Member Info for spot1034

Worth putting on record here that having recently initiated coverage with a 200p target, following the upbeat IMS Liberum Capital have now raised it to 260p.

I really don't think this will 'massively disrupt' the share price which is already very low, and the hacking scandal is almost certainly one of the reasons for that. If anything, yesterday's RNS made clear that compared to News International who are in it up to their necks, TNI's alleged misdemeanours are modest by comparison. It still may all come to nothing, but even if the company has to pay substantial penalties this is a business which is generating huge amounts of cash and will in the fairly near future be debt free and able to return significant value to shareholders. Unless there's a huge amount we don't know anything about at the moment, all the bad news is likely to be already in the price and there might be much good news to come about the company's future prospects - starting perhaps as early as next week with the IMS. Liberum Capital recently initiated coverage with a 200p price target.

Some big director purchases today, showing that they have confidence in the company's future and believe the shares have further to go.

It was priced as if it was going bust . It's now pretty clear it isn't, and the rise since last summer has reflected this. The debt is being paid off very comfortably out of normal cashflow, and once that is done there is scope to pay a very decent dividend. Newspapers are still read in large numbers, despite the obvious decline from the pre-internet era and there is still money to be made from them. TNI also owns a lot of property in attractive locations which hasn't been revalued for years. A p/e of 3 really isn't doing justice to what is there, and that's before you look at what might be achievable from newer digital businesess going forward which they were admittedly slow to get to grips with, but the new management seem to be heading in the right direction now.

Completely unjustified fall and now ludicrously cheap. On the divi, I agree it would have been nice to get something, but it's an awkward situation as they have an agreement to match any dividend payment with a similar contribution to the pension scheme, so whatever they paid to shareholders would have cost them double. The sooner they can get the debt cleared the sooner this company can become a real cash cow, with the potential to be a very attractive income stock. The pension deficit should reduce over time anyway as markets improve generally. It's all a question of priorities. TNI is a stock which can go down very rapidly (as we have seen!) but the reverse is also the case and a few positive comments about the value here could send this flying back up.

Indeed - absolutely ridiculous to knock £65m off the value of the company, especially when the results this morning were upbeat and showed that the new management team are getting to grips with the task of realising the company's potential. With regard to the arrests today, it is still possible that no one will be found guilty of anything, but even if they are the company is generating loads of cash and if it has to pay a financial penalty it'll just mean a delay in clearing the debt - unfortunate but hardly a justification for knocking a fifth off the company's already very cheap valuation.

It must surely be just a matter of time before the company is sold, hopefully for a much higher price than today's.

You need to be sure what the ex-dividend date and record dates are - they will usually be two days apart. I'm not sure the announcement last week is entirely clear but in all honest I haven't had a chance to go through it all so the detail might be there. However, in theory, yes you can buy just before the share goes XD and then sell immediately after and get the dividend, but all other things being equal the share should drop by the amount of the dividend. It doesn't always happen excatly like that with thinly traded shares like this, and don't ignore the bid/offer spread which can be very wide at times.

Sorry I should really have said the prospect of a special dividend, not promise - nothing is definite until it is announced! In the trading statement they gave a figure of 'not less than £15million' and £15m equates to roughly 34p per share. I assume there would be a normal final dividend as well.

It takes so little to move this share so difficult to say for sure - might just be the coincidence of a handful of small buys on the same morning! However, results must be pretty imminent (16 Feb last year) and there's the promise of a huge special dividend, so maybe it's anticipation of that.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20498635

In 2009, these shares rose from 25p to over 175p in about six months. The company was in much less impressive shape at that time than it is now. Debt is much lower and being reduced rapidly. and we have new management with share based incentives as opposed to mega salaries. No one expects a stellar rating, but the shares are still dirt cheap if they can start to turn the company round.

A 3p dividend with the SP at 40p would represent a yield of 7.5% - and they say that's what they expect as a minimum!

Unless i've misunderstood anything, you will be left with 100 shares and the remaining 98 will be sold in the market and you will receive a payment for the full amount - no charges deducted. For those with larger holdings it is probably neither here nor there, but for you, your holding will effectively be halved, albeit with full compensation. The only thing you can do if you wish to maintain your existing holding is buy back in the market, which will obviously involve charges, but maybe you will be able to take advantage of a dip and effectively get your original position back without any loss - maybe even inprove it slightly. On the other hand, you might be happy to get half your investment out in this way. They are obviously trying to get rid of a large number of very small holdings, but your case is just about the most extreme example possible of why the statement '(from the final results) The shareholdings of those shareholders holding 100 or more ordinary shares will not be materially affected' is not necessarily accurate.

I should point out that I bailed a few weeks ago, but I would suggest that 1p a share was neither here nor there to those shareholders who were pretty confident of getting 135p for their shares not much more than a year ago, until that idiot Cuthbert sent two - possibly three - bidders packing and then had the nerve to say that in the end, shareholders would be grateful to them for taking this action. Well, this is the end and is there any reason for shareholders to be grateful? I think not, and I can only express the hope that Cuthbert, Lerenius & co held on to their shares and are now in the same boat as the rest of the shareholders. They are lucky not to be behind bars.

I'm wondering if one of the larger groups might see the weakness in the SP as a chance to launch a bid. Yesterday's warning was more about timing than any fundamental problem, and there is clearly scope for significant improvement when the economy finally picks up - which it will eventually, even if we don't know exactly when! Bigger players already trade on much higher ratings than the likes of ITQ so an acquisition like this could easily be earnings enhancing. Maybe the uncertainly over the claim against CCL might be a negative factor, but otherwise I'd say it is vulnerable at present levels.

It's been a long time coming, but good to see at last.

They've now gone xd without the share price seeming to be being affected, which is good. I wonder what these might be worth to one of the bigger players - a lot more than the current share price I'd think.

I confess I have difficulty undertsanding the technicalities, but the RNS refers to the recent creation and subsequent cancellation of B and C shares which were never traded and whose only purpose was to facilitate a restructuring so as to make it possible to pay dividends. It's really a non-event for ordinary shareholders but will hopefully lead to the payment of our first dividend, and with interims due very soon and with the company having had plenty of money to spend on buybacks in recent months, we may not have long to wait.

hopefully with the interims due later this month or August. Could well be the catalyst for a re-rating.