Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Always willing to learn; what do you want to tell me about the art of market-making!
I'm willing to discuss this with you... So if we look at the sole purpose of a market maker, they are there to provide a market and the necessary liquidity as and when... So my friend, if they are aolely a market maker, as you suggest, why have they disclosed a holding? Please do come back to me and I think you could learn a bit here. Cheers
Your so annoying yourself to. Dont you ever give up.
What a ridiculous comment. Peel Hunt are Market Makers!
http://www.total-tenders.co.uk/view-expired-cf-tender.php?cf_id=7176&cpv=32234000
Agreed just need some others to come good before the offer now so I can get more and make them pay a higher price lol. Come on RLD lets have some news ha ha.
That is annoying, agreed. But IMO it's only a matter of time before it become very difficult to buy shares here and the SP will only go 1 way. Your average will be below whoever is accumulating anyway :)
The fact that they are accumulating below the sp. Talk about fiddling the books where's the authorities when you need them. If they want them then pay the asking price we have to.
My gut feeling says takeover offer. But......They could be accumulating for someone to say no to an upcoming offer?? as they think whatever offer will undervalue the company. Either way, it's going to get interesting.
Think we need to buy more than them to make it interesting lol.
Now beging to wonder how many they want before an offer is on the table, Mike like you said before think it will be a friendly takeover rather than a fight.
They have bought another 92121 shares. PI sells from 31/7/14 31-Jul-14 16:02:16 11.7501 20,733 Sell* 11.75 12.00 2,436 O 31-Jul-14 14:37:31 11.7501 6,475 Sell* 11.75 12.00 760.82 O 31-Jul-14 14:10:00 11.75 42,660 Sell* 11.75 12.00 5,013 O 31-Jul-14 12:46:28 11.7501 12,040 Sell* 11.75 12.00 1,415 O 31-Jul-14 09:07:42 11.7501 10,213 Sell* 11.75 12.00 1,200 O add up to 92121. So buys are buys and even sells are buys. Bring it on!!!
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Back and suitably refreshed, but now faced with a mountain of regulatory paperwork that will keep me busy for the next 18 months. I will try and do some business somewhere along the line! Like threeputt, I remain sceptical in the short-term. Look back through PEG statements over the years, and they are littered with comments/warnings of contracts slipping into the next period etc. I hope it's different this time...but I'm not holding my breath.
They dont normally give notice of interim results, do you think thats a hint to fill your boots lol.
I posted "interims soon" and we get an RNs about interims. Ok so... £9million contract soon .............
I agree, and below was ODs response to my 500k profit forecast. He has a much higher forecast on his conservative estimates. I think we all agree this is going up. It's just a matter of when
I prefer to remain sceptical on the half year results until proven wrong. I've had a look at all of the contract announcements since October 2013, and they are fairly vague on first half delivery of these (the optimistic would suggest that everything is on target for delivery of those that were forecast for 2014, I think it would be dangerous to be that optimistic). It all depends what element of the opening order book can be accounted/delivered in the first half. This could be a slow burner upwards short & long term, but upwards I am confident.
Assets stand at 5.8m vs 4.3m libs, so £1.5M assets on the books (inc £1.4M cash as of year end). Wise to strip out goodwill and development costs imo, so £750k net assets. If 500k PAT is achievable on a PE of 10 a fair value for PEG is £5.75m which equates to a SP of 18p. Momentum would probably take PEG through to early 20's i would have thought. If £1M PAT is achievable i expect a fair value mcap of £11M which would equate to a SP over 30p. Should the forward order book continue to grow this should increase nicely. We already know PEG are operating profitably and developments appear to be very positive so its hard to see scope for further downside but a floor seems to have been built around the 9 - 13p range. Risk/reward would appear excellent.
I'd be disappointed with 500k (profit), if margins can be maintained around 40% and with the upturn in fortunes i'd expect gross profits in the region of £5.7M. Allowing for an increase in admin expenses to 4M PEG could see an OP of £1.7M. Financial expenses should be circa 100k for CLN at 7% and PEG have deferred tax assets to utilise so even allowing for lumpy nature of any contracts PAT should be above £1M. I'm obviously biased though! PEG is a small cap AIMer but restructuring last year has left them in a much stronger position so i'm hopeful of a good return here. Forward order book is already looking good for 2015 & 16 so should hopefully be a good value & growth play over the coming years. OD
Muwahaha. Interims soon. Will make good reading. :)
I REED wot your saying and totally agree...........sorry for the corny post
I'll feel like I've earned this one :)
http://www.railwaybulletin.com/node/89349 The temperature range available allowed Siemens to incorporate extreme high ambient temperatures of up to 40 degrees Celsius, and low temperatures down to -25 degrees Celsius Simulating coupling scenarios (front coupler), traction/brake functionality and exterior CCTV camera performance in extreme conditions;