Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Only netted him 83 quid as you say. I suppose even if it rebounded he wouldn't be in a much better position. Even if the BOD pull up their socks- given their recent relegation form- I am not sure It would be useful even giving them some extra time. Normally I am pleased when my team brings on a sub to freshen things up but the only sub i see here is sub 20p which seems to be warming up on the sidelines.
10p a share would be a market cap of 7.5m nice thought though.
17.3m million pounds. Cheap as chips
376 shares sold at 22.20p for a grand total of 83 pounds :)
Ask clipped to 25p. 'Cheap' shares here again. Bad cheap. 11.32% down today which is relegation form.
Watching.
Would be a terrific entry price. Just waiting on the sidelines.
29p
28p Cheap shares over
250,000@25p
At all time low. Anyone with much higher average should maybe think about buying a few more and bringing there average down.
Before close 100,000@25p 150,000@25.83p Could this be the bottom found ?
I believe it has further to fall ... I’m on the subs bench until the final whistle here
is really flagging now, Wonder why the directors aren't buying after the fall? The ball is in their court after all. Mills made a sizeable buy in August 2018 but his holding is on the back foot now after the SP hammering.
Market cap 19m Last year profit was 8 million
55000 shares
40,000@26p net asset value is over £1 a share.
I should of offered to loan you my stock. Well done F15 I'll just have to learn the hard way. :(
25.70p
Agreed f15.Not far from the final whistle for play today and sellers are still making an offensive play.. Probably worth shorting at 37p a sell as this should really be 33/37 bid/ask at best. You can't even be sure the bigger players here haven't been caught on the hop as it is Friday and will be making a substitute in its portfolio of this one for something more viable. I don't even think it is worth keeping an eye on the ball here for a bounceback as I expect further falls short-term and poor visibility over the medium term which would make it game, set and match for shorters.
Some chunky sells coming in now Upshunt.and the fall gone to 30%+. Bargain hunters might think this is the bottom but I expect a bit more fallout at least. It's just so hard to discount the risk here that things are even worse than they have openly admitted today. Best watched from the sidelines!
I wouldn't hold your breath over those profits! And not really a good comparison to Tesco as they have massive financial clout
Thanks for that Falling. With this company having so many assets, although the American side of things could be over egged, I am just hoping the price will hold and any idiot trick done in the accounting can be rectified. Surely if Tesco can bounce back from what now appears to be potential illegal practice where profits were overstated then Goals will.
The non-cash accounting errors hopefully will not affect the any published profit margins and the state of play can continue on a reasonably level playing field.
As a result, the Board now expects the 2018 full year results will be materially below expectations and that the reporting date (previously 12 March 2019) will be delayed. Whilst the majority of these accounting adjustments are of a non-cash nature, this does nevertheless mean that the Company will have exceeded one of its banking covenants at 31 December 2018. We are in discussions with the bank with a view to agreeing re-negotiated facilities. In reality a cover up that has now been exposed It's about time the full force of the law started dealing with such issues
but quite a rebound from sub 30p which it hit shortly after the 8am kick-off. You would have needed good position play to get in just after 8 as it had gone to 37p on the ask by 8.15am. If you had, making a profit would be a simple tap-in now.
Although the accounting errors were non-cash you would hope the company found them themselves and were not caused by some whistle blower.
I'd imagine the consequences of breaching the covenants will be reasonably severe due to increased risk as it creates some flags for those on the sidelines. A delayed results date will only add to the uncertainty. Probably best to kick this one into touch as an investment,
Today's update is seemingly making a pitch for investor's money by saying the last two months have gone well. But in September 2018 update it was " 'I am greatly encouraged by our performance in recent weeks which has seen the business fully recoup the financial effects of the extreme weather and moved us into positive like-for-like sales territory for the year to date,' said Andy Anson, CEO. Their forecasts are probably not a tactic you can have much confidence in.