Trinity Exploration & Pr... Share Discussion Threads

[wisecat2] 12/7/2018 11:24

TBF so hardly any stock over the £10k

[diseasex] 12/7/2018 10:39

TXP is tanking, at least we have some sort of ...stability..

[the big fella] 12/7/2018 09:57

So I have got about 45% of my total application.

[the big fella] 12/7/2018 09:53

For anyone impacted the scaling back over 10k was at a rate of 0.2712635281%

[whiskeyinthejar] 12/7/2018 09:36

Yes typical Trinity conservative nature. They over provisioned in restructure in 2016 too for example.

[uapatel] 12/7/2018 09:36

GO,

Fair enough, means room for upside - under promise and over deliver then.

No sign of my small allocation (20K shares) from Charles Stanley as yet.

[uapatel] 12/7/2018 09:21

WITJ,

Would the pessimistic approach be in part due natural decline rates of producing wells, even with recent Workovers/RCPs?

[wisecat2] 12/7/2018 09:02

interactive I. say they receive the amount later today from the company. great

[marvelman] 12/7/2018 09:01

Not me from Iweb wwick...still waiting

[wwick] 12/7/2018 08:58

Morning, has anyone actually received their placing allocation? Thanks

[diseasex] 11/7/2018 23:10

isnt fcf coming in 2020 ?

[shrewdmole] 11/7/2018 22:58

Shifting wealth.

I added about 400k today after the gm.

I was very disappointed with the way the placing was initially handled but feel it was a prudent move for management as they've got rid of the drag on the share price of the debt and cln. It's now debt free, cln free and producing fcf each month.

I still have a sneaky suspicion there's an acquisition being considered.

S

[diseasex] 11/7/2018 18:24

High volume, no price move might indicate Big move ahead of us. Just hoping for the right direction

[whiskeyinthejar] 11/7/2018 16:34

Huge inventory draw . Largest crude draw since September 2016. Oil off a bit though, on rumours of some Libyan production returning.

Crude: -12.633M
Cushing: -2.062M
Gasoline: -0.694M
Distillates: 4.125M

[diseasex] 11/7/2018 15:52

and GBP for valuation =)

[diseasex] 11/7/2018 15:30

are you not confusing dollars and GBP ?

[acsatix] 11/7/2018 15:27

at 17 p with 385 M shares outstanding the co mark cap is 65M of which 20 M at least cash in the bank (but more like a bit more... like 25 m


so we sit on a ex cash P/e that is attractive and ex cash shares are down >40% from the peak. even if we just match the recent highs and ignoring the cash in bank, we are in for a 18 % increase in market cap from here, but how can we ignore the cash?

[the big fella] 11/7/2018 14:41

I was just going to ask anyone know what the scale back was for larger applications. I have 3 brokers all of which handled applications for 280k and none seem capable of letting me know how many shares I actually got.

[spellbrook] 11/7/2018 14:35

money just taken from acct, waiting to see how many allocated asked for 200,000

[whiskeyinthejar] 11/7/2018 13:44

Sorry nafafa, I left it too late to go. I asked broker if theyd let me in anyway as I didn't want to vote. Surely they need someone to hand round the biscuits ? But was told Trinity are fastidious about who they let in. Anyway, I strongly encourage anyone to phone Tracy at Investor Relations if they've never done it. I think Id find it difficult asking my probably quite stupid questions at egm, but Tracy is senior management and easy to talk to.

Mark, I agree. Very interested to see just how much more Trinity can get done with the new money.

[mark10101] 11/7/2018 13:30

WITJ, it is a perfect move, only a few PI’s will have to/want to rebalance at this level if they got more than they wanted. Better in the hands of the enthusiastic PI’s than some large holder where a decent profit could be flipped at 20p. Really excited about the coming months and it is quite possible if certain events happen as hoped for, the 15p placing will be looked back on as an excellent opportunity for all.

[nafafa] 11/7/2018 13:26

Whiskey, will be interested to hear your comments post EGM. At recent AGM I found chat over coffee after official proceedings to be particularly interesting. Great RNS and I think very fair allocation. Don’t expect to see significant number of sellers coming forward.