Some big director purchases today, showing that they have confidence in the company's future and believe the shares have further to go.
16 May '13
Take a look at my earlier posts on this one. The latest update is very encouraging as revenues are improving and take a look at the statement and the digital audience this company now has ! On top of this it is still hugely cash generative and debt is falling rapidly and based on the update there will be no debt within 18 months. A dividend must be around the corner and the new team at the top seem to have a great strategy for growth. With EPS of circa 3x the potential here is enormous...............top up.
16 May '13
TNI Broker Upgrade.......
Trinity Mirror upgraded by Numis 16th May 2013, 09:52 Numis has upgraded its recommendation on newspaper group Trinity Mirror [LON:TNI] to ‘buy’ from ‘add’ after the company published a “solid” first quarter interim management statement for the 17 weeks ended 28 April 2013. The City broker has a price target of 132 pence per share on the stock offering a potential upside in excess of 40 per cent. At 9:50am: Trinity Mirror share price was up 8.88 pence at 101.63 pence.
16 May '13
TNI EXCELENT RECOVERY
Gone long ist thing. Recovery mode going well here...... Key Highlights · Improving revenue trends, in particular circulation revenues · Good growth in digital audience with unique users1 up 25% year on year to 31 million and page views2 up 36% year on year to 163 million · Continued strong cash generation with net debt falling by £25 million to £132 million · On track to deliver targeted structural cost savings of £10 million in 2013 · We remain confident in the outlook for the Group's performance in 2013 Outlook Revenue trends have improved over the 17 week period, despite the trading environment remaining challenging. We continue to expect an improvement in the rate of decline in revenues as we progress through the year as the benefit of our strategic initiatives start to take effect. The benefit of our strategic initiatives and our targeted cost savings of £10 million gives the Board confidence in the outlook for the Group's performance in 2013. http://www.investegate.co.uk/trinity-mirror-plc--tni-/rns/interim-management-statement/201305160700078309E/
26 Mar '13
I'm afraid the broker is putting on a brave face. He recently mentioned TNI being a trophy asset for a rich individual when he really wants them to release value to shareholders. You are basically saying that by summer TNI will get back to 110p. The board walked all over shareholders once again. Had they reinstated the dividend the group could have hidden the falling revenue and digital earnings. The share would have still been on the up but now eyes will be on that Q1 update.
25 Mar '13
Couldn't agree more with you. With the current peaks and troffs there's a lot of buying cheap and selling with profits shortly after - waiting for the fall and buying cheap again. Great fun but not really what the SP deserves - with Panmure Gordon upping target price from 115p to 130p and maintaining its buy recommendation this is a stock to purchase in bulk and see an easy 20% return by summer. However, should you have a dodgy ticker... :)
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