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Why on earth is this still dropping like a stone,SGC and Nex are not dropping anymore?
Hi, the 11th march rns does say that its 90%contract driven
What?
In the half-year results published on 11th March: "• 90 per cent of revenues secured through contracts with no revenue risk from changes in passenger demand".
Am I missing something?
This is completely inacurate. Less than 5% of all work carried out by Go-Ahead is contract driven. For example, Brighton & Hove buses have less than 1% contracted work and that includes council routes. Govia has closer to 0%. Just because they're franchised like the rail, doesn't mean it's contracted.
90% of their business is contract driven so they are paid even if the busses are empty. Would have thought these will get renegotiated sometime if travel does not return to normal.
Over the years this has been one of my best shares paying over £1 a share in dividends. However I cannot understand the big rise from their recent low in view of the fact that all the buses I see are empty and a great number of people will continue to work from home.
Agree that much of the drop is likely to be due to the Stagecoach family disinvestment (Firstgroup also down a similar amount).
It seems a huge over-reaction and like you I expect a bounce very soon - not just here but for SGC and FGP too. Duly topped up.
This has been oversold today based on the news that the Stagecoach family sold £11m worth of shares so has dragged it down. A great buying opportunity as this will bounce, tomorrow.
I've topped up. I don't see any real reason for this drop. I wondered if it may be to do with the possibility of foreign holidays being more likely. It's a long term hold for me anyway.
Feel like market is waiting to see if we can open up without restrictions returning. It looks like HSBC have cut to hold but raised price to 1340 which makes sense in the current situation. Seems like an overreaction to me, perhaps it will bounce up and down between here and mid 1300s for a bit.
HSBC CUTS GO-AHEAD GROUP TO 'HOLD' ('BUY') - TARGET 1,340 (1,215) PENCE
1,545p (not calculating in dividends) is the recovery price and then it will hopefully do well after that as a normal business
UBS INITIATES GO-AHEAD GROUP WITH 'NEUTRAL' - TARGET 1,380 PENCE
Nearly there already ..........
Well Charlie, I'm with you that by August with a summer of good news this will be floating around the £16 area. I cannot yet see a return to the higher highs for this or many shares in this recovery area until 2022 for many reasons but this is a safe play on recovery.
IMO this will hit 2000p in couple of months time. Very little downside risk here given economies are opening up.
Hi all, first time posting on here.
I'm currently long on Go Ahead Group and as you will all know It's done well recently.
Part of me thinks that it could continue to do well for another while, due to the pent up demand and the fast vaccine rollout.
It was at 2,160p just before covid hit, so I'm not sure what level it could potentially go back up any time soon. Surely there will be still some social distancing put in place etc.
Part of me thinks that if it could get to 1,600p in the next month or two. Which would be approximately 25% off its pre covid peak.
What do you all think?
Regards
Charlie
I would imagine most bussers will need to be making big moves towards all electric by then in the UK due to UK government climate change policy.
https://www.go-ahead.com/media/press-releases/go-ahead-backs-net-zero-plan-it-launches-first-fully-electric-bus-fleet-north-east
"Go-Ahead cements its position as the UK’s largest operator of electric buses with new ‘clean, green’ fleet across the North East"
"The move helps Go-Ahead accelerate towards target of operating a ‘net zero’ bus fleet by 2035"
Is gog switching to all electric busses by 2030?
wish i bought at 5 now :), 9 still good though.
It does not state a date: "Board continues to work towards paying a dividend at an appropriate level in the 2021 calendar year".
Share being held back today looking at the buying pressure, I can see a new price level in the coming weeks.
When is dividend?
I was waiting until after results to buy in because I didn’t think the numbers would be great and there would likely be a small pull back.
Despite calling this wrong, I bought in today anyway. Completely agree that this one looks like it has some catching up to do compared to the other bussers.
Great EPS and dividend record prior to COVID and also decent prospects for future growth. All aboard the bus.
I too was amazed at the figures, I was a bit disappointed I did not sell at 11% to buy back in but it was looking likely at one point they were going to press on. The Stock will definitely be regraded, if you look at all the transport stocks GOG has a lot of catching up to do where it was pre-Covid.
It's a steady ship. Confirmation that the dividend will return this year is a remarkable achievement. I would expect a significant re-rating by the brokers in the near term, buoyed on not least, by shops re-opening on April 12th. Well done GOG.
I was not expecting profitable year but BOD has done a phenomenal job. Now that the hard year is behind us and economies are opening backed by ESG agenda, we are in a prime position to benefit!!