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Is today's drop due to the new ASLEF strike?
Let's hope trn keeps choo chooing along this year, all the best.
Wed 20 Dec 2023 13:39
RNS Number : 5052X
Trainline PLC
20 December 2023
20 December 2023
TRAINLINE PLC
(the "Company")
Capital Reduction
Trainline plc is pleased to announce that, following (i) approval of the cancellation of the amount standing to the credit of the Company's share premium account in full (the "Capital Reduction") by the Company's shareholders at its general meeting held on 21 November 2023; and (ii) formal approval on 19 December 2023 by the High Court of Justice (the "Court"), that the order of the Court confirming the Capital Reduction and a statement of capital approved by the Court in connection therewith has been sent to the Registrar of Companies. The Capital Reduction will become effective upon the registration of the order of the Court and associated statement of capital by the Registrar of Companies.
Further information relating to the Capital Reduction, which will create additional distributable reserves of approximately £1,198,703,000, is set out in the Company's notice of general meeting published on 2 November 2023. The Capital Reduction itself does not involve any distribution or repayment of capital by the Company and does not change the total number of shares issued by the Company.
I should have bailed - o well :)
If it drops much further I will be tempted to readd my trims and more. What a tease.
Due to retest highs again on Monday?
Strong momentum ahead of the next update.
Fair point BUT £3.50 + is a no brainer here now - i would even hedge closer to £4 mark min.
Do not over extend yourself on trainline
One of my companies has 20 train ticket websites in progress www.trainticket.org www.trainticket.uk www.trainticket.ca www.trainticket.fr www.trainticket.es .be .it etc etc
The competition for train tickets is more intense than any reader can expect, and is in every major language
I saw your comments on this thread last night and I was going to reply!
Amazing foresight!
Well done Mary!
I can understand why it rocked the confidence in 2021 - when Michael Green aka Schapps opened his mouth once too often.
The international model was always a winner and it seems that it is trusted despite brexit :).
The company is much stronger since the failed DFT and should roar back to much higher levels.
330p does not come close to fair value - £6 is more like it but for now let's just move upwards from the 330p base.
What a total waste of time and money it was by the DFT to even consider it. The funny thing is, Trainline's investment case for me has been their ability to grow internationally. If you go to an Italian train station, you can open the app and book in seconds often with multiple operators running trains on the same route. Perhaps the UK government should be focusing on lowering the BTE for operators so that customers can have real price competition.
DFT'S CANCELLED TICKETING APP A "CLEAR POSITIVE" FOR TRAINLINE, SAYS JP MORGAN
(Sharecast News) - News that the Department for Transport has canned plans to create a Great British Railways ticketing website and app is a "clear positive" for booking platform Trainline, according to JP Morgan, removing a key overhang on the share price.
In a research note reiterating its 'overweight' position on the stock, the bank said Trainline had faced growing investor concern regarding the potential emergence of a new, online retail competitor in the UK, with its 62% market share under threat.
However, in an unexpected release on Thursday, the DfT announced it was pulling the proposals first outlined in May 2021.
"We are confirming that we are not pursuing plans to deliver a centralised Great British Railways online rail ticket retailer," the DfT said. "Train operators will continue to retail to passengers online alongside existing third-party retailers while we develop measures to spur further competition in the online rail ticket retail market to make things better for passengers."
JP Morgan said: "The proposed withdrawal removes a key overhang to Trainline's investment case, where building investor concerns have been around changes in UK rail regulation (a new GBR app) which drove a de-rating relative to classified peers, and overshadowed strong passenger momentum and improved operational delivery, in our view."
The bank acknowledged that some investors will likely be concerned about the emergence of Uber as an online ticket aggregator However, "indications continue to suggest little in-roads on traffic share to-date, and we expect investor focus to now turn to Trainline's strong passenger momentum and improved operational delivery."
JP Morgan has a 350p target price for the stock, which was called to open on Friday with strong gains from the previous close of 283p.
Indeed it did.
Bit of profit taking to be expected and trimmed a bit to reduce average - but now a recovery stock with plenty of legs.
£4 easy £5 possible and new highs.
Looking forward to a maiden dividend
Alas - This is no RR. board :)
But im over the moon all the same :)
Welcome a lonely board here and no one reacted when I called this out on the after close RNS yesterday.
GLA heading p up & away.
Wham bam - Thank you Ma’am… :)
This is my third largest holding at about 285 and I was thinking off loading done, so glad I did not £4 + is easily achievable now.
Happpy days peeps - what a way to end the week after RR.’s performance of late 🤘🤘🤘
Gotcha
Barclays raises Trainline to 'equal weight' (underweight) - price target 355 (270) pence
Expecting a big move up today if there is any justice left.
Shares in Trainline (LSE: TRN) closed 2.9% higher at 283.00 pence on Thursday after the UK government confirmed it will no longer pursue plans to develop a ticketing website and app under its Great British Railways proposals.
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The transport department had originally floated the idea of a state-owned national rail ticketing portal in May 2021, sparking a 23% share price slump for Trainline. But ministers have now backtracked, pledging to “focus on opening up railway data and systems” instead.
This should lower barriers to entry for independent retailers like Trainline and “make things better for passengers,” the department said. Train operators will continue selling tickets online alongside third parties, with the aim of boosting competition.
Despite the policy U-turn, Trainline shares remain 14% down since plans for a government-run ticketing app were first announced and the stock has only gained 2% year-to-date in 2023. Hopes now are that the travel app can regain market share following this decision.
Alliance News) - Trainline PLC on Thursday noted the UK Department for Transport will no longer pursue creating a ticket retailing website and app.
The proposal for a Great British Railways app was first mooted in May 2021 as part of a white paper. GBR is a planned state-owned body that would oversee UK rail transport.
The Department for Transport said Thursday: "As set out in the white paper, we are committed to improving passenger experience on the railways.
"The private sector plays an important role in driving innovation and attracting more customers to the railway. As stated in the Bradshaw Address, we are focused on opening up railway data and systems, lowering barriers to entry for independent rail ticket retailers to improve passenger experience. We are confirming that we are not pursuing plans to deliver a centralised Great British Railways online rail ticket retailer."
It added: "Train operators will continue to retail to passengers online alongside existing third-party retailers while we develop measures to spur further competition in the online rail ticket retail market to make things better for passengers."
It was intended for the new body aims to sell tickets via a website and app, potentially putting it in competition with Trainline.
Trainline shares slumped 23% on May 20, 2021, the day overhaul plans were announced. The stock has fallen 14% since.
Shares ended 2.9% higher at 283.00p each in London on Thursday.
If I recall correctly the news in news in 2021 tanked the share price from 458 to 288 on the day by 38% and then with the doom and gloom it hit 159p around March 2022.
Criminal taking 65% off the pre announcement price.
If there is any justice in the world tomorrow this should pop up to £4+ or more.
Mx.
If there is any justice this will move sharply upwards now the debacle has formally ended.
The weasels have spoken
We are confirming that we are not pursuing plans to deliver a centralised Great British Railways online rail ticket retailer.
Today 16:32
RNS Number : 8886W
Trainline PLC
14 December 2023
Trainline plc ("Trainline" or the "Company")
Withdrawal of GBR app and website proposals
Trainline notes that the UK Government Department for Transport (the DfT) has today announced it has withdrawn proposals to create a new Great British Railways ticket retailing website and app.
The proposals were originally outlined by the DfT in May 2021, as part of the Williams-Shapps Plan for UK Rail white paper. The white paper and today's update is available to view on the UK Government's website:
https://www.gov.uk/government/publications/great-british-railways-williams-shapps-plan-for-rail