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The BB should have a long term impact, up to 12 months for this programme, but buying c.200k shares a day may not have a significant short term impact given the total trading volumes. I think that macro events incl. interest rates, cost of living, and a poor overall market sentiment will far out way any impact from the BB in the short term / day to day SP movements.
The £50m could buy back up to 4% of the company's shares (based on today’s price only) so it should be material over the course of a year, and once the shares are cancelled.
Not sure why you think the shares are being bought from Black Rock? The authority they have is to buy them on the market(s) (via Morgan Stanley acting on their behalf) not direct from any one shareholder, and the list of share transactions confirms they are doing that.
So over the last 5 days TL buy back shares, presumably from Black Rock and the share price falls. Does this make sense to anyone else? Is the buyback a red herring as £50m against a market cap of £1.3bn isn't really going to make a dent me thinks.
And another of circa 528k today.. wonder if this will be a daily task..
Don't worry I'll cease reporting in the buybacks now 😝
Looks like the first trench if buybacks has just occured. £331,716 bought back today.
Long may it continue 👍
It would be great if TL could have made some releases early to assure us that the strike action was having little impact. Beggars cant be choosers though :)
The last time TL were buying back shares the price was up in the £4s. Lets get in to the £3s and see what happens.
Still on the train :) Hopefully the share buy back can push this over £3 and maybe on to £4. fingers crossed. gla
From the 5th sep
Canaccord Genuity initiated coverage of Trainline with a 'buy' rating and 371p price target as it argued it's potentially a 10-15% organic growth business and said the valuation is "very low valuation for such a high-growth and quality platform player".
It said Trainline is a high-growth platform business that it believes investors have largely forgotten about.
"The risks around macro factors, regulation and competition are limited, in our view.
"We believe Trainline is now about to see a re-acceleration in growth to a compound 10-15% per annum., with increasing margins and a potential cash return story developing."
The broker said that trading on a FY24E EV/EBITDA ratio of circa 11x and c.6% free cash flow yield, it expects a re-rating to occur.
"At the current valuation, the UK SaaS and International B2C businesses appear to be included for free," it said.
A great RNS and countless positive media releases. We are one of the top daily rises in the market and getting excellent exposure to PIs for a bright future with circa 20% annual up tick year on year for the foreseeable future 👍
What's not to like 💁🏼♂️
It ought to stop the share price dropping below a certain level, because the company will hoover up any spare shares under that level. But what that level is I don't know.
I'm chuffed !
Anymore insight into the share buy back? Should this boost the SP in future?
Looking at the update - i have to agree :)
Well done all, I for one am just in the green. Should have a lot higher to go IMHO. Results speak for themselves.
I've said it before, this is an extremely well run company.
I just can't believe it's still trading at these levels.
Considering the growth in revenue and profit is way up compared to when we were traded at around £5.00 this has got to be cheap at this price.
Onwards and upwards I would say.
Gla.
£3+ incoming very soon :)
The business appears to be better than ever - lots of headwinds in Europe and even UK doing well. Anecdotally, Europe seemed absolutely packed with tourists this summer, particularly Americans, which is obviously a market Trainline have been marketing themselves towards.
Interesting that they suggest 'inorganic growth' as a possibility. Have they ever suggested this before?
I can say I'm definitely glad. Let's go!
This business would appear to be flying.
Bet you’re glad you didn’t step now🤣🤣🙈
I'm now wishing I hadn't looked at TL today. They are going to deliver some presentations along with the half year results. Is that a good thing or are we expecting bad news?
I'm even at the moment and wondering about stepping off the train before tomorrow. Any thoughts?
You enjoy your brew, Mr Retirement, I cashed out today, hope all your targets are meet....atb
14th September as per RNS
Something is brewing UP nearly 5% or is someone just making a brew :)
When are the results due please?