Looks like MMs sneekily triggerd AT
sell stops earlier this morning at level
just under support.

Certainly buys are now dominating as they
were before the MMs actions.

Bullish article on ample 'week ahead'.

Panmure Gordon Buy rating.

Results Thursday.

TNI TRINITY MIRROR

SORRY BUT THE TECHNICALS LOOK TERRIBLE
HERE AND CAN ONLY SEE THIS DROPPING
FURTHER.

Trinity Mirror is just about the cheapest company on the market on prospective and historical P/E and price-to-cash-flow. At 28p, brokers' expectations for the current year place the shares on a P/E of 1.2! But net debt of £221m makes the P/E more like 4.9 against enterprise value.

Trinity publishes five national newspapers (including the Daily Mirror, of course), over 130 regionals and over 500 digital products for advertising and so on.

Trinity managed to reduce its debt last year by almost £45m due to strong cash flow. Also, the group's freehold property currently valued at £177m may be worth more in practice. If you think newspapers have a viable future, Trinity looks too cheap.

31.00

+4.50 (+16.98%)

Good rise today it did look to cheap.

http://www.moneyam.com/action/news/showArticle?id=4420318Half-Yearly Financial Report

for the 26 weeks ended 1 July 2012



Key Highlights



Commenting on the results for the half year, David Grigson, Chairman, Trinity Mirror plc, said:



· Operating profit (1) up 11.5% to £52.5 million and earnings per share (1) up 23.7% to 14.6 pence

"We have increased operating profit and earnings per share despite a revenue decline of 4.0% to £356.0 million due to the difficult economic environment."



· Continued focus on profitability of our core print assets while investing for growth

"We increased the profitability of our core print assets and we are continuing to invest in the technology led transformation of our publishing capabilities and in new products and services across multiple digital channels."



· Strong cash generation and a reduction in net debt (2)

"Operating cash flow remains strong with net debt reduced by £40.3 million to £180.9 million since the year end. We made a repayment of £69.7 million of maturing private placement loan notes and our leverage (3) continues to fall rapidly from 2.3 times at December 2009 to 1.3 times at June 2012."



· Outlook

"Although the trading environment is expected to remain difficult, the Board anticipates that through strong operational management and the benefit of a fall in newsprint prices for the second half, we will deliver an outcome for 2012 which will be ahead of current expectations."

UP 20%, one I have read right for once. :-))

Cashed in.

Nice one!

Thanks skinny, we all need a few more like this. :-))

Two more tabloid newspapers were dragged into the phone-hacking scandal tonight with the former England football manager Sven Goran Errikson among four people intending to sue the Daily Mirror and the Sunday People.


The former nanny to David Beckham’s children, Abbie Gibson, has been joined by Coronation Street actress Shobna Gulati and the former Blackburn Rovers captain Gary Flitcroft in seeking damages at the High Court from the People.

Mr Errikson’s action against the Daily Mirror could prove the most damaging to the owners of the two titles, Mirror Group Newspapers, given that it relates to a period when Piers Morgan was serving as editor.

Mr Morgan, who was sacked as editor after his newspaper was found to have used faked photographs of British soldiers abusing Iraqi prisoners, denied any involvement in phone hacking after he was implicated during the Leveson Inquiry by high-profile figures such as Jeremy Paxman.

Although neutral on this stock
surely its a brilliant time for
holders to stock up on the cheap??.

The reaction seems well overdone to the phone hacking.

Tempted to buy some myself on this fall. Dont know anything about newspaper business but looks like one hell of a over reaction.

Finger poised over the trigger.

Lifted from across road.


mechanical trader 23 Oct'12 - 11:41 - 4542 of 4543 edit

TNI Trinity Mirror......

Just out......

23 Oct Trinity Mirror PLC TNI N+1 Singer Hold 63.88 71.75 70.00 70.00 Reiterates

70p SP Target.

mechanical trader 23 Oct'12 - 11:42 - 4543 of 4543 edit

TNI Trinity Mirror.....

And another one.....

23 Oct Trinity Mirror PLC TNI Panmure Gordon Buy 63.88 71.75 90.00 90.00 Retains

90p SP Target.

Trinity Mirror says has not received phone hacking legal claims23 Oct 2012 - 11:43

LONDON, Oct 23 (Reuters) - Trinity Mirror said it had not yet received any legal claims over allegations of phone hacking. "We note the allegations made against us by Mark Lewis in today's papers," the owner of the Daily Mirror tabloid said in a statement on Tuesday. "We have not yet received any claims nor have we been provided with any substantiation for those claims." On Monday, Lewis, the lawyer who led phone-hacking cases against News International, filed legal claims against Trinity Mirror on behalf of four people, including the former England soccer manager Sven-Goran Eriksson. [ID:nL5E8LN2L6] Trinity Mirror added that all of its journalists work within the criminal law and the Press Complaints Commission Code of Conduct. (Reporting by Rhys Jones; editing by Paul Sandle) ((r.jones@thomsonreuters.com; 44 (20) 7 542 4166; Reuters Messaging: rhysl.jones.thomsonreuters.com@reuters.net)) Keywords: TRINITYMIRROR

EK said that this was undervalued months ago...was about 37p at the time.....wish I had taken more notice...65p now on a drop...

brokers on side

Date Company Name Broker Rec. Price Old target price New target price Notes

23 Oct Trinity Mirror PLC Panmure Gordon Buy 65.38 90.00 90.00 Retains
23 Oct Trinity Mirror PLC N+1 Singer Hold 65.38 70.00 70.00 Reiterates

65p still too high to step in, once hacking gets into gear, this will go to 30p.

Good positive start.

Another good short... hacking news gaining pace.