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Up down which is surprising as Company buying own Shares
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decent results and divi should mean sp rise imv.
The thing is of course, they are not bidding for any more rail franchises. Arguably not a bad thing in some respects, but the loss or revenues may well be factored in today as well I think.
Bad day for SGC with the shares taking a beating. Not sure I understand why given the bads news is already reflected in the lowly SP. My view is there will be consolidation in the sector in respect of road transport and Nat Exp et al must be looking at SGC who have now made it clear Rail Franchise is a 'poison pill' they want no part of.
All theory of course but with the divi well covered its hard to see much downside from here but never say never.
Hi Harrycash
Let's not forget SGC recently sold it's American operations, so the revenue we used to get from that may well be factored in. With that in mind, Stagecoach is now predominantly a UK based business, and with that comes the issue of the Political uncertainty/turmoil of Brexit and our Government's inability to lead effectively.
Then of course, add to that the poison chalice of rail franchises.
Dark days indeed. I can see is hovering around these prices for the foreseeable short term I'm afraid.
Trent. Have to agree without some postive news going to see the SP 'rangebound' for some time. Had a 'stop' on these at 109p and figure will leave it at that before averaging down more. Markets up today away from 'defensives' like SGC. On a positive note. SGC know the 'bus industry' which given all the bad news still makes a profit. At these lowly SP levels someone will be showing interest. Albeit some vulture VC or best case scenerio Nat Exp et al.
All theory of course but divi makes them attractive at present and loss of the rail franchises will impact revenue 4sure but will also remove the 'risk factor' on the shares. Now SGC are 'boring' but kind of 'risk free'.
Harry, boring , risk free and cash generative in a big way, with the upside the legal case against Mr Grayling will yield a few bob.
Yes, of course. You have some good points Harry. All the cr*p must now be factored into the sp. There can't be much, or any more to stir the pot any further. Fingers crossed.
See some late 'dumps' on shares at 117p+ so guess more pressure this morning but a 'bounce' once the 'overhang' is cleared. Certainly hope so or else my 109 'stop' may get tested.
Only thing I can see for yesterdays SP drop is Deauchst Bank giving a 155p guide on the SP. Hardly justifies near 10% drop on SP
This is becoming like a 'day trade' share with ups and downs. Still don't see much downside risk from 115/120 range but markets are still jittery and UK is struggling with Brexit nonsense. But 'bus routes' ain't affected so really SGC should maintain rev/EBITDA numbers. Ok loss of Rail Fran's is a blow to revenue growth but guess if Corbyn and Co 'get in' the Operators of Rail Fran's would get seriously hammered. For me SGC sticking now to what they know, buses, is a bonus at present SP with solid divi that's unlikely now to be re-based
All theory of course but kinda hoping I hit my 109p stop to average down again.