Member Info for KGinvest

@Paddy, good analogy.. common theme coming out of the jokers' posting history, they love posting and perhaps investing on asos, boohoo boards and the likes.. perhaps got their hands burned and now jumping up and down and overblowing small concerns.. these ppl haven't got an iota of understanding about investing and displaying their freak show on public boards!

somebody ask them how much was the dividend paid and they would have no clue that it was negligible in terms of numbers we are talking about and yet these 'saviours' want the company to cancel dividends.. pure stupidity at display..

somebody should also ask them why the likes of JP Morgan and Blackrock, with huge investments in the company are still around and voted with their approvals for dividend etc in the AGM if there were concerns about debt payments.. no they would like us to believe they have got superior understanding of the business than anyone else here

@quickdip, i think you got a contorted view about this all so i am going to give you benefit of the doubt and try explaining how I think about this.. no one is saying everything is rosy with the company, least of all debt position but you can't keep beating down a share for the same reason again and again.. high debt and general macro environment are the two main reasons why this share is down 60% in last year - that level of drop is the result of high debt, it is not new news and thus fairly priced in into the share price, even though some would say it overshot to the downside which shares tend to do..

Debt position - just so that everyone's on the same page here, I have looked at the annual report again.. net debt is £1.2b while EBIDTA is 418m giving you a leverage ratio of 2.9 (lower the better).. this is the same leverage they keep talking about in the annual report with a target of under 2 by end of 2024 and I think it is likely they would be targeting somewhere close to 2.5x for end of 2023 even though it is not published or committed.. now this ratio of 2.9 is high compared to 2.5 which is normally considered 'safe' so a watch item for some ppl or a cause for concern for others but it is not overblown by any means and is likely to be within the safe limit by end of this year which means extremely unlikely that a rights call is coming.. this leverage was over 10 for cineworld which went under and I am sure quite bad for ASOS too but you can check it yourselves and compare - you will realise then what I am trying to say here.

Now if you are alleging that the board members have lied in the annual report or hiding something, that's a completely different ball game, possible but extremely unlikely. Also, in last 10 years the company has only done 1 rights issue and the dilution was about 20% that too during the pandemic, again something you have misquoted previously.

Given the facts above, please be mindful that some people have a big chunk of their lifesavings in shares so throwing out random share price targets or creating panic is not helpful to anyone.. am i saying this will only rise from here on? absolutely no idea, many shares including this one are being manipulated so it sure can go down a bit further but not for any genuine reasons but only due to fear which shortsellers feed on..

hope this helps, gl

Quickdip, you definitely need a dip in cold water to get your brain working again, assuming it worked in first place.. or else maybe just stick with ASOS, given your logical acumen, you may find the fundamentals better there!

Well said @Paddy, it think he's just despo now to recoup lost money and want to grab this gem for a throw away price..

Well done Quickdip, what a revelation.. not one single person knew about it that you are supposed to compare gross debt with market cap instead of gross assets, just superb.. trying to say the same thing again and again shows your desperation.. now just because the share price is not going down as fast as you anticipated, dont you start throwing your toys around

@Paddy, Poker, JG, LG & other sensible posters who have been around from a while here - please stop responding to these jokers who do not even understand balance sheets, share awards to directors etc etc.. you are just feeding their egos and they will keep coming back with stupid arguments on why this will go lower.. in the end we will only end up losing our own sanity..

Lol @Paddy.. there has been a flurry of random posters coming out of their bunkers spewing garbage here in last few days.. as if having to deal with this absurd share price wasn't enough for us

@Longerguy: hold on mate, this too shall pass

I hope the directors have bought some shares today.. if not now, then when?

@Paddy & GI: that's just hilarious, we need bit more of this on this board..

I do agree with GI on the sentiment though, i thought 115 was a solid bottom but it got breached.. sometimes there are things happening in the background we PIs dont know about, I just hope that's not the case here

@Genghis - it's not meaningless.. it indicates a washout, the weak hands giving up on NEX and selling out of it.. it is generally a positive sign

Well i am not taking it out on anyone here but people seem to be oblivious on how shorts work so they keep on wondering and worrying about short positions.. c 2% short position is nothing in grand scheme of things but more importantly one need to realise that many a times a hedge fund short a stock to hedge their client's long position and it doesn't mean that they are expecting the share price to drop.. that's part of their business and there is nothing wrong with a stock.. now obviously I don't know whether it is a speculative short position or just a hedge but just wanted to put it out for awareness.. gla

I know there are ppl who have done more research than me so can someone please point out where I can find what NEX is expecting this year in terms of rev & net income? Even smaller companies than NEX clearly state out their guidance but some bizarre reason NEX mgmt doesn't think it is important; they are stuck to their old ways still..

This is perfectly set up for a rip on monday as we are at the level of 50 day moving average.. my feeling is that it's gonna go up and break 120 on monday and eventually be over 124 by week's end..

LG: you were asking about this.. the results are out and as I expected it was a non event for the share price

https://www.nationalexpressgroup.com/media/3vslduxo/2023-05-10-agm-voting-results.pdf

@Prime: it is a very correct observation!

Perfect example of manipulation.. it only took about 100k share volume to bring this down from 121 to 117s and i thought we were having an excellent day

LG: divi will be approved, no question around that.. infact all resolutions will be passed.. we should see the results within 2 days i would think

LG: sorry, i wasn't taking a dig at you mate.. all i meant was that liberum is perhaps right in calling asos down, it has become a fragile business

LG: no similarity with ASOS imo other than both have depressed share prices but the key difference is that there is atleast a logical explanation for ASOS tanking but none i can find for NEX..

So funnily and rather unsurprisingly, the resolution to change the name of the company was in last year's AGM and was approved.. if anyone is interested, the notice is on their website..

"Shareholders will note that, in addition to the business we normally propose, at this year’s Meeting we are proposing an

additional Resolution to amend the Company’s Articles of Association to permit the Company’s Directors to change the

Company’s name by Board resolution"