Member Info for Quickdip

Everyone is sitting on their hands while the strikes are on. You can’t expect a share to rally while it’s all over the news that the drivers have walked out (even though it affects less than 10% of the operation) but when these strikes are over, which will be any day, it will rally.

Everything dropped last week. Nothing to do with the divi.

Interesting that the last NEX crash (excluding macro factors of 2008 & 2020) was 2003 caused by similar debt/interest rate worries we’ve had lately. It crashed to 193 and went up 140% within 2 years. It had a similar debt to equity in those days, and interest rates were at a similar level to now. I reckon the fear of a banking crisis will stop interest rates rising any further, and investors will no longer see the debt as an issue, and this will surge again.

Barchid
But with book value at almost 3x the SP, there’s plenty of room for error.

Interesting that the rail workers have accepted 14.4%… the same amount NEX has offered.

It’s only a matter of time before the strikes are resolved and we’re over £2.

I’m investing with a long term view, in the underlying assets. Unless they’re going to be sold off for 35% of their value, I don’t see how one could lose here. A good one for the patient investor.

As a large NEX shareholder I say let them stay on strike. Let the workers lose their pay. Let them look for other jobs. They won’t find better pay. Unite has the audacity to suggest NEX are paying too low when compared with an inner London bus operator. This kind of behaviour cannot be tolerated.

I just checked on the coach tracker and all NEX coaches are operating as normal. It’s just the local bus services around the West Midlands that are affected. This is a tiny part of the international NEX operation. Just topped up, lowering my avg to £1.24.

I looked at IAG but with a price to book of 3.54 it doesn’t look undervalued to me. Marstons on the other hand looks decent with a price to book of 0.42 and low p/e.

Too many people playing musical chairs with this. The strikes will be resolved and it will most likely return to £3 at some point in the next year or 2. Yet people are hanging on in the hope of getting it a few pence cheaper by which point they’ll have missed the bus!

Remember only 13.8% of the revenue is derived from passengers in the UK, and wage costs will be saved on strike days.

I’m going to switch the computer off, go for a nice cold pint, and wait for this to all blow over. I got in at £1.29 at still expect a 50% return within a year.

This is a good long term hold with a book value of £1.02 per share with no goodwill on the balance sheet and producing decent profits. Seems a shrewd business decision to get rid of any non performing sites and pay the debt down.

£2m buy after close. Three other 6 figure trades. Looks promising.

Why hold if they’re targeting 115? They’re playing games.

Nex need to play hardball and not tolerate this greed from the low skilled but pretty well paid drivers. We know nex is in a much stronger financial position to ride this out than the drivers are themselves. Some services will be subscription based so no income lost. But wage and fuel savings. Other routes which bring in cash revenue can be filled with agency drivers.

9/10 analyst price targets are over £2 on this. Still firmly believe we’ll get there. Im set to sell at £2 and not looking at it until then.

They’ve been given a pay offer above inflation. Let them look for another job if they aren’t happy. The driver shortage is over and nex are paying more than firstgroup etc. They wont strike for long, if at all.

Now trading at all time lows when you discount the upcoming dividend. Absolutely crazy.