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TRIC Tricor

0.275
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tricor LSE:TRIC London Ordinary Share GB00B79BCZ12 ORD 0.001P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.275 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.275 GBX

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Date Time Title Posts
14/7/201712:22Chinese coming back strong4
15/9/201621:54TriCor PLC - "Revitalised" for 20103,511
12/4/201320:41The ' New ' Tricor-
13/10/201016:40TRIC or TREAT ??? Think we can guess!!!!374
07/8/201010:14Tricor Plc - Lawrence van Kampen-brooks7

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Posted at 04/9/2015 15:50 by ibuy
Tricor Swings To Small Profit As It Cuts Costs, Assesses Funding Needs.

Life in Tricor yet.

Note to Market Maker you pushed the wrong button, that's right, the 50.000 share BUY was mine.

BUY NOT SELL. its easy really BLUE BUY RED SELL.

Twit. Write 100 times BUY BLUE SELL RED.
Posted at 12/5/2015 22:44 by 2trying
usual source
EU's responsible for the never ending flow of immigrants into our shores and prevent us from protecting our borders and welfare systems. The latest proposal is for a quota system to re home the flood of illegals entering Italy across the EU member states.

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Dominic > dave melville • an hour ago





Did you notice how carefully the EU left that announcement until after our General Election - was this to avoid assisting UKIP ?
Posted at 07/5/2015 09:29 by inside2
to understand the Labour Party one must first understand it's roots. Back in 1900 all the representative's of the various bodies that represented workers came together, Fabian's the old Labour party, the trade unions ect and at that meeting Kier Hardie proposed that all the various bodies came together and were represented by a single body and voice with the aim of promoting and financing MPs who would act on behalf of and be the voice of the workers. Hardie's proposal was adopted and so the Labour Representative Committee was born, later to be renamed The Labour Party. A NEC was appointed and given the size of the unions membership and the fact that they were the one's with all the money they were given the lions share of seats on the NEC. Amoung many other duties the NEC are responsible for making all the policy decision, as we have seen only this week when Ed Miliband said he needed to run something pass the NEC before it could become policy, I can't remember what it was but remember the word 'Puppet' popping into my head. The make up of the Labour Party NEC has change little over the years and when you understand the Labour party roots you begin to see why, with some justification really in my opinion, the trade unions honestly believe they own the Labour party which after all is only the voice of the workers and is not in the ownership of the Labour parliamentarians or their leader.
Posted at 08/9/2014 22:40 by 2trying
Amazing isn't it ?

Gordon Brown (spit) is making promises to give to give the Scotties more !
How can he do this - he is not the PM . Well in his dreams perhaps .

George Osbourne is promising the Scotties more - as long as they vote "no" .
Why George , why ? Why give more to a people that hate us , resent our success , have a huge chip on their shoulders , and their contribution to us include the haggis , kilts , the bagpipes and the most foul fizzy drink of all time - Irn Bru . Crikey they really must hate us !

Yet they think we should subsidise their way of life - free prescriptions , no tuition fees , and of course their benefits . No of course they aren't going to accept their percentage share of the National Debt , despite the fact that the Bank of Scotland and the Royal Bank of Scotland caused a fair old amount of it .

Erm , correct me if I'm wrong but didn't this happen while Gordon Brown (a scot) , Alister Darling (a scot) and Tony Blair (born in Scotland) were in charge ?

OK - more - obviously I have strong contacts in Scotland and in fact have to nip there this weekend .

Not that long ago I was in an arguement with a Scotcher . I was lucky I didn't get head-butted ! - He was arguing that Glasgow used to have the world's largest sewing machine factory , employing 2000 people . Singer's Sewing Machines . My answer was so what ? - times change , housewifes don't use sewing machines any more ,and down in England we don't darn our socks any more either .

I swear that when I go up there this weekend the conversation will turn to football . As you know England just beat Switzerland and Scotland lost to Germany last night , and can you guess who will get the blame ?

Margaret Thatcher .

Yep - everything is her fault .

Incidentally - if you ever drive up the M74 (A74M) , once you get past the English border , watch out for potholes . Seriously . Yep , a motorway built with cardboard and porridge . This too is Maggie's fault .
She also singlehandedly destroyed the Scottish coal industry , steel industry , shipbuilding , the Hillman Imp factory somewhere or other , even the Albion lorry works .

This is how thick they are . Repeat - resentful , chip on shoulders .

Think I might point out it's a pity she didn't destroy the Whisky Industry , then you Scotties might stay sober enough to do some proper work .

No - I'm not that brave !!
Posted at 21/7/2014 23:36 by edgefund
hmmmm. I may just pass on that one.

Not pleasant to see a "Hardened TRIC Soldier" being beat down though.....
Posted at 03/7/2014 09:36 by tt2oo5
Goodmorning chaps any veiws on TRIC? buy/hold/add/strap?
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.ukyrule-26.html.
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.uk/rule-26.html.
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.uk/news.html.
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.sg and www. tricor-min. com. sg. All three businesses currently operate on two concession areas, which TEPL has exclusive access to for a five-year period, in the Zambales region of the Philippines. The sites contain abundant quantities of sand and iron sand (which is sand with a very high iron content), that needs to be removed to prevent flooding to the local area. TEPL, which is 100 per cent owned by Tricor, is managed by Subir Lohani and James Park, who both have extensive experience of operating and investing in natural resources focused businesses in the region, and has Chahaya Shipping and Trading Co Pte Ltd as a strategic partner, with whom it has atwo-year fixed contract to sell sand. Both TM and TRT, which are 72 per cent owned by Tricor, are managed by Subir Lohani, Han Ping Chong and James Park; their strategic partner is KGGD Pte Ltd, which has entered into a five-year supply agreement with TM and TRT to purchase all the iron sand that the two businesses produce. The Company does not take part in the management of any of these businesses but receives reports of their progress from time to time. Tricor's view is that the businesses have proceeded very rapidly in a short time and are poised for exponential growth. TEPL is in the business of mining and selling sand in the Philippines. The biggest buyer of sand in the region is Singapore and it is forecast that Singapore will continue to be a substantial buyer of sand until at least 2030. Tricor views this business positively as it is a relatively stable business. TEPL started its sand-related business in March 2013 and achieved revenue of £207,000 that month. The business was fully operational from April 2013 to June 2013, (800,000 metric tonnes for the months of April and May 2013) whereupon, as expected, it stopped due to the monsoon season. The monsoon season is usually from July to October each year and during that time, the conditions at sea make it difficult to load sand onto barges. As a result, business activity and hence, revenue, is insignificant during that period. The sand business will resume again in late October/early November. TM is in the process of shipping and then constructing one iron sand plant (the "Plant") at TEPL's site at Porac, Bucao River, Zambales Province, Philippines. The Company is informed that the Plant will be ready for commercial production of iron sand by the end of October 2013. TM estimates that the Plant will produce approximately 200,000 metric tonnes of iron sand per annum with a purity of at least 58% iron. A second plant is expected in Q1 2014, followed by a third plant in late 2014. Each plant will have an expected output of 200,000 tonnes of iron sand per annum. The biggest buyer of iron sand in this area is China and Tricor is informed that, at this time, there is no shortage of demand for iron sand. Typically, the iron sand business has historically been a low volume but high margin business. The selling price of iron sand (58% grade) fluctuates from time to time but was in the region of US$60 per metric tonne FOB (freight on board) Barge in July 2013. Potential Expansion Both TEPL and TM are adequately funded for now and will continue with their respective business plans. However, both businesses are highly scalable, and the opportunity exists to increase output for sand and iron sand at TEPL's current sites by acquiring more machinery and iron sand plants. In addition, the opportunity also exists to acquire additional sites and carry out the same businesses at those new concession areas. Discussions are on-going with site owners as well as investors in this regard, and announcements will be made if and when appropriate. The Board will continue to keep shareholders updated with developments and our announcements and updates are available on the News section of the Company's website www.tricor- plc.org.uk/news.html. Anyone interested can also subscribe for the Company's email news service.
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 21/2/2013 14:45 by joosepi
OMG Its coming back to life again £480.000.00 to Invest !!!!!!!!!!!!!!1

Tricor 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 04/7/2012 13:11 by joosepi
4th July 2012:
The Government are allowing HMRC to pay for the most expensive Barristers : (Mr Mark Bryant-Heron and Mr George Rowell of Counsel, instructed by the General Counsel and Solicitor to HMRC to name just one team, they use other top name Barristers in all Tribunals) if you read the court document, usually 80 to 140 pages, the Barristers instructed by HMRC make it a hard road for the company (TRIC) to succeed in the appeal, yet not impossible to succeed.

After the initial wins by various companies some years ago, HMRC upped the legal team to make sure the companies lose more often than not. The problem is these companies, because they know they are innocent, go for the fight and walk straight into the Tribunal trap, HMRC spending countless thousands of pounds with the most trained mouthpiece that money can buy. I have read all of the Tribunal transcripts in detail and it is obvious that the Barristers for HMRC just go round and round until hey presto the tribunal judge says "ought to have known" it is so important that Tricor fight fire with fire with their Legal Team.

If the HMRC had PROOF of fraud make NO mistake they would prosecute in a criminal court!!!!

Fraud is a criminal offence!!! Why do HMRC wait for proceedings to be issued against them i.e. It was TRIC that appealed and HMRC is the respondent, instead of HMRC prosecutiing!!!!

In short Tricor have good prospects to be refunded the withheld VAT, with claims for damages/loss of profits available. Thats why this has been dragged out for so long and that is why there have been many delays over the past 6 months... Tricor know they are in the right and HMRC are in the wrong, its a question of whether those who are representing Tricor keep the company proactive in its legal stand against HMRC.

Tricor can win! HMRC have serious concerns as to their unlawful strategy of withholding Tricor's funds and forcing Tricor to take the Tribunal action against HMRC. Many companies who have faced similar actions by HMRC have taken the fight to the Europen Courts Of Justice. The EUCJ have already giving decisions that are against these HMRC unlawful tactics, at 21st June 2012, further decisions are expected from the EUCJ shortly that will overturn the malpractices of HMRC and bring about a refund of Tricor's funds, also opening the way to a claim for damages/loss of profits, by Tricor against HMRC.
ENDS.
Tricor share price data is direct from the London Stock Exchange

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