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I'm surprised no one has commented on today's news that NEX have suspended all national coach services...
https://www.bbc.co.uk/news/business-55576567
Market reaction? Share price goes up. On a long term view, I'm a fan of both NEX and SGC but c'mon there is no way the current share prices reflect today's business environment. People will say that the market is forward looking and values where SGC will be in 6 months time with full vaccine rollout. I'd say this discounts a lot of the risks regarding full take up of vaccine, logistics of vaccination, resistant strains of virus, slow return to public transport; not to mention the ongoing financial strain of this second lockdown.
All of these risks are known but what worries me is that the market has completely ignored them. Look at Mitchell & Butler today. That trading update should have knocked at least 20% off the share price but the market hardly flinched. I wont even start on bitcoin, tesla etc. We are in serious bubble territory; time to get into cash.
Don't let us stop you selling if that's what you want to do
Yes castle 2012 I agree with you. I have worked for them as a bus driver for 20 years come October and filled my boots up with these and have an average of 59p. Come summer I would expect to see at least 100pc profit. Happy days
Hi tweedledee
Are SGC still running there bus service in londn scotland ect is the gov still oicking up some of the tab ? Thanks as i am thinking of putting some money in
Primetime51 I work for them in SE London. TFL contracts so we don't get paid by the passengers but TFL itself by winning the tenders which means passenger numbers don't matter so much. As far as I know our regional garages are still being helped by government grants, maybe a member of staff from one of them can confirm this. Now the vaccines are out it's all a matter of patience waiting for things to return back to normal.
Thanks
Dipped in a small amount for now will add some more on any dips .
Sgc has not jumped up as much as nex & gog % wise so hopefully will get there