Tricorn (#TCN) – currently continuing to pursue sales of operations, delays potential administration

Tricorn – ‘clarification of financial position’ hasn’t taken long & isn’t good. Hopefully our warnings were again heeded...

In June last year I commented on manufacturer and specialist manipulator of pipe and tubing assemblies Tricorn (TCN) updates on ‘COVID-19 disruption’… but struggling anyway?, concluding with the shares at 7.5p that its financial and trading conditions saw me retain prior caution. I most recently warned last month, concluding it remains good luck from the noted trading and financial situation! Natch, still bargepole. At 7:45am today the shares were suspended “pending clarification of the company's financial position”. That hasn’t taken long...

Tricorn – “there may be a requirement to operate beyond its existing facilities”. Uh oh...

Previously writing on manufacturer and specialist manipulator of pipe and tubing assemblies Tricorn Group (TCN), last week I reiterated my view from the end of last month with the shares slumping from 8.25p that how expensive the funding options I wonder? Natch, still currently bargepole. Today a “Company and Formal Sale Process Update”-titled announcement, and the shares currently further lower to below 4p!...

Tricorn (#TCN) – certain restrictions on bank facilities being imposed as trading pressure continues

Tricorn – I having previously questioned how expensive the funding options, “Strategic Review”...

Previously writing on manufacturer and specialist manipulator of pipe and tubing assemblies Tricorn Group (TCN), at the end of last month with the shares slumping from 8.25p I concluded how expensive the funding options I wonder? Natch, still currently bargepole. Today half-year results and more...and the shares further lower...

Tricorn (#TCN) – unable to make “required investment”, strategic review including formal sale process

Tricorn – “customer demand is steadily improving”… so why another share price slump?

Previously writing on manufacturer and specialist manipulator of pipe and tubing assemblies Tricorn Group (TCN), in November I wrote having previously concluded with the shares down to 7.5p to avoid that I retained caution with its outlook remaining uncertain. The shares last closed at 8.25p, but are currently slumping on the back of a results announcement...

Tricorn – “demand levels from a number of customers is increasing”, BUT...

Previously writing on pipe and tubing assemblies group Tricorn (TCN), in June with the shares down to 7.5p I concluded its update then, with the noted trading conditions see me retain prior caution on the shares… I currently certainly continue to avoid. Today a “Post-Period End Update”...

Tricorn – updates on ‘COVID-19 disruption’… but struggling anyway?

Manufacturer and specialist manipulator of pipe and tubing assemblies Tricorn (TCN) has updated including its “Chinese Joint Venture has continued to operate normally following the reopening of its facility on 15 February” and some UK trading has returned to prior levels but...

Tricorn (#TCN) – £0.49m open offer 30% oversubscribed

Tricorn (#TCN) – conditional placing to raise £1m & open offer to raise up to £0.49m at 10p per share

Tricorn – interims, I right to have been wary of debt & seemingly swiftly deteriorated market conditions?

In October I noted a “Trading Update” from pipe and tubing assemblies company Tricorn (TCN) – and the shares currently at 12p, down more than 33% on the day, concluding there looks potential value here but also risk – with the debt and seemingly swiftly deteriorated market conditions. As such, on the watchlist but one I currently avoid. Now results for its half-year ended 30th September 2019 – and the shares currently further lower, towards 10p…

Tricorn Group – does ‘trading update’ justify a 33%+ share price fall?

A “Trading Update” from pipe and tubing assemblies company Tricorn (TCN) – and the shares currently at 12p, down more than 33% on the day…

Tricorn (#TCN) – H1 “lower demand levels” & “pressure on margins in the USA”, now anticipates FY “materially lower than market expectations”

Tricorn (#TCN) – better than anticipated Q4, now expects FY “ahead of market expectations”

Tricorn (#TCN) – notes positive progress, expects results “in line”

Tricorn Group – revenue warning & worse to come?

Tricorn (TCN), which describes itself as a “manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy and Transportation sectors”, has released a “Trading Statement” including that revenue “is lower than anticipated at the time of the group's interim results announcement released on December 2nd 2015 and reflects further slowing in demand from key markets, particularly within the Energy division”. Hmmm…