Triton Group - Struggling?

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.......

ROVworld Webteam Joined: Dec 12, 2003

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

ROVworld Webteam Joined: Dec 12, 2003

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

Member Joined: Jul 29, 2009

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. Mad

you should see todays published accounts for shell....

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

Savante wrote:

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.

Quote:

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.

Member Joined: Aug 10, 2008

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..

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

Member Joined: Jun 26, 2009

''Struggling''? Surprised