||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Trinity Share Discussion Threads
Showing 5251 to 5275 of 5275 messages
1/3rd of market cap is cash, and that cash pile is growing monthly. Margins look like they will be double this year.
Results out next week, I'm expecting a rising trend from here.|
|A serial deramper is backtogo. Check out his posts.|
|38m market cap?? you're have a giraffe.8p would be fair value, and looking like it's heading there now imo.|
|Very surprised it's at these levels.
A couple of delayed buys to show soon.
It's like paying 50p for £1.|
|the point with IAE is that Stella was just about to come on line and the BoD sold us down the line taking the easy route to cash in lucrative share options with most likely jobs for the boys on top of that imo, in any case offers are normally made at a premium to the prevailing market price immediately preceding the offer rather than a multibag multiple, however I'm not expecting any offer here anytime soon as already discussed|
|37p is Trin broker valuation. Ithaca offer is above broker NAV valuations. $1.24B for 76MM P2 reserves.
Im just saying.|
|I think 30p offer today would be acceptable. Leave it a year and would have to pay 40p+ imo.|
|You are assuming those who took part in the recent rescue fundraising and now own a large percentage of the shares would be happy for 20p today or something more a year later maybe? (Assuming talk of TRIN being valued at 35p based on a peer comparison isn't bullsxxx).|
|mirabeau.....i.m not suggesting they'd buy it FFS. I,m saying TRIN are vulnerable to a a small comapny with a bit of cash who could nick this at 20p a share. Is that straightforward enough in clear to understand english .It was not in the literal sense that specifically SQZ are buyers. Is that clear enough.
Hopefully TCW will have something to say soon regarding that but thats for the SQZ bb.|
|#1801 - no chance of that, as yas said
edit...and Mirabeau (just seen that post)|
|Why would Serica buy Trinity? A silly suggestion. Walker, the CEO of SQZ, is a North Sea oil-man through and through. His purchase of a stake in Erskine should point people to his contacts in the NS industry especially at BP. The amount of cash thrown off by SQZ's stake in Erskine is way in excess of what Walker paid BP (now, I'd say that mates rates). SQZ's stake in Erskine is generating over £35m free cash per annum. I think Walker paid around £15m or so? It's paid for itself in multiples.
I reckon Walker's got another Erskine-BP type deal (at mates rates) up his sleeve as well..SQZ will be doing around 4k-5k boepd by eoy|
|....Neither do i as SQZ are NS focused ,but i'd be quite happy if only an SQZ shareholder if they bought something as cheap as TRIN. Its cheap with reserves far in excess of SQZ at almost half the m/cap.|
I rather doubt that SQZ have TRIN in mind - it is not an appropriate fit.|
|You were fed today by the MM, be sure to pay your bill first thing in the morning, oil completely rebounded tonight so looks like a strong open.|
|I am hungry, feed me.|
|I'd be happy if SQZ made a cash and paper offer for TRIN. SQZ need the reserves. SQZ my largest holding but im a holder here to.
I wonder how many small acquisitive oilers have cash burning a hole in their pocket. TRIN is cheap based on what we know.
I don't think this a valuation trap so it will eventually find fair value or someone else will. It would almost be stealing at 20p (30% bid premium)
|Back to TRIN.
I think this is just one to sit back and accumulate the dips - save for the price of oil plunging, there really does not seem to be much risk.
I rarely (if ever) agree with Chewin, but on this one I must say he is on the right track.|
At the risk of appearing immodest, I too fit that centile, thought I am unable to provide tangible quantitative evidence!|
|I believe we are only small in MCAP, reserves and solid 2500bopd is a good bolt on for a mid size. Not sure it is that likely ATM but with current MCAP there may be people watching us. Malcy's first comentry on TRIN when we returned was things were looking positive (think we were around 17p at the time) and too cheap at that level with a risk investors may not get a chance to see all the growth potential here.|
|Mark I don't think there is much risk of a takeout yet here as Trin is still too small to attract the interest of predators imo, maybe in a year or two's time with good fortune|
|WITJ that is an interesting graph of trades, and reflect my feel for the true price of TRIN today around 13.4p. I think MM were using the drop in WTI to test holders, as we have seen several times they don't get many offers for holders down here.|
|Hi Bounty hunter, I hope the same things does not happen here, it is my fear. I would hope an offer would be in the 20's but that is where we should be anyway with what we know, without changes like T&T taxation and increased drilling activity.|
|I think midprice is getting moved around by MMs to make buys look like sells.
The highest trade at 14p shows up on Advfn as a sell, when it's actually neither (it was sets trade).
Looking at buys and sells misleading imo.
All you can do is look at histogram imo and closing price doesn't reflect the action:|
|cheers marvelman, switched from sml which is doing a what goes up too fast must come back down (at least to some extent) right now so decided not to hang around there for now at least! trin seems to have stabilised after the gain a while ago so seemed like a good entry point, it does seem a dead cert to replace IAE on Malcy's bucket list unfortunately for IAE holders (which includes me) which is being taken out by Delek for just an 11% premium at a time of rapidly increasing production!|
|Good to see you in here Bounty|