Share Name Share Symbol Market Type Share ISIN Share Description
Trinity LSE:TRIN London Ordinary Share GB00B8JG4R91 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  +1.00p +4.35% 24.00p 2,716,993 16:35:05
Bid Price Offer Price High Price Low Price Open Price
24.10p 25.00p 25.90p 23.90p 23.90p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 33.4 18.7 6.7 3.6 67.78

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Date Time Title Posts
22/5/201823:28Trinity Exploration & Production 2018694
18/4/201813:43Trinity Exploration & Production PLC6,457
14/2/201713:30Trinity with volume charts1
07/2/201708:31TRINITY EXPLORATION and PRODUCTION LTD3,403
21/4/200420:59TRIN: Trading Index, Charts & Comments21

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Trinity (TRIN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-05-22 16:06:3824.00165,00039,600.00O
2018-05-22 15:54:4124.9015,0003,735.00O
2018-05-22 15:54:2624.3420048.68O
2018-05-22 15:53:5124.1610024.16O
2018-05-22 15:35:0524.007117.04UT
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Trinity (TRIN) Top Chat Posts

DateSubject
22/5/2018
09:20
Trinity Daily Update: Trinity is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker TRIN. The last closing price for Trinity was 23p.
Trinity has a 4 week average price of 22.10p and a 12 week average price of 15.05p.
The 1 year high share price is 27.90p while the 1 year low share price is currently 9.50p.
There are currently 282,399,986 shares in issue and the average daily traded volume is 1,550,951 shares. The market capitalisation of Trinity is £67,775,996.64.
08/5/2018
02:04
whiskeyinthejar: Just for fun- comparison of Trinity, Genel and Soco. Operationally this year, all three have been delivering to management guidance (no big surprises as far as Im aware). But if Trinity had responded to oil price as well as Genel over last 3 months, it'd be at 35p, if it had Socos performance, we'd be on 15p: All three are highly profitable and have low costs. All three are oil producers, with not much gas production. None of them have much exploration going on. But Genel has significant debt and significant political risk, whereas Soco has no debt and little political risk. Unsurprisingly, though, the difference I think is valuations. Soco,Trinity and Genel will all benefit from increased cashflow from rising oil. However IMO Genel and Trinity shares benefit more because rising oil is the catalyst for their value to be recognised. Soco PE is about 8, Genels is half that. And Socos license on its only producing asset runs out in 8 years so it's value is declining. If Soco had took on debt and bought a production asset when oil was depressed I think it's share price would be doing better this year. Instead they are still looking, and if they want to buy Trinity or similar they'll have to pay rather more now than last year.
03/5/2018
08:18
gabrieloak: Just to clarify the position on the Incentive plan for management: The Company issued awards under its Long-Term Incentive Plan ("LTIP") to the Executive Directors and other key employees ("management"). The LTIP comprises an important aspect of Trinity's remuneration philosophy and allows management to share in the Company's success when the business strategy is executed successfully. Furthermore, the Company recognises the need to ensure that management are retained and incentivised to grow the value of the business and generate shareholder returns over its next phase of development following the funding and share reorganisation in January 2017. The Company believes that this one-off award will give management the opportunity to build up a meaningful shareholding in Trinity which further aligns their interest with shareholders and will help maintain the culture within Trinity which encourages strong and sustained corporate performance that drives absolute returns to shareholders over the longer-term. As a result, the Company announces the grant of Options over 25,415,998 ordinary shares (representing 9.0 per cent of the Company's issued share capital) under the LTIP on 25 August 2017, including awards to the Executive Directors as shown below: Bruce Dingwall 9mln shares Jeremy Bridglalsingh 5mln shares The Options will normally vest on 30 June 2022, subject to meeting performance targets relating to: In respect of 70 per cent of the award, the Company's share price growth from the 2017 placing price of 4.98 pence per share. If the 3 month volume-weighted price ("VWAP") at the testing date is 35 pence or more per share, this part of the award will vest in full. If the VWAP at the testing date is 4.98 pence per share or less, this part of the award will not vest at all. If the VWAP at the testing date is between 4.98 pence and 35 pence per share, this part of the award will vest on a pro-rated straight-line basis - In respect of 20 per cent of the award, repayment of the amount due to the Board of Inland Revenue of Trinidad and Tobago ("BIR") in accordance with the terms of the Creditors Proposal approved in 2017. The final payment under the Creditors Proposal is due on 30 September 2019 - In respect of 10 per cent of the award, redemption of all the Convertible Loan Notes issued in January 2017 before the second anniversary of their issue. The Options could, however, vest in whole or in part on 30 June 2020 or 30 June 2021 to the extent that the relevant performance conditions have been met. Subject to meeting these conditions and continued employment in the Company, the Options are exercisable at nil cost by the participants. The Company may in future make additional one off awards in respect of Options over a further 2,824,000 ordinary shares (representing 1.0 per cent of the Company's issued share capital) on the same terms as the 2017 LTIP Awards. It is intended that such awards, if made, will be to new joiners or to award exceptional performance. The current intention of the Company is that the aggregate number of ordinary shares that may be issued or reserved for issuance under awards granted pursuant to the LTIP may not exceed 15 per cent of the Company's issued share capital. This includes the 10 per cent relating to the one-off 2017 LTIP Awards and up to 1 per cent per annum for future awards.
20/3/2018
11:08
spellbrook: nice volume after yesterdays trades, for anyone new popping in worth another read BELOW...... Join the Caribbean oil rush as Trinity Exploration & Production looks set to drum up healthy returns Having spent the early part of his career at giants such as ExxonMobil and Lasmo, he co-founded Venture Production in 1996, a business ultimately sold to Centrica for more than £2billion. Dingwall left Venture in 2004, acquired its Trinidadian assets and set up Trinity Exploration a year later. He has been hard at work ever since. Many people associate Trinidad and Tobago with carnival celebrations and Caribbean holidays. But Trinidad is a major oil-producing nation, with companies such as BP, Shell and Chevron all operating off its coast. Trinity has cut overheads, trimmed its workforce and is now increasing production. The current price reflects Trinity¿s troubled past rather than its future and the shares are a bargain +2 Trinity has cut overheads, trimmed its workforce and is now increasing production. The current price reflects Trinity's troubled past rather than its future and the shares are a bargain Trinity is a smaller beast, but it is a significant local player, with a substantial onshore presence and offshore assets too. Earlier this month, Dingwall released figures showing that production rose more than 10 per cent from the first half of 2017 to the second half. Average production totalled 2,600 barrels a day, rising to 3,000 barrels during December. This year, the company aims to achieve daily production of between 2,800 and 3,000 barrels, rising to at least 4,000 by 2020. The company owns licences to more than a thousand wells but has been focusing on just 140 to keep expenditure down. Over time, new wells will be drilled, but Dingwall is determined to keep costs low, as Trinity is now one of the leanest oil companies in the industry with total costs of just $30 (£21.50) a barrel. Midas verdict: Trinity was hit hard when the oil price collapsed and the group is still feeling the pain. But Dingwall is nursing the company back to health, backed by an enthusiastic and dedicated workforce. Prospects are brighter than they have been in years, the group's long-term ambition is to reach daily production of more than 7,000 barrels and brokers believe the share price should more than double over the next 12 months. Adventurous investors should snap up some shares now. At 15.5p, they could prove a rewarding investment. Traded on: AIM Ticker: TRIN Contact: trinityexploration.com or 001 868 653 7651 Http://www.thisismoney.co.uk/money/investing/article-5513405/MIDAS-SHARE-TIPS-Trinity-Exploration-set-healthy-returns.html
18/3/2018
16:19
spellbrook: For anyone new that joins here’s the full article, good luck all TRINNERS.you need luck, tips, investors, to pick a winner and just maybe this little beast is waking up.. MIDAS SHARE TIPS: Join the Caribbean oil rush as Trinidad-based Trinity Exploration & Production looks set to drum up healthy returns By Joanne Hart, Financial Mail on Sunday PUBLISHED: 22:01, 17 March 2018 | UPDATED: 11:54, 18 March 2018 At its height in 2014, Trinity Exploration & Production was valued on the stock market at about £150million and the shares were trading at 159p. Then the oil price slumped and the Trinidad-based oil producer found itself with too much debt, too many staff and a bloated cost base. Chairman Bruce Dingwall was forced to issue nearly 200million new shares as part of a comprehensive restructuring package. Today, Trinity's valuation has shrunk to £44million and the stock is 15.5p. Out of the doldrums: At its height in 2014, Trinity Exploration & Production was valued on the stock market at about £150 million and the shares were trading at 159p Out of the doldrums: At its height in 2014, Trinity Exploration & Production was valued on the stock market at about £150 million and the shares were trading at 159p However, Trinity has cut overheads, trimmed its workforce and is now increasing production. The current price reflects Trinity's troubled past rather than its future and the shares are a bargain. Dingwall was born and raised in Trinidad and has spent more than 30 years in the international oil and gas business. Having spent the early part of his career at giants such as ExxonMobil and Lasmo, he co-founded Venture Production in 1996, a business ultimately sold to Centrica for more than £2billion. Dingwall left Venture in 2004, acquired its Trinidadian assets and set up Trinity Exploration a year later. He has been hard at work ever since. Many people associate Trinidad and Tobago with carnival celebrations and Caribbean holidays. But Trinidad is a major oil-producing nation, with companies such as BP, Shell and Chevron all operating off its coast. Trinity has cut overheads, trimmed its workforce and is now increasing production. The current price reflects Trinity’s troubled past rather than its future and the shares are a bargain Trinity has cut overheads, trimmed its workforce and is now increasing production. The current price reflects Trinity's troubled past rather than its future and the shares are a bargain Trinity is a smaller beast, but it is a significant local player, with a substantial onshore presence and offshore assets too. Earlier this month, Dingwall released figures showing that production rose more than 10 per cent from the first half of 2017 to the second half. Average production totalled 2,600 barrels a day, rising to 3,000 barrels during December. This year, the company aims to achieve daily production of between 2,800 and 3,000 barrels, rising to at least 4,000 by 2020. The company owns licences to more than a thousand wells but has been focusing on just 140 to keep expenditure down. Over time, new wells will be drilled, but Dingwall is determined to keep costs low, as Trinity is now one of the leanest oil companies in the industry with total costs of just $30 (£21.50) a barrel. Midas verdict: Trinity was hit hard when the oil price collapsed and the group is still feeling the pain. But Dingwall is nursing the company back to health, backed by an enthusiastic and dedicated workforce. Prospects are brighter than they have been in years, the group's long-term ambition is to reach daily production of more than 7,000 barrels and brokers believe the share price should more than double over the next 12 months. Adventurous investors should snap up some shares now. At 15.5p, they could prove a rewarding investment. Traded on: AIM Ticker: TRIN Contact: trinityexploration.com or 001 868 653 7651
08/3/2018
23:32
whiskeyinthejar: Trinity Exploration & Production (LSE:TRIN) Market Cap: £43.6m Price: 15.6p Spread: 8.6% Cash: £8.4m Source: Trinity Our third pick is the turnaround story of Trinidad and Tobago based Trinity Exploration & Production. Trinity heralded 2016 as a “transformational period” for the Group; with the company on its last legs and the share price plunging to pennies, it would have been hard to imagine the position that we look at today. The company is beginning to look up, with CEO Bruce Dingwall saying that they are “breathing oxygen again.” An Operating Update from the 5th of Feburary revealed that these claims were well supported, with a reported production rate of 2,777boepd for the three month period, an 11% increase QoQ, and an expected sustained production rate above 3,000boepd to be achieved in late 2018 announced. Trinity have massively cut their net debt positon to $0.1m from $38.0m in 2016, which leaves Trinity with only $5.9m left to pay on the loans that the company took out to make the turnaround possible. This is $2.9m below the amount envisaged under the ratified repayment plan. Now, with multiple production sites, and payment facilities from the restructuring coming to an end, Trinity are well placed for natural growth in production and cash flows. After the restructuring, only vital assets were kept and so the balance sheet looks streamlined and a lot healthier than it had done in the past, especially with their large relative cash position (c.20% of market cap) offering safety. The share price now sits around 15-16p, but with a RENAV of around 32p (oil prices factored in at $50bp) we believe that Trinity has the potential to see significant upside in the near future. We note that Trinity's full year results are out in early May, and in our eyes, any good news could act as a significant catalyst for the shares to cap off a very important 2017." Https://www.cjexposure.com/single-post/2018/03/07/Gaining-Exposure-to-Oil-Gas
15/11/2017
11:40
tomps2: TRIN presentation at ShareSoc November 2017 CEO Bruce Dingwall c. 40 minutes Http://www.piworld.co.uk/2017/11/15/trinity-exploration-production-trin-at-sharesoc-growth-seminar-november-2017/ Introduction to Bruce Dingwall – 00:38 Trinidad and oil production – 02:22 Trinity’s oil fields – 03:30 Trinity’s law and national landscape – 04:13 Corporate snapshot – 05:47 Who are we? What do we do? - 06:54 Trinity’s reserves – 09:18 Oil production in 2017 - 09:40 Trinity’s key metrics – 13:45 EBITDA margin: 27% – 14:42 Cost base down 57% since 2014 – 15:48 Peer group comparison - 16:44 H2 2017: increased work programme - 17:46 Momentum - 18:33 2018-19 outlook - 23:20 Margin comparison - 23:55 Summary – 24:19 Q&A Why is the share price so undervalued? - 25:05 What’s the likely CAPEX over the coming years? – 27:54 Could you explain how the tax and royalties work? - 29:50 Why has it taken so long to get to cash flow positive? - 32:06 What is your dividend policy? – 33:55 What are institutions asking for Trinity to achieve before they take a stake? - 24:25 Why is the share price so low, what do you need to do? - 36:05 Why is the performance not consistent? - 37:25 With the history of Venture Productions, who has stayed with you? What are your plans? – 38:09
05/10/2017
08:08
wingspan: Article should read for those who care: Shares in Trinity could ‘triple in value’ says broker Production, profit and cash flow are heading in the right direction 05 October 2017|Smaller Companies Issue: 05 Oct 2017 - Page 37 Tight control on costs and increasing production have increased profitability and cash flow at Trinidad oil producer Trinity Exploration & Production (TRIN:AIM) and provide a catalyst for the share price. Trinity completed a $15m restructuring earlier this year which has reduced net debt from $34.3m to just $1.2m. The company’s cash balance has also improved by 125% to $11.5m as of 30 June. The share price enjoyed a rally earlier in 2017 but has stalled over the past six months while the market awaited confirmation of the facts. We think now is a good time to buy as Trinity is targeting the ‘low hanging fruit’ in its portfolio, according to broker Cantor Fitzgerald. An increase in operating activities across its core assets during July and August has restored production levels to 2,600 barrels of oil per day (bopd). That puts it on track to hit year-end guidance of between 2,600 and 2,800 bopd and a near term target of 3,000 bopd. Management is targeting 3+ year BOPD number nearer 5-7,000 BOPD assuming a successful program kicked off by second half ramp up in well overhauls. The target should mainly be achieved by low-cost work on existing wells and drilling some additional production wells on the onshore portfolio. Executive chairman Bruce Dingwall tells Shares the company may drill on its offshore Trintes field in 2018 which will be a strong catalyst for the share price. At current WTI oil prices Trinity will be able to deliver decent profit as the company believes it can make money above an oil price of $28.2 per barrel. Trinidad has pointed to an overhaul of the SPT which will be economically significant for TRIN. The first oil deposits in Trinidad were discovered in 1866 and the first well was drilled in 1867 with continuous production beginning as early as 1908. Trinity is a material player in this industry – accounting for more than 3% of the island’s total oil production. Dingwall says although the regulatory system can take time to navigate, ‘it is also very process-driven, so you know where you stand’ and TRIN is locally run. The island has plenty of infrastructure including roads and equipment. The sub-surface is also very well understood because there has been so much drilling. This reduces the risk of production wells underperforming. Dingwall may already be familiar to investors in the UK oil and gas sector. He founded North Sea-focused Venture Production in 1997. The company was floated on the stock market at 170p in 2002 and subsequently acquired by Centrica in August 2009 for 845p per share. Dingwall insists his current company is ‘not an idea; it is a well-established profitable business’. Through a well aligned and experienced management team holders can look forward to a strong broker update soon, strong quarterly update early next month and a period where the market re-evaluates the value of this business - BUY Target price 40+ Pence
05/10/2017
07:35
gersemi: Shares in Trinity could ‘triple in value’ says broker Production, profit and cash flow are heading in the right direction 05 October 2017|Smaller Companies Issue: 05 Oct 2017 - Page 37 Tight control on costs and increasing production could improve profitability and cash flow at Trinidad oil producer Trinity Exploration & Production (TRIN:AIM) and provide a catalyst for the share price. Trinity completed a $15m restructuring earlier this year which has reduced net debt from $34.3m to just $1.2m. The company’s cash balance has also improved by 125% to $11.5m as of 30 June. The share price enjoyed a rally earlier in 2017 but has stalled over the past six months. We think now is a good time to buy as Trinity is targeting the ‘low hanging fruit’ in its portfolio, according to broker Cantor Fitzgerald. An increase in operating activities across its core assets during July and August has restored production levels to 2,600 barrels of oil per day (bopd). That puts it on track to hit year-end guidance of between 2,600 and 2,800 bopd and a 12-month target of 3,000 bopd. The target should mainly be achieved by low-cost work on existing wells and drilling some additional production wells on the onshore portfolio. Executive chairman Bruce Dingwall tells Shares the company may drill on its offshore Trintes field in 2018. At current oil prices of around $56 per barrel Trinity should be able to deliver decent profit as the company believes it can make money above an oil price of $32.8 per barrel. Mature oil and gas industry Trinidad has a mature oil and gas industry. The first oil deposits were discovered in 1866 and the first well was drilled in 1867 with continuous production beginning as early as 1908. Trinity is a material player in this industry – accounting for more than 3% of the island’s total oil production. Dingwall says although the regulatory system can take time to navigate, ‘it is also very process-driven, so you know where you stand’. The island has plenty of infrastructure including roads and equipment. The sub-surface is also very well understood because there has been so much drilling. This reduces the risk of production wells underperforming. Dingwall may already be familiar to investors in the UK oil and gas sector. He founded North Sea-focused Venture Production in 1997. The company was floated on the stock market at 170p in 2002 and subsequently acquired by Centrica in August 2009 for 845p per share. Dingwall insists his current company is ‘not an idea; it is a well-established profitable business’. -
15/9/2017
13:30
che7win: Oil goes one way, Trin share price the opposite?
28/8/2017
15:06
whiskeyinthejar: Oil price is certainly a factor in TRIN share price I think, but not necessarily the spot price itself as rossannan says. It's fear and greed, rather than arithmetic. The wti bottom for this year was mid June at about $42. But TRIN is roughly at the same price now as it was in mid June. Rising wti does help us though. But its the direction of wti though thats often more important, rather than the spot price. eg wti at $45 on a rising trend will encourage investors to buy shares in oil companies, but if wti is at $50 and falling day by day they'll tend to wait to buy oil shares, hoping to buy cheaper later. In fact I think the company has made some modest progress since it peaked at 18.5p in March and IMO there's no fundamental reason for it falling back almost 50%. But the story IMHO has been this down trend and waiting for confirmation that the bottom is in. However, it looks like we may have finally bottomed so we might get a run up now ahead of trading update. Especially as production has bottomed now and should continue trending up now I think.
Trinity share price data is direct from the London Stock Exchange
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