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Of course this could be coincidence, but look at the maps of infections/vaccines.
https://www.bbc.co.uk/news/health-57094274
"In Bolton, the areas with the highest infections over the last week map very closely to areas with the lowest vaccination rates."
Feel like market is waiting to see if we can open up without restrictions returning. It looks like HSBC have cut to hold but raised price to 1340 which makes sense in the current situation. Seems like an overreaction to me, perhaps it will bounce up and down between here and mid 1300s for a bit.
Dude give up. You've been debunked ages ago and repeatedly proven wrong since the 50s. One day it will go down a bit, perhaps when it hits 120 in the summer, and you'll claim victory when you are in fact a broken clock. To repeat myself, the share price is going up because it looks like we are going out of the pandemic, and thus we will return to profit. Markets price things in advance. If you are a beginner you should listen to what others say rather than just ignore and regurgitate the same stale talking points.
Country has been in debt way worse than this relative to GDP multiple times before during crisis. What happens after crisis? Boom.
All the stuff about "running empty" during a literal lockdown etc is irrelevant when the govt are bankrolling the company.
Recovery will take 5 years plus except FTSE 350 is now only 8% down on pre-covid (brexit) and S&P 500 is 16% up...
The last point simply makes no sense. The NHS funding is not relevant to the bus company at all in any way. The govt will reduce support when we are back to normal and have proper revenue stream, which is exactly what we want to happen...
In the last lockdown the SP was 38.08p at the start and 73.5p at the end, so I’m going to go with 142p.
In all seriousness though, the ever looming knowledge of normality by April to June area should protect the SP from any notable downward move in my opinion.
Buying going on here
250p tomorrow?
Are you trying to tell someone else when their school run starts?
People buy for the future not the now. Tesla has a PE ratio of something crazy like 1000, it was a loss making company last year. If you know investing, the SP doesn’t wait for everything to be perfect until it goes up. That’s why we’re not at 35p anymore. That announcement reduced risk.
IMO I can’t see it taking 24-36 months if vaccine trajectory continues as it is. We know the companies are planning to apply to government within weeks, unsure how long approval will take but government literally bought Moderna vaccine the same day of the announcement, they’re not going to sit on their hands. Full distribution may take months, but if the vulnerable are vaccinated first, restrictions can be eased and then it’s just about cases coming down and continuing vaccinations for total normality. Maybe this entire thing will take 12 months, but again the SP will react to reduced uncertainty/risk along the way.
Why is this technology controversial? I would argue that if it has gone through the normal testing process and been approved for use, then it is by definition not experimental anymore.
Another vaccine announcement which has started the other battered shares off but left us at only 2% up which I assume is because the UK hasn’t already bought doses. Well, the UK can buy doses the company has said and it sounds like an easier vaccine logistically. Still more to announce soon (the others won’t want Pfizer and moderna to steal all the limelight) and approvals. Only possible fly in the ointment I see is an extension to lockdown, but it has been reported R rate is closing in on 1 and I think the govt will not want to break promise and ruin Christmas economy if R rate at 1.
Cheers for the info, I put my entire net worth and a payday loan into AA :)
I'm not super knowledgeable on financial results but why is this share so cheap? 2016 onwards revenue has grown each year, profit has been up and down but up strong each time. Meanwhile, at the end of January (pre-coronacrash) the share price was down about 80.5% since the end of Jan 2017. What the hell am I missing?
https://www.tiktok.com/@thewavehouse/video/6887619312497052929
No idea if paid for or free but nicely done!
I’m hoping we’ll just see a relatively meaningless drop tomorrow across the market followed by just more sideways movement in the mid to high 30s because of the following:
this was already priced in when it dropped back to 36p
Pretty much everyone expected this
Furlough extended for the month
Lockdown only planned for the month, meaning there’s a light at the end of the tunnel this time, plus we know lockdown successfully reduced cases last time
I just can’t see how this can be a bad 2 year hold. I can’t see the government ending support, the mcap is already tiny, we’re not losing so much money requiring a big dilution afaik, with so many companies trying (11 in final stages I think?) and such incredible governmental support surely there’s no way a vaccine won’t be ready in the relatively near future.
So basically I think I’m just going to hold, and if I find myself 50% down, which I can’t see, I’ll just buy more.
Does anyone know how much revenue (if any) SGC generates from school services? As that would be another positive since they’re staying open.
Seems like rinse & repeat of slavery drop. Long term upward trend remained in tact, big director buy showing confidence the allegations have nothing to do with Boohoo, another auditor will show up at some point and then we’ve likely got a trading update in early December for which excitement will build over the next month and a bit.
The LSE does not report buy or sell, only that a trade happened and the time. Platforms like this guess based on the price at the time, but as you know the price can rapidly change and reporting of trades can be delayed. So in my opinion the buys and sells reported are almost worthless.
Seems like a good price to get into this one long term. Correct me if I'm wrong, but it seems to be down similar amounts to/more than other hospitality & transport companies, but unlike say airlines who are losing half their market cap each year, SGC is EBITDA positive. Got a decent amount of liquidity. Strong government support for bus companies. Chart also stabilising.
Plenty of scope for upside:
- recently announced support packages giving some positivity to the market
- country getting on top of virus cases and cases starting to go down
- anticipation of vaccine as we're getting closer to the period they're expected to start being approved
- actual vaccine approval announcement
Not sure what the downside is here to be honest given the current mcap?
Well it appears to have done exactly what I said it would do in August. Next time it might be 1p to 5p if any of these current investments go pear shaped in the meantime.
We know ramping/deramping on social media makes a difference because that’s really the only explanation for absolute garbage like AFPO and CTAG going up 1000% in a couple of months. However, the bigger the company & the more institutional/large investor held a stock, the less effect it has. I suspect the effect on BOO is minimal, but exists.