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Sadly - and I say this as a beleaguered holder not trying to deramp, it is clear that we are heading into another wave and doubtless there will be some kind of lockdown in the months ahead, which is depressing share prices, especially travel stocks. Fundamentally, SGC is fine, but I expect it to fall further, how far is anyone's guess. Long term it will be ok, but I think people will be encouraged to work from home for some time now, meaning passenger numbers will be subdued. I hope to see it above 100p at some point, but honestly, I think that is years away. Sorry to be the bearer of a bad opinion. Good luck.
We're each entitled to our view but this is one of those where you need to move early if it's to be worth the risk of selling and moving money elsewhere. 66p is the price now in which I would load up again, otherwise I'll stick with what I've got.
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 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.
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 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?!
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 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.
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
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