Go-ahead Share Discussion Threads

[w1lbur01] 23/10/2021 17:07

Budget 2021: English city regions to get £6.9bn for public transport https://www.bbc.co.uk/news/business-59017503

[mustau] 30/9/2021 15:10

Should have bought back @7 yesterday!

[robertball] 30/9/2021 08:55

Who knows. It's a mess. Lookers was in a similar situation.

[bunnji1] 29/9/2021 21:52

LINTON5

Couldn’t agree more,
Have been here since the Aviance days,,it was a banker for many years with a good portfolio, great divi, moreso solid reliable leadership. A few hiccups admitted but now despite what some might argue, (lose the rail) is for now nothing but a busted flush with little credibility, or investor confidence, not to mention the new incumbent CEO who must be thinking what the 😉. Yes maybe it will come good, I for one hope it does, I retire in Seven years, will keep a token gesture here as it owes me not a shred and I have a long association, but now know full well it will never realise what could have been given that through hard work they virtually had the Gov and DFT eating. out of their hands. Epic failure doesn’t even come close. Sad indeed.

[bsalisbury] 29/9/2021 19:45

Not going to be resolved anytime soon then...I wonder how long it will take results to be published- weeks? Months?

[hawfinch] 29/9/2021 19:18

During the period 2009 – 2019 the average length of an SFO investigation was 4 years and 7 months....

[mustau] 29/9/2021 10:45

Discard the trains and focus on the bus side.
I pulled out first thing yesterday, fortunately majority of my buys were under 6.
Once the dust settles I’ll be buying back, the bus side is profitable, passengers are back and potentially well placed for further growth.

[g2theary] 29/9/2021 10:40

Ah that explains the drop even more just re read and missed that yesterday :/

[mustau] 29/9/2021 10:35

No results tomorrow.

[g2theary] 29/9/2021 10:32

Writing was on the wall 30 days ago? My target was 600... but nothing sure if news is worse than I thought it was going to o be ... will have a look through results tomorrow ... usually I punt on big drops but I'm concerned about can of worms here?

[linton5] 29/9/2021 10:14

Weekly support 585 😩gutted for this company to be honest

[archy147] 29/9/2021 08:42

Yes I meant GTR

While it is a truth that markets generally over-react, it’s also a fact there’s nothing they like less than risk and uncertainty.

Unfortunately GOG has that in bundles after the announcement yesterday, which is why I can see little but downward pressure on this for a while.

[hawfinch] 28/9/2021 23:54

@Archy,

What GTR? in which they own 65% & share the due diligence with Keolls? Yh good luck getting some money out of that.

In regards to the SFO, that's mandatory for a company to do...

I'm just saying that many are blowing this wayyy out of proportion.

[bunnji1] 28/9/2021 23:18

Hawfinch

Honestly. LOL

“Not much of a suprise” Really ??

A quick glance at your previous posts confirms you were all over it. Keep banging the drum tho, especially the “people don’t understand” line. 🤪🤪

[hawfinch] 28/9/2021 21:08

ValueViper it wasnt much of a surprise...

Aug 27 GOG -

"revised date reflects ongoing discussions with the Department for Transport regarding the historic calculation of the Southeastern profit share over a number of years, as disclosed as a contingent liability in the Group's accounts for the year ended 27 June 2020"...

Sep 2020 -

"On 31 March 2020, the Secretary of State for Transport notified one of the Group's subsidiary companies, London and Southeastern Railway Limited (LSER) that it was required to recalculate the Profit Share payable over the period from 12 October 2014 to 29 June 2019 pursuant to the Franchise Agreement dated 10 September 2014.

LSER has subsequently provided the Secretary of State for Transport with an explanation for the historical calculation of profit share and has recognised a best estimate of the assessed outcome within these financial statements. Any additional amounts payable are disputed due to LSER's statement of position being supported by express terms or agreement, correspondence between LSER and the Secretary of State for Transport, treatment in practice and the development and terms of the Franchise Agreement.

Should the Secretary of State for Transport's notification prove successful then the outflow of resources could be in the region of £8.0m."

Every investor shouldve foreseen some sort of event... market is always forward looking... hence why im so surprised by the overselling. I can see this retrace in the next few weeks easily. Especially since SGC is nearing 500m MC.

25m claim back... & not 8m... not the end of the world. Honestly, people dont understand that the quicker this company disposes of the rails the better.

[value viper] 28/9/2021 19:44

This is the type of news no one could have foreseen - and sadly a reminder of risks we all take buying shares. Questions now re balance sheet strength with £25 million gone out the door - how did they find that so quickly ? Now results delayed again - question is : how bad is it that they retained this money ? Was it an oversight ? - can't really be - bet the new CEO may be having second thoughts - very disappointing

[value viper] 28/9/2021 19:41

This was starting to uptrend very nicely again into what was going to be results - hopefully to reassure etc.Now I wonder if I understand more why the results were delayed already.The speed of the FD being removed is telling - the CEO should also be implicated really but as he's shortly to depart, they prob thought leave him as then the 2 most senior bods would have gone - new ceo start date soon I recall

[the white house] 28/9/2021 18:20

Geordie company abusing the south East, employed those fraudsters from Northern Rock no doubt. No sackings or resignations, why not? shameful

[robertball] 28/9/2021 18:00

Go ahead no more. Unfortunately

[value viper] 28/9/2021 15:05

Results that were due Thursday postponed to another day due to the mess - it's in the RNSThe FD has already been removed from the plc website - not surprised

[hawfinch] 28/9/2021 14:59

down 25%. Talk about being oversold. Strip out the train services & this company still makes more revenue & profit than SGC. Government relations tarnished? Not exactly. DfT relations tarnished - I hope so. GOG should relinquish all train operating contracts ASAP (next day or two). Add to the bleeding. Although I assume share price is factoring that in.

[g2theary] 28/9/2021 13:55

Sorry #1384

[g2theary] 28/9/2021 13:54

Yeah they are due on the 30th if I recall... I trade these so not fully savvy on these but my target was 600p based on last news ... I bought these last time and 600p and did well so there you go ... my post was #1385