Trinity Exploration & Pr... Share Discussion Threads

[marvelman] 04/10/2018 12:51

Frustration showing on this board...hardly surprising....but nice to see it is still civil. The BOD lost a huge amount of trust and respect with that ill judged placing and it is that combined with a less than illustrious set of results that is causing drag on the share price IMO. Respect and trust will take some time to regain by the BOD and they appear no to be showing any real urgency in redeeming themselves.I do not intend to let my loss to be crystallised and will stick it out now knowing there is a very healthy balance sheet underpinning the future potential which I have bought and paid for

[mark10101] 04/10/2018 12:40

From PIworld on LSE

TRIN H1 18 presentation
TRIN H1 investor presentation, last week in London, by Bruce Dingwall CBE – Executive Chairman and Jeremy Bridglalsingh – CFO



Bruce Dingwall CBE – Executive Chairman
Overview – 00:23

Jeremy Bridglalsingh – CFO
2018 H1 Key financial metrics – 05:05
Peer comparatives (UK AIM listed production led) – 12:15

Bruce Dingwall CBE – Executive Chairman
Production growth – 13:20
Business assurance: base production – 14:29
Organic growth to come from existing portfolio – 18:56
Onshore – Technical – 20:23
Galeota Anticline SW – 22:51
TGAL Development – status – 24:49
Summary – 27:36

Q&A – 31:00

[nocents] 04/10/2018 12:34

:-(
Wish I had only 2 decades.oh to be a younger man.
If people not happy with holding this company they should just sell and go and play table tennis-rummy-dominoes-Pokemon.... and not frequent shareboards they don’t own in. I still encourage sellers to sell and buyers to buy ..not complain. And ....respect is key. Always.
Impatience and frustration haunt me too but if Trin is not right then sell. Me? I think ot’s a wicked buy price right now. Wish I coukd!!

[diseasex] 04/10/2018 11:49

you prefer to hear only bulls talking then ? As you rightly said - people have money invested here. So let's better be honest about this investment and don't hide the facts or opinions.

[dunderheed] 04/10/2018 11:21

Well it's a somewhat arbitrary figure but I suppose sentiment is very important and there does appear to be one largish seller at the moment but I'd be personally surprised to see it drop below placing price.
Best of luck all.

[diseasex] 04/10/2018 11:19

Dunder, I know. All I'm saying with current numbers in bad market this company is worth half that. Oil is helping so it didn't collapse yet ...

[dunderheed] 04/10/2018 11:17

dis good post - I've also got more than 2 decades investment 'behind' me.
Why stop at 10p bruv let's just say 1p eh?
Ahem I'll get me coat.

[tomps2] 04/10/2018 11:08

TRIN H1 investor presentation, last week in London, by Bruce Dingwall CBE – Executive Chairman and Jeremy Bridglalsingh – CFO



Bruce Dingwall CBE – Executive Chairman
Overview – 00:23

Jeremy Bridglalsingh – CFO
2018 H1 Key financial metrics – 05:05
Peer comparatives (UK AIM listed production led) – 12:15

Bruce Dingwall CBE – Executive Chairman
Production growth – 13:20
Business assurance: base production – 14:29
Organic growth to come from existing portfolio – 18:56
Onshore – Technical – 20:23
Galeota Anticline SW – 22:51
TGAL Development – status – 24:49
Summary – 27:36

Q&A – 31:00

[diseasex] 04/10/2018 11:08

Well I see it in 10p range now. So you know. No offence but I'm in the markets for 2 decades...
I wish you all massive profits and so that placing price holds...

[diseasex] 04/10/2018 10:59

the problem with trin is they are banging about profitability, great margins, 30$ oil breakeven , but when it comes to fact and figures they barely make profit out of oil rally. thats why it's tanking. Hight costs, low margin, high cap, low turnover. that's what trin is and thats why I sold. Fact omissions by bod and manipulative statements is just one of the red flags on it.

[marvelman] 04/10/2018 10:42

Thank you for another refined, honest and informed post and pleased you remain a holder here albeit reduced. You only say it as you see it MT and that is when these forums get the most benefit to give to investors.

[mount teide] 04/10/2018 10:26

marvelman - there is no denying the performance over the last 18 month has been very disappointing considering the market fundamentals.

Recently reduced my position further to 400k, as after such a large placing i think the progress here could be held back for some time until the 15-20% II scalpers depart the scene.

Since i have a very large holding in TXP decided to diversify away from T&T with the TRIN proceeds into Australia/SE Asia with Jadestone Energy who i think are now set up with the management team and assets to do very well(they get Brent plus a $2.50 regional premium for their light oil), after three activist hedge fund shareholders took over the board and replaced the management team with the star team from Talisman Energy.

AIMHO/DYOR


Mark - i still think TRIN will do well over the longer term - and so will likely retain my much reduced(down 70%) current holding.

[nocents] 04/10/2018 09:48

Doh. Sorry re.usual iphone typos

[nocents] 04/10/2018 09:47

Mark101.Yes. It’s not worth comparing companies. Different situations and structures. Even assets. TXP may even surprise with a Placing themselves. One must put one’s money where one’s mouthnis and not compare tge incomparable. Invest in Trin or sell out if that unhappy. Invest elsewhere. I’m a great one for moaning myeelf....but I places my money and I takes my chances. My life.

[mark10101] 04/10/2018 09:40

MT just sell and focus on TXP, they look to be having a good day today. I don't hold any TXP but wish them well as I think they are an exciting part of the T&T mix and want T&T to flourish. I think you are missing the bigger picture here but grasp the bigger picture of TXP, why not get 100% behind that story.

[the big fella] 04/10/2018 09:18

Looking through the holding notification Mr Lueders was reducing in August. He still had some 16 mil left. I hope he doesn’t intend to sell the lot.

[mount teide] 04/10/2018 09:03

Morose fatigue?

Some might suggest the market is showing its dissatisfaction(correctly) to the fact that while the POO has surged by over 72% during the last 18 months, all the shareholders have seen is a static share price and hugely discounted 40% dilution.

TXP management 'schooled' TRIN's management(who came perilously close to losing everything) on the way down into 2016 and it looks like they are now schooling them on the way up. Over the last 18 months TXP is up 129% by comparison.

[mark10101] 04/10/2018 08:47

A Post by GO on LSE who seems to have avoided posting recently, probably due to the depressive nature on both sets of boards...


-----------------------------------------------------------------------------------



If oil is at $90 (WTI) then this company makes a profit of ~$23mln if Trin produces 3,000 BOPD.

Add back some SPT reduction through Capex allowances ( chipping away at ~$10mln) and that goes up

Amortize out the Capex costs and it goes down

BUT, it demonstrates the underlying possibilities of the business.

Current mkt cap = £67 mln
That is a forward looking UNDERLYING PE of 3.8
Of course the elective capex costs will reduce this but it shows the strength of the underlying business investing for its future.

Up the barrels produced and this gets better...

Key questions:
Is oil revising higher for longer?
Is the company going to deliver on its drilling campaign (delivery of wells and delivery of Flow rate)?
Is the sense of morose fatigue going to leave the shareholder base?

If the answer is yes to the above then the share price goes up
If the answer is no to the above then the share price goes down...

but how much down versus how much up?

G

[nocents] 03/10/2018 20:54

WTI . $76.16 atm Highest since the crash.

[nocents] 03/10/2018 20:52

People shoukd perhaps remind selves thst there sre institutions ( and a few p/i’s) who don’t want 17.5p whether they bought at 6p or 15p. They want to double or triple their money or more. And they are prepared to wait longer than many impatient AIM investors. So as soon as the market has as many cheap shares is it can squeeze from impatient us then it can do what it wants and make themselves and others money. I feel positions are stealthily being taken too.The AIM game. Trin is a real
Pinnochio.