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"The Group announces that its full year results for the year ended 3 July 2021
will now be published on 30 September 2021 (previously 9 September 2021). This
revised date reflects ongoing discussions with the Department for Transport
regarding the historic calculation of the Southeastern profit share over a
number of years, as disclosed as a contingent liability in the Group's
accounts for the year ended 27 June 2020, and related additional matters.
Consequently, the Group and Deloitte, the Group's auditor, need additional
time to finalise their procedures.
The Group's trading results for the year ended 3 July 2021 remain in line with
the Board's previous expectations."
I agree... when is the next company update ?
Not at all worried about the drop here.
Seeing Dr Doom (@Chri55) here makes me even more confident that this is a nice opportunity.
Balance sheet is strong. Business remains cash generative. Sentiment is undoubtedly weak at the moment, but as a Value Investor, we're surely used to this...
I never thought I'd see this opportunity repeat!
As posted on the company website yesterday:
https://www.go-ahead.com/media/press-releases/go-ahead-plots-journey-become-carbon-neutral-transport-provider-2045
Hard to think it was 1462p back in April on results day. As I have said on the Nex BB, the big factor is lack of liquidity, the amount of shares traded in this stock is extremely small compared to issued stock so the algos and MM’s can drive it down. I never buy shares on leverage but this share is moving into that territory.
I can never time the entry right :-). It's down like -10% for me and I'm still buying on the way down gradually.
It's a very unusual case. Hoping that anyone could shed light on. Is it being played by MMs or some shorts from funds going due to large majority of the stakes hold by group of institutional investors?
GOG appears to be a safe parking place for funds. Direct awards of GTR and SE have high probability on the way by November this year. Significant increment in transactional activities via payment processor Pay360 and card schemes as UK being opened and back to office on the way most corporations around September 2021 (even though some offered hybrid working office/WFH).
eeyorewaysis... completely agree im confident this is a safe bet to fully recover eventually.... looks really cheap considering the country is nearly fully open now
Seems like a snowball effect. I average around 13.50 in this share so am a quite a bit down.
No intention of selling though. It will return in time. I think the sector has held up well. But folk will panic.
I just wish I had more to invest. It's at a good price now.
Back to where it was in January while big tech and index trackers are reaching ATHs every other day. -_- I don't understand why transport stocks are currently in a worse position than they were when there was so much uncertainty about variants/lockdowns.
Reallocating here a bit :-)
Thanks Ted. I wasn't sure of the exact date this year.
@Adobe. The next trading statement will be out on the 10th June.
We usually get a trading statement about this time of year so that will hopefully give us an idea of how the board see the landscape going forward.
As for David Brown retiring, I wish him all the best and think he is leaving the company in great shape for his successor. Exciting times!
People do retire.. it can be a good thing
More uncertainty. :(
The said they as some this yer
What do you mean the they pay some this year
Just got bus from Filey to Reighton, hadn't even realised Go Ahead were running these services in North Yorks.
Really need to read more about the company.
Bus wasn't very busy, but hopefully that will change in coming weeks.
Excerpt from Half year report:
'The Board is working towards paying a dividend at an appropriate level in the 2021 calendar year.'
Gog haven't paid out since November 2019 and are unlikely to any time soon with so much government subsidy. This used to be one of my best income shares , paying 102 pence per share in '17, '18 and '19.
Is their a dividend this year and how much do they pay
Per share?
Incredible you have the likes of Gog still making profit and IAG burning through cash yet its Gog with the big falls.Will keep holding this and Nex and expect them both to do good down the line.atb
It looks like an attempt to flush stock out by hitting people’s stop losses . Lynxx is right it often drops 5% to bounce back up but this is bigger than typical drop. Nex is a more loved share so typically is more stable than Gog. I am LTH. Once pubs, cinemas, theatres, restaurant, etc are open the buses will fill up but BBC images of India may delay people’s confidence for a while.
It seems to be closely following FGP now. Though I think yesterday's sudden drop was instigated by the stagecoach RNS. It has done this type of drop before over the past 6 months, where there has been no clear reason, and then bounced back quite strongly.
Unfortunately I mistimed this one and bought in yesterday at a fair bit higher. Not going to sell though, this share often behaves strangely and for me that's because it's manipulated by funds.
Should have waited for a bounce before buying.