Member Info for JG68

Wished I'd picked MAB over this, what a waste of time, even the dividend won't be any great game changer. Stockepedia forecast 4.7p.

If you discount the brief rally at FY results, this has barely moved 2% in 2 months.

I know oil has declined but down 20% from upgrading earnings I just don't get?

Anyone any insight into why?

I still bet despite a positive move today, this ends flat or red.

Hope I'm wrong.

Seems like market isn't convinced a deal will happen.

Just doesn't add up to me, all you need to do is compare the NEX SP with IAG, First group, Restaurant group, all companies probably more affected by covid considering NEXs contract revenue, and all 3 are up between 12 - 40% the last 6 months year to date, so why is this down 35% compared to those 3 ?

I still say why hasn't the new CFO appointed last year even made a token purchase of shares to say " I believe in the company at these levels, I should know " etc etc

Why would systemica be increasing a short at these levels if a deal is going through?

Seems like a complete gamble unless they know something.

No wonder none of the board are spending any of their own money on shares, when shorts are increasing at these levels.

This desperately needs an activist investor, or to sell off a division to get any shareholder returns.

The way this is looking it's going to end up like one of those decent UK dividend paying companies with little capital return from these levels, Taylor Wimpey comes to mind.

It really is the pits this share, every single time it rises it ends up down.

LG Asos issued a dire set of results today which led to Liberium shortly afterwards slashing their sell rating target.

Difference is NEX rose on the results, Asos down 20%.

Because its a so easy for them to make money, why wouldn't they?

That's why shorting should be banned.

Look what they did to a few of the US banks last week, ones that probably didn't have liquidity problems until shorts attacked them and people panicked and withdrew large deposits thereby creating liquidity issues.

JPMorgan predicting a halt to short selling in the US exactly because if that.

They are the scum of the earth imo

Shame they didn't feel the need to give a brief update on trading if its been half decent.

When I read whilst there remains challenges, I felt if they released wording like that in a TU on a day like today, this would have tanked!!

Be interested to hear if anyone feels if there are there any possible nuggets or hidden messages in this response from IR ?

Joseywales

All I want to say today is we live in a country with a 5h1t goverment with woke politicians and civil servants, with media actually running the country, with 5h1t weather, a 5h1t stock market, a clueless BOE governor that inspires less confidence than Jeremy the puppet Hunt, and its all a load of right bawls right now.

Thank you for your email and for your interest in National Express.

Of course, I can understand your frustration about the share price - businesses like ours were hit very hard by Covid, though we are continuing to recover as our recent IMS attested (which you can read here: https://www.nationalexpressgroup.com/media/news-releases/2023/q1-trading-update/ ). Progress implementing the strategy has been encouraging and whilst there remain challenges, as always, we have made clear our plans to deal with those and, more importantly, to address the growth opportunities we face. Whilst we can't control how the stock market values our shares, we can and do concentrate on delivering our plan to develop the business to its potential and thereby deliver value to all our stakeholders, including shareholders.

That strategy has been articulated at different investor presentations, the details of which can be seen on our website, here: https://www.nationalexpressgroup.com/investors/ . The regular updates we produce on our progress, including interim and final results, can also all be found on the website and, as I'm sure you'll appreciate, it would be improper of us to offer any substantive details on trading to any single investor - private or institutional - that we don't offer more widely.

Finally, the timing and extent of share purchases in National Express by the leadership group is for them and their personal circumstances. That's the same for all companies. Disclosing whether individuals are or are not barred from trading might also encourage a misleading inference or narrative.

With best wishes.

John Dean

John Dean

Group IR Director

I guess looking at it like you won't really see much capital depreciation from these levels and you're going to get paid hopefully an increasing yield over the next few years, is a glass half full way to view this.
And yes Paddyboy with RR they suddenly produced some good figures which prompted the rerate, so that's what I'm hoping for here.
If they increase the dividend to 6.5 this year, 8 next year, continue to deleverage and grow, then these levels will be long gone.
It was clear to see that the markets response to the FY update was very positive, until external factors like analysts slammed it back down.
It would be interesting to know where it would be now if Liberium hadn't put a 115 sell rating on it.

Paddyboy
I actually think that despite showing an underlying profit before tax or any good will impairment costs, the company is showing a statutory net loss last year.
So despite having the cashflow to reinstate the dividend, they need to show a net profit before the market starts rerating.
Possibly the good will impairment cost was clever accounting for tax purposes, but it certainly hasn't added value to the equity.
We all better hope that the HY update starts to show the company improving profitability rather than just increasing revenue.

I don't know why these guys don't put all the energy they do into their short small sells , into buys instead.
Maybe they're just hedging a long, or feel it's got lower to fall, or averaging up on their short.

And just reiterate my beef here, today of all days we should be up.
Russell midcap index in the US flying
Ftse 250 /100 flying.
Yesterday 6 million shares purchased.
So why aren't we even up today?

NEX AKA Californian Redwood!!
That's priceless Paddyboy.
That sounded like JVT in a covid press conference.