgraceful . O.K . - we will make allowances for the fact that you are Canadian . --------------- Explain your EXACT position and opinon on TRIC . And LGO . --------------- |
Posted at 23/2/2013 16:57 by shareho1der Yes . The stinking, unwashed English are the investors . |
Posted at 23/2/2013 13:28 by joosepi Any one know who the investors are in Tric, yknow Background Stuff etc ????? |
Posted at 21/2/2013 14:45 by joosepi OMG Its coming back to life again £480.000.00 to Invest !!!!!!!!!!!!!!1Tricor PLC Notice of GM and New Funding RNS Number : 3456Y Tricor PLC 20 February 2013 TRICOR PLC ("Tricor" or the "Company") New Funding and Notice of General Meeting Tricor announces that it has successfully secured GBP480,000 of new funding by way of three interest free loans (the "Loans"). Tricor will utilise the funds raised by seeking investments in line with its approved investing policy and for working capital purposes. The Company will seek to substantially implement its investing policy and apply for trading in its ordinary shares of 0.001p each ("Ordinary Shares") to resume on AIM before 28 March 2013, the date on which otherwise the Ordinary Shares will be cancelled from trading on AIM altogether, six months of suspension having passed. The terms of the Loans are as follows : -- They are repayable at the discretion of the Company at any time within 2 years. -- They do not carry a coupon. -- GBP400,000 of the Loans will be used to make investments in line with the Company's investing policy and which will be secured against those investments. The Company has the right to transfer those investments to the relevant lenders at any time in full satisfaction of the GBP400,000. -- The balance GBP80,000 Loan is unsecured and will be used for working capital. -- The lenders will be issued with warrants to subscribe for, in aggregate, 88,100,000 Ordinary Shares ("Warrants") that can be exercised at any time up until 31 December 2017 at an exercise price of 0.5 pence per share, subject, in part, to certain resolutions being passed at a general meeting as detailed below. -- The Company shall convene a general meeting to seek authority for the directors to allot shares up to a nominal value of GBP10,000, further details of which are set out below. The Loans have been provided by three investors in the amounts and with the number of Warrants as set out below: Name of lender Amount of No. of Warrants Percentage of issued Loan share capital that the Warrants would represent if exercised in full and no other Ordinary Shares have been issued Goldslick Investments SA GBP200,000 36,700,000 32.45% Consiliou Growth Fund SPA GBP200,000 36,700,000 32.45% Landham Group Limited GBP80,000 14,700,000 13.00%* ------------ ---------------- -------------------- Total GBP480,000 88,100,000 77.91% *Excludes approximately 0.1% of the Company's issued share capital currently held by Landham Group Limited. Background to and reasons for the Loans In view of the fact that the Company had not implemented its investing policy within the time required by the AIM Rules, trading in the Company's ordinary shares was suspended on AIM on 28 September 2012. The Company therefore has until 27 March 2013, being six months later, to undertake a reverse takeover transaction (as defined in the AIM Rules) or otherwise substantially implement its investing policy in order to seek to restore trading on AIM and avoid a cancellation of its AIM admission altogether. The Company has been seeking ways to implement its investing policy or to undertake a reverse takeover and avoid cancellation from AIM. However, these efforts have been hindered by the financial position of the Company and its liabilities, as well as the ongoing VAT tribunal with Her Majesty's Revenue and Customs ("HMRC") and the AIM suspension. Therefore the directors proposed the company voluntary arrangement ("CVA"), which was approved by creditors and shareholders last month. This left the Company debt free, but with limited cash resources. The Company continues to pursue its VAT claim with HMRC for monies owed to it, but the Company has no certainty as to whether such claim will be successful or the timing of it. As with all creditors at the time of the CVA, any liabilities with HMRC outstanding at that time will be settled by the CVA. Meanwhile, the Board has been in negotiations with several parties with a view to securing funding which, due to the factors set out above, has not previously been forthcoming. Whilst the CVA has removed liabilities, the Company remains suspended on AIM with very little cash resources to ensure it can continue as a going concern, let alone to seek to implement its investing policy and lift the suspension on AIM. Given the circumstances, the Board of Tricor is therefore pleased to have agreed the Loans which, as well as providing working capital, will enable the Company to move forward such that it will have sufficient resources to seek to substantially implement its investing policy and restore trading on AIM before the cancellation date of 28 March 2013. Whilst the terms of the Loans include Warrants which could significantly dilute existing shareholders of the Company, the Board considers that in the circumstances the Company otherwise has little opportunity to secure the funding required and seek to maintain the Company's admission to AIM for the benefit of shareholders. With the completion of the CVA, the Loans in place and the restoration of trading on AIM, the directors believe they will be in a better position to focus on the Company's investing policy and seeking further funds to implement this, in order to create value and generate returns for shareholders in the long run. This may include seeking to make a material acquisition in the short to medium term which will be deemed a reverse takeover transaction under the AIM Rules, such that the Company would become an operating business, should a suitable opportunity arise. Notice of General Meeting The terms of the Loans include the granting of the Warrants over 88,100,000 new Ordinary Shares. The directors' authority to allot shares under sections 551 and 561 of the Companies Act 2006 (the "Act"), as approved at the general meeting of the Company held on 29 January 2013, was limited to GBP1,000 nominal value (which equates to 100,000,000 Ordinary Shares). Currently, the Company does not have sufficient headroom remaining to allot all of the shares resulting from the exercise of all the Warrants due to subsequent share issues and can only allot a further 73,715,799 new Ordinary Shares. It is therefore a term of the Loans that the Company convenes a general meeting to seek authority pursuant to sections 551 and 561 of the Act to allot shares up to a nominal value of GBP10,000 (which equates to 1,000,000,000 Ordinary Shares). Section 551 of the Act refers to the granting to the directors of the Company of authority to allot new Ordinary Shares in the capital of the Company and section 561 of the Act refers to dis-application of statutory pre-emption rights over new Ordinary Shares. The increased authority to be sought will enable the directors not only to satisfy the exercise of the Warrants in full, but also to have the headroom and flexibility to raise substantial funding by the issue of Ordinary Shares that will not be subject to the statutory pre-emption proceduresas and when such funding becomes available, without undue delay and as may be required for future working capital purposes and to make investments in line with the Company's investing policy. Accordingly, a notice of general meeting seeking the authority will be sent to shareholders shortly. Shareholders should be aware that should they approve the resolutions to be proposed at the general meeting, the directors will have the authority to allot and issue significantly more Ordinary Shares in the Company and the holders of Warrants will, assuming exercise of the Warrants in full and no other issues of Ordinary Shares in the meantime, have the ability to acquire a significant aggregate shareholding in the Company in excess of 50 per cent. of the as enlarged issued share capital, as set out above. In addition, two of the lenders could each acquire over 30 per cent. of the as enlarged issued share capital of the Company (assuming exercise of the Warrants in full and no other issues of Ordinary Shares in the meantime). As the Company is admitted to AIM and its place of central management and control is not deemed to be in the UK, Channel Islands or Isle or Man, it is not subject to the UK City Code on Takeovers and Mergers (the "Code") and the protections the Code affords to shareholders. Therefore, the holders of Warrants would be able to exercise their Warrants, or the Board may issue a substantial amount of new Ordinary Shares to new or present shareholders, such that these shareholders may acquire a shareholding in excess of 30 per cent. of the Company without having to make a general offer to all shareholders of the Company for all the remaining Ordinary Shares in issue, as would be required by the Code when a person or persons acting in concert with them acquires 30 per cent. or more of a Company's issued share capital. Notwithstanding this, the directors believe it is important that the Company has the flexibility afforded by the proposed authorities such that it can execute its investing policy and seek to raise funds in a timely manner should they be required. Recommendation The Board of Tricor believes that the Loans and the issue of the Warrants are in the best interests of the Company and shareholders as a whole in light of the factors set out above. Accordingly, the directors of Tricor recommend that shareholders vote in favour of the resolutions to be proposed at the general meeting, as they intend to do in respect of their own beneficial shareholdings. |
Posted at 07/7/2012 14:30 by joosepi About Us Premier Telecom (Company Reg. 04031272) is an independent business run by founder Darren Ridge, who is Chief Executive and principal investor. Darren has been working at the top of the industry for over 20 years and is the driving force behind Premier Telecom's delivery of unique levels of customer service. Customer service sits at the center of Premier Telecom. By retaining local focus through regional offices, we are able to offer a level of ongoing support and pro-active account management normally only found in local businesses. Premier Telecom combines the cost effectiveness of a major organisation with the service levels of smaller businesses. With headquarters in Whiteley Hampshire, regional offices are located in Camberley, Leeds, Hereford and Southampton. The Group employs over 100 staff with annual turnover exceeding £15 million. Premier Telecom provides solutions to some of the most demanding and successful organisations in the UK. Its consultative and supportive approach provides solutions that focus on cost effectiveness, helping clients to improve performance by maximising the potential of their communication assets. Premier telecom has relationships with networks, suppliers and innovators underpinned by 'high level' accreditations, including; Vodafone - No.1 UK Partner BlackBerry Alliance Member Microsoft Certified Partner HTC Premier Partner Mitel Authorised Partners Premier Telecom manage over 90,000 connections with a churn rate of under 7%, a level of customer retention that is virtually unheard of in the industry. Voted Vodafone Platinum Partner of 2011, the strong relationship with Vodafone ensures that the very best commercials are on offer to clients. Principle channels of activity are the provision of mobile voice and data, fixed line, IT and increasingly unified communication solutions. Our portfolio offers the most advanced solutions to capitalise on communications in your business environment. Enhanced capability includes; Cross Platform Device Management Software, Electronic Forms and Tracking and Information Management Software. You're in good company Our commitment to customer service, investment in technology and the strategic partner relationships combine in a unique offering, enabling us to win and retain some of the most demanding and successful organisations in the UK, including London Transport, NHS, B&Q and our latest acquisition of 2,000 connections for the worldwide acclaimed design & construction engineers, ARUP. |
Posted at 12/5/2012 22:46 by edgefund 2t,makes you want to go on a drive by. (not that i condone such behaviour of course) but come on this is just pathetic. I know the implications of their debt has great impacts for us all but it HAS all been factored into the markets and there are benefits currently to the private investor, but average joe gets screwed |
Posted at 05/2/2012 11:24 by akaaur Guys i have been doing some research on this company and found out some interesting stuff but this my opinion, it explains how TRIC could get revenues of £530m over 10 year period, £53m a year, guys all responses are appreciated. I would have posted this on the weekdays but didn't not want to cause people buying because of the figure, this will give you time to research yourself rather than investors just jumping in.Guys as you know that tric recent planned acquisition with green glory limited, the interest in the company has come from a 450k hectare land which is planned to be purchased, the purpose of this to develop and sell carbon credits which can be sold to business lower their carbon footprint, Anyone who are not aware of carbon credits, these are credits that business can buy to lower the carbon emissions, it is stated that a company producing more than 80k of tons of emissions must reduce thus higher taxes be applied to the company but money can be saved if they purchase the credits. Carbon credits are produced by companies that reduce carbon emissions with renewable energy. It's worked out as 1 ton of carbon is worth 1 carbon credit, many ways to create this energy, e.g. wind, solar. Forestry etc. Experts predict that carbon offset will increase by 42%. So to come to how i came to a figure of £550m on 10 year period. To work it out i had to first find out how much tons can be reduced by the 450k hectare land. Also it would also depend on the land they have, because they are to be wind, solar etc, but its not exact as to what they have or how the energy will be created, but I've come to conclusion it would be trees. My reason come as to research and it is a developing country highly unlikely on that size of land it would be wind or solar. So how many tons will it reduce? But i have to convert it to acres to first. 450k hectares in acres = 1111500. It is proved that 1 acre of trees will reduce 4 tons of emissions from atmosphere in a year. So 4*1111500=4446000, so 4446000 of emissions will be reduced over a year. Now to work out the revenue it is depending on the current price carbon, other companies charge $19 for this per 1 credit, so $19*4446000= $84474000, the price is in dollars if you use current conversion which is 1.58/$84474000= £53464556. That would be the revenue coming in, and over 10 year period £530m. So if a buyout would occur the share price of near 10p. On current share issue. All figures are estimate, its just some research ive done, on the company and market they will entering, im not sure if i maybe right but all responses apprieciated People are also saying that it may be diluted and vat money will be needed for the acquisition. But they had raised 2.55m already for this deal, so money may not be necessary but even with a dilution its worth money. Plus with chan on board it looks most likely and he has bought shares himself, he is confident too. Alot of people are saying this that new investments coming through, they are confident something will happen if you research other energy companies in the same field, carbon market are beneficial. Its cheap as chips at the moment, even a small investment will go a long way. |
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