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The train is finally leaving the station, the repairs are complete :)
I did indeed, to bring the average WAY down from my initial purchase 3 years ago :)
Hope you averaged well down and yes it is coming soon. If it passes the recent spike high heading back to 380p and up.
£4 is my target for this year - after sitting on this for 3 years :)
Trainline Plc. (TRN:LN) (TNLIY) PT Raised to GBP4.08 at Morgan Stanley
January 29, 2024 8:08 AM
Morgan Stanley analyst Miriam Josiah ...
(Premium-only article. Please sign in or upgrade to SI Premium to view.)
What a day - That's ALL folks :)
In the same carriage as you R_P, been a great journey and not planning to get off anytime soon. Worked my average down so at least above breakeven but the funds have been tied up for 3 years so looking for a good bit more having endured the turmoil pf Grant Shapps aka Michael Green.
The company should grow into being back above £5 and then I will be happier.
The recent spike and fall back has been a great consolidation and with a bit of a market rally, this should blast through the intraday 347 spike and beyond.
Surprised that the DFT news did not spike it back towards where is had been prior to Shapps as the compan is leaner, fitter, stronger.
The opportunity to fill that gap is only around the corner as the DOW hits 40k.
GLA esp the LTHs
The new director announced yesterday maybe underlines how well the European Market is doing.
Been siting on this since the FIRST big drop with the GOV announcement - I may finally get the £4+ i wanted this year :)
BBC online news running a piece on rail fares comparing station ticket machine prices to online prices and the huge difference. Trainline get a mention
Is today's drop due to the new ASLEF strike?
Let's hope trn keeps choo chooing along this year, all the best.
Wed 20 Dec 2023 13:39
RNS Number : 5052X
Trainline PLC
20 December 2023
20 December 2023
TRAINLINE PLC
(the "Company")
Capital Reduction
Trainline plc is pleased to announce that, following (i) approval of the cancellation of the amount standing to the credit of the Company's share premium account in full (the "Capital Reduction") by the Company's shareholders at its general meeting held on 21 November 2023; and (ii) formal approval on 19 December 2023 by the High Court of Justice (the "Court"), that the order of the Court confirming the Capital Reduction and a statement of capital approved by the Court in connection therewith has been sent to the Registrar of Companies. The Capital Reduction will become effective upon the registration of the order of the Court and associated statement of capital by the Registrar of Companies.
Further information relating to the Capital Reduction, which will create additional distributable reserves of approximately £1,198,703,000, is set out in the Company's notice of general meeting published on 2 November 2023. The Capital Reduction itself does not involve any distribution or repayment of capital by the Company and does not change the total number of shares issued by the Company.
I should have bailed - o well :)
If it drops much further I will be tempted to readd my trims and more. What a tease.
Due to retest highs again on Monday?
Strong momentum ahead of the next update.
Fair point BUT £3.50 + is a no brainer here now - i would even hedge closer to £4 mark min.
Do not over extend yourself on trainline
One of my companies has 20 train ticket websites in progress www.trainticket.org www.trainticket.uk www.trainticket.ca www.trainticket.fr www.trainticket.es .be .it etc etc
The competition for train tickets is more intense than any reader can expect, and is in every major language
I saw your comments on this thread last night and I was going to reply!
Amazing foresight!
Well done Mary!
I can understand why it rocked the confidence in 2021 - when Michael Green aka Schapps opened his mouth once too often.
The international model was always a winner and it seems that it is trusted despite brexit :).
The company is much stronger since the failed DFT and should roar back to much higher levels.
330p does not come close to fair value - £6 is more like it but for now let's just move upwards from the 330p base.
What a total waste of time and money it was by the DFT to even consider it. The funny thing is, Trainline's investment case for me has been their ability to grow internationally. If you go to an Italian train station, you can open the app and book in seconds often with multiple operators running trains on the same route. Perhaps the UK government should be focusing on lowering the BTE for operators so that customers can have real price competition.
DFT'S CANCELLED TICKETING APP A "CLEAR POSITIVE" FOR TRAINLINE, SAYS JP MORGAN
(Sharecast News) - News that the Department for Transport has canned plans to create a Great British Railways ticketing website and app is a "clear positive" for booking platform Trainline, according to JP Morgan, removing a key overhang on the share price.
In a research note reiterating its 'overweight' position on the stock, the bank said Trainline had faced growing investor concern regarding the potential emergence of a new, online retail competitor in the UK, with its 62% market share under threat.
However, in an unexpected release on Thursday, the DfT announced it was pulling the proposals first outlined in May 2021.
"We are confirming that we are not pursuing plans to deliver a centralised Great British Railways online rail ticket retailer," the DfT said. "Train operators will continue to retail to passengers online alongside existing third-party retailers while we develop measures to spur further competition in the online rail ticket retail market to make things better for passengers."
JP Morgan said: "The proposed withdrawal removes a key overhang to Trainline's investment case, where building investor concerns have been around changes in UK rail regulation (a new GBR app) which drove a de-rating relative to classified peers, and overshadowed strong passenger momentum and improved operational delivery, in our view."
The bank acknowledged that some investors will likely be concerned about the emergence of Uber as an online ticket aggregator However, "indications continue to suggest little in-roads on traffic share to-date, and we expect investor focus to now turn to Trainline's strong passenger momentum and improved operational delivery."
JP Morgan has a 350p target price for the stock, which was called to open on Friday with strong gains from the previous close of 283p.
Indeed it did.
Bit of profit taking to be expected and trimmed a bit to reduce average - but now a recovery stock with plenty of legs.
£4 easy £5 possible and new highs.
Looking forward to a maiden dividend
Alas - This is no RR. board :)
But im over the moon all the same :)