Trinity Mirror Share Discussion Threads

[gfrae] 28/9/2016 08:15

The lower the price the less shares they buy in. Shouldn't it be the other way around ?

[philjeans] 23/9/2016 11:09

I think we'll see 120p before 75p!

Superb value here as they continue to throw off surplus cash day in, day out, reducing debt and paying a 6% divi!

Meanwhile costs fall as on-line business soars.

[prokartace] 22/9/2016 18:17

No chart support until 75p

[spoole5] 22/9/2016 17:33

So may be an opportunity to top up ahead of the trading statement.

[extrader] 22/9/2016 17:03

Hi spoole5,

There's been some interest shown in JPR and PIs investing in this sector may be spreading their bets...

ATB

[spoole5] 21/9/2016 15:40

Anyone know of reason for today's fall?

[s34icknote] 21/9/2016 15:28

How much will turnover be down again ????

[spoole5] 21/9/2016 15:09

Trading update 30/09.

[freddie ferret] 21/9/2016 13:41

Think some people are switching TNI to JPR.

[spoole5] 21/9/2016 08:54

Why the 7p spread?!

[philjeans] 19/9/2016 09:43

I agree - being managed more professionally.

P/E now 3.. !!!!

[extrader] 19/9/2016 09:37

Hi philjeans,

Re broker appointment, I don't think it's a coincidence that the spread has moved to a 'challenging' 98.5 - 105 range....

ATB

[philjeans] 19/9/2016 09:30

Buy back still operating , and well; have bought 1,392,000 shares so far , so costing , say, £1.6M assuming rising average prices since the start. So still, perhaps, £3.4M in the war chest to spend, up to the new figure of £5M.

But after that, buy back still continues - presumably up to the original £10 M.

Good move because brokers can now operate in the market, as and when they see better opportunities, rather than a daily round of simply taking all the "sells".

Meanwhile, yielding about 5% and our digital offering going great guns.

Highly cash generative and debt very rapidly being cleared.

More to come here - BUY for me.

[extrader] 16/9/2016 13:19

Hi all,

TNI has tweaked its buyback programme : i/o up to £ 10M during open periods, it's now capped at £ 5M incl. both open and closed periods and handled by its brokers Barclays and Numis.

The buyback programme remains in place thereafter (incl. closed periods, if the Co agrees) up to next AGM.

Not sure what has prompted these changes. May be coincidence, but the share price has fallen since shortly thereafter - are the brokers 'working' the price, for a more cost-effective, higher-volume buyback ?

ATB

[gfrae] 15/9/2016 23:14

They said that they were going to buy in £10m worth and make an agreed additional payment to the pension fund of £5m (pre tax.) A very modest buy back,and good use of funds which benefits shareholders and pensioners alike.

[extrader] 15/9/2016 22:52

Hi again freddie,

They are constrained both as to the %age of day's volume they can buy and the max. price they can pay, so any buybacks will tend to magnify (somewhat) any price movement upwards (driven by others) and damp any price movement down (ditto).

ATB

[freddie ferret] 15/9/2016 22:41

They seem to have used the buyback to raise the sp, IMHO it would best be used to hoover up as many shares when they are cheap, if they are not cheap don't buy but wait for them to fall and then buy. Long term I want the share price to rise of course but that is best achieved by them buying up as many shares as possible.

[extrader] 15/9/2016 22:33

Hi freddie,

I think they would have to get trustees OK for any increase in buyback amount, which IIRC they'd get if they made a matching payment towards pension deficit.

DYOR, NAI and ATB

[freddie ferret] 15/9/2016 21:58

ragehammer.

They have allocated £5m for this years buyback it seems. They could increase that of course.

[harry_david] 15/9/2016 12:50

Mirror Nationals 5.3 mil up 23% yoy and Regionals up 76% to 3.9 mil. The latter includes Local World and some new launches but the old sites are also growing strongly.The main competition is well behind, Mail +11%, Guardian same, Telegraph +8%.

[harry_david] 15/9/2016 12:43

Abc's for Aug just out. Print trailing poorly but online is outperforming competition. Trinity Group now 2nd having passed Guardian on daily unique visits

[harry_david] 12/9/2016 17:31

Gfrae, I think I remember them saying the buying was to be split between the two. Given the questionable competence with which the Aviva and Schroder orders were executed it is a wonder Numis was entrusted with anything.

[gfrae] 12/9/2016 10:45

I wonder why they have switched from Numis to Barclays ?