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Would a drop of %15 justify the company saying anything?
It now appears that the w warrants at 66.00 are worth nothing now. Losing all that value in less then a month. What a scam!
Biggest 1 day drop ever on troxw (W warrants) on volume of 100 warrants. What a joke this has become!!
Time ET Ex Price Change Volume
14:11:48 Q 66.00 -31.12 100
Another day another 52 week low!
Think we see sub $100.00 today?
So much for $250.00 per share price target. Maybe they meant $25.00. I much prefered when it was trading on the OTC!
Do you think this driving down the price has anything to do with the upcoming stock split. The timing seems very suspect to me? Any way you can see who is dumping today?
Drop due to insider information? Any news from the company?
Did you see how far TROX has dropped after 1/2 hour of trading. WOW - Somebody wanted out - Not much support?
I would have been much happier with the proposed $25 special dividend that they mentioned instead of the share buy back.
Thanks - Any information on how the split will affect the warrants?
Thanks
What about the 4 additional shares:
The Board also approved a 5-to-1 stock split in which holders of record of Class A and B shares at the close of business on July 20 are issued 4 additional shares for each share of the same class by way of bonus issue
If you had 1000 shares then wouldn't you get another 4000 shares?
Just trying to get a handle what is going to happen.
Also how does all this affect the warrants? Do you think it is better just to excerise the warrant now before the deadlines?
Thanks
They could have done what Tronox did! They did the right thing.
TRONOX LTD CL A ORD
Symbol U : TROX
Recent Sedar Documents
Tronox Authorizes Stock Repurchase, Regular Quarterly Dividend And 5-For-1 Stock Split
2012-06-29 08:43 ET - News Release
COMPANY REPORTS ON SECOND QUARTER TRENDS
STAMFORD, Conn., June 29, 2012 /PRNewswire/ -- Tronox Limited (NYSE: TROX), a global leader in the titanium products industry, announced today that its Board of Directors has authorized the repurchase of up to 2.5 million Class A shares in open market transactions. Any shares that are repurchased by the company will be cancelled in accordance with Australian law, under which the company is incorporated.
In addition, the Board declared a dividend of US$1.25 per share on Class A and Class B shares and announced its intent to continue to pay a dividend of US$1.25 per share on a quarterly basis. The declared dividend will be payable on August 13 to shareholders of record at the close of business on July 13, 2012.
The Board also approved a 5-to-1 stock split in which holders of record of Class A and B shares at the close of business on July 20 are issued 4 additional shares for each share of the same class by way of bonus issue.
Does this mean if you had 1000 shares then you would have 5000 shares with the split and then 4000 more for the additional shares for a total of 9000 shares? At 1.25 per share per quarter this would = $45000 per year in dividends. Is this right?
Thanks
Is this what we are getting or just what you are hoping for?
Only in the US can this happen! Long 7000 shares, but wishing I hadn't bought!
Look at the trading today of troxg (warrant). What a joke!
I cannot believe that with good news over the last month (plant start-up/jet fuel trials/new agreements) and the stock hits new 52 week lows every day. Early last week the stock hits $9 then loses half its valve in approx 2 days. Something fishy is going on here with management. Wonder how much stock they sold before the stock tanked last week on the news on the new stock issuing? Would the SEC investigate this? I bought stock around two months ago and am down significant money already!
Thanks
Anyone have information as to how the 5:1 split/ additional 4 shares will affect the warrants? Thinking it might be best to excerise the warrants before July 13th? Any ideas or help would be appreciated.
Thanks
Do you consider todays news to be good news? The stock is trading down today. Also how does the quartely dividend of $1.25 apply to the warrants?
Thanks
Lets go back to the OTC. Things where so much better over there!
Pumper?
Another big down day. We now much lower even with the $12.50 dividend factored in. $250 per share seems so far away now. Losing patience very quickly here.
Warrants got slammed again today. Guess its best to convert at this point. When will this market madness stop?
Another down day. All red days since the listing. Who's unloading? This stock did better on the otc market!
Nothing but downhill since the big board listing. So much for $250.00/share!
I find it hard to beleive that we had more volume on the otc? I think that someone is unloading once they got their dividend.
Maybe insiders were selling once they got their dividend?
Iguess moving over the the big board was not well recieved. Huge down day yesterday for first day of trading. Don't get it?
Are you going to excerise the warrants then?
Any idea what the initial price of trox will be on the Nyse?
Tibby, you still here and holding?
Nice trading day today. lol Downward trading here lately. Can't wait to sell.
Thanks. Looks like I better convert right after the transaction closes and just after re-listing. Can you send me your email address as I have a couple of questions regarding excerising the warrants.
Thanks
Thanks
I still hold the warrants and I understand that the $12.50 dividend will apply once the warrants are converted. What about the special $25 dollar dividend will that be applied to the warrants when converted as well. And will the forward looking Q4 2012 dividends apply as well? Or will this all be factored into the present and future pricing of the warrants? If there is a split will the warrant strike price split as well? So many questions that it might be better to just convert the warrants as soon as the transaction occurs and are listed on the NYSE.
Please help!
Thanks
Well management did very well here! Bunch of A-holes
Almost 4 months of gains gone in two days. What a joke!
Soon to be $0.000001