Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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ive topped up, lagging the industry and the industry itself is still at all time lows.
Extremely good value at this price.
Thanks good information
- Divs - they used to and will do again, as it's stable business excluding covid just like insurance, banking. Not great for growth normally but constant cashflow so divs are good.
- Debt - no this isn't being written off what has been and continues to happen is that the government are saying to transport companies you have to run services, but with footfall down they are giving them grants to cover the loss in revenue. So no debt aren't being wiped, if the gov wasn't providing these grants then debt would be increasing due to a reduction in cashflow. Summary, it's fair to say debt is neutral through covid which wouldn't be anything special had the share price NOT gone from 150p to 34p....
Plz any one confirm is it true all stagecoach debt written off from government.
Allso does stagecoach pays dividends?
Infact it's still profiable because of the government support despite the lockdown.
Infact it's still profiable because of the government support despite the lockdown.
It was trading close to 170p in January. As the government has underwritten all losses, there's no reason it should not go back to around that price by spring .
Apologies for typos was texting/raging in bed...
Yes in essence, there is an argument that NEX could be overvalued. I don't think so though we are undervalued given gov support. It's an overlooked sector.
Buses are a long term play too.
https://www.sustainable-bus.com/electric-bus/stagecoach-received-the-first-byd-adl-electric-buses-for-guildford/
https://news.aberdeencity.gov.uk/aberdeens-pioneering-hydrogen-bus-project-arrives-at-major-milestone/
Nexational express
Added 20% extra shares by way of rights issue to reduce debt.
Have a market cap of 1.4b
Earning of circa 200m
Debt substantially more only looked at last full years ending 2019 and said 1b in current and 1b in non current, cash was circa 500m hence the cash raise.
Stagecoach
No dilution due to covid
Market cap of 330m
Earnings past few years of circa 100m
Debts as of may 2020 circa 1b with 90% of that being non current i.e. nit due this year.
Cash position circa 350m
So debt difference aside, earnings half of nex, however market cap that is a 1/4 of nex! It's another for the buy case.
£330m market cap on historically 100m earnings...
Never say never...... seen way too many companies on here disappear overnight....
See there was a large sell at 16.41
Been sat very patiently on this one a while now, with nothing to cheer. Originally bought at 59, and doubled up at 42, believing that was absolute bargain basement at the time, only to see it drop further. I’ve been waiting for today to come around, and it feels very satisfying indeed. Great to see all the positive sentiment on here. Was going to sell half and reinvest elsewhere, but have bought into the upbeat posts on further rises and good dividends - so I’ll sit tight and enjoy the ride.
It's very likely to be trading above one pound by January. GLA
Hahaha castle you muppet. Continually deramping IAG whilst ramping the bejesus here. Regional public transport has been hit far harder!!
Watch out guys, if this fool says SGC will hit 100p, it's most likely to hit 10p. The SP will undoubtedly fall now.
If only you didnt sell and topped up in the 30s castle ;) if only you followed the pros.
Yep back to £1 very soon
sgc very undervalued company
roll on £1+
Yep, something else is definetely going on, must be a leak of some sorts, merger? acquisition? or a fluke...share price pattern isnt normal at all.
Surely something else going, this sudden rise this morning and now in the last half hour isn’t just people realising all of a sudden that they are undervalued?
Target by year end 90p! Fair value given vaccine and gov grant's helping save the company from excessive debts/dilution.
no way these are going back anywhere near the 30s Barney, I was happy filling my boots when they were there too but I am ecstatic now!! GL.
I was quite happy buying them when they were trading in the 30s..... cheapest I got them was 34p..... for me hopefully they will go back again... but in the meantime I’ll keep buying
HSBC lifted its ratings Stagecoach as it took a look at UK bus and rail operators.
The bank, which upgraded both Stagecoach and Go-Ahead to 'buy' from 'hold', said the sector is extremely cheap. "The sector has been here three times before and it's rebounded," HSBC said.
https://www.lse.co.uk/news/SGC/hsbc-upgrades-stagecoach-go-ahead-downgrades-firstgroup-6y77ljrg5t7equ9.html
Comments from recent trading update.
"Our expectation is that profitability in 2020/21 will be broadly consistent with the prior year financial performance."
Market is over looking this when compared to other stocks that have bounced back to 2019 prices where this statement isnt the case.
It was never going to be 89% effective and 91% would look like it was blatantly point scoring, so 92% it is!