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Tend to agree, this isn’t going anywhere over short to medium term, having said that I am not brave enough to bail out now and return at a later date. A modest divi, which is affordable, would be at least something for us loyal LTHs and send a message to those intransigent T&T tax authorities - it may just boost the sp as well!
Very depressing, looks like we are right back to square one. Somebody has clearly lost patience today and decided to bail. Despite the seemingly bargain basement price I am nervous about buying more. Now would be a very good time to announce a modest dividend or a share buy back, I would favour the former.
These are buys this morning, at 0806, I was pleased to get the opportunity to buy back the £2k worth I had to sell recently and even made a slight profit!
GO, here what you say, but in under four years Trin has managed to part clear debt and build $18m+ in debt whilst being subject to SPT for much of that time. Admittedly, had there not been shelter from PPT the picture would have bee far less rosie. Going forward plans are in place to mitigate the anticipated ongoing impact of SPT and as such Bruce stated, at the investor presentation evening, that he expects to continue building healthy cash balances. A modest dividend is surely affordable and sustainable.
The Board are at least talking about it, so come on guys a dividend of 1p is very doable and sustainable as of now. A solid business paying a healthy dividend is an attractive investment proposition, and if paid quarterly, at 0.25p means manipulation is more difficult in view of the need to be in on the exdiv dates.
I would like to think that today’s RNS Is a curtain raiser for the big news to come by next Monday. However, I fear that may not be the case.
Spellbrook, on another bulletin board yesterday I commented that we should not get ahead of ourselves, after all this is TRIN. Despite high expectations today the share price did not perform particularly well. I must admit I’m beginning to suspect a conspiracy to keep the share price down, perhaps to take a business private!!
Mark, yes that's the plan but Bruce is adopting the cautious line on HAW and, correctly, won't be hurried into basing decisions and issuing results of the trial until he is sure of the outcome. He did comment that they are having to choke back flow rates on the well so as not to compromise the drill. Another interesting observation made is that after drilling any new well the initial year or so of extraction does not attract royalty payments, thus HAW higher, year 1, flow rates will deliver an additional financial gain.
Likewise Crl, this Business will transform itself over the next few years and those clowns thinking they are cleverly manipulating the share price now with their multiple minor cells will get caught out big time in due course. We will have the last laugh.
Naz, you are too stupid to recognize it, any earth quake concerns that impose restrictions on fracking in Lancashire will further enhance the case for developing gas storage. Gun and foot comes to mind!
On the occasions I have moved into ISA I am sure I had to sell then buy back into ISA, so doesn’t explain the 6.6m trade today. From where I stand now, I’ll be more than happy to get to a position where I face a CGT conundrum. Bring it on!
Setanta, you just have to be in the know., ha ha! The 233k just now was my buy at .43.
Agree with your point on wide spread and deterring markets but somebody clearly prepared to break rank.
So has it yet been advertised and has the 42 consultation period commenced?