5 cheap FTSE shares I’d buy in this market crash

first_img£41m G A Chester | Wednesday, 13th May, 2020 £1,176m 870p National Express said last week: “Even in this unprecedented lockdown, the group continues to generate positive EBITDA and cash flow.”The equity placing adds to the company’s existing cash and undrawn borrowing facilities, providing additional security for near-term resilience. But also flexibility to invest for the future when the Covid-19 crisis recedes. Indeed, management told us: “We are already seeing a number of growth opportunities as existing and potential new customers seek a financially secure and reliable operating partner.”National Express’s share placing diluted existing shareholders by just under 20%, but the shares are currently trading 56% below their pre-crisis high. As such, I think they offer great value today.2 travel-related bargainsSSP is a leading operator of food and beverage concessions in travel locations worldwide, including airports, train stations and motorway service stations. WH Smith also has substantial exposure to such locations. Both companies reckon their recent equity placings and increased debt facilities provide them with, in the words of SSP, “a really strong position to manage through this crisis”.Both firms are assuming an almost total shutdown of the travel market for the whole of the second half of their financial years (ending 31 August, for WH Smith, and 30 September, for SSP). They also assume only a gradual improvement in trading thereafter.WH Smith’s share placing diluted existing shareholders by 13.7%, and SSP’s by 19.3%. Yet their shares are trading at discounts of 66% and 68% to their pre-crisis highs. These are great opportunities for investors, in my view.2 more cheap FTSE sharesValue-for-money pubs group JD Wetherspoon and low-cost, no-contract gyms operator Gym Group are currently completely shut for business. How long could they last in the event of a continuing total closure of their estates?After recent equity placings and securing increased debt facilities, Wetherspoon and Gym told us they have sufficient liquidity “until the end of November” and “for the remainder of 2020” respectively. A total lockdown of their businesses for that long strikes me as highly unlikely, with potential reopenings of some sites as early as July.Wetherspoon’s share placing diluted existing shareholders by 15%, and Gym’s by 19.9%. Their shares are trading at discounts of 50% and 58%, respectively, to their pre-crisis highs. As such, these are two more cheap FTSE shares I think are great buys at current levels. Placing price Current price Enter Your Email Address £216m £235m JD Wetherspoon £221m £1,290m Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 230p Image source: Getty Images Gym Group Cheap FTSE shares abound in this market crash! Many will ultimately recover and go from strength to strength. However, some may never regain their former highs. And some may even go to zero.The five companies I’m looking at today have several things in common. They’re excellent businesses, in my opinion, with good long-term growth prospects. But I also reckon they have the financial strength for near-term survival. All five have raised new equity in recent weeks, well supported by institutional investors. Furthermore, you can buy their shares today at discounts to the prices those institutional investors paid.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…5 cheap FTSE sharesThe five cheap FTSE shares I’d buy today are National Express, SSP, WH Smith, JD Wetherspoon, and Gym Group. The table below shows some details of their equity fundraisings, and their current share prices and market capitalisations. 1,050p Amount raised 230p Market cap £141mcenter_img £166m 5 cheap FTSE shares I’d buy in this market crash 900p I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. £1,228m 150p 899p National Express See all posts by G A Chester I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. WH Smith “This Stock Could Be Like Buying Amazon in 1997” G A Chester has no position in any of the shares mentioned. The Motley Fool UK owns shares of SSP Group. The Motley Fool UK has recommended The Gym Group and WH Smith. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. 210p Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 133p 250p Our 6 ‘Best Buys Now’ Shares SSP £1,047mlast_img read more

The Latest: Massachusetts braces for snow’s arrival, wind

first_imgMassachusetts Gov. Charlie Baker says the state could expect 12 to 18 inches inches of heavy wet snow through the duration of the slow moving snow storm. He urged drivers to stay off the road as much as possible starting mid-afternoon Monday. The storm could also bring with high winds with gusts of up to 55 miles per hour along the coast and the possibility of moderate coastal flooding. The state is preparing thousands of pieces of snow clearing equipment, including plows, and will work to keep outdoor subway lines clear. COVID-19 vaccine providers will contact those with appointments if they are forced to close early.last_img read more