Stay in trainlining

If you think that Labour's plan to renationalise the railways is completely barmy (it is) with no chance of success, I advise punters to ignore the opening moves since this failure will take little time to emerge. There are fears that Trainline (TRN) will suffer as its privatised service gets usurped. But the probability is that TRN will survive and thrive.

TRN are still buying in their stock - yesterday they paid 270p for 170,000 shares - so it is not a joke purchase. I cannot claim that there is no risk of losing money here. But, on the balance of the probabilities, it is a good wheeze.