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 0.0% 85.70 85.00 86.00 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 623.2 81.9 23.0 3.7 259

Trinity Mirror Share Discussion Threads

Showing 7176 to 7200 of 7575 messages
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DateSubjectAuthorDiscuss
17/10/2017
15:05
Hi Harry, thanks for the detail. Always appreciated.
cjohn
17/10/2017
12:31
Are Aviva finished for now. Good opportunity for 20% odd possibly
smicker
16/10/2017
17:03
Re 1903. Online news both local and national growing all the time.
freddie ferret
16/10/2017
09:41
Seems to bounce from these levels or at least has done a few times before retracing to this level again. Hopefully will get back over 100p. Would prefer a long term trend of much stronger rising earnings from non print aspect of business.
nick rubens
16/10/2017
09:05
CJohn, they have a large lease in Docklands where rents have rocketed recently. There would be a nice premium there if they were to vacate. They also picked up Reading for a song from the Guardian some years ago, probably a few bob there.
harry_david
15/10/2017
21:52
Thanks R Ball - for that stunning insight - gosh who knew?
kazoom
15/10/2017
17:56
Avoid. Sector in terminal decline.
r ball
15/10/2017
17:38
Ok, thanks, Harry, for the clarification. As Snicker has pointed out, the only recent sales were at around book value. we just don't know enough about the property to assume a big surplus. Obviously, if it was residential freeholds, it would be another matter. There was talk some years ago of potential housing schemes on surplus property, but this never materialised.
cjohn
15/10/2017
17:07
Quarter point hike is what they are all saying for Nov.
cityconindex
13/10/2017
13:16
CJohn, I remember it from the time when Panmure's were the company broker. They used to mention £150 million and then in the near last time they published research they upped it to £200 mil. I do not have the research anymore so it is just from memory. It has never been ratified by the new management so perhaps it was a Sly exaggeration.The property surplus would only arise when they sold their printing properties so is not a short term solution.I am much more focused now on the big turnover this a.m. It could help bring in buyers for the stock overhang which is doing all the damage.
harry_david
12/10/2017
10:09
In 2016 Annual report they detail the sale of a number of properties with book value 10.4m sold for 10.6m. Land and buildings now valued at 152.4m
smicker
12/10/2017
10:04
Don't forget the banks will loan them money on the basis of the property backing, even if most of it is related to printing plants. However the pension trustees will presumably also have a claim here. To me, the shares look really cheap but the pension issues are hard to ignore.
albert zog
12/10/2017
09:02
PS Harry, I really would like to see a reference, if you can find us one. Thanks.
cjohn
12/10/2017
09:01
Hi Kazoom, On this occasion, i wasn't thinking in terms of net tangibles. Say the freehold property IS worth 350m. This would make a significant difference to the financial strength of the Company. BTW I coincided with Paul Scott as a holder and this was some 5 years ago, not 10. (unless he'd already held for 5 years and was sitting on a huge loss!) I do remember Paul bailing out at around 60 -70p, because of the breaking phone hacking story.
cjohn
11/10/2017
20:24
Hi CJohn, Hopefully Harry might be able to provide more information - but I certainly recall a discussion back in the "sub 50p days" on the freehold surplus (I think with Paul Scott) and I'm pretty sure I made some attempts to validate this at the time. Given that was nearly 10 years ago - I wouldn't be at all surprised at a £200m surplus, as I don't think they have revalued them. (Incidently I think the freeholds are only on the books at c. £150m rather than £180m) As you know I'm less focussed on the balance sheet than yourself, but I'm a little surprised that you think this makes a material difference. Certainly the NAV is about £580m (210p) and would be £780 (280p) with this addition. But the TNAV is c. -£320m (115p) so still negative if you take into account the presumed freehold surplus. To be fair nearly £800m of the intangibles is the value of the Brands (titles) which I would argue are much more tangible that most intangibles, but in a liquidation situation they are probably near worthless. TNI is for sure not an "asset play". But if you believe it is a transformation play then those assets are quite likely to be realisable (a small head office in Bodmin or Middlesbrough or Mars - with most staff homeworkers is feasible.)
kazoom
11/10/2017
18:28
Decided to take a small punt on this share today. Nice to be in slight profit already!!
woodhawk
11/10/2017
14:35
Hi Harry David, could you give us a link to the Panmure assertion that you cite that that TNI's property is worth 200m more than it's book value? I was only aware that the book value of the freeholds was around the 180m mark. So this would mean the prooperty was worth 380m. I admit I 've never heard this before. Would you check this for us, as this, of course, would make a significant difference to the investment case? thanks CJohn
cjohn
11/10/2017
10:49
A trading opp for sure. Brokers of peoples holdings in isas going to market to reinvest dividends as we speak.
cityconindex
10/10/2017
17:09
Good post gfrae, but I think you are making my point for me, the selling is down to sentiment. There has been no material change in fundamentals between the share price being 75pish (aug-16) to 110p (sep-16) to 78ish (nov-16) to 120 (Mar-17 & may-17) to 85ish Jun-17 to 100 (aug-17) to 80ish now. TNI just continue to churn on meeting (and slightly beating) market expectations. If it weren't for the possibility of significant adverse reaction to the N&S deal when the details come out, I think there would be a fairly clear swing trade opportunity here.
kazoom
10/10/2017
16:18
I am not sure about the connection between JPR and TNI. I think from memory we are printing some of JPRs titles? Anyway, this is today's RNS. https://uk.advfn.com/stock-market/london/johnston-press-JPR/share-news/Johnston-Press-PLC-Update-on-Strategic-Review/75824176
freddie ferret
10/10/2017
14:53
Taking the bleakest view the traditional business has five years of reasonable profits ahead, incidentally the same time frame I would have given it five years ago, and at the end it will have the digital side plus a lot of unwanted property that according to Panmure's is worth £200 mil or so more than book. In that time interest rates will fix the pension deficit and the cash flow will allow them to take on new prospects. At these prices we have a great dividend and fantastic odds on cap gains. I am not buying more as am already over invested but still a supporter.
harry_david
10/10/2017
14:35
Well said Gfrae.
harry_david
10/10/2017
08:13
It is more than sentiment there is real selling ,we know that because TNI are buying in 30,000 odd shares a day and the price is still falling. I suspect it is because the big sell at the moment is any business that is a loser due to the internet,so retailers (Amazon) Hotels (Airbnb) etc etc. Nobody seems to be looking at the value of the company,and considering whether a lot of the pessimistic forecasts are already in the price with a p/e of 2.5.yield of 6% or more. TNI remains in a good position to consolidate the newspaper industry and it also has significant digital earnings which are growing albeit not as fast as some hoped.
gfrae
09/10/2017
18:39
Are Aviva finished?
smicker
09/10/2017
18:23
albert, imho it's all sentiment driven - look at the last 12 months in the chart above, the share price has gyrated between the mid 70s and 120s - yet during the last 3 years or so TNI have consistently met market expectations - consistent as clockwork. The only real material variables up to now have been the legacy phone hacking costs and pension deficit. Certainly there is potentially negative sentiment about the deal (I read one wonderful quote suggesting it was like tieing two stones together to help them float) Negative sentiment but it doesn't make it correct imho. You need the patience of a saint.
kazoom
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