Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Why would revenue return to pre pandemic levels? Millions of people working from home and will continue to do so. Even when people go out, not using unsafe buses due to. My friends & I take it in turns to drive.
Radical changes needed for this & other transport providers to get back to normal.
The whole transport industry need to up its game. People vote with their feet when they have a choice.
All IMO
Why would revenue return to pre pandemic levels? Millions of people working from home and will continue to do so. Even when people go out, not using unsafe buses due to. My friends & I take it in turns to drive.
Radical changes needed for this & other transport providers to get back to normal.
The whole transport industry need to up its game. People vote with their feet when they have a choice.
All IMO
SP on the hourly chart is touching 70 on the RSI.
On the daily chart the SP is within touching distance of the 20DMA and just above that line is the 200DMA...
Today wasn't really a green day, most markets are red, if tomorrow is green and this can push the SP to over 77 which is were the 200DMA sit, that surely must be very bullish and if that happens the SP will also be above the 70 on the hourly RSI which is another bullish signal and all this should trigger the algos to buy.
So this could go even better tomorrow or very soon as long as sentiment don't suddenly turn around ie hopefully infections carry on going down and tonight we don't get surprise.
Hopefully it doesn't find resistance at the 200DMA which is possible but I doubt it as things look up and the SP is already so low...
It will get over 90 before Christmas Chri55
It's still around 30% down on its peak a couple of months ago, brokers are saying 125p, so I think it has some growth left. Amazing how the SP can be so manipulated. I wish I'd topped up in the lower 60s, but I still think it is a bargain below 80p.
Had a buy order at 63p to add to my holding so slightly gutted that it didn't get filled - seen this scenario played out so many times where the pi's get shafted as the share is walked down, only for the big institutions to fill their boots when the price gets into crazy oversold territory - clear institutional buying again on the dips this morning which augers well for SGC going forward
gla dyor etc
Not sure of the reason for the sudden surge. Go Ahead up too. May see some profit taking though.
CHRi55 don't forget that NEX have a lot of value stored in their business divisions... you can kind of see that from the £1.2b in property, plant and equipment and also the whopping £1.9b intangible assets - they will be able to sell off parts of the business to pay off debt if needs be in the future.
I think this is now an excellent recovery stock. Rotala is a bit behind but am fairly confident will follow. What is so frustrating is we are merely climbing back up the ladder..
Rotala update today. Good summary of the industry. Life support and hope.
@CHRI55
Fundamentals haven't changed. I'm 25% down. But then again, investments should be long term. So no-one should be worried by what is happening now. I'll take stock in two years time.
If anyone just wants to get rich quick. Well, it's not for you.
Deaths are tiny. This is scare mongering. Let’s get jabbed and stop talking about it
Also Boris carved out transport from self isolating which is a small positive in a world going ping crazy
Hey Moonman, unfortunately I’m not in the position to promise SP increases my friend! It was simply my thoughts after a pretty decent set of results given the Covid factor. The fall since then is purely down to the massive wave of covid yet again and is clearly the same across all travel stocks. I could give my thoughts on what might happen with covid but you might take that as a promise as well!
It’s great you’ve finally managed to get on board now tho, just a pity you were too busy listening to that daft app of yours when it was only 36p.
Look back, I was plugging everything into SGC at that price, I don’t claim to be Einstein but have done alright eh! GLA
This got to 87p last April months before there was any vaccine in sight!
Beggars belief we’re 25% lower than that now. One can only hope this market madness comes to an end sooner rather than later. It’s not good for our health watching this slide unfold.
The market seems to have little confidence that everything is going to be ok. Funny money (QE) pushing up prices, Inflation rocketing (house prices etc though continually ignored by the bank of England) and inflation now elsewhere lurking is supposed to lead to Interest rate rises, but I don't think rate rises will happen and the continued eroding of the value of ££'s via inflation continues to go unchallenged by any politician.
I really can't believe this is almost back to where it was after the first vaccine was announced.
The whole stock market has taken a hammering. Not sure where the bottom is for Stagecoach. :-( The price seems ridiculously low.
I am comforted by the additional extended support of £225m the government is giving to help bus companies through from September 2021 into mid 2022, dampening the short term risks ahead. The share price falls but the business is in good shape, arguably no worse than pre pandemic thanks to all the government support and the ability to post a profit despite a sharp fall in revenues last year - and yet the share price is less than 50% of what it was in February 2020.
I definitely think this is a buying opportunity.
Chris,
"Just feel for those selling and losing 1000s...GLA"
Those losing 1000s are those of us holding, well done to those who have sold since it reached a pound, much wiser than the rest of us. You've saved yourselves up to a 40% loss.
I only bought back in here after what seemed like an over-exaggerated drop following the news that the founders were selling down the majority of their holding, albeit gradually over a ten year period. It's amazing to think we'd need a 60% rise to get back to April's high and 80% to reach Liberum's broker target set just two weeks ago!
This has got to be viewed as quite the buying opportunity, surely?!
CHRI55 I think it will be under all labour Mayors. Manchester i.e.. As I said it is very political. If Boris says left, they say right. If Boris says black they say white...
I certainly hope you are right tweedledee96 and I am wrong. There are 50,000 infections today - which is where we were in January. However, the hope is that the vaccinations are reducing hospitalisations. I've always said we have to live with it. I agree the company fundamentals all look fine and the SP does on the face of it seem far too low. Let's hope for a better week next week.
Ian1970 If the government thought that we would anytime soon be going into another lockdown they wouldn't be putting us into step 4 of its roadmap out of lockdown and legal restrictions replaced by guidance only. Sadiq Khan is only playing political chess by making it mandatory to still wear face coverings on TFL buses and tubes. I am a driver for stagecoach and today we all got sent an update for procedures when Boris's new rules come in on Monday. It is very long winded so I will keep to just what I think may be of interest. Face coverings will still be mandatory on our buses and in the workplace, social distancing will no longer apply, ALL seats can now be used and also standing for passengers, in other words back to full capacity on buses. Our work from home will cease on the 26th of July when all staff will return to their offices. It doesn't make sense that our SP has crashed for the past two weeks as I see no negatives about the company or its future. DYOR etc I definitely smell a Rat here with the MMs.
I would say the market values stagecoach around 85p currently. With positive sentiment and the hope of normality returning it has the legs to push on much higher than that, with enough negativity there is the selling pressure to push it a good bit below that.
Yes the risk of business being severely affected again is definitely being priced in, as is the risk of a deeper market-wide correction having a knock on effect to stagecoach.
That's £7b of revenue to be fought over...