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spindock. I am a SGC driver in a SE London suburb. My passenger numbers are back to pre-covered very busy. As far as I know our driver assault screens will still have the speaking holes covered, I guess in the country they don't have those. 90% of our drivers don't wear face mask in the garage as they are supposed to and i have now joined them after having both jabs and it not being compulsory come Monday so we don't seem to be so concerned here about the virus. It will be interesting with the passenger numbers come Monday but I think nothing will change. People who wore masks before they were compulsory will continue to wear them and everyone else wont. The SP has plummeted over the past 2 weeks for no apparent reason and like yourself I have no intention of selling anytime soon, in fact my garage along with many others near me have started the ground work for the new electric buses we have some coming very soon to our garage and I can see in the near future the government discouraging the use of cars by more so called green taxes on them and encouraging the use of public transport.
The share is now only a penny above what it was on the 1st Feb when the country was in a mess - implying that the share is in a worse state now than it was then is just nonsense - I have a large holding here accumulated from the mid 70's but sold around 20pct of that at 95p - I will add to my holding if this falls much further - gla and dyor etc
I hold some of these and also of Rotala. The last 18 months have decimated both sp's. The problem is that the government went out of its way to discourage the use of public transport. It did give financial support however. It will take a long time for the passenger numbers to recover. Those I have spoken to have to use public transport. For whatever reason they have no choice. The new strategy in Manchester is still to be agreed and is some way off. My own experience is of more rural routes and they are struggling. I do not intend to sell any shares in either but sadly I have now accepted these are a long term hold. Not enforcing the wearing of masks is scaring a lot of the current passengers and some of the older drivers I have spoken to are thinking of calling it a day. That would to be a serious situation. I hope though at some stage the powers that be realise their mistakes. Once more it is ask the passengers what they want then tell them what they get.
I'll be honest, I am bewildered by the falls over the last week and I think it is an overreaction. I am a holder, I did think about bailing when it fell under 80p but I'm just going to hold and forget for the timebeing. The company's fundamentals are sound. it seems sentiment and an overreaction easing of lockdown restrictions (or changes). It may take a year or two to get above 100p.
Actually Chris, shorttracker shows anything over 0.5%, SGC had 0.33% which it may move the SP a little, but not large enough quantities to move it or affect it this much. At least read the website before posting your garbage.
Disclosed positions in STAGECOACH GROUP PLC (SGC)
Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero.
GLG Partners LP 0.33% 8 Jul 2020
So show us the facts to support your throwaway comment, you are the resident muppet on here.
The sp can't be going down because of just lifting of restriction on masks and social distancing that would be a silly reason imo. Lifting social distancing restrictions would mean more people on buses more Revenue more profit back to some sort of normality. Masks aren't being banned so people who are still worried and feel unsafe can still wear their masks on transport and i believe most people on public transport will still continue wearing masks as they will be sitting so close to each other people are still scared of the virus. Most of the country have now had their first dose of vaccinations and every week millions are getting their second dose, it's been over a year now and like boris says things need to get back to normal sooner or later.
Once again another post from Chris without research. SGC hasn't been shorted since Jul 2020
https://shorttracker.co.uk/company/GB00B6YTLS95/
Why is the sp going down ?
Not enforcing the wearing of masks on public transport is showing a complete contempt for bus drivers well being. There will be many who will no longer travel on buses and I can see serious rows between those who seek to cut risk. I remember the drivers strike of HGV's in the late 70's. If bus drivers and lorry drivers decide to walk out it will make the miners strike look like a childrens tea party. The country at most could survive for a week ....When the tanker drivers walked out I remember just scared the government became...
You meaning re lockdown or something specific to buses?
There’s a lot going on with both so no I think it’s a fair question as I’m not in your head
What’s decided on Monday?
Not sure why my GOG and SGC shares surged after the RNS announcements this morning and have now gone in the red.
Already doing it.. started 2 weeks ago
There’s a reason of driver shortages... most of it is down to poor pay, poor work shift patterns... oh not forgetting the bullying culture which is rife at my depot and if you read the driver reviews on the indeed website bullying is rife in lots of depots...... says a lot when on their employee website blink... every Monday without fail management will do a posting about financial wellbeing which is all referring drivers to debt counselling agencies.... employers would only do that if employees are poorly paid..... And then they (management) have their monthly blast about mental health.... so they no there are major issues... but do zilch to deal with it... union is all but useless... but bullying is a major issue and a reason why both drivers and controllers are leaving or hard to retain.......
With tens of thousands of positive cases every day and the associated close contacts do you not think that has a bearing on bus driver availability?! Especially as the govt would like us to believe public transport is a Covid breeding ground!
Anyway how you doing Moonman, not heard much from you on here since the SP was 36p and you reckoned it was apparently valued at minus 24p!
Got that a bit wrong buddy but all the best!
This isn't just SGC, other bus companies are very short staffed as well. Both drivers and engineers, resulting in more breakdowns
Does any one out there know Why is the pre tax profit is less than the post tax figure in the last two years figures , Has there been a big tax refund ? I was looking in the SGC Fundamentals
True but all yesterday's gains wiped out. Classic pump and dump.
Something not right. Mms playing games.
Hey days are coming for public transport in the UK, there's no other way. SGC, FGP and others I'm expecting to go within a year 100 % up
As i said b4 not many company's are rolling in cash through the pandemic so this is no way nere as bad as expected onwards and upwards in my opinion. gla
Bus operator Stagecoach said it is planning for a future where there is a mix of home and office working and a more diverse use of transport for individual journeys.
After announcing a sharp fall in profits and revenue, the company said it remains difficult to predict the level of profit for the current year.
“We expect a reconfiguration of demand within local transport networks,” it said in a statement.
“Prior to COVID-19, around 23% of bus journeys outside of London made by residents of England were for commuting and business.”
However, it said buses are less reliant on commuters and business travel than some other modes of travel.
“We see an overall net positive opportunity as government policy, changing consumer attitudes, health drivers and climate change targets necessitate less use of cars and more use of sustainable public transport and active travel.”
No nasty surprises in the results. Still turning a profit, and debt seems more than serviceable. I hope to see 100p+ before the end of the year assuming travel returns to anywhere close to normal levels. Furlough scheme ending soon, freedom day around the corner. IMO last chance to buy in low. (My current position: I hold approx 19,000 shares bought at an average of 87p as I've topped up over last few weeks).
Great results! This SP is still half the pre covid level but expect a bounce from today. GLA!