Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
The dual listing will not do anything to the SP.
I would suggest people actually do some basic calculations with regards to the possible conversion of each tranche into shares, which coincidentally is not until the 1st and 2nd anniversary of the completion of this transaction. Even at today's SP, it is negligible in terms of the overall share capital and given the anticipated rise in the SP in the next 12 months, less so in 12 months should that even be a possibility.
The focus should be on the over 20% reduction in the transaction price and the 5% pa interest accrual. This is a tremendous deal.
Firstly the (P/E ratio) is the ratio that measures its current share price relative to its per-share earnings and not profit, as I have seen written on this BB
So lets look at that recent interims
Half yearly revenue was US$74.3 million which equates to approximately 60m GBP
Total shares in issue: 1,119,727,953
Now lets be very conservative and assume a PE of just 10
Then the SP should = (60m*10) / 1,119,727,953 = 53.5p
If we apply a PE of 15 then it equates to 80p
What else needs to be said? Never mind other assets etc etc
The clue is in the phrase
TRANSFER FROM HIS WIFE
Is is really that complicated?
Has not even opened today for those exchanges
FTSE 100 & 250 Securities Open Delayed
Hence the issues
Lets make this very clear
Firstly the (P/E ratio) is the ratio that measures its current share price relative to its per-share earnings and not profit, as I have seen written on this BB
So lets look at that recent interims
Half yearly revenue was US$74.3 million which equates to approximately 60m GBP
Total shares in issue: 1,119,727,953
Now lets be very conservative and assume a PE of just 10
Then the SP should = (60m*10) / 1,119,727,953 = 53.5p
If we apply a PE of 15 then it equates to 80p
What else needs to be said? Never mind other assets etc etc
Tranches of "sells" appear. The real offer gets skewed in the spread and is walked down with nearly every trade. Then the BID / OFFER falls
Have anyone of you bothered to contact the company and expressed concern as to what is going on with SP and clearly not the fundamentals?
The problem is compounded because there is not enough volume of actual buys.
This has been going on since the SP was 32p. I suspect it would be in your all your interests to contact the company and express concern. I have already done so. Your choice, of course
16.46 more like
That is when the second monitoring extension closes
The market is in auction.
If you buy or sell now you will get hammered on the price
It is interesting how this tame seller theory persists just because people see 50k trades on the bid side. Funny how they are not also seeing the 50k trades on the offer side.
If you apply the logic offered, that would also imply there is a tame buyer.
Was there someone on here who was constantly going on about UKOG running out of money? Appears that they have 5m in cash for the initial payment.
It is abundantly clear now why there was a delay in the rig arriving on site and of course they were not able to say why.
What this proves is that investors need to deal with the facts and not the endless conjecture on BBs, for all the agendas people may or may not have.