Trikona Trinity Capital Share Discussion Threads

[badtime] 03/12/2010 17:43

Lol praps..howabout summarising the results.....tad long!

[praipus] 03/12/2010 14:40

Proposed distribution


The Board of Directors (the "Board") of the Company is pleased to announce that
it is currently intending to make a distribution of 16.6p per share, equivalent
to approximately GBP35 million, to shareholders (the "Distribution"). The
Distribution will be financed from the distributable reserve created by the
cancellation of share premium account that took place shortly after the Company
was admitted to AIM in 2006. It is intended that the Distribution will be paid
on 23rd December 2010 to shareholders recorded on the register on 7th December
2010. The shares will be marked ex on 3rd December 2010.


Further information, please contact:

[praipus] 29/11/2010 13:29

Looking at the CV of the new appointment I would think the share should be going the other way IMHO.

[praipus] 09/11/2010 17:03

Thanks mangal.

[mangal] 09/11/2010 16:57

Try the finals; a bit dated but that's the only place I could find it:

[praipus] 09/11/2010 16:16

Is the NAV published anywhere?

[mark1000] 23/9/2010 22:57

Is the German fund suing us for I believe 100Million plus for some assets we sold them a couple of years ago going through arbitration or the courts? this share is a bit like Bleak house a legal dispute that rumbled for many a year.

[badtime] 08/9/2010 19:55

same here...but ive kept it on my watch list

[mangal] 23/8/2010 22:00

Sold out sometime back though still watching.

[badtime] 23/8/2010 19:48

anyone around?

[rbcrbc] 20/4/2010 17:29

£11.1m @ 210m shares in issue is another 5.3p of cash in the kitty, It'll be nice once the legal bills are all settled.

[rbcrbc] 29/3/2010 09:44

£15.4m @ 210m shares in issue = 7.3p per share in cash - How much of that will get reflected in the share price by the end of the day ?

[badtime] 22/3/2010 19:09

Ticking up

[badtime] 08/3/2010 23:27

Hmm...interesting tick up again...i took anthr nibble..jus a few mind

[badtime] 04/3/2010 20:51

and a tick up..nice

[badtime] 03/3/2010 19:06

Fair numbe rof chunky trades today....bought back in ..jus a few mind

[badtime] 01/3/2010 19:36

i c a buy of 500k today

[rbcrbc] 01/3/2010 11:55

Trikona Advisers Limited ("TAL") today confirms that it will lodge a claim with the London Court of International Arbitration for GBP112,000,000 for ....


At least it is arbitration not a full bloodied legal battle, so costs should be sensible and the timescale reasonable.


Current Mkt Cap is £99m so if they win in full they might take the company.

Total assets = £300m as at Interims 30th Sept so if we paid them in full in assets we should still be left with assets worth £118m or 56p per share vs a currect share price of 47p.

Cash and cash equivalents = £44m (21p per share) as at 30th Sept so lets hope they get no more than that as a max.

[lbo] 01/3/2010 10:30

Trikona Advisers Limited Confirms Claim Against Trikona Trinity Capital (TRC) for GBP112,000,000

[rbcrbc] 26/2/2010 13:05

OK - So the buyer is Weiss Asset Management, they have gone from less than 5% to 9.18% so an investment of at least 4.19% or over £4m, I dont think you do that without spending a couple of bob on getting a proper legal view of the current proceedings.

It has certainly increased my confidence level.

[mark1000] 19/2/2010 19:54

Looking at the substantial sells the price has been doing rather well looks as though we have a substantial buyer mopping up the stock - surely we must get a RNS to show a 3%+ new holder or an existing 3% + holder adding. Could the old Management Company consider making a bid in consort with say a hedge fund after all probably worth more to them than anybody else and they know better than anyone else the true value of these assets?

[mark1000] 08/2/2010 16:42

RBCRBC As I understand it the 7.61 p per share is the additional increase in NAV per share attributable to the increase over book value for DB Realty since the last Financial Accounts - given that DB Realty`s share price holds in a years time the shares could be sold for 72M which on the basis of 210M shares would give you 34P a share rather than the figure you quote of 7.61p. When you add the shipyard shares etc you can see that by this time next year TRC could be sitting on a 100 Million plus cash bucket not sure about the tax consequences of a Company selling shares at a profit presumably some local tax to pay would be interested to hear from any knowledgeable posters on this subject.

[rbcrbc] 08/2/2010 14:28

The 7.61 is the value of DB reality - I guess it cannot be cash for 12 months so maybe I am a bit ahead of myself, but its value is much more certain now it is on the open market. We could add the current value of the shipyard as well I guess but both should be in a 'near cash' bucket not really a 'cash equivilent' bucket.

[mark1000] 08/2/2010 13:29

RBCRBC
Why did you add 7.61 to the 20.9? - do not understand do you?

[rbcrbc] 06/2/2010 11:55

So £16.022m with 210,432,498 shares in issue is 7.61p per share of cash equivilent availble after the 12 month lock-in if the price doesn't change.

The half year balance sheet shows cash/cash equivilants of £44m so 20.9p

20.9+7.61 = 28.51p I just hope the contracts are full of arbitration agreements and we dont end up anywhere near court rooms.