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Does anyone with a strong knowledge of the company, have a handle on any possible implications to the RNS today? Cheers.
Surprising that it's had no effect on the price so far
Dunn just keeps adding. He must have a plan and be confident.
He keeps adding to his holding. He must have a reason.... This is undervalued I believe and he knows it.
Perhaps he thinks the shares are cheap... Last two years have been a hard road. Lets hope he thinks the tide is turning
3rd purchase this month for Robert Dunn!
I wonder if the future prospects include picking up any forced sales from the proposed Stagecoach/National Express merger
Director confidence is good to see. They know the future prospects.....
Yes the directors have been regular buyers, the Dunns have increased their holdings by getting on for 600,000 over the last 2 years
The shareholder dealing here shows confidence... The last two years have been hard on bus operators but perhaps the tide is turning..
Seems the government has yet another new strategy Better Back Bus.. Jury is out .
Think the budget might be good for Rotala. Think public transport will get a boost.
Rns show some confidence. This is definitely a recovery stock...
I see this as a good recovery share. The move to franchise routes or sponsor by the Council may be quite profitable. Experience is that the tenders will be quite high. School transport is traditionally a licence to print money.. I added a few more to my Isa on Tuesday...
Boris wants to increase the use of buses. Suggest he looks at this because he could end up with none..
Excellent idea for Manchester City Council. Rubbish for investors in public transport. Will have to concentrate on school and jack up the price.
Anyone know why 14% surge today?
This could be quite a good recovery stock. Can move quickly..
Nice little bump today. Let's hope it continues. GLA.
Some good traction in the s.p. This should just be the start.I think the Bus sector will expand rapidly in the future as this mode of transport is environmentally friendly.Big future for this ready to expand company.
@pedro61- yes, an absolute bargain. load up and enjoy the ride...!
This is set to rocket! It has to be an absolute bargain given the great update today.
WOW 7p (30%) Dividend- This is a great buy - I am falling in love with this share.
Great investment... A new addition to my Portfolio.
In its announcement dated 16 November 2020, the Company stated that it expected that its FY 20 results were likely to be broadly the same at the normalised profit/loss before tax line as its unaudited half year results to 31 May 2020, which were announced on 15 September 2020 ("H1 results"). The Company can now confirm that this was indeed the outturn for the year and that it expects, subject to audit, to announce a small loss before tax of approximately £1.0 million (2019: profit £3.6 million). It also expects, subject to audit, to report turnover of approximately £76.0 million (2019: £67.5 million), up c. 13% year on year.
Bus operation continues to be regarded by the UK Government as an essential service. Since mid-March 2020, the Company has concentrated on aligning bus services with local requirements, reducing the costs of operation where possible and conserving cash. As previously announced, the Group's cash flow, both at EBITDA level and net of all debt, interest and other payments, has been positive since the beginning of May 2020 and is expected to remain so for the foreseeable future.
Net debt (excluding hire purchase debt) continues to decline gradually from the level of £26.6 million set out in the H1 results, and as at 30 November 2020 was approximately £25.7 million, down 3%. The amounts drawn on the Company's revolving commercial facility at 30 November 2020 stood at £16.2 million, unchanged from the position at 31 May 2020. Mortgage debt at 30 November 2020 was £6.27 million (31 May 2020: £6.3 million) and continues to fall slightly as repayments are made. Drawings on the Company's £6.6 million overdraft facility fluctuate according to the precise timing of the receipt of instalments in the Government grant package described below. As at 30 November 2020, the Company had drawn £3.3 million (31 May 2020: £4.1 million) of this overdraft facility. The amounts due to the Company at 30 November 2020 under the Government grant package exceeded the Company's drawings on its overdraft facility at this date. As previously announced, and as a consequence of these factors, the Company has not needed to take up any of the options available under the various Government-supported loan schemes and does not currently foresee any requirement to do so.
The turnover of approximately £76.0 million (2019: £67.5 million), up c. 13% year on year.