Trikona Trinity Capital Share Discussion Threads

[mark1000] 09/9/2009 12:37

No fools QVT one way bet with improving real estate values in India beats depositing money at a bank

[badtime] 09/9/2009 09:50

I make it that QVT hav now increased ther stake......now hold 28.99%

[mark1000] 04/9/2009 10:15

Thanks badtime we will have to be patient.

[badtime] 04/9/2009 08:42

oooo...email recd..confirmation of results and portfolio update sometime ths month

[badtime] 03/9/2009 20:38

Emailed company scty but he is out this week.

Those large trades look like roll overs to me

[mark1000] 02/9/2009 18:31

Any ideas when in September we will see the latest accounts including one hopes the latest NAV?

How will this play over the next six months - I suppose it would be good to see a positive attempt to sell the portfolio but will it drag on over time as they sell off the assets and buy back the shares. I would think a sensible bid to buy the company would be best most efficient for shareholders but is this too much to hope for.

[badtime] 25/8/2009 00:10

bak in too

[mark1000] 24/8/2009 12:50

I bought back in today 105K seems to be a nice two way trade no problem getting the shares - believe we have potential to see 60P+ in September - presumably more buy backs at 60P+ but their must also be a chance of seeing an offer for the Company rather than selling off individual assets. I have been inspired by the firmer property market and I am very keen to have exposure to the Indian market it seems a one way bet at present although the latest NAV should be interesting - will it be taken down to aid a Management friendly low bid for all the assets.

[badtime] 18/8/2009 20:25

in at 87p re hrco and out at 185 ....one sucess lol

[ards] 18/8/2009 16:37

think rerating of hrco a big pos. I was stopped out of that one at 57 now 150!

[badtime] 11/8/2009 21:30

Real estate stocks in demand..possible nav uplifts....what effect on ths one i wonder..hmmmm

[badtime] 28/7/2009 21:23

Couple of chunky buys today

[grahamg8] 25/7/2009 07:29

Papy QVC wont be a problem they have already had to reduce their holding in order to avoid a bid eg on 7/2/08 they had 69.01m shares and it's now down to 62.54m, still 29.06% of the reduced shares in issue at 11/06/09. I take this as good news because with TRC buying back so many shares this would have been a great opportunity to cut back on their holding, but they seem to have done the minimum in order to stay within the rules and keep their holding at the highest level possible.

I agree the close period may make life difficult for a further buy back, but AMBR have just managed to find a way round this exact issue.

I was more interested in the announcement on 14/7 which went out of its way to remind us of the policy....immediate return of capital through a cash distribution..... They still need another Director but once that appointment is completed I'm sure we will have further news of how this is going to be achieved and what the timescales are and what the current estimate of the NAV is; although this may all have to wait till September.

The share price could drift down a bit but being sold out of these could be a costly mistake as IMO the upside far outweighs the downside and the timing of an announcement is not in our hands.

[papy02] 18/7/2009 15:36

grahamg8, I agree – finals rather than interims.

Interesting comment re 30 Sept – reinforces my impression that they need the delay for some other reason.

I'm not sure they *can* initiate another buyback prior to results – I was told by Trikona that the reason for the for the "up to 60p" buyback-set-of-rules to their broker was that they had to operate "hands-off" in the close period.

Also they cannot buy back more than a few hundred k anyway without taking QVC over the 30% which I believe that would trigger a mandatory bid by QVC under the takeover code (?)

I'm hoping that the ex-chairman staying on as a consultant is a positive sign (i.e. that he didn't leave to avoid being associated with something unpalatable like a lowball bid and/or delisting).

I sold at 60p but am back in for the same £value at an average of 54.3p.

[grahamg8] 18/7/2009 12:34

Papy I think we are talking about the finals rather than the interims, although the buy back announcement and the latest RNS refer to preliminary results. This probably meant unaudited results, the problem is that 30 September is as far as I can tell the latest possible date for full publication, so prelims don't really have much meaning if they are going to be so late. I agree the close period continues until the results are announced. However I think it would be possible to announce a new buy back starting from 28 July and that it could again involve a set number of shares, with a maximum price to paid presumably above 60p, and a new end date.

[papy02] 14/7/2009 11:22

The RNS now states Prelims will be out Sept - vs previously 27 July, so does that mean an extra month without buybacks etc? (ie continuation of closed period)??

[rbcrbc] 14/7/2009 10:47

Interesting clear out of the board today, I guess costs will be reduced.
And the share price seems to be stabilising and not dropping as much as I expected.
Less than 2 weeks to the AGM.

EDIT - Oops I meant prelims, but they are now delayed, must think before I post

[rbcrbc] 06/7/2009 11:31

Well, now at 53-55p the drop seems to be done, and not as big or as long as I anticipated.

I have picked up a small stake again, but not as large as before and the other speculators seem to be piling back in.

I suspect any further rise past 60p will be small and slow, I calculate they have about 10-20p cash to play with, but will review again after the prelims on 27th July.

[ilostthelot] 06/7/2009 09:51

Short term indeed mate. Thats why u have to play the gane that way.Its the best way to make money.Good luck

[dcomd99] 03/7/2009 20:10

Mark100,

Ok, I was stupid not to sell at 60p. If it falls sufficiently, I will buy more. I still think it's very short sighted to sell at 53p when there is news within 1 month. It could go to 40 or 45p, but it could also go back to 60p. I'd be very happy for it to go to 40p, even though I will have short term pain.

Just shows how short term the market is.

[dcomd99] 02/7/2009 21:44

Who in their right mind would sell this week? They could have sold last week at 60p, and if the hold on for a month they should get >60p. Has Patience died (as well as Prudence)?

[ilostthelot] 02/7/2009 09:25

Dropping rapidly.It will soon be hitting 40p time to buy in then me thinks

[ilostthelot] 30/6/2009 18:25

Cheers papy02