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The market will decide who the muppet is Clem....
Not a great pile of debt compared to other Public Transport Groups Clem. you reckoned the liquidity was depleting rapidly, That theory has been kicked into touch eh? gl
TBH Profit better than expected, available liquidity up, debt reduced!
Don’t expect SP to rocket today but long term future is excellent IMO!
GLA.
I just don't see it going back to 68 or lower buddy,
as I said, I reckon today is just pre result jitters if you sold at 77 get back in now at 74! Look at the last four weeks and the pre covid SP + Dividend, its still a no brainer. IMO.
Trend, it would be wrong for Directors to be buying shares while various govt props the revenue up. They will be happy enough that the Company is not running up huge losses at the moment, the priority for them is NEX rises out of this hellish year in as good a shape as pos and it certainly feels like that is happening. GL.
Must admit that even in the dark days of late September when this was bouncing around 35p and I was screaming for everyone to fill their boots I never thought it would hit 80p this year! I have been a long term holder here but managed to get my average to 54p in September, still no thoughts on selling tho.
When Divis return and they will this will be a terrific earner. GLA
couple of big sells this afternoon yet it continued to rise! Must be something going to come out soon!
GLA
I reckon todays rise is due to the positive update from GOG.
GOG and SGC both significantly up as well today. FGP down slightly but had a big rise yesterday!
If not today it will be tomorrow, this is only going one way now!
Been @ 60p since the vaccine news rise three weeks ago, hopefully that's the resistance there broken now! Onward and upward, GLA!!
thanks Trent, suppose passenger numbers are a bit all over the place with various stages of lockdowns kicking in but any idea what sort of % there was when schools returned and things were getting back to normal?
Yep, potentially less revenue and therefore profit but undoubtedly less risk. And with Govt and Local Authorities assisting to build public transport up, particularly bus, it could make the future more stable for Operators. I just don’t think it’s the worst thing in the current climate.
clearly the Pandemic has brought the realisation that the marginally profitable franchising model is preferable to the hugely unknown future of commercial operations. Potential profits (albeit slightly smaller) which are known up front regardless of passenger numbers is not a bad shout particularly if Local authorities are going to invest in service infrastructure and provide greater support in general to operators.
SGC in London were flying prior to the Pandemic and this will no doubt end up a very similar model!
IMO!
The half year results will confirm what everyone should already know. Breaking even on local bus services with small profit on additional contracts.
This is defo a long term hold for me and now reckon at least 24-36 months before we see it back to pre covid SP. Managed to get average down when it was 38p and at last I’m now in profit but defo not considering selling.
As the vaccine is rolled out and govt advice changes to “public transport is now safe” the passengers and revenue will return, it had already returned to 60% from just 10% before restrictions came back in, and that was when the advice was stay off public transport!
Recent trading update confirmed the war chest is still there and there will be opportunities to grow in both the U.K. and overseas. Don’t forget we’re currently shortlisted for Dubai and Sweden contracts.
GLA!
no way these are going back anywhere near the 30s Barney, I was happy filling my boots when they were there too but I am ecstatic now!! GL.
Today’s rise absolutely confirms the potential upside in U.K. public transport stocks right now. This is still 1/3 of pre covid SP and if it can rise 30% on a glimmer of vaccine news what will happen when we do finally get back to some kind of normality?!
GLA,
Cheers Matty, definitely a more straightforward and understandable answer than ive previously had. GL
Clearly many are seeing it as a good buy opportunity, nearly twice as many buys as sells today!
Trades 549
Vol. Sold ; 360,553
Sold Value ; £138.45k
Vol. Bought ; 673,647
Bought Value ; £258.68k
Ive asked this question before and TBH never really got an answer I understood but why when buy volume for a stock is considerably greater than the sells does the SP fall significantly?
I know the markets are all down today etc but I just don't get this!
GZ, that statement re Covid has been mirrored by all in the industry in results and trading updates and is obviously a disclaimer in these uncertain times. For me the key things to consider are,
Is public transport here for the long term albeit in a different world post covid?
Will Govt continue to see it as vital to the recovery of the economy and continue to support as long as it’s reqd?
Will we get control of the virus?
When the support stops and profits return does this Company have a good dividend history?
Have SGC performed well in recent years?
Will there be opportunities for SGC to grow in the future?
IMO the answer to all of the above is yes and that’s why I’m here and adding more when I can, don’t side on the sidelines to long.
GLA!
Teddy: I am heavily into both NEX and SGC and although I reckon NEX is the slightly safer bet the potential upside in SGC defo far outweighs any risk. IMO It has the potential to get back to +150p post Covid especially if shortlisted bids in Sweden and Dubai prove successful! GL!