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Looks like patience is finally paying off
It's getting buyers attention look on the YTD for shares and this is amongst the worst. Strange one when bus contrats arn't going anywhere as city's close off to cars. Also government money has been covering them so no drastic increase in debt or dilution has occured it's a buy upto 90p for me.
independent.co.uk
Russia claims its Covid vaccine is 92% effective
Early data for Russia’s Sputnik V Covid vaccine show that it is 92 per cent effective, according to its sovereign wealth fund.
The announcement follows results posted earlier this week by vaccine developers Pfizer and BioNTech, who said their US-German jab was more than 90 per cent effective at preventing disease.
Any idea on the sudden rise in the last hour? I accept there is still a way to go until it reaches it potential but wi seeing if there was some news just released?
It could be around 100p by the end of this year.
Today’s rise absolutely confirms the potential upside in U.K. public transport stocks right now. This is still 1/3 of pre covid SP and if it can rise 30% on a glimmer of vaccine news what will happen when we do finally get back to some kind of normality?!
GLA,
After weeks of pain, and wondering whether this share would recover, today feels like maybe it is the day the corner has been turned. Onwards and upwards hopefully.....
Extremely happy about today!
Still a third of the 52 week high....good news overall though.
Government extends coronavirus support for buses and trams, total funding tops £700 million. https://www.gov.uk/government/news/government-extends-coronavirus-support-for-buses-and-trams-total-funding-tops-700-million
Hi , my average is 39p so not a great loss here , but 20% paper loss to total portfolio with no dividends due and most in transport and service and food industry, ( not as bad as some I know ) so that’s what I meant by substantial loss. I know a fortune teller would have trouble predict both the highs and lows of a share but I can’t see a medium upturn in the markets and only a downshift.
I’ve held anyways, along with my 3500 Greggs shares which give me the most interest / anxiety. But we all make our choices. I’m not into averaging down as I’ve said on other sites as that can sometimes get you in deeper and deeper I’ve watched these sites for years where people have lost everything on companies like Thomas cooks buying more and more. Then !?! I’m holding for now.
Sell at your peril, was told by one of the MDs on Saturday that trading continues as normal
@cumbrian what's your average? I would seriously advise against selling off at a substantial loss tomorrow unless you're in desperatebneed of the cash. It makes no sense at all. If you hold this stock it will recover. Its as simple as that, in this game you have to be patient, that's why it's called investing.
I’m hoping we’ll just see a relatively meaningless drop tomorrow across the market followed by just more sideways movement in the mid to high 30s because of the following:
this was already priced in when it dropped back to 36p
Pretty much everyone expected this
Furlough extended for the month
Lockdown only planned for the month, meaning there’s a light at the end of the tunnel this time, plus we know lockdown successfully reduced cases last time
I just can’t see how this can be a bad 2 year hold. I can’t see the government ending support, the mcap is already tiny, we’re not losing so much money requiring a big dilution afaik, with so many companies trying (11 in final stages I think?) and such incredible governmental support surely there’s no way a vaccine won’t be ready in the relatively near future.
So basically I think I’m just going to hold, and if I find myself 50% down, which I can’t see, I’ll just buy more.
Does anyone know how much revenue (if any) SGC generates from school services? As that would be another positive since they’re staying open.
Hi. So you don’t see the sense in selling tomorrow then buying back after the price drops, then keeping until 60p ?
This would be the worst possible time to sell ?. Things are not getting back to normal anytime in the next few months. Until it does the government
will keep supporting.I am hoping the end of next year this share will be at least 60 pence.
It’s strange really, we all knew another lockdown was imminent but we all know that the markets will still fall tomorrow.
I’m really thinking of selling everything tomorrow , ( at a substantial loss) and coming back after the new year.
I know a lot have people have made a lot of money buying on the April dip and selling on the June high but I wasn’t one of them.
I know we can’t predict the low and time things right but I’m pretty sure now isn’t the low.
Good luck to investors everywhere, I think I’ll sell and buy a small flat the rent out and hope a boom in the housing market comes.
Oh, and I’m not sure I’ll ever vote in a national election ever again.
I’m afraid I don’t share your optimism.
Where will people be going in the short/ medium term.
I do hope that this should at least be near the bottom .
Government assistance absolutely essential to the survival of sgc. The nation’s bus services are an essential service in a small highly populated country like ours even more so than the US so I’m confident that help will be maintained throughout the winter.
But that’s my logic, not the government’s.
Maybe an optimistic bid will arrive at a surprise time?!?
One of the reasons public transport will get busier is because ppl will not be able to afford taxis in this pandemic period.
A lot interest should be building up in this share. Price is too cheap to ignore. Can only see upside from here.
Bang on there Matty, although I wouldn’t use the word guess, if the transaction is above the mid point it is a buy and below it is a sale. Things are that quick and the spread moves all the time it makes that info completely worthless.
What happened today chaps? Just invested in here seems a bit of a basket case share, Fundamentals look good, fair enough a bit of debt but I am surprised it is diving 5% for no apparent reason. I thought I was buying in at the bottom.
it's all a con, the exchange knows EXACTLY what trades are what, they just like to obfuscate it, so that prices can be manipulated, because there is NO genuine reason to withhold that information, just like trades can be reported late or completed after market hours.... why?
Cheers Matty, definitely a more straightforward and understandable answer than ive previously had. GL
The LSE does not report buy or sell, only that a trade happened and the time. Platforms like this guess based on the price at the time, but as you know the price can rapidly change and reporting of trades can be delayed. So in my opinion the buys and sells reported are almost worthless.
Clearly many are seeing it as a good buy opportunity, nearly twice as many buys as sells today!
Trades 549
Vol. Sold ; 360,553
Sold Value ; £138.45k
Vol. Bought ; 673,647
Bought Value ; £258.68k
Ive asked this question before and TBH never really got an answer I understood but why when buy volume for a stock is considerably greater than the sells does the SP fall significantly?
I know the markets are all down today etc but I just don't get this!