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| 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% | 68.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 68.00 | 68.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 22/10/2024 18:53 by nocents Nafafa. They can afford it. Small beer.As for Ab. He trusted too much. He has admitted his mistake. A shame, but he made his choice from genuine trust. He was just wrong. Like I have been. I trusted Trin post Bruce too. BIG mistake. Although I was willing to lead an investor action group , like u say, but not enough shares. The big holders showed apathy. |
Posted at 23/8/2024 13:11 by nafafa Investors are clearly not very convinced by TXP, their share price has now languished around 30p for some considerable time. Surely this is not due to the uncertainty over the Trin acquisition, but more likely fundamental concerns about whether TXP will ever show a decent return to investors.Interestin |
Posted at 12/8/2024 16:45 by aimwinner AndrewYou make some interesting points. “Why is our company, which has million of dollars in cash and a business capable of producing many more, being sold and being sold at a discount to its core net asset valuation?” You answer your own question in the next paragraph, It has not got the money to develop those assets so therefore it need to raise more money or sell the assets or the entire company. Would you stand your corner if Trinity raised £20 million, what about the other shareholders who have signed irrevocables are they keen to put in fresh capital to the company? Any asset is only worth what a buyer will pay for it regardless of what some brokers analyst theoretically thinks it could be worth. I never rely on house broker notes and very rarely broker notes at all. I know that a lot of private investors struggle to accept that they are losing money I remember you post 7572 that 62p is less than half your cost price. I can be the same BUT I don’t let it cloud my judgement when it is a simple choice as it is here. The Cascadura news is in the market and therefore in the price of Touchstone, the only price moving factor would be if they are late in delivering the pipeline and associated infrastructure to production. This would obviously be bad for the share price. By taking Touchstone paper you have sold the assets at below the very theoretical vale ascribed to them, it is LO who have ascribed a higher value to them not Touchstone. If Touchstone raises their bid to 2 to 1 I still don’t think in a free vote with no irrevocables that it would win. The cash offer gives certainty now. If the LO offer is the only one left which it could be on 23 August or later than there is always a chance of one of the other bigger players coming in higher, why show your had in all this mess let the situation clarify its self first. At 2.5 to 1 you can start to make a case that the bird in the bush is worth more than the cash in the hand. Let us all hope that between the all the parties the Panel can find a way for shareholders to be given a chance to realise the maximum value from their investment even if it is at a loss. If not I expect the litigation lawyers to be licking their lips! |
Posted at 29/7/2024 17:56 by nocents But we have no vote as to the cash offer.Investors have voted through TXP. The BOD hold the cards. |
Posted at 29/7/2024 10:35 by nocents Supreme Leader.If I may touch forelock and proceed. I and the largest holder here, Skyship and others pressed the board consistently to market Trintes and Galeota, partially or as a whols. Nothing but apathy/rejection. After the comment at the Investormeet about p/i’s being responsible for the decline, and the only printed comment in the results by Mr.Clayton, it is clear that to do that ( curious to put it as the only comment in an RNS!) , he must be significantly disparaging of investors. I get the feeling that the BOD come first and well out in front, and I am suspicious of being defecated on yet again. I hope I am totally unfair and completely wrong. Ultimately I don’t know if the cash offer is kosher but do know that Trin is worth more than 68p and would help offset some of the Cascadira declines, so is a valuable offering. |
Posted at 12/6/2024 08:27 by pavey ark Touching that you think the "worth" of a company is reflected in the value set by AIM investors.....especiI can assure you I would be more than delighted if your dream scenario turns out to be correct but if you look past a few selected posts you will see that most TXP posters share my scepticism regarding management and their ability to deliver.....frying pan/fire for TRIN investors !!!??? Until TXP and their management come good (and it has been a long and expensive wait for their shareholders)then this is a risk for TRIN shareholders......ru If as you say some TXP shareholders are against this deal then it rather proves my point about AIM small oil investors. |
Posted at 15/4/2024 07:27 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 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 11/1/2024 19:01 by kenmitch nocents.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/communicati 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. |
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