Trinity Share Price (TRIN)

My broker has it down 9% a lesser 7.69% this site 5.71% spread. *36p

About 40 posts since last look 11 January 2024.

It has again returned to 36p as it did last week and on 11th January and 18th December 2023.

22/11/22 paid 106p for some , steady decline since then .

RNS Today

Trinity Exploration & Production - Trinidad & Tobago-focused oil exploration and production company -

Provides an update on operations for the three-month to March 31. Chief Executive Jeremy Bridglalsingh comments: "Trinity's core business remains robust and cash-generative, with no long-term debt." Focus remains on maximising cash flow from existing producing assets; rebuilding cash following the drilling of the Jacobin well in 2023; and maturing detailed engineering for the two principal projects.

MCAP continues its decline towards net cash.....the board are basically being told here that the market believes they will actively destroy shareholder value going forward haha. I think its time for the larger shareholders to call time on this one and liquidate the assets - the CEO is getting paid far too much for this performance. Needs a special general meeting to be called ASAP imo.

Is that not perfectly normal for AIM stocks these days? The market no longer cares unless there is some colossal story to get involved in.

The NAV is 203p per share, is that correct? You could add a zero to the number of shares in issue to 390,000,000 and the company would be on PE of 8 or 9 with a market Cap of £130m and a NAV of 20p per share. QUITE extraordinary.

No matter the disappointment on Jacobin, TRIN is at a £15m market cap, when it has USD 9.1m Net Cash (incl VAT receipts) or GBP 7.3m. When EBITDA is USD4m per Quarter, taking in to account Net Cash position and 2,600-2,700 bopd, TRIN is on a PE of less than 1.

That's not taking even taking in to account the value of Galeota.

From the 15th April RNS: "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." I checked that platform and no meeting is scheduled for this week or next. What is going on with this company?