Tricorn Share Discussion Threads

[john148] 13/9/2021 21:46

Disappointing day. IMO BOD didn't have the will to continue. Maybe they got distracted looking for new jobs ?

[rog im out] 19/8/2021 15:56

Notice of Intention to Appoint Administrators and Resignation of Nomad

 Board intends to appoint administrators within 10 business days. 

Arden Partners plc has resigned as Nominated Adviser and Broker, respectively, to Tricorn with immediate effect.

 

[ana227] 18/8/2021 20:12

It is disappointing to hear and after 20 years of being listed it's a sad state of affairs. Who is at fault? We can all play this game and ultimately as investors we take risks and look upon the BOD as being credible. The failings here suggests it's much deeper than covid and perhaps our trust in BOD needs a look in. The new management appear to be the existing ageing management plus Phils replacement. The new FD then becomes both FD/CEO when Mike leaves, not wise (imo) as financial control were lost and never regained and operational efficiencies never materialised. At least we know he is good with words, pity there is no strength behind this.

[clocktower] 18/8/2021 09:18

RIP. Are the BOD responsible for this demise or was it circumstances? If they were responsible let us hope they do do profit from the downfall of the PLC.

[arthur_lame_stocks] 18/8/2021 08:55

Yes it's clearly a total wipeout for shareholders.

[clocktower] 18/8/2021 07:42

From todays RNS it suggests to me that investors can say good bye to holding out any hopes of being able to be in receipt of any funds from the sale or liquidation, as the case maybe.

[ana227] 06/8/2021 00:21

Interesting turn of events. Strong contenders behind this Group. Looking at the results again, the sales projection looks good and with an IDF facility cash should be immediate (less of course any restrictions), yet they continue to struggle on this. I think we have some window dressing going on and I'm sure any bidders will do their DD.

[clocktower] 28/7/2021 14:38

My guess is that they have a plan in place but issued the RNS to show they have publicised the problems and just in case someone else came forward to make an offer for part of the business before they pull it off the market and liquidate it, if there is is nothing left for current stakeholders after all debts are re-payed or some forgiven maybe.

[meijiman] 28/7/2021 08:05

Don't understand why that RNS was needed. Could be an attempt to drive the share price down to take it private?

[sweepie2] 28/7/2021 07:59

Turned into a bit of a horror show, has this got a entry price or has it turned into a slow motion car wreck?

[rog im out] 22/7/2021 05:20

Well as to the NEW CEO AND New management team questions should be asked definitely not a clue how a business should be run they have run it into the ground.
Definitely not worth 4p

[clocktower] 21/7/2021 09:48

The ramp never worked sufficiently to provide the opportunity for someone to unload a lot of shares or make a quick buck. At least the company are doing the right thing now but is it even worth 4p a share?

[ana227] 30/6/2021 23:31

It's odd there was a big spike in shares recently and with Peter reducing his it indicated some positives.I'm not sure now as the weaknesses seem crippling IBR audits despite the government backed loans and PPP, the latter being indicated to be forgiven in due course. Does no one else find it odd that there is no segregation between Group FD and CEO? Is this not crippling in itself? Was hoping to see where their H1 is before deciding my move but saw they are taking advantage of the additional month

[john148] 30/6/2021 22:20

I've been a holder for several years but I fear this company is going down the tube.

[rog im out] 30/6/2021 11:41

Tricorn Group PLC - pipe manufacturer based in Malvern, Worcestershire - Considering funding options, as borrowing facilities alone will not be enough to provide it with necessary cash to return to profitable cash generation. Swings to pretax loss in 18 months to September 30, 2020 of GBP7.7 million from GBP950,000 profit in financial 2019. Revenue for the same period grows 11% to GBP25.4 million in the 18-month period from GBP22.8 million in the 12-month comparison.

[sweepie2] 30/6/2021 10:11

Bit of a basket cash currently but outlook was abit better in stating that there are early signs that revenue could improve to pre pandemic levels, too early and risky to buy in currently imo

[rog im out] 30/6/2021 08:17

Doors closed had a couple of tips about what was on the cards for tricorn.
Massive debt.
Orders down.
Try and get back what you can ASAP.

[escapetohome] 30/6/2021 08:07

Ive reduced my holding , but kept some.

No problem in selling, perhaps someone likes them at this price?

[escapetohome] 30/6/2021 07:59

While the Group is currently operating within its borrowing facilities, these facilities alone will not provide the Group with the necessary cash to make the required investment to deliver the strategy and return the Group to profitable cash generation. There are a number of funding options available to the group which are currently being considered by management. The Group's bankers continue to remain supportive during this period.

[clocktower] 30/6/2021 07:57

As I suspected, only the Chinese business is really worth a light, the rest is trash. The statements in the accounts suggest to me that there should possibly be a criminal investigation launched, with the auditors saying what they have.

As you say PUGUGLY, just the odd ray of hope but the prospects are low without a massive cash injection, and at what price.

Good luck though if your hanging on in. One to cross off my watch list now.

So much for the recent tipsters.

[escapetohome] 30/6/2021 07:51

Not a very nice morning, it looks like Peter was right to be selling.

One for the long term drawer?

[pugugly] 30/6/2021 06:35

Report out -

Company in BIG trouble - Probably too small to survive in these troubled times - Need to raise more funds - Success uncertain - Looks ripe for the vultures (imo) but likely to be a very severes haircut - (imo)
Hope I am wrong
Only ray of light might be 12 month (calcuated from 18 month figure) is in region of £16M (e&oe)
Only question is by how much will it be marked down.

[escapetohome] 08/6/2021 12:40

Another slight tick up.

This is all very very pleasing.

I had another top up this morning .

Thankyou Peter for the opportunity to buy in.

Thanks to Yasx for highlighting this share and promoting it on Twitter.

[escapetohome] 01/6/2021 09:24

Up a slight tick, which is a very pleasing start.