Triton Group – Struggling?

This topic has 22 replies, 11 voices, and was last updated 14 years, 2 months ago by Donald Faulds.

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July 29, 2009 at 11:08 am #2801

James McLauchlan
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In the course of my daily trading on the financial markets I’ve had some thoughts about Perry Slingsby closing up production in the USA. Perry is part of the Triton Group.

PERRY SLINGSBY SYSTEMS
SUB-ATLANTIC LTD
UKPS
SUBCO

to name but a few …….are all part of the Triton group.
A full list can be found on the Triton website at: http://www.tritongrouponline.net/companies.php

Judging by past news releases, some of which appear on ROVworld.com, the group has been heavily financed by various UK banks over recent years and the downturn in industry may well be hitting them hard, along with the rest of the planet that is.

It appears to me that the Triton Group may well be struggling with possibly only one well known (to us offshore types anyway) element of the group showing any kind of profit this year, namely UKPS.

Thoughts on a postcard to…….

July 29, 2009 at 1:50 pm #24280

Rons_ROV_Links
Participant

I couldn’t find anything about this so far.
Will dig deeper this evening when I am back home.

July 29, 2009 at 2:41 pm #24281

Rons_ROV_Links
Participant

My guess it’s not only Triton Group or Oceanteam hit by current recession.
More and more companies in oil and gas sector see their profits fall in Q2.

Upstreamonline.com today:
– ConocoPhillips numbers plummet
– Hess takes a tumble
– Snam sags on demand slump
– Price plunge slugs Talisman
– Odim fires margin warning

July 29, 2009 at 5:40 pm #24282

Tony Soprano
Participant

Yes, Its true. Perry Slingsby in Jupiter, FL is shutting down its operations. its too bad because as I understand it, they have never failed to show a profit and were instramental in earning the Triton Group millions. Triton will tell you that they are "consolidating manufacturing" but it is BS. They are closing a factory and laying off 120 people. If you have any investment in Triton, you may want to bail out now before its too late. 😡

July 30, 2009 at 7:23 am #24283

Savante
Participant

you should see todays published accounts for shell….

http://news.bbc.co.uk/1/hi/business/8175774.stm

July 30, 2009 at 8:08 am #24284

James McLauchlan
Participant

you should see todays published accounts for shell….

http://news.bbc.co.uk/1/hi/business/8175774.stm

Same for the other oil co’s but it’s not due to the recession.

Global crude prices hit a record $147 a barrel last summer before falling back. US light crude is currently at $63.

That high oil price was purely speculative. The current §63.00 is also very nice for Mr Shell, BP etc.

July 30, 2009 at 2:28 pm #24285

DJansen
Participant

Funny how they have been pleading poverty ever since oil came off of the high 100 dollar plus price… Not that long ago it was 20 bucks a barrel and they seemed to being doing just fine… Now it’s at 63 and you’d think they were destitute.. If they want to save some money ars4hole off all the office based safety clowns and all the unecessary ‘project manager’ types..

July 30, 2009 at 3:30 pm #24286

Savante
Participant

23% of gigga and tera bucks is still good to me !!

July 30, 2009 at 7:19 pm #24287

iROV
Participant

Struggling? 😮

http://www.crudethemovie.com/

July 30, 2009 at 7:46 pm #24288

James McLauchlan
Participant

Triton Group – Struggling?

July 30, 2009 at 8:19 pm #24289

Savante
Participant

understood !!! – back to the subject….

August 1, 2009 at 1:56 pm #24290

Scott Beveridge
Participant

Funny how they have been pleading poverty ever since oil came off of the high 100 dollar plus price… Not that long ago it was 20 bucks a barrel and they seemed to being doing just fine… Now it’s at 63 and you’d think they were destitute.. If they want to save some money ars4hole off all the office based safety clowns and all the unecessary ‘project manager’ types..

Da_n!!! Beat me to that one dude…. remember lowest oil price at $8.00. Da_n!!! beat me to the punch line!!!

August 3, 2009 at 3:14 pm #24291

Rons_ROV_Links
Participant

Triton Group to make Houston centre for the production of specialist subsea equipment for the Americas

August 3, 2009 at 3:40 pm #24292

Scott Beveridge
Participant

Sooooo…. reading through all the flowery media SH_te…. what’s the bottom line??? I’ve got my own ideas…..

August 4, 2009 at 11:06 pm #24293

James McLauchlan
Participant

I’m sticking with my original thoughts and currently will not be swayed by news releases possibly designed to deflect from the issue at hand.
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