Journeo Share Discussion Threads

[vfast] 11/3/2024 12:14

SP still cheap and a lot more to come!

[nchanning] 11/3/2024 12:01

Sounds like the whole c.9000 TFL fleet will eventually have these systems fitted , most likely by Journeo .

[janeann] 11/3/2024 07:31

wow £6300 per bus!!!!

[qs99] 11/3/2024 07:22

agreed, nice RNS...all helps

[studentinvestor13] 11/3/2024 07:19

nice new £1.9m of purchase orders with long term maintenance contracts



More to come by the sounds of it

not upgrading numbers with this one but upgrading confidence which means this should get a higher multiple. This should be well over 300p

[eeza] 10/3/2024 18:27

DSM is winding down. It is returning 25% @ NAV end of March, and 25% at above NAV end of June. I think they already have the funds to meet the 1st redemption, and will be securing funds for the end of June redemption now.

Judith MacKenzie is head of Downing funds and is a fan of JNEO, but has to carry out the winding up of DSM (Downing Strategic Micro Fund).

DSM had a NAV of £30.44m at 1 March, so JNEO holding worth ~£831K, I think.

[johndoe23] 10/3/2024 18:27

Closing fund down, similar situation at VLX.

[adamb1978] 10/3/2024 18:19

Thats a good find Eeza. Any reason whats going on at DSM? Fund liquidation? Seems like a very rapid change of opinion for a fund manager, particularly in a company which is performing well. Managers views of price vs value will evolve but it would be a weirdly quick change of heart, especially when they would know that a rapid sell down like that would hit the price

[eeza] 10/3/2024 11:14

I believe the weakness is DSM selling down their holding.

They issue a factsheet once a month.
1 Jan shows JNEO at 8.04% (of DSM fund)
1 Feb shows JNEO at 3.01%
1 Mar shows JNEO at 2.73%

There were quite a few large trades late reported for JNEO last week.

[eeza] 10/3/2024 10:52

The short-term chart shows lower highs & lower lows since the high of 297p on Jan 30.

Needs to close above 262p to break the trend.

[adamb1978] 10/3/2024 10:29

Not a chartist but its quite easy to see a trading range starting in late December 2022 and that JNEO has bounced off the top of that a few times and is probably now at the bottom end of that channel. I'm beyond my % of portfolio limit so not in a position to add more unfortunately

[eeza] 08/3/2024 16:57

Late reported trade from 1519hrs - 3947 @ 253p (3p over offer).

[janeann] 06/3/2024 10:27

No was 234!!!

[eeza] 06/3/2024 10:25

237p buy now

[johndoe23] 06/3/2024 10:09

Maybe 230p order ha

[janeann] 06/3/2024 10:07

Hope you’re right…. My limit order just got filled!

[pireric] 06/3/2024 09:57

Gut feeling is this is a very good buying level now. Not that I have the liquidity to do so myself!

Eric

[johnrxx99] 06/3/2024 01:27

We're all doomed ! :-)

[eeza] 05/3/2024 16:47

No gap at 230p - but there is a gap from 28 Nov 2023 from 216 to 223.

[johndoe23] 05/3/2024 12:57

Gap fill to 230p?

[qs99] 04/3/2024 15:59

Am buying on the dip, new position for me, but DSM selling stakes often provides a really good buying opportunity. Interesting thread as well thanks. Worth looking at DSM stakes and working out what you think has "legs". I have also bought NBB, if it hits its targets it will be on an EV/EBITDA ratio of about 2 during this year IMO.....

GLA and DYOR
Cheers
QS99

[hydrus] 04/3/2024 15:41

Yeah I don't see how a signalling focussed operation are a competitor tbh. It's a different market.

[serratia] 04/3/2024 14:51

Would Siemens be a customer rather than a competitor ?

[jm65] 04/3/2024 14:44

...ah, a major competitor gearing up in the same market is what I read :-(

[hydrus] 04/3/2024 14:10

Why JM? I can't see anything in that article that is negative for JNEO or even that relevant, perhaps other than a clear statement from government that there will be further investment in modernising railways - but we knew that anyway.