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NEX will need to pay over .4 PER share now, forget the .36
Forgot to add, on low 10 times multiple this should be 54% higher than it is today
Profit 25% higher than expected and still on the up
Yep results sound good to use lets see what the market think. Hope its an another up day
Gla
Passenger numbers up another 10% over past couple of months, bodes well
Analysts expected profit of £25m, SGC posted £32.9m, impressively debt down a significant chunk. Won bid to run buses for the games in Birmingham and bidding to win contracts in Dubai.
Markets are gonna love this
Strong results :)
Stay positive Chris :)
Hi. I’m interested in what the point you are trying to make.
Holders here ( including myself ) are just interested in which way their relative share value will go, up or down, and the income by way of dividend it will return.
Whether the share price is under the banner of NEX/SGC , Sgc or whatever the combination . I presume you agree that Nex may make an increase on the fraction of a nex share Sgc holders will get on the merger.
Does nobody understand the different between merger and takeover on here.
Very good point indeed. Nex won’t have an idea what the year end accounts look like but they may have a better idea of more historic financials
Starting to move now!
I am beginning to wonder if NEX have deliberately delayed proceedings here to see exactly what SGC come up with in tomorrow's results so they can see the lie of the land as it were and if the strikes have had an impact on earnings, maybe in the hope they have had an impact, and they can then negotiate the final offer price down - the results could be huge tomorrow for SGC - if they are good then they are in the driving seat in terms of dictating the final agreed offer price, and if earnings still hold up I believe this would also encourage new bidders into the frame -
dyor etc
I was kicking myself when it hit 108 back in April time, got greedy holding for 110. Just getting itchy feet after holding since March 2020.
Hopefully we hear more new tomorrow.
There’s obviously no crystal ball, but if takeover/merger comes off, all or some of what people have stated may well happen , but there is no doubt The new NEX& whoever group will have a massive, varied established organisation that has the scope and potential to rise very sharply in the mid term ( depending on travel restrictions etc ),
I would be disappointed if sgc shareholders don’t a have an equivalent share value of over £1 in the early part of next year and no reason why sgc holders couldn’t have the equivalent values of around £2 , as seen in the not to distant past .
I am however in a positive mood, like most are when share is on the rise.
Good luck shareholders.
As a general rule of thumb, it’s physchology based, price rises dramatically day one, followed by small sell off end of day, then the hype starts (watch this board) morning of another rise and then profit takers come in…if there’s another rise after that it’s because of news of other bidders coming in
Often the price will rise 2-5% above the offer price as big investors (typically hedge funds) expect a higher second offer or offer from another party.
So money to be made at different stages. Best advice is don’t sell up on first day because you be kicking yourself at lunch time the next…
That all depends on your own poiMr of view. So you see value in the new larger company? Are you looking for growth value? Everyone invests in any company for different reasons. I'm in here because I like the company and because of historic good service from them.
Others of course will have their own reasons for holding.
First time being through a possible takeover.
I only have 1042 shares but would it be better to sell on an announcement or wait till the takeover? For example are getting national express shares going to be worth a notable amount more.
RS2002 fair point, you’re probably right
It’s odd that a company with a takeover hanging over its head is not holding over 80p where we started. Guess the city don’t think it will happen
The price rise is fuelled by the recent news that the new Omicron variant is rapidly replacing the much more deadly Delta mutation.
Experts are stating that the Omicron variant is much more contagious and dominant than Delta, but also much milder and less deadly.
Hence leisure and travel stocks are moving back up.
Source: https://www.cityam.com/from-covid-curse-to-blessing-coronavirus-experts-relief-grows-as-extremely-mild-omicron-variant-rapidly-exterminates-much-more-deadly-delta-mutation/
Surprised no announcement this morning, time is running out. If private equity were genuinely interested then bidding war about to happen if NEX don’t proceed. Given this is taking ages and due diligence taken three months surely this is a no brainier, they wouldn’t waste all this time
Good point re FirstGroup, that’s two other potential suitors
JCB………maybe FGP to come aboard with a counter bid at the last minute?
FGP up 13% as well, some thing happening ,maybe boredom has set in on the new Omicron variant as all travel is up
Interesting move today.
Def takeover talk again. Nex not up like we are. 0.36 shares at £2.32 puts us up over 80p, so it’s a mild re rate. Reckon the takeover news wil be announced tomorrow at 7.00am
Or.... more than likely, its due to the news about Omicon being mild and the whole travel sector is up, from hotels, to buses, to airlines.