Share Name Share Symbol Market Type Share ISIN Share Description
Trinity Capital LSE:TRC London Ordinary Share GB00B0ZL5243 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.7125p 0.625p 0.80p 0.7375p 0.7125p 0.7375p 0 08:00:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 -8.5 -3.3 - 1.50

Trikona Trinity Capital Share Discussion Threads

Showing 1226 to 1249 of 1250 messages
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DateSubjectAuthorDiscuss
27/7/2017
12:42
It does seem though that TRC were willing sellers at a level above 21% but probably well below 70% from the narrative of the interims. 'Over a year ago, a sale of the CCPS to a potential buyer was negotiated at a discount to face value that reflected various risks, including potential issues in enforcing TC-10's rights in India. Although sales documentation has been agreed between TC-10 and the buyer, financing has yet to materialise. Consequently, TCML is seeking alternative buyers of the CCPS while evaluating its legal rights. The carrying value of the investment in MK Malls is based upon the negotiated sale price, adjusted to reflect the possible delays and risks in completing the transaction.'
cockerhoop
27/7/2017
12:30
No, it has been in place for a couple of years. Also of note is that dynamix hold their ROCCPS at 70% of cost, whereas TRC hold their CCPS at 21% of cost. And dynamix declare their stake to be fully recoverable.
flyfisher
27/7/2017
12:02
Interesting - is the loan a new development? TRC previously reported a buyer for TC10 but with no funding. Potential squaring of the circle?
cockerhoop
27/7/2017
11:36
Looking at the accounts of dynamix balwas, the developer of the DB BKC project in which TRC is jointly invested through TC10. I note that Dynamix have pledged their holding in the DB BKC project for a loan to the value of £9m, which is not drawn, so they have the facility to buy in the CCPS if they so wish. Perhaps the legal action is a tool to speed them up?
flyfisher
27/7/2017
09:07
Great work, flyfisher
cockerhoop
27/7/2017
07:33
An internet search shows that TC10 is taking legal action against DB BKC realtors with atlas law partners.
flyfisher
18/7/2017
17:22
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.indiatimes.com/business/india-business/blackstone-bids-for-ilfs-realty-fund-assets/articleshow/59585762.cms
flyfisher
18/7/2017
10:38
Thanks, you have a pm.
flyfisher
18/7/2017
09:54
I think Lars Bader is up to 19% flyfisher hTTps://www.investegate.co.uk/trinity-capital--trc-/rns/holding-s--in-company/201612071009121956R/
cockerhoop
18/7/2017
09:40
QVT were reported as having 23.4% and Lars Bader is the portfolio manager at QVT. Lars has a direct holding of 17.2%, so about 40% in total is controlled by him.
flyfisher
03/1/2017
14:39
Cheers guys
alexios1201
01/1/2017
23:31
Hi Papy02, Fairly straightforward in that as of 30th Sept 2016 the 3 investments had a value of £11.2m with TC-1 & TC-5 being sold for £8.7m and the company saying that the sale price was the value used for the half year valuation. Hence TC10 was valued at £11.2m- £8.7m = £2.5m. At 30th Sept there was also net £3m cash to make NAV of £14.2m (6.7p per share). Obviously 5p per share has been since been returned.
cockerhoop
30/12/2016
11:45
I read it as £2.5m
cockerhoop
30/12/2016
11:33
Any idea what the TRC current book value for tc10 or any of its holdings are?
papy02
30/12/2016
11:01
Alexios1201, It's not a straightforward 12%, you need to read the paragraph under the table you linked, the structure of TC10 now has different classes of assets. TCML own 100% of the CCPS. Eezymunny is correct in that it's worth whatever someone is willing to pay for it but we do know that the un-financed offer was at a level above the current book value.
cockerhoop
29/12/2016
14:00
EezyMunny,Waiting game indeed...I want this shell when they sell tc10
alexios1201
29/12/2016
13:45
Alexios. I'd say the £11.8m was TCML's share of the original investment ie total investment was c. £98m. So face value £11.8m which is currently heavily written down in the books. It's really worth whatever they sell it for, so could be more or less than current book value. We'll have to wait and see!
eezymunny
29/12/2016
13:38
http://www.trinitycapitalplc.com/portfolio/mk-malls/12% stake is the only thing what is left for TRCSo ~£1M
alexios1201
29/12/2016
13:34
Here you go, TCML(TRC sub) retains 12% TC10, therefore it is valued at £1M
alexios1201
29/12/2016
12:14
This explains the structure In 2007 and 2008, the Immobilien Funds acquired an 88% equity interest in TC-10 together with 100% of a class of shares which receive all of the economic benefits from the company's common equity exposure to the MK Malls project. TCML retains a 12% equity interest in TC-10 (thereby entitling it to a board seat) together with 100% of a class of shares which receive all of the economic benefits from the company's exposure to compulsorily convertible preference shares ("CCPS") issued by MK Malls. The CCPS held by TC-10 have a face value of INR1 billion (approximately £11.8 million at current exchange rates), a compounding return capped at an IRR of 20% and priority over MK Malls' common equity. The face value and compounding return on the CCPS are denominated in Rupees and, as such, the Sterling equivalent has varied, and will continue to vary, based on prevailing exchange rates.
cockerhoop
29/12/2016
12:02
TCML owns 12% isn't it?Immobilien 88%
alexios1201
29/12/2016
10:14
No, it's the CCPS (TRC own 100%) which have a face value at £11.8m compounding at 20% per year. The offer they received (but is not financed!) is though lower than face value.
cockerhoop
29/12/2016
09:54
TRC have 12% stake in TC10 don't they...So value is £1MDepends what they can sell it forWill keep watching it pans out
alexios1201
29/12/2016
07:56
Interims out today So TC-10 has a face value of about INR 1 billion or about GBP 11.8m or about 5.6p per share. Interesting.
sharpshare
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