Morning all!

Quite quiet news wise this morning...

Trinity Mirror ( Trinity Mirror (LON:TNI) ) – 69.8p – £190.9m – PER 2.05

Trading Update For The 12 Months To End December 2017 – Board expects FY Adjusted Results to be marginally ahead meaning Group Revenue will be down about 9%. Print is almost but not quite being supported by growth on-line. Net Debt circa £10m, seems to have almost halved. Pension Deficit expected to be £378m, down £88m. Final Dividend of 3.55p per share proposed – This, together with the Interim Dividend, gives 5.8p per share (a 6.4% increase). Outlook in-line with market expectations.

So cheap! But there’s that Pension Deficit and the terminal decline of the print sector (although on-line is almost compensating now). That 8% Dividend is well covered and looks like it’s going to be maintained. Looking a little more tempting here.

Just noticed they're trying to buy Northern & Shell's publishing assets (the Daily Express, Sunday Express, Daily Star and Daily Star Sunday plus OK!, New!, and Star). Not sure if that's a good or bad deal - Anyone?

S & U ( S&U (LON:SUS) ) – 2200p – £263.8m – PER 9.43

Trading Update For The 12 Months To End January 2018 – “Trading remains strong and in line with expectations”. Total Dividend this year will be 60p (52p 2017, 43p in 2016 and 36p in 2015), impressive considering it’s also reasonably well covered.

Still like this and it’s still on my Watchlist, 2000p.

A great weekend to all!

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