It is no surprise to see Mondi (MNDI) shares up over 6% today after its positive trading update out after the close yesterday. I am a bit of a fan of both Mondi and its rough peer DS Smith (SMDS) as mentioned about both of them back in March, but a FTSE 350 name I’ve not been a fan of is Trainline (TRN). So why has its full year numbers today pushed the shares up by nearly 5%?
I used to use Trainline (TRN) a bit in the two or three years before the world of COVID-19 emerged, probably more from a convenience perspective than potentially saving loads of money when booking a train journey. Like many people though, I have been on way less than 5% of the train journeys I historically would have been on during the last 20 months. Maybe it might be less than 10% of the 2019 journey norm next year, but suffice to say Trainline should not be getting too excited.