It appears NEX now has a strong base supporting the SP. Which we did not see in previous months.
Agree, the signs here are definitely positive. Including Odey Asset Management increasing their long position here.
All looking good!
JTan - I hint despair in your posts :)
We are definitely due some good news in short order I reckon!
Just need more patience and HOLD for a very good blue day.
Lockdowns will be a distant memory. See how in a few week the whole doom and gloom around Covid cases BS is gone!
Life is getting back to normal and we are not regressing back!
Finally! About time for a decent blue day! Hopefully this breaks the trend for good and with positive merger news we could get close to £3.
Can someone enlighten me as to why NEX has so many RNS for form 8.3? I don't see so many for other companies.
Doesn't that seem to suggest some sort of positioning is going on with regards to this stock?
Also is there a possibility that the takeover discussions can continue past the 19th November deadline? Or is this it, and a decision has to be made by then?
Thanks for that update Nitro. Good to hear the buses are packed.
Also case numbers down again today! Will that be reported you bet not!!
Is an RNS coming on the Takeover, and someone knows?
Did something get announce, we suddenly just had a spike?
“ National Express reserves the right in its absolute discretion to waive any or all of these pre-conditions, in whole or in part.”
I read that as National Express are still keen on the deal, and want to get it done! Talks are still ongoing is positive! At least they haven’t broken down.
Jtan, I certainly hope so! Capital markets day on Monday and the takeover announcement either way duy by October 19th will probably play a factor in the way the trend is set (upwards I hope).
Personally it would make my day to see OKO Capital get burned.
So what's in it for us? The cost synergies, and I guess all SGC will be rebranded to National Express stronger brand etc.
Fully expect the pickup to continue! Passengers numbers from ~30% to 52% is good positive momentum!
I've read the update several times now. All metrics and passenger levels show a healthy increase across the board in all segments - which naturally impacts the revenue generation.
If this doesn't pickup today then I am going to start to worry. Fingers crossed for a green finish this week. Also with Capital Markets day on Monday - hopefully there will be clear indication of growth and revenue opportunities.
I've skimmed through the trading update. Looks all good to myself!
Thoughts from others?
I am very tired of this…down we go again. It’s quite mind boggling to me.
Again - as said before not sure how the update tomorrow can be bad.
I guess we’ll find out tomorrow.
Does anyone know what's going on here? Why does this just keep dropping?
Good to see this heading in a positive direction. I think it will likely keep going up till 14th Oct with investors/traders/shorters positioning themselves for the trading update.
I reviewed the annual report and the last few trading updates I don't see how this upcoming trading report can be negative... I really don't see how it can. Unless the drivers shortage has hit hard or there's something else.
You could be forgiven for thinking that with the recent Red list announcement and more travel to and from between Airports on National Express there'd be an uplift here. Sigh - I don't understand what keeps dragging this one down.
Surely we will see that OKO Capital have reduced their shorts?
This group therapy session is making me feel slightly better already.
I'm in for 6628 @ 2.56p and down 2.5K which is considerable for me. This has been gut wrenching to watch for me in the last few weeks but I understand that it's being traded in the travel basket.
I guess my only main concern here is whether there is a RI risk here.