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This is just junk right now.
And if it was such good value people would be piling in, not dumping.
Ok it made no difference
That lasted long as usual!
Birmingham bus fares to increase - all day tickets & weekly passes to see price rise
https://www.birminghamworld.uk/news/birmingham-bus-fares-increase-all-day-tickets-weekly-passes-4188684
Bus fares in Birmingham and across the West Midlands are set to rise - and the operator is reviewing whether it will continue to participate in the government’s £2 price cap scheme.
All day tickets and weekly passes are being hit by price rises from July 3. The fare for a National Express West Midlands all day ticket is going up 50p from £4 to £4.50 from Monday 3rd July 2023. A weekly pass will be £17, a £2 increase from £15 currently.
It pointed out that costs including fuel, electricity, parts and labour have increased to 125 percent while the number of people using buses remains around 90 percent of what it was before the pandemic.
Is all I’ve been waiting for
If this is it and we start curling back up from here
Shorts should start reducing soon.
There silly if they don’t
That’s my opinion anyway
Let’s see
Good luck everyone
One last little duck to get inline then we grind higher
National Express partnership providing first-ever sustainable shuttle service to Glastonbury Festival.
...
It’s an innovative solution for sustainable festival and events travel which we look forward to introducing to the sector.
Good to see more of this now travel sector is gathering pace....
https://www.business-live.co.uk/enterprise/national-express-partnership-providing-first-27160452
I'm hoping, with the change of name, they sell part of the company, to lower debt. That should see the sp rise nicely.
Well its perked up the sp.....
NEX are essential system, at some point there will be a massive government injection of cash as they are needed for the broader economy.
At this price, the chance of a takeover bid are very good, even at £1.2b takeover it would be a bargain.
NEX is easy meat for the shorts to feast on short term - sentiment is against NEX with interest rates rising, inflation still not falling at the required rate, the war etc etc - the shorts will have to cover their positions in the lead up to the NEX results however at the end of July which will imo be good - RR. shorts got massacred when they held their positions and the results went against them - I expect NEX to keep testing 110p maybe even the 105p bottom level on the 30th May over the next few weeks but then rise on the lead up to results - lets see
gla dyor etc
Mobico Group is a leading, international shared mobility provider with bus, coach and rail services in the UK, North America, continental Europe, North Africa and the Middle East.
The Company's stock market TIDM will become "MCG" tomorrow, 21 June 2023.
At this price us long term holders are doomed.
I still have faith that Nex will turn around
At this price its a strong takeover target.
National Express are an essential service with massive transport networks and contracts across multiple regions.
Can see either a fund or rival but in an offer now to takeover to sit on for a few years while the economy turns around.
"Nobody would know"
hypothetical scenario ....
For the sake of appearances they need to wait atleast 30 days. Nobody knows whether the takeover bid was out of the blue or there was a proposal being discussed for a while ...
Manz :“ There is no takeover bid as directors bought on the 1st of June and I dont know how long the cut off point is but any bid this year and they will be liable for inside trading. So that's dented any takeover bid.”
So in other words if a company decides tomorrow to place a bid for national express,they cannot do it because directors bought 50k worth of shares a month ago? It’s not like they have a crystal ball or something:))
July 27th is a good 6 weeks away. Could take a good tanking before a positive update. And let's be honest a move upwards is always reversed after a few days. Trend is down until something concrete appears that the big boys like.
Paddy and Poker are hiding because they know their judgement has been completely wrong. First group are flying as are other travel stocks. Carnival with a gigantic debt almost 10x NEX debt is performing better.
There is no takeover bid as directors bought on the 1st of June and I dont know how long the cut off point is but any bid this year and they will be liable for inside trading. So that's dented any takeover bid.
I know NEX has been longer and painful than most others, but there are also plenty of other companies getting the same treatment right now. If the market is saying the UK will suffer inflationary pain for longer and hence higher interest rates, the very simple view of funds is sell UK buy on the DAX, CAC or just about any other country's exchange. Bailey is too weak to manage the UK situation ... didn't exactly shine at the FCA either did he? He needs to ruffle feathers and won't.
What I do think is being overlooked here is that NEX debt structure is in the currency of the business where the debt is held ... assume therefore that a significant amount of debt is structured around the US and EU rate, not UK.
That is frequently seen after hours - these are off book transactions , very unlikely to be a buy, but not impossible
a £4 million transaction is far too big compared to other transactions seen today . It would be broken up into smaller parts
19-Jun-23 16:59:00 112.60 3,900,000 Unknown* 110.70 110.90 4m O
The macro scene is changing all the time and become bearish
the market needs to see how NEX is coping with a high inflation and high interest rates ..
It feels like we have another seller as well (look at the UT price) , maybe another institution exiting, or more likely JPM / Black Rock completing exiting their positions. Their holdings RNS just means they are below the reporting threshold. I think the later would make more sense becasue you might as well exit completely
What difference will a TU actually make?
F all imo.
It will rise on the day as ever one has since last July, then will get sold off or an analyst will downgrade.
Either the market has got this wrong, or most of us who have been here the last few years have completely misjudged this.
This desperately needs a major shareholder or even an activist to kick the board up the a55. I mean look at how it has performed since the dividend announcement in March.
Anyone would have thought they cut it, not reinstated it.
Useless IR also imo.
Well last year Trading Statement was on 7th of July, so 3 more weeks of this
3 weeks cant wait ooooh