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The missus went to see Beyonce on Monday - via NEX coach to Tottenham, said it was rammed and that was even before this weeks strike days kicked in.
Expect it's going to be a bumper year for Nex, which will translate nicely for HY results.
Hoping they use some of this extra revenue to pay down debt so as to put that gremlin to bed.
Now lets get back to a good share price.
gla
STRIKE IT RICH Industrial action to thank as National Express sees surge in bookings
NATIONAL Express has seen a 30 per cent jump in travel bookings over the week of rail strikes, figures shared with City A.M. show, as passengers flock from rail to coach to attend the FA Cup final, the Epsom Derby and Beyonce's renaissance tour, all of which have been disrupted by industrial action. Increased demand saw quarterly UK coach revenues at the company rise by 87 per cent on the previous year in April.
https://www.marketscreener.com/quote/stock/NATIONAL-EXPRESS-GROUP-PL-9590116/news/STRIKE-IT-RICH-Industrial-action-to-thank-as-National-Express-sees-surge-in-bookings-44007906/
Rail strike pain is National Express’ gain: Bumper coach bookings as Brits find ways to reach Wembley, Epsom and Beyonce
https://www.cityam.com/rail-strike-pain-is-national-express-gain-bumper-coach-bookings-as-brits-find-ways-to-reach-wembley-epsom-and-beyonce/
Bought back in yesterday , not huge only 5K, and topped up with another 3K this morning.
oddly it was reported as a sell and not a buy (which it was)
02-Jun-23 08:01:04 106.99 3,000 Sell* 106.50 107.80 3,210
138 grand between 4 directors is pretty lame, especially the CEO's purchase. Tokenistic, a £1m purchase would have grabbed the market's attention.
Should change your name to flip flop 😁
I’m back in. I said when the directors bought in I would too :)
Any kind of profit warning in the medium term also seems very unlikely now
Let's hope so!
Postitive!
Have no doubt; this is a really positive sign. Those that really now their company believe in it, the rest is just nonsense, but hey DYOR.
Good news...says to me that they all believe H2 is going to be where the improvements come ....
Senate passed the Debt Ceiling Bill as well....
Didn't exactly push the boat out, I've got more shares than each of them, and paddyboy probably does too.
Nice gesture though, hopefully the markets will react positively.
Would NEX need to tell us there was a takeover approach that prevented director share buying? Just seemed odd the length of time with no buys at all.
Going to be an awesome day, but annoys me they couldn't have done this on results and instead waited for it to tank another 30% whilst we all suffered
No takeover or equity raise is the signal. Onwards and upwards with the existing team
Not small change either...
No takeover then, but that's good news still I think
At last, Director purchases, let's see what happens to sp now
Yeah, good work, Pokerchips. It is one thing to go from bullish to bearish (or vice versa), or indeed just to openly nip in and out for trades, but poor form to play that game IMO. Yes, of course nobody should rely on any chat board poster etc, but nevertheless, just play straight!
Anyway, despite the sidetrack stuff, nothing has changed here in real terms since the last update. A solid hold for me right now and a further buy if I can get a few more for a quid or perhaps 102p. GLA.
Can I understand why the price has not increased despite the volume bought being much higher than volume sold. 5 times higher.
Also would this indicate shorts closing potentially?
It’s mainly the £400m that is due this year, based on the last quarterly update looks like a facility has already been agreed. Assuming this is for the £400m, we would expect the interest is 3% more than the current rate. As they are expecting the Incremental annual interest being £12m. From the last annual report , there is an £82m bank loan and the £59m overdraft plus £57m lease liability due this year. The cash assets as at 31 dec 2022 was £292m which is more than sufficient to meet the bank loan, lease liability and overdraft. Not to mention there will also be revenue for the current year which would help with liquidity. Based on Q1 update there is considerable revenue growth despite 1 week of strike and we would expect Q2 to be better with the ongoing rail strikes.
The Ebidta last year is £418m which is which is 14.9% of revenue. Based on increas3d revenue we would expect this to be higher this year. The borrowing commitment due for the next 3 years is £60m, £50m and £40m excluding interest. With the ebitda currently being generated the company should be able to meet the interest commitments and accumulate sufficient cash reserves. So expecting they will not need a right issue unless there is another COVID situation and country going into a lockdown.
I said it would flush out the weak ✅
Like you say he's desperate to recover losses but the sub £1 just hasn't happened for him!