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I did not take up any options for this rights issue and left it alone. I brought a few months ago at 206p. Its now at 93p. Its down 55%.
For my interest was I supposed to take up an option rather than not doing nothing as I am at a big loss now. I was at a little loss before the rights issue but now its a huge loss.
Any help to make sense and figure what has happened with my shares would be much appreciated.
@comeonvog
"This pandemic has changed people perception on what is important . Working from home will be the new norm."
....Why are you mentioning stuff about working from home and NEX. Travellers on NEX services are not this type of Passengers and never have been so use that line for another stock to comment on.
"I would also put travelling by bus to an airport is something i would much prefer not to have to endure ever again. People are liking the social distancing , public travel has always been a dirty experience having to share space with people of low hygiene levels . IMO"
....This personal opinion from your mind is a load of crap and quite rude to the many that travel by coach.
Coaches are full for the limited capacity they are taking, NEX are still making a profit from services even at reduced levels. You seeing even an empty coach with no Passengers dont matter and isn't a shock. Before covid coaches were empty some times on frequent services, they still made millions so that's an irrelevant point. Services run with or without Passengers, they make money collectively as a whole operation.
The stats out might make you question but for like more than three months it was a complete shutdown so stats reflect that. Business is picking up and families with kids, groups and singles are travelling on coaches as its value for money by far. People are carrying on with life atm and going about their business with whats out there and making use of stuff that makes sense to them.
comeonvog...You really are talking garbage here. You shouldn't make stuff up, people come on here for information so if you don't know dont make stuff up.
Plus also bear in mind for like 4 months it was a total shutdown. And it just opened recently. It will take a bit of momentum to get up and running. But the Europeans seem confident with huge numbers and growing now travelling to airport and back.
@Thebhoys
Business has picked up a lot. No where near before covid but for what services are running they are quite busy.
Coach capacity are reduced but they are full and tickets sold out.
Three weeks ago it was a bit dead but this last week its very busy with no seats available on slot of the times on Stansted services. They have had to add extra duplicate services at short notice to keep up with the demand.
Obviously this is nothing like how it was before. But for what is running they are doing well.
I didn't realise the USA operations had a big impact on a well known British company that has operations running all over the UK but if business is doing bad in US it doesn't matter about UK operations.
I really didnt think the sudden share price drop in recent times has anything to do with NEX operations for it to change that dramatically.
As explained below where I have marked sentence "***" to highlight the relevant bit of information.
".K.-based bus and train operator First Group (OTCPK:FGROF) (OTCPK:FGROY) surprised the markets by announcing its final results on Wednesday raising a question mark over its future ability to continue as a going concern. ***That has led to a rerating for other stocks in the sector***, which I regard as a good entry point for Stagecoach (OTCPK:SAGKF) (OTC:SAGKY)
https://seekingalpha.com/article/4357693-stagecoach-is-not-first-group-attractive-entry-point
@jazz_01 **I expect consolidation in the sector with the weaker firms going bust, the stronger ones like NEX who have monopoly/market dominance will come out stronger post covid and this will be back to 400p (even when considering the dilution) in my opinion.**
...Agree, NEX have got ties with government and TFL so they are covered and looked after.
**Though there was so much money made from 60s to 270s, a lot of profit taking made....**
I think the selling recently is due to the sudden share price increase from the extreme lows to the exaggerated highs. Short traders had enough now and cashed out. That's impacting the current share price currently.
The actions of these traders isn't a knock on effect based on NEX activity on the ground as not much has gone on apart from the CEO depart, which I doubt resulated to the extreme sellling that much. More due to short selling.
If anything positive news...news just in from above...As of Monday majority of drivers at stansted are being taken off furlough to accommodate the demand of air passengers due soon.
Theres positive news coming soon regarding NEX. From an operation operating over capacity for many years that had more demand than supply at certain services to completely shutting down... its not easy to cope with for anyone seeing company closed. Cant talk about how non UK is having an impact. But UK NEX they now starting from scratch and will jump up cos of the potential on offer if anything like precovid. Services have started and they been running smoothly...these services are more to test the waters.The 'A' services(Airport runs)...Luton services starting before next week finishes i think. Stansted services waiting for the go ahead before going live which should be running by end of this month(stansted services is the money maker by a country mlle).The current Cross country services adding new routes and more drivers being taken off furlough to accommodate the new demand rising slowly. Am a driver for NEX so been getting updates on routes and new extensive safety measures.Flights should be running soon so a lot more coaches on road before end of month if covid don't interrupt but when Luton services open and then Stansted...that will be a massive boost to the company finances.