Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 14/7/2018 13:37

GO, I think it is important that Tracey and the company understand how tough this has been on everyone. I am sure any email you have sent will be seen as just emotions running high after a tough few weeks. I think it is excellent Tracey contacted you in person and shows they are deep in this also, and it appear they were trying to smooth things through.

I keep saying it but my broker could not even be bothered to apply for me so had I fully relied on that route I would not have been allocated anything. But understand the RNS created a different expectation compared to current outcome.

I think as next week progresses the mood should be improving as the holdings we do have recover in price. This really looks a new and exciting chapter for TRIN. In the coming weeks and months with so many opertunities now avaialble to us, I for one am looking forward to the future.

[wwick] 14/7/2018 12:51

WitJ - Hargreaves year-to-date total net revenue of £366.6 million up 16% - you pay them plenty

[dunderheed] 14/7/2018 12:51

Exactly guys.
Do you know what used to be the best broker imho, citydeal, they were damned cheap but always got good prices both ways. They were taken over by Santander and then selftrade who I also find to be excellent. Don't know how they would have handled this issue but I see trinity side very much and exactly my interpretation of what's gone wrong here. There is a chap over on lse who spent many hours liaising with his broker to no avail (yet) and feels rightly aggrieved (I think) with his broker, considering the amount of time he personally invested in communications with said broker.

[whiskeyinthejar] 14/7/2018 12:34

Yes she needs to know what people are thinking and feeding that back to BOD.

I complained to Hargreaves yesterday. They've provided a poor service imo. Im sure they'll do nothing, but I had to let them know I feel let down.

But I pay them pretty much nothing. No annual fee, just a few trades a year. I guess sometimes you get what you pay for.

[marvelman] 14/7/2018 12:21

As I have said on my previous posts Gabriel I do not blame Trinity for Iweb, as an example, not bothering to data sort those up to the £10,000 limit and allocation them the full entitlement. I have accepted that the broker is responsible and hides under the pooling rule. If someone has a one to one relationship with their broker Trinity's intentions can be met in full but most of us are likely to be in nominee accounts. Tracey may be offended by your Emails (too bad) but at least she has not had to suffer the dilution of circa 28% of her holding due to her company's mis handling of the funding arrangements...thanks for sharing your efforts and I am pleased that at least Trinity has been made aware of much shareholder discontent. Regards.

[gabrieloak] 14/7/2018 12:08

DYOR

Good luck all long term holders

[marvelman] 14/7/2018 11:22

I see some lunatic has spent much of this morning putting a red thumb against all the posts over the past few days. What a sad and bitter person they must be. The standard of conversation on this board however, despite the disappointment endured by most, is still exemplary and remains intact as a forum of the highest quality.

[marvelman] 14/7/2018 11:14

Yes WITJ, I think most on this board accept that the offer was mispriced. I think also that many of us have bought in at circa 16p knowing the offer would be oversubscribed particularly as it was at such a crazy discount. The system has let down all but the more professional investors with broker relationships that have enabled them to take advantage of the rules and who can blame them for that. The core issue here, surely, was the low pitched offer price and the BOD must take full responsibility for that. Do they care? Well that is where we must make our minds up and therefore whether they can be trusted. I have made my own judgement and I believe the loss of respect for the BOD is irreparable. Nevertheless, it is what it is and now we must make the best of it. Walking away now will not be making the best of it but the future for me in this company is likely not to be a long term one.

[dunderheed] 14/7/2018 11:02

I've got to admit I thought 18p a good price bwtfdik?

[whiskeyinthejar] 14/7/2018 10:56

"offer was oversubscribed threefold"

If offer wasn't for only £1.5m, people would have applied for even more. I bought in open market at 16p because I knew £1.5m wouldnt come anywhere near to fufilling demand. Many others have done so too, of course.

All parts of placing were heavily oversubscribed, so basically it was mispriced. Placings need to be a bargain to be successful, but there was always going to be too much demand at 15p.

The £10k minimum was just an attempt to patch over the problem that the £1.5m allotment was insufficient. Obviously it didn't work, but the real problem I think wasn't the patch it was the price of the placing and the allocation size.

[wwick] 14/7/2018 10:21

Just posting facts Marv. I'm possibly lucky (or astute) having traded a quarter of my holding from 17.9 to 16.2 and then topped up. The offer was always a gamble. But the fact remains that the BOD are prepared to but GREED before EQUALITY.

[marvelman] 14/7/2018 10:08

Eloquently put wwick

[wwick] 14/7/2018 10:05

The market sets the daily price and the market can gauge whether a share offer is undervalued. The open offer was oversubscribed threefold. Conclusion, the offer price was unequivocally too low and the natural conclusion is that Bruce, Jeremy & James were in this for mates-rates. Why did the price recently get to 27p, because of the market action driven by private investors. What Bruce, Jeremy & James have done is to disrupt the market to satisfy their greed. This is a dangerous game because all trust is lost and so the market may fail to function. Nobody should have an issue with a justified need to raise capital, but ALL shareholders must be treated equally.

[dunderheed] 14/7/2018 09:54

At the end of the day guys it's a pretty simple proposition. If you think your money can earn better elsewhere put it there but whilst feelings running very high at the moment don't cut your noses to spite your faces?
Either way best of luck all!

[marvelman] 14/7/2018 09:23

acsatix

I believe your thoughts are pretty much in line with my own and others regarding the necessity for funding now and indeed, like many, I believe that the BOD were too precipitant in triggering the funding at this point. I also assume that unlike many of us smaller PI's they and their supporters got plenty at 15p. However, we are where we are and we would be shooting ourselves in the foot to pull out at this stage at the lowest point (or thereabouts) of the share price I am convinced now that the BOD have regained their appetite for funding ventures in the future but for now we should see this move pretty quickly to 20p and patience is now required. After that it is 50/50 as to whether I want to take the chance of being around when the next cash requirement hits the fan and I am once more finding myself helping out the "company" and its wealthy patrons.Regards.

[acsatix] 13/7/2018 19:31

ACS, What are you going to do if you get your whole subscription after making all this noise, seeing as you don't know yet?

Overnight tune change?

======

no, i am determined to flip all I get. in fact I already did it without waiting...I have enough invested here and I take the dilution on my chin. I have changed my mind on allocation of capital following the recent mishaps we read about in recent days. I am happy with the 10 percent on the flipped shares.

nice weekend

[uapatel] 13/7/2018 18:31

Looked at my account and now have the extra 20K shares I applied for. So under the circumstances happy to not have any issues on scaling back etc.

Good luck all holders

[wwick] 13/7/2018 18:13

acsatix "We'll submit your instruction to the company before the official event deadline" is different to "we will submit a joint application" is there a ray of sunshine?