focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Does anyone have a view / any insight here please?
Thank you
Couple more bids by private equity today.
Software AG. Medica Group.
FTSE 250 due a run of outperformance/catch up.
I have written to IR once. Before the strike.
Suggesting that they might give workers shares. Because the stock so low.
IR were extremely polite and responsive. Very nice.
It's a great company with a great culture, doing great things, for the environment, for the community.
They don't sell their story as well as they could. They are too modest.
Growth of National Express is good for everyone.
https://www.thetimes.co.uk/article/liontrust-clients-take-fright-at-funds-poor-performance-qk2vzdksj
Maybe these guys have been selling. They are listed as big holders.
Maybe just a fat finger?
I sold my EZJ at their last earnings at around £5 to buy more National Express.
No regrets, but it would be nice to not have to wait so long.
I also own the GYM Group. It's at the lows.
Biggest competitor Pure Gym is owned by private equity I think.
Gents.
For what its worth.
Ascential and Craneware could have m&a upside.
I own both. Onside in Ascential, offside in Craneware.
Great call on this chat (sorry I cant remember who made it) in 888.
Well done whoever owns THG. Don't worry if you don't own it. Never look back.
It's a great article.
Thank you.
I wish we could also get a feel for how the North American school bus business is doing?
I can't find anything online.
There is a lot of legal front running of flow going on.
Clever algos and outsourced orders "zero commission" but big spreads.
Where the banks have been over regulated the hedge funds are under regulated and the small investor is worse off.
Good morning.
Does anyone know why stock strong today?
Many thanks.
It's a dirty business. Makes a huge proportion of their money from addicted gamblers. Resulting in enormous tragedy.
Country is in massive debt, we need to raise money. Personally I think it would be fantastic to nationalise the industry. If it's going to ruin lives, at least the bulk of the profits should go back to help pay off the national debt, the nhs etc, rather than make a handfull of people billionaires.
Would be nice if it went there this month please!
I think there were a lot of labour problems over the summer for airlines and airports. Strikes and staff shortages.
These dissipated, together with fuel costs.
Plus there was growing evidence that the airlines had pricing power because people wanted to fly.
I think there are real parallels with National Express, certainly in terms of fuel and labour. Pricing is different. But National Express should be less cyclical and less seasonal and, I think, command a higher p/e.
Fingers crossed, April will be a great month for National Express shares.
Maybe some kind of rebalancing into quarter end.
National Express such a contrast with Easyjet. I know different, but they had similar problems coming out of covid and with inflation crisis. Namely fuel costs, and staff shortages/costs. Balance sheet different because EZJ have cash (after second rights issue) and NEX have debt. But arguably there is also less risk and cyclicality, and less seasonality to NEX business. EZJ felt terrible and there were broker downgrades to Sell near the lows. Stock now almost doubled from last summer.
Sentiment can shift very quickly.
Hi JustThinkItThru,
My understanding is that the tricky thing has been the underperforming professional services (since pandemic). This can create plenty of profit and cash. But they are non-recurring so have an undersized impact on EV. As a reminder, professional services have gone from 15% to 8% of revenues.
EV is driven mainly by annual recurring revenue (ARR), ebitda and the proportion of business in the cloud. All of these are moving in the right direction.
As a cloud based leader in a specialist category (especially one as defensive as healthcare), Craneware could probably attract a Private Equity valuation of around 10xARR, or 20x EBITDA. Thats huge upside on current share price.
Other than lagging professional services, everything else seems to be on track. EPS lags the integration of the deal and the paydown of debt.
I own the stock and bought some more today. It's been very painful.
They did an acquisition at the highs of the markets. This seems to have integrated well but new business growth has been disappointing.
Suppose they havent been helped by the week usd and this has been exacerbated by illiquidity.
BUT. It's a great company with a great offering with an exceptional client netowork. Very stable repeat revenues and a fantastic CEO.
I'm hoping its a great holding for the long term. With the added kicker that it could be taken over at a huge premium by a corporate or private equity.
What do you think?
Does anyone know why stock so weak?
I came into the year long. Have held own through the news of the strategy to break it up.
Added today.
Just hope I'm not missing something.