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TRIN Trinity Exploration & Production Plc

0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Trinity Exploration & Pr... Investors - TRIN

Trinity Exploration & Pr... Investors - TRIN

Share Name Share Symbol Market Stock Type
Trinity Exploration & Production Plc TRIN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 39.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
39.00 39.00 39.00 39.00 39.00
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Industry Sector

Top Investor Posts

Top Posts
Posted at 18/4/2024 08:53 by skyship
"The Company will hold a session for investors via the Investor Meet Company platform in the week commencing 22 April 2024, following the announcement of its Q1 Operational Update that week."

Went on to IM to register for the meeting - only to find it is not yet scheduled!

Can this outfit do anything right?
Posted at 15/4/2024 08:27 by ashkv
Bummed for the long term investors - I have been in the past an investor in TRIN for two extended periods. The first dip was a very profitable investment.

The second go - I thankfully got out at a small profit in what was prior the 10s for TRIN.

Jeremy B - the CEO has to go!!!

Overpaid, misleading communications, poor strategy - WHATEVER HAPPENED TO THE HORIZONTAL WELL THAT LONG LEAD ITEMS HAD BEEN ORDERED AND WAS SUPPOSED TO INCREASE PRODUCTION CIRCA 200 Boe/d??? (as I recall/please correct)

Also poor hiring by the CEO - if I recall TRIN hired in 2022/2023 an exploration Director working in Asia - who has proven to be absolutely incompetent!!!

TRIN should undertake a manner of BLVN strategy - fire most of management / high admin costs and squeeze the profitable assets / return cash to investors in the form of buybacks and dividends!!!

Rest is a waste!!!
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 15/3/2024 23:19 by arlington chetwynd talbott
Had a quick look at the nominee point. It can be done, as this passage suggests:

Investors holding through intermediaries are not considered for the purposes of the Companies Act to be members of a company. This means that a number of shareholder rights (including requisition rights) are only exercisable by the CREST member. For investors to exercise these rights they must be enfranchised in some capacity by the CREST member.”

Obviously this all adds to the workload (but still totally worth it). The quote is from p.16 of this helpful guide:
Posted at 25/2/2024 17:59 by nocents
Fully agree with all of that.
And I think the last bit is also very salient. That time may come.
( The only bit I disagree with is that every investor knows a horror story re. Unscrupulous investors. I would say many many do not, and we can’t know every investor.or whether they know the horror stories. Many will still not. not. I certainly didn’t and fell for them. Many are , I am sure, still as naive as I was.
We can’t know every investor anyway and certainly not whether they know this or not. , Too many certainly, but Certainly can’t be everyone ‘cos we can’t know everyone anyway!!
Apologies for being picky Andrew. .It is an often Irritating trait which I know I have. There will sadly still be many investors iblivious of the unscrupulous directors and their recent rip-offs.
Agree fully with all else you say re. the large shareholders. The stability offered by their presence is crucial and highly noteworthy.
Posted at 20/2/2024 23:43 by andrewbyles
As most of us know, Cavendish have a 201.8p target for Trinity, which is more than four times the current share price.

They base that target on their calculation of Trinity’s net asset value, which in turn is based upon their valuations of the assets using a NPV10 basis.

Cavendish are Trinity’s broker and presumably are paid to produce these forecasts and to make them available free of charge to investors/potential investors.

However, there does appear to be an objective basis upon which these forecasts are made. Cavendish are also Touchstone’s broker (Touchstone is the other listed independent energy company in Trinidad). In their most recent report (February 8th), they value Touchstone at 73.5p per share (also a NPV basis), which is only about 30% greater than its current share price.
Posted at 11/1/2024 19:01 by kenmitch

I’m genuinely sorry about your predicament and to read that your near 70% TRIN loss has so obviously hurt you badly.

My key point though was about so many private investors making the mistake of not selling as soon as there’s bad news. And another terrible mistake is investing more than we can afford to lose.

I’m NOT suggesting you or anyone else should sell TRIN now. That’s after very big share price fall instead of cutting a modest quick small loss far far higher. Once the share does fall so far selling is much riskier because there’s a chance of a bid or change of management etc. Or simply the risk of selling at the bottom. But it’s so wrong and so easily avoidable from getting in to that pickle.

There are so many quality alternative shares to go for both in the oil sector and elsewhere. We soon forget our small loss (as I did the 10% TRIN loss at 80pish)if buying much better alternatives that don’t consistently let their investors down as TRIN has. There’s a far higher chance of winning and recovering previous small loss taken, with better quality and better run alternatives than by persisting with a share that lets down its investors as TRIN has.

Good luck with your TRIN stake. At this price surely there’s hope of a better share price ahead?
Posted at 14/12/2023 08:52 by nocents
I have sent 2 emails to the IR representatives, Vigo, asking for 1) some sort of communication 2) the consideration of asset disposal.
I have received no replies which is very poor.
So the company employed to relate to investors is not relating/communicating.
Trinity is not communicating.
Despite their promise to keep investors ongoingly informed, they are not.
It is now mid December. There has been ample opportunity to release social media info regarding drilling, just as there has been ample opportunity for director buys, had they wanted to.
Yet again silence and kept in the dark while the share price responds to all-time lows.
Large holders should get together and call for change if this communication vacuum is because of poor news or a problem of some sort.
After all the hype regarding LC1 comingled zones being expected to yield much more etc. , this is yet again appalling treatment of investors.
I am not surprised only one person turned up to the presentation.
I personally find it deeply umnprofessional not to have heard back twice from Vigo. The IR officer at Trin( previously Tracey Mackenzie) has cut responsibility for investor communications totally, where Tracey would always respond no matter what.
I am no longer sure what sort of company Trinity has become whilst we sit in silence and the share price reaches all-time depths. Unbelievable.
Posted at 19/11/2023 19:30 by nocents
I had already come to that bumper conclusion re. Q4 SPT. I worked out it’d be below $75 but above $70.

FYI the market is a dynamic collective which judges a share on multiple variables.

I think you have a rather one-dimensional view of investors though.
1) They are human beings.
2) As such they can err.
3) Because the can err and the stock market is dynamic, it is not just about faith in management. As investors are a dynamic part of the collective market, they act on many variables.
4) Investors can get locked in on a loss. Crystallising that is hard for these things called human beings, some of whom are quite feeling creatures
5) Not everybody has a comfy plush seat in First Class and some are quite insecure and perhaps AIM is a mistake for them.
6) I agree Trin’s delays are just not on.Frankly they should do better, faster. I probably feel more strongly about this than you.
I no longer wish to live in Never Never Land-a world of faux promises.
I remember the day Galeota was discovered. The giant still slumbers.
Trinity…please read these forums.
Posted at 23/10/2023 20:59 by aqc888
It’s incredibly frustrating to see management making it difficult for investors to assess the position of a company.
If investors think news is being withheld or not forthcoming enough they will assume the worst. They will assume there is more bad news being withheld. They will assume it’s a pattern that will persist in the future. They will assume the full extent of bad news has not been released.
Other investors will see it as an opportunity believing the management have a history of poor communication and not to read too much into the situation and use the share price weakness.
Meanwhile the share price will experience high volatility. Long term holders will look to exit at the earliest opportunity to avoid the unnerving rollercoaster ride. What will be left is a highly speculative company with wild swings. A lot of the problems with the share price are self inflicted.

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