Roundtable Discussion; The Future of Mineral Sands. Watch the 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.
NEX and Currys, share prices on the floor, profit making and cost savings gaining moment. Number one in many markets.
I’m in both, if one gets snapped up for double the current share price I’ll be happy
Their Net Debt/EBITDA is less than 2.0
Thats is why we need to get ours down & as Nex said they are aiming to lower Net Debt/EBITDA this year.
should also help boost sp if achieved
gla
I would imagine that you will see more and more companies that retain strong cash reserves and profitibility, offshoring as much of it as possible, in the manner of Apple. I think I read that they have something like 128 billion USD of profits kept offshore and away from US taxation scope.
If the US introduces a tax on company share buy backs, I would expect the above strategy to increase significantly. The UK tends to follow the US off various cliffs, as we know, so I would not be surprised to see our politicians hobble the City in a similar way either.
But as far as NEX goes, let us get back to high levels of profitability and low debt before we worry about how to protect the interest of shareholders from additional state theft activities...
When Nex reports next time I think we will see a completely different story going forward.
Our results were a bit difficult t0 understand however remember we had that 250m impairment from Alsa as well which dragged everything down.
I thought we would have changed to Mobico by now as early June is over and we are heading towards middle of June.
I think there will be another announcement in the same time hence the delay.
I carried on buying and will do so as long as we are under 125.
I love the dividend and if we get back to 10p in 5 years and a share of around 300 it will be a very good think.
Just needs patience.
Considering these are "old" results ..in terms of being for mostly 2022 and we are now June 2023..it is interesting how the "sentiment" of the market often separates and decouples from the reality of what is actually happening behind the scenes
Their results did benefit from US asset sale within 2022 - $151m
Interesting their CAPEX on bus, and their target is for a 10% margin. They said average driver pay settlement +7%; total fuel cost +11%
"First Bus: £94.3m net cash capex in FY 2023, including gross investment of £43.2m in electric buses and infrastructure"
"...delivery of 83 buses in FY 2023; c.400 electric buses on order for delivery in FY 2024 we will have more than 600 zero emission buses and four fully electric depots by March 2024 "
Their Net Debt/EBITDA is less than 2.0
worth a look through .....
https://www.firstgroupplc.com/~/media/Files/F/Firstgroup-Plc/reports-and-presentations/press-release/full-year-results-25-03-2023.pdf
https://www.firstgroupplc.com/~/media/Files/F/Firstgroup-Plc/reports-and-presentations/presentation/fy23-full-year-results-presentation.pdf
It will filter through to us during the day, steady rise today, hopefully 5-10%
Indeed. I think we’ll be a takeover bid target very soon. 50%-100% premium to current share price. All a bidder wants to see is market and profitability recovering and that’s what is happening here. First will get a bid next couple of weeks I think like last year
Xxxacc - for me all the bad news is more than in this share price - interest rates look like they will peak year end, inflation has already started to fall - service sector holding up well as are employment levels, - add to this the first group results augers well for NEX going forward - markets/fund managers are forward looking and the narrative here will change soon imo and NEX will come back into favour - lets see
gla dyor etc
Now up 20%. Takeover to re-emerge me thinks
We make more profit and first are now valued at £1bn. 50% upside here now
Read across . Up 15% and we benefitted more from the strikes. Uk passengers up 20% helped by max £2 fares. Think we’re about to rise again
https://www.cityam.com/firstgroup-smashes-profit-forecasts-on-the-back-of-strong-demand/?amp=1
Might take 2 business days to report.
Can’t wonder if this wasn’t some shifting around of holdings given 2+2=4 and all at the same price.
Well lets wait and see the shorttracker tomorrow. If they were buys, that would be enough to clear GLG's short ....
Bus fares to rise 23% costing the average fare in the uk to be £2.46. What other headlines would we like to see?
Though i would like them to be big buys SMART money coming in the price paid was in the middle of Bid & Ask so a ? mark on them trades
These kind of buys are great- as Hindy would say - SMART money coming in!
Yes i see that but sp barely moves. Crooks
Bigger buys 2m, 2m & 4m at 11:57
Nice to see confidence at this level.
Short squeezes are a falicy, they are far more professional than that.
They generally run longs against the shorts, so don't really care...
Slow and steady rise in the afternoon
volume less than 1 million but no shady 1m transactions
UT trade around 25% of total trading
Wealthtrasfer: This table shows the number of shares of GB:NEX available to be shorted at a leading prime brokerage. It is not the total number of shares available to short
I wonder who that "prime brokerage " is :-)
I think last June's update was an unscheduled profit Warning on margins, then they did the usual HY update in July.
We've more or less been in free fall since!!!
Nazcad - if they do repeat the trading update and reinstatement of guidance they started last year it would be due soon, but I cant find previous so it may have been exceptional.
0.1% is only 600k of shares.
What about the millions of shares bought after the directors buy? The shorters will soon be in too deep. I can see a short squeeze soon ....
Are we expecting a trading statement update this week?