Performance not Brexit drives prices

摘要

While Stagecoach saw the smallest drop in share price among the TOC owning groups following Go-Ahead's announcement of an expected halving of margins at Govia Thameslink Railway (RBl512 p5), publication of the Stagecoach preliminary results on June 29 (above) saw a similarly abrupt change in sentiment. Compared with the week before the Go-Ahead announcement on June 14, the Stagecoach share price has fallen by 15% while Go-Ahead is now 19·8% down.