Member Info for Paddyboy1

If you think NEX has a book value of £34m why all the interest? surely one to avoid like the plague! bizarre that the company would have just shelled out it's worth in dividends!

There are no tangible reasons for NEX's current SP, only intangible ones!

To disregard intangible assets as worthless is rather bizarre. I't 's like saying the McDonalds or Coca Cola brand is absolutely valueless in itself. If intangibles had zero value they wouldn't sit on company balance sheets!

I really can't understand what all the fuss is about here. The company is operating just fine. The debt is fully managed as we've seen from the updates. It seems to me that people are extremely eager for the SP to weaken further so they can buy cheaper than an already rock bottom price. A lot of non existent issues being raised here i believe!

The problem with jumping in when inflation comes down & interest rates fall is that everyone jumps in then & you pay a premium for the reduced risk. Like saying i'll buy when the covid vaccine is found!

HBs are aimed at FTB market. That market is almost no existent in the current climate IMO!

Avoiding for now. I can't see any reason atm to buy in. I'm sure TW will test £1 again & PSN i expect to go sub £10. Will buy at those type of levels not before!

I've looked @MARS a few times before but stayed clear thus far. It's now getting to a level where i will be looking at taking a position though. Very high debt burden there so quite a risky one but i think probably decent value as they have sustantial freehold assets in their portfolio.

Poker, house prices won't drop hugely because of constant interest rate hikes. They will just completely stagnate the housing market. This is already happening. Only those desperate to sell or forced to sell due to moving job or buying something way out of their income bracket in the first place will reduce prices. People who've bought their properties say 15-20 years+ ago will just put off selling. All a vicious circle IMO as FTBs cannot buy so housebuilders struggle. This causes unemployment which extends down the supply chain. Personally i'm avoiding stocks in HBs & retail atm as i think they could get hit even further down the line! Agree that the UK economy has been in a bit of a dream world for many years now!

When the revenue from those contracts appears in the financials, is what is significant. Margins are low in this type of business so volumes of business inflow are crucial!

Many companies have high valuations & have never, ever turned a profit. As an extreme example TESLA is valued in squillions but only started turning profit last year. There's been a pandemic that's why NEX is not valued higher. They are making all the right moves IMO according to published RNSs to rebuild post pandemic. Inflation & a high interest environment may present problems here if they persist for multi years which is unlikely but they are hedged against uncertainty at least in the near term. This business is not a crypto or an AI type business. This is a huge multi national public transport company. There is little competition & huge barriers to entry. People need keenly priced public transport as the cost of vehicle ownership will surely become unaffordable for many. Valuation wide. Who knows depends on contract awards & such like but contracts seem to be falling into place here (think Porto/German Rail etc). Only time will tell! You only make profit when there is risk. At current prices the upside to this SP hugely outweighs the downside. Once the short sellers call it a day here this worm will turn significantly!

Personally i'm never too bothered about director buys. I don't think they make much difference really. The THG chairman i recall bought £1m of shares @80p but the SP still dropped as low as 30p. IMO all NEX needs is time. Time to prove to the markets that the debt is easily serviceable & is being reduced by growing revenues & new revenue streams coming in. In time inflationary pressures will ease; interest rates will come down. I'm completely relaxed with this investment & still can't believe i ever got opportunities to buy this again at less than £1.50. Not one to microanalyse on an intraday basis. The rerate will come here in time. Just one to accumulate while the price is still low which is all i've been doing anyway. Hugely overweight in this now but can't resist a bargain!

Yep, IMO anyone selling around these ranges is really just a chancer. This is just a buy zone for me at present. This will reward the patient well. No doubt more toads like this twit will appear again but who cares. I see Manz disappeared & thet Terry fella didn't hang about too long either!

So he now says he had no shares but had all the time of an unemployed,, unswattable wasp to post endlessly on this board a load of crap to try & get you other investors to sell up on the cheap. Less credibility than Jimmy Saville in a nursery!

Can't read a balance sheet but can read the bit on CFD adverts which says 'You will lose all your pocket money!' clown!

haha , the green coffin claims to have traded for a 2p profit. trading fees & stamp duty would make that a bizarre trade even on quite large amounts. he has no money. lost half of his bubble gum on asos. this must be the biggest ******* i've seen darkening these chat boards for a while. probably needed 50p for the electric meter over the weekend!

Like you say he's desperate to recover losses but the sub £1 just hasn't happened for him!

You won't serve a better ace than that comments chronology PC. Best post i've seen in ages!

Will he return to Centre Court or retired hurt???

Class Poker. 24 carat bellcheese!