I am concerned about the drop in the price from 1250 to 650. Very few people are traveling by bus or train and income must be really hurting. I expect a below expectation update shortly. Providing they can survive I can see a recovery in 3 years.
What's everyone's target price here? I bought in at 26p and can see the share continuing to rise for the rest of the year. Thinking of waiting for the 2020 results in April/May 2021 and then cashing in. If the price makes it to £1.50 I could have a decision to make!
The recent drop in the price is a worry. The last update from the firm forecast a profit of about £60m. The concern is that there is something known about the company which is causing this drop.
Share price has consistently dropped since a high of 1250 after the initial drop to 400. Still holding as I think long term it will recover but could be a long road now.
I was invested in GOG and FGP, however after FGP's statement this morning I sold out there at a loss. I feel that GOG is a different beast and is still profitable unlike FGP which swung to a huge loss.
I read it and sold out immediately. They can spin it whatever way they want but the short term viability of the company is in jeopardy. Substantial loss with no sign of social distancing measures being reduced which would allow anywhere near normal capacity of buses.