Shares of Go-Ahead Group plc (LON: GOG) today rose 1.55% as investors bought the company’s stock based on its strong fundamentals and yesterday’s award.
The UK passenger transport company won the Best Investor Communications Award at the PLC Awards 2020 held yesterday.
While Go-Ahead swung to a loss in its latest earnings report for the 2019 fiscal year, the company’s revenues were not as badly affected by the coronavirus lockdown measures as could be expected.
Interested in investing after today’s move?
XTB gives investors access to thousands of UK and international stocks,
including fractional shares from just £1.
Explore stocks with XTB →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to invest in the stocks making the news?
Go from following the market to investing in it, with access to thousands
of stocks across major UK and international markets.
See available stocks →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Own the stocks you’re reading about
Invest in real shares across the UK, US and other major global markets
through XTB, all from one investment account.
Explore XTB shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
You don’t need to buy a whole share
Fractional shares let you invest from just £1, giving you more control
over how much you put into individual companies.
Explore fractional shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to see how XTB works first?
Explore the platform with an XTB demo account before deciding whether
you want to invest with real money.
Try the XTB demo →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
The firm also has recurrent revenues in the form of government contracts that are not based on passenger numbers, which gives the transport operator a very solid financial base.
The company’s revenues are likely to recover significantly once transport patterns within the UK normalise, which could appeal to long-term investors.
Go-Ahead could even reinstate its dividend payment once it returns to profitability, but this remains to be seen.
Go Ahead share price
Go-ahead shares today rose 1.55% to trade at a high of 588.5p.
People who read this also read:
