Member Info for giantsquid

I spent two hours the other day going through the entire FTSE 350 looking at the charts for each stock - I was actually really surprised how many companies have made an almost complete recovery, really there are very few companies out there, apart from perhaps on AIM, where the share price is still on the floor, at or just below the march lows.

The green revolution will see more and more people using public transport - companies like Stagecoach should do well in the future. Also the rising costs of running cars and parking issues and expenses will push more to using buses and trains. In the meantime, with kids back at school and the fact they're the lowest risk category of all, it's unlikely schools will shut nationwide, local temporary lockdowns perhaps but no chance of national school closures. Also notable Stagecoach aren't overly draconian regards kids having to socially distance on their buses - they simply advise kids to avoid facing eachother where possible - so the numbers on the buses aren't necessarily impacted too badly due to social distancing requirements. Once the economy begins to recover, public transport will be at the heart of that recovery and companies like SGC, GOG, NEX and FGP should really begin to pick up pace. Stagecoach was sat at around £1.65 at Christmas - a lot of FTSE 350 companies have recovered over 50% from their march lows, SGC is one of the few stocks that's still on the floor...

Stocks are falling across the board because our government is a bunch of utterly clueless incompetents who are willing to sacrifice our economy for a virus that in the vast majority of cases causes symptoms that are so mild that you have to be tested to even know you're ill with it. This government is a disgrace.

Trump will win by a landslide majority in November. The media and the polls are saying Biden is in the lead - but they're biased, leftist and are not to be believed nor trusted. What will happen next is the newly re-elected President will rush out the treatment plan he himself received in hospital. The treatment which made him better in days - the treatment US medical professionals now know beyond all doubt works. Trump has already tweeted he'll be doing this. It'll protect tens of millions of the most vulnerable citizens all across America and will enable him to rapidly turn his attention away from covid and onto what he does best - bringing the American economy roaring back to life. Other treatments may also become available soon, but the treatment plan the president received will be distributed to the US population imminently - again, the president has already confirmed this on Twitter. Hope, it appears, is literally just around the corner. First the president gets re-elected in November, next his administration distributes tens of millions of doses of the drugs used to get the president back to full health in record time... for those companies that can hang on just a little bit longer, their chances of making a full comeback should be looking far more promising real soon. I'm thinking we'll probably see stocks beginning to rise quite sharply early to mid November, especially so once Trump's treatment plan has begun being distributed to the masses. It could be one hell of a santa rally this year with 2021 potentially looking a lot more promising and hopeful investors will want in before 2020 is out..

Comparison with Serco

Serco shares in issue : 1,233,380,637
Serco Market cap : £1,572,560,000
Serco Net asset value (at 30th June 2020) : £683,200,000
Serco Net asset value per share : £0.5539
Market cap = 2.30 x NAV

Liquidity and covenants
As at 31 March 2020, the Group had £426.5m of committed funding arrangements (FY18/19: £466.5m). These comprised a £275m multi-currency Revolving Credit Facility (RCF) maturing in July 2021, and £151.5m of US Private Placement notes spread over two maturities: December 2022 (£121.5m); and December 2024 (£30.0m).

Overall, the Group reported net assets of £80.5m at 31 March 2020 (FY18/19 net liabilities of £12.4m), with the increase largely due to the net gain on disposal of the Catering business.

Number of shares in issue : 1,171,010,576
Market cap : £353,645,194
Net asset value (total assets - total liabilities) : £80,500,000
Net asset value per share : £0.0687
Market cap = 4.39 x NAV

https://www.investegate.co.uk/mitie-group-plc--mto-/rns/strategic-update-and-full-year-results-for-fy-20/202006250701370517R/p

2reincarnated, what makes you think this has further to drop? What are you basing your predictions on?

Whatever happens as a shareholder, remember it's only money. The real losers out of today's news are the 45K employees who are set to lose their jobs. I agree with the company's hard line though. The business has to be protected at all costs and essentially put back into hibernation until it's safe/wise to reopen and try again.

If only our useless, spineless and utterly incompetent government would stop fretting about a virus that's only affected a tiny percentage of the population (less than 0.05% of us). The country has gone to ****. That's why share prices are falling right across the stock market and the sad thing is its totally unnecessary and avoidable.

Home working means fewer commuters using public transport, also those who do have to travel and have the option to use a car are perhaps choosing to do so. It'll pick up eventually but patience is required. Think long term - buy now and forget about them for a few years. Interesting the Dow has almost fully recovered though whereas the ftse is languishing behind suggesting domestic issues such as brexit may also be having a negative influence on the UK markets.

Like most stocks right now, an effective vaccine is about the only thing that can significantly lift the share price and stop the decline. In the absence of that, the longer companies are having to trade with draconian measures in place, the higher the risk of them running out of cash and ultimately going bust. It's not difficult to see why everything is continuing to fall - and all this for an illness that in the vast majority of cases is mild and barely noticeable. F'cking ridiculous.

It's incredible that even in the midst of an unprecedented economic ****storm that could very well get a hell of a lot worse before it gets any better, some of us are still scratching our heads as to why the sp is falling and pointing the finger at shorters.
If you don't understand how the current situation is having a dire effect on almost every single stock out there, and will most likely continue to do so for a long time yet,, really you shouldn't be investing.

An article was posted on twitter that said the total number of healthy people with no underlying illnesses who've died from covid was just under 2500 people. Almost every death has been people with underlying illnesses. Covid is a hoax, a farce and a total over-reaction of historical proportions. And every god damn one of us is now having to pay for it and will be for years to come.

Just been for a stroll around town, plenty of people out but ffs shops only allowing a few in at a time with draconian measures in place - unless social distancing is axed and axed soon, shops and businesses face imminent closure. It just isn't sustainable. Mass unemployment and repossessions are on the way unless this bloody madness ends. The solution to the problem will ultimately prove a thousand times costlier and more damaging than the problem itself.

Any investor who invests in any company right now should only be asking themselves one thing; will the company make it through the pandemic in one piece and still be in business on the other side when the recovery starts.Literally nothing else matters right now. Because right now it's about survival pure and simple. This is the L shaped recovery we've all been warned to expect. Any positive news is a good thing but it's important not to lose perspective of the gravity of the situation we're all in regards the effects on the wider economy, and to adjust expectations accordingly. Almost every stock out there has a very long and very slow road ahead of it to get back to anywhere near where it was before the virus hit. The effects on the wider economy will have a detrimental knock on effect on just about everything for years to come, unless some miracle vaccine gets rolled out that can perhaps speed up the recovery process.

Buffet was heavily criticised in the early days for not buying anything, but his dire predictions are now coming true. In the early days of the pandemic, millions were stuck at home playing the markets and trading the swings - they were in effect creating a false market. Those days are now a distant memory as the reality of the situation appears to have come crashing home. Buffet rarely calls it wrong and he's ultimately been proven right again.

I'm betting the covid hoax will be over within days if Joe Biden wins in November. The whole thing stinks of a manufactured, deliberate attack by China on Trump's presidency which the radical left has taken full advantage of. If Biden wins, watch as a miracle cure arrives within days, eagerly pushed by the corrupt leftist media. I can see it now, Biden will be hailed a hero - the president who brought about an end to covid whilst Trump will be denounced as the failed president who only made matters worse. Before covid struck, the American economy was absolutely booming under Trump and the dow was hitting new highs - never forget that. China saw Trump as a major threat and so did the radical left. And as the saying goes "if you can't keep up with the Joneses, drag them down to your level - it's cheaper". To say China and the left fight dirty is an understatement.

Cineworld to delay reopening US theatres to mid-August
Cinema owners had been gearing up for a grand reopening in July

Cineworld, the world’s second-largest cinema chain, will delay the reopening of its US movie theatres to mid-August as the coronavirus crisis persists in the country.

“[The reopening] will move probably to August 7 or 14,” Mooky Greidinger, chief executive of Cineworld, told the FT. The news follows rival AMC, the largest cinema owner in the US, which this morning said it would delay its reopening from July 31 to “mid to late” August.

https://www.ft.com/content/5affc695-96de-4eb8-8763-3655489cabca

I agree, mediocre results is most likely. Having said that, mediocre is about the best companies can hope for atm - anything north of absolutely shocking is good right now. Not sure how the sp might respond to mediocre results, probably a small rise but I think it'll probably continue to trend up over the coming weeks as more people start using the buses - aimo.

I'm no expert but I've twice used FGW trains over the last couple of weeks - they are MUCH stricter regards masks must be worn and social distancing must be followed. The trains were empty - literally - I had the whole carriage to myself and it was a Midlands train to Paddington on a Monday morning! I've used stagecoach buses also numerous times over the last few weeks and I can confirm it's a VERY different story - the buses are much fuller regards passengers than the trains and the drivers aren't legally able to stop people getting on without a mask so masks and social distancing if I'm honest was really quite relaxed - first great Western was very much stricter bordering on intimidating. Stagecoach buses are running barely any different to normal service from my own experience - busy buses, plenty of people using them and unlike FGW the rules were much more relaxed. Don't know if that is any help to holders here but that's my own experience.

This may also explain why cases in the US have gone up : it appears if you've had THE COMMON COLD - a virus in the coronavirus family - YOU WILL TEST POSITIVE FOR CORONAVIRUS. You couldn't make it up. The US has completed 40m tests whilst death rate has fallen dramatically over the last few weeks. The fake news media have spun this. Coronavirus is NOT out of control in the US.

https://twitter.com/LizizFine/status/1278882769314164737?s=20