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National Express Share Discussion Threads
Showing 826 to 850 of 850 messages
|Read Beaufort Securities's note on NATIONAL EXPRESS GROUP PLC (NEX) out this morning, by visiting hxxps://www.research-tree.com/company/GB0006215205
"National Express traded well for the first four months in 2016, with improvement in revenue and passenger numbers across business regions. The company's established businesses continue to grow, and its new markets including Germany and Bahrain are already carrying millions of passengers. The company seems to have struck the right mix of innovation, partnership and customer service as evident from the full-year profit and cash flow expectations. The company upholds..."|
|Over the past four years ;
Shareholder Value has fallen £(M) 965, 902, 897, 836
Earnings per Share has fallen 19.90, 11.80, 11.10, 11.60p, but
Dividend keeps rising 9.50, 9.75, 10.00, 10.30p
The Yield is not great, so is this company going to come good or implode?|
|OK, got it now. In the group income statement we can see
op pft 193m
finance costs 54.5m
Exceptionals 78.9m thus IFRS Pbt 66.5m
However, I was looking at segmental section where
op pft 193m
Giving Pbt 114.2m
Then they subtract net finance costs of 48.0m giving IFRS Pbt 66.5m
In the 1st column (normalised) they do not give any finance costs or Pbt, so I assumed the 114.2 was the normalised.
Its a lot clearer now, the difference is just due exceptonals (50.3m) and intangibles amortisation (28m).
Does seem rather a lot of exceptionals and 25m last year too. If they are truly exceptional and not hiding recurring items, then its no a bad rating based on normalised EPS.|
|Its awfully hard to read as the columns don't line up. I'll try to get a font that works.|
|A quick look (so I could be wrong) and net finance costs of £48m seem to be included in the normalised profit from the results. They also say to reconcile Normalised and Basic earnings:-
"Unless otherwise stated, all operating profit, operating margin and EPS data refer to normalised results, which can be found on the face of the Group Income Statement in the first column. The definition of normalised profit is as follows: IFRS result found in the third column, excluding intangible asset amortisation, loss on disposal of businesses, exceptional items and tax relief thereon. The Board believes that the normalised result gives a better indication of the underlying performance of the Group."|
|Can anybody hel me here. I'm looking at the difference between IFRS eps (11p) and normalised (21p).
It seems that net finance costs are excluded in normalised eps. How can that represent a better picture of underlying performance ?
Surely on-going finance costs represent a true on-going cost of the business, so which figure gives a better picture of the P/E ratio ?|
|Nice positive update.
Re fuel savings.Not sure the recent drop in price will have much impact for the next year or 2.
They said this at their last results,
Fuel cost represents approximately 10% of revenue. The Board's policy is to hedge fully a minimum of 15 months of addressable consumption against movements in price in all businesses, together with at least 50% of the next 9 months consumption in contract businesses. The Group is fully hedged for 2014 and 2015 at an average price of 49p and 47p respectively and 92% hedged for 2016 at an average price of 44p.|
|Bought into these as plunging oil/diesel prices should have a very positive effect on bottom line profits. Also in EZY which has already confirmed a decent boost in expected profits because of fuel savings. Very decent safe yield and likely beat in expected profits makes this a good prospect imho but DYOR|
|IC Buy Rec this morning FWIW, but as not posters here for over a year, probably no interest|
|Considering both revenue and eps have been noticeably shrinking each year since 2008, and further falls predicted for this year, with the share price now at a 16 month high I'm happy to sell in the 240s today. A 29% return + final div over 9 months is good enough for me.|
|Reasons to take profits?
- Recent outperformance
- MACD turning down
- RSI 85
- Broker targets nearly reached
Limit sell 260p.|
|Post-IMS broker recs:
|It's good that they sold out completely now. I reckon one of the reasons why the share price has been subdued is because the market was aware of this large shareholder wanting out. Now that their shares have changed hands successfully it should bode well for the share price. NEX has been left behind through the general upturn in equity values over the last 6 months; at this level they are cheap and the value should in my opinion improve significatly from here.|
|Elliott gone to zero from 22% last October
Wonder where they have gone|
|The future is not 'car man' driving his heavily depreciating asset fuelled by manipulated petrol/diesel prices.
I believe the growth is more coach than train albeit I accept this is not a commuter solution.
My wife visits her son in Birmingham from Stevenage (North Herts) on the NEX coach for just over £20 return!! The train is nearly 4x that!
The NEX coaches are very impressive & I think a bit of a push now would see a lot of bookings, especially when Summer arrives.
I like to invest in companies I rate & NEX is one of them.
|Just bought in. Looking upwards based on company statements and recent tips. Lets hope these tipsters are correct.|
|going to keep topping up for the rest of the year|
|tipped by Andrew brough he is one of the best and spot on|
|these have just been tipped on cnbc by fund manager and said he is going to buy recovery is now going on and good for the future
just added 5000|
|Posts dont drive the business its the management.
I am also very happy to stay the course. Good business here and very undervalued.|
|IMS yesterday quite reasonable and showing some exciting growth opportunities. Happy to hold.|
|Have to say this board is consistent. Whether the shares go up or down nobody posts.|
|Can I ask your advice. In September 2008 this share was £5.59. Are there rights issues etc that need to be taken into account.
Know such highs are not feasable in the short/medium term but interested whether even possible.
Not really bothered about investment advice as I tend to make my own mind up but your knowledge would be appreciated.|
|Time for a short methinks|
When the IDIOTS come and post ITS TIME TO BUY MORE MORE AND MORE|