Stagecoach Group

[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

[JoNi]

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=/amp/www.insider.co.uk/news/paul-thomas-appointed-stagecoach-east-10701540.amp&ved=0ahUKEwjt3qGPreHUAhWHK1AKHR3qBCMQiJQBCD0wCA&usg=AFQjCNE1NnbNDmoYgmAJu2qjEsoFxJvsrw

[winston]

Another operator of the ECML to have overpaid:
https://www.theguardian.com/business/2017/jun/28/stagecoach-says-it-has-overpaid-for-east-coast-rail-contract

[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]

ECML not a patch on WCML.....
https://www.flickr.com/gp/92409298@N06/5499Ki

[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]

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]

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]

From what I have read, it looks like National Express are looking to takeover Stagecoach!

https://dailybusinessgroup.co.uk/2021/09/national-express-in-talks-to-acquire-stagecoach/#:~:text=National%20Express%20has%20confirmed%20that%20it%20is%20negotiating,Express%20ordinary%20shares%20for%20each%20Stagecoach%20ordinary%20share.

[the trainbasher]

Shades of 2009 but turned the opposite way round