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Given that the annual report is due shortly and new Institutional investors have just come on board, I suspect that things are looking up. Also, the firm could announce a new contract or two on reporting day assuming of course that there are new contracts...
No real surprises. As I have said previously, its all about the revenue from here on in and especially so over throughout this year.
232p paid so is there another bid in the offing?
Interesting move.Hopefully 5.8-6.0p will give good support for a move upwards.
65m shares traded so far. NIce to feel wanted but by whom? RNS should be out in next 24 hours as this is over 3% holding threshold.
Someone's out on a buying spree.
You are what you eat, apparently, although I've never subscribed to that notion as I consider myself to be quite a pleasant chap in the main. As for TRX, it's all about the revenue from here onwards.
Another posititve step.
Is that the sound of alarm bells ringing?
It could be IP reducing their holding. They did have a NED on the TRX board who went walkabout plus they have also had a recent fund raise.
Buy on dips. Story still good.
A mixed bag. Good to see some growth but with lots of turbulence.
Encouraging..
We are still a month out from the prelims and no holding thresholds have been crossed...yet. Maybe someone has been raiding the drugs cabinet.
Pale imitations. The RM2 pallet is easy to identify because it is special although it is not normally seen in the wild all year round.
..not to mention the cost of employing logistical consultants to work out the cost-benefit analysis of using said forklift as opposed to human intervention ie kicking it across the floor.
There is only one pallet. Someone might have asked to see it. First incoming phone call for months...
Broker has dropped its target which never helps the share price. Also the debt level looks a tad high vs revenues.
Perhaps the permit count is the leading indicator, not necessarily the current rig count. http://uk.reuters.com/article/2014/12/02/us-usa-oil-permits-idUKKCN0JG2C120141202 Future capex will have been downsized relative to a $70pb price (or below) and that will have a direct impact on further exploration activity. There will be a lot of pain for service cos in H1 2015 as a result as the sector contracts and consolidates with cash-rich firms surviving and acquiring in preparation for the inevitable upturn.
Hopefully. It may be one of the few firms to hold its own over the next 6 months as the pain of sub-$80 pb oil starts to hit the service cos. Schlumberger mothballing/retiring approx 40% of its marine fleet due to client cutbacks so no doubt that there will be rationalisation in the refining space too. Could be OK though if efficiencies are to be sought rather than outright closures. Lots of pain to come....