magoo100
29 Jun 2017
Re: Top Directors buying shares To early to buy as brokers downgrades will follow in my opinion
Bill1703
29 Jun 2017
Top Directors buying shares Both the CEO (or at least, his wife) and the CFO buying shares over the past day or so. Nothing too major, but some kind of vote on confidence, I would say.And I concur... a 6.3% divi yield, still very well covered by both EPS and FCF; actual P/E below 8x, and probably not much more than 8x on current year prospective; 5x EV/EBITDA. Too cheap, IMHO... and probably by a significant margin, at least for the medium term. It is still a very cash generative business, and any immediate balance sheet concerns look overdone. BUT... in a nervous market somewhat eager to pounce on any sign of weakness (whether cyclical or structural), I can't see much of a catalyst for a rerating back to reasonable, ' fair value' levels until we see evidence that the current revenue/margin/earnings down-cycle is bottoming out.
Blanketstacker
28 Jun 2017
Re: Struggling in all areas The fate of the franchise will impact the share price more than the bottom line. They could walk away at any time, but then watch the price crash.
magoo100
28 Jun 2017
Re: Struggling in all areas What worries me is the loss making rail franchise,are they in talks to try and hand over the keys?
Blanketstacker
28 Jun 2017
Re: Struggling in all areas The two problems here may be a need to strengthen the balance sheet, and a requirement to service the pension deficeit. I agree with all you have said, but am a little more cautious. FGP may have set a precedent in 2013. Of all the transport behemoths perhaps GOG is the best placed, but it is not cheap enough at the moment, They have results out next month. (It is worth noting that in all these cases rail is actually only a minority interest, and the real profits come from buses).
Hardboy
28 Jun 2017
Re: Struggling in all areas Magoo: "I can see trouble ahead with transport companies"Me too if we get a Corbynistic Government, but otherwise I think the long term view will see the UK (& other developed economies) investing in public transport, and actively encouraging people to use public transport, to reduce road congestion and emissions.The results weren't great, but were in line with expectations. The business is still profitable, pays a progressive, well covered dividend; and should have a good long term future. The dividend should minimise the downside to the share price - at current prices, it offers a yield of over 6.3%; and this is more than twice covered by earnings. The PE is now 7.7. That's getting to the stage of being ridiculously low. There were a couple of things which encouraged me: "Improving revenue trends and contract opportunities in North America""We see positive long-term prospects for public transport."I think the company is going through a difficult time, and markets are out of love with it; but at these prices it looks great long term value.
magoo100
28 Jun 2017
Struggling in all areas Seems to be struggling with uk economic outlook,I can see trouble ahead with transport companies
Hardboy
28 Apr 2017
Re: Drop this morning There was also a broker downgrade. HSBC changed from Hold to Reduce with a target of 200
Jaddaj
28 Apr 2017
Trading volume Much higher than usual share turnover today - methinks something is happening that we'll only know about after it's happened and those that DO know are having a glass of bubbly
DrRadcliffe
28 Apr 2017
Re: Drop this morning Yes, I spotted that too. The Evening Standard ran a very negative article about the SNCF HS2 bid a couple of days ago so I wonder if sentiment is turning against them. As a precaution I sold this morning, I'm worried this could fall further. Shame because they are a good dividend payer.
Norman Barrington
28 Apr 2017
Drop this morning Any idea why the sp dropped significantly this am? I don't see any news item.
Bill1703
01 Apr 2017
My 2017 Top 10 Stock Tips - Q1 Update Having reached the end of Q1 2017, it is time to "own up" on YTD performance for the 2017 Top Ten...And it is pleasing (and somewhat surprising) to report that, after a late spurt in the very final throes of the quarter, it is up 3.1% overall... outperforming the FTSE100 by 0.5%, and pretty much bang in line with (very marginally better than) the All-Share Index, having lagged the market indices for very nearly the whole period.Star performer was, of course, the magnificent Card Factory (+13%), crowned by yesterday's delayed - but entirely deserved - post-results rally. In second place, the imperious Imperial Brands delivered a short 10%, followed by each of Sainsbury, ITV and Capita in the top half with returns of 6-7%. Whitbread and Vodafone also did well enough, with a solid, if not spectacular, 4-5% each. Only three "losers"... Stagecoach lost 3%, and then bringing up the rear the smaller caps Braemar (-8%) and Bonmarche (-10%) - the latter two being the more consciously speculative selections, whose "value" stories remain intact IMHO, but as yet underappreciated by Mr Market... but I remain hopeful for Q2 and/or the rest of the year!For full disclosure, I continue to (mostly) happily own nine of the 10 stocks, with only Capita still to make it off the "watch and wait" bench.
Hardboy
20 Mar 2017
Re: Buying a ticket to ride Good post PB - I agree that the steady progress of the last few years is not reflected in the share price. However, just to be overly pedantic, the share price has been slightly lower than this a few times within the last year.
paddington_bear
20 Mar 2017
Buying a ticket to ride As the share price reaches lows not seen since 2009 and a p/e of 7.3, the recent financial record has been beaten down further by "Twin", the dire New York sightseeing venture. This was finally sold February 2017.Meanwhile, the last five years have shown gradual improvements in adjusted eps, net assets and dividends, whilst keeping a lid on debt and its interest rates. A lot of innovation is being shown with carriage comfort, revised routes and onboard technical facilities. Time therefore to add this to the SIPP and await developments to see whether I have lassoed a prize heffer or an angry rattlesnake. DYORPB.
jc1973
08 Feb 2017
Re: Up Tick stg just went ex div today hence folk buying to get the 3.8 p dividend
