Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looks like good news to me ….
Bus fare cap: England charges to be held at £2 for three months
https://www.bbc.co.uk/news/uk-england-62775639
Still optimistic about this but it is certainly testing watching the slide. Just when you think the corner has turned with positive trading update, it all gets forgotten about and we drift lower again….roll on the reinstatement of dividends, a few new big contract wins and return to normal patronage and profitability!!
All looking positive - let’s see how the market reacts!
Interesting article…..shame we are still sinking but at least reading articles like this provide rays of hope for the future!
https://www.reuters.com/markets/europe/golden-age-buses-buyers-hop-uk-transport-firms-2022-06-15/
Its bucketed in with travel and hospitality stocks - same issue faced through Covid when comparing NEX to an airline. Now we face the issue that we are bucketed with hospitality which will get hammered in a recession as discretionary spend is cut….need solid profitable growth for a prolonged period and reinstatement of dividends to catch the eye of the big investors….that’s my view but what do I know!
Was thinking along the same lines - not hoping for a quick rebound but worth an extra top up at this price.
Last week I said 187 but looks I may have been a bit optimistic…any views on when and what the bottom is?
https://www.leicestermercury.co.uk/news/leicester-news/dozens-national-express-services-day-7286103.amp
Looks like a great way to tempt people off trains and out of cars!
We are in the same boat. My plan is to buy another 10k or so at 1.87 and then not look for a year! It could be a terrible decision but I don’t think they are going bust and with the headwinds come tailwinds….fuel prices up = higher running charges but equally bus / coach becomes more appealing than car ownership / running. Bus driver shortage is painful but might lead to more outsourcing in US. Covid causing impact to smaller players mean possible aquisition opportunities etc.
PE have noticed this as an industry to profit with the recent competitor news, just think it’s time that we need to show NEX back in healthy, regular profits to boost the share price.
Welcome any views on the impact of FX.
The trading update came as a surprise to all, and also thought was surprised by the continual drop. Thought it may drop a little but they implemented significant cost saving iniatives as a result of the pandemic that will reap rewards for long term, in addition with the FX rate I thought it might be beneficial too given the business in US and growth in Spain and Germany…not sure how FX plays a role but you’d think it would boost the GBP numbers reported. Interested on any views on that.
I am still happy with my investment - my average is about 2.35, and will have a time horizon of 2025 when I hope it will be back over 3.50….plus any dividends will be a bonus. That’s my plan so wish me luck!
It’s been a rollercoaster - was we up then well down, then up, then down and now further down! This will come good I’m sure, and the CFO purchase put my mind at ease even though the drop continues from his buy.
Basis for 187 is based on nothing but a guess, and a price I am willing to stick an extra chunk of change in to average down. Might go further but who knows with this one, it defies all logic and got clumped together with travel, so hammered with Covid, and now leisure - hammered by views of recession.
I’m an investor and not a trader so just wait for dividend and the climb back up after a number of successive positive profit updates….fingers crossed again!
Who only knows - I reckon 187!
Jtan - if it’s any consolation I am a fair bit down here and continually optimistic that we’d be far higher. Let’s hope for some good results coming up, as business must be doing well with the acquisitions, new software upgrades and recent CFO buying….fingers firmly crossed.
Thank you, makes me feel a bit more positive. Averaged in at 2.37 but over-rotated and have the majority of my investments here…been in since early days in pandemic and it’s a choppy ride but still a firm believer in the company, it’s strategy and the leadership!
Would love to understand what the NEX leadership make of this drop. After all I expect they thought releasing a surprise trading update would attract new and satisfy existing holders, yet here we are all watching this tank yet again!! My time horizon on this was 2025 but looks like may have to wait a little longer.
Who is also the eternal optimist that, although we know this is going to happen, we hold out hoping this time it won’t be the case and will rise to 300 and beyond! :-)
It’s the investment that makes no sense. I too get far too hopeful that good news is the start of an upward trend so don’t sell - and then suddenly back down we go. Yesterday was great news that business is back on track but look where we are.
Couldn’t help myself and added a few more - seems to be bouncing a long at a consistent rate. The UK operations were dragging this down last year but hopefully the next trading update will show it is profitable again, and (fingers crossed) it will rise again!
https://simplywall.st/stocks/gb/transportation/lse-nex/national-express-group-shares/news/the-group-ceo-director-of-national-express-group-plc-lonnex/amp
Should be a good sign that things will turnaround - however last time he bought was when we were back over 3 quid, and we went on a downward run from them. Fingers crossed he knows what the future holds.
If it’s any consolidation I’m in the same boat - it’s FY21 results next week so will be interesting to see how the company has performed, and if they make any statement on the impact they’ve seen so far and their outlook for the year.
Just found the following article that states dividends are restricted from 7 Feb 2022 - https://www.investorschronicle.co.uk/news/2022/02/07/levelling-up-throws-transport-groups-off-balance/
Here is the paragraph midway down…..
In the case of National Express, this means that dividends are restricted until further notice, and the debt and payable-heavy balance sheet (as of 30 June) ramps up risk, although it helps that borrowings are largely long term.
No idea what this means but thought would share