Member Info for Quickdip

We’re 2% up so far this week?

Whatever happens I think we can be reasonably sure there’s only one way the SP can go from these levels. Can’t recall seeing such a bargain blue chip stock.

I’m only a novice so take with a pinch of salt but it looks to me like they already had 0.3% of voting rights through shares and they’ve acquired another 4.7% through “cash settled equity swaps” which will be performed at various dates. It looks to me like NX is using this to refinance the debts I.e giving equity in exchange for cash to settle the bonds as they become due.

Weathtransfer
The price is still cheap enough for anyone wanting to bring their avg down. I’m sure all investors, no matter their avg buy in price would prefer to take say £2.50 per share and invest it elsewhere than sit on a paper loss.

Point is that because this share is so cheap, if another firm was to take us over and pay the book value we’d see an instant profit of circa 70% on our holdings.

Firstgroup would be the obvious company to take us over. I understand it sold off its US business not too long ago for about $3bn dollars.

How do you know nobody wants to buy us? The results only came out a few weeks ago. A strike has been hanging over us until 2 days ago. Acquisitions don’t just happen overnight.

Apropos
Maybe not a raging bus market, but as the value of the pound drops assets gets more expensive, or at least depreciate slower.

Poker chips
Yes, inflation will spiral but such is life. Nex has a lot of assets (busses) that will rise in value with inflation too, just look at used car prices. This strike has been blown out of proportion, it affected less than 10% of the operation.

Fares will go up in line with inflation. The same will be happening to rail tickets too to pay their drivers pay rise.

Bed and isa

Open at 1.23, close at 1.35 is my prediction.

Do we reckon the SP will drop at a similar rate this year the day after ex divi date? I reckon people who are thinking about selling will just be hanging on for the divi and then put their cash in something that’s actually rising rather than consistently falling.

Really? When did this news come out?

I bought in at this level in 2020, sold my holding a few weeks later 60% up and regretted it because it carried on climbing. Had I sold a few months later I would’ve been 150% up. Not making that mistake this time round.

Good point crossley, hadn’t realised. Makes you wonder why Psn is still trading at a premium compared to its rivals. Maybe it’s the upcoming divi, and we’ll see sharp falls a day or 2 after as folk start clearing out the non performers. Think I’ll hold of buying until its pb is in line with its rivals.

Cheers Steve. Don’t get me wrong it seems good value at £12, but I dived into nex at £1.46 thinking I’d got in at the bottom. Will keep my powder dry a little while longer this time. Psn dropped 80% in the 2008 crash, and it has a lot more challenges today than just a banking crisis. Soaring building costs, increased debt costs, falling house prices. I understand they’re spending millions rectifying cladding too? I reckon we’ll see the bottom Q4 this year, then a few months of stagnation, then back on the rise spring 2024.

Sold my small holding at £14.20 and been watching from the sidelines since, but why is this down 62.5% so far, whereas other builders seem to be down 35-40%? Hoping to jump back in around the £10 mark.

Longerguy
Enjoy the outing, we’ll be back home in John o groats soon. All aboard!

Sold out of this. Won’t be long before it reaches 27p again and I’ll buy back in.