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Looks like we finally got our close above 200p. I agree with both you and Bank of America about the sp going still further north. I think we will probably see BoA's price target passed by the end of February with the sp continuing on up until the final results are declared and divi paid. Momentum is now with the company, at last.
Looks like my 60p price target predicted on 14 September might be realised tomorrow. I sold the rest of my holding today because I think Trinity now risks going from under-valued to over-valued. Although the corner may have been turned revenue is still falling and the massive pension deficit still exists. That said, I would not be surprised if it went on to 70p or more, but the sp has now doubled in the last two months.
Thanks very much for sharing the info about squaremiledata - I've registered and it appears to be a very useful resource. I must confess that I sold half my holding in tni yesterday as I was getting a bit nervous given it's now almost doubled over the last two months...
Markit produce a quick guide, summarised on ft. It has stated shorting activity as medium for several weeks. Today, that fell to low, and trading activity was a lot higher today and last Friday. I'm not sure where to get the real time actual % on loan though, which would be useful if anyone else knows.
A lot of shorters closed today but I reckon there's still more to go in this price rise. This company is still seriously undervalued.
Well at this sort of price I'm not surprised the rumours keep coming back. And one day they might just come true. And what would be the take-out price? 80p? 90p? 100p? One day, there will be big money to be had here.
I think you are right, the pension deficit is the biggest cloud hanging over Trinity, but at the rate the company is currently generating cash that could be reduced to a negligible level within 3 years or so, and if the general economic recovery comes sooner and stock markets continue to rise, that will help a lot as well. I like the fact that the company owns a lot of freehold assets to support the market valuation and as the new digital initiatives take hold it really could be the races quite soon. And sentiment seems to be increasing that the dividend will be paid again next year.
Donantonio, looks like Trinity has finally broken through its recent trading range. Not so long ago my analysis led me to believe that the company was drastically undervalued below 50p given evidence of the turnaround in progress, with year-on-year profit substantially higher. I have a 30-day price target of 55p-60p. What the wider market does will obviously have an influence too.
A merger in the regional newspaper business could make good sense for Trinity if the valuations of each company are right - but frankly, right now TNI's sp should be above 50p - but cost savings might be possible and more importantly a merger would allow nationwide advertising. Fox should not get distracted too much by print operations however; the long term future of the company lies in digital operations. We need to see progress in digital versions of papers and at operations like Happli, and reintroduction of a dividend in 2014 at the latest. Then we might see TNI's sp above 100p again. Between September and November last year, Trinity's sp went from 39p to 54.5p. Lets hope for a repeat performance this year. GL all.
The results were thankfully better than expected. The well-covered dividend currently stands at 3.5% and despite tough trading conditions full year-on-year profit is forecast to be higher. This could be back above 200p within a couple of months and in 6 months time should be revisiting the year high of 256p.
Last year, between September and November, Trinity's share price increased from 39p to 54.5p. Last year, Trinity's profit trajectory was downward, this year it is upward, so any similar share price trend this year could see the sp increasing above 60p - that's a 50% profit at today's share price. This company owns lots of freehold assets and is paying down debt quickly. The holding management seem to have a grip on things. The next big increase in sp could come when Sly's replacement is announced, if the city is impressed.
It really depends what your investment criteria are. TNI's share price tends to move rapidly, both up and down, as has been demonstrated over the last few trading days. Last week's interim results were more positive than expected and several brokers have upgraded the stock. I would hope that we revisit the year high if 54p later this year, but please don't hold me to this. To me, with a ridiculous P/E ratio of just 1.29 the risks seem to be fully priced in. I am continuing to hold and will even top up if the price falls below 40p but please do not interpret this as a recommendation to you. Do your own research before buying.
This is a convincing increase after the big increase last Thursday. Buys strongly outnumbered sales as investors have realised that the turnaround has begun. We should soon be revisiting the year high of 54p, achieved at the end of last year.
This will be over 50p very soon. It's not too late to buy. Get on board for the full recovery. GL all.
Here she goes. Looks like we're going to have another good week. GL all.
Back in June I thought this company was due a re-rating. Last week's interim update was very positive and given that the company is asset rich and reducing debt rapidly, Panmure's 90p price target might be achieved by the year end. Trinity is making good progress with its new income streams and is undoubtedly one of the strongest media stocks around. With new management and appropriate strategies along with an improving economy going forward this could be just the time to bag a tripler. A new upward trend should now begin and we should be above 40p this week and hopefully above 50p by the end of August.
Getting rid of Sly early was a good idea imo because although she walked with a generous payout at least she will not be eligble for any bonuses next year. Very slowly this company looks like it is turning itself around. At least the market seems to think so - the share price has gone up or held steady on eight of the last ten trading days. Lets not forget that tni was trading at 53p just four months ago.
That's imaginative coming out with a price target of 25p when the share price has been around 25p for the last three weeks. But brokers always seem to get it wrong nowadays. Several analysts have commented recently that Trinity is probably the best potential media stock at the moment. Once there's a sniff of a turnaround, i.e. a like-for-like revenue increase, the share price could near double overnight. For medium term investors it is worth getting in now. The ridiculously low market capitalisation of only £66m could even attract potential bidders. Broken up, this company might be worth 70p or even 80p.
The fact that (ex)-editors may be planning a takeover indicates that Trinity is now oversold. The continued streamlining and cost-cutting along with the new online initiatives are likely to lead to a turnaround within the next 24 months or so. Trinity owns considerable assets and if it were broken up it could maybe realise three times the current market valuation. Now could be the time to get in/top up.
IMO, TNI has been way oversold recently. Let's hope today is the start of a rebound. This really should be above 50p, where it was in February. It is madness that the sp is only 32p when EPS is 27p !!! The market cap is only twice last year's debt repayment and 1 x operating profit. There's 15% of market cap in the bank. The reduced pension contributions going forward mean that debt can be substantially reduced over the next 3 years. £15m structural cost savings are planned this year. Financing is guaranteed until 2015 by which time debt levels could be negligible. The new online initiatives and further cost cutting could see operating profit improve over the next 1-2 years. This stock is way overdue for a rerating and I expect to see 50p again by the autumn.