Trikona Trinity Capital Share Discussion Threads

[rbcrbc] 04/8/2011 12:01

Got mine Monday - HL

[praipus] 04/8/2011 11:58

F..ing Selftrade!

[badtime] 04/8/2011 11:50

yep gt mine on monday

[praipus] 04/8/2011 11:41

Any one got their cash through yet? Should have been paid on Monday?

[rbcrbc] 03/8/2011 16:03

Looks like the share price has gone into freefall (like the rest of the market today) despite the top-up by Weiss. I have sold out since my thoughts in post 796 but at this rate of decline I may be back in soon !

34-38p a 10% discount didnt seem worth the wait.

30-38p 26% is starting to look tempting, but I shall wait and see if it goes lower. 20p would be nice ;-)

[grahamg8] 29/7/2011 17:19

Think so RBC. But they seem quite bullish about the asset values for DB Reality once the criminal investigation is sorted out. Currently in the books at the current share price of around 1/4 of a year ago. So some chance of a bounce back. Difficult to say when that would occur.

[rbcrbc] 29/7/2011 10:45

Some large write-downs

NAV at year end 47p minus 6p payment = 41p vs share price 34p

minus 3p for DB realty reduction in value (although some of that may come back in time)

and an outstanding legal action for more than the Mkt Cap for which there is no provision except for the legal costs.

34p-38p = 10% discount to NAV

Have I got that about right ?

[badtime] 29/7/2011 10:02

Results out...tad lengthy to digest at this stage..off to work!

[badtime] 29/7/2011 09:11

Sale of asset looks as though at the same value as stated in the accounts

[praipus] 28/7/2011 11:20

The market doesnt seem bothered.

[badtime] 28/7/2011 10:28

appeal lodged i c

[badtime] 26/7/2011 09:52

Well congrats on the kittens....my query was just out of curiosity really....roll on those results

[badtime] 25/7/2011 20:49

No idea what theyve'done or not done praps i went off to work...but i'm curious as to y it wasnt marked dwn from the off...will those early sellers get ther 6p??

[praipus] 25/7/2011 17:55

Did you get it sorted out?

[praipus] 19/7/2011 12:20

Presumably they know TRC's current investment policy and went for jurisdiction with the maximum probability of success?

[rbcrbc] 19/7/2011 11:12

As long as they don't try again in a different jurisdiction !

[praipus] 19/7/2011 10:33

Some good news:

[rbcrbc] 08/7/2011 15:13

Graham
- agreed my mistake it is most likely a capital return not a dividend.
- The 15th Feb RNS where it said an agreement has been reached settling all disputes between the parties. was a little ambiguous as it implied both disputes (I am only aware of two) but didnt specify the status of the SachsenFonds issue - I'm sure that'll be cleared up in the annual results.

kramch
- thanks for the update on %ages.

I have a lot more CPT than TRC as although the potential upside is less the timescale is most likely much shorter.

[grahamg8] 08/7/2011 14:29

RBCRBC my interpretation is that it is going to be regarded as a capital distribution not a dividend. The funds come from the share premium reserve not from trading profits. Dividends come pre taxed and may be subject to higher rate income tax. A capital distribution would count against annual capital gains allowance and CGT. The overall result is that more money ends up in shareholders hands and less with the tax man. Fingers crossed.

Also as we have previously been told that no money could be paid out unless there was sufficient to cover the legal claims either the total claim has been whittled down or we are nearing a settlement. Hopefully good news will be contained in the Annual Return.

[kramch] 08/7/2011 11:09

RBC, fancy seeing you here.

I note that the last sale was 10% below book value.

Indian repo rate has risen from 3.5 to 6.5% in the last year and may be beginning to have an effect. Construction costs are rising ahead of inflation (18% vs 9%).

I guess TRC have sold the easier to market stuff now. Still looks cheap but I am waiting for the accounts to see how cheap. K.

[rbcrbc] 08/7/2011 09:54

- 6p dividend to be paid 1st August

- Nav at interims = 125p (minus 16.6p, minus 30.9p = 77.5 equivilant today)

- Current share price = 38p

- Finals out 10th August last year

- Should I wait for the new NAV in the finals before a top-up ?

[praipus] 22/6/2011 19:41

Weiss reducing their holding..