Trainline PLC owns a good market share in online train bookings.

Trainline PLC is an independent digital rail and coach ticketing platform. It sells tickets through its website, by telephone, and through its mobile app. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Trainline was set up in 1997 as part of the Virgin Rail business. It started selling train tickets in 1999. It has evolved over the years by buying up competitors and entering new markets. It tried to list its shares on the stock exchange back in 2012 for a price tag of around £400m, but there were not enough interested parties willing to pay up for it. eventually, the company went public in June 2019 at £3.50 per share, at the peak of its price the stock has reached £5.58. Trainline is a company that holds a good market share in the UK are roughly 53%.

Trainlines' 2019 financials are okay. Current market capitalisation is £2.23bn with 2019 revenues at £261m. Ticket sales came in at £3.727bn. The company took a loss of £80.9m in 2019. In 2018 they only lost £13.6m. Cash on hand for the company is £92.1m. Trade and receivables are also good at £52.07m. Total assets for the company are strong at £532.3. Total liabilities for the company are £372.9m. This gives net positive assets of £159.4m.

From a technical standpoint, the shares show a negative bias. MACD trends down and the chart trends in the outside lower Bollinger band, which is very negative. RSI gives fair value 37 but the shares are approaching oversold quickly. Support levels sit below at £3.51 followed by £2.73 and then the lows of £1.87. Resistance sits at £4.91 and £5.31. A break above £5.31 could take these shares to all time highs.

The trainline is mixed. While the company does own a good market share, it has yet to prove it is profitable while being on the stock market. Further, technicals do indicate more downside, however, this could be ending soon and oversold conditions are not far off. From a financial aspect, the company is in an okay position with the balance sheet but 2020 is going to prove catastrophic for train journeys are thus revenue will be hit hard which will cause losses. It could take Trainline some time to build up, however, the company doesn't have a viable competitor in the UK yet...