Stagecoach Share Chat (SGC)

"looks like we're about to hit my limit buy price of 47p"
CrystalBB, I assume your all over this now?!

What is going on here, Good Public transport operators can surely not continue to perform this bad? Bus pax numbers increasing weekly, continued funding from Govt, decent annual results yet SP continues to plummet, doesn't make sense even with COVID spikes...

2reincarnated have to agree. I look at FGROUP stuck in low margin rail. Stagecoach is probably best positioned for aquasitions in the current climate.

We are currently at the "new recovery price" this is the price to which this share will rise to after the next "bloodbath" takes it down. When it is back to 50p it could rise quite quickly to 80p on the hope vaccine treatments could allow numberd using buses to rise to somewhat normal levels.

We will see. If you could predict the bottom you would be a billion air. But none of us can. I think this one has far more going for it that FGROUP as there out of the low margin rail business. I think this will stand for stagecoach. I don't see the price falling that low. But we shall see.

"Yes it was for "today" However the new bottom will be 25p"

you missed the point of my post entirely, look at the time stamp. I was getting at the pattern that it had built up over the last few days, of recovering in the afternoon, from early in the day falls.

The irony of this is that today it didn't recover, and triggered my limit buy, which slightly surprised me because I thought that probably wouldn't happen until nearly next week.

Yea .47 is the point of support , Looks a little oversold here

and don't tell us...........it'll then double to 50p, right?

I've heard it, many many times, before.......yawn

Yes it was for "today" However the new bottom will be 25p

.... 47.50 was our bottom point for today

At the moment, whoever mentioned travel sector, yeah it's shaky, but i am considering a little dabble in IAG because they are trading at one h3ll of a discount right now, and with poor results expected friday, there could be some bargain entry points circa 170 (ish) opportunities

DJ futures falling off 1.15%. USA 2nd quarter results out at 8.30 ET- could add to the fall- if not factored in already by market.

Seems you spoke too soon and we are due another test at this level!

i am avoiding those, but how low can the likes of TUI and CCL go, a bit more i think and i don't think recovery until next year, or if this virus goes away. I'm sure the MM will play them and suck people in. But this seems like a good bet, i not invested yet but nearly purchased today and people need withing country transport. Same as NEX but the recent placement adding more shares always puts me off.

I totally agree, it's at it's lowest and a important transport company, for people who need and depend on it, to get around. I just don't understand why airlines like IAG and travel company TUI go up when quarantine being introduced. Maybe market trapping people before they tank it.

no, bottomed at 47.16 or there abouts.

If i'd hit the buy manaully i'd have probably got 47p flat, but had to go out, so just left the limit buy in place, have to admit, i was a little surprised it didn't trigger, H&L limit buy is a bit cut and dried, it won't even attempt the buy until the Ask hit the price, which any of you with a H&L account knows, especially if your talking shares under the penny is pretty inaccurate, as it only deals to 2 decimal places.

but whatever, I left it in place and it didn't trigger, such is life, will see how it plays out, buying does look strong right now, and that might have been the bottom for the time being. Not the first share i've not bought into when i should have done, did the same with AVST and that's now flying.

with all the buys. Gog well up on the day. Is the bottom in now for SGC ? Yes I think so

Did your order get filled? Seems support may have been found, we will see what the weekly chart looks like if this holds!

But that is the beauty of the government assistance package, low passenger numbers don't really mean anything NOW. The problem lay in the future as to whether passengers have been put off of public transport for good. I think SGC have a very good product and are perfectly placed for a recovery in numbers, I only sold out after the results at 55p as they operate in an awful lot of marginal towns in terms of profit so a slight reduction in passenger numbers could tip it between slight profit and loss. I have gone heavily into GOG as they operate mostly in large cities where car parking is an issue as is congestion and all that........and they've tanked recently too!!!

I will look to come back into SGC, I just want to sit down with a chart when I've got time and see the degree of decline in sp between GOG and NEX releasing their results (which also weren't that bad) and now and see if there is a pattern to indicate where SGC may be heading. A crude interpretation of charts but I think as valid as any other at these bizarre times!

Well the write down due to the loss of the rail franchise is something that cant happen again or the appeal court case that followed. Much of the bad news behind us now.

Been on my watch list for quite a while. I work on the bus industry, its knackered.

Passenger numbers are increasing summer revenue will be very low.

This is lower than peak dip end of march.

fair points, although devils advocate could argue all main exchange shares could be subject to the same pressures of volatility.

Looks like for now there is support./resistance at the 47.5 mark, I adjusted my 45p limit buy to 47 over the weekend, and have left it alone, part of me thinks i should move it back to 45, as whenever i let limit buys trigger, the SP always seems to dip below to where i was thinking anyway !! that said, 47p isn't that bad an entry point, albeit at the top end of that potential range you suggested,

Couple of things. Lots being said on here about the company itself, effects of the bug etc- and rightly so. However this share has a high beta level (1.16 or so I think?). Basically its highly sensitive to market moves in general- as opposed to news specific to itself. My main concern in these weeks is not so much whats happening with public transport values- or even covid - or the lack of "feel good" factor in the UK- but rather I'm very concerned at the high levels of the USA markets - its just too high. A serious adjustment (say 5%??) on the dow in these coming weeks would have a big hit on any UK shares- and more so on volatile ones like SGC.
We are in extraordinary times- regarding the SP level. However- just recall that these points HAVE been passed before- in 2002-2003 there was a twelve month period of in the 20-50p range- before a strong recovery- and that was not a time when the world was in a pandemic. This week (30th) will see the release of GDP results for the USA 2nd quarter. They should be desperate figures. Has the dow already figured them in to its value ?- no one knows. My overview for SGC is optimistic caution (and disregard all brokers opinions on this stock) and I'm a buyer. Until a time when the US markets have adjusted- it may be wise to assume a strong possibility of a 20-to-50p price range for a lengthy period- and not to see that as a valuation on the company itself- or on public transport. Appreciate comments. Tim

looks like we're about to hit my limit buy price of 47p

question i have now is whether to cancel and monitor it manually and see what happens or just let it trigger!

Not really fussed, everything stagecoach is doing at present is positive. footfall is slowly increasing... Next week my depot will restart its annual summer excursions to Skegness... megabus is now back up and running.... yes more redundancies are coming, but not for those on the frontline such as drivers.....though some drivers are just leaving for natural retirement... I think come September only then will we have a better idea of where we’re heading with the return of schooling... but I do believe it’s going to a slow long haul back to normality, probably a year plus.... those drivers still on furlough are gradually being brought back.... drivers are also being encouraged to do spot cleaning on touch points on their buses, to give passengers confidence that buses are safe to travel on... there’s lots to be positive about with stagecoach at present especially as it has the backing of government funding.....

and..............