Member Info for Hollamatronic

Now nicely up. What a strange world...

Well these opened up massively down....

Although he has been on about how great they are on and off for two years yet holds no position...

He's been banging on about them for a couple of years now so I'm certain he knows all about SCE.

On the move nicely this afternoon... another ramp up to 139/140 before repeating?!

Best sell out and follow them then hadn't you... I wish you well in your next stock pick.

You've obviously not been in nex before... Seen this go from 140 to low 100s quick then back again.

Also since a lot of their debt is in the form of bonds which were at these sort of current interest rate levels anyway...

RR Total Liabilities 36.87B

think manz is in the wrong game if he can't even understand simple things like company accounts. They also have a book value of -75.2p per share where as NEX is 250p+ a share.... no competition.

Plus their debt includes leases... Which are required to run the business.

First had a larger debt but sold off America.

Anyone who has followed nex since the pandemic knows why they have debt, the way they went about getting it and why they wanted it.

Average Joe coming in going market cares about debt blah blah ... Without even looking into what the debt it is clearly not worth bothering with as they have no intention to invest and if they do without reading the page on debt in the accounts then they probably shouldn't be investing anyway as they can't do a simple fundamental thing.

Not so sure. There was a whole year between a director buying once and six months at another time. Always seem to be around results time they buy and in September time ish. Take out Chris Davies director
deals are very rare indeed since 2020

I once looked at these companies that short. They have several hundred open normally on anything that has gone down. Seems more a shotgun approach than anything logical

I don't work for nex so can't tell you for sure but two busy days for coaches at Stansted. Long queues,lot more coaches from all companies there though mostly nex. Car parks look full. Buses taking from terminal to car parks fuller. Noticed increase on my own bus service recently. Travel is definitely back and nex are well placed to capitalise on this and rail strikes in the area taking people to London.

They'll be able to sell old ones for some money back or stop leasing them. Probably be leasing involved too and government support. Doubt they will fork out £150m all at once. It probably also explains why they pay £200m+ a year in leases as part of the overall debt.

For example in this announcement of providing electric buses from some time ago...

"Zenobe’s EV fleet solution is driving the adoption of electric vehicles and charging infrastructure by providing fleets operators and local authorities with a full solution for a pay-per-km or per-month fee."

https://www.zenobe.com/news-and-events/zenobe-announces-deal-for-130-electric-buses-for-national-express-in-coventry/

Dude puts out a bs figure which is an estimate and in dollars as pounds. Not worth listening to. All I care about is the facts the company has put out about debt and look at it having had similar debt for years and also the book value being c.250p a share.

I think I'd rather trust the actually company reports rather than a website which has no more financial info than you or I.

Simply wall street that go in dollars not pounds...

It is. You can read in the annual report of what most of it is. Nowhere near 2 billion and most of it due between 2028-2032. Ridiculous post. You can see what most of it is if you spend 30 seconds looking at debt in their report.

If you read into what the debt is I don't believe it reads so bad. Some was taken on to get them through pandemic, some is foreign currency hedge. Most are bonds many of which don't mature until 2028-2032. 200m + are leases, bank loans add an extra 100m +They seem to require the facilities to fund the groups strategy so I suspect buying new buses, trains, keep things running, make acquisitions etc. They also have 300m sitting about to access for cash quickly. Not like everyone will call in 1bn of debt tomorrow... Some isn't payable for 5-10 years. Even before pandemic they had c. 900m odd in debt so obviously required for something.

By all accounts from airlines, package companies, and airports this summer is going to be above pre pandemic levels. Two airports here adding routes for the summer from multiple airlines. National express well placed to benefit from increased levels going to airports again and from airports to London in particular.