Trinity Mirror Share Discussion Threads

[ragehammer] 09/9/2016 16:51

They're spending far less than they're generating in Free Cash Flow each day, so they will not run out.

[gfrae] 09/9/2016 16:39

Sell them if you are worried.

[freddie ferret] 09/9/2016 16:06

Wondering what happens when they run out of money for this buyback.

[spoole5] 03/9/2016 16:21

Tipped in shares magazine this week as deeply undervalued.

[robo175] 03/9/2016 12:16

This is now on the next leg up.

[philjeans] 01/9/2016 12:16

Maybe - but I think they are just playing it cool by buying up any shares that are sold in the normal way on the market, rather than aggressively bidding for stock.

It's cheaper that way and they've lots of time, and cash left, to do it.

Patience is the order of the day here.

[gfrae] 31/8/2016 03:59

An explanation for the weakness in Tni may be that bondholders of Jpr are hedging their exposure there ? Even with the buyback Tin has still not recovered its Brexit loss.

[fruitninja84] 25/8/2016 11:48

Dip being bought up, offering the chance for speculators like me to top up or get in around these levels before a retest of 110p imo.

[spoole5] 20/8/2016 12:03

If TNI can transform themselves into an online media company with revenues anywhere near current levels this could easily triple from here.

[philjeans] 20/8/2016 11:20

Yes - that's quite right and why I bought a packet at 80p a couple of weeks ago!

[value king] 20/8/2016 09:28

A PE of 3 and a yield of near 6% is just too cheap.

They have only bought back around 10% of the £10m of share buy backs they are going to do. The buy backs reduce the PE by around 2.5% and also saves the co around £300k per year in dividend pay outs every year.

if you join the highs up on the chart above then 150p looks to be a decent potential target going forward I would say. That would still leave TNI on a 4% yield and a PE of 4.5.

Wake up market, TNI are actually becoming a very smart on-line media co too!

[foot in mouth] 19/8/2016 17:14

Finished on the day's high. Bodes well for next week. This has had an amazing run thus far and it is likely to continue. I get the feeling my 120pps target is going to be met soon!

[gfrae] 18/8/2016 18:18

Thanks for the update Harry.

[philjeans] 18/8/2016 17:37

Thanks Harry - good to get that sort of info from an expert.

We're on a roll!

[harry_david] 18/8/2016 15:55

Today's Abc's for online are the real thing.Mirror Nationals up 23% year on year, and Regionals up 70%.Group up 38%.Far better than the other big three.Very importantly we know the Regionals have a much higher UK bias in audience and should now be driving the Group further in revenue.The interims reported a faster percentage rate of online display ad revenue growth than unique audience growth. These figures today show the potential.In case anyone thinks all the regional growth was due to Local World, the big three regionals Manchester 17%, Liverpool 27% and Wales online up 55% certainly did their bit.

[philjeans] 18/8/2016 08:51

Good day yesterday - hoovered up another 100k shares!

Not only providing a solid floor to the share price but nudging up every time.

Bought 30k at 80p so well in profit and earning 6% as I go.

Still plenty of blue sky here - target 160p.

But getting expensive - P/E NOW A LOFTY 3 !!

[freddie ferret] 12/8/2016 16:02

If I was them I would keep some ammunition in reserve.

[ironstorm] 12/8/2016 09:19

Not quite 5% of the buyback programme completed and the share price has appreciated nicely.

My expectations are for it to recover to 110-120 fairly sharpish and then who knows if they keep buying consistently 140?

[spoole5] 11/8/2016 20:51

The market is pricing in so much negativity here that any slight positive surprise will see a disproportionate rise in the price. It's priced for disaster, no disaster and we double.

[richard98765] 11/8/2016 18:21

If it hits 1 the stop will be upto entry for a free ride. More upside than down assuming revenue stabilises or grows on next results. A good bet in my book

[spoole5] 11/8/2016 17:46

£1 in sight tomorrow?

[extrader] 09/8/2016 13:11

Hi ragehammer,

The share buyback restrictions are set out in the RNS and must comply with EC directives, the relevant bits of which are :

2. In order to benefit from the exemption laid down in Article 5(1) of Regulation (EU) No 596/2014, issuers shall not, when executing transactions under a buy-back programme, purchase shares at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out, including when the shares are traded on different trading venues.

3. In order to benefit from the exemption laid down in Article 5(1) of Regulation (EU) No 596/2014, issuers shall not, when executing transactions under a buy-back programme, purchase on any trading day more than 25 % of the average daily volume of the shares on the trading venue on which the purchase is carried out.

For the purposes of the first subparagraph, the average daily volume shall be based on the average daily volume traded during either of the following periods:

(a)


the month preceding the month of the disclosure required under Article 2(1); such a fixed volume shall be referred to in the buy-back programme and apply for the duration of that programme;

(b)


the 20 trading days preceding the date of purchase, where the programme makes no reference to that volume.

SO : Not at a premium and not more than 25 % of ADB trades over the last 4 weeks.

If they DO buy, they have to tell the market the next day.

You can see how their hands might be somewhat tied......

ATB

[ragehammer] 09/8/2016 11:58

It seems the share buyback is limited to purchasing shares under 80p. The last buyback was on 4th Aug when the price burst up above that level. On that day they only bought about half the level of the previous few days and maximum price paid was 80p.

I wonder if over time the limit will be moved up so that the company can continue to repurchase shares? The price seems to have some support currently at 90p, but the buyback will continue to be a useful backstop.