Trinity Exploration & Pr... Share Discussion Threads

[nocents] 17/1/2020 12:54

It is just a normal low-volume AIM share. It has reacted to sells and buys today. Many shares are exactly the same.AIM /FTSE 250/350 . Particularly since interrst rates dropped and the public started investing. You are very very good at your research. But truly...it is the same across the market . Particularly with no stamp duty shares. But even then not . E.g. You pay stamp duty on Tullow Oil and it has always been an”AT” controlled share. Trin just overreacts to low volume at times.
Sorry...not meanong to lecture just to help/clarify.

[mount teide] 17/1/2020 12:50

Hi M5 - further to an earlier post with respect to your advfn name - it was an enquiry having owned three generations of the car.

Best of the lot by far was the last manual version the E39 V8 - tried to buy it back shortly after selling it, after realising I'd made a huge mistake - sadly, the owner who still had a smile like a Cheshire Cat couldn't be enticed even with a 25% premium!

[oilinvestoral] 17/1/2020 12:22

Why does TRIN share price behave like this? I knew I should've derisked at 13p+! This is a traders share! Being manipulated like no other

[princebuster2] 17/1/2020 11:56

Bit crazy leaving at 11p when they had the chance at 13?? Bad trading that is!

[nocents] 17/1/2020 11:42

Nothing to do with nasties. There are no nasties. Quite the contrary.
It’s rather like the wait before an important economic or political decision. Markets and many many individuals ( i.e.investors) don’t like uncertainty. There is in fact next to zero uncertainty regarding the update...but people fall for the tree-shake mentioned by Mark10101 and exit. They would’ve done it at the shake of a leaf anyway.

[m5] 17/1/2020 11:41

Mount Teide17 Jan '20 - 10:57 - 6320 of 6325

Best post I have read for ages. Absolutely spot on.

[mount teide] 17/1/2020 11:30

Getting back close to buy territory again courtesy of the short term traders :-)

[mark10101] 17/1/2020 11:25

WTI looking a bit perkier, the tree shake continues. With 3 months since the last update I am pretty sure Bruce and team will demonstrate the current valuation gap and that 2020 is set to be a great year for TRIN.

[astorcourt] 17/1/2020 11:21

or nasties coming out in the update

[otemple3] 17/1/2020 11:20

Doesn't look like anyone fancies waiting for the update then....

[otemple3] 17/1/2020 10:26

Just heard back from Tracy and she said they don't have a set date for the updates, just depends when they can get the internal data together plus (more problematically) the data from heritage which she said can take a few days longer. She did say the update will be coming out 'very soon'

[nafafa] 17/1/2020 08:21

Mount, sovereign investment funds are moving out of O&G and I don’t see them coming back. I don’t doubt fossil fuels will have a role to play well into the future but for all of our sakes it must be substantially reduced from current levels.

[mount teide] 16/1/2020 22:30

nafafa - 'Oil investments have had their day'

If you could point me to a single company outside the O&G sector that has been able to purchase high quality, but poorly managed assets for a net $92m, that relatively soon afterwards the new management had generating circa $300m annual operating cash flow with - I'm all ears!

The highest performing O&G asset I've come across in the sector over the last few years is a mature, loss making heavy oil field bought for $10m, that is now generating $8.5m a MONTH(yes you read that right!) operating cash flow!

Consequently, the O&G sector will remain a large part of the portfolio, particularly when it is so unloved, trading close to decade lows and in the early years of the recovery stage of a new market cycle.

[nafafa] 16/1/2020 21:23

Mount, I am guilty; sold a chunk at 13p and I do not intend to buy them back. Oil investments have had their day, so the strategy has got to be pull the money out, pay a dividend and sensibly manage decline.

[nocents] 16/1/2020 20:34

I feel that the media coverage after the results and update ( if they ever come) are likely to bear more fruit than the update itself. So many punters now do not invest ...they just punt.Especially since interest rates evaporated. Which means they sell very readily on an update and miss the real moves which arrive on media evaluation.
Part of the reason updates on Trin are often a disappointment. Macdonalds fast-food “ investor” legs it. An issue in low volume shares. But Txp have held up well and management LTIP depends on peer group performance ( which includes TXP) so I would suspect 2020 should see much more progression in spite of fast-food trading.

[nocents] 16/1/2020 19:29

Lol
Hi MT
Nice to hear from you.
I was referring to quite a few people.
But graceful for you to reply as Plaintiff :-)

[mount teide] 16/1/2020 19:18

'I suspect certain big buyers from 8.9p have been shedding their load for 25%'

Not guilty your honour!

[nocents] 16/1/2020 18:59

Really? Why is that?

[ffp] 16/1/2020 18:46

nocents, I like your style

[nocents] 16/1/2020 18:16

I suspect certain big buyers from 8.9p have been shedding their load for 25% .

[otemple3] 16/1/2020 16:47

Odd days trading. Sent Tracy an email this morning asking when the update is, as we were expecting it this week, and not heard back which is unusual. Guessing there is so much fantastic news to release she is busy working on the wording ;-)

[avsome1968] 16/1/2020 16:39

hmmmmmmmm I did sell half my stake 2 days ago, decent 28% return left the other half my wife's lol for the results.