Member Info for PipeDragger

6 Weeks on It is still at 13% discount ..... but then look at where it is invested - airlines, oil etc.

The results won't be a surprise, it is the current trading update that is most interest. Sometimes they give the update with the notice. This time they haven't but I think the market is guessing it is all pretty good. We will soon find out.

Trading update must be due soon

It is going to be a long haul but the world will probably be a lot different when IOG are in production. Seems a good buy at the moment.

So true! I did sell up HUR at the peak last year

Yeah, very long time. Trinity is financially sound and sitting on cash but there is no way for an investor to get a return. Maybe one day they will develop one of those offshore assets or buy up some local competitor but for now it is just nothing doing. Flat production going into new decline and no dividend. Nothing to get excited about. Sitting on nearly USD 20M of cash and market capitalisation of GBP 30M. Nothing to get excited about until they decide to do something or just sell out - I am sure they could easily sell out for 2 or 3 times the current price.

AB76, I am sure Trin are delighted with having another excuse for a disappointing result. Previous excuses included forgetting to certify their own rigs (doh). But don't take my word, read the RNS record and you will see that they are at a production plateau until they either acquire another business, do the TGAL development or just sell up.
Having been highly profligate years ago and gone broke they are today well run and sitting on cash but not going anywhere with it. A dividend would certainly be appropriate or even a proper plan for the future and how they can deliver long term shareholder value. Right now they are just stuck on a plateau or slight decline......

another highlight of the RNS. ho hum

10% year on year production growth - their words from 2 years ago. still not happening.
3400 bopd exit rate - Q4-2019 update - nah that didn't happen either.

yes, it is big local player in my part of the world and you can see it is very busy - not affected by CV-19 so a decent prospect. ....... and that divi is great news

End of July I think. The word going around is that they have been doing a storming business during the lockdown. Hopefully that means a move upward in SP value.

Awarding themselves shares. at least the closer they get to 4.98p then the less they get.

I wonder what is brewing? I know they are doing a roaring trade through CV-19

Over the years I have bought at 18p, 28p and 6p. I have been through the admin period (worthless) and bought the dilution and seen the price all over the place. Happy to get out now and good luck for those who hold for future.

I am out. Happy holding

As they have just awarded share options to employees I am sure the listing will remain.

Under the 25th Aug 2017 long term award scheme, it could have vested early today. The price then was 11.5 and the target was to get to 35p. The scheme tapers down to 4.98p. Flat production and no dividend doesn't help. Only hope for a decent return is if they get bought out.

I have sold most of my modest holding. Nice to make a proper return. I am keeping a few for later - who knows, maybe they will end up with another winner medication.

Little trades with prices all over the place. I tried a buy earlier this week and the price came back as 25 to buy and 15 to sell which is quite a spread.

It is scant consolation ... but the management incentive scheme is based on reaching 35p by 30th June 2020 (ha ha). If the share goes down below 5p they get nothing. (RNS 25th Aug 2017) .