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National Express services from Bristol to London will double as demand increases
First double decker electric bus fleet launched by National Express and Zenobe Energy in Birmingham
Back up and over 200 soon ??
I really didnt think the sudden share price drop in recent times has anything to do with NEX operations for it to change that dramatically.
As explained below where I have marked sentence "***" to highlight the relevant bit of information.
".K.-based bus and train operator First Group (OTCPK:FGROF) (OTCPK:FGROY) surprised the markets by announcing its final results on Wednesday raising a question mark over its future ability to continue as a going concern. ***That has led to a rerating for other stocks in the sector***, which I regard as a good entry point for Stagecoach (OTCPK:SAGKF) (OTC:SAGKY)
https://seekingalpha.com/article/4357693-stagecoach-is-not-first-group-attractive-entry-point
Today, from our County Council, about refund of school season tickets for those who purchase one through their discount scheme.
'The situation is complex because of the nature of how we subsidise the schemes and how
people choose to pay for their pass. Consistent with Government advice, we are also
continuing to pay bus operators to protect future services, meaning our costs to provide this
scheme have not reduced. '
Detailed and fair summation.
I'm tempted to buy back a small amount.
The drop to 66p was all about whether it would go bust. Once it was recognised that 50% of its income was from contracts and that, as it is an essential service, the governments of the regions it was operating in, would underwrite some of the costs, then it rerated. This was backed by several rns's detailing the companies finances followed by a placing which provided further capital.
I think that the recent fall is a mix of , 'risk off' because of the covid situation in America, the departure sf the very good CEO (and the sale of his shares), plus some profit taking.
Yesterday I had a survey about transport to school for my kids for the next academic year. It started with '70% of the children travel to the school by bus's - and therein is the reason that nex will get through the next year and covid and then resume its trajectory.
The school were concerned about enough students being able to get on the busses with social distancing, but at the same time were trying to discourage parent driving them as the roads are clogged already. However, in practice, walking/cycling is not going to significantly increase because of either the distances, or safety. Many parents are also working so dropping off is often not feasible. This is going to be the same in all of the countries nex operate in. They will want the kids at school, buses are the only way many can get there. I can see the social distancing rules being watered down for school buses, if that is what it takes to get them into school.
@jazz_01 **I expect consolidation in the sector with the weaker firms going bust, the stronger ones like NEX who have monopoly/market dominance will come out stronger post covid and this will be back to 400p (even when considering the dilution) in my opinion.**
...Agree, NEX have got ties with government and TFL so they are covered and looked after.
**Though there was so much money made from 60s to 270s, a lot of profit taking made....**
I think the selling recently is due to the sudden share price increase from the extreme lows to the exaggerated highs. Short traders had enough now and cashed out. That's impacting the current share price currently.
The actions of these traders isn't a knock on effect based on NEX activity on the ground as not much has gone on apart from the CEO depart, which I doubt resulated to the extreme sellling that much. More due to short selling.
If anything positive news...news just in from above...As of Monday majority of drivers at stansted are being taken off furlough to accommodate the demand of air passengers due soon.
I agree the share price should be lower due to the risk of 2nd wave + current social distancing measures however the price is so far below the 400p it was at pre covid i still think this is at bargain prices and have been topping up...ive been in since the 60-70p lows.
I have to admit the 270p price was to quick, though hurts seeing 100p knocked off the price in a month!
Either way still a strong buy/hold for me.
I expect consolidation in the sector with the weaker firms going bust, the stronger ones like NEX who have monopoly/market dominance will come out stronger post covid and this will be back to 400p (even when considering the dilution) in my opinion.
Though there was so much money made from 60s to 270s, a lot of profit taking made....