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TNI Trinity Mirror

85.70
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trinity Mirror LSE:TNI London Ordinary Share GB0009039941 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 85.70 85.00 86.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trinity Mirror Share Discussion Threads

Showing 6501 to 6519 of 7575 messages
Chat Pages: Latest  267  266  265  264  263  262  261  260  259  258  257  256  Older
DateSubjectAuthorDiscuss
27/6/2016
09:08
Newspaper ad revenues are already being hit by Brexit. Am not looking forward to the company's next statement.
harry_david
06/5/2016
13:58
Harry,so was I, very positive AGM I thought. They are very aware that there is a large seller but are concentrating on running the business.
gfrae
05/5/2016
20:26
I was at the agm, definitely doing better than indicated in Feb. Now forecasting profit in line expectations as before, but after writing off all costs of New Day.
Other takeaway was growth in online display advertising but stable development costs. This is a key sign in technology, it is breakout time when profit margins start to gallop.

harry_david
05/5/2016
10:06
Good news all round including the swift closure of the New Day. Cash flow, online revenue and uniques, plus some recovery in print April. Definitely cheap at present, now we need the spark to get them back to £2.
harry_david
04/5/2016
22:09
New Day to close according to Sky, RNS expected tomorrow.
funkmasterp12
27/4/2016
12:40
Have just had a refresher on the ABCs online figures for March.

Trinity is steadily growing its status as the advancing online group.

The figures below show the Mail and the Guardian have the highest totals but they both get half their numbers in the States and another 20% or so in Australia etc. The Trinity numbers, especially the Regional sites are heavily weighted to the UK which is where the ad revenue is concentrated.

Mail 236 million monthly uniques.
Guardian 155 million
Telegraph 88 million

Mirror 88 million
Trinity Regionals 36 million
Trinity Group 121 million

harry_david
27/4/2016
10:39
Gfrae, I completely agree with you, there is or are a big seller(s) forcing the price down. If it is deliberate it will not work, creating a false market never does, the price eventually bounces back and usually to a higher point than it deserves.
The fundamentals do seem to be improving, newspaper advertising has seen some recovery in April/May and the synergy from Local World is much higher than originally forecast, surprise, surprise!
What I really like is the progress online, the regional sites are now serious players, Manchester Evening News is now bigger than some of the Nationals.

harry_david
27/4/2016
09:13
Not sure if it will make much difference, but I see that the Scum has shot itself in the foot this morning, by ignoring the Hillsborough verdict on their front page.
kazoom
25/4/2016
19:18
Yes CJohn I was quoting the figure net of tax credit.

Gross deficit 305.2, net 250.2.

Agreed the pension position is primarily a cash drain in the near term.

I actually though quite like (non-threatening) pension deficits, so long as they are "reflected in the SP". Much as it could well still be a LONG wait, at some point this period of ultra-low interest rates will pass and those theoretical deficits will erode.

Meanwhile, if today's further price weakness relates to the Private Eye article (not seen it) then that seems to me to be close to the "blood on the streets" scenario : So I've dripped in with a small increase in my position.

kazoom
25/4/2016
10:24
I see advertising figures are picking up, the numbers for January in particular are never a good read for the new year. They vary enormously depending on January Sale activity.
harry_david
25/4/2016
09:04
Hi Kazoom,

I'm assuming the pension déficit figure you quote of 250m is net of deferred tax. I've got a raw figure for the déficit of just over 300m.

The pension issue for me is principally one of a drain on cash.

Likewise,I've never thought that the hacking issue wuld sink TNI. The sums aren't nearly big enough. (And if they did swell seriously, I'd have thought TNI could raise debt against their property as a last resort.)

cjohn
23/4/2016
22:46
Hi gfrae,

I'm a fan of Private Eye but think they've got a bit of a vendetta re the Mirror, think Piers Morgan and Ian Hislop.

ATB

extrader
23/4/2016
20:16
Private Eye article suggests that TNI's provisions of £41m is unlikely to be sufficient. Even so,this must already be in the price in spades.
gfrae
23/4/2016
10:00
I been in and out of this share for a number of years and in fact hold some which are under water at present out side my SIPP. But thinking of buying some for the SIPP given the div yield as some one already said which on next payment is 2.67% not as good as COB.
But does have a few down sides like hacking which could get worst pension but think that more under control then the New Day
Question is how long will it go but could buy into at around 100

mrthomas
23/4/2016
09:58
BUY tip in IC y'day fwiw
value viper
23/4/2016
08:36
You're quite right of course CJohn, the hacking provision does still have to be paid out of cash, even though it is already in the P&L. Given TNI's cashflow though it is not the sword hanging over their head that Greenslade implied (in my reading anyway).

It does though mean that when I quoted the Enterprise Value of TNI a few days ago as £710m, I should also have included the £37m (as I understand the figure) provision as I don't believe it is included in the net debt figure.

Perversely though with the recent shareprice fall, the restated EV is now : £712m!

Market Cap : £325m
Net Debt : £100m
Pension Deficit : £250m
Hacking Provision : £37m

kazoom
22/4/2016
16:38
Idiots have been posting on the old thread.

thomasthetank1
22 Apr'16 - 13:18 - 5164 of 5165 0 1

Read Panmure Gordon & Co's note on TRINITY MIRROR, out this morning, by visiting
"Our timing on adding Trinity to the conviction list has been poor, with the original thesis for including it (the Local World deal and scope for further consolidation in UK print) overpowered by poor newsflow on ad trends, hacking outflows, and the launch of New Day... Nevertheless, this still implies over 50% upside from current levels, enough for us to keep the stock on the list and look for a decent recovery in the price from here. We see potential catalysts for this in consolidation activity (higher savings from LW, further deals), New Day (improving or closing), pensions (if TNI can ‘do a JPR’), or advertising (if current trends alleviate, particularly following a Brexit ‘stay’ vote)..."

spob
22 Apr'16 - 13:49 - 5165 of 5165 0 0

freddie ferret
22/4/2016
12:18
Read Panmure Gordon & Co's note on TRINITY MIRROR, out this morning, by visiting hxxps://www.research-tree.com/company/GB0009039941
"Our timing on adding Trinity to the conviction list has been poor, with the original thesis for including it (the Local World deal and scope for further consolidation in UK print) overpowered by poor newsflow on ad trends, hacking outflows, and the launch of New Day... Nevertheless, this still implies over 50% upside from current levels, enough for us to keep the stock on the list and look for a decent recovery in the price from here. We see potential catalysts for this in consolidation activity (higher savings from LW, further deals), New Day (improving or closing), pensions (if TNI can ‘do a JPR’), or advertising (if current trends alleviate, particularly following a Brexit ‘stay’ vote)..."

thomasthetank1
22/4/2016
10:59
Hi Kazoom, they will have to fund provisions made from cash!!


Greenslade has no understanding of economics and makes no effort. A sloppy article like previous ones on TNI. And the guy's a profesor.

cjohn
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