Member Info for Quickdip

The increased offer came as soon as the Mayor got involved. No doubt a subsidy will have been given. Fares will be going up in line with inflation too.

Chelmo. Too much debt, too much goodwill, massive losses. Doesn’t look cheap to me.

Gsolomon there’s no question the offer will be accepted.

Joseywales

It’s clear to see what has been dragging NEX down. We were at £1.20, stellar results came out and the bull run quickly took us to £1.43. Strikes brought us back down but they’ll be over next week and we’ll be on another bill run next week I’m sure.

I looked at currys a few weeks ago but decided against it. There’s a lot of competition driving the margins down. Could well go the same way as Comet, little woods etc. Probably needs to go online only to cut costs.

Sold out of here. DLG needs a major overhaul IMO. The idea of going direct to a broker for insurance without using a comparison site is massively outdated.

I sold up too. Think you did the right thing. I expect it to bottom out 2024, start rising again 2025.

Not seeing much upward trend on a 5 year chart.

Funny reading back through old threads.

@doyezee
Don’t say I didn’t warn you. Won’t be long now.

Can’t image there will be much demand for new hoes in the next year or 2 with these rates. Won’t be long before this share is sub £10.

Barchid
You’re probably right. I got out of this one today. Better opportunity in NEX.

Paddy
True, but we’re clearly in a much stronger position today than we were then. Upcoming results were guaranteed to be a loss. No divi to look forward to. Too many people keeping their piercer dry hoping to get in right at the bottom. I think that’s been and gone and they’ll all be piling in at once. Especially with the upcoming divi, and isa allowance. Not to mention the shorters will be rushing to buy back in.

Saihaj

Right now the SP is 117.20 (112.20 if you discount the upcoming divi)

The lowest close during covid was slightly higher at 117.70. 7 weeks later, the SP was 253.20, a 115% increase. Here we go again.

Historically this stock has traded at approx 15 P/E ratio, compared to approximately 4today. P/b ratio historically around 1.5, today it’s 0.53. All pointers show the fair value to be 3x the current SP.
Only 2 things dragging it down are debt/interest rate worries & more recently the strikes.

The only debt maturing this year is a 7 year 400m bond. At current rates, this will cost approx 12m more per year (only about 5% of operating profit). The vast majority of the rest of the debt is fixed until 2028. By then inflation will have come down, rates will have come down, so the debt is not an issue. Strikes will be over in a few days. Don’t think I’ve ever seen a long established stock trading so cheap.

To add icing on the cake, more people will be turning to public transport/coach holidays in a cost of living crisis.

Pretty much guaranteed they accept the pay rise. Nice rise into the divi, upcoming isa allowance. Shifters going to have to buy back. Can see this going back up to 170-180 within weeks.

https://m.facebook.com/story.php?story_fbid=pfbid02DLtqPC5kSVEBWHUAGm5wCAp8ZoZo5XAfPoUUHn5SDhBxTK4n2uLA2yKrHSGCfjRl&id=100043950887884

Topsharepicker
What do you think the price will be in a year?

In a world where everyone is going on strike, bringing the country to a halt, a change in the law is needed IMO.
If a company has offered a pay rise at inflation level or above, employees are just being unreasonable and shouldn’t have any protection while on strike. If they aren’t happy, they should look for another job if they still think they’re being underpaid.

Short term news affects the SP more than the fundamentals of the company. Just look at AML, went up 20% the day after winning the F1, then it corrects itself and we get back to reality.

Book value is £10.77 so it doesn’t seem far off.