Market's view on Trinity
Published on April 2024
- There are discussions about Trinity’s stock price potentially being undervalued, with suggestions that it was targeted at over 300p before, but now has fallen sharply to 76p after a reserves reduction.
- Concerns about mismanagement and lack of communication with shareholders are prevalent, alongside fears that the company might go private, disadvantaging smaller shareholders.
- Criticisms are directed towards the board for slow progress in asset development and appraisal, with some suggesting that this stalling may be due to the executives’ desire to maintain their high salaries.
- Some stock watchers suggest that large shareholders should pressure the management to address these issues or consider taking the company private.
- Discussions highlight ongoing frustrations with the management’s handling of projects like Galeota and Buenos Ayres, with delays leading to distrust among investors.
- The possibility of selling the company or its assets is debated, with opinions on whether this would occur soon or if the board’s perceived complacency might prevent timely actions.
- There’s a call for shareholders to unite and potentially force changes within the company through votes at meetings or by demanding more accountability from large shareholders.
- The company’s financial management is questioned, particularly the justification of high executive salaries given the company’s performance and transparency issues.
- Some stock watchers express dissatisfaction with the company’s public communications, describing them as inadequate and unprofessional.