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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Trinity Exploration & Production Plc | LSE:TRIN | London | Ordinary Share | GB00BN7CJ686 | ORD USD0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.50 | -0.93% | 53.50 | 390,085 | 12:59:22 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 53.00 | 54.00 | 54.50 | 53.00 | 54.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:08:54 | O | 5,555 | 54.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 07/5/2024 | 12:15 | UK RNS | Cavendish Securities PLC Form 8.5 (EPT/NON-RI) |
| 07/5/2024 | 09:23 | UK RNS | Scott Casto Form 8.3 - Trinity Exploration & Production plc |
| 03/5/2024 | 14:35 | UK RNS | Trinity Exploration & Production Form 8 (OPD) Trinity Exploration &.. |
| 03/5/2024 | 09:02 | UK RNS | Cavendish Securities PLC Form 8.5 (EPT/NON-RI) |
| 02/5/2024 | 17:10 | UK RNS | Gavin White Form 8.3 - Trinity Exploration & Production plc |
| 02/5/2024 | 10:09 | UK RNS | Cavendish Securities PLC Form 8.5 (EPT/NON-RI) |
| 01/5/2024 | 18:16 | UK RNS | Angus Winther Form 8.3 - Trinity Exploration & Production plc |
| 01/5/2024 | 11:29 | UK RNS | David Newlands Form 8.3 - Trinity Exploration & Production Plc |
| 01/5/2024 | 10:09 | ALNC |  Trinity Exploration shares jump as agrees takeover by Touchstone |
| 01/5/2024 | 07:00 | UK RNS | Trinity Exploration & Production Recommended All Share Offer for Trinity |
Trinity Exploration & Pr... (TRIN) Share Charts1 Year Trinity Exploration & Pr... Chart |
|
1 Month Trinity Exploration & Pr... Chart |
Intraday Trinity Exploration & Pr... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/5/2024 | 14:47 | Trinity: OIL PRODUCER 2020 | 7,553 |
| 03/5/2024 | 18:43 | Trinity Exploration - bickering thread 2020 | 3,732 |
| 08/3/2021 | 16:06 | Trinity Going to 1p | 3 |
| 10/12/2020 | 21:46 | Trinity Exploration & Production 2018 | 8,953 |
| 02/4/2019 | 16:49 | Trinity Exploration & Production PLC | 6,470 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:08:55 | 54.00 | 5,555 | 2,999.70 | O |
| 13:38:10 | 53.40 | 773 | 412.78 | O |
| 13:20:47 | 54.00 | 9,520 | 5,140.80 | O |
| 12:11:00 | 54.22 | 18,445 | 9,999.96 | O |
| 12:09:32 | 54.23 | 18,453 | 10,006.14 | O |
| Top Posts |
|---|
Posted at 06/5/2024 10:17 by pavey ark A few fairly random points this morning:1. I take it that the largest shareholders were tipped that "something" was going on or TXP picked up on disquiet but either way this explains the lack of action by the major shareholders...... the board were smart enough (for once ) to see that their time was up. 2.The new shares are 19.9% of the TXP total .....at first I thought this a strange figure but I take it that companies can issue under 20% without shareholder approval. 3. Trying hard not to look at TXP drilling, financial forecasts etc but it looks like we have gone from a dull uneventful year with TRIN to a bit more activity/interest from TXP. I think that most people have decided that this is a done deal so what happens if we get even a small amount of good news from TXP and the share price returns to 50p+......does TRIN go to 75p+ ? We now have a self fulfilling prophecy here.....TRIN shares rise BECAUSE of smallish uptick in TXP which then makes the deal even more likely to go through.....no deal and the price falls back. If the TRIN shares don't rise immediately on a rise from TXP then TXP holders will/should sell TXP and buy TRIN. 4. Where does this leave the TRIN price ?.....hmmm if, as everyone expects, the deal goes ahead the the question is....where does this leave the TXP price? 50p looks a rather easy target and if the upcoming results/updates are positive then 60p is very possible.......but TRIN is a bit of a steal so we have to add that in. I could see the year end TRIN equivalent price being at or over 100p ........something none of us imagined possible before this deal. |
Posted at 04/5/2024 22:08 by che7win TXP haven't raised funds in 1.5 years and can increase debt with steady cashflow which they agreed for their drilling plans this year. TXP shareholders aren't overly happy, I certainly wasn't when I initially read about this acquisition. Especially as we ramp up production quickly in Cascadura.I had exited TRIN and switched to TXP because I didn't like the off shore risk.I see this acquisition as timely for TRIN shareholders just as growth of production ramps up for TXP.However, I think the deal makes the enlarged groups prospects better together.If TRIN shareholders don't agree to this deal, the share price will fall back to pre takeover levels. TXP share price should recover as the market reacts to the upside prospects, this making the takeover price look better as we move into the following weeks/months. |
Posted at 04/5/2024 10:51 by pavey ark I had a look and the TXP shareholders (ADVFN posters) are far from pleased with their management but the winder market simply had absolutely no faith in the TRIN management.I intend to vote for the deal for the simple reason that I consider it the best way to realise the value in TRIN....and my shareholding. Since the approach by TXP their share price has certainly outperformed TRIN (hardly difficult). The G&A figure for TRIN is over $7m a year so a lump can be taken from this. Regarding the TXP share price ..it responded to some good drilling results and was over 50p for most of April then fell away.....if ,as some TRIN holders are saying, this is a good deal for TXP then the TXP share price should respond. Would like to see someone else coming in here but it looks like a done deal. |
Posted at 04/5/2024 00:18 by orbit007 I will keep an open mind, until the vote and an eye on Truestone share price. It's in the shop window, so someone else may come in. I think you need to make the distinction between selling Trinity or its assets and the potential value that can be gained with whatever Touchstone are pedalling about upside with them...lets be clear, in the RNS info it says the share exchange ratio was agreed in Nov 23 when Touchstone share price was over 50p, that would be a materially higher value being ascribed to Trinity than the current share price of Touchstone implies.I saw the decline rate has caused an issue with them recently on their prime asset, I don't really like how far their share price has fallen recently, I also think they pulled the trigger with that offer because they want to get it done before they lose anymore value. Trinity is a profitable company, it could continue on its own path..but that brings me to management.... I think our management have thrown the towel in, partly because they read this board and threw their toys out the pram at our critique of their performance. So we can't ignore the issue that they may just want shot at any price. Lets face it, this is being sold for £10m ex y/e forecast cash on current Truestone price, that seems a bit daft. |
Posted at 03/5/2024 22:38 by sleepy Having invested for decades without having bought a small oil company i started to buy shares in TRIN this year. I am concerned about the competence of the TRIN board and that they may not have got a good/best deal for shareholders.I think TRIN is subscale and can see logic in putting TRIN and TXP together (also very happy to accept a better offer from someone else) My understanding is that what is currently proposed would result in TRIN shareholders having about 20% of the enlarged company. Is this reasonable/fair? TRIN shareholders could achieve a 25% interest with an offer of 2 TXP shares for 1 TRIN share. The proposal requires a 75% vote in favour. Assuming 80% of shareholders vote then it could be defeated by holders of about 8 million shares. The largest shareholder has 4m shares. There may well be others who would support an attempt to improve the offer and with £2 million, not a large amount of money to some people, and the support of the largest TRIN shareholder then TXP could be forced to renegotiate their offer (or let it lapse which I sense that they would be reluctant to do) |
Posted at 01/5/2024 13:50 by che7win Did one last arbitrage.Sold 27000 shares in TXP at 39.55p and bought 19395 shares at 55p. I'm pushing up TRIN share price, very hard to buy any and I think that's enough risk/arbitrage from me for now |
Posted at 01/5/2024 12:11 by redtrend che7win - even with TXP's potential increase to 14,500 by year end, not all "boepd" are equal. TXP is 82% gas!!! At current 8,500 bopd, their realised boepd is a mere $26.53 boe! In comparison's to TRIN's $70+ boe.You then have TXP's high net debt position of $23m Q1 2024, with 2024 capex of $33m, I very much doubt they'll reach their target of $25m Net Debt end of 2024. TRIN currently has Net Cash of $9.1m incl VAT receipts. When you take this in to account, TRIN's share price at 60p is on a FCF and PE of less than 2. To acquire assets with a payback of <2yrs is quite a feat, far <2yr payback when you remove TRIN's overpaid board. By time deal is done, TRIN's net cash position will be even more. I would guess >50% of acquisition price will be paid by TRIN itself from its Net cash position TXP will inherit! This is before you even chuck in the huge tax losses to be utilised and huge potential of Galeota @ 7,000 bopd. It's a good deal for both companies considering TRIN's management has been found lacking, but TXP is getting a far far better deal imo. |
Posted at 01/5/2024 09:15 by che7win Nocents,Actually you guys are getting a great deal. Have you seen the share price of TXP, its fall has been mirroring TRINs and is not justified. TXP has current production over 7000 boepd and is expected to double again by year end. The current production has tripled since last September and not reflected in the share price. We have no placings as we just secured loans funding. On well failures, the only recent well failure is Jacobin. TXP has drilled three wells recently and all are successful and extending the reservoir basin of Cascadura to the east. Two wells will be out into production soon, you get that upside which is bad timing on TXP management part. I will happily vote against this deal as a TXP shareholder, but first tell me why you think it’s not fair for TRin shareholders - and take TXP share price collapse into consideration! |
Posted at 13/4/2024 18:12 by nocents I think the bottom line is that Trinity is low profile and in AIM. Institutional investors are not interested, and Trin shot themselves severely in the foot with Jacobin. They lost the confidence of the private investor and the mm’s just slumped it as they do. I don’t think many people except us have a clue about the nuts and bolts of the company. Most people just want a quick profit asap and out, thank you very much. They probably don’t understand SPT, no hedging, discounted price etc. Even Cavendish think Trin will pay no spt at all in 2024, but I think they may. This quarter is already averaging $76.5. And oil is holding up. Last year had no hedging too but the money was squandered.Trin need to increase bopd and investor trust. And the dividend. And sell assets in Galeota. Unfortunately management have not shown the greatest competence since BD died . This has wrecked the share price. I think the big shareholders will have made their feelings known. Newlands owns over 10%. Trin should be marketing Galeota( Perenco are next door), increaing the dividend as promised, and explaining what( if anything) they have learned from Jacobin. The update in about 10 days may be a flop ( Q1 usually is) but ought not to be. No SPT. Decent profit. No capex. Let’s see if they manage to shoot the other foot or not. Disgrace if they do. 40p( 4p old money) is well below the all-time low in Covid of 55p(5.5p). I fear a year stuck in the Sargasso with no wind in our sails, but it all comes down to management competence and care. The big holders need to know the plan or should be proactive and move management out if it does not happen. Not yet though. See what 10 days bring. Have no expectations. But the ground is solid and assets plentiful. But this is Trin and it is in AIM. Grab and run index. |
Posted at 07/4/2024 16:29 by aqc888 Question;What stimulants could cause the share price to rise substantially and what are the odds of each? Galeota bid from rival producers; Share price effect - could see it rise to 150p Farm out deal of Galeota- similar to above Opportunistic bid from rival for whole company - should see share price rise to at least 100p Oil discovery in BA - increase in production would cause share price coupled with high oil price to reset to a sensible level approaching 100p Oil price maintains current level and first 15% distribution is made - skeptics will have to concede the share price needs to re rate or the dividend will be obscenely high. Share price will reach 60-80p. Now what could cause the share price to fall?… Slow further decline in bopd… this is already well factored into share price, minimal effect I’d say. Jacobin confirmed as flop - already baked into share price. My point being there are possibilities of substantial increases |
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