GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
A year or 2 ago, we'd have been remortgaging the house to get in at this price :-|
Now even at this price i'm not a keen buyer....unless The Nacho & Stamp clowns make an exit.
Barney, i imagine most punters will be waiting for the results announcement before adding or committing funds here. On the basis of what they've told us so far this is way too cheap. the problem is we, & especially anyone who's been here a while have become so used to this lot dropping some shocker that it makes sense to wait. I think i'd rather pay a slightly higher price to have some assurances going forward. No announcement this week & i think we'll be seeing 50p or lower!
In the 50s we go, majority of us are fighting to just get our money back at this rate. Easy to say long term this will come good but with these clowns at the helm we do not stand much of a chance. They can start by getting basics right and increase the prices on buses, yes they are getting funding from the government but that does not cover turning into a profit. We're not a charity ! Not rocket science, if your going to give a 16% pay rise to drivers or whatever it was then that gets passed onto fares. Rather have e.g. 80 passengers on the bus paying £3 rather than 100 paying £2. People will still catch the bus as what is the alternative, every other mode of transport is more expensive by at least 50%.
Smokey, The buses stuff is fairly small beer here in context. We need to know have they or are they selling NA & if so at what price. I believe if there is a sale going through at a reasonably good price this will turn upwards. If no progress on that front then further drops i suspect. The pricing issues & he Germany stuff will be rectified in time but the NA sale is critical IMO!
If they can shore up the balance sheet it removes a lot of the short term uncertainty here which the market will respond positively to!
Agree Paddy was using the buses as an example as price hikes need to be addressed across all business segments. Can we trust these guys to negotiate a good price for the NA business when they are not even getting basics of business operation right.
Well the pricing & the cost reduction stuff are a work in progress & will take time to filter through. The big issue is the co is stumping up £80m pa in interest costs to just service the debts. Along with the impairments & stuff it all is eating into the bottom line. If the results can show a small profit at least & positive progress on NA we should have an upturn. If they turn out a loss & no NA progress this is tin hat land i'm afraid!
Garat & Stamp are probably cutting & pasting Kenny Wilson's resignation speech!
Why delay results as the board have stated that the German Rail contract provisions will not be ready in time for results. So why wait and allow further damage to the company's value? the only scenarios I can think of are:
1. They are close to being able to positively update on NA School Bus
2. Finishing off Q1 update for a positive spin
or negatively:
3. The auditors are giving them hell and they don't want to publish on their worst case basis
4. There has been US impairment as well and they daren't publish without either 1 or 2 being ready or they'll be reaching for the exit door
Theres nothing else to wait for. What the hell is holding this up while we get battered every day?
Or 5. Bid incoming !!!
I lost faith in this. I fear the US will be wanted at too much discount in the current climate. So the question is can they service the debt, grow and remain in covenants without a US sale?
This SP is really tempting but probably for a reason. Having reduced to a very small holding I’m not sure whether to jump on the merry-go round again or simply buy on news.
I agree with the school bus sale being tough going. I also think if there was 'real' progress and we had acceptable bids then the market tends to react ahead of news and we've seen the opposite. So its either locked tight or not good news, I fear the latter given the last two years. I would wait for news now and reassess as there will be a lot of opportunity to get in, if good news is forthcoming. A strong sale of US School bus should see us rising towards £2 at least but it will take a while so no rush. You might miss out on 30p but still gain a £1+
You're right Paddy.
I nearly thought about adding a large tranche here at 65p, believing we'd be back up to 70-72p.....glad i didn't.
Waiting for better news now or the bombshell.......the latter being the most likely, based on past updates.
Wealth
I just cannot think of any reason not to offer some positive update on the sale or Q1 trading if there is anything positive to say, given we're where we were after the Oct profit warning.
It's beyond farcical how poor this board is, either way whether they're sitting on positive news or have a further downgrade to announce.
How after 4 years of this is Garat still in post and seemingly totally unaccountable for failure.
Yes, i'm looking to average down some more here as i still feel this is a good bet for 5-10 years hold which is how i've always viewed this one but seems prudent to wait & see the situation. I'd prefer to pay a 10-15p premium from this level with certainty than have a DOCS day tomorrow!
JG, they've told us the situation in the last RNS. It's about whether the market believes they will deliver what they say. Clearly they don't & the markets are dire anyway all round really. They can't say about NA sale as that is a separate game changing RNS itself!
Funnily enough though i remember when Wood Group sold their Build Environment asset for £1bn+ the SP hardly moved!
Agreed JG. There have just been too many missteps to put it all down to macros and circumstances beyond their control. There are many things they could have done and could be doing to help mitigate. Only way Garat stays is if Cosmens approve.
Amazing how the sentiment changes though. I remember post covid vaccine people scrambling to get into this for less than £2!
Paddyboy
We've heard diddly squat about actual trading this year, the impact of price increases last year, all we heard is how Alsa performed well and US performed as expected for the FY23.
As you know we don't hear a word from Oct to March every year, it's just not good enough and there's nothing we can do.
Assuming that they report ( whenever they're ready) as they usually do on a Thursday, I'm expecting an RNS this week confirming next Thursday, or one on Monday stating further delay.
The last rns sounded like a small child saying " it's not my fault mum this latest Germany business"
Excuse after excuse imo
It's actually holding up quite well today when you look at the broader market. Sea of red!
Q1 update due this week or next, so I assume 2023 report will have to come at same time or before? it would be pretty strange t have 2024 Q1 before 2023 year end. Last couple of years that came on a Tuesday/Wednesday.
Who is the boss of the CEO
The chairwoman
Who is the chairwoman
1 year in ms Helen weir
Scary she is a non executive of superdry too so we know she probably is a weakling
Pressure will come here would be good to understand the level of investment every one has in this enigma
Looks like this is heading to 20p looking at the graph.
Inflation will only go up from here.
Energy prices rising from lows, Corporations raising prices above inflation because they can and is now normal practice, Wages rising faster than inflation.
Germany a disaster, Debt pile a disaster.
Auditors don't want to publish at all. (I wonder why)
Sale of assets in the US will only be sold at a fire sale price. US can smell desperation and can simply wait to pick it up cheaper when mobico go belly up.