Member Info for Paddyboy1

Personally i'm not a huge believer in dividends & am more interested in the capital rises. All too often i've seen divi paying shares get tanked when the divi's are pulled or reduced. (Think DLG, PSN etc). A nice dividend is of course a bonus but can become fool's gold. Buybacks are a great option. Same as a divi really just in another guise!

This has to be the biggest bargain currently on the FT350. Dropped to pre vaccine Covid prices on the basis of as far as i can see nothing! All updates have erred on the positive side. Crazy markets!

This bounced quite sharp when they clattered it to 125. I can't see this short getting it too much lower before calling it a day!

Spending £150m on new buses doesn't indicate to me the company is concerned about debt!

I simply don't buy the debt argument here either which is the main reason people are spouting. The mkt cap has had more than NEX's entire debt burden blown off it in the last 12 months alone. Bizarre stuff!

Not true JG. People didn't pile into RR, RCH sub 70p; MRO, IAG, SDRY sub £1. The list is endless. The markets are slow to react sometimes!

Nice to see some people realising there's a crock of gold waiting at the end of the rainbow here!

just someone talking crap on ADVFN!

Probably true i overthought why this was the price it was in 2020 & cashed out too soon missing out on some huge profits. £2.50 is first stop for me this time. I don't care how long it takes to get there but i'm confident it will return to former glory at some stage!

I'm quite intrigued about today's drop after that contract announced on Monday. strikes me as either a big holder selling down or shortsellers driving the price lower to facilitate an orderly exit. Can't see too many PIs crystallising losses here. We'll find out before too long no doubt!

Fairly safe from any negative news at these prices i think!

Nearly 100k now. Let's hope this one doesn't go belly up. LOL

I've added another tranche here this morning. As i see it the FY results would have to be absolutely abysmal to justify a more than halving of this company's value over the last 12 months. I've seen nothing whatsoever in any RNS to suggest that this is the case. Time to just accumulate here & ignore all the BS noise!

NEX is currently bucking the trend & going through a period of deflation! Time to buy before the SP learns about inflation!

Don't forget JG inflation will also push up the price of shares (LOL). Someone was saying WMB is loss making. Where did that come from? i don't recall they were making losses from that venture. Quite the opposite i believe. Can someone enlighten me on that one!

Can someone point out to me why debt is high? as far as i can see it is lower than it was in 2019. You obviously can't wave goodbye to debt overnight & nobody could have predicted the pandemic. The company is doing everything right management wise as far as i can see. The industrial unrest is countrywide & will blow over at some point. This is just accumulation time as i see it!

The debt is not high. The earnings have fallen due to Covid. The earnings will increase in time with contracts such as that from yesterday. This is a classic recovery stock. You only need to look at the historic SP graph to see that. Big falls during economic crises then steady rises as things normalise! The debt is predominantly at fixed rates & most variable costs are hedged where possible. The company is operating within it's banking covenants. This is bizarrely priced!

there is blindness. Buy the dip!

There is a lot of shortsightedness & impatience i think with investors in NEX. I hear a lot of talk about this huge, huge debt mountain. Hold on . Look at the Balance sheets for the last few years. Borrowings/liabilities are lower now than in 2019. Yes, earnings are much lower but hey don't forget we've had a global pandemic & still suffering the aftershocks of that. Also don't forget this SP was nudging £5 back in 2019 . The earnings will steadily return here. Today's announcement will contribute to them but there will doubtless be more contracts to win. Debt is a fact of life for all large companies & NEX's debt is nothing compared to other companies. People should stop moaning about the shorters. Thank them for presenting you with such a bargain price! BUY, BUY, BU?!

That was the logic of holders of Direct Line too!