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Stagecoach Group

Started by winston, December 09, 2015, 09:43:45 AM

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winston

Stagecoach shares have tumbled 14% this morning after the issuing a warning with its interim report that earnings will below expectations, revenue is down following the Paris Terriorist attacks & reduced revneues + reduced revenue growth. Stagecoach shares are now at the lowest level in nearly 2 years:

http://otp.investis.com/clients/uk/stagecoach/rns/regulatory-story.aspx?cid=273&newsid=622147

http://www.telegraph.co.uk/finance/newsbysector/epic/sgc/12040940/Stagecoach-issues-sales-warning-as-Paris-attacks-discourage-passengers.html

http://www.standard.co.uk/business/stagecoach-shares-plunge-after-paris-attacks-hit-revenue-a3133046.html

winston

Stagecoach shares have hit new 52 weeks lows after this morning's Final Result announcement, largely due to an potential £84million exceptional hit against Virgin Trains East Coast:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SGC/13275349.html


winston


mikestone

Have they been caught out by claims of increased passenger numbers, when the increase is actually due to split ticketing and more accurate counting by automatic barriers?
;

JoNi


Sandy Lane

Stagecoach gets back on the bus to a smaller future.
https://www.theguardian.com/business/2019/jun/23/stagecoach-brian-souter-last-train-smaller-future-railway

The paper says 'A smaller, humbler Stagecoach Group is set to unveil annual results on Wednesday. Its American dream has ended, and it faces a final departure from the UK railway network it once dominated.'

winston

Stagecoach Group Half Year results:
https://www.stagecoach.com/media/news-releases/2019/2019-12-11.aspx

More interestingly, Brian Souter is stepping down as Chairman from 31st Dec 2019 to be succeeded internally by Ray O'toole (a former NX Group CEO)

WyreForestShuttle

Stagecoach PLC have today announced all MEGABUS services in England & Wales SUSPENDED it is of interest to First Worcester customers as  Stagecoach serve the First Worcester operating town of Evesham as Midland Red (South) Limited

winston

Stagecoach have today announced they've slashed their previously announced capital expenditure for 2020/21 by £83 million for new fleet:

- The group has reduced its previously planned 2020/21 capital expenditure (£105m of cash capital expenditure and £38m of new leases). For the time being, its planned 2020/21 capital expenditure is limited to £40m of cash capital expenditure and £20m of new lease

- The group has around £506m of available cash and undrawn, committed bank facilities.

Full article:
https://otp.tools.investis.com/clients/uk/stagecoach/rns/regulatory-story.aspx?cid=273&newsid=1384170

winston

#10
Trading update:

Positive cash flow, increased borrowing capacity & 2020/21 capital expenditure on new vehicles increased by +£14 million since announcement slashing it.
https://otp.investis.com/generic/regulatory-story.aspx?cid=273&newsid=1393256

WyreForestShuttle

Quote from: Winston on May 28, 2020, 09:10:34 AM
Trading update:

Positive cash flow, increased borrowing capacity & 2020/21 capital expenditure on new vehicles increased by +£14 million since announcement slashing it.
https://otp.investis.com/generic/regulatory-story.aspx?cid=273&newsid=1393256
It is noteworthy following todays statement to the citt the credit rating houses have changed Stagecoach PLC credit  rating from negative to stable whereas National Express PLC & FirstGroup who are regarded credit risk wise as negative.

WyreForestShuttle

Stagecoach PLC have today released its financial results although net residue incomes have fallen by 25% the company has not issued the same  long term viability warnings which FirstGroup were required to do.
https://m.stagecoachgroup.com/media/news-releases/2020/22-07-2020.aspx

Stuharris 6360

Pensnett is my local garage. Favourite bus of all time is Fleetline 6360 (KON 360P).

the trainbasher

Shades of 2009 but turned the opposite way round


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