Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Amazing? Not really ; after all the posts claiming that the property portfolio was greater than the valuation of the company and the only was was up the appetite seems to have gone. Including your own it seems? The investor chronicle article on the merger seems to have it about right. P.
Dan I last commented on this share on 6/12 at which point you pointed out that my scepticism may have been wearing thin. So I kept my own counsel. At that point the SP was 134. I was just wondering where the previous enthusiasm had gone for the property portfolio and if you all still think that the only way is up? The 20p a share apppears to have been priced in. As Nick says the release of the financials will be interesting.
This time last year this share was full of 'gung ho' spirit based on the 'property assets'. It doesn't appear to have been mentioned lately? Now the hope is for the 'allocation of sale dividend' that everyone's waiting for. How's the business doing? I did say that the sale of the adult side was a mistake and that children are more expensive to manage and occupancy numbers harder to increase. How are those figures looking? It may be that studying the share price trend is a good way of predicting upturns etc but that does seem to be a somewhat theoretical view of this business. Whatever, I wish you well.
LondonDan Yes I have reservations and I have said my piece which I stand by, so I'll not trouble you all from now on. Good luck!
Hi everyone. At the risk of sounding 'trollish' isnt it a little odd that the part of the business that is being sold is the one that garners the larger share of the company profits? The Children's services division is less than half as profitable as the Adult Services (If the numbers are to be believed) and despite claims that the area shows more opportunity Cambian have been targeting it for a few years now to what end? They've sold a good part of the business to clear the debt - admirable - but is what they are left with good going forward? I'll continue to watch this one, in the meantime i the share dividend is 20p a share that effectively means the market has down-rated the SP? Or is that too simple? I reckon the family silver's been sold...
I popped in to see how this was going, and at time of writing there's been a net 300k of 'sold' today? So a few people not sitting on their hands? I saw a figure of £400m for the adult business which values the homes/sites at around £1.2million each. Is that reasonable? I don't know. I am not in on this one, but it is interesting, the suspense is killing me.
For those who bought at 50+ its an easy wait I'm sure. A look down the comments list suggests rather more bought in at considerably higher and there's still some way to go to break even. Its been a long time coming. The much discussed asset sale may cast some more light onto why the share price is dragging its heels - or maybe the market at large still doesnt trust the numbers coming out of CMBN?
6 October - 200 soon? Gents I admire your faith in this one. I'm not sure I could stand the tension waiting for it to happen! P
I had a good look a t this when it was around 200 last year and all the talk was that it would reach 300. It did, so i missed that one. Had I invested then I would still be way down..... The length of time it has spent at 60-80p suggests that there was a lot of doubt and it appears as though there still might be (NB Before the second dip last year the 'property value alone covers the share price'. This at 130-150p if memory serves). If that was the case why is it still below £1? So, if you are in, good luck!
Well that's great. But a clear leader with only 75% occupancy suggests either the market is over catered which will lead to prices coming down OR maybe the fact that it is a market leader is not seen as a good thing? Maybe there are other issues. The current figures dont have any upside in Adult services, and the Children services numbers have been targeted for a good while now without much success, maybe that is the reason for the slow moving SP?
The adult division is the stable high occupancy part of the business, client and staff tend to remain in place for longer periods. The children s services part is rather more volatile and still not above the target 'resistance level' of 80 or even 85%.