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I agree. But it might make sense to sell their US school bus division?
I suppose m&a activity or a bit strategic shift much more likely now that strike is resolved. Here is hoping
I bought some (more), at the open unfortunately.
Whole market has a bearish tone led by the banks again.
Very difficult.
GI, I hear you.
I'm not anti-union and I also beleive that we need a significant shift back in terms of income and wealth redistribution in our society. That's obvious to me.
But, despite what you say, I don't think Unions using incendiary language is necessary; infact they undermine themselves and their members and alienate everyone else.
It's very hard to know what is true because we are not on the ground.
But my instinct is that the Union is rotten because of the incendiary language they use and the way they misrepresent the wealth and profitability of National Express.
The Union is manipulating the drivers, who have difficult jobs.
Many thanks.
Sorry. What is the pension fund drop please?
Please can someone tell me why stock has sold off so much?
I've bought some. Looking to buy more.
Many thanks
Looks like the rail strike is over.
https://www.theguardian.com/business/2023/mar/20/rail-strikes-rmt-vote-network-rail-pay-offer-aslef
Apparently these bonds were already marked down 50% by last week. So that's 8.5blnback already!
Today is lining up to a massive reversal day.
UBS was down about 15%. It's now down 5%. Logic says it should be up 15% in my opinion, they are getting the bank for nothing very little, with the bulk of the risk backed up by the Swiss Gvt.
National Express, also hopefully a big reversal day.
First day of the strike, you see the lows. Classic.
Well, the first day of the lockdown, March 23rd 2020, was the low point for the FTSE.
Maybe the first day of the strike will be the low for National Express.
All seems very political to me. Unite union don't want National Express working untill public sector strikes resolved.
Sorry. 20th is when strike would begin. See below from Unite (union) website. Cant see when actual vote is.
If the offer is rejected, all out indefinite strike action will begin at 0001 hrs on Monday 20 March.
Unite regional officer Sulinder Singh said: “Following significant progress with the company in negotiations, an improved pay offer was made. Strike action scheduled to begin this Thursday has been postponed to allow our members to vote on the offer.”
March 20th I believe
Thank you. Hopefully it will prove a good deal. Lots of risk off ahead of ECB decision.
Is ther actually any news out in National Express?
Seems like a ridiculous headline. And its a technical term anyway. So many struggling. So much inequality.
Banks had massive collapses. probably more likely to go up than down now - though doesn't feel that way.
Good news is that National Express should be recession proof. And we have probably seen peak rates in the longer term bonds.
I thought the stock would go up because of this news about the strike. I was wrong!!!
Added bit here. Fingers crossed.
Shakey open.
Good opportunity to buy some stock.
Obviously always market risk. But good short term risk/reward here.
But the big US banks were up between 0.5% and 1.5% in the post market.
There are no losses in the system. Big banks are very different beasts to what they were in 2007.
The mark-to-market argument of long dated gvt bonds is a massive red herring.
Big banks have their deposits much more matched to loands than SVB did. Because start ups hold loads of cash and those were their clients.
This is a massive buying opportunity for big banks, especially lloyds and natwest which have great yields, but also Barclays.
I would not want to be short National Express today.