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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.
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.
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
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).
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.
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!
I agree... when is the next company update ?
"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."
@CaneToad
Chris5 is also on the Stagecoach board talking up that share.
It's very odd behaviour. As if it will have any impact.
@EeyeWaysls: "Chris5 is also on the Stagecoach board talking up that share."
Wherever there's a dropping share - Chri55 is not too far away! It's a handy thing to lookout for. Basically, he's looking to get back in...
Yes - if Chris5 isn't in a stock he deramps and as soon as he buys in he ramps the same stock that he spent months deramping previously.
Doubled my investment to average down ,so only 10% down now .This share will recover as no reason for the freefall