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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Trident Royalties Plc | LSE:TRR | London | Ordinary Share | GB00BF7J2535 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 34.50 | 71,019 | 08:00:14 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 34.00 | 35.00 | 34.50 | 34.50 | 34.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | USD 7.85M | USD -3.68M | USD -0.0126 | -27.38 | 100.5M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:05:18 | O | 8,616 | 34.76 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 25/3/2024 | 07:00 | UK RNS | Trident Royalties PLC Director Share Purchase |
| 22/3/2024 | 07:00 | UK RNS | Trident Royalties PLC Director Share Purchases |
| 19/3/2024 | 20:08 | ALNC |  DIRECTOR DEALINGS: Darktrace strategy chief sells GBP4 million shares |
| 19/3/2024 | 07:00 | UK RNS | Trident Royalties PLC Director Share Purchase |
| 15/3/2024 | 12:10 | ALNC | Trident Royalties welcomes US government loan for lithium project |
| 15/3/2024 | 07:00 | UK RNS | Trident Royalties PLC Thacker Pass: $2.3bn Loan Commitment from DOE |
| 26/2/2024 | 07:00 | UK RNS | Trident Royalties PLC Director Share Purchases |
| 19/2/2024 | 18:57 | ALNC | TRADING UPDATES: Coro seals sale terms, Powerhouse makes good progress |
| 19/2/2024 | 11:05 | ALNC | Trident Royalties secures USD40 million revolving credit facility |
| 19/2/2024 | 07:00 | UK RNS | Trident Royalties PLC Portfolio Update: Sonora Lithium Royalty |
Trident Royalties (TRR) Share Charts1 Year Trident Royalties Chart |
|
1 Month Trident Royalties Chart |
Intraday Trident Royalties Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/4/2024 | 17:33 | Trident Royalties-Exposure to Commodities using royalties | 762 |
| 30/12/2022 | 12:24 | Trident Royalties with charts | 529 |
| 07/10/2020 | 13:03 | Trident Royalties | 35 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:05:19 | 34.76 | 8,616 | 2,994.92 | O |
| 14:28:17 | 34.76 | 900 | 312.84 | O |
| 14:06:32 | 34.68 | 10,000 | 3,467.50 | O |
| 11:57:49 | 34.90 | 20,000 | 6,980.00 | O |
| 10:32:27 | 34.68 | 609 | 211.17 | O |
| Top Posts |
|---|
Posted at 23/4/2024 09:20 by Trident Royalties Daily Update Trident Royalties Plc is listed in the Finance Services sector of the London Stock Exchange with ticker TRR. The last closing price for Trident Royalties was 34.50p.Trident Royalties currently has 291,304,966 shares in issue. The market capitalisation of Trident Royalties is £100,500,213. Trident Royalties has a price to earnings ratio (PE ratio) of -27.38. This morning TRR shares opened at 34.50p |
Posted at 20/4/2024 17:33 by mwj1959 Agreed. Jam tomorrow for a big chunk of the portfolio not sufficient in the current environment to move the share price. One for the (very) patient! |
Posted at 08/4/2024 15:33 by damayhill 888ICB, whilst it's true that the lithium price in 2024 is not of consequence to the TRR bottom line this year or next, it's also true that the future financial modelling has to be based on some assumption (Tamesis use Lithium Carbonate Price US$20,000/t) and it's also true that the current price has settled below that level (if you can call it settling!) for a good five months now.I remain very optimistic about TRR and recently added again, but I'm not sure it's fair to say that the current Li price or p1nkfish's observations about it are irrelevant. |
Posted at 06/4/2024 20:31 by 888icb The lithium price in 2024 is of no consequence to TRR as Lithium America will not be producing lithium until 2026. TRR has never expected income from Li this year or next so not sure why you think your comments are relevant. The Gold royalties and takeoffs are producing income and the current high gold price is likely to be sustained according to many analysts and commentators.The initial production from Thacker Pass is going to General Motors who are their largest shareholder. It will be the case that a minimum lithium price has been agreed to make the project profitable so personally I am comfortable that the Thacker Pass royalty will be a very profitable investment for TRR. |
Posted at 14/3/2024 17:08 by 888icb It is the nature of royalty companies that some of their cash flows are in the future and it has always been the case that Thacker Pass won’t start producing until 2026. However a royalty has a value before it produces cash flow and the value of the Thacker Pass royalty will have just increased substantially on todays derisking of the financing of the project.Fortunately our gold royalties and offtake agreements are producing cash and that will increase with the strong rising gold price. Equinox Gold large new Greenstone mine is about to go into production and TRR has an offtake agreement in place as it does over a number of Equinox Gold mines. Trr also has income producing royalties over copper and iron ore. I imagine TRR will issue an RNS about todays news from Lithium America and Adam will follow that up with interviews to further explain its importance to the value of the Royalty. |
Posted at 02/1/2024 16:52 by 888icb I think the Directors are being judged on the NAV rather than the share price over which they have less control. This extract from the last Simon Thompson article in September explains it:“ Unwarranted share price discount to NAV Trident’s share price is 10 per cent above my 37p entry point (Alpha Research: 'A lowly rated commodity and green energy inflation hedge’, 1 November 2021), but has drifted since my last buy call, at 49p (‘Trident is s smart call on battery metals’, 19 May 2023). From my lens, the 41 per cent share price discount to NAV estimates is completely unwarranted given the diversification of the portfolio, potential to deploy $20mn of Trident’s free cash on further smart acquisitions to further boost future earnings, and the conservative-looking valuations of the group’s existing royalties. The group’s interim results will be released later this month and should bring these dynamics into sharp focus, too. Buy.” |
Posted at 02/1/2024 14:16 by 888icb If I remember correctly the Directors have some big share options but at much higher share prices starting above 50p and rising each year. They have to hit the share price to trigger the options. The Directors are very highly incentivised to to get the share price to £1+. They must be very frustrated at how the market has sent the share price in completely the wrong direction presumably due to lithium prices falling. Lithium is in the future and has no effect on current income so it’s perverse for the market to down value the company based on assets that won’t produce income for another two years. The gold royalties should produce even better this year than last year. Let’s hope todays 9% rise is the start of the rerate. |
Posted at 31/12/2023 09:44 by pogue Write up by Oakbloke on substackPart of the article.... The share price has dropped a third this year on negative sentiment to Lithium. But 59% isn’t Lithium - and given that all the 41% Lithium are NON PRODUCING (yet) then the 1/3 reduction in the share price is even more insane! In fact, almost the same proportion (37%) as lithium is gold which is currently near record highs!! Most of the gold holdings aren’t royalties but instead are offtakes. It’s worth understanding what an “offtake&rdquo The offtake portfolio generated US$6.1m of revenue for Trident during 2022 and is expected to grow significantly over the coming years. For example, if you are a Gold Miner who has an offtake agreement with me. Let’s say Gold increases from $2000 to $2100 next week. The offtake gives me the right to buy 35%-100% of your gold at $2000 and sell it at today’s market rate = $2100. If you’re producing 1,000 ounces every week, and it’s a 100% offtake, I’ve just skimmed ($100x1000) so $0.1m from you….. in the space of a week. If gold drops the following week back to $2,000 I simply don’t buy any. Conclusion: Trident is an excellent opportunity to buy and have less risky exposure to minerals markets. It is low risk and a great way to take advantage of net zero trends without mining risk. A great complement to the likes of Power Metal. |
Posted at 09/11/2023 12:50 by kaos3 the more i read, appearing of a poster pointing to the circle deals, the brutal over paying Adam at the beginning without tangible results first, maybe overpaying or paying full price lately, troubles with being small /expensive bank loans/, low NAV valuation for further deals, unripe portfoglio etc ... the more i go hmmmmmmand then i look at the share price - if share price agrees, confirms..... will wait and observe |
Posted at 07/11/2023 11:07 by carcosa GM is the largest shareholder in Lithium Americas. It has already been stated they will obtain lithium at below market prices (both from GM themselves and a reply to my question during an online presentation with TRR).Substantial lithium production is years away and 100% of the processed lithium initial production is going to GM. Since TRR are not providing a good dividend yet then the most logical way to value TRR is on a NPV basis. If I use a discount rate of 9% then I get a share price pretty much where it is now; and that is before adding a risk rate but assuming the $22m buyback is utilised. Should interest rates decline next year then a good increase in the share price can be expected (as with many other shares). So around the 25-30p could provide a useful entry point. |
Posted at 02/8/2023 03:12 by 1knocker The steam has gone out of the TRR share price of late. We just have to be patient (I hope). |
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