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This company is a toss-up. On the one hand, valuation has been decimated, but on the other hand, the business model (print industry) is on their last legs. In the short-term, Trinity Mirror will defend their valuation because it holds real tangible assets of �170m. Their net debt of �88m isn�t a big concern because of positive operating cash flow. Also, it manages to agree on annual payments of �44m to the pension pot for the next ten years, equating to �444m vs. �378m in pension deficits. Market concerns are on the company falling revenue and the impact it will have on profits in the future when Trinity can�t make further acquisitions because of competition rules. And that won�t be in a few years� time. I think in the short-term, Trinity Mirror can continue to see their share price rise further, but the rise will be limited, so sell at up to �1.25 per share (�340m valuation). Personally, it�s too much of a risk for medium to long-term shareholders. For more on yesterday�s update from Trinity Mirror and the interpretation of Ophir latest acquisition and annual results from Elektron Technology, click http://bit.ly/2HP2vzU
Yeah, spot on, it'll go the same way as vinyl........hey, wait a minute.
Print media is dead - bust in 3 yrs?
Trinity Mirror presents a dilemma for the ordinary investor. After reading their results it profits are steady, but sales are declining at a rapid rate. One big factor for revenue collapsing is the fall in advertising of 25%. Another observation I conclude is Trinity Mirror (now renamed Reach Plc) is operating rather efficiently, BUT the sector is in terminal decline. And given Trinity print division (accounts for 85% of sales) management looks set to run out of revenue to generate a decent level of profit and justifying their valuation. Therefore, it needs to acquire sales at a premium price. For more on charts, interpreting today�s results and share price forecast, click http://bit.ly/2tfafIP
The strategy is a joke. The CEO is a joke. The CFO has been there too long. Remuneration packages are obscene. If it was a horse TM would be put down.
Today's Sunday Times says deal imminent (weeks to finalise) and to be discussed at Trinity board meeting this week. In excess of �100m cash plus shares (10%) to Desmond. This doesn't appear a good deal for TNI given N&S reduced t/o �157m and profit of �13m? Thoughts anyone??
Looking at management strategy I'm disappointed. They are prepared to waste hundreds of millions of pounds on other failing publication without addressing the biggest problem in the room. The collapse in advertising revenue on print. I know they have increased digital sales to £90m, but it represents 15% of all group sales. Over the medium term, the shares will take further tumbles, here are five reasons why: http://bit.ly/2zfKuG1
Down 54% on this @@it share. No strategy, co sec can't be bother to respond when SP plummets, crap website. Only enjoyment is watching this go to zero as BOD share pile will be worthless. Even buying back their shares does nothing. I have a wide portfolio and fortunately rarely loose money but this one I got badly wrong.
Damn disgrace. Still no response from Co Sec. Clearly don't give a s**t about PIs. What a grubby co this is I rue the day I ever invested.
I agree. The SP was trading at 105+ in the summer and lost 40% since without comment except for a bland statement (09/10/2017) "The board remains confident that performance for the year will be in line with expectations"; not good.
I agree. All very well going digital but have you tried their website? It's rubbish takes hours to load if you don't have ultra fast broadband abd not that quick if you do. Needs a fresh head at the top but problem is if you were any good you'd run a mile from this. Shares down 10% yesterday and no RNS or other communication from a MEDIA COMPANY. **** poor. Wrote to co sec on investors section of their Corp website, guess what no response. Pity there aren't more of us here because other media do pick up these comments.
This share is potentially cheap, trading on a PE ratio of about 3. Why is the share languishing? Ever since Mr Fox took over the shares have been a disaster. IMO he should g,o as under him HMV went to the wall. I think that the BOD have lost the plot. They stated that advertising from newsprint was falli g and that digital was the way forward, then promptly launched a new newspaper that did not last very long. Surprise surprise. I and my parishioners are losing patience. What are other shareholders' views?
10 % share drop and no communication from a media company!
This is so cheap . Why down 10% today though ?
Nomuris and Barclays May 17 SP targets looking extremely laughable today but there again when aren't broker ratings laughable.
The SP continues to fall. Print in terminal decline. The only thing going up here is the salaries of the CEO and CFO. Joke.
I would like an RNS on why this is dropping like a stone ,8p in two days ?
http://www.mobilemarketingmagazine.com/making-the-most-of-mobile-payments-trinity-mirror Could be a boost to digital revenues.
Its dropped nearly 20% in the last 5 weeks...ok,so it went ex-div 5 weeks ago but the div was only3%,there's been no negative RNS....nothing to suggest such a drop?? This looks like a bargain right now at 97p
Is that sp better for you? I've been doing all I can and 109 is as high as I can get by wearing my lucky pink socks and by stroking my lucky cat. Hoping you can now take over, the socks are getting smelly and the cat needs a wig.
Mr market is largely sentiment driven, so little logic behind it. One days he's up, next day he's down, and more often he has down days.
My parishioners and myself own these shares and are today slightly puzzled. In our opinion, we do not have very much faith in MR Fox (ex HMV), but find that he has delivered a cracking set of results. The shares have a good yield and a low PE Ration of about 3, yet the market sent the shares down by just under 10p. Can anyone explain this "logic". In our view the shares are a definite buy, despite all of the problems associated with the phone hacking scandal, for which ample provision has been made in the accounts. Come on market, wake up to a cheap share. every blessing Rev Shep
Things beginning move here 110p has been the stumbling block a finish above would be very good news
Nobodies spotted this sleeper.