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Completely disagree livepari, the worst time to announce this would be once the share price has recovered to pre-covid levels, only to crash again. This will have little to no effect medium term and once NEX, Go Ahead etc are back in favour we'll be rising with them again...
I can't see any fundamental changes, there are murmerings of interest rate rises, but given the base rate is 0.1% I can't see that the actual borrowing rates offered to companies will change at all. It is a little disheartening to see it close down 2% every day when it is a solid company with travel about to pick up.
Livepari4 ,Over a ten year period. The company has remained the same after they sold there 1st lot of shares. Nothing has changed or can someone tell me differently . Surely has to be a over reaction
Not many would want to buy a stock if the owners themselves are trying to come out of it by selling their stake. They have been given bad advice. Timing is also bad. They should have waited for Covid recovery to be over.
if you had a million shares would you sell at a low or high price earning 100 million top price or sell at low price 70 million no brainer to me so why would they seriously sell at a level lower than average.
I hope so. I also think we may see a bounce as 17th May looms. There has been a tranche of good news over COVID infection rates, R rates, efficacy of vaccines etc, pointing (hopefully) towards people commuting/travelling again. I hope (as a holder) we'll see an overall trend of growth in the medium term. Owners wanting to retire after 40 years is not unreasonable and the company's balance sheet didn't disintegrate at one minute past eight. It seemed an over reaction, and the shares were bought for 94p, so that is not an unreasonable target in the short term. IMO DYOR
On the 5d chart, yesterday's lows of £0.84 @ 08:00 and £0.8590 @ 16:00 may possibly mark the bottom of the recent decline? And the beginning of a reversal/uptrend? The price is currently over 20% down from the recent highs - due entirely to a bit of profit taking (including by the founders). Important to remember SGC is a fundamentally strong and resilient business that's in a great place financially and strategically to really capitalise on Boris's green agenda, as the country continues to progress on a cautious but irreversible roadmap back to normality.
To be frank everyone on these bb talks absolute nonsense..... I enjoy reading this one though as the garb keeps pouring out.... and working for the company you get to see the reality....... and it ain’t nothing like what people on here are thinking nor what we are being told...
Chri55 has been filtered by me for a long time for this reason. Bored of seeing his rubbish
This used to be a good BB until CHRI55 turned up. I have never seen so much Bull ****e posted by just one person. When he sells he de-ramps and when he buys back in ramps up thinking that we will all take notice and do like he says. I had the privilege of being called an idiot by this person who last brought in at £1.00 a share so is down over 13p a share. My average is 59p a share so i am well in profit. " Not Bad For An Idiot" I don't come on here to gloat, ramp or de-ramp but to give an honest opinion from a Bus driver of 19 years working for Stagecoach. The SP has dropped to a more realistic price after shooting up from 32p to over a £1 after the vaccine news but I honestly think that once the loadings go back to normal, hopefully mid June that we will be back to over the £ mark once again and next year the return of the dividend will push the SP even higher. As I have stated before, these shares are for my retirement in 4 years time so I don't really think this is a ramp from me just my opinion as I get tired of reading crap from certain posters on here. I am in no rush to sell them. Unless CHRI55 advices me to of course.
It's worth noting that SGC, NEX and GOG have all followed near identical trading patterns over the last 5 days or so. So the decline isn't unique to SGC, I think the transport sector (amongst others) has just seen a bit of a sell off after weeks of rises. Stages 3 and 4 of the roadmap should both be welcomed by the markets and those milestones aren't far off so really not long to wait before shares more widely begin to move back up again.
PROSCONS, why are you "locked in", you are allowed to sell at a loss.
Thanks, crazy that it does not just go on the value
Just to understand, those sales of 7 shares will that bring the price down as it’s trade regardless of the amount that trade was worth? Sorry if a stupid question..
This is getting depressing now...
Anybody know why the share keeps going down?
Correct GS - also London Weighting will be stopped altogether if people are working from home - no need for the employers to pay it -
dyor etc
Was expecting a blue day. Holding tight
And if you live in London it feels a lot safer to be on well ventilated bus in the open air rather than on the Underground.
A number of big businesses including the banks are saying they won't continue to support home working as restrictions lift, that they want their people back in the office. More and more people will be commuting again soon as normality slowly but surely returns. This, together with the end of social distancing possibly as early as June 21st, I think pretty much guarantees shares in the public transport sector will continue to ramp up as this year wears on.
Currently in London double decker bus's are only allowed maximum of 30 people on board and single deckers 15 max until we have an announcement that normal passenger levels are allowed to go back to normal only then we may see a significant rise in sp as that would be a sign that things are going back to normal.
I'm not overly concerned myself. I'd topped up and got an average of 79p so I'm still up. I know that some here are in at higher averages, but I'm not selling. Happy to stay in here.
The prospect of huge UK growth forcing interest rates to rise is imo weighing on SGC atm along with a lot of UK stocks - I personally can't see rates rising anytime soon but while ever this sentiment is lingering it will put a hold on things here
dyor etc
I bought recently in the hope the sp would hit the recent peak of 1.08 again quickly then sell gaining a neat profit....However since the founders have decided to announce their retirement and sell this has spooked the sp. Albeit 25% over 10 years (now 23%) does seem an oversold knee jerk Market reaction but the sp has not recovered still despite the encouraging news re Covid.
Im thinking that as the sp pre Covid bounced around 1.25/1.65 then crashed to the 40s and now we sit at 87 the Market deems that is the true value particularly as the aforementioned decided to sell at 94p ( clearly not expecting a full recovery anytime soon this year and sell above £1 at least) thereby putting a ceiling on any near term rises.
Maybe in June the sp may gain confidence but SGC along with the other rivals also need to prove they can survive and operate again without Govt support which if i remember ceases 8 weeks after the removal of all restrictions . I think Im locked in for a while here .... a long while unless I can confidently average down safely (Plan B) or a pleasant recovery occurs soon but i am not holding my breath for the latter. Just my thoughts