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That’s the way I see it and will continue to add when receive each pay check. In a fortunate position that I don’t need to selll so if it takes an extra year to recover so be it, but you never know. Everytime I think it can’t drop, it does!
Good memory - and yes been in and held since Covid days. New to investing so never trimmed when was up and now well down with an average of about 1.20, but I can still see how this can turnaround in the next few years. Been painful watching as bought in at times when I thought was a bargain during the drop (1.70 and 1.20). Agree that removing both at the same time would not be wise so now time for Garat to deliver on the financials!
Well a poor CFO was a big part of this - and now we’ve had a change, I can see a brighter future as long as she delivers.
Few thoughts on Garat - yes, share price has tanked during this tenure. However, they have consistently been winning more contracts and those contracts have been implemented well (exception of German rail but that’s a different reason), they continue to win awards for being a great employer, put in a lot of cost reduction initiatives that are now coming to fruitition and have continued on various acquisitions…and most importantly, he has made changes to underperforming leadership in US and UK (along with CFO).
I still think we have a good future as contracts are renegotiated, new contracts won and we see the benefits of price increases filter through! Time will tell and I’m well underwater too so would like some upward movement to make me feel more comfortable!
Can someone explain how this continues to sink given everyone selling now must be making a loss!!?? Just can’t understand how it continues to fall…the only positive that keeps me sane is the Cosmen purchases recently as clearly they see value and potential!
Good news from the horse’s mouth…cam’t all be that bad behind the scenes, so staying patient for the SP recovery (although been waiting over a year now so patience wearing thin)
https://www.nationalexpress.com/en/news/national-express-is-first-to-trial-brand-new-gte14-electric-coach-from-yutong
Didn’t see someone had posted earlier…but in other news!
https://www.bizjournals.com/charlotte/news/2023/11/29/charlotte-transit-cats-national-express-bus.html
Interesting acquisition posted on LinkedIN - https://www.linkedin.com/posts/mobico-group-plc_portuguesetravel-agencyibercruises-has-activity-7135570593726230528-a9_N?utm_source=share&utm_medium=member_ios
Check out the share price tools on their website....so now we know what the IR team spend their time and money on!
https://www.mobicogroup.com/investors/shareholder-centre/share-price-tools/
This is brutally painful to watch - given we wont hear any news for several months this is going to drift lower and lower. I'll also be writing to IR later and keep you posted as the BoD need to take action as a priority. Confidence is low in their abilities (not the business potential) and it's showing by the never ending decline!
I’ll be taking the dividend, using it to max out Lifetime ISA, get the 25% bonus, and then buying more…remaining very positive here and need positive trading updates/big wins to get this heading north!
Completely agree - but at the same time, the performance seems to contradict the price drop but with no news we are all only making assumptions. We need some consistent numbers showing financial strength, paying down debt (if that is an issue), resume dividends, new contracts adding not just revenue but profitability etc….,plus the shorters closing…only then will we see a recovery in my opinion!
Found the following report that was posted earlier today on the outlook for NEX - interesting reading and keeps up my hope that this will eventually come good!
https://www.fitchratings.com/research/corporate-finance/fitch-affirms-national-express-at-bbb-outlook-stable-02-11-2022
I am completely lost on this now…the drop that never stops! Roll on the trading update to see if I’ve been completely delusional the whole time…
Anyone know any good jokes?? I need cheering up as this is just depressing viewing! Thought we’d turned a corner when back near to two quid, and now look….
Looked it up and next trading update is 20th October.
Same for the euros too with ALSA and German Rail…that’s also giving a lot more sterling into the pockets of NEX. It’s a very slow burner this one!
Just did some back of the ciggie packet numbers based on what the H1 revenue would look like using todays FX. Reckon that should equal to a 14% rise on total turnover - with that as a guide for H2 and the patronage increasing it should be good news…but again, I am the internal optimist here! Have a good week all!
Well it’s not going to plan just yet…
Glad I am not too deluded and that you agree with me LongerGuy. See that as a massive positive to along side all the other positives - It’s all about patience and playing the long game (I hope)
Hi All, long time frustrated holder here and trying to keep my spirits up….welcome any view on the following.
Given that a large proportion of the business is outside the UK, and sterling is particularly weak at the moment - surely this is good news as all those US dollars and Euros NEX are paid in will equate to more pounds…or am I continually looking for positives to remain sane given the continual slide!