Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Built up their initial short around £2/2.50.
Don't think I've ever in my limited exposure to shorts positions being as successful as this. 250p to 60p on a average 0.90% position too.
Anyway i'm in about 50% of my pf from 130 to 115p, havnt averaged down as no spare capital, having thought inflation would have rolled over., thought i was getting bargin prices! How I was wrong.
I will continue to hold, fortunately I don't NEED the money only profits from 2020/2021 trading. Economic picture looks but it will turn around always has.
Https://m.marketscreener.com/quote/stock/NATIONAL-EXPRESS-GROUP-PL-9590116/financials/
Margin somewhat compressed and debt consistant., in current climate this is to be expected.
The company sure is bearen down, look at the forecasted yield, its through is the roof and is on its valuation on knees!
Didn't the same share price action happen after last results, in that it dumped 10% to 120/130ish then it carried on upto circa 190...
Anyway bought between 120p and 105p this morning. 1st half results always tread water all about the summer results, espcislly given this company almost fully sells European summer holidays...
A tough one to crack, both horizontal and the top of the long term downward channel to battle against.
Don't think we will struggle, no doubt gap up higher on open tomorrow over this resistance.
https://www.marketscreener.com/quote/stock/NATIONAL-EXPRESS-GROUP-PL-9590116/charts/
Taken from recent trading update in October 22', in summary its a buy.
Balance Sheet, currency, and interest rates
We are well positioned to weather the current market volatility. We have Inflation protection from fuel hedges, covering 100% of 2023 volumes, and 50% of 2024 volumes. We have long-term supply agreements on the majority of our remaining non-staff costs, with inflation expected to be in the region of 4% over the next 12 months. Staff cost negotiations are ongoing and are progressing in line with our expectations.
Over 80% of debt is at fixed interest rates with no material exposure to increased interest rates until 2024. Because we manage the currency profile of our debt to match the currency in which EBITDA is generated, our covenant leverage is not impacted by currency volatility. We expect to be in line with covenant leverage guidance of 2.5x to 3.0x net debt to EBITDA at year end.
Hopefully this update and increased positive sentiment gets us up and over this downtrend. https://www.marketscreener.com/quote/stock/SAGA-PLC-16546285/charts/
Market is rerating everywhere off the lows. Two other stocks that hadn't moved much of late got their rerare today, boohoo amd asos. Travel sector OTB EZJ WIZZ, resturants I.e. MAB all had there bump.
All aboard the bouncy castle.
Was buying late on to close 500 and 250 lots.
Having accumulated holdings go-ahead and stagecoach only to be taken over this is a strong buy at these prices
If its good enough for private equity firms its good enough for me.
Reminds me of OTB at 100p recently, market forward pricing is at historic lows and you have to take advantages of the bargains on offer.
Inflation is rolling over (90% sure) should help sentiment next year.
Oil, those prices you refer to were the effect peak monetary and fiscal stimulus. Every sector and stock was overbought then, in this perfect economic situation of great growth in 21 and low inflation. Cant say that now can we.
Infact we have the opposite which WILL result in tighter financial conditions for companies and employees.
You bought the spike, average down and get over it.
You have failed to consider share dilution, a rise in debt levels and no dividends for some time given the size of the debt.
Investing post covid for me is about finding companies that didn't dilute with rights issues. IAG did so I take past years performance graphs as somewhat misleading.
To obtain the true picture of a fair future valuation I look at market cap history, the website below shows iag is 50% of its high in 2017. There are simply more shares in issue seeing as they did a rights issues/capital raise at what was it 90p.
Please ignore the graphs on lse.co.uk they do not consider dilution, Google finance is more accurate the top is circa 400p.
Market cap history below, see for yourself. Sadly the company is not in the same financial position as 2017 either, debt debt debt now oh and a whole host of global economic and political **** to contend with.
https://companiesmarketcap.com/international-consolidated-airlines/marketcap/
I got a few top ups in around 280p and the strength since has been outstanding. However we are in a bear market rally of sorts.
50 moving average at 344 and top of the downward channel coming up fast.
Anyone looking to exit 340p??
Not going out of my way to bash the stock it is cheap, will recover, i'm just playing to short term swings.
Disagree as this comapny will resume its growth going forward. Pre covid it was at 40 ebita, im sure this can and will be achieved again ( granted not this year).
The market is forward looking, we will get passed this downturn. This is a growth stock, low overheads, digital proposition, better margins than competitors. Not saying it won't fall but it will turn around.