Share Name Share Symbol Market Type Share ISIN Share Description
National Express Group Plc LSE:NEX London Ordinary Share GB0006215205 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  13.20 5.96% 234.60 2,763,475 16:35:00
Bid Price Offer Price High Price Low Price Open Price
232.60 233.00 234.40 223.20 225.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 2,744.40 187.00 27.60 8.5 1,441
Last Trade Time Trade Type Trade Size Trade Price Currency
17:24:31 O 6,510 230.034 GBX

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Date Time Title Posts
01/12/202015:47National Express1,511
31/10/201208:48RED BUS ROVER3
28/11/201109:45Wilderhill New Energy Global Innovation Index NEX-
11/2/200918:47FINAL RESULTS26

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National Express Daily Update: National Express Group Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker NEX. The last closing price for National Express was 221.40p.
National Express Group Plc has a 4 week average price of 149.30p and a 12 week average price of 111.50p.
The 1 year high share price is 485p while the 1 year low share price is currently 66.95p.
There are currently 614,086,377 shares in issue and the average daily traded volume is 3,455,673 shares. The market capitalisation of National Express Group Plc is £1,440,646,640.44.
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.
sh1984: share price being shorted down due to discussions in government on further lockdowns to come
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
wallywoo: Bgt in today, this looks over sold now, IMO. Always tricky to pick the bottom, but as others have said in 6-12 months nex will be trading normally and the share price yielding 5-10 percent at these prices.
joestalin: I am out of NEX right now - got out at £2.24 - but, like Jock, I would be very happy to see the share price fall below £1. The only reason that I can see for trolling me for holding that view would be envy. Someone famous once said "Never fall in love with a share - it will never fall in love with you."
essentialinvestor: Welcome different views, however sr2 just posts the same drivel accoss so many boards, adds nothing. Best just filter or ignore. On NEX don't see a short term buy catalyst as mentioned last week. Anyone buying now may need patience. Looks a 2021 play, although tbf the share price can also move rapidly upwards as well as down.
essentialinvestor: I've seen that comment made several times, but the reality is weeks later the share price hit 2.70 a share. The NEX plunge and (partial) rebound was mirrored across multiple stocks and sectors. It was more pronounced here is the best you can say. You can trace the recent retrace to an explosion of COVID cases stateside, the CEO leaving and selling his entire shareholding(ex options) did nothing to help sentiment.
m4rtinu: It would be a brave person to look for any patterns in the 6 month chart, at present. But NEX share price doing well on a generally poor FTSE 250 day.
livewireplus: Thanks for reply. Indeed NEX share price does seem to be progressing in a fairly smooth upward manner. I think in Brum then it may just be case of local management that take care of the day to day running of services. As i mentioned previously then NEX seem goog at adding new routes / ammending existing routes as requirements change over time. They have some nice new buses as well. So the routes and new equipment are more strategic decissions so without going in to the company structure are probably made by different management than day to day operations. For various reasons haven't owned a car for last few years - just hire one for specific purposes once in a blue moon. So for longer distance journies rely on train although once recently got a long distance Nat Exp coach
National Express share price data is direct from the London Stock Exchange
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