Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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I am a bus driver at a London garage for stagecoach and have been told that we are getting our pay rise this week it should of been in April but was postponed because of the uncertainty of the pandemic. This gives me confidence that the company must be in pretty good position financially. We will find out on the 22nd when they release their results.
IMO, the price needs to break through 54 and then 56. 8EMA is at 55.75 should be resistance. If we break 56 then it is onto 60+
It will fall a lot further, perhaps an emergency rights issue or even government intervention of some kind. Stagecoach will only recover from a low which I have mentioned.
Agree 100% with the two previous posts.My feeling is that once we get into Q1 2021 this current price will start to look very cheap. Until then however it's a rocky road. I'll stick my neck out and say I don't think sub 40p is likely but if we has a second wave of the flu and another lockdown then all bets are off.
I bought in around 75p but will top up at some point. I'll wait until after 22 July results because I'm not convinced we have seen the bottom yet. Longer term however this is a great price to enter.
Thanks for this. July update is the key and will give this direction and hopefully take us out of the shadow of First Group.
Brought in at 53p, I am currently in National Expresss also, i think the drop against transport has been completely overblown.
Its now way behind the FTSE Index which is already factoring in a lot of fear.
https://seekingalpha.com/article/4357693-stagecoach-is-not-first-group-attractive-entry-point
What level did you buy in at for SGC?
Bailed this morning 4k loss and stuck the 10k in Boohoo. I'd expect there is still plenty of growth today in boohoo. I'll come back to SGC later this month
I'm in at around the same level as you, I would be very surprised to see this fall much further than it is now. It's surprising that there isn't more interest considering the very low PE ratio. GL all
Always feels bad when you buy a share just before a big drop. It is why you always need an exit plan to cut loses (or take wins). Nowadays, I never buy in one hit. I rather average in at higher prices than invest a full amount and watch a 50% fall.
One positive Is the price of crude is now much lower than it was 12 months ago. Another is the govt has given them cash bailout money in the form of a grant which wont have to be paid back . These factors should offset the lower passenger numbers over the last couple of months.
Good Post. The bottom line is Stagecoach has to earn the right to have a SP of 50p which would be a fair reflection of the fact it will not operate at full capacity. In the meantime, the SP will drop, I keep saying 25p.
I'm no expert but I've twice used FGW trains over the last couple of weeks - they are MUCH stricter regards masks must be worn and social distancing must be followed. The trains were empty - literally - I had the whole carriage to myself and it was a Midlands train to Paddington on a Monday morning! I've used stagecoach buses also numerous times over the last few weeks and I can confirm it's a VERY different story - the buses are much fuller regards passengers than the trains and the drivers aren't legally able to stop people getting on without a mask so masks and social distancing if I'm honest was really quite relaxed - first great Western was very much stricter bordering on intimidating. Stagecoach buses are running barely any different to normal service from my own experience - busy buses, plenty of people using them and unlike FGW the rules were much more relaxed. Don't know if that is any help to holders here but that's my own experience.
I bought in here at 72p, this is just sinking. Can't believe this is going so low with public transport opening up.
So passenger numbers were down 90% in March which is obvious was going to happen. Lockdown has since eased so I imagine the numbers are more positive now. But for First is looks like a lot of their negative results were due to their US business and debt problems. I don't know how I feel about the 22nd for Stagecoach but I don't think the results will be as bad imo. Thoughts?
They are going to publish their preliminary results for the year ended 2 May 2020 on the 22nd of July.
Bought a nervous position here. Despite the price weakness, it should find some support around this level and bounce. I say nervous because if this does break down, I don't see any support until around 27p! that's a big drop from here. On a more positive note, I looked through the balance sheet and income statement and SGC really does appear undervalued. Open to listening to other opinions.
I do hope youre right. Just wondering how low this is going to go. It seems to be in freefall at the moment. Already tested the low posted on the 14th May. Back up from here or much lower ?
Wow. Don' t worry Stagecoach will be a quid soon, honestly, not joking lol
PETERASHBECK YOU ARE SPOT ON!!!
It will double from 25p to 50p
I think that it is highly unlikely that this share will nearly double in the next four weeks.
I don't know look at the BLM protests in London almost a month ago, we had thousands of protesters in London and we haven't see a rise in cases. I guess we will have to wait and see but your right its gonna be a couple of months before this stock price starts to increased, kinda PS as I bought in at 70's.