Trinity Mirror Share Discussion Threads

[kazoom] 21/3/2018 15:17

HA - the market is prone to make mugs of us all.

No sooner did I write that than the price zagged down to 87.0, falling outside the bottom of the triangle!!

But as that was for a trade of 33 shares and the price immediately came back into the triangle, I'm going to stick to my guns and call that an aberration.

Amazingly low volumes so far today in any case - only 18k traded so far against a norm in the range 100,000 to 200,000

[kazoom] 21/3/2018 13:12

Hello All,

In the absence of any material news, I hope I'll be forgiven for a bit of "chartywaffle".

Regulars will not have failed to notice that since a good run through February & early March the shareprice has rather "stalled" over the last few days.

Looking through the intra-day price action it seems to me that there has been "resistance" at just below 89p and looking more closely as per the chart below, it looks in fact as though we have an "ascending triangle"



As you'll see the triangle apexes before close on Friday, meaning that any breakout will occur before then.

An "ascending triangle" is supposed to be a bullish formation and is indicative of a move above the support by the "height" of the left-hand end of the triangle (about 3p).

So a "likely" move up to around 92p, not that exciting then, but then 89p should change from resistance to support and this might play in to a stronger move up given that it "continues" the uptrend.

You read it here first!!

Just a few caveates though :



"Ascending triangles" are normally observed over longer periods than this, so I might just be making it up as I go along, by ascribing this pattern

Although charting signals play out 100% reliably, that is only when you exclude those instances when they don't.




Whilst I've even failed to thoroughly convince even myself on this, I am trading it in the hope of raising enough for a slap up meal ;-0

[cityconindex] 15/3/2018 17:28

I'd like to pull gimmicks like the 2 directors have done. And the buys are still coming in strong. Once a pound not a penny stock so the probability is that it will be more attractive. Who knows only the bosses.

[cityconindex] 15/3/2018 15:29

Foot in mouth looks like your dream came true ☺

[foot in mouth] 15/3/2018 15:12

Well. here come the gimmicks!

[patience a virtue] 14/3/2018 12:07

The rise of 10p a share from 77 to 87 means Desmond is 2 million pounds richer on paper. He as shrewd as he is will be making a lot more if TNI or rather Reach's share price is reaching higher.

[gfrae] 14/3/2018 08:49

No need for gimmicks or gestures.
Management and directors should continue playing with a straight bat.

[foot in mouth] 14/3/2018 07:42

I wish we'd see some strong director buys at these low levels.

[harry_david] 12/3/2018 11:09

The fascinating thing about Trinity right now is that the shares offer the magic ingredients of an almost rock solid base due to rising interest rates combined with the blue sky from growing digital revenue mentioned above.
Since the last valuation interest rates have risen 02%. This cuts the pension deficit by £68 million (2/5 of £170 million) already and by all reports more to come. The pension fund will have another gain as well from the official actuary report last week confirming a decline in UK longevity.

[harry_david] 10/3/2018 18:54

I bought a few more Thursday, this is my reasoning, hope it's fairly accurate.
Aviva selling is nearly finished, if not then very close.
Digital is my driver, always has been. The company does not break out the exact numbers for the growing display portion but deducing from the percentages reported it appears last year the revenue was about £63 or £64 million. This compares with one estimate I heard for Express group of £16 mil. TNI has an advantage because of the strength of its regional sites but even so The Express should be £6 or £7 mil higher, to which should be added the extra sales which always in adland goes to the biggest player.
I am therefore projecting over the next two years natural growth of 20%pa as per the company forecast plus The Express catch up and lastly my size premium of a further 5%.
If this all comes true in 2019 digital display revenue will rise from last year's figure of £64 million to £130 million.
This may sound fanciful but each of the points I am making are plausible and even if they only partly work out it will cause a market re-rating.

[cityconindex] 09/3/2018 08:46

Phil totally agree so cheap and as a poster here said a double or trebled share price is a possibility.

[philjeans] 09/3/2018 08:39

TNI are very good at taking costs out of the business and the merger with Express group gives them a whole new area to work on.

Stupid cheap rating here and the market may have finally woken up to it.

Stupendous cash generation!

[kazoom] 09/3/2018 00:06

Useful Twixy thanks, useful. I just worry though that, IME, CMA (& other regulators) don't always follow through on what you would expect.

I therefore seem to be (for once) a little bit more cautious than the market.

[twixy] 08/3/2018 22:48

I was at 1 Canada Sq today and they have no worries on the CMA hold separate order and were expecting it.

[kazoom] 08/3/2018 19:47

Quite surprised actually to see us hit a four month high right now (although I think there are probably several resistance levels between 85 & 90p).

I would have thought that the CMA's hold separate order would be weighing down on sentiment at the moment, if (and I accept that the management express confidence) the CMA were to block the deal, TNI would have bought a significant liability imho.

Still I've often not been in tune with market sentiment in this particular share !!

[foot in mouth] 08/3/2018 17:01

The (Express) train has left the station!

[twixy] 08/3/2018 16:22

Classic; IC publish one of their legendary sell notes and the share price jogs off in a Northerly direction.

[cityconindex] 07/3/2018 18:01

Can anyone read the Investor's Cronichle Sell note? And copy and paste it?

[kazoom] 05/3/2018 13:15

In other news, Jorge Mario Bergoglio is reported to be a catholic.

[walbrock82] 05/3/2018 13:11

Trinity Mirror presents a dilemma for the ordinary investor.

After reading their results it profits are steady, but sales are declining at a rapid rate. One big factor for revenue collapsing is the fall in advertising of 25%.

Another observation I conclude is Trinity Mirror (now renamed Reach Plc) is operating rather efficiently, BUT the sector is in terminal decline. And given Trinity print division (accounts for 85% of sales) management looks set to run out of revenue to generate a decent level of profit and justifying their valuation.
Therefore, it needs to acquire sales at a premium price.

For more on charts, interpreting today’s results and share price forecast, click

[fangorn2] 05/3/2018 12:44

Changing the name to "reach"

Nick Ferrari's Disgusted Reaction When He Hears The New Name For Trinity Mirror

[cityconindex] 05/3/2018 12:16

Trading range and sudden drops is p""sing me off. When it breaks out sure it's going to be too quick to buy in.

[gfrae] 05/3/2018 11:27

I agre .all good apadrt from the New name. Makes me think of throwing up.(as in try to reach the toilet bowl).

[philjeans] 05/3/2018 11:03

Super cheap here; throwing off barrow loads of cash; debt virtually cleared; yield 8% and share price still in the gutter.

P/E 1

Just added 20k.