Member Info for LongerGuy

How is the book value calculated please? That's actually the lowest figure I've heard quoted for NEX, most seem to be a minimum of 300

There won't be a long term, we're getting bought out. Haven't you heard?

In all seriousness, there's a lot of upside beyond £1. I don't plan to sell unless I need the money or I'm forced to by a takeover. From what people have said it's a good dividend payer when it's back up and running so that alone could cover your original investment within a short timeframe even if a takeover doesn't happen.

If 68% has that affect, @Saihaj's TakeoverGuy is in for a hell of a shock

@triumph1 that makes sense. This board is busier than it has been in some time so others may pick up on it as you suggest. I really hope so, it would be nicer to see the ups and downs happening in the green rather than plunging me into the red each time. Even with the coronavirus uncertainty, amongst other things, it does seem disproportionately undervalued compared to many other stocks

@themuir1 thank you. One thing I wondered was whether the financials might actually give bigger fund managers confidence to invest or increase their holding. I don't imagine it's something they could do immediately once the results are published (please correct me if I'm wrong, but I guess there's a process they go through?), but I thought it might give them the confidence, especially those managing riskier portfolios? I'm not really sure how that side of things works, but imagine that could give a sizeable jump in the price?

@bluefiesta Good idea still, this board will certainly make you laugh and cry

We keep telling him he should come on here, but he can't make his mind up

Thanks everyone, I couldn't resist the temptation when I was offered the chance to pick a username. You can tell I've been reading this board for a while.

You wait until you all meet my sister in law ShorterGal

Thank you @fatprofits I'd always intended for it to be a long hold, but it feels more reassuring to have things in the green (even a little) just in case. No-one knows what's around the corner and I've certainly not gone nuts, if anything those financials reassured me I'd made a sound investment, but when you get a reaction like today it just raises doubts that perhaps other wiser heads spotted something I didn't.

Thanks @triumph1

I'm not in a rush to sell, but when I see my investment running at a loss it always seems to give me that niggly feeling that I might have made a mistake.

I actually thought the results were much better than I would have imagined given what we're going through. You compare it to Tui who also announced today and who appeared to have much worse financials, yet they dropped by less than half as much. For a newbie it makes you question yourself so these forums are great for that extra reassurance.

I've been watching this board for a while, but only registered today. Firstly I wanted to thank everyone for the education, it's helped a lot. I got badly burnt by the shorters on this and pulled out having lost a lot of money and a lot of confidence. This board has given me entertainment and the confidence to try again.

The only bad things is that every time I come on here I end up wanting to buy more. The positivity is infectious.

I'm very new to this and have been reading the forum for a while. This drop today worried me enough to register, as the financials seem to have been interpreted very positively by industry analysts, yet the price has tanked.

I wondered if it was perhaps people who got into National Express knowing the financials were imminent, enjoyed the ride up from about 145 to 180 then just took the profits ready to move onto the next stock which created a bit of a chain reaction.

I doubt it's as simple as that, but if if anyone can enlighten me. It's just a but worrying when I don't fully understand yet and what I thought should have been a positive thing had a negative result.