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Turning into a joke really, very weak compared to others.
is this just a slump or is sub £3 the new norm...Hmmmm????
Very disappointing, was expecting this to form a bottom at around 3 but alas I fear 250 is coming :(
It is especially bad when the company is chargng £1 for printed tickets. First of all, I do not have email on my phone, something has gone wrong and I can't access it no more. Anyhow, I am not changing my phone to please trainline.com , nor am I prepared to pay the £1 surcharge. I have now stopped buying tickets online, and I a sure many other customers think the same.
I also find it very unhelpful when you buy tickets for more than one person, as it creates a delay at the ticket barriers.
With paper tickets you can give each person their ticket in order to get through the ticket barriers.
For me this stock is a sell, apart from the issue mentioned above, there are various known other issues such as the effect of Covid.
All Covid tests for travel will disappear, Grant Shapps has suggested, as holiday firms saw a surge in bookings.
The Transport Secretary indicated that the final lateral flow swabs that fully jabbed holidaymakers still have to take on arrival in the UK will be axed, to allow test-free travel.
Sources suggested it would happen within “a reasonable time frame” as ministers sought to revive the travel industry after two years of on-off restrictions.
His pledge came as travel companies reported increases of between 40 and 200 per cent in website visits or bookings, after the Government’s decision to ditch PCR and pre-departure tests for fully-jabbed travellers.
Pre-departure tests are axed from 4am on Friday, while PCR day two tests and the associated self-isolation will disappear from Sunday under the changes announced on Wednesday.
Mr Shapps said the tests, introduced to combat the spread of the omicron variant, had “outlived their usefulness” as the Government eased restrictions to allow people to live with the virus.
“I could see a world in which you didn’t need to do testing at all. I can’t guarantee it will be the same the other way around because that depends on what other countries around the world decide to put in place,” he said.
“I do imagine that we will, for the foreseeable future, be living in a world where vaccination status is something that countries are looking for. Certainly when I speak to a lot of my opposite numbers around the world, that’s what they ask about.”
He stressed that the unvaccinated still faced pre-departure tests, 10-day quarantine and PCR swabs on days two and eight.
Ministers are also considering adding the third booster jabs to the definition of fully vaccinated, which would leave those who spurned them facing the reintroduction of tests.
Surge in bookings
EasyJet reported that it had seen a boost of almost 200 per cent in UK bookings following the Government’s lifting of restrictions. It said more easyJet flights were on sale from London Gatwick than ever before, with 1.1 million seats recently added.
British Airways said searches for holidays were up by nearly 40 per cent on the week before, with New York, Dubai and Barbados the most popular destinations. Virgin Atlantic reported a 150 per cent rise week on week, with Orlando, New York and Barbados topping the list.
Jet2holidays has also confirmed bookings have increased by 150 per cent day-on-day.
“We have seen an immediate and dramatic spike in bookings, with volumes since the Government announcement heading towards pre-pandemic levels,” said Steve Heapy, chief executive.
Both Travelbag and Travel Republic have also reported spikes in bookings, especially for popular winter sun destinations such as Dubai and the Maldives.
Skiers are seizing the opportunity to book a last-minute trip too. Ski instructor marketplace, Maison Sport, has reported a 100 per cent increase in bookings overnight, all bolstered by fresh
All Covid tests for travel will disappear, Grant Shapps has suggested, as holiday firms saw a surge in bookings.
Transport is never a good sector to be in when governments start talking about working from home and going back into lockdowns and tougher restrictions. People cut down journeys and some eliminate them altogether.
I bought in today, knowing this to be very high risk.
In answer to your question, ‘why so weak compared to others?’:
1. Like others, it’s susceptible to lockdown fears, and travel restrictions. All those type of share have fallen, plus:
2. It is at competition risk from Govt creating its own app. NEX + SGC have no such fears, as they form part of the Govt’s long term post Covid public transport strategy.
Tough times. I’m in this now, plus NEX and SGC + a whole load of other Covid recovery shares that have taken an absolute hammering since 26 Nov. Hopefully, in months to come, it will pay off. GLA.
I don't get why this is struggling so much, take today compared to NEX, GOG, Stagecoach etc etc
Year on year over 40% down.
It's awful.
Nex also up over 5% on no news!
One more day like this and will be nicely back in the green !
?
Covid and all sorts of restrictions in Europe bound to increase short term selling as mobility freedoms impacted?
Can't recall what % of sales emanate from Europe but this might have bit further to drop.
Have been in and out as it were!!
This seems like its on a downer at the moment, so much for my £3 buy :(
Win some loose some :)
Been waiting for awhile to get back in…. Missed the lowest but a few k at 288 will do…:-)
Trainline is a staple for almost everyone buying tickets. Looking forward to the rise.
Liberum starts coverage of Trainline at 'buy'
(Sharecast News) - Liberum initiated coverage of online ticket sales platform Trainline on Tuesday with a 'buy' rating and 400p price target.
The broker said Trainline is well positioned to benefit from the continued shift of ticket sales online, thus capturing incremental market share.
Liberum said Covid-19 has been an accelerant for many online businesses as consumers fundamentally shifted habits online permanently. Train ticket purchasing is not the most obvious benefactor, but early data suggests that online penetration has indeed increased since the emergence from the enforced Covid-19 lockdown, it said.
"Management highlighted that RDG data suggests that online penetration has increased to 50% versus circa 40% pre-Covid. This shift is expected to continue and, as online market share increases, the total addressable market for Trainline will increase," Liberum said.
It also said the risk from GBR's app is not as extreme as the market expects, given the consumer offering wins in the realm of online platforms.
"There are risks associated with the equity story. Trainline's TPS revenues are at risk over the medium term and there is uncertainty around the current commission structure in the UK. On balance, we believe the risk/reward equation is favourable and, with the shares trading on 5.7x CY22 EV/Sales and a circa 40% discount to its average since IPO, we initiate on a buy."
At 1010 GMT, the shares were up 3.8% at 309.75p.
im not in a huge rush to sell, am hoping it will head towards 4 next year.
Been trying to get out at break even 340 was getting close but taken a hit today,Oh well another banker for a while
Looks like I spoke TOO soon :(
I actually made the right decision yesterday - WELL DONE ME :)
And all others obviously...lol
Very Viagra like!! :-)
The new Pfizer Covid pill seems to be giving all travel, and holiday related companies a rise today :-)
Just noticed the rise,crazy market,Im still red but looking good.Any idea for the rise ?
What is the bet it will hit £4 or £2.50 first - exciting stuff.
FOMO
AKO Capital LLP closed their short but Adelphi Capital LLP up 0.43% today