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Travel insurance is the answer. What happens when you get ill abroad, you goto hospital or get a flight home earlier on insurance...
The travel industry does not stop because some got ill i get it is a virus but still everything just does not stop, it can't continue to be this way!
this is a value play for me, divi's don't interest me other travel stocks are near back to 2019 prices. EZJ and IAG are at august 2019 prices!
Saga on the other had valued at 300m, when travel not if comes back it's 100m profits there is so much pent up demand out there! i know i'm one of them only 35 no saga for me but it's nurburgring, spa track day, new york for wifey, week on a greek island etc. I live for traveling though...
100m from ships & then we have insurance profits of circa 100m so 200m total. current market 300m so 1.5 forward pe.
Saga will survive and will not be valued at 300m in six months time!
to add to that we are lagging go-ahead, FGP and NEX today substantially.
Resistance has to break soon.
SB opened in the hope we get through 50 resistance, target june highs in the short term.
Beaten down sector, competitors getting re-rated, costains time soon!
Investment wise it looks like a safe play traiding aside, previously trading at circa cash on hand price... Confident with SB for this reason can't see a fall back to those times.
Thanks Bat!
I did try to load it think work computer stopped it, large external doc...
Didn't take up the rights so 46% ouch but average was 14p anyway, bought some at 150p as soon as news broke and again at 181p today!
News flow, further vaccines, massive increase in testing, covid numbers then lower and important cruising to resume!
How much dilution was there in regards to the recent placing, open offer etc?
Current shares in issue = 139,594,769
Multiply by 15 to get pre consolidation amount = 139,594,769 X 15 = 2,093,921,535.00
New shares added 971,918,208.00
Pre placing number of shares 1,122,003,327.00 (2,093,921,535.00 - 971,918,208.00)
Dilution percentage equals??
- Divs - they used to and will do again, as it's stable business excluding covid just like insurance, banking. Not great for growth normally but constant cashflow so divs are good.
- Debt - no this isn't being written off what has been and continues to happen is that the government are saying to transport companies you have to run services, but with footfall down they are giving them grants to cover the loss in revenue. So no debt aren't being wiped, if the gov wasn't providing these grants then debt would be increasing due to a reduction in cashflow. Summary, it's fair to say debt is neutral through covid which wouldn't be anything special had the share price NOT gone from 150p to 34p....
Recent post i made on IAG board as alot of ramping given market cap.
Thoughts on this? I'd be in EZJ as IAG is mostly long haul. Why don't they buy saga and double there money by spring and more if cruising goes well.
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Market Cap is the same it was back in August 2019, those preaching big gains should not be listened to unless it's long term 2/3 years away.
See the graph on the below link, market cap is very lofty!
https://ycharts.com/companies/ICAGY/market_cap
Market Cap is the same it was back in August 2019, those preaching big gains should not be listened to unless it's long term 2/3 years away.
See the graph on the below link, market cap is very lofty!
https://ycharts.com/companies/ICAGY/market_cap
Apologies for typos was texting/raging in bed...
Yes in essence, there is an argument that NEX could be overvalued. I don't think so though we are undervalued given gov support. It's an overlooked sector.
Buses are a long term play too.
https://www.sustainable-bus.com/electric-bus/stagecoach-received-the-first-byd-adl-electric-buses-for-guildford/
https://news.aberdeencity.gov.uk/aberdeens-pioneering-hydrogen-bus-project-arrives-at-major-milestone/
Nexational express
Added 20% extra shares by way of rights issue to reduce debt.
Have a market cap of 1.4b
Earning of circa 200m
Debt substantially more only looked at last full years ending 2019 and said 1b in current and 1b in non current, cash was circa 500m hence the cash raise.
Stagecoach
No dilution due to covid
Market cap of 330m
Earnings past few years of circa 100m
Debts as of may 2020 circa 1b with 90% of that being non current i.e. nit due this year.
Cash position circa 350m
So debt difference aside, earnings half of nex, however market cap that is a 1/4 of nex! It's another for the buy case.
£330m market cap on historically 100m earnings...
Target by year end 90p! Fair value given vaccine and gov grant's helping save the company from excessive debts/dilution.
Good to see you back Banbury.
Appreciate you sharing your extensive research into the account here, put my mind to rest.
Managed to double up at 150p on break of news. Will do again if we hit 175/180.
Thoughts on target price next spring? With Vaccines being rolled out and extensive testing with ships sailing?
Comments from recent trading update.
"Our expectation is that profitability in 2020/21 will be broadly consistent with the prior year financial performance."
Market is over looking this when compared to other stocks that have bounced back to 2019 prices where this statement isnt the case.
It's getting buyers attention look on the YTD for shares and this is amongst the worst. Strange one when bus contrats arn't going anywhere as city's close off to cars. Also government money has been covering them so no drastic increase in debt or dilution has occured it's a buy upto 90p for me.
Boo still in its upward channel and sales will continue to grow covid brought forward the rise of online sales, here to stay to a very large extent.
Ahh I use x-o aswell, not had any issues all week, which is what you want.
Saga looking great, sold off pfc and tool £100 hit after being down big time as this sale brings back 25% of pf to cash. Nothing has my fancy, everything looks abit strong. On that subject, ezj, barc, mab all touching at some point prices from 2019!!! Crazy