Tricorn Share Discussion Threads

[escapetohome] 28/5/2021 09:58

Following Yasx tip, and twitter publicity , i decided to stake a small stake here.

Approx £2,000 invested @ 8.125 buy this morning.

[meijiman] 26/5/2021 11:55

If it can get back to previous margins then it should be great turnaround story.

[clocktower] 26/5/2021 09:10

I wish you luck but at the moment it looks more like a ramp to me than a good investment choice. Hopefully for those that are invested in TCN, I am wrong.

[yasx] 26/5/2021 08:58

Pugugly,


Perhaps this has given rise to increased volume, although frankly there is not significant volume save in relative terms. I have been accumulating recently.

hxxps://www.elementaryvalue.com/home/tricorn-plc-tcnl-a-chart-is-worth-a-thousand-words

[pugugly] 26/5/2021 08:23

Far more action today than usual - up 6.5% Tipped somewhere? Any knowledge?

[clocktower] 11/5/2021 18:13

With the small trickle of sells at just above 7p since I last posted, I am surprised that the bid/offer has remained as wide.

Certainly off-putting.

[clocktower] 30/4/2021 10:42

Having had a good look at all the information available and the companies various websites, I do not intend investing at this time in this company but I will keep it on my watch list as I can see that if the new management are successful this could be interesting.

However they have not proved themselves yet imo.

I think the USA business should be disposed of once they put in place firm contracts between the supplying Chinese operation which would befit all parties concerned.

They are spread to thinly in the USA and there are more political risks also, and the assets would be better employed in the UK imo.

Good Luck to those still knee deep or just taking a punt at this early stage and as soon as I see signs of a real turnaround, if it comes, I will join you all, hopefully at under 10p if things do improve.

Until then I can only see the share price sinking back lower on the evidence I have read, I regret to say.

[clocktower] 28/4/2021 11:53

I noticed that in the figures meijiman but I appreciate all the feedback.

[meijiman] 28/4/2021 11:34

China is quite small in the grand scheme of things...it's more a UK/US play. New management and I think new broker as well.

[clocktower] 28/4/2021 11:27

Cheers PUGUGLY. Maybe charo will oblige as well.

Still, I will take a deeper look over the next week or two.

I doubt China will be a problem though.

[pugugly] 28/4/2021 11:16

Possible gainer under Biden's stimulus plan - downside risk might be the Chines plant subject to US/China relations. Have taken a small tickle -

[clocktower] 28/4/2021 11:05

Thanks meiliman - is everyone else of the same opinion?

[meijiman] 28/4/2021 10:52

Don't think anyone has a steer aside from reading the report and accounts and the various RNSs. If not going under then it appeared to have botttomed out and due a modest rise. If it can get its mojo back then should be a 3 bagger from here.

[clocktower] 28/4/2021 10:29

Spotted this due to the drop, so I took a look and saw a lot of faces that I am familiar with - so whats the story here folks?

Recovering or Bust?

I have had a brief look at the last accounts and various RNS and it does not look good to me but seeing it got off its backside a short time ago, I guess some of you have been buying, so I guess are positive for the longer term investor, as many of you are I believe.

Still, I would love your opinions if you don't mind.

[maytrees] 12/4/2021 16:01

Some very small trades seem to affect the share price Eg a small buy at 7p and the offer rises to 7.5sp.
I hold a small no.

[meijiman] 23/2/2021 11:59

Yes..perhaps this good news could be reflected in a more serious rise in the share price
Certainly it looks very cheap for what they have.

[pugugly] 23/2/2021 11:56

Payment protection loan forgiven and converted to grant - Excellent news -

[charo] 23/2/2021 10:49

Fair play to management looks like working socks off to remedy past mistakes.Now change of non execs and rights to shore up finances and reduce influence of major shareholder.

[meijiman] 11/1/2021 11:52

Well it's all very interesting. Could be a solid recovery stock..trades well below NAV.

[pugugly] 11/1/2021 08:25

Clearing the decks for action - However all promotions are internal - Suspect this many be prudent with a small company that is dependent on a limited mumber of very large customers.

[charo] 07/1/2021 13:03

Without a rescue rights no future.Needs new management and board.

[charo] 29/12/2020 14:32

Administration calls.

[meijiman] 04/12/2020 17:41

What about new management?

[charo] 04/12/2020 17:15

The company needs an immediate cash injection of £2million .If all equity 50% dilution to existing holders but better than nothing.
Question how will move to electric vehicles,commercial,agricultural,construction and mining as well as heating g and air management and production affect the business.

[baner] 24/11/2020 19:44

one must wonder what the true position was when the company raised new funds recently? there is no way investors would have put in fresh funds into this had they been correctly informed re the status of the balance sheet at that point in time! no doubt there are reasons to trigger a full investigation into this!!!!