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This board doesn't affect the share price in any way. Patience on this share is key, there will be a great return and I can see this being a nice multi-bagger over the next 1-2 years.
Based on what exactly? No point rambling on without backing up your analysis.
@QD No point rambling on without backing up your analysis.
It doesn’t normally bother you .
;-)
A lot of UK shares are at 6 month or 1 year lows atm - symtamatic of macro economics - interest rates going higher, inflation not yet under control, the war, possible recession etc etc - so shares are marked down accordingly - one must bear in mind though that interest rates by most economic analysis are nearing their peak and inflation has indeed peaked - markets look forward not backwards and these will be factors going forward - as Buffet famously said - when people are greedy be fearful and when people are fearful be greedy - personally I will be greedy with NEX and continue to add
gla dyor etc
Haha FlipFlop. I see that the down dip has brought you back. Having sold too early last time and going very quiet you must have spent your pocket money and come back for more. For you to speak of ramblings of other people from the worst culprit here is so of the moment. Boris remind you of anyone?
Carrington: A lot of UK shares are at 6 month or 1 year lows atm - symtamatic of macro economics - interest rates
NEX is a global company in the FT250, which is dominated by companies that address the UK market.. Its similar to some of the larger corps in the FT100 :-)
moonman: The the UK stock market is bearish and we need to shift away from the NEX ticker. Historically it may have worked or made no difference, but the past is always different. But I also agree that its strange that the name change hasn't occurred
You do talk some rubbish QD. Trains are used by people with money and people that use buses are so poor they will opt to walk or ride. I would say I kind of agree with your observation (we may be wrong because I’ve done no research and it would be ridiculous to assume you have) but I certainly reach a different conclusion. I think trains are/will suffer as the average train commuter has probably switched to hybrid working, cutting train use. I do associate buses with the elderly, students and lower paid workers, who aren't going to ‘benefit’ from hybrid working.
A quick break down of what you a getting at decade lows, because of rising rates and the city is desperate attempt to break it up for a quick buck. As QD demonstrates there is always too much attention paid to UK coaches… probably one reason to change the name, to stop the domestic investor looking down their nose at it.
NXWM operate an 80% bus monopoly in the West Midlands where Im doubtful usage is likely to recede any time soon, with people opting to walk to save £2 a journey.
Durham School Services, the second largest student transport operator in the States, they’re picking up slighter fewer contracts than expected but nothing to say it’s fading. US school boards are unlikely to ask their students to walk/ride in and I think its a safe assumption that US states will not cut funding and add millions of car journeys, so another solid and necessary business. (It’s also worth mentioning that first sold first student, roughly twice the size, for $3.5b and that’s the only reason the balance sheets look good over there, where do you think they’ve found the money for buybacks)
You have Alsa which is another monopoly, operating a very successful coach network across Spain as well as bus services across Spain, Morocco and Portugal.
You have German train which couldn’t really have gone any better and must have enhanced the brands reputation in that region.
And of course UK coaches. They seem to be doing well off the back of train strikes and people tightening belts where possible.
All in all a globally diverse company providing essential services. On paper this is remains safe and reliable investment with a potentially huge upside.
Gengis "NEX is a global company in the FT250, which is dominated by companies that address the UK market.. Its similar to some of the larger corps in the FT100 :-)" - yes I am aware it is a global company, one of the reasons I have invested in it as it spreads risk - not sure of the point you are trying to make - inflation, interest rates etc are macro economics that currently affect ALL countries that NEX has a presence in - the US are ahead in terms of controlling inflation/interest rates compared to Europe/UK , which will hopefully auger well for the NEX market in the US going forward, with inflation falling and with interest rates being closer to a peak over there - this can be seen with more market commentators in the US predicting the start of a new bull run - will have to see how it plays out
gl dyor etc
Carrington
Sorry didn't mean to imply anything like that. Its a good point that all markets are facing the same macro issues .. There has been been a a lot of downer talk about the LSE as well
NEX turnover is £2.8 billion - thats a lot of bus tickets across a lot of jurisdictions (except for the US school business )
If you book a few days ahead the average coach ticket price seems to be £10-12 rising to £25-£25 as the coach gets sold out.
Thats a serious amount of tickets that need to be sold to reach £2.8 billion
First group having a good day and NEX having a bad one. This is going to get a lot worse. The signs are there, and now the usual bulls will start whinging