Trinity Care Share Discussion Threads

[plainz] 15/3/2006 01:10

If you held on simon well done. Who ever buys these will be getting them very cheap.

[plainz] 15/2/2006 13:35

Well done simon, 50% isn't bad.

I can't imagine BHP will counterbid. they have rights they have agreed to give up, if they wanted control they'd use these instead and a have a 50% stake.

Skafell are unlikely to come back as well. The management might have profit shares or positions with the deal. Crosby are good at spotting assets though. If they'd gone 80c instead of 64c to start they'd probably have taken it.

[simonbroughton] 15/2/2006 10:47

plainz, one can hardly blame the management. On the face of it Antofagasta offered a decent premium to the share price yesterday.

I had hoped that TYC would go all the way and that I would get a multibagger but I will have made nearly 50% in a couple of weeks and the management will have done a whole lot better than that.

I hope that BHP Billiton will sit up and take notice and come in with a higher bid. After all it is a very big resource.

[plainz] 15/2/2006 10:22

i was waiting for aim but too late now. It does seem too cheap but the management don't seem to mind.

[simonbroughton] 15/2/2006 07:52

Well, all this is short lived now it seems.

Antofagasta has now decided to buy out the whole company at au$1.20 per share.
This has been unanimously recommended by the board.

A nice short term gain for those of us who are already in but still ludicrously cheap in view of the size of the resource.

[simonbroughton] 13/2/2006 17:56

langland is correct.

I spoke to John Harrison at Numis today and he told me that TYC are not raising any extra cash from the forthcoming float. The company wants exposure to the London market because Antofagasta is virtually unknown in Australia but listed in London and so investor interest was likely to be greater over here in the light of the Antofagasta deal.

Where the Sunday Telegraph got £20m from I don't know unless they made an error and meant to say £50m.

If you have a query the Numis number to ring is 020 7776 1590

[langland] 13/2/2006 07:17

Mkt. cap is 118mn Aud which is about £50mn. Still cheap.

[plainz] 13/2/2006 04:24

Have they got the market cap wrong in the article?

[simonbroughton] 08/2/2006 20:35

flips, I think Numis securities is handling the float. I don't know if you can get in on the float or not. The AIM listing is a secondary listing and this has become common practice amongst foreign companies looking for extra exposure on the LSE. The ASX listing will remain.

You can add to your ASX holding through any broker willing to do the trade on your behalf or, if you cannot get in on the float, wait for trading to start on AIM and buy then in the normal way.

[flips] 08/2/2006 18:46

SB. Thanks for that. So how do we buy (add to our current ASX holdings) at the AIM launch? Join the queue with the others? Do we know who is handling the float? And will the shares continue to be listed separately, both on ASX and AIM? All info gratefully received.

[simonbroughton] 08/2/2006 18:45

gwilkins, may I suggest you phone Numis Securities 020 7776 1493 if you haven't already.

[simonbroughton] 08/2/2006 18:39

flips, you are dead right! By far the best possible outcome is to agree the JV agreement with Antofagasta. Then the sky would be the limit as to how far these will go in time.

gwilkins, I decided to buy on the ASX so that I could have them in my ISA. The voting on the deal with Antofagasta and other resolutions concerning the granting of options will take place on Feb 23rd. If the resolutions are all passed, as I expect, the company will be safe from the take over attempt and I think the share price will rise sharply. The AIM float is due to take place on or about Feb 28th and I would guess that the shares will start trading at a higher price than the current price on the ASX.

I shall be on holiday by Feb 28th anyway. When trading starts I will be stepping onto the tarmac at Cape Town airport!

[gwilkins26] 08/2/2006 08:25

Has anyone tried to get any shares from the upcoming placement on AIM ?

[flips] 07/2/2006 23:06

Today I received an invitation to sell my shares at AUD 0.775 in the takeover bid for Tethyan. As the current price is AUD 0.9 it seems wise to decline this less-than-generous offer. Am I right?

[plainz] 07/2/2006 09:17

Back down to 90c. The chart seems to be delayed by a day on this.

Anyone have opinions on these?

[plainz] 06/2/2006 08:06

Now 95c. Was upto 98c.

[plainz] 03/2/2006 09:16

Ticked down slightly overnight. Any guesses where it'll be for AIM listing?

[simonbroughton] 01/2/2006 20:31

plainz, I paid a £12.50 admin fee and a £50 depot fee. My broker is Gerrard.

[plainz] 01/2/2006 15:12

Share price now 88.5c on ASX.

[langland] 31/1/2006 16:24

I paid £76 on 7600 transaction ...seemed in line with what i normally pay.

[plainz] 31/1/2006 15:25

What were the charges? I've been quoted £50 a transaction from www.stocktrade.co.uk as they are held in an overseas nominee account, plus dealing charges (£15-25).

Does this seem in line?

[langland] 31/1/2006 07:43

walker crips but i'm sure many other brokers could do it. i also have some oz stocks with natwest.

[plainz] 31/1/2006 07:29

And now 88c.

langland who did you use?