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cybersecurity is an in fad on the market right now but eventually the mkt will start to pick and choose. the issue with darltrace is the mike lynch involvement, which will create a headwind in the states. they would do well to divest of this asap. as for crowdstrike, its hardly cheap but its well followed and is winning business so you can make the case they can grow into their valuation. i prefer that and fortinet also in the usa to the uk players. but for both i would wait for them to fall out of favour as both has been taken up on the back of recent cybersecuirty interest.
Hey Charles, I'm in Saga too. Nex recently had two broker ratings 370p and 385p.
The businesses has had year on year growth for the last 10 years (apart from when covid hit).
Strong management team too with diverse income streams in different parts of the world.
It's not up one day and down the next.
It's up one day and down for the next four! :-(
I'd personally want to see this go above 400 lol
today youve got more bad press for the travel sector and more covid related bad news. but the sector already has been in a profit taking driven before today. if the recent low at 260 doesnt hold you are looking at 250 and maybe down to 230-200 if that doesnt hold. you need to see a reversal on strong volume or a strong volume up day to change the short term trend. the area between 200-260 should see a reversal happen but its impossible to know when until its happened.
Might be a great time to top up newts
Liberum reiterates buy with a target price of 385p.
https://www.sharecast.com/news/broker-recommendations/tuesday-broker-round-up--8004770.html
The share price is now beyond a joke. What's holding it back? A share price is supposed to be a reflection of the forward performance of the company and this isn't happening with NEX. All the fundamentals are there, plus, right now, the companies actually performing quiet well...yet the price is in the doldrums. I'm in at £1.80, but am very .... off we are not a least over £3.00
I always find it strange that people get so concerned when shares drop a couple of % in 1 day. I measure my investments based on annual returns and don't really care about daily movements.
Don’t worry I’ve lost on other positions since that time. Anyone that says they always win is talking codswallop haha!
I’ve traded back and forth between a number of travel stocks since August time last year, but always kept a core holding in NEX. Have to say that the approach of trading on relative deviations has been very successful. Core NEX holding is ~150p. I’ve checked many times and strangely even outperformed that increase though (across the board), by trading back and forth to “lagging”/“leading” travel stocks at the right points. Not something that will be effective forever though (I know that ;-)
This is really about as stable & long term risk free as you can get.
Bas 24, if you want zero stability don't invest in stocks & shares, put the money in premium bonds or something. Money is made on volatility. If you can't take the heat, don't enter the kitchen, simples!
Incidentally I wholly agree with the logic re domestic vs international travel. The price movements and deviations between these markets is really very, very bizarre!
I hear you but I’d be careful of looking at short term movements personally. Look at EasyJet vs NEX over a year, it’s almost an identical track. I fully agree that is completely insane given the relative debt gearings and risk exposure (chalk and cheese). But for whatever reason they are being bundled. Looked at that element hundreds of times personally as it made no sense to me. I’ve since realised you can predict with a reasonable degree of certainty which travel share is likely to rise or fall at a greater rate by analysing the deviations in relative performance. Why the market is applying that bundling though I genuinely cannot say! It’s utterly illogical.
Other thing I’d say is the since the pandemic hit travel shares have generally tracked each other. Do a 1 year comparison of GOG, Stagecoach, NEX etc and not a great deal in it. Put another way appears no one is really valuing pre-pandemic company-specific performance or even post-pandemic potential-performance. They are just all thrown in a basket and moving in tandem (excluding short term deviations). It’s peculiar and won’t/can’t stay like that.
Not really other than it seems to be reacting in a very sensitive way to wider index movements. When the indexes suggest topping out or dropping (even marginally) NEX is swinging disproportionately. Guess general nervousness!
We're over 5% up this week. If somebody had offered me that this time last week I'd have taken it.
Let's see where we're at this time next week -
Zero stability in this share.