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It actually was over £2 around September time (I think)

Thank you. I wonder if that has gone to others who chased updates today too. Sounds really promising though, thanks for sharing.

JG was that comms sent just to you? If not, I wonder if that has triggered our little bit of a rise today as surely shorts and funds would be chasing news too.

FirstGroup are up 7% in a year. NEX are down nearly 50%

They need to update the market if they are going to miss guidance and their FY ended in December so they would have a very good idea by now (most companies updated in Jan), no news is good news in my view in that regard.

I know there have been rumours before, but it really does feel like this could be being primed for a takeover. It would explain the lack of director buys, no institutional transactions (buy or sell) and the drop being caused by potential purchasers doing all they can to drive down prices and get this on the cheap.

One possible way the driver shortage could be overcome. It's not an immediate term fix, but could possibly be expedited if the shortage continues and unions keep pushing for more?
https://www.edinburghnews.scotsman.com/news/transport/edinburgh-driverless-bus-service-to-launch-in-spring-in-world-first-with-automated-14-mile-route-4008748

A bit different from the excitement of this time last week. You've got to have the patience of a saint with this one.

Agreed. I think we are saying the same thing, thank you.

When you short a stock, you borrow it from a shareholder then sell it into the market. When you decrease a short you buy it back and give that stock back to the shareholder. So when they increased their short again they would have borrowed the stock back and been able to once again sell into the rise, but now they'll once again need to buy it back at some point.

Looks like Tellworth increased their short on Monday so they could sell into the rise and bring this back down. They've done a great job it seems.

I think it's because of the free float. 95% of the shares are tied up with institutions or insiders already so there's really not much for them to snap up and instead that 5% plus the 2% held short are just being recycled.

I disagree JG. Look at Tesla, that's being piled into, but certainly isn't too cheap to be true. The market moves in mysterious ways sometimes and can be known to defy logic. We are all hoping this is one such example. The free float is really small (according to Yahoo less than 5%) so can easily be manipulated by shorters.

I can't see that being the case as they would be obligated as a public company to update the market first surely?

More and more of these identical trades going through. It makes it looks like we are churning through huge volumes, but I'm not sure we are?

Very true, but think about the return it it bounces like it did last time around or is subject to takeover. The trading updates have all suggested this is in a better position to that which it was last time it was at these levels.

Good man Paddy. I guess if the shortest are going to tempt you and you've got the capital then why not. How many are you on now? Still a great average in my opinion

They seemed to be 3 paired transactions again. Could these be transfers between accounts?

Very welcome news indeed. Hopefully will encourage investors to hop onboard too.

I didn't realise they weren't part of the directorship anymore, the news article earlier wasn't clear. If they don't have any relationship then I'd agree, but the news article this morning seemed to suggest otherwise

Yes JG. They are bidding for public sector work and therefore would likely have clauses in their contracts and when bidding for work that refer to direct conduct, especially something as contentious as human trafficking.

My thoughts are that this could reduce competition for NEX as Stagecoach would be disadvantaged or disqualified on this basis and could even open immediate opportunities if contracts are terminated. Let's hope NEX can mobilise quickly and take any chances to steal away contracts it can get.

This could be significant. All tenders I see now have a section related to both company past criminal actions as well as those of the directorship, some may even have clauses that allow them to terminate existing agreements if they are breached.

I wonder if the potential positive impact on NEX will scare shorts into closing?