BUZZ-Trinity Mirror: rallies on in-line update
** British Newspaper publisher Trinity Mirror (LSE: TNI.L - news) +4%, among top 10 gainers on FTSE Small Cap index & bouncing off lows last since in 2013 as estimates H1 results in-line with expectations
** Liberum repeats "buy", says newspapers proved important as advertising medium during EU referendum campaign days with large influence on voters & sees Brexit-related news boosting circulation
** Stock down c.26% since Thurs' close to 87.50p & trading at c.80% discount to StarMine Intrinsic Value est (Liberum says shares look very cheap at c.2.5x FY'16E P/E)
** Co, which gets 45 pct revs from print circulation, posts H1 lfl revs -8%; says taking necessary mitigating actions given increased uncertainty due to UK's decision to exit EU