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TNI Trinity Mirror

85.70
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trinity Mirror LSE:TNI London Ordinary Share GB0009039941 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 85.70 85.00 86.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trinity Mirror Share Discussion Threads

Showing 6751 to 6773 of 7575 messages
Chat Pages: Latest  279  278  277  276  275  274  273  272  271  270  269  268  Older
DateSubjectAuthorDiscuss
20/12/2016
10:40
If it wasn't for Aviva and its heavy selling these shares would never have gone under a pound and would now be pushing up to £1.70, or at least well above the placement price.At last someone is taking them on.
harry_david
20/12/2016
05:04
Trading at less 3 times earnings so plenty of upside possible
bc4
19/12/2016
20:59
Looking at the five year chart these have a habit of spiking up by about 70p- £1 in a very short space of time.
spoole5
19/12/2016
12:44
It's not a rollover. Someone has come in to pick up large chunks of stock. There was a seller sat around that price, and the clearing of that stock then allowed the stock to break higher on an intraday basis.
sphere25
19/12/2016
12:27
Roll-over for CGT - both at middle price.

;-)

philjeans
19/12/2016
12:24
Two very big buys around 11h30...:)
pvee
19/12/2016
12:13
Up 9% - nice move.

Headed to test that resistance of 110 by the looks of it. If it cracks that, it could really motor.

Should be a fascinating one this for 2017.

sphere25
18/12/2016
10:55
The great thing here is a lot of the problems that have been holding the stock back are about to be placed in the rear view mirror (pardon the pun). The hacking costs 80% dealt with, the net debt almost gone. If the pension deficit starts to reduce through rising bond yields as well this could really start to motor very quickly.
spoole5
16/12/2016
17:40
I don't know the current figure as that will depend on the detail behind this half year, but as at the half year the Tangible Net Asset value was MINUS £300m.

Largely the result of the pension deficit £350m (net of tax)
Provisions £40m (£31m of which is for hacking).
and Net Debt £48m

We know from today's statement : the remaining provision for hacking is around £22m (meaning they have paid out around £20m this half year.)
Net debt is £35m
But we don't really know where the pension deficit may have moved.

Although we do know that 0.5% increase in the "discount rate" which is related to (but not the same as) bond rates, reduces the gross (ie excluding tax credits) deficit by £121m, but a 0.5% increase to CPI increases the deficit by £43m.

I don't really think that we have enough information yet to understand whether the figure is likely to have moved, but in the medium term it is not unreasonable to assumed that the deficit will be eroded to some degree by increases to bond rates.

In terms of the very low PE ratio, in light of the significantly higher Enterprise Value, I would caution as CJohn has a few posts back that PE is not itself a particularly useful measure.


FWIW - I think this is a pretty good update overall, with once again impressive cash generation. It's a little disappointing though that they had to increase the hacking provision by a further £11.5m although as they have now settled 80% of the claims this figure should be more robust now.

Glad I topped up over the last few months (wish I'd bought more!)

kazoom
16/12/2016
14:19
Would be interesting to know current net asset value if anyone has it to hand.
spoole5
16/12/2016
14:18
When debt paid off there is also the potential to start really ramping up the dividend which is currently covered more than 6 x by Eps. This could be yielding well over 10% very soon at today's prices.
spoole5
16/12/2016
14:17
and I think you might well be right.
philjeans
16/12/2016
14:16
Johnston Press have just sold their Anglian papers for £17 mil on a p/e of Operating profit of 5.3. This cross rates to £700 mil for Trinity on last years combined profits and with the web business worth another £200 plus mil and a similar amount in property off balance sheet, the current share price is as I claimed before just ridiculous.
harry_david
16/12/2016
14:16
If it doubles it will still be on a pe of only 5! But pension deficit could be wiped out with increasing bond yields and debt gone next year. My only concern is when revenue will stabilise and at what level.
spoole5
16/12/2016
14:08
Does a 0.5% hike to the discount rate take £155million off the pension deficit???

Taken an initial position here, quite alot of buying coming and chart turning up, but as bond yields have been rising, surely that pension deficit is going to be eaten away rather quickly?

Odey will likely continue covering his short too. so I think this stock has the potential to go absolutely bonkers.

sphere25
16/12/2016
13:19
Looks like they may be debt free be the end of next year.
spoole5
16/12/2016
09:11
If revenue keeps declining!
spoole5
16/12/2016
09:02
How is it going to go bust?
spooky
16/12/2016
08:10
Either it goes bust or gets a significant re rating.
spoole5
16/12/2016
08:07
Silly price - easy bagger.
philjeans
16/12/2016
07:52
2.3 x Eps!!!
spoole5
16/12/2016
07:34
I have 128m with EPS of 35.6p.
spooky
16/12/2016
07:32
would have been helpful if they had stated what the expectations that they might be beating were.
xxx
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