The US is in full recovery mode, the DOW is flying. What ever you think NEX will never return to 66p probably not a £1 as there are no shocks in the system. Yes worst case we could have a second wave, but we are much better prepared, lockdown will be limited and localised if at all.
I would say we are pretty close to a vaccine of some kind that works. Yes there will be a time lag for when this will be available, but a vaccine that works will fire up the markets as they will look ahead. Battered stock valuations will change very quickly and shorters will close their positions. Meaning a sudden return in NEX case to the £3 level and then a gradual rise to £5 over the subsequent 12 months.
The Dow is now at a value to that at pre Covid level, mid Feb. NEX was 450p at the same time. My point being while the company maybe suffering in the short term, based on current market valuations we should be a lot higher.
The problem with the trains is that they have held their prices. Bath to London £70 by train £20 return by coach. There is no demand reduce your prices on the trains and encourage travel.
Looks like schools are beginning to open in the US. There are a number of positives on the horizon.
Strangle not strange
See a perceived weakness maybe the CEO leaving early, take a stake at .5% so everyone sees and create further downward pressure and then strange slowly by increasing short. I think they have got this one wrong though, the II’s who bought at 230 will want to push this back up and will
See an opportunity to buy on the cheap. Citadel just see an opp to make 10% quickly.
Looking at the chart, this should really be holding around the 180 level. This seems to me to be the place it will go back to in the next few weeks all things being equal. We are in a much better place than March when it hit 60p on mass panic. We are closer to a vaccine, market is being supported and while news headlines point to a major recession this will be short lived. This does not include any positive news with regards a vaccine which will see a major move upwards. Institutions bought at 230p that’s all you need to know if you are a long term holder.
When Finch decided to leave he would have lost a large number of options. Persimmon sweetened the deal to cover these and more. So he is leaving on a much better package and maybe fancies another challenge. CFO is a good interim and given the financial complexities at the moment for all companies a good move. It’s starting to move back up so let’s see where we finish today.
This has all the markings of a short attack, similar to IAG the other week. I am not buying anymore but it will turn around in the coming 10 days.
They cut stagecoach price from target from 100p to 75p. How much do these analysts get paid, taking the price target down 5 months after the pandemic is crap.
They have access to over a billion in cash if they need it. Institutions bought in at 220. You are trying to scare people to sell. These is a great long term buy, hold on to your hats but eventually this will be back to £2 very quickly.
I have just followed your advice and sold everything.
So would you want someone Just ticking over as CEO until they leave or accept they can leave early and bring in a new CEO who has a much longer time frame. I suspect they have someone but cannot announce it as yet. Buying op
12 months will be £2.50. 70% return I will take that.
This is the kind of company that Buffet lives to invest in.
Very simple traders shorted this on perceived bad news to shake out holders. I actually this is better than I expected. For what it’s worth NEX coaches seem pretty busy and fares are twice as much as normal.
RNS clear and concise. Brilliant.
Thanks to everyone on here. Bought at 38p and sold at 60p. Will probably go higher and is, but have learned to Take profit and heed to my stops and limits. I am not going will this back down, for those staying in best of luck
Shares of British multinational transportation group National Express Group (LON: NEX) today surged 5% higher after the company restarted operations on several UK bus routes. The company reinstated the 737 services from Oxford to Stansted, and Luton airports that will run four times each way starting Friday.
The firm also reintroduced the 409 service that runs from Aberystwyth to London, which will now operate twice daily and will also run through Llanidloes, Newtown, Welshpool, Telford, Shrewsbury and Birmingham.
Chris Hardy, managing director of National Express UK Coach, said: “Overall demand and bookings have been really positive and the level of requests for travel has meant we can now also add this direct airport service back on the network.”