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Well this is a s---e day isn't it.
Certainly sounds positive thanks for the views .. shall hold to 300-310
Hey Morgan22, I do, yes. However I do think you could pick any of the travel & leisure stocks from IAG to SSP and they will serve you well through till late May, as they did last year. Why I chose this stock to go big on back in summer 2019 where I accumulated heavily < 150, its because of its strengh within sector, decent balance sheet after the initial raise and the fact it has recovered quicker, with less risk than say an airline. My interpretation of this being a number of broker 'Top Picks', is that brokers take a similar view. The new CEO, Ignatio, has also brought with him an attention to detail of processes that has also greatly streamlined the business, on top of already detailed cost restructuring driven by group FD Chris Davis which by my rekoning, should bring some decent results in early March. Most contracts are paid regardless of passenger numbers, especially in the US and although wage and fuel costs have gone up, the fuel was hedged and the market was already warmed up to the fact wage costs were up, especially in the US during the last round of results. Contract wins have also been mooted, however no solid news on these has yet been detailed to the market so I would hope this to land some time relatively soon. Hope this helps, and I do genuinely expect NEX to back above £3 by mid March, if not sooner. ATB, C
Highflyingman - would be interested to hear your views - do you think this will be up above 300 by spring? Thanks
Building a base.... 3 weeks in the 255-265 range now.... and you know what they say? 'The bigger the base, the further in space!'
My money ( metaphorically and actually) is on the same play book as last year with a good run starting at the end of Jan through to April. Have a good weekend all. C
Last market update reported 85% of pre-pandemic revenues in June, lots of efficiency savings and business processes improvements to make the business more streamlined. Strategically heading on the right direction with green mass transit, a good few brokers sector 'top pick'
...and I could go on. Personally, if you compare the sp to pre-pandemic, even with the dilution, the current sp is about right, if not 10% below where I think it should be. C
Yes, I have been surprised it has held up as well as it has.
There was an article in the Times about how they are currently trying to manage staff shortages in the UK, a comment at the end “We’ve enhanced overtime rates as well, as has been the case across the industry.” indicates that it comes with a cost!
School closures in the US have dropped a bit in the past couple of days and there does appear to be a far greater desire to keep them open come what may this time following the NBER report -
'We estimate the impact of district-level schooling mode (in-person versus hybrid or distance learning) on test scores. We combine Spring 2021 state standardized test score data with comprehensive data on schooling in the 2020-21 school year across 12 states. We find that pass rates declined compared to prior years and that these declines were larger in districts with less in-person instruction. '
I just think that investors are beginning to look through this now and can see a return to normality. Last year indicated that passenger numbers, whilst not up to pre-pandemic levels, did bounce back to a commercial level quicker than many may have predicted.
Guardian had an article up about bud services struggling in the UK. Sadly, numbers have dropped from 80% of pre pandemic levels to 60%. That, mixed with increasing US numbers could spell trouble. Though, I (hope) many will see we are at the end of lockdown madness and considering where nex sp was last year - I don’t see how a 250p SP can be justified. Nevertheless, I am more than happy to see fhis rocker or drop down - as I’ll just top up again and slice on the way up - third times a charm!
"Think you spoke too soon there mate. "
I know! Talk about bloody jinx it, eh?
Some scientist wrote a tweet we need to stop giving them names that sound like a “Transformers” villain. haha
'deltacron' is looking like it is going to be a lab error according to many scientists that have looked at it and doesn't really exist. Time will tell
Think you spoke too soon there mate.
Terrible afternoon drop. Very frustrating. I was going to slice at 263p, but I’ve been slicing on the way up and only have 50% of my original holding left so thought I’d let it run. Oh well. Back to topping up sub 230p *wipes tear*.
In all seriousness, only a matter of time before we knock on 300p!
Driving immediately from the open. Hopefully 'Deltacron' is kept in that Cypriot scientist's drawer and we can all move on....