Trainline Share Discussion Threads

[msehs] 17/9/2020 13:31

Cant believe the market reaction.I suppose some shares are destined to trade inexplicably over or undervalued......

[blondviking] 17/9/2020 08:14

Holding up for the moment but with a second wave of Covid on its way can only see this going one way

[uncle gonk] 17/9/2020 08:12

With such good news the shares opened up?!

[h0me] 17/9/2020 07:08

Pretty much as predicted. Worthy of a market cap over 2 bill? Slower recovery than expected etc well over priced.

[h0me] 16/9/2020 10:53

...on the less than 30% traveller numbers well into 2021.

[inthemix] 15/9/2020 15:46

https://www.sharecast.com/amp/news/broker-recommendations/trainline-hit-as-jpmorgan-cuts-estimates-ahead-of-h1-results--7641347.html

[donmaka] 15/9/2020 10:38

I would say this is more related to JP Morgan update today cut its target down

[blondviking] 15/9/2020 10:17

The signs are there, if I were long then I would get out before Thursday

[lyndon b] 15/9/2020 08:28

Hi Home, I think you are getting your answer this morning.

[h0me] 14/9/2020 22:51

Wonder if this will start unwinding in the run to the trading update.

[blondviking] 11/9/2020 00:09

Found this on their website, sorry if already posted

H1 FY'21 Trading Update 17 September 2020

Not too long to wait!

[inthemix] 10/9/2020 15:36

No doubt a second lockdown will send this up another 10%

[donmaka] 09/9/2020 16:54

Ok I agree, I shorted them and trying to fathom why it is rising!!FT have it on their site in quite some detail about why Berenberg think they will grow.

[h0me] 09/9/2020 16:52

Are Berenberg based outside the UK. It beggars belief they are putting this out in the current climate. Open your eyes. Nobody is booking trips via train. Nobody is travelling for business via train. The gov data is telling us they are at only 30% passenger numbers. Where is the revenue coming from? What are we missing here that Berenberg can see? 520p in 2030?

[donmaka] 09/9/2020 15:45

Trainline initiated with a Buy at Berenberg Berenberg analyst Owen Shirley initiated coverage of Trainline with a Buy rating and 520 GBp price target. The analyst views the company as a growth play with online penetration of train ticket buying increasing in the U.K. and EuropeRead more at:https://thefly.com/n.php?id=3157401

[catscats] 09/9/2020 14:58

justus - totally agree - i don't understand who is buying this company at this valuation. even if you look through the pandemic to better times train travel is unlikely to recover fully until 2022. And even then WFH may mean less commuter journeys permanently. Can't see the corporate update next week being anything but awful...and if so should the Directors be allowed to sell. Maybe Clair Gilmartin knows something positive will be announced - more like positive spin.

[justusandclive] 09/9/2020 00:35

I cannot understand the market cap.... TL was making a loss before COVID struck. add the following to your analysis.

Trainline Director Clair Gilmartin sold off 800,000 shares at £4 net proceeds of £3.2M
Abandoning ship?

The 2020 financial statements are dreadful...
Balance sheet propped up by Goodwill from a purchase in 2015 and 2016 and not amortised...It simply has no value.

Take the goodwill out of the balance sheet out an the auditors probably wouldn't be happy to sign it off

Gross profit improved by an amount corresponding to an administration expense increase... careful accounting allocation maybe?

If you claim to be a tech company then the value of the business lies in a multiple of the recurring revenue... that makes this a bust in this climate.
Stand on any platform in the UK for a typical TL sold trip and chances are, you are on your own. I have done a coupe recently.... surreal.

[h0me] 08/9/2020 21:45

Big sells reported after hours, day after day. Telling us anything??

[texaspete2] 08/9/2020 19:45

Looks like some potentially big sells at the close

[msehs] 08/9/2020 19:36

Strange price action. Normally there is some half reasonable argument for the positive movement of a share.....but I can think of any.

However the only thing that matters at the end of the day, is the price action

[msehs] 08/9/2020 19:36

Strange price action. Normally there is some half reasonable argument for the positive movement of a share.....but I can think of any.

However the only thing that matters at the end of the day, is the price action

[texaspete2] 08/9/2020 16:17

MM fun and games maybe. Volume is nothing unusual, train passenger volume still at only 30%....CEO will be kicking herself now lol. Hold tight or increase your short position!