||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Trikona Trinity Capital Share Discussion Threads
Showing 1201 to 1225 of 1225 messages
|probably buying from weiss|
|Well Lars seems to think more than the current price
Edit: But it looks like he's getting them for 0.85p|
|Posted this to remind myself of the timetable
Amazed how busy the arbitrageurs have been Lars and Weiss messing about with their holdings CFD's etc. Difficult to guess if they're trying to get out or get in:)
Any guesses what the assets value is now?|
|http://www.trinitycapitalplc.com/portfolio/mk-malls/I understands this is for all tc10They have 12%|
|Where does it say that???|
|no 12% is in the books at £3.2M|
|Kev,So 12% to TRC is worth ~345k|
|no they've not sold T10 yet but the arrangement with the Immobilien funds disclosed recently certainly makes it seem close to being done|
|Kev, is this for all TC10?|
|£10.5 million back to shareholders|
|This looks very positive. 5p distribution. You have to assume they have kept enough back to cover all closure costs and liabilities, and more on top of that to give some margin of safety. Now what can they get for T10?|
|A Cash Distribution ...|
|WOW 5p payment to shareholders|
|What is the value of TC10 to TRC guys?They have 12%|
|Thks I'll take a look. TRC do seem to have been far too pessimistic with their valuations in March. The assets they just sold have been at a 70% higher valuation than they booked them at so the question is; have they undervalued TR10 by a similar level??|
|Hi kev, eezy and i have discussed this stock on his thread ''eezymunny'' over the last couple of months.
FWIW, i have a similar figure to you with a 6.6p final return, but i am generally an optimist.
The book figure of tc10 should be net of sales commissions in my view, see note from the accounts ''The value of the investment in MK Malls is based on the net sales proceeds to be received under the terms of a final draft (but not yet binding) sales agreement.''|
|The NAV was heavily written down last results so I'd be reasonably confident the TC10 valuation is correct. The sterling/rupee exchange rate has also moved favourably recently.
The market makers don't seem to have a clue either with a spread like that.|
|I'd be disappointed too, given that they were sales to the German fun that co-owned the properties. I'm not, however optimistic. Being optimistic can be bad for your wealth! And the NAV's in the balance sheet DID reflect possible perf fees IIRC.
It's all very opaque.|
|Its possible they may pay IndiaReit some of the proceeds of the sales but I'd be disappointed if these are significant. If they are material they should have been announced with the disposal.|
|Thks. Given TRC is being liquidated would they not have to show probable fees to be paid to IndiaReit as a liability in the balance sheet?|
|My thinking similar but there may be fees payable to IndiaReit. Somewhere from £0 to £2m looks conceivable to me.
TC-10 may finally sell for almost nothing or something usefully more than your number.
So there's a fair degree of uncertainty IMO. My range is 4-7.5p. Not very useful!|
£8.7M just received
3.2M for TC10
5.6M (at March 2016) - 2.1M (prev distribution) - 1M (est. running/closure costs) = £2.5M
Total = £14.4M = 6.8p to shareholders
Apply 5% margin of safety to give £13.5M = 6.5p to shareholders.
Apply 10% margin of safety to give £12.96M = 6.15p to shareholders.
Apply 20% margin of safety to give £11.5M = 5.5p to shareholders.|
|Kev. What do YOU think it will be, and why?|