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JPMorgan raises Trainline price target to 395 (392) pence - 'overweight'
Deutsche Bank starts coverage of Trainline at 'buy'
(Sharecast News) - Deutsche Bank initiated coverage of Trainline on Monday with a 'buy' rating and 470p price target.
It explained that Trainline is Europe's leading train and coach app. It gathers routes, prices and travel times from over 270 rail and coach operators in 40 countries, allowing the consumer to buy train and coach tickets quickly, saving time effort and money.
"Trainline offers a comprehensive collection of travel options to customers, in addition to unique, AIdriven information that helps individuals make the best decisions," DB said.
It said momentum at the group is strong in both the UK and Europe.
"We see significant opportunity for the UK business to outperform as digital ticket penetration continues to grow, 47% in 2023, with potential to grow to at least the 60s," the bank said.
"The group's business in Italy and Spain is gaining momentum; more detailed financial disclosure here has potential to allow a more granular valuation of these businesses, and the broader European opportunity."
DB added that France and Germany offer significant future potential as competition enters each market.
At 1010 BST, the shares were up 1.4% at 328.34p.
It explained that Trainline is Europe's leading train and coach app. It gathers routes, prices and travel times from over 270 rail and coach operators in 40 countries, allowing the consumer to buy train and coach tickets quickly, saving time effort and money.
"Trainline offers a comprehensive collection of travel options to customers, in addition to unique, AIdriven information that helps individuals make the best decisions," DB said.
It said momentum at the group is strong in both the UK and Europe.
"We see significant opportunity for the UK business to outperform as digital ticket penetration continues to grow, 47% in 2023, with potential to grow to at least the 60s," the bank said.
"The group's business in Italy and Spain is gaining momentum; more detailed financial disclosure here has potential to allow a more granular valuation of these businesses, and the broader European opportunity."
DB added that France and Germany offer significant future potential as competition enters each market.
At 1010 BST, the shares were up 1.4% at 328.34p.
Sometimes it takes time (especially in these days of the Algorithm ) for results both good and bad to be reflected in the share price...
Excellent recent results will be reflected in the price
At the moment the share price is 25% below its float price of 420p. This ignores 450% turnover growth since. and 101% operating profit growth at last results
No other company in the 350 exceeds all these growth numbers:
Arguably the fastest growing company in the FTSE 350
Turnover 491% up over 3 years
profit over 1 year 101%
operating margin growth over 1 year 50%
TRN is the only company with that kind of growth..and has more to come
Trainline doubles operating profits, European penetration soars
https://www.proactiveinvestors.co.uk/companies/news/1046774/trainline-doubles-operating-profits-european-penetration-soars-1046774.html
Trainline says Labour has no plans to revive UK ticket app, website
By Sharecast News
https://www.sharecast.com/news/news-and-announcements/trainline-says-labour-has-no-plans-to-revive-uk-ticket-app-website--16711918.html
This stock is SO frustrating - JUST when you think it may get to back to the £4 ish mark.
Some idiotic politician living off the Tax payers money and a not a clue about the world pens his/her big mouth :(
I'm one of those Retail Traders who began trading during the Covid days (for something to do) and we’re still here.
I sense that a lot of trades are done on a whim, rather than by looking at the facts. TRN was doing really well until Sir Keir said he’d take it back into public ownership, and it spooked the market! believe most of it already went that way (e.g. Transport for Wales was created as the Welsh Government's Operator in February 2021, to succeed the existing KeolisAmey Wales operated rail franchise)
According to my sharescope this is the 5th most volatile stock in the ftse 350. So this is just normal.
Shadow of Sir Keith casts uncertainty
Hmmmm, slightly concerning for the short term :(
It's on fairly high volume too... 3.2m already traded.
Why is this SO volatile!!!!
Seems to rise and fall on no news / no updates??
Nice one Corry 🤣
We apologise for the delay at the last station which was caused by a technical fault with the market signalling. This has now been corrected by applying a couple of belated but half-decent broker ratings. We are now underway again and trust that you will enjoy the rest of your journey.
Not 'Off' my radar :)
However, I have lowered my 50% sale target to under £4 now and the the other 50% will hold for 5/6.
No messages on the board for a week, yet it’s quietly creeping up. The daily company buybacks are also of interest, making every retained share worth slightly more in value. Definitely one to watch after the last positive results and overdone drop just before!
Let all remember
If your normal choice of ticket is to buy 1 ticket out and one ticket return,, this is classed as 2 ticket sales
If now your choice is
A split ticket,, this means you buy 2 tickets out and 2 tickets return- this is classed as 4 ticket sales
=but you payed less for your transaction
This means if they cannot generate new customers, next years sales will be lower, as everyone is tying to get cheaper split tickets by going for more splits ie 3 splits out and 3 splits back
Ticket numbers will always be up at trainline, but price of each ticket is going down
Let us remember trainline operates on 3% commission in the UK and 10% in Europe,,,this is fixed by the government
Very capable answers
No threats as far from straightforward
2nd term even unlikely the Govt will get it together
£5/£6 HOLD4GOLD
Making hay
Broader arc
should they get into government
will take full term of Parliament to sort out
TRN line making hay for 5 years
Held off going out - the presentation is excellent .
All I hear is GROWTH and OPPORTUNITIES.
Great answer on LABOUR
Results as expected and more, Europe steaming ahead year on year debt paid down by a third, this company is a cash machine.
Recommend a listen - the future is TRN. Have to go out but wow - Split Save !!!
Labour made clear they have NO plans for a centralised ticket website.
Real positives beyond the election whoever wins
Happy day :o)
I posted last week “You don’t invite someone into your office to make a public speech without having some idea of and agreement to what they are going to say, like to check that they are not about to trash your business model and ‘permanently’ knock 10% off your share price in the process!”
So let’s have our 10%+ back please, algo…
I did wonder what the "informed" parliamentary bod was laughing with Jody about when she made the announcement from Trainline HQ:
https://twitter.com/LouHaigh/status/1783460832161968306/photo/2
Their policy also states "Great British Railways will simplify the ticketing system and drive innovation across the network" - you don't get simplification and innovation from Government without outsourcing to the private sector. TRN is one of our great tech success stories and even Labour are not going to want to harm that in the name of political point scoring (please tell me they won't) and have stated they will work with the private sector where they add value.
Today’s results show that value, both to us and GBR, and the real growth is also coming from overseas.
Onward...