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Trinity’s biggest asset is $225 million of tax losses.
They exempt the holder from paying 50% profit tax on 75c of every $1 of profit.
Touchstone is getting a bargain on the basis of just the tax losses. The cash, cash generating assets and reserves all come for free.
Firstly at 61.9p I don’t think that’s too rich. Pheeew!
But if I wanted trinity I’d have bought their stock!
It does though show our robust revs will amortise the acquisition comfortably.
Other than that I have to look through here and TRIN RNS’s later in more detail.
Usual caveats
Trek
Touchstone Explrtn. - RECOMMENDED ALL SHARE OFFER
worth around 61.9p share
Well that's a joker.
Level 2 now 5 v 1 so should move back very shortly
I know, annoyingly I see the 100k sell, but maybe something will appear later .... anyway can't help the fact we about to rerate. markets are normally 6 months ahead and from experience due to the PI's AIM stock as seem to be about 3 months ahead of news so with that in mind I would start to expect some positioning getting ahead of the two new pipes (income streams) getting hooked up :) they are due Q3 so lets say mid that gives us a few weeks before people really start getting to grips with what we have and how cheap we are ..... we're producing !!!!
Also Q1 figures due in 2 weeks :)
LOL, somebody got fecked by a MM in Canada. 0.67 CAD = 39p. Or it's just MM's trying to rattle people and accumulating cheap stock before the ER May 14th.
42.22 now being paid.... just SCAP to clear at 42.5p with 10k .. .so expect one or two to move up on the bid shortly as well as the offer.
As predicted we're just ticked up ....only 1 MM left now on the 42.5 so grab them while you can !
Yes I agree TXP needs alot more of this to light up the board
Now 4 v 1 literally the last 42p stock left....who wants them ?
Agree 1000% and not overly excited just looking to promote the opportunity and the business will take care of the rest :)
Can't get excited about these small movements North we should be double.
If you're looking to get some stock, this is probably the best time as pretty much the next buy or two will move the SP and you'll be level and just about in profit straight away !
Now 3 v 1 ... last 42p stock left and probably for ever !!
Level 2 now 2 v 1 ..... one more buy and we'll tick up again :)
They haven't printed my other 66,213 buy yet
Possible people invested in DELT will move money here as a “sure thing”. Expect to have a steady rise now.
Topped up another 100k this morning ...level 2 now only 1v1 after the tick up ..so another tick up coming as people realise just how much of bargain this.
After a couple (or 3) ER's with fine numbers most people will either have forgotten or forgiven PB for his PR strategy. EOY I hope we'll all think he's brilliant. It's like football: You're never better than your latest match.
I share your opinion of PB he does seem to have calmed down which I prefere .
I believe he realised his mistakes of the past running before you can walk.
The figures will do tue talking just a matter of time.
We all know TXP is undervalued ...
TM, I share your views about PB and also about the company's media/PR strategies, as they are clearly not working. On every announcement of positive news in 2023 and so far in 2024 the sp has fallen. We all know that PB's reputation took a blow from all his future riches speeches in the past but that just does not explain how the sp has gone from 175p to just over 40p. Clearly there is a thin market, courtesy of few shareholders but it is the absence of the II's, MM's and brokers that worries me.
Well I am starting to have concerns about PB. He is supposed to be an experienced director.
I have doubts about the in country relationships. Don’t think anything is bad not in the slightest. I just think his profile and contacts aren’t what they could be. He needs to get his hands dirty and drop his other distractions. This arms length management is bs!
On a positive when I start to have my own doubts it’s usually a turning point and I am not selling these now!
Usual caveats
Trek
Peeps will be falling over them selves to buy here it's just a matter of when
No volume. So what's the real SP? It's hardly traded now, it's more a few people in the corner shuffling pocket change around. We need news and volume before we get a fair price (1£ or at least 1 CAD would be nice after Q1 in 2 weeks).