Trainline Share Discussion Threads

[monty burns] 28/7/2004 10:16

I saw the post, but it doesn't refer to the newspaper snippet of rumours...

It was Nick Levene who made a purchase, adding to his previous holding. He is an ex-director, still with a (now more) substantial shareholding.

The current (executive) chairman, David Hagan, holds 11% odd - one of the reasons I like the share as an investment is that as the main man has so much of his personal wealth tied up in it, he is unlikely to take actions to destroy that value - unlike many other career directors, who are quite happy to make a complete balls-up knowing that they will be paid off.

The two trades were just another example of the regular rollover trades (one buy and one sell of the same quantity) that have been occuring over the last year or more in these - not obvious who is doing it, and there seems to be little impact on the share price as a consequence. Still, somebody with money to spare thinks they're worth plugging away with, at a not inconsiderable cost, so that's a positive.

Nittan do indeed own 29%. Nick Leven holds 13.3%, David Hagan owns 10.5%. Don't know about the rest.

Re takeover, unfortunately, he also made a similar comment in the previous results, so it may not follow that there will be activity - but I suppose he is now getting more blatant in his 'we want to be bought' flag waving, so maybe we will....


Anyway, let's see what develops.

[azalea] 27/7/2004 22:32

Monty

Read my 1014 post.

[monty burns] 27/7/2004 16:17

I wish somebody had mentioned that snippet a couple of weeks ago - I disposed of 125k of these over last couple of weeks, and invested the proceeds in banking shares which have promptly plunged. Basically having built up a stake of 361k and held for over 18 months watched them go up, go down, go up, go down, got bored and thought the banks looked cheap...Aaaargh.

So now still holding 216k and in the strange position of being narked about them going up. Feels odd.

[loafofbread] 27/7/2004 12:48

There was a small snippet in one of the papers about a fortnight ago along the lines of TRN held firm despite rumours of outside interest.
I have to agree that volume has increased recently with most of it on the buy side. Lots of smallish 25,000/40,000 etc.
I,ve held for a while now in the belief that it is way undervalued.
Maybe something IS on the radar this time.
MBO rather than TOver as Dir and the Japs hold 45% between them.

[darryll] 27/7/2004 11:23

another buyer today ....

[azalea] 21/7/2004 13:46

1m x2 'buys' (after hours) yesterday. Definitely getting interesting.

[darryll] 19/7/2004 20:25

Just bought in today ..look interesting ..and undervalued ....

[azalea] 11/7/2004 18:10

The continued volatility in the currency mkts should be good for TRN.

[soysoy] 11/6/2004 15:43

any idea what the rise is about

[soysoy] 20/5/2004 21:03

Integrated Asset Management (IAM)
Sector: Speciality & Other Finance

Overview News/Tips Fundamentals Forecasts Dealings Boards Prices Charting Links




RECENT DIRECTOR TRADES

Traded Action Notifier Price Amount

06 May 2004 Buy N D Levene 65.00p 25,000


MAJOR SHAREHOLDERS

Notifier Holding

Norman Epstein 575,455

N D Levene 575,000

Emanuel Arbib 442,786

Ian Martin 425,000

John Booth 400,000






Note 1: Prices are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.
Note 2: Broker estimates sourced from JCF Group [phone] [e-mail]. JCF Group calculates consensus using only those estimates changed or actively validated within the last 75 days.
Note 3: RiskGrade figures are provided by RiskMetrics.





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[soysoy] 20/5/2004 20:57

Trio Holdings, the money broker, lost a further ½p at 24¼p, despite the declaration that Nicholas Levene, who ran its equity derivatives operation for eight years until 2001, has picked up a further 1.1 million shares, taking his stake to 13.32 per cent. Mr Levene is now a director at the AIM-listed Integrated Asset Management and vice-chairman of Leyton Orient Football Club.

[soysoy] 18/5/2004 14:01

i bought some today about 3150
there alot of sells but the price has not fallen that much

[master rsi] 18/5/2004 09:18

MR N D A LEVENE increasing his stake on the company.........

18 May 2004

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) NAME OF COMPANY

TRIO HOLDINGS PLC
2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST
MR N D A LEVENE

BENEFICIAL

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them.

MR N D A LEVENE

5) Number of shares/amount of stock acquired.

1,100,000

6) Percentage of issued Class

1.32%

(10) Date of transaction
17.05.04
11) Date company informed
17.05.04
12) Total holding following this notification
11,120,000
13) Total percentage holding of issued class following this notification
13.32%
14) Any additional information
25.68P

[davron8] 11/5/2004 18:46

VeryMaryHinge, You are of course right re repeat of sector consolidation. I have held for three years and continue to expect an offer. If not, still happy to hold as I believe that this stock will improve in value.

[verymaryhinge] 04/5/2004 21:47

Davron - he's been saying it for the last few years.. The 4 sale sign is hung out over this stock.

vmh

[davron8] 04/5/2004 21:45

Master, a very reasonable summary. I did find the Chairmans ref to consolidation in sector interesting, almost as if he is expecting an offer for company.

[verymaryhinge] 04/5/2004 21:43

so, Fred, who's been buying them, then ?

I THINK I know..

vmh

[ydderf] 04/5/2004 19:37

so what's the p/e?

[master rsi] 04/5/2004 19:22

Ignoring muppet No.1 " ydderF "

Here is how I see the results:

Not much different from last Year's.
Pretax, EPS and divi

Share price drop ? no surprise as not real good news,
pluss Indicators at oversold at the chart.

Reasons for the poor resulst:
The 'money market' thrives on volatility in exchange rates,
and the last 6 months, was hardly any.

The revenue is calculated on $ and those were adverse effect
due to their weakness lately.

Some preliminary expenditure of approximately #60,000
was incurred with a view to the establishment of a small
satellite broking office in Switzerland.


Positive
Company still with £10.29 million cash

Kept the interim dividend at 0.25p per share

And the net cash inflow was positive

[ydderf] 04/5/2004 08:09

have any of you muppets worked out the p/e based on today's numbers? a deffo sello!