Trainline plc issued a trading update for the FY to 28th February 2022 last week. Group net ticket sales were £2.5 billion, within the previously guided range of £2.4-£2.8 billion despite the impact of Omicron in Q4. This was back to 68% of FY20 levels, with incremental quarterly improvement through the year. Group revenues were up to £189m, adjusted EBITDA for FY2022 is expected to be around the top end of the previously guided range of £35-40 million. Clearly the business is rebounding from COVID lockdowns but will need at least another year to return to pre-COVID revenue levels. The top line was growing consistently before the Pandemic, but the business had not yet moved into profitability. Valuation also remains stretched, PS ratio nearly 9. There is no reason to buy just yet, but TRN looks to be a company worth knowing about in the longer run....
...from WealthOracleAM |
Large buying volume with £.6m worth of buying on top of 10 point rise. Long recovery in share price looks like has some momentum after weeks of falls |
What's clear in the rail industry is that demand is recovering quickly and already back to pre covid levels in leisure travel. Commuting is also coming back strongly but even if not at the 5 times a week level the levels are good. So I would take issue with the UBS update as leisure travel is expected to fill the gap of less commuting. TRN is already taking over 30% of ticket sales so already in pole position. This stock looks over sold along with many other stocks at the moment but good fundamentals. |
everything is silly low, this included |
Anyone buying?? Getting silly low here |
I also think that Trainline has established itself as the largest player in the UK market. Expansion into Europe is interesting as the market deregulates, I would like to see Trainline move more quickly before another player captures this market.
The challenge is the tech mini correction .. any tech company with promise and no profits is getting hammered ... including Trainline. |
I would not hold our breath on that happening anytime soon.... Will be late and cost more than budgeted for as with most IT govt procurement. Revenue should start to pick up a lot more with restrictions lifted and further digital shift seen during the pandemic will benefit Trainline. Good value IMO and worth holding our nerve! |
Agree. I am not sure if I should top up or dump.
Also, the announcement last year that the UK gov will launch Great British Railways ticket website has not helped. |
all time low this morning. makes absolutely no sense. a reflection on how many distressed sellers are out there |
When is the update here?? |
Choo choo!
Are we trending....intraday trending? Up 4% at 253p
It looks like it is playing out, but under no illusions here. I know what I am in here. This could end up halving from here so just playing the technical bounce.
The usual lob into the spike routine on its way, watching the book here and elsewhere....time those loo breaks!
Watch the US:
IWM in the US looks to have broken support. Their charts are looking precarious. We could get a follow through here if they don't step in and start buying now and at least having a period of stabilisation. They're selling into the strength notably more over there, which is causing the indices to look more edgy.
ARK keeps getting hammered. That looks like a big capitulation move is on its way.
Maneuvering carefully!
All imo
DYOR |
Don't think they have ever made profit.... |
Do they pay any sort of divi? |
Chart looks terrible.
Double bottom at 200?? |
yes , chart suggests it is heading to 200 level . I notice it is loss making and high debt/equity ratio. |
Support broken. Heading to £2 and lower. Who knows where the bottom will be? 50p? |
Anyone tempted to buy?? Thought on the company..Results read well to me |
Back in for the ride @2.88 |
Don't think current fall is attributable to that, high growth plays like trst, grow, sfor and many others all collapsing. Will be interesting to see where this goes as seems highly regarded by some growth funds and had some momentum until recently. |
Have a look at the latest passenger data released last week
They show usage remains considerably lower than before the pandemic with the 182 million journeys this quarter equating to 41.6% of the 437 million journeys made in the same quarter two years ago (2019-20 Q1). It seems like there is still a long way to go for these passenger numbers to recover. |
Guys, this company is heavily in debt, with no profit likely in the next three years. Plus government legislation is likely to take market share away from it. Ideal shorting candidate! Watch it full further! |
Yes thought market was falling back in love with trainline but here we are at 328p today. |
Getting ready for another assault at 400.... |
Disappointing market response to a great update.
Hoping to see a bounce above 400 at some stage. |
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