National Express Dividends - NEX

National Express Dividends - NEX

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
National Express Group Plc NEX London Ordinary Share GB0006215205 ORD 5P
  Price Change Price Change % Stock Price Last Trade
0.40 0.15% 264.20 16:35:15
Open Price Low Price High Price Close Price Previous Close
264.20 260.60 269.60 264.20 263.80
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Industry Sector

National Express NEX Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

undervaluedassets: I have ROL and GOG and MNZS and NEX. All well run and set to benefit from travel normalization
purchaseatthetop: Details on the RNS": The Ba1 rating assigned to the Hybrid Notes is two notches below National Express' senior unsecured rating of Baa2, reflecting the features of the Hybrid Notes, which are perpetual, deeply subordinated, and National Express can opt to defer coupons on a cumulative basis.....therefore NEX can accumulate interest without default...sort of payment in kind bonds. National Express' senior unsecured rating of Baa2 remains weakly positioned and reflects Moody's expectations of pressure on the company's revenues, EBITDA and operating profit as a result of reduced travel in the wake of coronavirus, as well as the related overall slowdown in the economic activity....therefore NEX faces challenges...but: National Express' credit profile is supported by (i) over 60% of contracted and concession revenues not dependent on passenger demand; (ii) a range of material support from various national and local governments for a critical service National Express provides; (iii) its diversified geographic presence, with significant revenue and operating profit contributions from the USA, the UK and Spain; (iv) ample liquidity; and (v) its conservative financial challenges are dealt with. The proposed hybrid issuance will help National Express address its upcoming maturities in 2021 including GBP300 million under CCFF, GBP71 million private placement, and GBP81 million bank loan. In addition, almost GBP290 million of undrawn revolving credit facilities will expire in covers liquidity issues right now....but National Express benefits from ample liquidity including GBP576 million of cash at 30 June 2020, GBP782 million of undrawn available revolving credit facilities and GBP300 million further availability under the Coronavirus Corporate Financing Facility (CCFF) provided by the Bank of plenty of cash in any case. Moody's could revise the rating outlook to stable once there is greater clarity with respect to a recovery in passenger travel demand. Although not currently anticipated, a rating upgrade could occur if the retained cash flow/net debt ratio was above the mid-twenties in percentage terms and FFO interest cover was over 7.0x, both on a sustained nothing new. Anyway...hope that helps.
purchaseatthetop: I LOVED that post by get the timing just so right in bailing out and then telling everybody exactly why.....precisely at the moment when the wind shifted 180 degrees. Priceless.... NEX is a strong world class company and has miles to go. I started buying at 125p and have added all the way up (and down on dips) six or seven times. Now is 50% of my portfolio and will remain so. Still trying to work out exactly what the new RNS means. Hybrid non-diluting refinancing....hmmmnnnn.... Happy with the small dip today as the previous huge jumps mean that we can expect dips. Probably a few more over the next few days as it draws breath. Then another burst up to 300p. GLA and obviously this is all my view only and make your own minds up.
undervaluedassets: Has anyone looked at Rotala (ROL)? Like NEX but in miniature. Put out a very decent statement yesterday. conservative and sensible management. Yes I hold and yes I am ramping (a little). I think it looks promising. DYOR Anyhow please excuse the off-topic.
porsche1945: Operating at 9 pc capacity. Schools everywhere looking to close again, a lot of students will be shifting to online permanently, more work from home, is a vaccine really going to be widely available soon enough to save Nex? Did the right thing unloading looking at the dismal figures, I think this company could actually fail in time, the business model has been upended. With so many more shares in issue how can this ever really get above 2.70 again? Dump these and buy boohoo!
trader536: 2603 - This one not my cup of tea due to uncertainty after reduced passenger number following the virus, but that's not to say the price aint going to rise, good luck with it, here's NEX in three timframes daily, weekly and monthly.... Daily.... Weekly.... Monthly....
investor73: Latest lockdown should have very minimal effect on NEX,because around 80% of their sales are outside the UK. 42% of their sales are in the USA,rest in Europe, Morocco and Dubai.
ianb5004: Not a fan of motley fool however i pretty much agree with the sentiment of the article. Nex will be a very good recovery play over the next 12 months. It really is cheap right now and i dont see it lasting much longer.
buywell3: === NEX -- There are 3 main issues all of which are affected by Covid-19 ==== buywell trusts that by now nobody still thinks this is a hoax or Covid-19 is like a cold or a dose of the Flu as we were made to believe in the early days . IF as an investor you believe that Covid-19 is going to be worse in 2021 then this share even at a quid could IMO go lower. Here is why explained in simple terms Issue 1. People are now working from home due to Covid-19 and it seems in many cases to be working quite well --- so well that due to cost savings and efficiencies such working from home looks set to continue whilst Covid-19 stays with us. Technology like ZOOM has made it easier for working from home to become the new norm after Covid-19 passes --- if indeed it ever does. As you can catch it twice now ( different mutations certainly ; IMO it is with us now forever as 4 other Coronaviruses already are and many of us catch them yearly. Issue 2. Following the logic of issue 1. means less NEX revenue as people working from home will not travel to work anymore . Folks are already relocating to properties outside of Cities and larger Towns whilst they can still sell flats in Tower Blocks or other similar overpriced brick-piles. The other spin offs from home working are also being seen ie on-line sales are going way higher as are home delivery of such sales including bigger purchases from supermarkets . So shopping also is being affected and travel for going shopping likewise --- this saves time ( home working gets done faster ) and money ( cost of transport to/from shops) Schooling also IMO is going to change in a Covid-19 world as some mums and dads working from home and having extra free time due to not shopping away from home will decide NOT to risk their child acquiring the virus at school and either a) bring it home to them as a asymptomatic case to infect them or b) catch MIS-C which is a mutated disease from a nasty strain of SARS-CoV-2 that is now hitting and in some cases killing children in many countries including the USA and UK and many more hTtps:// hTtps:// Children are increasingly catching MIS-C in America hTtps:// htTps:// Hence IMO an increase in home schooling and again less travel Issue 3 If as buywell thinks is now entirely possible the NEX revenue stream suffers from a variety of age groups not traveling to/from work or to/from the shops or to/from the school then with existing debts and costs the cash recently raised will not last. Such debts and costs are very large --- too large IMO now in a Covid changed/changing world . We have seen all transport and travel sector related stocks get smashed . Things IMO are NOT going to return to normal next year as many here state because till a cure that works is found Covid-19 , MIS-C and other new mutations are going to keep case numbers rising . The NEX Chart could have been issue 4 free stock charts from
ianb5004: Folk obsess with the UK buses and trains, the uk is only around 20% of nex revenue. This company is very diverse and has numerous revenue streams all over the globe. I wouldnt have minded a drop to £1 either and thats despite buying @148p - i would throw the kitchen sink in at a quid. I think Friday may have seen the lows at 128p - Good rise of 6.5% at close and that set the techs up bullish engulfing candle - Looking for The placing Price as a starter by autumn - 230p that the big players, up Morgan etc bought at. I expect a vaccine in the new year and life to be able to fully return to normal, and nex heading back to £4+ So a good recovery play if you can load up down here and hold for 6 months. Should see 200% return, 300% longer term.
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