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Literally not.
But Mr Gove told BBC Breakfast the country was "not going back to the sorts of measures that we had in the spring" when strict measures were imposed.
https://www.google.com/amp/s/www.bbc.co.uk/news/amp/uk-54247372
Here we go again
The UK Bus (London) operations are not especially exposed to short-term changes in macroeconomic conditions because the
business receives a fee from Transport for London for operating services irrespective of the passenger volumes on those services.
Its costs and in particular, labour costs, can vary due to macroeconomic changes and also, in the longer term, the level of services
that Transport for London offers for tender might be affected by the macroeconomy The contractual nature of the London bus business means its profitability has been much less affected by the COVID-19 situation than
the profitability of the regional bus business. While financial pressure on Transport for London does present risks for the business,
we have not significantly changed our London bus strategy.
There wasn't a lot of equity left here last time I looked. That and high debt is why this will keep being marked down. Rescue rights issue or D4E might become a necessity. Covid has fundamentally changed the sector and made this no longer inevitable.
Clearly the drop in share price is related to sentiment in the wider market regarding lockdown. However, SGC along with FGP,NEX,GOG seem to have been disproportionately effected. I just wonder how much of Mondays drop can be attributed to the DfT announcement that the taxpayer is effectively taking on the expenses for current rail franchises along with taking the revenue (such that it is atm).
This is effectively nationalisation of the rail network; is it not? See the following link...
https://uk.finance.yahoo.com/news/coronavirus-uk-railway-privatisation-nationalisation-public-160701896.html
So here's a thought. Perhaps SGC are being marked down along with the rail operators even though SGC do not own any rail franchise. These anomalies sometimes occur in the market especially as institutional investors can sometimes get lost in the news cycle rather than judge individual companies on their merits. If this corrects itself over the coming days we may possibly 'gap up' 10% or is that wishful thinking?
10% may not seem a lot given how much I am down on SGC already but I feel this company owes me something; so maybe a quick speculative buy tomorrow with a view to selling at the end of the week? I'm still a long term holder (people will continue to use buses long after Covid) but the opportunity for a short term trade is probably the only way of making some money in this market.
I remember the days where stagecoach lowest price was 12p a share away back 10 year plus I can see it going to these levels this year
Take advantage of the excessiveness of this drop and top up!
If you have any shares in SGC,FGP,NEX and GOG top up now, bring your average down and don't look again for 12-24 months.
Be brave and aware his isnt a short term win.
All 4 are down 75%+ on pre covid SPs, the potential long term upside is massive for all of them.
This just seems excessive. Not even FGP that announced they would face solvency difficulties if there were further lockdowns is down this much.
And we've still not even hit winter yet. If Covid-19 is seasonal then there's a lot more bad news to come.
Looking at the trend since 2015, is there actually a good reason to be in this and not add to GOG and NEX instead?
All but one week since early June has been red and we're somehow far lower than we were in the initial crash... :/ This is tough to stomach, but I think I'll just keep holding for now and hope that there is some good news on the horizon. All eyes on a successful stage 3, I suppose.
In the sense we know the early vaccines will be pants and offer 6 months protection at best. Not all people will want the vaccine, they will wait and see if therevare any side effects. At best most of country will be vaccinated by summer 2021.
Looks like its going to do a few laps of the bottom first Tra1.
really disappointing that good news stories like this do absolutely nowt for the SP! There is going to have to be something of real significance announced soon or I fear we could go even lower.
Ok I get that public transport is an enclosed space but there has not been a shred of track & trace evidence shared recently pointing to Bus useage even tho passenger numbers have now increased from 10% of pre covid levels to over 50%. Very frustrating!
https://www.cittimagazine.co.uk/news/buses-commercial-vehicles/centrica-delivers-e-bus-charging-infrastructure-for-stagecoach.html
According to Centrica, the delivery is one of Europe’s largest single investments in e-buses, and the system has been built to enable Stagecoach to scale its energy needs when further routes are electrified.
https://www.bbc.co.uk/news/uk-england-south-yorkshire-54153262
"Supertram, operated by Stagecoach, said it was moving back to a "nearly full service" as more people return to work and education.
The company said it reintroduced its full pre-Covid timetable last week."
looks like bottom reached yesterday, should start climbing from here
Couple of announcements today from bus companies.
First Group say "Passenger volumes (UK) across the division have increased from c.10% of pre-pandemic levels at the low point to more than 50% last week. The division has recently increased operated mileage to almost 90% of pre-pandemic levels to provide more capacity as demand increases, even as social distancing restrictions remain in place."
Rotala say "At the time of writing passenger volumes are rising steadily as schools have returned and the holiday season has ended. On a like for like basis passenger volumes now stand at about 54% of the same period in the previous year. We expect this upward trend to continue. To match these increases bus service frequencies have been gradually returned to pre-crisis levels. We are now running at roughly the level we were at before the Coronavirus crisis hit."
GM, lots of bullish news in the market today, looks like the pullback is finished now
i hope you bought because it is climbing now, dyor and all that ..
there are few broker’s notes already, they have done the math already for you. Personally i think it is a good time to buy (near the bottom).can easily get 70-100% from here if u r prepared to wait more than couple of days -:), atb
Are stagecoach using there own money or are they being 100 per cent government funded ?, I am also aware they will have contracts with schools to run services which they will be charging for ?, I could put quite a bit more money in to stagecoach but I am not sure how much risk free this would be ?, What does everyone else think ?
...or does it? From 48p yesterday to 42p today. Panic-selling due to rising coronavirus cases but actual deaths are few and far between. SGC is wide open for an opportunistic takeover from any company who can see slightly further ahead.
MM doing their usual tree shake and then raise the price higher
yes, it is recovery time for this sector, with the price of fuel at lowest, good time to buy and hold
Tra1
That's exactly what i have been looking at and the chart is looking very strong into a upward trend, i can see us finishing above 50p today