Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 12/7/2018 13:16

True Dis, I was just thinking about selling pressure but if people can still buy around here the spare funds may get put to use in TRIN.

[diseasex] 12/7/2018 13:05

I think it does matter because it means you haent received unallocated money too ?

[mark10101] 12/7/2018 12:22

It does not really mattter when the new shares hit accounts, people know what they will get and have done since yeasterday. There is nothing stopping people from selling their current holdings in preparation.

[mustbefunny] 12/7/2018 12:08

Don't think allocated shares have hit accounts yet. Mine still shows as subscription shares at unscaled back numbers

[mark10101] 12/7/2018 11:55

Surprisingly little churn going on atm. Seems like the scaling back of the larger applications has been a good way of minimising flippers at these lower levels. I personally think the company has done well all round despite it being a set back personally.

I think as we see more of the holdings RNS’s it will become clearer that few have been able to maintain their previous % holding with most, management included, taking a hit on their holdings and their future performance related remuneration (as it is based on shares not % of company). So pain felt by all for the greater good of the company.

[wisecat2] 12/7/2018 11:24

TBF so hardly any stock over the £10k

[diseasex] 12/7/2018 10:39

TXP is tanking, at least we have some sort of ...stability..

[the big fella] 12/7/2018 09:57

So I have got about 45% of my total application.

[the big fella] 12/7/2018 09:53

For anyone impacted the scaling back over 10k was at a rate of 0.2712635281%

[whiskeyinthejar] 12/7/2018 09:36

Yes typical Trinity conservative nature. They over provisioned in restructure in 2016 too for example.

[uapatel] 12/7/2018 09:36

GO,

Fair enough, means room for upside - under promise and over deliver then.

No sign of my small allocation (20K shares) from Charles Stanley as yet.

[uapatel] 12/7/2018 09:21

WITJ,

Would the pessimistic approach be in part due natural decline rates of producing wells, even with recent Workovers/RCPs?

[wisecat2] 12/7/2018 09:02

interactive I. say they receive the amount later today from the company. great

[marvelman] 12/7/2018 09:01

Not me from Iweb wwick...still waiting

[wwick] 12/7/2018 08:58

Morning, has anyone actually received their placing allocation? Thanks

[diseasex] 11/7/2018 23:10

isnt fcf coming in 2020 ?

[shrewdmole] 11/7/2018 22:58

Shifting wealth.

I added about 400k today after the gm.

I was very disappointed with the way the placing was initially handled but feel it was a prudent move for management as they've got rid of the drag on the share price of the debt and cln. It's now debt free, cln free and producing fcf each month.

I still have a sneaky suspicion there's an acquisition being considered.

S

[diseasex] 11/7/2018 18:24

High volume, no price move might indicate Big move ahead of us. Just hoping for the right direction

[whiskeyinthejar] 11/7/2018 16:34

Huge inventory draw . Largest crude draw since September 2016. Oil off a bit though, on rumours of some Libyan production returning.

Crude: -12.633M
Cushing: -2.062M
Gasoline: -0.694M
Distillates: 4.125M

[diseasex] 11/7/2018 15:52

and GBP for valuation =)

[diseasex] 11/7/2018 15:30

are you not confusing dollars and GBP ?

[acsatix] 11/7/2018 15:27

at 17 p with 385 M shares outstanding the co mark cap is 65M of which 20 M at least cash in the bank (but more like a bit more... like 25 m


so we sit on a ex cash P/e that is attractive and ex cash shares are down >40% from the peak. even if we just match the recent highs and ignoring the cash in bank, we are in for a 18 % increase in market cap from here, but how can we ignore the cash?