Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
There’s probably a lot of people who want to sell as there have been no deals announced the CFO is leaving and they pushed back the payment for the property in Langley -all slight red flags in my opinion so it will be interesting to see what they will say in a few weeks
Porsche is a bit like the investors chronicle you should buy when he says sell and vice versa - he missed the whole of the 2010 - 19 boom with his bearish side kick ( his name escapes me ) his brain is not fully formed
They were too busy looking at candlestick formations ichimoku clouds resistance points people like this are always looking lower and lower and then miss the boat - let me tell you I have been in the city for 35 years and technical analysis is bull**** - if it were effective fundmanagers and hedge funds would outperform - they don’t even with all the suckers money which they scoop in fees.
I think Britain’s biggest insurance co notwithstanding lgen higher market cap is an absolute steal at these prices - I presume there must be fear of a black hole in the accounts somewhere - looking ahead in a year or two if one gives these a fairly miserable pe of eight times earnings the share price would be about 4.60 - these are still even now at least a pound underpriced.
What strikes me as strange though is clearly a lo of private investors have been piling into this as it seems so obviously underpriced it is a bigger company than say legal and general although - 20 percent market cap less it makes thirty percent more profit than they do and using legal and generals miserable pe of 6 times forward earnings you would get a price of over 3 pounds - a more normal and still cheap pe on say eight to ten times earnings you would get to the four and five pound mark - it is so cheap I wonder what we are all missing their has been large private investor buying no short interest and no selling by large shareholders but the price seems to go down and down are their some gremlins on the balance sheet that we have all missed? On next years forecasts they are on a humiliating pe of about 4.5 times earnings.for a point of reference you’ve got an engineering co like halma with a similar market cap whose best ever year is about 200 million before tax aviva just did over 16 times that - can someone please explain!