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If this will make some new lows, I sold out last week thinking it would go to around 29p before I would buy back in. Sold 40k on Friday alone and now on no news on the very next trading day it rises 13% Flabbergasted !
I started buying into this on the 5th of March, at 117 then continued buying the dips believing in the Company and thinking the sell off was overdone each time. Daily chart from then looks horrendous because every single time there was a decent price increase like yesterday there then followed many days of red taking it down even further. Talk of 2nd lockdowns up and down the Country makes me think that again yesterdays rally will be a flash in the pan. We will see. Im not invested now that alone usually does wonders for the SP.
I buy once, maybe twice a week... this is a long term venture for me at least 2 years, the baye scheme has been suspended till next year.... so I’m happy the sp is low... the lower the better... after all no one is going anywhere in the short term.... just buy and forget...
I've been in SGC on and off for quite some time myself, trading the swings and bagging a few freebies along the way to be fair, but that said, I do have a soft spot for this one. I have for a number of years since I used the East Midlands trains to get to and from work. The train crew were always very pleasant with me.
Seems like a good price to get into this one long term. Correct me if I'm wrong, but it seems to be down similar amounts to/more than other hospitality & transport companies, but unlike say airlines who are losing half their market cap each year, SGC is EBITDA positive. Got a decent amount of liquidity. Strong government support for bus companies. Chart also stabilising.
Plenty of scope for upside:
- recently announced support packages giving some positivity to the market
- country getting on top of virus cases and cases starting to go down
- anticipation of vaccine as we're getting closer to the period they're expected to start being approved
- actual vaccine approval announcement
Not sure what the downside is here to be honest given the current mcap?
Clemroc, I think the Interims are due around the 10th December.
This text was taken from their August Full year Annual Report
" The COVID-19 pandemic has had
a significant adverse effect on the
Group’s financial performance, which
is continuing. Government payments
have mitigated the effect to some
extent but the Group’s current
financial performance is nevertheless
significantly below previous
expectations as a result of the
COVID-19 situation. " Im still observing from the sidelines having taken a not insignificant loss week before last. If this goes up again on Monday it will be breaking out of a 6 month downtrend on the daily chart so I might be tempted back in on any pullback.
GZ, that statement re Covid has been mirrored by all in the industry in results and trading updates and is obviously a disclaimer in these uncertain times. For me the key things to consider are,
Is public transport here for the long term albeit in a different world post covid?
Will Govt continue to see it as vital to the recovery of the economy and continue to support as long as it’s reqd?
Will we get control of the virus?
When the support stops and profits return does this Company have a good dividend history?
Have SGC performed well in recent years?
Will there be opportunities for SGC to grow in the future?
IMO the answer to all of the above is yes and that’s why I’m here and adding more when I can, don’t side on the sidelines to long.
GLA!
I'm new to this share....Does SGC pay dividends once a year or twice a year?
Clearly many are seeing it as a good buy opportunity, nearly twice as many buys as sells today!
Trades 549
Vol. Sold ; 360,553
Sold Value ; £138.45k
Vol. Bought ; 673,647
Bought Value ; £258.68k
Ive asked this question before and TBH never really got an answer I understood but why when buy volume for a stock is considerably greater than the sells does the SP fall significantly?
I know the markets are all down today etc but I just don't get this!
The LSE does not report buy or sell, only that a trade happened and the time. Platforms like this guess based on the price at the time, but as you know the price can rapidly change and reporting of trades can be delayed. So in my opinion the buys and sells reported are almost worthless.
Cheers Matty, definitely a more straightforward and understandable answer than ive previously had. GL
it's all a con, the exchange knows EXACTLY what trades are what, they just like to obfuscate it, so that prices can be manipulated, because there is NO genuine reason to withhold that information, just like trades can be reported late or completed after market hours.... why?
Bang on there Matty, although I wouldn’t use the word guess, if the transaction is above the mid point it is a buy and below it is a sale. Things are that quick and the spread moves all the time it makes that info completely worthless.
What happened today chaps? Just invested in here seems a bit of a basket case share, Fundamentals look good, fair enough a bit of debt but I am surprised it is diving 5% for no apparent reason. I thought I was buying in at the bottom.
A lot interest should be building up in this share. Price is too cheap to ignore. Can only see upside from here.
One of the reasons public transport will get busier is because ppl will not be able to afford taxis in this pandemic period.
I’m afraid I don’t share your optimism.
Where will people be going in the short/ medium term.
I do hope that this should at least be near the bottom .
Government assistance absolutely essential to the survival of sgc. The nation’s bus services are an essential service in a small highly populated country like ours even more so than the US so I’m confident that help will be maintained throughout the winter.
But that’s my logic, not the government’s.
Maybe an optimistic bid will arrive at a surprise time?!?
It’s strange really, we all knew another lockdown was imminent but we all know that the markets will still fall tomorrow.
I’m really thinking of selling everything tomorrow , ( at a substantial loss) and coming back after the new year.
I know a lot have people have made a lot of money buying on the April dip and selling on the June high but I wasn’t one of them.
I know we can’t predict the low and time things right but I’m pretty sure now isn’t the low.
Good luck to investors everywhere, I think I’ll sell and buy a small flat the rent out and hope a boom in the housing market comes.
Oh, and I’m not sure I’ll ever vote in a national election ever again.
This would be the worst possible time to sell ?. Things are not getting back to normal anytime in the next few months. Until it does the government
will keep supporting.I am hoping the end of next year this share will be at least 60 pence.
Hi. So you don’t see the sense in selling tomorrow then buying back after the price drops, then keeping until 60p ?
I’m hoping we’ll just see a relatively meaningless drop tomorrow across the market followed by just more sideways movement in the mid to high 30s because of the following:
this was already priced in when it dropped back to 36p
Pretty much everyone expected this
Furlough extended for the month
Lockdown only planned for the month, meaning there’s a light at the end of the tunnel this time, plus we know lockdown successfully reduced cases last time
I just can’t see how this can be a bad 2 year hold. I can’t see the government ending support, the mcap is already tiny, we’re not losing so much money requiring a big dilution afaik, with so many companies trying (11 in final stages I think?) and such incredible governmental support surely there’s no way a vaccine won’t be ready in the relatively near future.
So basically I think I’m just going to hold, and if I find myself 50% down, which I can’t see, I’ll just buy more.
Does anyone know how much revenue (if any) SGC generates from school services? As that would be another positive since they’re staying open.
@cumbrian what's your average? I would seriously advise against selling off at a substantial loss tomorrow unless you're in desperatebneed of the cash. It makes no sense at all. If you hold this stock it will recover. Its as simple as that, in this game you have to be patient, that's why it's called investing.
Sell at your peril, was told by one of the MDs on Saturday that trading continues as normal
Hi , my average is 39p so not a great loss here , but 20% paper loss to total portfolio with no dividends due and most in transport and service and food industry, ( not as bad as some I know ) so that’s what I meant by substantial loss. I know a fortune teller would have trouble predict both the highs and lows of a share but I can’t see a medium upturn in the markets and only a downshift.
I’ve held anyways, along with my 3500 Greggs shares which give me the most interest / anxiety. But we all make our choices. I’m not into averaging down as I’ve said on other sites as that can sometimes get you in deeper and deeper I’ve watched these sites for years where people have lost everything on companies like Thomas cooks buying more and more. Then !?! I’m holding for now.