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This and more or less every share will need time. Wish had got in 120 and out 150 or 170 is a hindsight. If you believe in the fundamentals then it will look after itself. Course we wish we could flip it and increase holdings or make the money. But lets be honest. We here as normal leyman and not mr buffett. Best most of us can do is wait for a strong company to come through. Interims could make it boom or it could be a blood bath but normality it 12 months away so best imo park it up. Had a poor few weeks in portfolio but all the companies fundamentals as far as my research had allowed statistically should prevail. Just weird times. Id like to think in 18 months we talking what the divi will be and not about 5 or 10p drops and rises. This company was a rock prior covid and i think it will be soon enough. Gla
F17, The fundamentals of this business, i've always believed & still believe are superb. The problem here is there are too few updates & without these the fundamentals are irrelevant. The markets need to understand how a company is performing or the SP will be in permanent stagnation. There any many buying opportunities out there at the moment however NEX is clearly not being perceived as one because noone knows what's happening except those of us who've taken the time to research the business. I still have faith in the business & was going to buy a couple extra 000 today but will hold the cash & maybe day trade on boohoo tomorrow LOL. Without the interims on Thursday this share will undoubtedly be going back down further sadly!
Paddy your right. Course boohoo will bounce 5 or 10 percent and the rest anyday. But that's over there and look at how many dramas have been had. I hold boohoo btw too as fundamentally the online clothing market it the future and they on their game like it or not. Back to nex. We have the new ceo now so flow will follow. Yes stagnation is always an issue day to day. Have a look at a 3 year chart and u can see stable solid growth here and only a freak moment like c19 would of knocked this about. This will be fine paddy but fair play to those who dip in and out. Some people dislike those who day trade but i envy them. Its heck of a skill to purchase at 8am and by lunch make 500 quid. Im a little simpler though. Perhaps emotion involved in this now for me as a holder of having it over 4quid plus and only going up. But i take comfort in the bigger picture and top ups etc. Good luck whichever way you go and tbh its not a 40 percent over a day rise type of company so u can jump on bandwagon anytime. For me, despite being a young investor (32 years young) i have done the same thing for ten years. Find a company. Hold and buy. Ive added plus500 and boohoo only this year. Otherwise ive held this and gsk as my core holding and hope my usual plan comes good. But we wont go up or down in a hurry i dont think. Ps there is a confusion over Thursdays results. According to me we not due anything but apparently so. I hope to close November at 160 which shows what a slow coach i am.
When i said close i dont mean sell out. I mean ill be happy with our sp at 160 with the market turmoil. Ive said that a long time if you feel free to check my post history
those Boohoo ones are way too fast for me. was about to buy some @240. I blinked & they'd become 252. Wish Nex did that LOL
Was in Boo, bought at 230-240 ish on the drop of that sweat shop scandal. Sold 1/3 at 315, should have sold at 390-400 recently. Woke up on the RNS about auditor 43p down, sold out at 270. I made some money out of it. It's too risky though, it still has press ****ging it, and that sweat shop saga is just not going away. I used my profit and whacked it in here! hope iI done the right thing lol
Jenn, despite my moans, this is really a surefire safe bet. The fundamentals here are really as good as it gets. The business is so clearly undervalued & has a great pre covid history. Pretty much 25years of YOY growth (bar 2008 crisis) None of the boohoo scandals here but it is sometimes frustrating the lack of updates. Hopefully when new CEO takes the hot seat in Nov that will change! My view is you will not lose here & is an almost sure 1-200% riser in the longer post covid era! Oh & this BB is much more civilised than the BOO one!
moneyweek.com
Don’t miss this bus: take a bet on National Express
by: Dr Matthew Partridge
https://moneyweek.com/trading/602145/dont-miss-this-bus-take-a-bet-on-national-expres
thanks 2227 - missing the "s" at end of link :)
https://moneyweek.com/trading/602145/dont-miss-this-bus-take-a-bet-on-national-express
moneyweek.com
Don’t miss this bus: take a bet on National Express | MoneyWeek
by: Dr Matthew Partridge
The pandemic has wreaked havoc on public transport in the UK. During the first phase of the crisis the number of passengers collapsed as people heeded calls to stay at home. Even during the summer, as restrictions were gradually eased, people were reluctant to return to buses and trains; passenger volumes remained at a fraction of their levels a year ago. With the reinstatement of regional lockdowns now hampering a return to work, it’s no surprise that shares in many bus and train operators remain at extremely low levels.
One company that has been hit particularly badly is bus operator National Express (LSE: NEX). National Express was not only grappling with the decline in bus usage in the UK, but its school bus business in North America, which accounts for around 30% of total sales, has also been hit by the closure of schools across the United States.
While the shares rallied strongly in the weeks after the initial shock in March (when they slumped by 85%), they have drifted downwards since April and are now 60% lower than at the start of the year.
A resilient operator
Despite the turmoil, there are several reasons to be positive. Firstly, National Express is not in imminent danger of going under, as it makes a large chunk of its money from contracts with local authorities that ensure it continues to get paid based on the number of buses that it runs, even if they are empty.
As a result, the company managed to keep losses down to £60m in the first half of this year (compared with a profit of £140m in the first six months of 2019). Its decisions to axe its dividend and use government support schemes have also helped it build up its cash reserves, while it raised a further $290m through a share placing in May. Once things do start to return to normal, National Express should be ideally placed to benefit. Even if people end up working from home a lot more, they will still have to make bus journeys for leisure and socialising (trains, on the other hand, rely a lot more on people commuting into work).
It also bodes well that the company has a strong record of growth. It managed to increase its revenue at an average rate of 8% a year between 2014 and 2019, while still maintaining a reasonable return on invested capital (a key measure of profitability) of just under 10%. Its valuation also looks cheap. It trades at a mere eight times expected 2021 earnings and at a 13% discount to the value of its net assets (its book value).
Not just that but NEX’s company ethics and business model is way more scrupulous compared with BOO
Does anyone know where the 22nd Oct for Q3 update came from,, i asked last week if it had been confirmed and someone replied yes confirmed. Is it just chat rumour or is there any foundation to it?