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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Trinity Capital | TRC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.725 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.725 |
| Top Posts |
|---|
Posted at 18/7/2017 17:22 by flyfisher The original co investor with TRC in the mk malls project is in realization mode and is selling funds. Blackstone being the proposed purchaser.''The latest moves by Blackstone, the most influential real estate investor globally, carries the potential to trigger secondaries market for real estate investments that are stuck.'' hxxp://timesofindia. |
Posted at 16/8/2013 15:20 by smithie6 BTW OCH which the dirs. had dubious conduct... large list of institucional investors...but from 2006-2007 when property sector in Eastern Europe looked like a good investment... its not a gtee |
Posted at 11/9/2012 14:51 by praipus 154% potential rise from the TRC buy price to NAV feels good and the following from the accounts brings on a cigar purchasing frame of mind but as we will see the makets can and will do anything."In March 2009, shareholders voted to change Trinity's investment policy by requiring the company to gradually dispose of its assets over time and return capital to investors." From note 1 of the accounts. |
Posted at 24/11/2009 19:10 by rbcrbc I missed that bit - thanks....During the last two years, the Company has developed an important partnership with SachsenFonds Asset Management GmbH ("SachsenFonds"), a leading German fund manager. In 2007 and 2008, SachsenFonds completed the launch of two India-focused closed end real estate funds in Germany which acquired significant interests in TTC's assets. During the last financial year, the second SachsenFonds vehicle acquired assets for GBP54.3 million from TTC, crystallising a gain of GBP16.5 million over cost for the Company. Although the Company announced that it intended to sell further assets to a third fund launched by SachsenFonds, the vehicle failed to complete its capital raising and that new fund is, to all intents and purposes, dead. TTC had invested GBP26 million in companies in India (shortly after the collapse of Lehman Brothers) in anticipation of selling a significant portion of some of those assets to the third SachsenFonds vehicle. Despite this disappointment, SachsenFonds remains an important partner for TTC, having invested, in aggregate, over GBP86.4 million in TTC assets and the Company retains certain contingent liabilities towards SachsenFonds. We intend to engage more closely with SachsenFonds in the coming months with a view to maximising potential returns for both TTC's and SachsenFonds' investors. |
Posted at 10/11/2009 11:54 by rbcrbc Resolution 7 THAT the Investment Policy of the Company as determined at the Extraordinary General Meeting held 24 March 2009 as detailed below be approved:"The Company shall promptly but having due regard to all applicable legal, governmental and regulatory restraints and with a view to maximising Shareholder value dispose of all of its existing assets in an orderly fashion. If the Company's Ordinary Shares are trading at a price below the NAV per Ordinary Share, the Company shall immediately effect a return of capital through a cash distribution to Shareholders. The Company shall continue to seek new investment opportunities. If the Company's Ordinary Shares are trading at a price above the NAV per Ordinary Share, the Board will selectively determine, on a periodic basis, whether or not to make new investments." and from the prelims 29th Sept: At 31 March 2009, the Company held 60 million in cash. Of this amount, 13.2 million was held as a reserve against investment commitments and approvals. Since the end of March, the Company has distributed 12 million through the repurchase of 21,367,702 shares, equivalent to 9.2% of TTC's share capital before the buyback commenced. The Board has authority to purchase and cancel up to 70% of the Company's ordinary shares through a general share buy-back or tender offer(s). The Board will consider the most appropriate methods of distributing cash taking into account the views of shareholders. 60-13.2-12=34.8m 210,432,498 ordinary shares in issue. 16.5p per share available cash. I guess we should see a tender, buyback or special dividend soon..... |
Posted at 12/10/2009 10:11 by mark1000 DCOMThe point is that QVT have sold only a smallish part of their holding - of course they are unlikely to bid to buy the Company now they are selling down although surely they must have given this some consideration. They probably find themselves in the same position as we do but under much greater pressure a share drifting down in a market rising strongly as fund managers their investors cannot be happy with this short term performance but like us they know good returns are available for those who are prepared to wait. So they are tinkering around releasing some cash (may be internal cashflow requirement) but essentially still very much long and strong as I see it. |
Posted at 09/10/2009 11:38 by mark1000 dcomd99 Patience the AGM is in November see RNS - all will be revealed I am sure we will hear more about the distribution of the next tranche - they may even be able to distribute the full GBP 88M before 31st March 2010 I guess the best way would be by way of tender say 84p per share with say one share being bought for every two held. The remaining shares should then have a NAV of say 142p may be even higher when the results for 31/03/10 get published. It is certainly not a 10 bagger but I think good for 30% a year for the next three years for many investors this return would just not be acceptable. |
Posted at 29/9/2009 08:40 by grahamg8 Massive read in the results. No news on how the distribution is going to be made, just a hint that up to 70% of the shares can be bought through a tender offer. However still committed to distribute £100m within 24 months of March 2009, presumably the £12m spent on share purchases so far form part of this. Pipavav now in the books at 47 Rupees per share vs 58 Rupee IPO price so that's a profit waiting to be realised. There seems to be no tie in post IPO and seen as a realisation opportunity. IL&FS going down the same route with Red Herring prospectus out any day and IPO to follow.Patient investors look like being rewarded by near 100% gain to come in the next 18 months - £88m divided by 210,682,298 shares =42pps. The impatient will presumably sell up and move on. Share dip followed by steady rise? EDIT: The 'gain' is a bit illusory as it comes from the assets, but NAV is 113pps so if you take out 42pps and there is no share price reaction we would have a new share price of 13p (based on 55pps now) and assets of 71pps. With the same discount to NAV of 51% the share price should rise to 34pps so the gain on this basis would be 21pps over the next 18 months, with more to come from assets yet to be realised and the discount gap should ultimately disappear as all the projects get sold off. |
Posted at 23/6/2009 11:28 by papy02 I see today's buyback transaction RNS shows an incorrect number of shares-in-issue-rema |
Posted at 27/5/2009 11:13 by grahamg8 What I meant was that they had put a limit on price and number of shares in the period 27 May to 27 July. What happens after then could look quite different and will depend on their view of any new NAV value, progress on disposals, and any announcement of a cash return other than buying yet more shares. The share buy back could of course simply be extended (or be part of the ongoing plans) with a new quantity, price and time limit. The share price could easily rise above 60p during June/July as leaks begin to occur or investors take a punt on maintaining the NAV and a restatement of the pace of disposal/cash return. |
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