Trikona Trinity Capital Share Discussion Threads

[badtime] 21/5/2009 11:14

now tht is an interesting comment..and yes i see yur thinking

[rbcrbc] 21/5/2009 11:03

What I suspect management really want is the activist out and a change of policy at the AGM back to focus on Indian real-estate, and to obtain that they need market confidence that the share price will continue its rise towards NAV. The activists (and speculators) can then ease out as and when they feel fit, and once gone TRC can revert to what it was. If the share price drops I can see activists throwing their toys out of the pram and demanding a faster return of available cash.

[badtime] 21/5/2009 10:40

y wudnt they want it to fall? buy bak cheaper tht way

[rbcrbc] 21/5/2009 09:37

I cant see 'them' letting the share price fall, so I predict a buy-back later today, unless it rises of its own accord.

[mknight] 21/5/2009 08:19

Badtime you are a real expert many thanks :-)

[badtime] 20/5/2009 20:29

but we weren't wer we....give up forecasting n just watch :)
its risen quickly ..so a day/few of consolidation is to b expected.

[mknight] 20/5/2009 15:51

badtime , i thought we would be up a bit more today.

[grahamg8] 20/5/2009 11:54

The timetable Peterborough is looking for was in the EGM announcement. After covering all the ifs buts and maybes they managed to say..........
subject to the contractual and regulatory constraints referred to above,
renegotiating existing contractual liabilities may enable the release of up to
GBP20 million in cash within three months of the EGM;..........
So we should see some significant movement in the next month; or at very least an announcement to explain why there has been no £20m distribution. Even if NO negotiations have been concluded I think that the £7m (which was a legal liability not a contractual one) would still be distributable. Also I don't think anyone has pointed out that this would have been a liability in the results and so the NAV will have gone up by 3pps as a result of removing it from the balance sheet (haven't checked the accounts directly to prove this is the case).
We have also speculated on how the funds will be returned. Don't forget resolution 5 was also passed which prevents the buy back of more than 70% of the shares. This might have been done as a precaution, but it could be an indication that TRC does at least consider there might be circumstances when very large numbers of shares would be bought back into Treasury. We have tended to discount this because the share shortage would mean the share price would be driven ever higher. But does this really matter? The Directors may actually like the shares to rise much more as they can then use the rise as evidence that they have done a good job of restoring value to the shares and hence the shareholders.

[badtime] 20/5/2009 09:59

ooo...no posts today so far...consolidation?

[peterboroughmatt] 19/5/2009 20:25

@ RBCRBC - 19 May'09 - 18:29 - 517 of 518

Thanks so its in there intrests to get this upto Nav and still have a pot of money left.

Matt

[sithuk] 19/5/2009 18:44

Hi all, I joined you all here through a few separate tranche buys over the past few days.

I wanted Indian commercial real estate exposure after the Indian election result has put market reformers in power with a majority.

If the markets drop 50% this one should have an equal downside (give or take) with the buy back program in place? I consider this good because most other small caps on AIM will drop 80% if the DOW/S&P/FTSE drop 50%.

My timing is always shocking so expect a re-touch to 50p just to wind me up!

[rbcrbc] 19/5/2009 18:29

The EGM phrase was:

The Company shall promptly but having due regard to all applicable legal,
governmental and regulatory constraints and with a view to maximising
shareholder value, dispose of all its 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.

I think the bottom line is that if the share price rapidly approaches the NAV then everyone will be happy, closing the gap by 10% per week suits me as both orderly and immediate enough.

[peterboroughmatt] 19/5/2009 17:23

This 20 million or so they have to return to shareholders was there any time frame given.
its nearly 2 months ago all this came about and lets be honest they havent spent much of the cash and then theres the extra 7 million from the other week

Matt

[ilostthelot] 19/5/2009 16:06

Nice big buys coming through again.They always tend to be towards the end of the day.

[peterboroughmatt] 19/5/2009 16:06

looks like the big money has come out to play in the last 30mins

Matt

[grahamg8] 19/5/2009 14:13

Buys and sells in better balance today so a pause in the price rise looks on the cards. What the heck, 2p per day for a month (22 working days) gets us just below that tantalising 100p level.

[ilostthelot] 19/5/2009 14:10

THat 3p a week idea rbcrbc u suggested sounded good mate. It now looks like 4-6p a week could be the case quite easily.

ATB

[ilostthelot] 19/5/2009 11:34

thanks. It now turn resistance. ATB

[rbcrbc] 19/5/2009 10:49

I know one shouldnt mix TA with reality but the 'support' at 78p was a previous buy-back ;-)

[ilostthelot] 19/5/2009 10:45

Potential fibonaci resistance points . It would be good to see 58.5p breached and held above fairly soon .From the chart there did not appear to be much support on the way down except at around 78p. SO IMO this could be the next real strong resistance.Note that is close to the 61.3% fibonaci retracememt.

38% fib -58.5

50 fib-69

61.3% fib-80p

I am quite sure most of us would be happy to sell around 80p .ALtough the moe the better.

Good luck

[mknight] 19/5/2009 10:45

A pound would be ok

[rbcrbc] 19/5/2009 10:44

The is plenty of cash for the buy-back program to continue to push this up, I don't see a pause until 100p when many will want out.

[ilostthelot] 19/5/2009 10:37

It will have to pause for a breath at some point just a suggestion. up to 60p in 2-3 weeks consolidate for a month or so then up again. That s what the crystal ball says. ATB.

OF cash bad time. I am making my come back now.

[badtime] 19/5/2009 10:07

u lost wot?

50k at full price