Good to see a director buying yesterday. they must be laughing...

Good to see a director buying yesterday. they must be laughing at the share price falling so much over a 4c distribution cut.

Many other company's cut much biffer dividends / distribution and hardly fell...maybe 10-20%..not 65%.

The company said yesterday:

"Mr De Lacy said that Trinity’s current priority is to undertake capital management initiatives to reduce gearing and ensure the Group is in good shape to meet the challenges and opportunities presented by the current market
conditions.

“We have no plans to conduct any capital raising in the current market conditions and it is appropriate to take this conservative approach to preserve our capital base and ensure the long-term growth and sustainability of the
Group."

They'll do more then survive imo. A taeover offer of 80 cents was recently rejected so it gives a sime-base of where the managment see's the share price going.

Yeah its a hard time at the moment on the financial markets...but if you have some cash...no debts weighing on your back for a year or more...many good company's will come out of this on top.

Some company;s will fail during these times but good company's with conservative business principles, who are experienced and who have weathered previous storms will do well and may even attract a lot of new investors for being able to achieve just that.

TCQ's managment has all the ticks for me and a current share price sitting about 150% below what it should be...and even then it debatable whether is should be double that again...the directors believe so and rejected an offer 8 times above the current share price of 80 cents.....good one to get imo.