Trinity Share Price (TRIN)

I have watched the TRIN presentation. So the share ratio of 1.5 TRX to 1 TRIN was agreed in November 2023 when the TRX share price was 51p. So the consideration we would now get is far lower. I must say that is disappointing. I await the TRX presentation to see what the business case going forward is, but I am not jumping for joy here. TRIN is valued far lower than TRX simply because it hadn't got the cash, but TRX are borrowing theirs!

And in keeping with recent form, no presentation on the website as yet....presume it appears this evening otherwise it's just ridiculous to put that in the RNS today...again

Https://www.investorschronicle.co.uk/ideas/2024/05/01/touchstone-bid-lights-up-trinity-s-shares/

I'm amazed the Touchestone share price has dropped on this news, from the aquisition .should it proceed..would allow utilisation of the TRIN tax losses and be highly value accretive. The acquired TRIN assets are trading at a quite ridiculous discount to NAV tbh which is why I bought in first place...the issue is we are giving up a lot of our future upside potential for peanuts because TRIN doesn't have funding...I'm not sure what TXPs upside is like tbh.. I would like to review some TXP stats which show your projected profit, EV and valuation per 2p reserves etc. and how it would look post transaction..so I can understand if you are as undervalued as TRIN. And see the synergies on offer.

I have been told my TRIN investor relations today on email that there will be a recorded presentation released later

It’s a good deal because you’re getting TXP paper at a very low price. Think about that and the doubling of TXP production by year end before saying the TRIN takeover is poor value.

If someone else came in and offered you 75-100p cash, I would say TXP with imminent growth is a much better way for you to recover losses and make upside profit on both TXP and TRIN assets