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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...

EPIC TCN
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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!...

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