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Oh dear! So you think Nex is going to zero and doomed to fail? You’re not even looking for a tasty entry point at this stage!?
WTF??? are you going on about???
WT,
I am referring to total debt. Nex needs the cash flow to operate. It can’t just pay off trade payables with trade receivables.
Using your house analogy it’s like having the income to pay your 2% mortgage, but can’t afford it when you have to refinance to 5% rates- the house gets repossessed.
Nex relies on cheap debt because it’s return on assets is so low.
Paddy, correct, the book equity in Nex is made up entirely of goodwill. The tangible assets are cancelled out by the debt.
Wt, you're wasting your time he needs to learn what a tangible asset is first as apparently NEX don't have any!
QD - I'll make it easier for you. You are quoting 'Total Liabilities': to show how misleading that is and therefore misinformation it includes some £900m of trade payables forgetting of course to deduct the balancing £800m of trade receivables. Then theres loans vs cash in the bank etc etc. Its absurd. Its like saying you are broke because you have a £250k mortgage on a £500k house, which is also rented out earning money that more than pays the mortgage and you have all the tools and materials on hand to extend it and increase its value further. Misleading at best.
Did it just finish at 107p exactly ?- nice prediction Hindy!
QD - Net Debt . I assume you are quoting a number around all debts and liabilities and not the net position on a like for like basis, either current, non-current or combined. If you can state what your 'debt' number is based on it would make it easier to reply.
Just 45 minutes to go ....
More positive press....
Rail strike pain is National Express’ gain: Bumper coach bookings as Brits find ways to reach Wembley, Epsom and Beyonce
https://www.msn.com/en-gb/money/other/rail-strike-pain-is-national-express-gain-bumper-coach-bookings-as-brits-find-ways-to-reach-wembley-epsom-and-beyonce/ar-AA1bW8ub?ocid=msedgdhp&pc=U531&cvid=89cf9e8b99a346b49f562dab631e9730&ei=19
Article in today's CITY AM - all positive ..
'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 flocked from rail to coach to get around the country. The long distance bus and coach group, who operate around 1,500 journeys per day in the UK, warned “we are very busy across our UK-wide network, with a 30 per cent increase in bookings so far" and tickets selling out rapidly.'
https://www.cityam.com/rail-strike-pain-is-national-express-gain-bumper-coach-bookings-as-brits-find-ways-to-reach-wembley-epsom-and-beyonce/
WT, do enlighten us the correct debt figure and why the figure stated on the latest accounts In misinformation.
KG, I didn’t expect it to fall quite so fast tbh hitting a new 52w 3 days on the trot. Maybe people didn’t realise debt was 4x market cap, and how much that would dilute holders should another RI be needed. If everyone knew everything there’d be no need for a forum.
Paddy, much like those who bought this, KCT, Vod, Superdry. Or those that stayed in Nex expecting the pullback to happen ;-)
Last time to top up, this will move very fast. Predicting a re-rate very soon
Spanish,French and now German CPI inflation figures falling back ....
Germany CPI
May 2023 +6.1% (provisional)
April 2023: +7.2%,
March 2023: +7.4%
February 2023: +8.7%
https://www.destatis.de/EN/Press/2023/05/PE23_210_611.html
Manz, if you believe and support QD misinformation that is as far from realistic as it gets.
Different opinions are one thing QD but spouting misinformation is another. You have the debt numbers stated incorrectly and not for the first time, so can only assume that the misinformation is deliberate.
Https://www.morningstar.com/economy/why-we-expect-inflation-fall-2023-2
Damn the late night 11:45 and the 12:30 Birmingham to London sold out . Thats a rough journey - 4.5 hrs and 1 changeover so you cant sleep
Next strikes are on June 2 and 3 . Trebles all around for the coach net work - lets not forget thats pure profit . Lets say net profit for a regular day is 7% - using that as a base line thats 7% +100%+100% profit
Well said @Paddy, it think he's just despo now to recoup lost money and want to grab this gem for a throw away price..
Quick Dip who talks about risk yet pays nearly £7 for ASOS shares. Bunch of clowns!
Well done Quickdip, what a revelation.. not one single person knew about it that you are supposed to compare gross debt with market cap instead of gross assets, just superb.. trying to say the same thing again and again shows your desperation.. now just because the share price is not going down as fast as you anticipated, dont you start throwing your toys around
Well said quickdip. Too many on here wearing rose tinted glasses and keep mentioning shorters. At least we're realistic
Boring
Great information Hindy. Although don't get why 102 is the special price., and why 103.7 could indicate lower. Let's hope 107 holds, don't fancy 102 ! 🙃
Some very real risks here hence SP hitting new lows every day. £2.8b debt against a sub 700m Mcap. Plenty of companies struggling to refinance debt, especially if margins are low compared to interest. With debt 4x higher than Mcap, if this needs a rights issue in future, the shares will plunge.
* you telling the market not to lower