National Express Group PLC (NEX.L)
LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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As of 03:18PM BST. Market open.
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https://www.nationalexpressgroup.com/newsmedia/corporate-news/2021/trading-update/
Ignacio Garat, Group Chief Executive, said:
“I am pleased to see the continued improving performance trajectory across our business in the first four months of 2021 despite the ongoing lockdown restrictions. It is very encouraging to see the positive impact on profit delivery of the management actions taken last year.
I remain grateful for the tireless work and commitment of our colleagues, and for the ongoing support we continue to receive from both customers and authorities, once again demonstrating the strength of the relationships we have built over the years. Progress has been made on a number of the ‘big deltas’ outlined at the full year results presentation including the mobilisation of new fleet in Casablanca and the launch of new standard operating procedures in North America School Bus, already delivering financial benefits as part of our ‘Driving Excellence’ programme.
Whilst we remain focused on managing what we can control, we remain confident that as restrictions across the world are lifted we will see a strong recovery in demand for our services.”
Honestly if we finish above 3£, going to be a strong sign stock might reach 4£ even before Holiday season. I was expecting ~2.95 after earnings report. Surprised so far stock is showing so much resistance.
NATIONAL EXPRESS GROUP PLC
("Company")
The Company announces a revised date for the publication of its Full Year Results for the year ended 31 December 2020.
The results will now be published on 18 March 2021, one week later than previously expected. Given practical constraints due to the lockdown, this short delay will allow sufficient time for Deloitte to complete their audit.
The Company will hold a webcast presentation and live Q&A session on the morning of 18 March, the webcast will be broadcast
only 100 million of profit is from the UK. 9 billion from German rail franchise. 30 billion US school contract. Also Spain is looking at changing its laws i regards train franchise... NEX is first in line
As we come out of covid, more people will use coaches as cars will be expensive to own when jobs have been so decimated and even flying abroad will be a ball ache with restrictions at the destinations etc. NEX will clean up.
I envisage 1000 by June and 1500 this time next year
Oh well I’m new to this game I live and learn!!
Only issue I see, - prolonged recovery due to unpredictable lockdowns.
Group EBITDA: £128.2m
Group Underlying Operating Profit/(Loss): £22.9m
Group Underlying Profit/(Loss) Before Tax: £0.1m
Underlying basic EPS: (2.1p)
Free cash flow: £40.6m
Net debt2: £1,004.4m
Will it ever get better..... is it worth purchasing more to minimise the losses 🥴
Source - https://www.lse.co.uk/news/NEX/national-express-trading-above-estimates-wins-lisbon-bus-contract-lj6awtbiulqigsb.html
date of transaction: 23 April 2021