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Why 19p and not 19.5p or 15p etc? Is this what the charts suggest? Share price will stay depressed until the ecomony turns around....ie. 2/3 years time!
could this see 19p?????
still think this will go sub 25 dont know why i just feel it in my water and thats were i will jump in
The market capitalisation is now lower than the current year's operating profit. Yes, the pension fund deficit will have increased with the recent stock market falls but this really is only a temporary problem. When the recovery eventually comes - hopefully within 2 years - advertising revenue and profits will once again grow and the pension deficit will shrink. And by this time the level of net debt will hopefully almost be negligible and the dividend reintroduced. For medium term investors this is beginning to look tempting at the current sp level.
Or it's down to uncertainties over the pension fund deficit. Link to interesting article explains: http://www.telegraph.co.uk/finance/personalfinance/pensions/9272742/Eurozone-crisis-increases-pensions-black-hole-by-30bn-in-a-fortnight.html
Fall may be due to a million new shares in circulation following issue of 3yr deferred share payment to the directors.
No idea Trixie. Unless one of the big institutional investors has decided they have had enough and are selling at a big loss. However, with the SP this low, the % falls start to become greater for every unit point it falls
what's going on here?
We could do with Citi Group upgrading the stock!!
Trinity Mirror Plc (TNI) rallied 8.3 percent to 32.75 pence, the most since August. The publisher of the U.K.’s Daily Mirror tabloid gave an “encouraging” first-quarter trading update, according to Barclays Plc, which said that advertising revenue in March and April didn’t deteriorate. http://www.businessweek.com/news/2012-05-10/u-dot-k-dot-stocks-decline-before-boe-policy-decisions
IMO, TNI has been way oversold recently. Let's hope today is the start of a rebound. This really should be above 50p, where it was in February. It is madness that the sp is only 32p when EPS is 27p !!! The market cap is only twice last year's debt repayment and 1 x operating profit. There's 15% of market cap in the bank. The reduced pension contributions going forward mean that debt can be substantially reduced over the next 3 years. £15m structural cost savings are planned this year. Financing is guaranteed until 2015 by which time debt levels could be negligible. The new online initiatives and further cost cutting could see operating profit improve over the next 1-2 years. This stock is way overdue for a rerating and I expect to see 50p again by the autumn.
Thought the sp might have moved up a bit with news of Sly's departure.
About time! Sure share price will move tomorrow, just not sure if it will be up or down!
It has just been announced that Sly Bailey will step down as CEO at the end of the year.
Shorting activity on this stock is currently 'medium', maintaining the downward trend on the sp. As these people close their positions we should see a small uplift again. 53p in February now seems like such a long time ago !!!
Too late to sell as far as I'm concerned as I am so depressed by the performance of this share that I would find it very difficult to bring myself to buy back in at any lower level, and indeed there's always the chance of some corporate development such as a private equity buyout, or even an offer from a billionaire who fancies himself as a newspaper baron. Any such news might come out of the blue at any time. I simply don't understand the valuation here. I don't expect the shares to be sky high but they surely deserve to be rated better than this.
glad i got out a few month back at 45 will get back in if we see 25
My analysis leads me to believe that we now have a 50% chance of seeing 25p within the next 4 weeks and a 50% chance of seeing 35p again. Any views?
Hope not! I wonder if TNI could become a takeover target...but who would take them over?
I agree with your comments entirely. Yes, newspapers are obviously in long term decline but TNI is one of the best operators in the sector, it is profitable and it is paying down debt. As you say, any small sign of a pick up in revenue and this could rocket. If profit were, for example, to increase 10% we would probably see a 100% increase in share price. So, overall, a solid hold for those with patience.
thanks for replying, yes it is a long wait to recover and might make my point about purchasing elsewhere to make a quicker safer return. will hold for now.
and why is that?
I have been watching all your comments on the sp, all shorts will have to reverse there postions mid MAY.
Another sizeable holding here and it is very depressing seeing what is happening. The SP has in the past picked up very rapidly on good news - in 2009 it went from around 25p to over 170p in just a few months, and whilst it might be too much to expect anything like that now, the slightest sign of an upturn in revenue - which will surely come with an improvement in the economy, even accepting that newspapers are in a long term decline - could have quite an impact on the share price. The other factor is that this looks dirt cheap as a takeover prospect, even a private equity buyout, and the lower the price drifts the more likely that someone might be tempted by the value here.