Tronox Holdings plc (TROX) Options

An Upcoming Rare Earth Play to Take Notice of
https://10xalerts.com/an-upcoming-rare-earth-play-to-take-notice-of/

Tronox Q4 2020 Earnings Preview
Feb. 16, 2021 5:35 PM ETTronox Holdings plc (TROX)By: Pranav Ghumatkar, SA News Editor
Tronox (NYSE:TROX) is scheduled to announce Q4 earnings results on Wednesday, February 17th, after market close.
The consensus EPS Estimate is $0.20 (+42.9% Y/Y) and the consensus Revenue Estimate is $749.99M (+8.2% Y/Y).
Over the last 2 years, TROX has beaten EPS estimates 63% of the time and has beaten revenue estimates 50% of the time.
Over the last 3 months, EPS estimates have seen 3 upward revisions and 0 downward. Revenue estimates have seen 2 upward revisions and 0 downward.
Recent earnings Analysis from our contributors:Tronox Holdings plc: To Hold But Not To Have
Now read: Avient Corporation 2020 Q4 - Results - Earnings Call Presentation

https://seekingalpha.com/news/3662340-tronox-q4-2020-earnings-preview

Current PriceUS$18.93 31.9% Undervalued Fair Value:US$27.78

https://simplywall.st/stocks/us/materials/nyse-trox/tronox-holdings

* * $TROX Video Chart 04-17-2020 * *

Link to Video - click here to watch the technical chart video

Moody's Speculative Grade Liquidity Ratings-03/04/2020:

POSITIVE

Beats by 2 Cents and RAISES Dividend by 56%!!!!

Whisper number says Big Beat, Let's Hope!

Well defined Megaphone pattern here.

Sold!

Starting to look interesting again, imo.

Fiddy and out!

Anybody get sub $7?

Target exit getting close here, imo.

Monitoring this one.

News: $TROX Tronox to Hold Investor Call to Discuss Legacy Cristal Business Performance and Reiterate Outlook for 2019 and 2020

STAMFORD, Conn. , June 3, 2019 /PRNewswire/ -- Tronox Holdings plc (NYSE: TROX), a global mining and inorganic chemicals company, will conduct a webcast conference call on Thursday, June 6, 2019, at 7:30 a.m. ET ( New York ) to discuss and provide additional informatio...

Find out more https://marketwirenews.com/news-releases/tronox-to-hold-investor-call-to-discuss-legacy-cristal-business-performance-and-reiterate-outlook-for-2019-and-2020-8293248.html

News: $TROX Tronox Announces $100 Million Share Repurchase Program

Company to hold investor call to further discuss legacy Cristal business performance STAMFORD, Conn. , June 3, 2019 /PRNewswire/ -- Tronox Holdings plc (NYSE:TROX) ("Tronox" or the "Company"), the world's largest vertically integrated producer of titanium dioxide pigment, to...

Find out more https://marketwirenews.com/news-releases/tronox-announces-100-million-share-repurchase-program-8287506.html

Window Closed - 02/11

* * $TROX Video Chart 05-30-2019 * *

Link to Video - click here to watch the technical chart video

News: $TROX Tronox to Discuss Cristal Acquisition

STAMFORD, Conn. , April 11, 2019 /PRNewswire/ -- Tronox Holdings plc (NYSE: TROX), a global mining and inorganic chemicals company, will conduct a webcast today at 8:30 a.m. EDT ( New York ) to discuss its acquisition of the titanium dioxide ("TiO 2 ") business of The National Tita...

Got this from https://marketwirenews.com/news-releases/tronox-to-discuss-cristal-acquisition-7982800.html

* * $TROX Video Chart 02-12-2019 * *

Link to Video - click here to watch the technical chart video

More than 5 days have passed since the shutdown. The FTC's deadline has passed... Something is happening in the courts we just don't know how it will be resolved. You would think that the ftc has bigger fish to fry than block this merger.

It's a long, long road:


Administrative Law Judge Upholds FTC’s Complaint Allegations that Merger of Major Titanium Dioxide Companies would have Harmed Competition

For Release
December 17, 2018

Tags:

Manufacturing Industrial Goods Bureau of Competition Competition Merger Horizontal

In an Initial Decision announced today, Chief Administrative Law Judge D. Michael Chappell upheld allegations in a Federal Trade Commission complaint challenging the merger of Tronox Limited and Cristal, two top suppliers of chloride process titanium dioxide (“TiO2”), a white pigment used in a wide variety of products, including paint, industrial coatings, plastic, and paper.

“The evidence proves that the planned Acquisition may substantially lessen competition in the relevant market for the sale of chloride TiO2 in North America in violation of Section 7 of the Clayton Act and Section 5 of the FTC Act,” Judge Chappell wrote in the decision. He concluded that the planned Acquisition would create a highly concentrated market and increase the likelihood of coordinated conduct among the remaining firms.

“Respondents have failed to rebut this proof, including by failing to demonstrate that entry or expansion would be timely, likely, and sufficient to counteract the likely anticompetitive effects of the Acquisition, or to demonstrate cognizable synergies or efficiencies that might justify the likely anticompetitive effects of the Acquisition,” Judge Chappell wrote.

An order Judge Chappell included with the Dec. 7, 2018 Initial Decision would require the respondents to terminate the Proposed Acquisition Agreement and cease taking any direct or indirect actions to consummate it; to return all confidential information to each other; and to certify final compliance within 15 days of the order becoming final.

According to the FTC’s Administrative Complaint, Tronox Limited’s proposed acquisition of competitor Cristal, for $1.67 billion and a 24 percent stake in the combined entity, would violate the antitrust laws by significantly reducing competition in the North American market (comprised of the United States and Canada) for chloride process titanium dioxide. The FTC alleged that the acquisition, if consummated, would increase the risk of coordinated action among the remaining competitors, and increase the risk of future anticompetitive output reductions by Tronox.

The Appeals Process. Because the Federal Trade Commission has sought preliminary relief to prevent consummation of the proposed acquisition in federal court, Commission Rule 3.52(a) provides that the Judge’s Initial Decision is subject to automatic review by the full Commission. On September 12, 2018, the United States District Court for the District of Columbia issued a Memorandum Opinion and Order granting the Commission’s Motion For Preliminary Injunction.

The full decision of the judge is on:
https://www.ftc.gov/system/files/documents/cases/docket_9377_tronox_et_al_initial_decision_redacted_public_version.pdf

I hope the FTC will accept Tronox's proposal for the divestiture of the ashtabula plant as a possible solution.

* * $TROX Video Chart 12-06-18 * *

Link to Video - click here to watch the technical chart video

Tronox-Cristal merger likely to be finalized in Q1: Tasnee CEO

Source: https://www.argaam.com/en/article/articledetail/id/582807:
"27-11-2018

"The planned merger between Tronox and Cristal is expected to be complete by early 2019, Mutlaq Al-Morished, chief executive of National Industrialization Co. (Tasnee), told Al Arabiya channel.



The deal is underway and progressing as negotiations with the US Federal Trade Commission (FTC) is advancing, he said.



FTC filed in July a complaint against Tronox’s plan to acquire the titanium dioxide (TiO2) business of National Titanium Dioxide Ltd. (Cristal), a subsidiary of Tasnee.



All regulatory approvals were approved and the deal is pending FTC approval.



FTC had requested to sell Cristal’s plant as a condition to approve the deal, while Tasnee was able to convince the federal authority that there’s no need to sell a whole plant, and apart [sic] is enough, he said."

[Bolds are mine. EH22]

Wherr the heck is this mystery buyer of the Ashtabula plant... Let's get this merger done in behind us

12.90 Exploding now!!! See ya @ $21.00 promise $$$$

That was a Huge BUY, $7.3 Million BUY @ 12.76 Only a Hedge Fund or a Venture Capitalist have that ability to go ALL IN One shot Deal!!

12.76 sorry

Holy Sheeta, 568,582 Buy @ .76 That translates to $7,255,106 We could see $21.00 This week $$$$

Load all you can @ 12.95 Thank me @ $16.00 in 2 days!!! $$$$

ALL IN on the Dip @ 12.45 Analyst Target is $21.00

TRONOX Ltd (TROX) Gets a Buy Rating from Alembic Global
https://www.smarteranalyst.com/brief/tronox-ltd-trox-gets-a-buy-rating-from-alembic-global-2/

Thanks for the link. I've been involved in TROX off and on since pre bk. Through selling calls I was able to get my cost basis into the sub $5 range before the huge run over last few years. Sold out in the 20s. Been getting back in in 15s and selling puts and calls to lower basis into 12s. I'm comfortable with my position and will add further if the opportunities arise.

Best of luck all

I believe you are right, but we'll need a lot of patience. By the way, there was an interesting favorable write-up on Tronox in Value Investors Club on May 18, 2018. It is worth reading it:

https://www.valueinvestorsclub.com/idea/TRONOX_LTD/142232

EH22

This will get approved
This is a $20+ stock

Absolutely. I was hoping we'd all be retired by now :)

On September 14, 2018, at 1 P.M., the Chief Administrative Law Judge will hear the closing arguments of Tronox and the FTC. See:
https://www.ftc.gov/system/files/documents/cases/d09377_alj_order_setting_closing_arguments_public592139.pdf

EH22

OT

Hey, its been some long time ol buddy. You still holding Lehman? About one year to go till wrap up. Its been a LONG ride.

How's everyone here... Down to 16 is way overblown. I've been selling puts hand over fist. I think this stays above 16 and recovers nicely.

$TROX beats the Estimize EPS Consensus by 6c and the Estimize Revenue Consensus by $30.09M -

earnings

STAMFORD, Conn., March 1, 2018 /PRNewswire/ -- Tronox Limited (NYSE:TROX) reported revenue of $464 million for the fourth quarter 2017, up 32 percent from $352 million in the year-ago quarter and up 7 percent from $435 million in the prior quarter. Income from operations of $60 million increased from $1 million in the year-ago quarter and $51 million in the prior quarter. Net income from continuing operations attributable to Tronox Limited was breakeven, or $0.00 per diluted share, compared to net income from continuing operations attributable to Tronox Limited of $97 million, or $0.81 per diluted share, in the year-ago quarter, which included a corporate reorganization tax benefit and restructuring benefit of $138 million, or $1.14 per diluted share, and a net loss from continuing operations attributable to Tronox Limited of $31 million, or ($0.26) per diluted share in the prior quarter. Net income from continuing operations attributable to Tronox Limited in the fourth quarter included Cristal acquisition-related expenses of $15 million. Excluding acquisition expenses, adjusted net income from continuing operations attributable to Tronox Limited (Non-GAAP) was $15 million, or $0.12 per diluted share. Adjusted EBITDA of $135 million increased 125 percent compared to $60 million in the year-ago quarter and 10 percent compared to $123 million in the prior quarter.

On March 1, 2018, Tronox Limited, an Australian public limited company incorporated in the Commonwealth of Australia (the “Company”), The National Titanium Dioxide Company Ltd., a limited company organized under the laws of the Kingdom of Saudi Arabia (“Cristal”), and Cristal Inorganic Chemicals Netherlands Coöperatief W.A., a cooperative organized under the laws of the Netherlands and a wholly owned subsidiary of Cristal (“Seller”), entered into an Amendment to Transaction Agreement (the “Amendment”), which amends the previously announced Transaction Agreement (the “Original Transaction Agreement” and as amended by the Amendment, the “Amended Transaction Agreement”), by and among the Company, Cristal and Seller.

The Amendment provides for an extension of the termination date under the Original Transaction Agreement to June 30, 2018, with automatic three-month extensions to March 31, 2019, if necessary based on the status of outstanding regulatory approvals. The Amendment also provides that the Company has the right to terminate the Amended Transaction Agreement if it determines that the outstanding regulatory approvals are not reasonably likely to be obtained. In the event that such termination by the Company is on or after January 1, 2019, or if regulatory approval has not been obtained by March 31, 2019 and the Company or Cristal elects to terminate the Amended Transaction Agreement, then the Company is required to pay Cristal a $60 million termination fee.

Completion of the transactions contemplated by the Amended Transaction Agreement (the “Transaction”) remains subject to various customary closing conditions as set forth in the Amended Transaction Agreement, including receipt of regulatory clearances from the U.S. Federal Trade Commission and the European Commission. The Company has received approval for the Transaction from seven of the nine regulatory jurisdictions whose approvals are required to close the Transaction.

In addition, Tronox and Cristal agreed to modify the form of shareholders agreement that the parties agreed to execute at the closing of the Transaction to provide for certain changes to the number of shares Cristal and its affiliates are required to hold in order to maintain board representation on the Tronox board of directors and to the transfer restrictions applicable following the closing of the Transaction.

Other than as expressly modified pursuant to the Amendment, the Original Transaction Agreement, which was previously filed as Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC by the Company on February 21, 2017, remains in full force and effect. The foregoing description of the Amendment does not purport to be complete, and is qualified in its entirety by reference to the full text of the Amendment, which is filed herewith as Exhibit 2.1 and is incorporated herein by reference.

Item 2.02.
Results of Operations and Financial Condition.

Attached as Exhibit 99.1 is a copy of a press release of the Company, dated March 1, 2018, reporting the Company’s financial results for the fourth quarter ended December 31, 2017. Such information, including the Exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

I finally received my shares last week.......probably should have excised the warrants last year.....I see the stock is now closer to its 52 week low and to its 52 week high.......

Anyone reason why Tronox postponed their earnings release by two week??? Good news or bad? I would think bad news as reflected by the stocks recent performance

Thanks

I finally received my shares last week.......probably should have excised the warrants last year.....I see the stock is now closer to its 52 week low and to its 52 week high.......

Anyone reason why Tronox postponed their earnings release by two week??? Good news or bad? I would think bad news as reflected by the stocks recent performance

Thanks

Well I think that I finally excisered my warrants.....I called the bank and it took them 1 week to get the instructions. Was told that it would take up to 10 days to get my shares. In the meantime, the stock is crashing and I cannot even sell, because I do not have the shares yet.......I love it how the "experts" stay don't panic, wait it out.......easy for them to say as they sell and pick up cheap shares....Legalized theft I tell you

Thanks for the quick response

KT Investor,


It took about a week to receive the shares.


Sincerely,

EH22

How long does it take to get the shares once you tell your broker for cashless exercise?

Dear fuller 11,

The warrants expire at 5:00 P.M., New York City Time, on February 14, 2018.


In my opinion, if you still own warrants, you should not attach particular importance to the quoted price, as it is manipulated because of the low volume, and I believe it would be presently hard to sell them for their true worth.

You can either exercise them for shares:
paying $38.71 for each TROXW (Warrant A) for 6.02 shares,
paying $44.01 for each TROXG (Warrant B) for 6.03 shares.

You can also exercise them in a cashless manner, i.e., then you pay nothing and receive less shares according to a formula that depends on the share price. You can combine cashless for part of the warrants and pay the exercise price for the rest.

If you do nothing then the warrants are deemed worthless after expiry date.

This is just my two cents and not an advice.

I myself chose the cashless option, but it depends on your judgment. The best way to do the above is through your broker (be it a bank or some other broker as per your case).
Please read the document that I referred to in my reply to Bembel.

Sincerely,

EH22

Can someone please post the date of expiry for the warrants. I believe that they are in February 2018.

Still trying to figure out the volatility of the warrants are one as not moved in the past week and the other is down big time. Can anyone please enlighten?

Thanks

WOW................FTC really hit the price today............Gotta love the stock market..........as Trump would say..........BAD, or is Badily????

Bembel,

As far as I know you have to either sell the warrants or exercise them by the expiry date. After that they are deemed worthless.

Please read the entire AMENDED AND RESTATED WARRANT AGREEMENT at:

https://www.sec.gov/Archives/edgar/data/1530804/000119312512277246/d369573dex106.htm

I hope this helps.

Sincerely,

EH22