For risk averse this is a STRONG BUY. Company in wind down mood; has been repaying capital every year minimum 5p per year. Remaining assets worth at least 10-12p. Assets are tangible properties valued at discount of market price for prudence. I bought this some 3 years ago at 10p but i have since received all my money back through dividends paid so far.
Trinity Capital plc announces a distribution to shareholders of 2.5 pence per share, equivalent to approximately £5.3 million (the "Distribution"). The Distribution will be financed from the distributable reserve created by the cancellation of share premium account that took place shortly after the Company was admitted to AIM in 2006. The Distribution will be paid on 22 August 2014 to shareholders recorded on the register on 8 August 2014. The shares will be marked ex on 6 August 2014.
thanks - what did you do here in the end, anything? Having just doens some research, it appears that a buy now entitles the holder to a share in the closing down sale of TRC, at a discounted price of 3p per share: i.e., the 8p sp from today minus the 5p you recieve for being a registered shareholder... today. With a NAV of 22p, that looks like netting a700% profit over however long it takes to sell the remaining capital. And with 10m cash in bank, no funding issues either. Am i missing something?
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