Trikona Trinity Capital Share Discussion Threads

[mknight] 08/6/2009 11:53

60p as we all knew but where too from here ?

[dcomd99] 06/6/2009 14:47

Surely it all depends on the NAV.

Indian stock market has risen recently, which presumably will help all prices. If people thought the NAV was 100p (say), why would anybody accept a tender offer at 65p? However, if the NAV was 70p, a tender offer at 65p would be very popular.

[stemis] 06/6/2009 10:12

I guess it will just mean the company won't buy back many shares before 27 July but will provide a floor of 60p ish for the share price. Considering how difficult it is proving for them to get shares in the market, I'm expecting a tender offer with the results for 65 - 70p.

[badtime] 05/6/2009 23:40

I c someone has been topping up ther holding judging by tht rns

[smicker] 05/6/2009 16:08

Surely they can just ignore the previous RNS and now announce they wont pay more than say 70p due to lack of interest from sellers. If they can ignore the EGM resolution i dont see why the previous RNS should be any different

[grahamg8] 05/6/2009 15:49

Can't see much of a tree shake. The NAV is so far above the share price that only the desperate, ultra pessimistic or foolish are likely to sell prior to 27 July. We get a progress report, almost certainly a new NAV, and the next stage of the return strategy. Several contributors have suggested they might start reducing from 80-100p. Reducing holdings makes a great deal of sense as the share price approaches the NAV (138p last time out) because the chance of further rises is lower and the chance of slipping back increases; is 80p too cautious, 100p too bold? who knows. So we could easily see the price way above 60p long before we get to the end of July. It just means the buy will be lower key than originally envisaged and another plan will need to be devised.

[ilostthelot] 05/6/2009 14:17

The big question is will we see a pull back now to shake the tree before the 27th of july?

[spectoacc] 05/6/2009 10:41

Suspect they wanted to stop people "front-running" the buy-back, hence the "we won't pay more than 60p" declaration.

[ilostthelot] 05/6/2009 10:33

It is strange as to why the board put rules on their own buy back plan.At least 60p should now be a minimum price as the company will buy every time the share price goes below it.

They have managed to get the the share price up a good bit wothout actually buying that many shares.It may be that they plna to give us a one off special dividend payment similar to that of CPT - Who are in dicussions just now regarding a one off special divi.

[papy02] 05/6/2009 10:10

I think we are all struggling with why they have RNSed these new short term "buyback rules" and how these mesh with the EGM resolution to buy back if share price is less than NAV (unless the board think conservative NAV now 60p, which seems a big drop from Sept 08 138p, even allowing for any mkt decline and "distressed sale" valuation)

[papy02] 05/6/2009 09:53

Puffet, correct - they will not buy for more than 60p
(prior to the Prelims, expected 27 July, when board will update on capital return strat)

[puffet] 05/6/2009 09:44

As we are just about hit 60p does that mean that the Company will stop buying back the shares?

[rbcrbc] 03/6/2009 10:10

I just hope they dont look like spending all the dosh before we hit 60p. Otherwise the share price may drop before we find out what is happening.

[grahamg8] 03/6/2009 09:31

It seems the end of my post was deleted I think this is roughly what it said: TRC need to buy at a rate of 400,000 every day till the end of July to reach the 19m limit. But with a price ceiling of 60p and a struggle to get share holders to sell the share price looks like reaching or exceeding that figure pretty soon. This will still leave plenty in the piggy bank. Thus the interims on 27 July IMO will have to give details of the next proposal to return funds.

[grahamg8] 01/6/2009 12:36

Every time TRC buy in shares at an ever rising price they put a floor on the share price With the intended purchase of up to 19.38m shares by 27 July they can hardly do anything other than buy more on a downturn or even a pause in the steadily price rise. Holding or topping up a shareholding looks like a one way bet at the moment.

[mknight] 30/5/2009 20:51

Indian growth outstandingly strong ....better get in quick.

[mknight] 28/5/2009 12:42

Going higher this afternoon ? For 9000 shares you have to pay higher than the offer ?????????????????

get in quick would be my recomendation.

[mknight] 28/5/2009 10:51

Cant see why anyone would want to sell below 60p , the company will buy back the lot up to 60p based on the normal trading days .

[badtime] 27/5/2009 21:46

I c they bought 2 mill at 53.5

[mknight] 27/5/2009 17:07

This is going to a minimum of 60p and we all know it , will buy some more tomorrow before the companys buys them all up .

[grahamg8] 27/5/2009 15:34

Buy the company? Now that's got some positives: no problems over renegotiating contracts, forced sales at lower prices, and even gets round the issue of extracting investment money from India without paying tax; the managers might even be kept on and so wont have to be paid off at a premium. So we just have to find someone with around £200m to spare.
Buyers have started coming back after a dull start, and a significant 2m shares taken into treasury yesterday. The pace seems to be quickening. These are the recent week ending sps:
25 April 38.75 rise
2 May 39.75 2.6%
9 May 41.5 4.4%
16 May 45.25 9.0%
23 May 52.0 14.9%
Today at 3pm 55.0 5.8% and counting. In hindsight I should have sold everything and put it all on TRC...extrapolate for far enough into the future and we will all be millionaires

[rbcrbc] 27/5/2009 11:17

Maybe they have had an offer for the company, and don't want the share price too high as it could scupper any deal at 80-100p ???

Did anyone ever have any luck in contacting the company, I didnt get any response when I tried before ?