Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Lti/badger
Agree fully on both counts, it's almost like some in some quarters hate to see a UK business do well and yes maximising profit should be the name of the game. For some reason tsco seems to take a hammering for doing it though, more so in the days of Leahy when the SP was twice as much but they were continuously hauled over the coals by the British press for it.
I think they are almost mindful of not wanting to make too much profit at the minute, as ridiculous as it sounds, if they were to go full throttle the amount of negative press re profiteering and taking advantage of already stretched households could quite quickly have a negative effect on the company. I remember the days pre credit crunch when this was often a feature of the reception of their results and household finances were under a lot less pressure then.
9% is very good for any share, that is the total for the year however, it pays out quarterly to prevent huge fluctuations in price when it goes ex dividend. They've stated no changes as it stands only this week, I think it would very quickly be worth much less than £26 if there was any hint of that div being cut.
Continued pressure on the SP due to its extensive Russian links and the ongoing sanctions and I would say the disappearance of POG and UK delisting of POLY, similar companies in terms of location and industries they are involved in, hasn't helped either.
Putting money into this may be highly rewarding at these levels, personally I'd say it's inadvisable until the Ukraine situation starts to unwind which doesn't look likely any time soon.
I think it was coming from an undervalued position late last calendar year, however I feel that this rise may run out of steam soon. So much so I cashed several £k of these earlier today at 282.
Come the end of this summer, and knowing how I call these things, it's 382, I'll probably be suitably cursing my decision today lol.