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TRIN Trinity Exploration & Production Plc

68.00
0.00 (0.00%)
10 Jan 2025 - Closed
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 68.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trinity Exploration & Pr... Share Discussion Threads

Showing 30776 to 30798 of 31000 messages
Chat Pages: 1240  1239  1238  1237  1236  1235  1234  1233  1232  1231  1230  1229  Older
DateSubjectAuthorDiscuss
23/8/2024
10:30
I feel also that Trin is in a win-win right now. Probably!
Unethical behaviour towards Txp certainly though.

nocents
23/8/2024
10:16
AQC888 - I think it is more about the market not knowing the when (rather than not knowing the what).
arlington chetwynd talbott
23/8/2024
10:14
The situation is that the share price is largely in the hands of TRIN smaller shareholders and they have been battered down......have given up ???!!!

My very personal view is that if the deal with Lease Operators goes ahead purchasers today stand to gain 25%+ in four or five months which is a fantastic return rate.

If TXP manage to get their well programme to work their share price will rise ....certainly above 36p....(you can do the arithmetic).

Even if the TXP wells fail and they somehow manage to get TRIN then TRIN is such a steal for them their price will go up.....again probably above 36p.

Absolutely no guarantees in share purchases (or life) but I like the odds here.

pavey ark
23/8/2024
09:53
So current sale price if sold to txp is around 45p, sale price to Lo is 68p and current share price is 54p. I suppose that indicates the market isn’t sure what will happen…
aqc888
23/8/2024
09:42
Well that 20k "sell" this morning was a "buy"

The recommended CASH bid is 68p and is moving along .....there is a second company wanting TRIN yet the current price is 25%+ below the bid price ???

I consider the 68p bid to be a lowball figure but as I point out the current share price is well below that.

Things are not that simple but neither are they that complex.

"you pays your money and you takes your chance"

pavey ark
23/8/2024
07:29
"coordination with the expected receipt of remaining regulatory approval relating to the Acquisition and agreement of a Court approved timetable for the Scheme."

"expected receipt".....doesn't look like they see any problems from T&T or the Takeover Panel

pavey ark
23/8/2024
07:06
Someone disagrees! Why not put your head above the parapet and join the discussion?
arlington chetwynd talbott
23/8/2024
06:45
Encouraging RNS - looks like the Panel is, as we suspected, on the side of common sense. From his recent radio silence it may be that even Ab76 is reconsidering his position. I hope so.
arlington chetwynd talbott
22/8/2024
21:10
This whole business is unsavoury and deeply confusing. Had enough tbh.
Stalemate. Can’tcsee solution.
Switch off maybe.

nocents
22/8/2024
20:42
I wonder how dependent txp is upon the operational services of LO in Trinidad? I’d imagine for some services LO are their main and or only supplier? Do TXP really want to put themselves in the situation whereby an important family owned supplier (same owners for next 20years) has a personal spat with them on a small island? It could make for a very messy future - all depending on how reliant they are upon each other… for all we know the Lo bid could be the result, in part, of previous grievances? Who knows… there’s probably a lot at play in Trinidad that none of us in the U.K. have any idea about!
aqc888
22/8/2024
20:04
Never has there been a greater time to see the ‘words’ TRIN and LOL together!
princebuster2
22/8/2024
19:58
The present stalemate is damaging to both companies. Both share prices are reflecting this. If Txp wait until Cascadura results and they turn out not to be blindingly good then this will strengthen Trinity’s case. But do Txp want to wait that long and take that risk? Trinity offers oil, cash , cash generation and assets which could be sold or used against some tax. Seems to me Txp are weaker without Trin than vice versa as they are relying on good results, a lack of decline in production, and they have debt where Trin do not. Walking a fine line.
Lol are funding this with debt but Trin can service that debt just as they could with Txp.
I still stand by my enormous confusion about all this and the potential solution. Stalemate!

nocents
22/8/2024
19:30
I certainly would not envisage TXP taking this to court but it would be interesting especially if their share price is still languishing in the low 30s.
I for one would take TXP paper if they showed any sign of producing and maintaining a steady flow of cash.

If the TXP drilling programme works out then the value of their offer will rise .....if not I don't think they would want a court to examine the promises/predictions made with their initial offer to TRIN.

"we demand you take our paper worth 45p and reject that 68p cash bid" would not be a great argument.

pavey ark
22/8/2024
19:00
I would assume if LOL offer to indemnify the major TRIN shareholders from any claims or legal proceedings by TXP for voting for the LOL offer and potentially breaching their irrevocable undertakings (Arguably on a technicality as it is indeed a "Higher Offer", just a few days late and would in any event be for courts to decide) that would get this over the line.
redtrend
22/8/2024
11:16
Dark room.
Post haste.

nocents
22/8/2024
08:56
Another Pavey Ark post that I completely agree with. This is doing my head in.
arlington chetwynd talbott
22/8/2024
08:28
AQC888, I would suggest that we are singing from the same sheet here.

As we would both be glad to be clear of T&T ....and the oil industry... we are obviously focused on the cash offer.

LO is a family run, privately owned (substantial) business and as such has a few very important characteristics that should be taken into account but the most important is simply that it is their business and their risk.

We have seen that Clayton and co. at TRIN and I suspect the management at tXP are quite happy to risk shareholders money ......and lose it !!!

Another very important point (emphasised in local press reports)is that the cash bid is from a local , T&T company ......I suspect this would ease any legal problems and the recent announcement from Heritage would back this up.

Because of the actual, real financial cost to the real, actual people making the cash offer I would be willing to bet that they know exactly what is required to get across the line..........perhaps with more clarity and purpose than those dealing with other people's money.

pavey ark
21/8/2024
16:32
Me too.
Must rest!

nocents
21/8/2024
16:28
Oil can never come close to causing such damage as slavery or all the other sufferings. Climate change will only seriously affect the smallest number of people, albeit the most vulnerable.
And as a practising psychotherapist, I can assure you there is only one conscious thinking …no subconscious. And as you are sware of your bias, you are thinking it anyway! Sorry-two falsities.
Call me Mr. Picky, but….
Re. TXP. I feel they are shooting off their toes. Trinity have the cards here it seems, whether we have to wait until January or not. The market has not responded well to TXP.
I have no idea which is the better choice, but will just go with the flow.

nocents
21/8/2024
15:27
Trinity’s tax loss credits can only be utilised by medium sized companies paying taxes in Trinidad? From memory? Which makes the pool of bidders quite small.

From my perspective the market seems to doubt the future successes of TXP - we all know how the market got Jacobin right while we were all enthusiastic… The same seems to be happening now with txp.

Without knowing all the legalities of the Lol bid, what I do know is that Trinity have professional extremely highly paid advisors, so I presume there is a good chance of them achieving their objectives with the lol bid. Also the large shareholders I presume know what they’re doing in persueing it.

I understand the attractiveness of some for txp. However, personally I’m keen to get out for the maximum price asap.

I also increasingly view the oil business as probably less ethical than tobacco or the armaments industries… probably taking this viewpoint subconsciously to reaffirm my decision! But if one reflects on the potential damage the oil business will cause by some calculations- it will probably cause more human suffering than slavery, tobacco and armaments combined! Partly saying that to ruffle a few feathers, but essentially it’s probably correct.

aqc888
21/8/2024
15:17
Lie down in a dark room.
sleveen
21/8/2024
15:08
I find myself agreeing with Pavey Ark. This is worrying.
arlington chetwynd talbott
21/8/2024
14:17
We all make our own investment/trading decisions and this is a very small part of Andrew's holding.

"Obvious trade to switch to TXP"....hmmm ?

I bought some TRIN today (showing as a sell) This is in addition to my core holding.

If anyone is interested my reasoning goes like this.

1.Regardless of any share price reaction to one bid or merger going ahead TRIN is fundamentally a safer bet than TXP.

2. The exact amount is in question but TRIN is profitable (even with a totally incompetent management)and holds a fairly large cash pile.....tax loss credits and a potentially very valuable offshore asset......exact figures and worth being open to debate but worth something.

3. TXP is on a knife edge with a sizeable debt and wells that must produce.

This being said.... if we adopt a totally pragmatic approach then if TXP can produce the goods and the share price reacts then by all means let us hold hands and skip into the future......on the other hand LO are offering an all cash 68p which is 20% up on today's price.
A 20% gain over 4 or 5 months looks quite good but I can also see Andrew's point about the company being worth more and we can't share in any upside with the LO bid.
If the company is worth more and the 68p bid looks like winning there could be a greater cash bid.

TRIN holders need only wait and see and if nothing happens the share price will fall but not the company......we will then get new management in place.

Anyway....as usual..."you pays your money you takes your chance"

pavey ark
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