Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Reason buses are 3 quarters empty is because on double deckers only 32 people can be carried and I believe around 15 on a single decker...... now come schools reopening..... social distancing has gone out of the window... bus drivers won’t be able to control anything if they try.... the bus won’t be moving.... you cannot kick the children off, as they’re classed as vulnerable people..... more buses will be run...... but I can pick up 70 plus kids just at one bus stop.....life will return to normal..., only because it has to...
Who knows where this is heading....... don’t for one minute assume that because kids are returning to school that stagecoach share price is going to start a one way spiral upwards..... Way too much damage has been done by this Covid virus.... life is never going back to normality, well not for the foreseeable future..... Footfall is massively down at present, yes it’s gradually rising but it’s no where near what it needs to be.... patronage levels are still only 30% of pre Covid levels... some employees are still furloughed... some have been made redundant or taken early retirement...... as one of the directors has said... everything is being monitored hour by hour.... personally I’m not bothered, life’s a gamble currently I’m only putting my money into stagecoach... and every spare quid is going into it... looking at a 2 -5 year period not worried even if it goes to 30p... just means I get more for my money......
Think I’d rather donate my money to charity, than invest in this revolving pile of cack.... how these companies continue to operate legally on the London stock exchange is beyond me..... All you’re doing is funding a persons lifestyle.....
Not really fussed, everything stagecoach is doing at present is positive. footfall is slowly increasing... Next week my depot will restart its annual summer excursions to Skegness... megabus is now back up and running.... yes more redundancies are coming, but not for those on the frontline such as drivers.....though some drivers are just leaving for natural retirement... I think come September only then will we have a better idea of where we’re heading with the return of schooling... but I do believe it’s going to a slow long haul back to normality, probably a year plus.... those drivers still on furlough are gradually being brought back.... drivers are also being encouraged to do spot cleaning on touch points on their buses, to give passengers confidence that buses are safe to travel on... there’s lots to be positive about with stagecoach at present especially as it has the backing of government funding.....
At the moment I don’t care whether the price fluctuates a few pence either way over the next few months.. At the moment I’m in their baye scheme currently suspended because of Covid, hopefully this will return soon... However in the meantime because I wanted these at the lowest price I’ve opened up an ISA solely for stagecoach shares.... only time will tell....
I think the company will produce mediocre reports this week, I don’t think they will be bad nor good. They have already made some redundancies, not drivers but operational staff. The remaining drivers on furlough around 20% are being brought back. Services and passenger footfall are certainly up at the depot I work at. Children going back to school in September will see buses more or less back to normal as social distancing on buses will be near on impossible then. Plus more parents will also have to go back to work then..
I wouldn’t come back anywhere near this.... got sucked in 2 years ago.... lost a fortune by the time I sold up... was fortunate to recoup via ukog pump and dump to 10p.... But keep a keen eye on URU because once again another AIM company is / has been allowed to mug off punters....and is answerable to no one....