||EPS - Basic
||Market Cap (m)
Marwyn Mgmt Share Discussion Threads
Showing 126 to 147 of 150 messages
|Anyone out there? Its like the Marie Celeste..|
|Does MMP still own the German bus division. I've a recollection it was sold off?
Anyway, it's won some business with BASF...
|Rats and a sinking ship come to mind
|Can we take part in the placing?|
RNS Number : 2376U
Marwyn Management Partners PLC
29 November 2013
29 November 2013
Marwyn Management Partners plc ("MMP")
Update regarding listing of MET on AiM
Further to the announcement on 3 September 2013, MMP announces today that it is no longer pursuing a listing of its subsidiary Metropolitan European Transport plc ("MET") on AIM.
The Group has appointed advisers and is in ongoing discussions with a number of parties regarding the private investment of capital into MET.
The board continues to evaluate other strategic and financing options for the Group. As part of this, MMP has held discussions with Marwyn Value Investors LP, its largest shareholder, which has confirmed its long term commitment to the Group. The Company will update the market in due course.
Marwyn Management Partners plc + 44 (0) 207 004 2700 Mark Watts
This information is provided by RNS
The company news service from the London Stock Exchange
|What happened to MET floating on AIM?|
|Is MET going to float Friday? After deregulation in England many of the new companies went on to be quite profitable and later swallowed up by the big players?Why so little movement here in the run-up? Of course if the IPO is delayed it is a poor reflection on the management. Would any long-term holders put fresh money into this?|
I'm keen for MET to get listed. Never felt that these businesses sit well together and clearly valuation has been affected as institutional investors cant be bothered to pick it apart and get to the true valuation.
I'm wanting to be here once MMP is just Le Chameau, a great luxury brand playing into a growth niche.|
|... at least it generated a couple of buys this morning ....
Nominated Advisor seems to be Peel Hunt LLP
|Decent enough update. Le Chameau obviously doing well.
Would have liked a bit more detail on the listing of MET, ie who is advising? When is listing being aimed for etc.|
|from todays RNS:
MMP continues to talk to investors in relation to a potential IPO of MET|
|In a previous RNS they had said MET plc shares would be admitted on [●] October 2013. Therefore assume if it wasn't going to happen tomorrow (last day of October) then a new updated RNS would indeed be a requirement.... hence todays update.
At least we have a specific date of 29 November on LSE website now:
The 29th Nov is the last working day in November so perhaps MET are hedging their date and might float earlier than that. What we need now is the 'Expected size of offer' and ;Date at which admission document will be available'. If proposed float date gets put back further (to December) then will presume there is a big spanner permanently stuck in the works and we can forget about catching the MMP/MET bus.|
|Float now targeted for late November: http://www.investegate.co.uk/ArticlePrint.aspx?id=201310301517547937R.|
|... in a word .... 'No'......|
|Anyone any news on the MET flotation?|
|.... and this is an 'update' (issued 3rd Oct):
....so we should get a more definite date from MET soon....|
|Well, waiting for the float of MET is a bit like watching paint dry (or waiting for a bus to come along on a rural route on a Sunday. Just checked LSE new issues page...
...and it gives expected first date of trading as 31 October - didn't look before so don't know if that is an update or whether it was showing that date before. Await to see when date of admission documents gets filled in....|
|MET business plan doesn't seem a million miles away from what Rotala (ROL) did in the UK with local bus routes. Their share price is up over 20% in last few weeks. So looks if timing is reasonable for MET floatation ... if it does indeed come soon .....|
|.... a bit of a PR exercise before MET floats must have kicked off as there is also a bit in the Daily Mail....
British firm to put £40m into making Germany's old-fashioned bus companies more efficient
|Today's Daily Express:
Metropolitan European Transport (MET), backed by Marwyn Management Partners, hopes to raise £41.9million from the listing on London's secondary market next month.
The group, which owns five bus companies in Germany with 380 vehicles, wants to take advantage of the German government's move at the start of this year to deregulate long distance bus services.
It has already set up two routes between cities in western Germany and other countries under the Public Express brand, as the EU puts pressure on governments to open public transport markets.
The company, which runs coaches between Heidelberg in Germany and Strasbourg in France and between Groeningen in the Netherlands and the German city of Bremen, wants to add 10 more routes in two years.
It is also eyeing opportunities to run more local bus services under contract to local passenger transport authorities, which it already does in Frankfurt and Cologne.
Chief executive David Leeder said it is particularly targeting long distance routes not well covered by the national rail network.
The business expects to make revenues of £26million this year, with a contracted order book of £115.6million. The German bus market is thought to be worth more than £4.2billion.
He said the Aim listing should improve the company's profile among investors.
"We want to widen our capital and shareholder base so we can continue to expand," he added.|
|A little bit of coverage...