Member Info for LongerGuy

I found this story, but it's behind a paywall. Moventis published an article on their site on the same day

https://globalmasstransit.net/tga-signs-largest-intercity-bus-transport-project-contract-saudi-arabia/

So apparently Bank of America had a Buy target of 170 on 2nd
The Times had a Buy rating (no target)

We now know about the other 2, but it's interesting all the positive ones have missed the headlines and the only one that got covered her is the sell at 115.

Does anyone have a paid account here?

We all thought that Liberum was the only broker rating since results (and according to this site it is), but after reading below about Peel Hunt it appears there have been 4 new ratings this month. 3 buys and 1 sell https://www.stockomendation.com/companies/nex-national-express-group/stock-tips

MMCG amazing news. It's a shame that wasn't picked up by the news feed here. Do you have the link please?

Last year, the director buys were announced the day after results. We are over a week gone now and even with the price still around this level, there hasn't been anything.

There are two obvious reasons for it I can think of:

They don't believe in the stock
There is a takeover being discussed

The presentation suggests they don't believe the former and even more telling is that I think part of the CEOs remuneration is in shares, so it seems incredible that there hasn't been any update. I assume that he wouldn't be allowed them if he was receiving them now at £1.40 knowing that in a short period they would be worth £2 (or whatever the offer price is).

There are also no institution trades either. Plus now we are actually up on a red day and there are so many other signs that have been mentioned before, don't you think?

Do you have the link Ahkm? The only one I can see if from 2nd March

I definitely don't think it's this article. Could be a number of things though:

First group
Positive broker update is inbound
People realise this is a bargain (especially as a lot were buying above this price for the last week)
Institute is buying in or increasing
Short could be reducing

It's good to see us recovering from these drops though. My heart could really do without them though.

Seems the positivity and growth demand is right across the sector

https://www.punchline-gloucester.com/articles/aanews/video-coach-company-on-the-road-to-expansion

Could also rise on the positive news around UK economy from this morning or because people see this price as oversold after the positive results and decide to snap them up.

No need to apologise JG. I think the difference here to the US markets is the headline stocks there are close to 100% above the lows and are still relatively overvalued. This is pretty much at rock bottom and had been rising on the wave of a positive trading update until today.

There is also a higher and higher probability that this stock is being manipulated for a takeover bid. I'm annoyed it is being played again, but largely because so many genuine investors are being taken advantage of and are selling below the true value.

If there was a underlying issue then the trading update should have informed us and if not the institutions would be high tailing it out of here.

Incredible. Surely they should be investigated? This is more than a coincidence.

Good to see some positivity from you JG. Especially on a day like today.

It's either a sell at £1.37 or a buy that has taken place over a number of days. If it's a buy then I bet they are delighted with that price compared to where this has been during the last week

So if another broker comes out tomorrow with a price target above the current level and a buy/overweight rating does this shoot back up again or do we only follow when it's a negative?

Looks like there was a 4m approx trade at £1.37 throughout the day

So are we to assume that despite the advice of DYOR, everyone who has been buying this stock above this level for the last week suddenly changed their mind because of someone else's opinion?

Were they only buying because Liberum had a hold rating and target price of 155?

Josey, also add in that there haven't been any II trades since May last year either and Bloomberg had a report that this was in the top 10 UK takeover targets according to a survey of trade desks

Microfocus had at least one sell rating shortly before the takeover there which approximately doubled the price

Where is the rating please?

It's now over 500k traded which is almost more than the whole of yesterday so it's triggered something.

The only other explanation I can think of is that a broker has told it's investors about the rating it's going to release and they are jumping early.