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
  1.00 2.5% 41.00 1,397,221 16:35:11
Bid Price Offer Price High Price Low Price Open Price
39.00 41.00 40.50 39.00 39.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals -0.69 -3.13 73
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:11 O 137,000 39.296 GBX

Trident Royalties (TRR) Latest News (7)

More Trident Royalties News
Trident Royalties Investors    Trident Royalties Takeover Rumours

Trident Royalties (TRR) Discussions and Chat

Trident Royalties Forums and Chat

Date Time Title Posts
18/6/202108:41Trident Royalties with charts126
07/10/202013:03Trident Royalties35

Add a New Thread

Trident Royalties (TRR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-18 16:15:0039.30137,00053,835.52O
2021-06-18 15:35:1141.005,0002,050.00UT
2021-06-18 15:01:3440.80500,000204,000.00O
2021-06-18 15:01:0540.0212,4854,996.50O
2021-06-18 15:00:1940.157,8713,160.21O
View all Trident Royalties trades in real-time

Trident Royalties (TRR) Top Chat Posts

Trident Royalties Daily Update: Trident Royalties Plc is listed in the Industrial Metals sector of the London Stock Exchange with ticker TRR. The last closing price for Trident Royalties was 40p.
Trident Royalties Plc has a 4 week average price of 36.50p and a 12 week average price of 31.50p.
The 1 year high share price is 44.50p while the 1 year low share price is currently 19p.
There are currently 178,102,362 shares in issue and the average daily traded volume is 212,133 shares. The market capitalisation of Trident Royalties Plc is £73,021,968.42.
r2oo: I do like that they have regular positive RNS. Just what you need from a royalty company with many different investments.The good news pipeline will certainly expand the exposure of TRR to the wider market.
bogotatrader: Directors and founders deserve their remuneration for building the company from scratch to a decent size portfolio within a year and also for doubling the share price with the shares still looking cheap. When critical mass is reached in due course with dividend payments starting the shares will be at an inflection point and the price will rocket...but will be a lot higher by the time that happens. Carry on the good work Trident Board and Directors...
bogotatrader: Basel 3 effect on Gold price -
the deacon: There's two generating cash for TRR right now. Koolyanobbing and Mimbula. Koolyanobbing has been quite erratic, as Mine Res are mining multiple areas, so it isn't clear what the outlook is for TRR's deception pit royalty on a quarter by quarter basis. Moxico are ramping up production at Mimbula. At the moment the payment schedule states that the minimum payment is US$250k per quarter for 2021, rising to $500k next year. Warrawoona is probably 18 months or so away from production. I'd estimate that TRR are looking at up to US$2.5m in revenue this year, all things being equal. That obviously cold change if they add more cashflowing royalties. Future assets would be either purchased outright, a mix of equity or through a debt facility.
rogerramjett: I have seen the annual report for the last financial year but how does the revenue look currently. Quite interested here as a long term hold and recurring revenues. Particularly in the commodities sector which may be going into a supercycle. Seems like a low risk hedge against the market and a way to have a toe in multiple commodities. How many projects are actually producing revenues? How many are imminently coming online and will add to the annual royalties. I expect whatever revenue is achieved annually the margin before tax must be fairly high as TRR cannot have significant operating expenses ? Where does capital come from to purchase further royalties ? Thanks for any help and direction
r2oo: Good trading update today, should give the share price a nice boost over the coming weeks.
r2oo: I have a limit buy order in place at 37p Trying my best to be patient and not succumb to the fomo!Let the price come to you as the great investors say.Trouble is some more regular good news and It could pop and we'd never see these prices again.A part of me also thinks does a few pence matter if Im willing to hold this for 10 years plus. Which is always my investment strategy???
bogotatrader: Good presentation from Adam earlier - he deserves the salary he is on for the Lithium royalty on its own. Fixed salary costs will broadly be static from now on with a marginal increase if they bring some outsourced activities is not far from critical mass and this is when the share price should go ballistic up by 500% or so...£2 written on by then and this is without further commodity price increases
the skipper: Further to my post yesterday I have now obtained a copy of Shard’s research note. It runs to 34 pages so I can’t post it all on here but here’s their summary: “Spearing value in the diversified royalty space Trident Royalties plc is a relatively new royalty and streaming company focused on building a diversified portfolio of royalty assets to broadly mirror the mining sector. Unlike the majority of other royalty companies which are focused on gold/silver in the Americas, Trident’s aim is to unearth value with low-cost acquisitions across multiple commodities in tier 1 and lower risk mining jurisdictions. Acquisition of the Pukaqaqa royalty marks the 6th transaction since listing on AIM in June 2020 reflecting the company’s fast-paced growth strategy. * Reflect the sector. Trident's aim is to construct a portfolio that broadly mirrors the commodity exposure of the mining sector. This is in stark contrast to the majority of North American-listed royalty peers that are focused on Au/Ag in North and Latin America. Trident has a substantial pipeline of transaction opportunities with numerous NDAs covering base, precious, bulks, battery and industrial metals spread throughout Australia, Europe, Africa, North and Latin America. Opportunities are primarily focused on Tier 1 mining jurisdictions and lower-risk emerging markets. We calculate that c.83% of all revenue generated by royalty companies in our database last year was attributable solely to precious metals and so Trident has an unrivalled opportunity to become the go-to diversified royalty platform. * Unearthing value. With a broader investment mandate, Trident can target attractive small to mid-sized transactions in the royalty space which are often overlooked in a sector dominated by large players, who struggle to source new deals of sufficient scale to move the needle. Trident can be fleet of foot and we see compelling opportunities for the company in Australia, Africa and Europe over a wide range of commodities. *Disciplined growth. The royalty/streaming model has the entire mining sector to play within and as we have discovered, it’s a bit of wormhole. The upfront payment model of royalties means that how much to pay or what not to invest in, are equally important considerations. It’s about casting a wide search net, relentless DD, disciplined capital allocation and being cognizant of equity dilution. Trident’s approach is reassuringly restrained. The company’s acquisitions to date have all had low valuation entry points and careful allocation of cash or equity. This is in contrast to some of the punchy recent transactions in the royalty space. * Positioned for the big build. Trident has secured two immediately cash generative royalty assets. With cash already flowing and low overhead costs, the company is well funded to deploy its cash and mandated debt facility to build the portfolio towards critical mass. We expect steady news flow with each new royalty acquisition providing an opportunity for a value re-rating. Already, TRR’s share price is up 100% since IPO in June 2020. *Leveraging the “A” team or more aptly the “PE” team considering the strong mining private equity credentials and track record of Trident’s board and management. Deep industry knowledge and connections along with the ability to view deals from a PE perspective are fundamental prerequisites that give Trident the edge to source and execute on high quality and low-entry valuation transactions. * Valuation. We initiate on Trident with a 47p/sh short-term target price backed by an all-in NAV of $54.6m. Our TP is based on a weighted blend of NAV and a forward EV/EBITDA multiple. Our valuation implies that Trident is currently trading at 1.12x NAV, whereas we see more established mid-tier royalty peers trading at 1.5x-2.0x NAV. Our NAV represents a snapshot based on Trident’s current portfolio and we see considerable potential for value accretion as the company presses ahead with building multiple layers of long-life diversified royalties. Any increase in commodity prices would also produce a material boost. If we plug in flat-forward spot metal prices in lieu of our LT forecast, our TP would be 67p/sh. * Trident is superbly positioned to exploit the gap in the royalty/streaming space. With producing cash-generative royalties already under its belt and an active pipeline of new opportunities, Trident is firmly pursuing an aggressive yet disciplined growth trajectory. Scale will bring higher royalty income, increased diversity and lower risk, the convergence of which should help unlock premium valuation multiples. In the current volatile markets, picking individual mining equities is challenging but Trident offers ground-floor entry into what looks likely to become a major royalty player in London. We have analysed the evolution of royalty peers and investing early appears to be the key. We see TRR’s current share price and value as unchallenging versus peers given the company is already a significant revenue generator.“
thomscm2: I thought it was noticeable that prior to Adam Davidson giving his presentation talk that the share price went up without any great number of shares being bought. Thereafter the share price reduced. Likewise. Thoughts please.
Trident Royalties share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Trident Ro..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210619 06:40:49