Trident Royalties Share Discussion Threads

[rackersthedon] 11/9/2024 13:16

take a look at ANP

its on the up with some good numbers today ;-)

[1knocker] 04/9/2024 09:22

It is all action. Tritax Eurobox (Segro shares) and Balanced Commercial Property (cash) have announced takeovers today and I hold both of them, as well as Trident. It seems that the market has decided that it is time that I went cash heavy and /or re-thought my portfolio.

I can't see much that is compelling, and have more cash in the portfolio than usual even before the takeovers go through. Just at present, I would not be complaining if the market had a gloomy 4th quarter to throw up some attractive buys!

[wbodger] 30/8/2024 17:58

29/08 RNS: Scheme Sanctioned.

"The Scheme will become Effective upon the delivery of a copy of the Court Order to the Registrar of Companies, which is expected to occur on 2 September 2024. There has been no change to the expected timetable of principal events for the Acquisition set out in the announcement made by Trident on 17 July 2024 and as repeated in the announcement made on 26 July."

Ie Suspended on Tuesday morning. Payment within 14 days.

GLA.

[wbodger] 26/7/2024 13:47

RNS ... Results of Court Meeting and General Meeting


Expected Effective Date September 2. Suspension of trading TRR shares before market opening that day. Settlement cash credited within 14 days.

(Full updated timetable is in RNS.)

[nickelmer] 18/7/2024 10:14

Agreed, the gain in price based on the time schedule, is greater than the interest on the cash if you sell now, so may as well wait just in case shareholders demand a higher price at the vote

[donald pond] 18/7/2024 08:15

With gold and silver strong the next quarterly figures due before month end should highlight how cheaply this is being sold. Whether that changes anything is debatable but I'm holding on to see how this pans out

[nickelmer] 17/7/2024 14:59

Strange that someone has built up a stake of over 5% when everyone else seems to be selling and voting to agree the offer, what if they do not reach 75% agreed votes and a counter offer arrives......

[laurence llewelyn binliner] 13/7/2024 08:03

#1Knocker, I was waiting for the maiden dividend to buy in and did not quite get a foot in the door.. :o)

[1knocker] 12/7/2024 20:06

i bought this as a long term hold. I liked the management, and thought they would build the business and look to having some of their more speculative investments contributing revenue before looking for an exit. I even looked forward to the day a dividend would be paid .....

i am not so chuffed with the management now.

I shall come out ahead, but it grieves me that having sold my entire holding a while back at 58 because the share price seemed to be getting ahead of events I bought back pretty quickly at 58 (much too quickly in the event - i subsequently topped up at 31), contenting myself with a small profit on the turn as I regarded the holding as a LTH rather than a trading play.

So much for the LTH.

I really feel for anyone who bought in the 50s and is going to be exiting at a loss.

[wbodger] 05/7/2024 08:16

Publication of Scheme Document. Court date July 26 three weeks from today, to permit Scheme to be put to shareholders. Longstop Date October 31 (was to be September 30, which would have been pushing it).

Timetable is in the Scheme Document which is here:
hxxps://tridentroyalties.com/recommended-offer

[nickelmer] 20/6/2024 08:19

Big volumes most days, begs the question, who is buying all that stock, the Aussie bidder??

[zho] 18/6/2024 08:53

Is the Trident Royalties bid good for shareholders?

The commodity royalty group is being bid for by an Australian rival

[sword77] 17/6/2024 14:38

@Robsy because I don't want to have a majority exposure to iron ore. If I would want that, I would just buy LIF:



They have no management, means all income goes via dividends straight to shareholders.

[pogue] 17/6/2024 12:10

swanvesta
the potential in TRR is the thing. 22 assets that hopefully will all contribute at some point the most obvious is Thacker Pass. I would rather the undervalued TRR in my portfolio that will have large gains in the future.

[robsy2] 17/6/2024 11:31

Why don’t we all buy Deterra stock?

[swanvesta] 17/6/2024 10:50

pogue, they have some cracking royalties. I'm sure you'll agree the number is less relevant than the quality.

[swanvesta] 17/6/2024 10:49

Goes to show how different views can be. Common theme seems to be "shareholders get shafted". Can't be true on both sides in this case though surely.

I'm not sure Adam has done too badly for shareholders here, though maybe looking after his own future at the same time. Deterra seem to have been under some pressure either to add value to their portfolio or to cut their disproportionate overheads. Unsurprisingly it seems they chose the former.

More on the deal here from Money of Mine:

[pogue] 17/6/2024 07:39

They have 6 royalties TRR have 21! They are getting a bargain and vastly increasing their portfolio!

[sword77] 17/6/2024 06:45

With a 50% dividend cut, of course they are not happy. But they always knew,
that this day would come....

[swanvesta] 17/6/2024 05:42

Deterra shareholders don't seem very happy either! (Though I'm not sure they understand how to value what they're getting, esp Thacker Pass.)

[jammytass] 16/6/2024 15:25

sometimes you gota keep your powder dry!!! at this bargain price it will flag up to a few !!

[pogue] 16/6/2024 15:15

They have been trying to sell it for a few months why do you think there is another bidder that they don’t know about?

[jammytass] 16/6/2024 12:55

a counter bid on the cards, this is a very low ball offer

[1knocker] 16/6/2024 11:23

I bought this for the long term, putting faith in what appeared to me to be a very strong management team which I thought really understood the sector.

I was half right. The management team has built up a decent little company, and is selling out for lucrative positions in the buyer company. They do indeed understand how to profit in this sector .....

I shall come out ahead (just) but I kick myself that after I sold my entire holding at 58 i then bought back shortly afterwards at 56. At the time i congratulated myself on a quick turn to get my cost of capital committed down. Now i see that i threw away most of my profit. A reminder not to count my chickens.

[robsy2] 15/6/2024 08:07

A point well made 888. Adam should extract more for us all.