Trikona Trinity Capital Share Discussion Threads

[praipus] 25/5/2011 18:00

QVT cant get enough up through 26%

see post 2 on the following thread to see their other hooldings

[praipus] 30/3/2011 21:46

Weiss in for even more.

Track their other holding here:

[papy02] 10/3/2011 16:31

RBCRBC, thanks, I'm already in CPT. (Wonder when they will cough up - I need to recycle funds reasonably quickly to get to a sensible total of tax-losses for the year).

Thanks for the NAV estimate Praipus. I wouldn't be *that* averse to a capital gain here ;-)

[praipus] 10/3/2011 16:20

May be worth buying a few more TRC my nav calc is circa 47.4p anc could explain why Weiss bought a few more recently.

[rbcrbc] 10/3/2011 11:12

Papy - Take a look at CPT

[papy02] 09/3/2011 22:50

Many thanks Praipus, will take a look.

I *think* each £1 of dividend income will push £1 of capital gains from 18% CGT rate to 28% rate. That reduces the potential saving, but these situations may still be worth doing if the frictional costs are acceptable.

Another possible, and relatively bullet proof, option is to take a long-position in a promising short candidate - say Ocado - and a balancing spreadbet short, so you have no overall economic exposure. If it goes to plan you get a CGT loss on the long position, and a balancing (CGT free) spreadbet gain. If it goes wrong (SP goes up) you have to hold the balancing-positions open till the following tax year. The spreadbet financing-costs may kill this idea though (I need to do the numbers).

[praipus] 09/3/2011 21:27

Other TRC-like situations exist but they are NOT bullet-proof safe. It is possible to create a portfolio with a high degree of statistical probabilistic safety but even that will not be truely bullet-proof.

If you have a moment take a look at the Laxey,Weiss and QVT holdings lists in post 1,2 and 3 of the following "Tracking the Arbitrageurs" thread BB. Not all are TRC-like liquidations in the same way but some are you will need to scour the RNS for each.



PS premium bonds?

[papy02] 09/3/2011 18:54

Yes indeed, thanks.

I got frightened out of my initial small position, by the delay in announcing details of the distribution (talk about loose holders!).

But I had time to buy back a larger amount after the dividend announcement, before price moved too much. I'm up a tad on that (obviously after dividend taken into account) and have a capital loss to conjure with, which will save me some CGT :-)

Lack of trust in the management here means I continue to be a loose holder, but I'll probably run the remaining position for now - the % discount to NAV ought to have increased post-distribution, if my maths serves?

Or at least, I'll run it until I need the money in a couple of months time(some estate planning which unfortunately will mean immediate CGT to minimise future IHT, and will require me to liquidate over half of my portfolio by then).

[praipus] 09/3/2011 18:39

Weiss buying even more

[praipus] 09/3/2011 15:26

Papy02 are you pleased with your investment so far?

[praipus] 09/3/2011 14:03

got it that was quick, well done Selftrade.

[praipus] 09/3/2011 12:58

Anyone got their cash yet?....Selftrade why are we waiting?

[royaloak] 03/3/2011 16:08

...and it can be very useful to sell at sometime and make a big cgt loss. May not suit everyne, but suits my circumstances.

[praipus] 02/3/2011 14:07

It's always a shocker when the monitor shows your stock down 43%! And always cheering to see some value being returned.

[papy02] 21/2/2011 08:10

RNS Number : 5271B
Trinity Capital PLC
21 February 2011

The Board of Directors (the "Board") of the Company is pleased to announce that it is currently intending to make a distribution of 30.9p per share, equivalent to approximately £65 million, to shareholders (the "Distribution"). The Distribution will be financed from the distributable reserve created by the cancellation of share premium account that took place shortly after the Company was admitted to AIM in 2006. It is intended that the Distribution will be paid on 9th March 2011 to shareholders recorded on the register on 4th March 2011. The shares will be marked ex on 2nd March 2011.

[praipus] 16/2/2011 09:19

RNS Number : 2149B

From yesterdays RNS...

Trinity Capital PLC

15 February 2011

Trinity Capital plc ("the Company")

Distribution

Following today's announcement that the litigation with the former investment manager has been settled, the Company intends to make a further distribution to shareholders. An announcement providing details of the distribution will be made following the next quarterly meeting of the board, which will take place on 17 February 2011.

[robizm] 16/2/2011 08:02

the largest holding dbr is way down since last nav statement

[papy02] 15/2/2011 10:21

Hmm, not sure why I did this but just invested princely sum of £760, which was all I had quickly available in a Dealing account, in TRC this am, off the back of settlement with Trikona but more to the point the yet to be specified new distribution.

Don't trust the management here, and Trikona still less, so going against my principles. TRC claim Trikona misappropriated funds (?) but TRC is paying them an undisclosed settlement? Lawsuit from German partner still ongoing I assume?

But the NAV proved too tempting, so in for a micro-dabble. Hope no NAV downgrade on the 17th!

[praipus] 04/2/2011 13:41

Got the cash in the end no probs.

So NAV now circa £1.08? Shares 52p...hmmm

[praipus] 23/12/2010 10:40

Any one got their cash yet? Selftrade not even responding to secure messages.

[praipus] 09/12/2010 14:48

Yeah..."time waits for no man".

Your comment did make me have a quick look through, this line jumped out at me

"As at 30 November 2010, cash balances amounted to GBP126.2 million, equivalent to GBP0.60per share."....

as did "NAV per share £1.25"!!!!!!