Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
The repurchase of shares programme talks of paying for the shares from cash generated from operations amounting to 34million quid. If they are doing it I assume they are generating cash and therefore profits.
Also I assume company will make a profit on these shares when the options are exercised at hopefully a higher price than the price they are buying them for now. Just a couple of positive thoughts
The share dumping might be because of the late RNS feed where another 1.2m shares have been issued as a result of share option exercises. You would have thought these would have been factored into share price evaluation but it seems all very jittery at the moment
Thanks - well reasoned views and commentary from both you and Sage
Good point because most share prices would fly on the back of yesterday’s trading update.
They fiddle around with the spread a lot. Currently 9%.
Agreed though that it is a solid company and conservative in their outlook. The indicators from latest results indicate that full year will beat the latest forecast but they are sticking to the original full year estimate given. Expect a lift when full year results come out.
Thanks Charles. I just looked at the lengthy prospectus of Vanguard’s FTSE 100 tracker and it seems to say that they ‘Rebalance’ quarterly in March June Sept and Dec. So this indicates that there won’t necessarily be a huge flurry of activity tomorrow if other funds are set up similarly.
On the other hand it indicates they can use derivative techniques to reduce risk which might mean they start investing early to avoid having to come in at a higher price on Rebalancing day.
I don’t see any significant buys going through if Tracker funds and the like are all going to fulfil their requirements by tomorrow. Or do these show up somewhere else? Just asking as not sure how that part works and therefore the information we are looking at it incomplete?