5 DMM's on the Book
SING . . . EMS 20,000
CFEP . . .EMS 100,000
SCAP . . .EMS 50,000
WINS . . .EMS 50,000
PEEL . . .EMS 20,000
PEEL & SING deal only with AT's which are of low Volume
CFEP, SCAP & WINS deal with ATs, and OTs
IMO Trinity is in what Charters call a Consolidation period were one grabs the lowest price possible and waits for News to take the Price up, at which time it's advisable to take profit.
Trinity is in the same situation that GKP was in back in 2009 and with a lot of luck good Licences and Drilling Success like GKP did in 2009 one can hopefully make money.
So IMO its best to Buy the Lows and Sell the Highs created by any News Releases.
If you don't fancy watching what is happening to your money, then, like any stocks taking the, erm, Investing route and holding through thick and thin can be risky ? ?
the old hedging contract in place til march is still a bit of a drag but this is a buy sub 17p imho.. it has started the year nicely too.. but thats after a significant retrace from 20p at back end of 2017.. 20p doable again in not too distant future I hope.. and if WTI averages north of $55 in 2018 perhaps this could get north of 30p sometime this year
Introduction to Bruce Dingwall 00:38
Trinidad and oil production 02:22
Trinitys oil fields 03:30
Trinitys law and national landscape 04:13
Corporate snapshot 05:47
Who are we? What do we do? - 06:54
Trinitys reserves 09:18
Oil production in 2017 - 09:40
Trinitys key metrics 13:45
EBITDA margin: 27% 14:42
Cost base down 57% since 2014 15:48
Peer group comparison - 16:44
H2 2017: increased work programme - 17:46
Momentum - 18:33
2018-19 outlook - 23:20
Margin comparison - 23:55
Why is the share price so undervalued? - 25:05
Whats the likely CAPEX over the coming years? 27:54
Could you explain how the tax and royalties work? - 29:50
Why has it taken so long to get to cash flow positive? - 32:06
What is your dividend policy? 33:55
What are institutions asking for Trinity to achieve before they take a stake? - 24:25
Why is the share price so low, what do you need to do? - 36:05
Why is the performance not consistent? - 37:25
With the history of Venture Productions, who has stayed with you? What are your plans? 38:09
I am in, and expect to be buying more. Looks like the management have got a grip on the costs and with a total share capital of about £30M it seems to be way undervalued. I didn't have any problem buying on 'quote and deal' so it is not too illiquid (if there is such a word).
still ticking up nicely.. so 20p is doable soon.. hopefully.. I did that top up at 18p and have stopped buying now.. but in hold mode more than sell mode at this time...
This has doubled in last two months and i feel like I'm more or less talking to myself here.. funny old world.
I hope one4all is still involved? .. although the July / August scary fall saw a few jettison their positions here, I expect.. proving this is a volatile stock for sure... so as ever dyor and be careful.
I bought some more this morning when I was more comfortable that 16p had some decent support .. I see it has now moved up a bit again and so I would by some more again at 17.5p/18p .. if that happens...
technical guys might get more involved again here now and the fundamentalists might well be confident that a higher again s/p is justified here now given p+l, b/s, future prospects etc..
into the 20's is reasonably readuily possible here soon imho..
of course dyor... and illiquid stocks like this can go down quickly too on not particularly large selling pressure..
These guys have effectively no debt now - cleared a relatively lot down - and low(ish) costs of production and so if WTI can stay even close to these levels this could do very nicely going forward.. and therefore pleny of s/p upside potential imho..
So i've just done a small top up here..
DYOR of course ( and we saw recently that because of the low profile / illiquid (ish) nature of this that if someone goes seriously about shorting it, it can come off a lot quickly ( hopefully they will not pick on it now though.. not least with WTI stronger for a while and a lot better balance sheet in assets and debt and P+L terms.., hopefully.. but who really knows.. )
I'm hoping the fall of recent days is from a shorter who does not know of fundamental issues here but does understand that this is an illiquid name whose price can be easily manipulated and whose management are not proactive in defending shorting occurrences - eg via RNS saying no fundamental changes - and so I've averaged down at 10p ..
But DYOR of course as this is gambling.. and anything can happen in gambling!
waking up a little.. perhaps in anticipation of an update coming very soon.. even if there is an imminent update 'nobody' knows how good or bad .. so this rise is likely speculatively 'in hope' I guess.. Also this is pretty volatile so todays rise so far in that context isn't much...
(I have increased my position a bit here since my first post but not a lot as I haven't got religion here.. yet..
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