Member Info for JG68

They seem to still be in control here, I expected this to comfortably clear the 140 ceiling that was in place a few weeks ago, but it's struggling.
I thought the results were really positive , but unlike CPI yesterday and RR this isn't kicking on yet.

Or lowering a price target then increasing a short soon after!

Thanks RR

Was anyone expecting any broker ratings today?
Seems a bit odd, plenty rated IAG / RR the following day. Are we so insignificant!!

https://www.thetimes.co.uk/article/capita-s-damned-hard-work-pays-dividends-as-shares-soar-kqwk67p30

Longerguy
Hopefully for you and everyone else the broker rating will be favourable to help propel this accordingly.
I was looking at AML and the debt there, the capital raises, yearly losses, and the SP has outperformed.
I've made the mistake before of spending ages averaging down only to be so relieved at break even I've sold a large chunk.
I did it with RR , had 60k shares averaged at 100 for over a year, and eventually was so relieved to reach a quid I sold 40k, which was only a short while ago, they're now over 140!!
That's why after that update I'm not selling any of these.

Moonman
I get that and imo that decision by the goverment was in part political, you can hardly expect 80 year pensioners to get a part time job to make ends meet, and probably lumped in with the "do nothing all day" lot.
Ok so let's assume all workers that provide a service, let's say a bus service provided by a PlC and not a medical service funded by the goverment, get a 19% pay rise which will essentially mean a permanent increased cost, then its only fair to assume that said company that had cut costs considerably already, may have to increase its prices at a faster rate than would be expected, therefore adding to cost inflation.
Personally I agree with what you said, and refer to RR who gave their staff a one off 2k cost of living payment. An appropriate pay rise with a maybe a one off market supplement may be more prudent.

Hi Longerguy
I reckon JTan would still be a quid down, where on earth is he, maybe IAG.
I was even at 4pm , put it that way.
I'm hoping that with the dividend, there won't be any major retrace. And for once I'm letting my entire holding ride without reducing the risk at breakeven.
Hopefully this does a RR and continues the next day.

Look I'm not against fair pay and lots of the strikers especially band 7 - 9 nurses have been underpaid for years.
But we all know that their argument about 14% being a real term pay cut which they argue against a base inflation rate of 13.5% will actually seem like a cracking offer this time next year when hopefully inflation normalises.
I know people in this country are very short sighted and only care about the here and now, but if all these strikers all got these 14- 20% pay rises , and the economy was thriving because everyone would be spending freely again, why would prices / inflation come down?
This what the central bankers refer to as wage spiral inflation.
My big bug bear really is the RMT.

Hexam
I remember last year thinking that the results would have been better had the business sale one off costs not been a factor towards that loss, and thinking the markets couldn't see through that.
The results were presented very unclearly and the market focused on a large loss as a result of business performance.
Or have I got that wrong?

Swings and roundabouts, if they reported like this a year earlier, you could argue it wouldnt have tanked to low 20s.

https://www.unitetheunion.org/news-events/news/2023/march/entire-west-midlands-bus-network-to-shut-as-over-3-300-national-express-staff-strike-over-pay/

Gocpi
Me too!
All I'm saying when they did that research they weren't far off the mark, and I remember thinking at the time, that's ages away. But not anymore.
I just hope that this is one those occasions that despite all the theatrics by the yanks, we maintain momentum.

23 could mean FY 23 , no?
Therefore 24

I'm sure I read an article by either shore or Peel 12-18 months ago suggesting that they didn't see dividend reinstatement until 2024. That could mean calendar year but its only 1 more year away.

Can any of you more experienced balance sheet buffs see any potential issues going forward?

One thing that springs to my mind is the 450 mill bond that needs sorting by October, and also the reason for the increase in net debt?

Much appreciated

Also I read 96% of NEX staff voted for strike action, and stockepedia lead with UK business returns to profit led by train strikes.
Still feeling a bit uneasy.

Longerguy
I'm not expecting anything miraculous tomorrow.
I'm even prepared to give this another full year without top slicing.
And I'm even prepared for worst case scenario of equity raise to partially reduce debt, provided its not too many shares.
The fundamentals are sound, all cost pressures should ease throughout the year, so even with more shares in circulation, this time next year Rodney!!

Well it would appear there's no fomo even at these prices.

The way the UK markets work, I wish a pe would come in buy Nex, M&S and all our ridiculously undervalued companies. The MMs are asking for this now, wouldn't be surprised if there is a stream of announcements before the dollar starts weakening.