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totally agree with you - but sadly I am not on the board of directors! I am just speculating on the reason for the SP fall, and if, as London03 suggests, it is not a major shareholder selling, then I think it is to do with worries about Thurs results, and no mood music about the reintroduction of the dividend. I suppose because TNI is now a small cap then stop-losses can get triggered on small SP falls (like the Deutche Bank downgrade) which in turn triggers more stop losses and the SP falls further than it should.
I really can't see why a 1p dividend cannot be paid. We are talking of 25p earnings here! Do the BOD want to send a positive signal to the market and their shareholders, or not?
share on loan has gone up.. so i dont think any major sharholder is selling
could be the Deutche Bank downgrade, or could be nervousness about the ongoing impact of the Sun on Sunday on sales and advertising revenue. The business papers today reported that four institutions hold 42% of the shares - so the real question is who is selling? I suspect it is nervous smaller shareholders. Or maybe some insiders have got wind that the final results on Thurs aren;t too hot, or those hoping for the reintroduction of the dividend know it won't now happen. I guess we'll know more by 8am on Thurs!
Results out 15th March. Any thoughts....why the decline today?
Talking of Mecon, it's down 10%...gulp!
A tie up with Mecom was one possibility - TNI were reported about a year ago as having explored the possibility. They now have a new CEO. However surely at these levels there is also scope for a private equity or management buyout.
who do you think would like to take over TNI?
If Sly were to be removed or step down, I wonder whether that might make a takeover more likely. Right now, that seems to be the only thing that might move this share up to a p/e of perhaps 3 or 4 which hardly seems too demanding.
That's what I think too. Come on Sly, do something for your shareholders !!!
YES there is no reason why a dividend cannot be reintroduced. Even 1p will send the right signal!
What we really need to change sentiment towards this company is an announcement that next year a dividend will be reintroduced. Any chance of this?
35p? Maybe, but the results are due next week so maybe there be some positives to change this downward trend? PE is less than 2, it's a joke imo
Actually, think I'll top up when it reaches 35p because the current trend indicates that's where we are going.
Me too, when sp drops below 40p.
Think I may BUY soon
Deutsche Bank downgrades Trinity Mirror from buy to hold, target price cut from 90p to 40p.
Are we now heading back towards the 12 month low?
Early figures from wholesalers and retailers indicate that the Sunday edition of the Sun, which launched at a cut-price 50p backed by a multimillion-pound marketing push, is on track to surpass the 3m sales mark – while sales of its rivals tumbled by 15% to 30%. The same information indicates that the biggest loser over the weekend will be Trinity Mirror, owner of the Sunday Mirror and the People, which had been the biggest beneficiary after the closure of News of the World. Early estimates indicate that the People could be down as much as 30% week-on-week to a circulation of about 560,000; while the Sunday Mirror is looking to be down by about a quarter to approximately 1.3m. http://www.guardian.co.uk/media/2012/feb/27/sun-on-sunday-launch?newsfeed=true
Hope TNI have scaled back theirs, as the launch of the Sun on Sunday tomorrow will make a massive dent in recent circulation figures. ATB.
You're absolutely right Bonz. However I bought in at about 47p before the hacking scandal came out - and always regarded the closure of the NOTW as a bonus. It was never likely that the extra sales would be sustained in the long run. Hopefully the management will have used the extra 'bonus' revenue to pay down debt. The key questions is whether - on a P/E of about 1.5 - this company is undervalued and there is SP growth likely in the medium term. My view is 'yes', especially if they reinstate a modest dividend. I suspect the final results in March will be more crucial to TNI's SP than the early sales figures of the Sun on Sunday which are bound to total between 2.5 to 3 million.
The Sunday Mirror's circulation figures will take a huge hit when the Sun comes out next Sunday. It is likely to lose all of the 60% YOY gain, and may even lose a few more. This will not only mean a loss of revenue of the £1 cover price on the extra 660,388 copies, but also a drop in ad revenue as the price they can charge is linked to readership. ATB.
A year ago it may have been in the 80's, but 2 yrs ago it was 150p, 4 years ago it was 300p and 5 years ago it was 500p!! Click on the share charts above and re-draw the graph to 5 years. Looks uncannily like a classic 'dead cat bounce'!! It may be profitable but in an ever decreasing market the profits will be a fraction of their previous levels and the div if it ever comes back will be no more than 1 or 2p. Newspapers are going out of fashion. People want todays news today, by the time it appears the next day in print they will have moved on to the latest trending news story. Soon they will be the preserve of us oldies who dont possess smartphones. The young who are always in a rush to get everything 'now' will de downloading their content on the go with very few being prepared to pay for it. We saw this happen recently with Kodak. At the forefront for a century, even 5 years ago their demise would have been unthinkable, now they are confined to history. ATB.