Trinity Mirror Share Discussion Threads

[cityconindex] 27/2/2017 09:00

Again the market makers doing the number on the smaller investors who have stop losses in place say 5p away from the opening price..

The numbers were good..but the increase in divi was weak but early days imho I think the market will wake up from its bashing mind set...as digital revenues power ahead

[spoole5] 27/2/2017 08:22

Market starting to focus on the pension deficit hence the drop.

[philjeans] 27/2/2017 08:18

Excellent cash generation and yield from a strong underlying business.

Pension deficit is a mathematical illusion and is no worse than most FTSE companies. Pensioners are dying faster than new ones are being added - actually none are being added as it's a closed fund. At the first sign of long term interest rates rising, this "deficit" rapidly decreases and the worry disappears as if by magic.

Pensioners need their monthly BACS credit - not all of the money to everyone at once!

Wake up market to a bargain rating!

[spoole5] 27/2/2017 08:02

Obviously the pension deficit a major concern but with net debt gone in six months i imagine they'll be able to start pumping in more to get it under control.

[ragehammer] 27/2/2017 07:32

Results (which are 53 weeks vs 52 weeks, always difficult to judge) operationally seem very strong particularly in digital, with profit growing mid teens percent and cash generation very high and net debt way down below previous guidance. However the pension deficit keeps growing and contrary to my expectations the discount rate has actually fallen compared to interims even though bond yields have increased. Combined with a higher inflation outlook this has pushed up the deficit. However things in perspective, FCF was £75m AFTER pension contributions which is a FCF yield of 22%. Dividend increased modestly and the buy back will continue at £10m (worth around 3% of market cap), by the interims they should have no net debt so it will be interesting to see what they do with all their cash.

[samdb] 27/2/2017 07:28

Pension deficit increased quite a bit but rest of the results look great.

[philjeans] 27/2/2017 07:09

WOW! Great results - looking very very undervalued again.

[spoole5] 26/2/2017 16:57

The above probably true, but doubt a 15p increase tomorrow, maybe 5p and a steady rise for the rest of the week.

[foot in mouth] 26/2/2017 15:11

I'm positive on TNI. Tomorrow i'm going for an increase in profit, an increase in the divi, debt down, costs down, pension deficit down and a continuation of the share buy back (mind you the current one hasn't finished yet). Of course ad revenue will continue its' decline as will circulation........but on-line add revenue will show a double digit increase. Maybe the above is stating the obvious........but i've followed this for more than 5 years now and it is a bit predictable. If the above are true how about a 15p increase by close of business tomorrow? DYOR etc.

[harry_david] 25/2/2017 17:15

I guess mrx9000 you are referring to the article in the times. When I read it I thought it was just the usual Murdock tactic of slagging off the opposition with a bit of fake. Extrader, you are quite right the article ignored the pro rata agreement to put money into the pension fund.

[extrader] 25/2/2017 10:18

Hi mrX9000,

...not quite sure why some parts of the media are criticising TNI for its buybacks and saying that the money should be paid into pension deficit.

I guess the journos haven't done basic research : TNI has a deal with the pension trustees that only allows it to do share buybacks PROVIDING it match - pays into the deficit...

Sheesh !

ATB

[mrx9000] 25/2/2017 09:40

Am not quite sure why some parts of the media are criticising TNI for its buybacks and saying that the money should be paid into pension deficit. JPR had its deficit revalued and now hardly has one, the same is probably happening here as well. Also when yields rise this will have a positive impact on the deficit.

[cityconindex] 23/2/2017 09:43

This morning market makers offering at 120.5 but they were buying in at 116.00 4.50 spread. Must have got lots of peoples stop losses.

2 million buyback shares by next week, the price would rocket, and the spreads would be massive.

[ironstorm] 23/2/2017 08:27

I wonder if they are under pressure to complete the initial buyback by the time of the results so they can announce another of the same size.

Anyway I like 120p handle which was my initial target - stretch target is 140 which I will review after the results.

[cityconindex] 23/2/2017 08:23

Repurchases of 45k shares yesterday. Numis are busy.

[patience a virtue] 22/2/2017 21:40

Results on Monday, a lot to look forward to.

[freddie ferret] 22/2/2017 17:24

I think there is bid speculation re JPR, I seems to be doing well too.

I wrote JPR off my list some while back and that remains my view, speculators share IMHO.

[cityconindex] 22/2/2017 08:37

45k tni repurchases yesterday. Numis are not hanging around getting the job done

Off topic but has anyone seen the johnstone press share price storming up today?

Does this bode well for TNI? Next week.

[freddie ferret] 21/2/2017 17:17

I do not know if anyone else has noticed TNI have upped the rate of buy back considerably over the last few days, now circa 40-45K shares a day.

[prokartace] 21/2/2017 13:37

In terms of the divi payment don't forget that some of that cash generation is being spent on share buy-backs

[cityconindex] 21/2/2017 10:40

Who knows what the outcome but buying back shares at this rate 40k a day is aggressive as you point out. And increases our percentage in tni. The market will realise eventually. There may be news on the merger /takeover on the day that may ignite the shares 😊

[ragehammer] 21/2/2017 10:19

There could well be an increase in the dividend. However, don't forget that anything they pay over 5p a share they have to make an equal payment into the pension fund IIRC.

[cityconindex] 21/2/2017 09:32

My understanding is that TNI are generating cash. Hence the question about the divi. Eps at 34p seems the payment at the moment especially now a majority of the hacking claims have been put to rest, seems a bit tight. Just saying

[gfrae] 21/2/2017 08:47

Buying back the shares will not lead to an increased dividend,the opposite if anything,because there will be less cash.
I wondered why they have become a bit more aggressive in buying in the shares....I suppose it is because Numis have taken over the job for the time being.

[cityconindex] 21/2/2017 08:18

GM So next week the finals are out. Buying back shares will increase the eps. Is it possible that there may be a big lift in the final Dividend?