Trinity Mirror Share Discussion Threads

[cityconindex] 21/8/2017 11:03

What's blocked the share price stuck in a very tight range? ?

[kazoom] 21/8/2017 00:36

What headlines are you referring to Citycon?

Is it the current Sun headline : "Di didn't love Dodi" ?

Or was it something a little more meaningful?

[patience a virtue] 20/8/2017 22:25

Metro is reported to be for sale, we could be owning it soon for £40m?

[cityconindex] 18/8/2017 10:38

The headlines in the sun today to the sentiment of all of us. The mirror was cowered. Labour interference.

[harry_david] 18/8/2017 07:13

Yesterday's abc were interesting. Every national online site was down, must have been a low interest month. The standout again was Trinity Mirror Regional sites which of course we're up. They now have more page impressions than Trinity Nationals and bigger than most of the national competition. There is something very interesting happening here.

[cityconindex] 17/8/2017 11:05

Thank guys or gals.

[gfrae] 16/8/2017 10:29

Shares in treasury can be reissued, cancelled ones can't. It shouldn't affect share price

[kazoom] 16/8/2017 10:27

City on.

Both cancelled or treasury are out of circulation and do not attract a dividend.

However, treasury shares could be reissued by the company at no extra cost. Usually this would be to support share based payments to employees or 'paper based' acquisitions.

As we know the co is continuing to eye up appropriate acquisitions, it could be for this.

Often though companies let treasury shares build up and then cancel en-masse; I believe there is a cost associated with the act of cancellation.

Imho nothing to be concerned about that the co holds shares in treasury atm.

[cityconindex] 16/8/2017 09:07

Could anyone help with this question, what's the difference between shares held in treasury or shares cancelled?

And how does it affect the SP?

Cheers

[freddie ferret] 11/8/2017 15:58

They seem to be into 55k shares a day at the moment.

[cjohn] 11/8/2017 11:30

Regarding the wider results. It's worth noting that - as I have been pointing out for several years was bound to happen - overall digtial growth rates are now down to mid-single figures.

This is still a very creditable growth rate, but, of course, cannot make up for the higher percentage fall in non-digital.

Non-digital revenue, you will remember, is about 6 times greater than digital.

And so revenue trends are awful at TNI. Management don't seem to have any ideas for reversing this. This isn't a criticism of them. It's simply that this is not a good business in the Buffettian sense of the term.

Still, the shares look fair value to me, given the cheapness on various indicators. I'd certainly personally be tempted at say 50p. It's just that there are many other more clear situations.


All the best as ever to holders.

[cjohn] 11/8/2017 11:21

Yes, Harry, the defined pension schemes were shut to new members years ago.

You are right too that an increase in gilt rates and the associated discount factor used by the pension actuaries would reduce the present value of future liabiilites, and hence the pension déficit.

Unfortunately, any increase in bond rates will also hit the capital value of TNI's large bond holdings.

Increased gilt rates will probably impact too on TNI's equity holdings.



(Obviously, the pension assets have performed brilliantly in the last year. Some of those gains will almost certainly be lost.)


So the effect of any interest rate increases will be mixed and, of course, less than the figure you quote.


What may also help the pension deficit is the possbible decrease in life expectancy over the next few years. We may well be in for a rough ride economically - and this often impacts on life expectancy.

[patience a virtue] 08/8/2017 10:19

News on the i printing:
Trinity Mirror and Johnston Press extend print and distribution contract, signalling three year commitment

Today, Johnston Press and Trinity Mirror jointly announce an extension of the existing print and distribution contract for the i newspaper at the Trinity Mirror Print sites.

[harry_david] 08/8/2017 09:35

Did they not close them years ago, I thought the open ended costs related to the historical commitments including older current members?

[cityconindex] 08/8/2017 09:23

What's stopping TNI doing this.

ITV shuts defined benefit pension scheme
The UK broadcaster moves to plug a £367m hole in its retirement fund

[cityconindex] 04/8/2017 15:11

Yesterday 96p to flush some sellers stop losses and the bounce was really fast.

Buyback really picking up 50k a day, if they keep that up there will be a very tight market, and volatility, if and its quite possible that interest rates tweaked only slightly, the share could move north very quickly..heres hoping

[gfrae] 01/8/2017 15:57

I hope you are right, Harry.

[fangorn2] 01/8/2017 15:29

Next recession - October/November this year. :)

Rising world debts eye wateringly high.

Little chance of interest rate rises therefore.

[harry_david] 01/8/2017 12:54

gfrae, it is when we think it will never happen that it takes off. The next recession anyone! I guess it all depends on inflation.

[gfrae] 01/8/2017 12:13

I am afraid that there is little chance of interest rates rising at the moment, if ever, everyone would go bust !

[harry_david] 01/8/2017 11:50

The big question is When? But When interest rates move the pension deficit will quickly disappear.

[cityconindex] 01/8/2017 09:48

Harry good point what's the consensus if that were to happen, what effect on the share price? and what effect on the divi?

[harry_david] 01/8/2017 08:17

One point in yesterday's analyst call. A half point move in interest rates moves the pension liability by £163 million.

[spot1034] 31/7/2017 09:17

The interim dividend is being paid out two months earlier than previous years.

[philjeans] 31/7/2017 09:06

Final payment on the loan notes been paid of £68M - next time that'll be available for other purposes; div/buybacks/acquisitions etc.

It's a veritable cash machine.