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yes looking forward to statement
however bad general times with inflation fears in the market
still looking good though regardless long term very good stock imho - recent bullish broker notes too
atb all
Interims and AGM tomorrow, going to be interesting to see what they have to say.
Vaccine cleared for teenagers.
From Bloomberg-
'The Pfizer and BioNTech shot was cleared for use by younger teens in the U.S., paving the way for mass vaccinations before the start of summer camps.'
The buses for the summer camps are a good source of extra income for nex.
Why the return of interregional travel in Spain matters-
From last years regional report- 'Overall for the year, passenger journeys were down by 44% in Spain, and were particularly badly impacted by restricted inter-regional travel on our long haul routes'
Spain-another of their key markets starting to return to normality.
'Restrictions were eased on restaurants, travel between regions, and on social gatherings.'
The bus contracts for Santiago have been delayed (following 'thousands of questions from bidders') so will will not find out anymore about that at the interims this week.
I think the sector is down after a few announcements by big companies that they would be moving to a “hybrid model” - essentially allowing more WFH and reducing the number of commuters travelling on any given day.
I think the effect of this on NEX is way overblown though, since this shouldn’t affect their operations on school busses; intercity coaches; or even intra-city bus services in the many cities they serve that don’t have a preponderance of workers who are able to WFH easily.
So like many others here I’m mildly frustrated at recent performance but very confident for the medium-long term
Thank the lord we've had a green day. Hopefully we can start pushing back towards the £3.20/£3.30 range as we head into May.
Nothing has changed, except that lockdowns are reducing in all of nex's markets as the vaccine role out continues.
I do wonder if the government will give them he 8 week notice that it is stopping the bus support scheme soon, but that only impacts on the UK bus part and will be compensated by the increase in work for the coach side.
I watched our mid morning rural bus go past today and there were more people on it than I was expecting, including quite a few elderly passengers. With most retirees either fully, or soon to be fully vaccinated and starting to venture out, that segment of their market is returning.
Whilst I think the long commuter trips often by train into major cities, in particular to London, will be a long time rebounding, shorter urban bus trips to work will recover a lot faster.
when you get nervous is the time to buy..
have patience. think about this stock in 2 years without covid.
my avg price is around 290p and im fully invested. happy to hold for a couple of years, but no doubt by this time nex t year there will be big gains from this price.
gla!
Is it just me or is anybody else starting to get a tad nervous about this sector?
What's really changed since a few weeks ago?
Circus