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This article clearly states that NEX debt is a major concern, wish i never bought into rhis company. If didnt have a big paper loss would be happy to get rid.
https://simplywall.st/stocks/gb/transportation/lse-nex/national-express-group-shares/news/national-express-group-lonnex-has-a-somewhat-strained-balanc/amp
Been upto Hull from MK 82% full till we gat to Sheffield then today from Hull going back to MK about 25 on board till we got to Sheffield then coach was about 90+% full. I did ask on way up & on way back both replies were the same we seem to be busy. I said i own a lot of shares in the company & did the know of any problems . Same replies from both none that they were aware of.
Well done my bit & hoping for a turn around in share price
GLA
Doesn’t NEX have around 614 million shares in circulation? Not 135 - 150 M as someone has said…
They issued @120m new shares in 2020 @220p placing price. A 20% dilution. My question was where 75% came from as per your statement?
KG, paddy isn’t concerned in the slightest about what us jokers say. He’s planted his hedge and will come back to it in a few years ;-)
Paddy, the end of the annual report says how many shares were in issue at the end of the year. It was around 135m-150m before the era of low interest rates.
@Paddy, Poker, JG, LG & other sensible posters who have been around from a while here - please stop responding to these jokers who do not even understand balance sheets, share awards to directors etc etc.. you are just feeding their egos and they will keep coming back with stupid arguments on why this will go lower.. in the end we will only end up losing our own sanity..
QD, where did you get the '75% more shares in issue' from. I'm only aware of a 20%dilution from a placing during Covid??
Paddy, the horse won’t bolt overnight. Buy when there’s blood on the streets- but not I’ll the earthquake is still ongoing.
Everyone wishes they had bought into a share when they see the horse has subsequently bolted the stable. It is too late then. The time to buy is when sentiment is poor & a share is unloved!
Locky, I’ll be back in when inflation eases but until then, this will most likely continue to head lower, so why watch my money decimate in the meantime? Only thing that could push it up would be a bid, but do you really think the directors would’ve sold shares a few weeks ago, instead of paying he tax themselves if that was the case?
Manz, why are you interested in this share if it's twice what you think it should be??
Noggers, the target to justify the divi payment was gearing reduced below 3. That target was achieved. The Beano & Dandy can say otherwise if they like but that is the company official line on it
Agree but then better not say too as certain individuals will get defensive. Plus used 60p as that was somewhere round the covid low
If did drop to 60 then I would treble up
All just opinions on this board this could open up green tomorrow and rise from here. 50:50 chance. I bought loads of stocks that played by market. Value will return
Well I have been reading quite a bit on various websites about NEX, and what most are saying why this keeps going down is because of the debt they have got, and future earnings might not cover the debt, also the divi they paid was not really covered, I am only going off what I have been reading.
Strange comparison with Purplebricks.
German, Morocco and UK coach doing well, Lisbon opening up. UK urban, Spain and U.S. are flat but we’re coming out of omicron.
Debt obviously weighing heavily in a rising interest rate environment but difficult to price accordingly. I think it’s been well over done.
There’s a reason Flix, Stagecoach, GoAhead, First Student are all now Private.
If you want to blindly quick dip into equities and jump out at a loss a few days later fill your boots, but there’s no reason to hang around afterwards fella.
The wheels on the goodwilll go round and round. No, wait, I’m sure that’s not it.
Paddy, I got my figures from yahoo. Goodwill was about 1356m vs total equity of 1390m. I didn’t see any goodwill reading the historical accounts, but will have another look.
The other issue I have is the ROA at just 2%, not good when return you can get on cash is 5%. So it really depends how much you value the goodwill here, because the earnings just don’t cut it now the era of ultra low interest rates has ended. And if we go back to pre 2008 before the ultra low interest rates, although the SP was higher, more importantly the Mcap was lower than it is now due to there being about 75% less shares in issue.
If somebody is posting a negative comment about a share, pretends to hold a few shares, highly likely these ducks are either employed by shorters , day traders who are hoping for a good entry, previous holders who sold out and desperately wants to get back in at ridiculous price or simply ducks who just want to quack. Anyway, I am enjoying my one month holiday paid by NEX dividend. Looking forward to my next NEX dividend😁
QD, i'm not sure what balance sheet your reading. As far as i can see if you do a quick comparison to now & 2018, there is £1.6bn intangibles vs £1.8bn. Tangibles there are £1.5bn vs £1.3 bn. SP in 2018 was £ 4. Now it's nearly £1. Make up your mind on those numbers!
Paddy, I made a blind buy here based on the chart. The reason I sold up was after doing a bit more digging, I noticed there used to be several hundred million in tangible book value here- now there’s nothing, it’s all goodwill.
The last update was pretty positive and expect the next one will be with falling fuel prices. Where is the bottom no one knows but value will return.
QD, why can't you? what has changed? PURP is an AIM disaster. No real business there!