We would love to hear your thoughts about our site and services, please take our survey here.
BBB
Don’t know Wentworth but here there is a tendency for PIs to confuse profitability with cash generation that the market just doesn’t have.
LuckCounts
But not “imminent” enough for the market, clearly.
clearly remains unconvinced that anything of interest to it is happening here within the kind of timeframe that it likes, no matter how hard some BB posters try to convince it otherwise. This arguably presents an opportunity for more patient investors.
No mayo on mine please.
EdCJones
“RossAnnan… the RNS I assume will be circa 2pm as we are dual listed.”
?
No worries.
Hopeingmore
Keep going back. But, since you mentioned it, what was stupid about highlighting LBPSW?
gggg21
“Rossannan the fact you have never posted here”
Check again.
gggg21
No RNS - tells you all you need to know. Better luck with your next ramp.
gggg21
So what?
gggg21
You do realise that we have known for many months about this trial being due to start at some point this year? This news is hardly ground-breaking.
It seems to me that the local politicians have problems with a concern like TRIN making significant profits. Hence the stumbling and stuttering progress on tax reform. The optics of letting the dog see the rabbit clearly make them uneasy. Yet in limiting the profits that TRIN can make, they limit their own tax take. Very short sighted.
Talk is cheap. Sounds to me like a can being kicked down the road. Something concrete on the expiry of the onshore SPT concession would have been a timely gesture of good faith. Might have whetted the appetite of the industry for the promised review. Uncertainty is the last thing it needs.
Yes. I have said before that extension (time wise) of the onshore concession is something they can at least reasonably hope for, but they will be very lucky indeed to get more than that and need to watch out for tricks like adjusting the losses allowable for PPT (used to be 100%, currently 75%, could be 50% shortly - you never know). My bet is that Jeremy’s offshore SPT hopes will prove ill-founded.
Yes.
ab76
And yet the cash pile did not increase significantly over H1.
Of course they are hopeful of further SPT reform. Doesn’t mean they’d bet on it. Jeremy seemed pretty clear in the previous presentation that the offshore situation is unlikely to change anytime soon.
LuckCounts
“on track for the fourth quarter 2021”
Anything is possible, but surely past performance (Heritage’s more than TRIN’s) makes it more likely than not that Q4 2021 with become Q1 2022 (at best).
I remain a very happy holder. Very good chance of a massive payday for the patient. The only niggle is the possibility of the now sidelined OMI BoD coming up with wheezes to keep themselves busy in the meantime, wheezes that don’t add value and dilute us further. I would be happy for them to pretty much shut up shop and just wait for our ship to come in.