Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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FrDickByrne, absolutely agree.
Just waiting for the inevitable RNS confirming Mr Griffiths' stake has increased yet again.
I cannot believe how many shareholders clearly had no understanding about the fraud issues disclosed in March last year and found it a surprise that the company had so many issues arising from it
Am expecting a decent recovery from here. Just a shame the price could not have remained at 41p / 42p until Monday morning so we could all load up in our new ISAs.
Complete Lunacy. We’ve already been here 5 months ago. We’ll recover back to 70p before end of month.
GLA. Let’s see if RG takes advantage.
This aged well…🤡
Yup. When others are having a squeaky bum moment dive right in.. lol
Who on earth panicked out on very low volume fall when there was really nothing that wasnt already flagged,should not be in the markets?
I load the truck at the days lows
Is in the house!
Always buy the dip and sell high. time to move to #RUA now for 40p ride.
Yes it going to be more of the same, but slightly better, so what I mean is that it can’t be any worse. Meaning this is probably the lowest it’s going to get.. if we can get over this , we are on a roll, just a delayed one !
Above 50p to buy now. Lively finish incoming…
Sorry but Q1 is not going to be great. From the RNS. "Some of the orders that slipped from FY23 Q4 closed in early FY24. However, deal slippage is again a feature of Q1 FY24. We will provide a Q1 trading update during the week commencing 8 April 2024."
Also ,orders that didn’t go through in 23 went through the first quarter of 24, so they have yet to be reported. So it’s unlikely to get worse than this. This has got to be the bottom.its got to be up from here.
Don’t want to speak too soon, but I think we bottomed already! The only way is up from here..even if it is slowly over this year..
no chance! am holding this for the long term. just topped up. .it’s been a **** year for a recovery anyway,just see it as a delay for a year. i have faith,he will turn this around,just longer than ancipated.
46p getting taken out. Get ready for 50p.
I think JWBellamy is right here. Shares will go down to the 20p mark.
Company has no bank loans, Only liabilities seem to be lease liabilities and wages. They are only short by a few million.
Why would they not strike up a RCF or bank loan. Maybe even a CLN. I expect they will continue for now, and this may only be an issue toward the back end of the year if the sales do not materialise. They have at least 80% cash by my maths (factoring receivables and payables).
45p paid, market makers ready to move up. big buys getting filled.
I guess the only positive is to be able to average down.
I think some have their heads in the sand here
Crta are burning cash and we know their cost base is greater this year than their cash pile.
If they are smart they will try to get a raise away now instead of allowing the shares to drift to 20p and then dilute
I’m not sure why R Griffiths. He has called this badly wrong
You won't see anything under 50p tomorrow.
I'm in finally. under 43p is very very cheap.
CRTA share news... quote
Analysts at Stifel said the yearly results showed "some healthy signs of progress".
"Better than expected cash was already announced at the trading update and today revenue is comfortably ahead of our estimate. This is coupled with costs that have reduced further providing continuity with our existing forecasts which we leave unchanged at this time. The company appears to have made meaningful progress, transforming itself into a more professional organisation and maintains its target of reaching run-rate cash flow breakeven in the current year, despite ongoing deal slippage and an understandable second-half weighted bookings expectation," Stifel added.
He is sitting on a big loss with possibly further to fall.
No revenue projections in the annual report but if revenue is 93% of bookings (as last year) management are hoping for revenue at the current exchange rate in the region of £9.5m -£12.8m for 2024 with overhead costs of £18.2m. A market cap of £25m (22p a share) would seem to be generous. Again no mention of the FCA investigation - what will that cost?
The company urgently needs to cut annual costs to below £10m.
JW - good morning.
Not what we were hoping for!
Do you see additional shares being offered at a discount? If that was the case, I wonder what they will pick as the date at which they discount the SP to closing market price because there’s a hell of a difference between last week and this week., even yesterday and today! Dilution is not my favourite word……
Basically costs ahead of cash pile this year
They should raise sooner than later basically… otherwise the shares will be decimated