Tricor Share Discussion Threads

[inside2] 14/10/2013 09:10

The EU hates the UK, simple as that. We must get out.

[2trying] 13/10/2013 17:33

Genuinely frightening .

The French of course don't put up with this , but we're
about to be forced to accept more parasites.

It has to stop .

Now .

[inside2] 13/10/2013 13:53

Read this and weep. Unbelievable.

[2trying] 11/10/2013 22:11

Play the video !! Have to change hxxp to http of course !

hxxp://blogs.spectator.co.uk/steerpike/2013/10/further-proof-that-politicians-can-occasionally-be-funny/

[2trying] 11/10/2013 00:46

Quick chuckle here from GF .

Talking about Sally Bercow .

What warning signs should she display ?

So far we have......


this way up
open other end
suitable for wide loads
keep clear – entrance in constant use
slippery when wet

Reply
Maybe missed says:
October 10, 2013 at 5:48 pm
This area is under 24 hour video surveillance

HSE says:
October 10, 2013 at 5:54 pm
Toxic environment : Wear protection.

Risk of trapped hands.

Head Office says:
October 10, 2013 at 5:56 pm
All visitors must report to reception.

Andy Burnham says:
October 10, 2013 at 5:58 pm
Biohazard

John Barecow says:
October 10, 2013 at 6:04 pm
"Irritant"

John Barecow says:
October 10, 2013 at 6:05 pm
Caution – Men working overhead

Dame Judie's Stench says:
October 10, 2013 at 6:09 pm
Maximum occupancy 4 persons

Bilda Berger says:
October 10, 2013 at 7:48 pm
Insert Tab A in Slot B, taking care not to force it.

Jul!an Cleary! says:
October 10, 2013 at 8:16 pm
Men Wanted.

Gorgeous bird watcher says:
October 10, 2013 at 10:01 pm
Insert here

Checkout girl says:
October 11, 2013 at 12:12 am
Best by: 23.11.85.

Lord Rothermere says:
October 11, 2013 at 12:21 am
Trademen's entrance at rear

[inside2] 01/10/2013 11:53

Good to see the blue.

[inside2] 28/9/2013 08:45

Correct judgement from the court 2trying.

[2trying] 27/9/2013 23:41

And another little chuckle from GF regarding global warming....


Well a higher TV tax would be the BBC's solution.

Raise the TV tax to £10,000 a year and that way you can't afford to go out or on holiday, hence your carbon footprint drops AND the BBC get to brainwash you even more.

Win win all round.

[2trying] 27/9/2013 19:46

Excellent .
(Must read it all and watch videos !)

[2trying] 09/9/2013 00:14

And -

We note that France has a few questions ,
before they join the USA in attacking Syria .

Please Mr Obama , tell us the French position .

1 - when do we surrender ?
2 - who do we surrender to ?
3 - when do we start collaberating ?
4 - when do we get some money ?
5 - when do we blame it all on the British ?
6 - honestly Mr Obama , when can Germany invade us next
because it's the only thing that can help our economy ?
7 - if we can reach an agreement with Spain , so that we get the Channel
Islands , Spain gets Gibraltar , will you help us send all our immigrants
to Britain ?

[2trying] 08/9/2013 19:53

Yes UKM it is an interesting thread .

We talk about Tricor , music and politics .

And on the subject of politics , let's check out GF today .



Sundip Meghani ‏@Sundip 14h

There was an MP named Teather;
CV as light as a feather;
With students to please;
She tripled their fees;
And quit at the sight of bad weather.

55Ever hopeful says:
September 8, 2013 at 12:34 pm

Sigh.

Checked the obituary columns yet again, and still no Anthony Charles Lynton Blair (born 6 May 1953) listed.

Maybe tomorrow.

[ukmassy] 08/9/2013 12:18

This thread is like an alternative dimension.

[joosepi] 07/9/2013 23:18

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

[joosepi] 07/9/2013 17:13

No just our stalking Jacky with a stalk on LOL

[inside2] 06/9/2013 18:37

Fingers crosses joosepi and how about this, while we wait, from two of the coolest guys on the planet?

[joosepi] 06/9/2013 13:55

6 September 2013
Tricor plc ("the Company" or "Tricor")
FY 2012 Results – A challenging year in which great progress was achieved
Following a challenging year in which Tricor, with the support of its creditors and shareholders, was left with no option other than to file for a Creditors Voluntary Arrangement ("CVA"), the Company has emerged as a rejuvenated, financially stable business with a range of investments in exciting, scalable businesses that offer high growth potential.
Following the CVA, the Company was able to raise gross proceeds of £980,000, which facilitated its investment in Tricor Environmental Pte Ltd ("TEPL"), Tricor Minerals Pte Ltd ("TM") and Tricor Resources Trading Pte Ltd ("TRT"). The combination of the CVA and the subsequent fundraises left Tricor with liabilities of less than £120,000.
The Company's recent investments, TEPL, TM and TRT, are all focused on excavating and trading sand and iron sand (which is sand with a very high iron content) on two concession areas, which the Company has exclusive access to for a five‐year period, in the Zambales region of the Philippines. The sites are strategically well located given their proximity to high demand local markets and international shipping routes that provide access to international markets.
TEPL, which is 100 per cent owned by Tricor, excavates and trades sand, selling to the nearby Singapore market, which is forecast to continue to be a substantial buyer of sand until at least 2030. Chahaya Shipping and Trading Co Pte Ltd is TEPL's strategic partner. Operations commenced in mid‐March 2013, with 113,000 metric tonnes ("mt") of sand sold, generating revenue of £207,000. TEPL's business became fully operational in April 2013 and in April and May combined, volumes increased significantly, with over 800,000 mt of sand sold. As expected, the business wound down during the monsoon season – usually from July to October – as, during that time, conditions make it difficult to load sand onto barges, with resumption of activity expected to commence in late October or early November.
TM, which is 72 per cent owned by Tricor, processes and trades iron sand, which is used as an input material in the steelmaking industry. TM is constructing an iron sand processing plant at its site at Porac in Zambales that is expected to have annual output of 200,000 mt and be production ready by the end of October 2013. TM has a five‐year supply agreement with its strategic partner KGGD Pte Ltd ("KGGD"), whereby KGGD will purchase all iron sand that TM produces.
Whereas trading sand is a simple, cash generative but low margin venture, trading iron sand is a business with very high margin potential. As both TEPL and TM operate from exactly the same concession sites (where Tricor has exclusive access to two jetties, each capable of handling 750,000 mt of sand per month) the Company has the option to flex operations between its two businesses in order to maximise profits. Both businesses, which are adequately funded, are highly scalable. The opportunity exists to increase output for sand and iron sand at the 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 sites.