Trainline Share Discussion Threads

[nielsc] 29/11/2004 13:37

Results tomorrow. From TRN

==============================================================
Hi Niels,

Final results will be published at 7am tomorrow morning, November 30th
2004.

Regards,

obo Martin Brokers (UK) PLC
==============================================================

Cheers,
Niels

[davron8] 28/11/2004 16:58

Maybe we will get a bigger divi this time if they have had a decent trading period.

[macduck] 12/11/2004 20:27

Why doesn't mgmt pay a large spec div if they can't find a use for their cash hoard?They have had ample time to spend it.

[soysoy] 28/10/2004 17:15

MIGHT BUY AT 24P AGAIN

[davron8] 07/10/2004 20:21

very quiet thread. I expect the interest will pick up as we approach the end of Novemebr for the final results. For the last year I half expected a bid for Trio but we still own it. Lets hope all the Trio investments/ reorganisation in the last two years produce good results.

[soysoy] 04/10/2004 16:57

MIGHT BUY AGAIN AT 23.5P

[soysoy] 08/9/2004 19:42

rise today

[azalea] 03/9/2004 23:00

No, this is merely what the document says - the acquisition of a substantial amount of shares. Whether the purchase might be the prelude to a take over bid by someone, is another question.

[soysoy] 03/9/2004 20:20

IS THIS TAKEOVER OFFER

[soysoy] 03/9/2004 20:19

Nicholas David Andrew LEVENE - SAR - TRIO HOLDINGS PLC
•Website •Fundamentals •Share Price



FORM SAR 3

Lodge with an RIS and Newstrack, if appropriate, and the Takeover Panel. A copy
must also be sent to the company the shares of which are acquired.

Date of disclosure: 3rd September 2004

DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
SHARES ("SARs")

Date of acquisition: 2nd September 2004

Acquisition in TRIO HOLDINGS PLC (name of company)

(1) Class of voting shares Number of shares/rights If rights over shares
(eg ordinary shares): over shares acquired: acquired, as opposed to
the shares themselves,
ORD Shares: 1,150,000 specify nature of
rights:
Rights:

(2) Resultant total Resultant total holding of Total percentage:
holding of voting shares rights over shares (and %
(and % of total voting of total voting shares in 15.48% (%)
shares in issue): issue):

15.48 (%) (%)

(3) Party making disclosure:

NICHOLAS DAVID ANDREW LEVENE

(4) (a) Name of person acquiring shares or rights over shares and, if
different, beneficial owner:

(b) Names of any other persons acting by agreement or understanding (see SAR
5):

Signed, for and on behalf of the party named in (3) above:

(Also print name of signatory):

Nicholas D.A. Levene

[soysoy] 02/9/2004 23:05

mr levenne bought into awscamp today aswell

[monty burns] 02/9/2004 19:43

Interesting, but a bit annoying - I sold my last 84k in these today, presumably to Mr Levene allowing him to complete his trade, who seems keen to buy yet more. A few posts further up I wrote why I thought these were not such great value on current trading, but the Levene thing complicates matters.

Ah well, made a good profit, hope it works out well for current holders, I'll be back at a lower price, but not chasing it up at this price.

[azalea] 02/9/2004 19:36

soysoy

I have lost more money than I care to recall by waiting for a share price to fall back in just such situations. If Mr Levene is prepared to pay 27.5p for 1,15m today, then who am I to argue. What is also attractive if not surprising, is the narrow spread. Ordinarily, I am into oil and gold, but simply could not ignore this developing scenario.

[soysoy] 02/9/2004 17:34

welldone azalea but i want it to come down

[azalea] 02/9/2004 14:33

Things are hotting up at TRN. Mr Levene's latest upping of his stake by 1,150,000, cannot be ignored. Either he knows that trading is that much better and/or he believes that 'things' are coming to a head. For myself, I am a great believer in following the money and in keeping with that philosophy have just bought a modest 6k (emptying my piggy bank- once again).

[bigfarmer] 31/8/2004 15:21

500k and 490k trades this morning. Both at 27.5p. Same shares? Who knows...

[sammu] 25/8/2004 17:43

Seems Soysoy was correct.

He's been topping up, on the 9th! a while ago, and the 19th,- I guess the 350K highlighted by Bigfarmer.

Sam

[bigfarmer] 19/8/2004 13:00

Couple of whoppers today 200k and 350k, both showing at 27.5p

[soysoy] 18/8/2004 11:36

sold today only 50 quid proft
it seems bounce along23 to 28p
might buy again at 23p

[nielsc] 18/8/2004 09:19

soysoy,

If any of the directors had been topping up the buys would have been reported. For the ex-director I think his buys would also have been reported as he holds over 7%(I think this is the percentage over which buys/sells are reported) of the company.

Monty,
Maybe there is a big buy in the wings and the mm are try to fulfil the order?

The changing interest rates both here and the states are good for TRN as they get more business/margin in a fluctuating environment. Don't know exactly why. Maybe somebody can enligten me!

Hanging on for the timebeing. Finals are at the end of November.

Cheers,
Niels

[soysoy] 17/8/2004 18:36

MAY BE HE IS TOPPING UP
BEEN RISSING ON POOR VOLUME

[soysoy] 17/8/2004 18:35

RNS Number:7819Y
Trio Holdings PLC
18 May 2004

SCHEDULE 10

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

3) Please state whether notification indicates that it is in respect of
holding of the Shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

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%

7) Number of shares/amount of stock disposed


8) Percentage of issued Class


9) Class of security

ORDINARY SHARES

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

15) Name of contact and telephone number for queries

J S THOMPSON
020 7469 9100

16) Name and signature of authorised company official responsible for
making this notification

Date of Notification ..... 18 MAY 2004 ...................


END

[monty burns] 05/8/2004 11:41

Something might be up here - I have been selling these down for last few weeks now as the price has risen back up - into strength and all that. And still they're staying high.

Fundamentals are not quite as hunk-dory as they were, as the ongoing level of profitability looks as if it's not better than last year, possibly worse. That gives a Profit after tax of around 1.2-1.3m, compared with an enterprise value (market value less cash) of around £12m - so probably just under 10 times earnings. Not expensive, but not the bargain they appeared to be in the mid teens and with then apparent ongoing earnings of around £2.6-2.8m after tax. That's the key - what is their ongoing profitability? Several factors in the interims made me a little uneasy, such as opening an office in Switzerland, other initiatives with short terms costs - hopefully with future benfits, but no guarantees. I also have a feeling (although don't know much about the business) that they are struggling to compete with the big boys - note the litigation over employees leaving referred to a few posts above.

So I'm down to 85k shares - a lot less than the 340k I was holding at one stage. And a nice profit from various prices from 14 up to 22p, offloaded at 24-26.25p. Also had some nice dividends. Could have been higher, but that's hindsight. I just think that they're not screamingly cheap any more. Without a takeover, they're a little vulnerable and might be susceptible to sliding earnings. I'll hold the rest for a while.

Being the natural pessimist that I am, I am now fully expecting a takeover and therefore to miss out on some bumper gains.... Reinvested the proceeds in some banks, to do a little short term trading - TRN's customers!

[kenbachelor] 29/7/2004 07:53

Soysoy - Finals are in November