Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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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 :)
Welcome a lonely board here and no one reacted when I called this out on the after close RNS yesterday.
GLA heading p up & away.
Wham bam - Thank you Ma’am… :)
This is my third largest holding at about 285 and I was thinking off loading done, so glad I did not £4 + is easily achievable now.
Happpy days peeps - what a way to end the week after RR.’s performance of late 🤘🤘🤘
Gotcha
Barclays raises Trainline to 'equal weight' (underweight) - price target 355 (270) pence
Expecting a big move up today if there is any justice left.
Shares in Trainline (LSE: TRN) closed 2.9% higher at 283.00 pence on Thursday after the UK government confirmed it will no longer pursue plans to develop a ticketing website and app under its Great British Railways proposals.
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The transport department had originally floated the idea of a state-owned national rail ticketing portal in May 2021, sparking a 23% share price slump for Trainline. But ministers have now backtracked, pledging to “focus on opening up railway data and systems” instead.
This should lower barriers to entry for independent retailers like Trainline and “make things better for passengers,” the department said. Train operators will continue selling tickets online alongside third parties, with the aim of boosting competition.
Despite the policy U-turn, Trainline shares remain 14% down since plans for a government-run ticketing app were first announced and the stock has only gained 2% year-to-date in 2023. Hopes now are that the travel app can regain market share following this decision.
Alliance News) - Trainline PLC on Thursday noted the UK Department for Transport will no longer pursue creating a ticket retailing website and app.
The proposal for a Great British Railways app was first mooted in May 2021 as part of a white paper. GBR is a planned state-owned body that would oversee UK rail transport.
The Department for Transport said Thursday: "As set out in the white paper, we are committed to improving passenger experience on the railways.
"The private sector plays an important role in driving innovation and attracting more customers to the railway. As stated in the Bradshaw Address, we are focused on opening up railway data and systems, lowering barriers to entry for independent rail ticket retailers to improve passenger experience. We are confirming that we are not pursuing plans to deliver a centralised Great British Railways online rail ticket retailer."
It added: "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."
It was intended for the new body aims to sell tickets via a website and app, potentially putting it in competition with Trainline.
Trainline shares slumped 23% on May 20, 2021, the day overhaul plans were announced. The stock has fallen 14% since.
Shares ended 2.9% higher at 283.00p each in London on Thursday.
If I recall correctly the news in news in 2021 tanked the share price from 458 to 288 on the day by 38% and then with the doom and gloom it hit 159p around March 2022.
Criminal taking 65% off the pre announcement price.
If there is any justice in the world tomorrow this should pop up to £4+ or more.
Mx.
If there is any justice this will move sharply upwards now the debacle has formally ended.
The weasels have spoken
We are confirming that we are not pursuing plans to deliver a centralised Great British Railways online rail ticket retailer.
Today 16:32
RNS Number : 8886W
Trainline PLC
14 December 2023
Trainline plc ("Trainline" or the "Company")
Withdrawal of GBR app and website proposals
Trainline notes that the UK Government Department for Transport (the DfT) has today announced it has withdrawn proposals to create a new Great British Railways ticket retailing website and app.
The proposals were originally outlined by the DfT in May 2021, as part of the Williams-Shapps Plan for UK Rail white paper. The white paper and today's update is available to view on the UK Government's website:
https://www.gov.uk/government/publications/great-british-railways-williams-shapps-plan-for-rail
Update on centralised Great British Railways online rail ticket retailer: December 2023
As set out in the white paper, we are committed to improving passenger experience on the railways.
The private sector plays an important role in driving innovation and attracting more customers to the railway. As stated in the Bradshaw Address, we are focused on opening up railway data and systems, lowering barriers to entry for independent rail ticket retailers to improve passenger experience. We are confirming that we are not pursuing plans to deliver a centralised Great British Railways online rail ticket retailer.
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.
Undervalued by at least a £1 but base formed at 280p for the next move up.
2024 could be the year the gap closes.
Time for a maiden dividend?
Indeed -
I'm almost break even on the first buy and up a good few K on the second :)
Happy times :)
Progressing nicely! Moohahahaha 😈
JPMorgan raises Trainline price target to 350 (316) pence - 'overweight'
Late to the party but welcome all the same.
JPMorgan raises Trainline price target to 350 (316) pence - 'overweight'
Late to the party but welcome all the same.
Panmure are plain wrong imho this should be trading back to the highs. Expecting a sustained rise on the next pozitive news - despite the shirking strikers.
Yeah, a bit much. This strike info won't be helping today either, just after the better news yesterday:
https://www.bbc.co.uk/news/business-67591258
Trainline seem to be weathering through most of it though, with their more international exposure.
Seems like a bit of an over reaction 5% drop will be back up a bit next week.
"Any thoughts or reasining for todays drop?" - The reason is in the title of this thread.
R_P - the last change from Panmure I can see was also a cut from Buy to Hold in 2020, so they must have gone back to Buy sometime in-between but I can't find it either. Not all Broker ratings go public though, some are just released to their clients.
No idea but something has defo spooked it. Was hoping to dump mine at £3+ guess ill have to wait now :)