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MCG Mobico Group Plc

62.70
1.20 (1.95%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Mobico Group Plc MCG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.20 1.95% 62.70 16:35:11
Open Price Low Price High Price Close Price Previous Close
60.10 60.10 63.15 62.70 61.50
more quote information »
Industry Sector
HOUSEHOLD GOODS & HOME CONSTRUCTION

Mobico MCG Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
27/07/2023InterimGBP0.01703/08/202304/08/202301/09/2023
02/03/2023FinalGBP0.0513/04/202314/04/202315/05/2023
25/07/2019InterimGBP0.051629/08/201930/08/201920/09/2019

Top Dividend Posts

Top Posts
Posted at 27/4/2024 07:41 by chester9
It's strange then how the Cosmen family keep pumping money down the drain as you see it, as does the Company secretary buying yesterday.Good point from LSE that demotion from 250 could mean funds dropping out of their trackers. Good play for shorts perhaps.Appalling 30m contract loss, unaffordable 41m dividend. They understand their mistakes at last, with that kitchen sink was throw into last results.No Cosmens then less confidence perhaps but they know their onions.
Posted at 22/4/2024 08:03 by chester9
Saving 41m on dividend will help payback debt fasterIt looks like a lot of clear out/worst case/accruals on financials have taken place. This hopefully last reset should start the foundations of uptrend on share price
Posted at 09/2/2024 00:47 by navigo
as 16-29 p.m. THURSDAY at trade No. 785 we had A MISERABLE 188,736 buys ------- &
173,953 sales

a ridiculously low volume amount when you consider in the last week or so well over a m



as you can see for 3 out of the last 6 trading days the total trading was over a million combined shares traded


The price also somewhat recovered in the closing minutes as the shorters closed their positions,


hxxps://shorttracker.co.uk/company/GB0006215205/

For the record I bought a few thousand shares on Thursday the broker was
"Virtu Financial Ireland (VFIL) " who I have "never heard "of
Posted at 23/1/2024 12:35 by warrenbuffet73
Thought we broke through resistance around 90.50 then down again we went

The MCG trend is def decoupled from other ftse250 companies so can only assume news is on the way very soon
Posted at 15/1/2024 21:31 by warrenbuffet73
The bear case has to be MCG can’t sell their North American business or get the right price. Unlikely!

Interest rates head back towards 6% again. Unlikely!

Black swan event. War in the Middle East. Who knows!

Upside potential after cosmens took their largest stake since their last takeover attempt is significant

A wealthy US operator or PE with deep pockets buy a stable income stream for their pension funds
Posted at 12/1/2024 08:57 by diegrootkrokodil
Is it true MCG are paying over 200k per day in interest on the debt?
Posted at 10/1/2024 17:23 by jeff h
Jefferies put a Buy note out today highlighting the Cosmen family holding its largest ever stake in the company and a potential re-rate assuming the US business disposal.

"..The last time the family held such a significant stake in MCG, it made a takeover approach for the group. In summer 2009, a consortium led by the Cosmen family made several bids, the highest of which valued MCG at £765m (500p per share). These approaches involved plans for a spin-off of MCG's UK assets to peer Stagecoach, with the remaining operations (predominantly ALSA) to be retained...."

Jefferies Base Case assumes disposal proceeds of £1.3bn results in it calculating an implied value for the remaining group of 203p a share.

A more pessimistic £951m proceeds implies 144p a share whilst a more optimistic £1.8bn of proceeds implies fair value of 291p a share before any possible re-rating thereafter as leverage concerns are removed.
Posted at 31/12/2023 09:54 by diku
FGP gone from 100p to 175p...and MCG gone the opposite direction since start of year...
Posted at 22/12/2023 22:42 by whites123
13% to 17% really should not be ignored.
Required to inform the market before it closed, something is brewing and it is not my pg tips. :-)

a 4% addition done so eloquently and without increasing the share price massively. Then market alerted on a slow day when people are quaffing the fosters and spritzers. :-)

MCG year is clearly 2024
Posted at 02/7/2023 11:24 by hamhamham1
Interim divi not too far away, should be approx 1.6p to 1.7p area.

"After careful consideration, the Board is pleased to reinstate a dividend, reflecting the strong outlook for the business and recognising it needs to be done prudently and alongside a continued focus on the pace of deleveraging and maintaining sufficient investment capacity for growth.

As a result, a full year 2022 dividend of 5.0p per share is recommended for approval at the AGM. This equates to a dividend cover of approximately 3.0x (after adjusting for the coupon on the hybrid bond).

Our policy is to maintain a dividend cover ratio of at least two times. Reinstating at a higher level of cover represents a prudent approach to balancing deleveraging, investment and shareholder returns, and allows room for future growth. In future, the Board intends to pay an interim dividend of approximately one third of the prior full year dividend. "

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