Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Good buying opportunity
I'm new to this share....Does SGC pay dividends once a year or twice a year?
GZ, that statement re Covid has been mirrored by all in the industry in results and trading updates and is obviously a disclaimer in these uncertain times. For me the key things to consider are,
Is public transport here for the long term albeit in a different world post covid?
Will Govt continue to see it as vital to the recovery of the economy and continue to support as long as it’s reqd?
Will we get control of the virus?
When the support stops and profits return does this Company have a good dividend history?
Have SGC performed well in recent years?
Will there be opportunities for SGC to grow in the future?
IMO the answer to all of the above is yes and that’s why I’m here and adding more when I can, don’t side on the sidelines to long.
GLA!
Clemroc, I think the Interims are due around the 10th December.
This text was taken from their August Full year Annual Report
" The COVID-19 pandemic has had
a significant adverse effect on the
Group’s financial performance, which
is continuing. Government payments
have mitigated the effect to some
extent but the Group’s current
financial performance is nevertheless
significantly below previous
expectations as a result of the
COVID-19 situation. " Im still observing from the sidelines having taken a not insignificant loss week before last. If this goes up again on Monday it will be breaking out of a 6 month downtrend on the daily chart so I might be tempted back in on any pullback.
Agreed looks good
Seems like a good price to get into this one long term. Correct me if I'm wrong, but it seems to be down similar amounts to/more than other hospitality & transport companies, but unlike say airlines who are losing half their market cap each year, SGC is EBITDA positive. Got a decent amount of liquidity. Strong government support for bus companies. Chart also stabilising.
Plenty of scope for upside:
- recently announced support packages giving some positivity to the market
- country getting on top of virus cases and cases starting to go down
- anticipation of vaccine as we're getting closer to the period they're expected to start being approved
- actual vaccine approval announcement
Not sure what the downside is here to be honest given the current mcap?
I've been in SGC on and off for quite some time myself, trading the swings and bagging a few freebies along the way to be fair, but that said, I do have a soft spot for this one. I have for a number of years since I used the East Midlands trains to get to and from work. The train crew were always very pleasant with me.
I buy once, maybe twice a week... this is a long term venture for me at least 2 years, the baye scheme has been suspended till next year.... so I’m happy the sp is low... the lower the better... after all no one is going anywhere in the short term.... just buy and forget...
I started buying into this on the 5th of March, at 117 then continued buying the dips believing in the Company and thinking the sell off was overdone each time. Daily chart from then looks horrendous because every single time there was a decent price increase like yesterday there then followed many days of red taking it down even further. Talk of 2nd lockdowns up and down the Country makes me think that again yesterdays rally will be a flash in the pan. We will see. Im not invested now that alone usually does wonders for the SP.
This will be bouncy at these levels ftse 100 not moving nor will we.
If this will make some new lows, I sold out last week thinking it would go to around 29p before I would buy back in. Sold 40k on Friday alone and now on no news on the very next trading day it rises 13% Flabbergasted !
GOG up 8% too. Perhaps institutional investors have finally realised what a bargain price these shares are.
re-rating or something more exciting maybe?
Don't know
But bloody happy ??
It’s what happens at the stock market.... sp goes up and down on a daily basis.... nothing really exciting about it really.... don’t start blabbing that this will be 50p by the end of the day.... cos it won’t...
Probably Brian Souter just moving funds. Loading up before the big rise in the share price next year
Maybe an institutional investor is loading up
I was just about to ask the same thing
Whats happening???
You are Absolutely spot on Moonman!
More Good news!
https://www.transport.gov.scot/news/further-526-million-to-maintain-bus-services/
(Sharecast News) - HSBC downgraded its stance on FirstGroup on Wednesday, but lifted its ratings on Go-Ahead and Stagecoach as it took a look at UK bus and rail operators.
The bank, which upgraded both Stagecoach and Go-Ahead to 'buy' from 'hold', said the sector is extremely cheap. "The sector has been here three times before and it's rebounded," HSBC said.
"It's true that some verticals (eg UK bus) could take time to see a recovery, but they are being underpinned by government support which we expect to remain until the sector returns to profit.
I spent two hours the other day going through the entire FTSE 350 looking at the charts for each stock - I was actually really surprised how many companies have made an almost complete recovery, really there are very few companies out there, apart from perhaps on AIM, where the share price is still on the floor, at or just below the march lows.
This is getting shorted by the big guys,
This wants to move big without buys coming in watch for the jump to 50p in the next month.
Stagecoach are not being draconian over any social distancing at present and never really have been..... yes they’ve put up all the posters about social distancing.... but just like many other businesses it’s just a formality they’ve had to go through, so it can be seen to be complying with government policy..... reality is it’s getting backsides on seats... and nothing else.. otherwise they would have enforced the mandatory wearing of face masks on public transport.... they didn’t, what they did was to allow snowflakes to self exempt.....