Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
The absence of anything from tern of late - totally agree - need the results out good, bad or as I suspect indifferent. SP is shocking.
Worryingly must be in need of more funds to pay their salaries - fund raise at 5p - surely not but what are options?
So much to be positive about in terms of the investees and to be fair it was our board who identified them.
yes, missed that M&A reference, whose the target, Shell? Hopefully we'll be bought and end the misery.
They finally had a great asset in wressle and missed the opportunity to grow the SP in probably the last period of time conducive to oil companies by gambling on serenity.
No one wants this company to succeed more then me but it has been a horrible investment over a long period of time. As I say I would have used the money to buy back our confetti shares but again I truly hope the board finally deliver -- we'll see
Oil prices up which is good news for Europa but despite the sp being on a long term share crash, terrible serenity investment just as we were recovering, wressle being run by another company we, instead of cutting cost, are increasing it.
This looks like we are heading towards another money squandering project. Would far rather they cut the pay roll, bought back some of the give away rights issues shares back and took far less risk.
Our only hope is Ireland - hopefully they know something we don't - very happy to eat humble pie if that turns out to be the case but I have held shares for many, many years and have heard all the promises before and been rewarded with nothing other than failure. Not the case for our company's highly paid execs,
I think for once shareholders voted against some of the resolutions at the AGM - it sent a clear message - hard to ignore - was refreshing that for the first time I can remember SH's bothered to vote.
yes robust results in line with the trading update
Share consolidation very much needed for the company's shares to be taken seriously, this company has great management and products and after some difficult years will now pick up pace as it goes forward.
I hope so but judging from update it is likely to be progress as anticipated (which is excellent) and I hope an improving picture as we move through 2023. Honestly, for once an AIM company that does what is says on the tin, does not over promise and runs its business in a fiscally prudent way
Hope as you say there is a pleasant surprise tomorrow but I am happy with things as they currently look.
GL
All the best to you. I have held a sizeable number of shares for about the same time buying in significantly higher . You have been a stalwart of this thread and will be missed. Would be great to see pay roll cut … I won.t go on
Take care
An interesting post. You are right it makes little sense given the turn around that TRX’s managers and employees have delivered that the SP is not at, at least, 1p. It must be due as you say to those who invested a couple of years ago selling their investment into the on-going moderate SP gains
Having said that one thing I love about this company is that its directors do not use typical AIM hyperbole over the company’s prospects (which has caught me out in many other AIM investments) - they are professional, competent, do not over promise but yet have delivered a remarkable change in fortune - in my view this company will continue its successful growth story and deliver super SP returns and sooner rather then later
Something of an understatement - shocked by the current SP
I am as sure as you can be on AIM that this will be prove to be a long term winner - steady progress, new products and markets and for once on AIM genuine and professional directors who are clearly enjoying themselves
Revenue might have been another million higher but EBITA positive due to tight management and steady growth - frustrating sp reaction but I would hope only up from here - I truly rate this company hence why I have a large holding
Yes totally agree
Between the RNS, the interview and the confidence shown by increasing their borrowing capacity to $10m (what confidence by the lender) this company barring an unforeseen company will see steady growth in the years ahead (with the potential for explosive growth a couple of years out. Fiat ally an AIM share being run prudently by highly competent directors with no risk of a rights issue - I could not be happier
Yes so unpredictable but hopefully direction of travel with all three divisions picking up, new distribution agreements and expanded capacity this share will finally begin to see significant sp increases but as you say AIM can be so perverse ....
Yes I know - so frustrating - worth waiting for though - if projections at half year were accurate together with new contracts we should see reasonable numbers and more importantly, increasingly positive momentum going forward - professional management and great products - what's not to like