The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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When investing one does ones research on all given information by the company but if that information is flawed by one of the top auditors over seeing that company how can we ever feel confident with such failings !!
Thanks RKB. I know you are a very active investor and always making sure that any regulatory bodies are making sure that shareholders are kept informed of any changes that are made regarding the company.
What is the point of having regulations if they are not adhered to.
FCA Sanctions
FCA Sanctions Ernst & Young LLP (EY) & a Mr MH for their Audit of Stagecoach Group plc SGC EY fined £2.2 million Mr MH fined £70K
RKB
PS I do not know if my Post has been removed so I have re-posted and removed the Auditor’s name just in case that is why it was removed. We pay fees to the Audit Team, who are supposed to hold the BoD & Management to account. I used to be an Auditor.
https://www.londonstockexchange.com/news-article/market-news/sanctions-against-ey-and-mark-harvey/15110552
FCA Sanctions
FCA Sanctions Ernst & Young LLP (EY) & Mark Harvey (MH) for their Audit of Stagecoach Group plc SGC EY fined £2.2 million MH fined £70K .
RKB
https://www.londonstockexchange.com/news-article/market-news/sanctions-against-ey-and-mark-harvey/15110552
The market was pleased about the plans for Stagecoach to become a much more sustainable and green travel provider. Carbon neutral by 2050.
Source: https://www.stagecoachgroup.com/~/media/Files/S/Stagecoach-Group/Attachments/pdf/stagecoach-group-sustainability-strategy-2021.pdf
The value is still very low, 30% down from a few months ago.
See my post on Friday at 1053am - the historical factors did not add up and it looks like the market has woke up to it today -
does anyone got any clue about this price move today? Or just consolidation from last week?
Don't worry GS - employers will not want to be paying London Weighting to staff who aren't actually in London nor should they - people will start going back pdq when this happens as it surely will down the line - companies are in business to make a profit at the end of the day - I will be looking to add to my holding if this drops much more - I bought in at 74p back in December and sold 20pct of my stake mid 90's a few months ago so I will be looking to buy these shares back - the thing is when I bought my shares at 74p back in December the vaccine had only just been announced, so there was nobody vaccinated and there was mass furloughing - now most of the country is vaccinated and the furlough will finish in September, yet the share price is around 6pct BELOW what it was then - that does not make sense to me
gl dyor etc
On the one hand we have Boris Johnson pushing a green recovery - so you'd expect public transport to really benefit from that. And maybe it will (eventually) because hardly anyone can afford £30K for an electric car. Not to mention the fact they're crap. And impossible to charge if you live in the top floor of a tower block for example. Plus there's nowhere near enough charging stations across the country, plus it takes hours to charge the damn thing even when you do find a charging station. So there's a lot of plus points for the public transport sector.
The negative points seem mainly to be homeworking and the government's lack of enthusiasm to want to see workers back in the office. Quite the opposite infact, Johnson seems very much in favour of the continuation of permanent change in the way we live our lives, including working from home. Which is bad for the public transport sector and is the reason George Soros is shorting Trainline (he sees homeworking as the new normal).
My view is we need life back as normal. We've got the vaccines, we've taken all the precautions we can possibly take. It's time to say enough's enough and get life back to normal. No masks, no social distancing, no more lockdowns or restrictions. But above all, we have GOT TO GET homeworkers back in the office. It's killing the transport sector and even retailers who rely on the busy lunchtime trade are noticing a severe impact on trade not having those office workers in buying their lunch.
You get the feeling this country is not on the right path whereby we can all enjoy a full and rapid recovery. Hence why so many stocks are lagging with little enthusiasm generally in the markets. Sort it out Johnson.
The rally stopped after the founders sold 2% with the intention to sell a further 20% over the next 10 years and the bear phase started. Are customers back in the buses? I understand SGC is still on some gov support ( though a good thing).
Back in the 60’s , did not think we would see this
Only one depot in wales though? .Bus services increasing though.
https://www.wiltshiretimes.co.uk/news/19491623.stagecoach-west-lays-extra-services-passenger-numbers-increase/
looks as though it may be a couple of rough weeks coming up a lot of the garages now voting for strike action over pay deals.
yes it will go back up to pre covid levels, no dilution either.
Am surprised it is so cheap but I have faith in this stock.
Always amazes me?! More sells than buys and a big positive swing?
topped up after account show 11% rise in travel from last month by a good source in perth
Hey Chris - I am still here matey! - made a huge mistake pitching a buy order to add too low and I am now paying for it - took 20pct of my stake off the table in the 90's but should have added a few weeks back, never mind - I am in this for the long term and resumption of dividends - going north long term imo so a no brainer hold for me
gla dyor etc
- Positive profit before tax
- Reduction in net debt from £352.1m to £312.6m
- Over £875m of available liquidity1 as at 28 June 2021
- RSI @ 47
- Price Target: 111.00p ((46.05% above Price / 10 brokers)
Looking attractive to me. Cannot go too far wrong at this price.
Still here, I hold my shares for 12 months. Looks like this might be one of my losers but you can't win them all.
Still here holding with an average of 77p
I work as a driver in the north west and passenger numbers are on the increase every day didn’t expect this to be a quick turnaround share
Nelly, that view is very short sighted, loads of cities are making it harder for cars to drive into the city, either with congestion charges, or bus/taxi only lanes, or expensive car parking. Buses help the government hit their emissions targets compared to everyone driving cars, so will continue along this line for the future, even more so once SGC move over to electric buses.
This is also compounded by the fact that people are getting fed up with COVID and now infections are coming down, and masks are no longer mandatory, people will be back on buses.... just look at the undergrounds literally the day after mask rules were removed.
Nelly, your lucky you and all your friends have cars and can drive, Many millions cannot and don’t want to! The Populations growing, congestion charges, parking charges, LEZ charges all going one way. Govts know good public transport is essential to reduce pollution and congestion so it has a massive future.
I do agree the operators need to raise their game tho! GLA!