Member Info for Sisyphus

One sniff of capitulation and this will jump 15-20% ..... and as MB agrees.......we are close...

The pessimism here is at its peak...Spring is coming and train travel is the way forward with big upswing in bookings and passenger numbers expected here and across Europe. Trainline has the speed, stickiness and capacity to benefit and as the strikes here end with an eventual settlement it will be full steam ahead. The end of the tunnel is in view.

In a time where high yields are still associated with higher risk it's good to see an incentivised seasoned set of professional fund managers steering a steady course post Covid. Solid and well worth getting on board in the troughs between the escalating waves imo.

AUM must be increasing significantly over the last quarter from Dec 31st level plus cash inflows should be comfortably rising. Solid. Topped up at this level for the next step on this upward staircase after this small consolidation.

The latest rejection will escalate the Goverments desire to resolve and the unions will eventually capitulate. It is clear that this outdate form of national blackmail is untenable and the longer it goes on the more the members will lose. Crazy but Trainline will ultimately be a major beneficiary of any change. I suspect it will resolve soon as the financial pressure on union members become greater and greater causing mad Mick to grudgingly capitulate.....I did my best comrades..
Solid share on infrastructure once resolved.

There's only so much caution you can afford a share who's prospects are as bright as this infrastructure geared play. Yes there are train strikes, yes the government is frantically trying to coalesce all operator prices and drop return tickets.....but.....given the total incompetence of any government department to come up with a competent workable solution this just plays into the hands of slick, smooth systems like Trainline. It gets 4.9 out of 5 on all consumer review sites and virtually everyone has the TRN app on their phone. It's poised to spring back with a vengeance as the strikes end and the rail travel season begins in earnest both here and more importantly across the EU where trainline is increasing its footprint by the month. Solid.

Today's AGM should provide welcome insight into current progress, strategy and outlook here at PMI. Solid.

Once the rail workers capitulate this will rerate. As Trainline themselves succinctly put it,
Trainline has competitive strengths and structural tailwinds that position the business for significant long-term growth.

Ditto. I've just picked up more. This week should be the nadir as all strikes coincide. The pressure for a settlement as workers earnings are eroded by strikes will be getting intense. I expect capitulation en-masse of all striking groups in the near term which will cause immediate rerate here. Solid albeit vulnerable to opportunist bid at this level. Directly related to infrastructure so short term swings are no great problem. The bigger picture is sound.

I'm in. This is just too good an opportunity to miss at this level and stage of the game. The train strikes will soon end as union members realise that it's costing them more and more to continue than to settle. Trainline will consequently rebound strongly. The increasing presence and use of TRN in Europe lends it to significant upgrades as the holiday season ramps up and cash comes in from an increasing band of savvy app users. The only way is up, especially if the government jump on board and accept it's platform nationally. Thanks to the nice bounce from my purchase of ITV at 57p this has given me the perfect timing to step off one escalator at the top and join another at the bottom. Solid.

I tend to agree that March progress is not a foregone conclusion, hence the cautious approach to SP given by Betenberg and Barclays who's targets are both trailing the current price. McCall has carefully included 'additional content investment, studio EBITDA margin under pressure, half year non content investment of £20m into ITVX, redemption of €335 Eurobond, increased H&S costs and inflation in studios...plus numerous references to being mindful of macroeconomic and geopolitical uncertainty'.
I am comfortable holding a reduced holding here but I am ALSO mindful of the complete hash that the BoD made of last year's annual results. Let's all hope that these cautionary notes are not a prelude to the same faux pad.

This should now comfortably head swiftly towards £1.50 before reconsolidating and revisiting £2.00 as market conditions favour the broad PMI exposure to risk.

Buying pressure is increasing nicely in anticipation of more positive news at the investor presentation on Feb 1st. The market and outlook is now clearly playing into the strengths of PMI management skills. It should see an escalating level of AuM as investors chase return on capital versus inflation.

Not concerned on this slight retrace, have increased holding. There are 3 clear trigger points due end Jan, Feb and March if you read the RNS, each of which should regain momentum. This should reverse quickly.

I'm in ....... having monitored and DMOR. The three potential bidders reignited my watch list. When the bidders dropped one by one my research into underlying value was immediately vindicated by a) management statement regarding their valuation being much higher and b) the subsequent drill results on Nov 17th. None of the parties would have had prior knowledge of the RNS that stated..."The results that we have announced this morning are some of the best that we have delivered to the market this year.

We have encountered bonanza-grade gold intercepts at Isulu including grades of 721 g/t, 210 g/t, 172 g/t, and 93 g/t which are within 100-200 metres vertical distance of surface, in 4 different intersections across the 7 drilled holes". That was the game changer for me. I expect a major player to enter the arena within the next couple of months given that the next trigger is imminent ie first gold pour at Singida. Solid and very undervalued with unhedged gold price exposure.

It's the combination of factors that is provoking caution. The increase in streaming is very good but not exceptional given that Matt Han**** was driving I'm a Celeb and a lot of hype pre-launch was in place. As I said earlier I am waiting to see churn rate in Jan And Feb....that is key. Retention is everything for advertiser loyalty. Increased overheads were highlighted in the last t/u for studios plus the erosion from all the strikes in getting staff around. I was looking for a barometer of current UK advertising spend and the last RNS from Reach certainly indicated tightening budgets. I like ITV's AI led ad service and it could be the key to advertiser engagement but it's all back to viewer satisfaction and churn. I had expected to see a doubling in streaming over Hub given the high profile programmes in Dec.

Good start but must admit I expected greater initial interest in ITVX given the up front priming. It's the all important churn rate that I want to see before bringing my holding back to its previous level. The effect of overheads and strikes will be having an derisive effect on productions so churn rate in media is vital to the next step which is highlighted by recent analyst research and broker stance. The next quarter is pivotal for me.

Looks like start of big reversal from lows as investors seek broad-based products and look to asset managers with good growth platforms. Solid.

Hmm.....I'll buy in here as soon as the shockwave passes through the FTSE 100..... I still think we'll revisit 6375 before this year is out....just a gut feeling but one that's served me well many times. Hope I'm wrong but history suggests otherwise.

I'd love to think ITV will be resilient to the big shockwave that I think is imminent to markets in general.....just a gut feeling, but one I can't ignore.