Re: NEW ARTICLE: Stagecoach rockets on E... Net asset value only 13.80pMarket to book ratio 25.50Large amounts of debt - debt to equity 12.12Seems overvalued.
Re: NEW ARTICLE: Stagecoach rockets on E... And a further 11% drop on top of all the little falls since December. Now lower than its been for some time. Anybody any idea why (beyond what Reddyrek has already said)?
Re: NEW ARTICLE: Stagecoach rockets on E... ".....and then a 10% drop!"Yeah ....... got to admit ......... never saw that coming!I suppose it was riding a bit high. In any case, I was happy at this price a few weeks ago and although happier when it was over four quid ........ I'm ok here too.I'm a little dismayed that the prospects in the US, and also over here, are deemed dismal enough to have such a marked effect on the price in one day. If the board's opinion of targets still being met turn out to be true ..... then that will be a good thing.But, the reading of the interim does pose some questions.Folk travel by public transport when it makes sense to do so; either practically or financially.If fuel prices stay down or fall further then car travel may seem more competitive, particularly if the travelling party consists of more than one and, for example, if parking near the destination is perhaps not so much of an issue.The East Coast line is maybe an exception to this inasmuch as lots of people use it as almost a necessity.Shame about the tourist stuff in the States......GLAR
NEW ARTICLE: Analysts unfazed by Stagecoach warning "Profit warnings from its UK bus and North America businesses pushed LSE:SGC:Stagecoach's shares south on Wednesday, wiping out the gains made after it won the new eight-year InterCity East Coast rail franchise a fortnight ago. Its profit mix has ..."[link]
Re: NEW ARTICLE: Stagecoach rockets on E... .....and then a 10% drop!
Re: NEW ARTICLE: Stagecoach rockets on E... "One of my rarer good shares these days....."+ 1 on that. This and a handful of others are what's keeping my portfolio just in the black.Nice to see the share pushing thru' 4 quid by a reasonable margin. The market seems to be of the opinion that getting the East Coast Rail Line franchise is a money-maker for SGC and Virgin.Hopefully that will prove to be the case.With a bit of luck the divi will keep pace, percentage-wise, with the new share price....... or will they be buying new rolling-stock first?GLAR
Re: NEW ARTICLE: Stagecoach rockets on East ... should see this push through £4. One of my rarer good shares these days.....
NEW ARTICLE: Stagecoach rockets on East Coast boost "LSE:SGC:Stagecoach and Virgin's joint venture InterCity Railways has been awarded the new eight-year InterCity East Coast rail franchise by the Department for Transport. This win could be worth as much as 30p to Stagecoach's share price. But with ..."[link]