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I think the company will produce mediocre reports this week, I don’t think they will be bad nor good. They have already made some redundancies, not drivers but operational staff. The remaining drivers on furlough around 20% are being brought back. Services and passenger footfall are certainly up at the depot I work at. Children going back to school in September will see buses more or less back to normal as social distancing on buses will be near on impossible then. Plus more parents will also have to go back to work then..
I agree, mediocre results is most likely. Having said that, mediocre is about the best companies can hope for atm - anything north of absolutely shocking is good right now. Not sure how the sp might respond to mediocre results, probably a small rise but I think it'll probably continue to trend up over the coming weeks as more people start using the buses - aimo.
Like i said i have a limit buy set, and would not be surprised if we saw a monetary knee jerk drop of anything upto 10% followed by a swift bounce back to about these levels, followed by a hesitant rise, as said, public will be going back to transport more and more
I may even buy some before and after if they do go lower, if you buy now and they go to 40 would you really still be disappointed ?. I am no expert but these shares I would think will be at least a pound in a year or maybe sooner. I don't think anyone judge what the lowest they will go but they already low anyway. Stagecoach are also in a better position than first so I've heard.
At the moment I don’t care whether the price fluctuates a few pence either way over the next few months.. At the moment I’m in their baye scheme currently suspended because of Covid, hopefully this will return soon... However in the meantime because I wanted these at the lowest price I’ve opened up an ISA solely for stagecoach shares.... only time will tell....
Hi Barney, I think the same as you, you will never be able to predict the bottom, all we know is that these shares are low as it is. The company has suspended the shares like you say and it won't be till september until everything starts getting back to normal.
Craig30 " it won't be September until tjings get back to normal" CORRECT THINGS WON'T GET BACK TO NORMAL UNTIL SEPTEMBER 2022!! this is when everyone in the world including sub saharan Africa has been vaccinated. In the meantime, Stagecoach SP will recover from 20p to 50p when the Vaccine becomes available.
Have just listened to a podcast uploaded today by the interim managing director....... she seems very upbeat about the way ahead.... so I’ll stick my neck out and say everything looks positive long term
I do not expect them to be 'hugely upbeat' regardless of the figures. It would simply be irresponsible to be anything other than cautious. I therefore expect the results to be largely down beat.
However, I believe most of the bad news is already priced in to the share. 50p seems to be a very strong floor to the share price; we have bounced off this level several times. My only worry (although I don't expect it) is for some unknown bad news to emerge which would crash us through the 50p support.
For me, the big news will be if they intend to pay the interim dividend in October. I believe market (and my personal) expectation is that they won't. Having taken government help, I cannot see how they could pay a dividend.
Would anyone buy some today on the off chance that shares may rise from tomorrow ?
I'm I right in saying the update will be on the stagecoach website from 9 am ?
Should get an RNS at about 7:30am. Click on RNS icon above.
There is no way they will pay a dividend in the current climate. Think investors would freak out at that. Cannot see how the results will be good but a decent, upbeat review will be welcome. I think SGC has already taken a big hit with First results so don't see how the market hasn't built that factor in for SGC and what the results show tomorrow.
Re Craig30 No!!! But if you have some spare cash then who knows! I was looking to top up but gently gone off that idea during the day.