Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
The last time the chart touched an rsi of 70, dipped slightly and went back above 70 we ended up with a share price of 9.2p. That was off zero real news and around 150 restaurants on the app. We now have 450+, are adding 50+ restaurants a week with chains beginning to come on board too. Surely we are set for another significant rise here.
Someone’s smart idea must have led to a monumental balls up to lose 16 in one day.
That being said, I wonder how many were signed up under the previously ineffective boots on the ground approach... they may have been promised more than they received. I’d be more concerned if they were leaving from areas where telesales had been increasing the footprint.
I’d be surprised if it’s anything in excess of £50k. They’ve let the share price plummet over the last few weeks without attempting to salvage it. That suggests to me that there is absolutely nothing positive to report on the financials this year.
Disagree Ron, we only have 2 TM’s in 2 locations. Consistently signing up restaurants every day is a good sign - if it can be done in 2 locations then there’s no reason why a competent sales team shouldn’t be able to sign up multiple restaurants a day when the focus is on all towns / cities in the UK.
Of course that relies upon a competent sales team being employed but we may as well keep the faith unless the new CEO gives us reason to believe otherwise.