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If the fall is due to headlines of future nationalisation then I think this is a great buying opportunity. I dont think a nationalised railways will set up their own ticketing platform when Trainline is readily available .
Never expected a rebuy from 386 at this level so soon. Added back at 320/321 and will add again.
Buy the dips for now and adding if it go sub £3.
Happens all the time here, a seller trashes the SP and lo and behold later it is back to level on the day.
TY Mr MM.
Well you won't need Trainline when Labour re-nationalise.
Buy in yesterday, then this.
I knew I should have bailed at £3.80+.
That was my original target but alas here I am still holding 🙈🙈
£4+ seemed so achievable 🤣🤣🤣
Consolidation that is all. It is a buy the dipper again for now.
I take is back - WTF is going on here today 🙈🙈🙈🙈
Well were almost at £4 again - Is it time to offload after a LONG wait OR is there more to come??
Opinions??
What’s happening this morning seems like there are very few trades!!!
Going higher but trimmed a few - seemed the right thing to do as it lowered my average brilliantly.
Trapped funds seeing the light of day..... blinking in the glow.
Yes they are great results Quickdip. It is rare that there is a linear relationship between revenue and share price. Profits not mentioned here but often profit rise faster than revenue.
Trainline said its revenue growth will beat its forecast, giving the shares another spring to their step. The stock rose 12%.
Revenue in the financial year that ended February 29 rose 21% to GBP397 million from GBP327 million. Trainline previously had guided for a rise between 15% and 20%.
"We are 'buy' rated on Trainline shares because we feel positive investment attributes (strong UK market position, digital channel shift, strong ESG credentials, European prospects) outweigh associated risks and valuation considerations," Stifel analysts said.
One such risk that has faded is one in the UK. Shares in Trainline have risen roughly 30% since mid-December, when the UK government announced it will no longer pursue creating a ticket retailing website and app.
Interesting will be when we break through the 377 how high will it go?
Well done FD hope you bought many thousands of shares.
JP are breaking their hearts with an overweight note just out "JPMorgan raises Trainline price target to 359 (350) pence - 'overweight'"
Feel they could easily put a 4 instead of the 3 - ie 459 !
Agree with 377 as a first target, top of the current uptrend channel. Solid S/R line at £4 as well if it has the legs.
But I'm not letting you off with "backwardation" this early in the morning! I'm still just on my second coffee and you're giving high school algebra to think about :(
Another set of excellent results showing great control of a business recovering from the pandemic missile that derailed us.
France and Germany will need more patience offset by a great performance in Italy and Spain.
I am happy that i took a punt om these , pre the trading statement
Usually opens up, settles and then rallies further after catching the weak sellers.
377 backwardation is a trim target for me today. Hold for gold.
(Sharecast News) - Online ticketing platform Trainline reported sales at the top end of expectations as fewer strikes in the UK and competition for passengers in Italy and Spain saw revenues also beat forecasts.
Total group sales for the year to February 29 rose 22% to £5.3bn - above Trainline's already-improved guidance range of 17% to 22% - with international ticketing up 14% to £1bn and the UK surging 23% to £3.5bn.
Group revenue was £397m, 21% above guidance of between 15% - 20%.
"Our growth was fastest in Spanish domestic travel, which doubled year on year as we position ourselves as the aggregator of choice. Trainline's market share continues to rise on key routes like Madrid - Barcelona, which is now our third most popular route across all countries, including the UK," said chief executive Jody Ford.
The UK market continued to rally from volatile markets caused by the Covid pandemic and a wave of strikes by railway workers over pay as the government started to settle disputes.
Strike days fell to 25 in fiscal 2024 from vs 30 a year earlier and also lessened in financial impact on gross ticket sales to £4m from £5-6m.
UK Consumer growth also reflected more people switching to digital tickets, with industry eticket penetration at 47% of ticket sales in FY2024, up from 43%.
Are they great results? Ok 21% up on last year l, but let’s not forget the SP is 36% higher.
We outperformed expectations this year, growing strongly in the UK and across the continent, with International Consumer net ticket sales of more than £1 billion.
Twelve months to end of February 2024
FY2024
FY2023
% YoY
Net ticket sales (£m)
UK Consumer
3,469
2,811
+23%
International Consumer
1,041
915
+14%
Trainline Solutions
785
597
+31%
Total Group
5,295
4,323
+22%
Revenue (£m)
UK Consumer
209
172
+21%
International Consumer
53
45
+17%
Trainline Solutions
135
110
+23%
Total Group
397
327
+21%
FD
You missed the day Shapps opened his mouth and sunk the shares to 155p most are just staggering pack to breakeven and many have a £5 or higher average is they did not jump ship.
In a fair wind this is over £4 tomorrow.
Yes up 1.86 % today , hopefully tomorrow will be positive
Hoping the strength is a leak ahead of the results.
Whatever happens tomorrow +/- 20% enjoy the ride. It is the taking part that counts.
280 to 380 hopefully slicing through 342 . Expecting great results.