Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Looking good. Onwards and Upwards!
Management speak for 'stepping away from the business' usually means fired. All it tells me is that TP ICAP is looking to strengthen their leadership team which can only be taken as a positive.
Great to see a recovery starting ??
Yep can’t buy any on HL either
the results show reduction in debt, stability and 'better in revenue, decrease in operating costs'.
Agree Ab. Its not just about reducing debt its also about improving operating profit figures which a lot of people seem to miss.
Panic stations in the market again this afternoon. Best advice is to hold and see what happens next. Don’t be tempted to sell at a 75% + loss. No one knows what is going to happen tomorrow let alone next week. In a few months or less this could be back to what it was less than 2 weeks ago. Things change very quickly.
Honestly not expecting a great deal from results day and neither is the market which is why this is already so low, though I don't think they will be bad. I'd be surprised if the debt levels have reduced significantly though they will be down.
Unless they post an absolute shocker I don't think SP will drop any further as mediocrity is already priced in. It also has nothing to do with the Russian/Ukraine situation which has also dragged it down like most other other UK and global stocks. I expect a bounceback on that point alone at some point. It also has a current market cap of £430m yet annual revenues of £3bn + so the fundamentals are there. If it can show a profit then we're looking at big rises.
Hmmm - this stock just continues to slowly drift downwards every day. We must be close to the bottom now. I know most stock have generally taken a battering so far this year but there is no notable reason to me why it has fallen so low and looks well oversold now.
Paddy - I'll be clearer on my view on that update. It was good because it was an improvement on the last one and I hadn't expected anything substantial. I felt this was already massively undervalued prior to today's drop. With markets having a dip across the board today this is completely oversold.
Fantastic buy at this price. Update was good today. This is another total market over-reaction.
This is totally going down to 115p shortly and possibly even lower. It would be wise to sell now and buy back in later at a better price should you still trust this company. My view is that shareholders after months and months of misery with this share have been robbed blind here.
I was going to hammer Bab**** but then I remembered they updated the market on the impairment back in April so this news had already been factored into the SP before today.
Everything taking a big hit today and its the usual market over-reaction we've seen so often over the past 18 months.
The bigger question today is how long this mini-crash last? I wouldn't be at all surprised if the falls we are seeing today reverse back tomorrow or at least by the end of the week. Buy the dips as they say.
Agree with all the recent posters on this share. The amount of trash companies out there that have seen huge increases in their share price over the past 6 months or so often based on absolutely nothing. Some of them have even had next to no revenue over the past 12 months and are unlikely to survive past 2021.
We're talking a solid company here, a brand with sizable assets and solid revenues that, unlike many, haven't been massively decimated by Covid. This will go up big once the dust has settled on all the bribery nonsense that took place years ago which is the only reason this share is as low as it is. Its often the same news repeated over and over again where that's concerned. Nothing that's ever going to have a material impact on the future of the company but IT would be good to finally know the outcome which I suspect will be, at worst, a fine of some kind. This had already been priced in so now way oversold.
I had no doubts this would fall first thing this morning due to the timing of yesterday’s news coming very late in the day. Let the usual short term market overreaction run its course like it always does then snap up at a bargain price.