Mobico Share Discussion Threads

[m4rtinu] 20/10/2017 09:15

Presumably worries about debt.

[m4rtinu] 19/10/2017 15:56

Well, T thought NEX was a sound investment. Anybody know what is driving price down?

Diversified markets, earnings in £, $ and Euros, reasonable margins, sustainable dividend policy. MU

[m4rtinu] 03/10/2017 09:09

SP starting to recover? FLW

[thomasthetank1] 12/5/2016 14:15

Read Beaufort Securities's note on NATIONAL EXPRESS GROUP PLC (NEX) out this morning, by visiting hxxps://www.research-tree.com/company/GB0006215205

"National Express traded well for the first four months in 2016, with improvement in revenue and passenger numbers across business regions. The company's established businesses continue to grow, and its new markets including Germany and Bahrain are already carrying millions of passengers. The company seems to have struck the right mix of innovation, partnership and customer service as evident from the full-year profit and cash flow expectations. The company upholds..."

[shawzie] 03/12/2015 14:46

Over the past four years ;
Shareholder Value has fallen £(M) 965, 902, 897, 836
Earnings per Share has fallen 19.90, 11.80, 11.10, 11.60p, but
Dividend keeps rising 9.50, 9.75, 10.00, 10.30p

The Yield is not great, so is this company going to come good or implode?

[yf23_1] 21/4/2015 01:39

OK, got it now. In the group income statement we can see

op pft 193m
finance costs 54.5m
Pbt 145m

Exceptionals 78.9m thus IFRS Pbt 66.5m

However, I was looking at segmental section where

op pft 193m
Exceptionals 78.9m
Giving Pbt 114.2m

Then they subtract net finance costs of 48.0m giving IFRS Pbt 66.5m

In the 1st column (normalised) they do not give any finance costs or Pbt, so I assumed the 114.2 was the normalised.

Its a lot clearer now, the difference is just due exceptonals (50.3m) and intangibles amortisation (28m).

Does seem rather a lot of exceptionals and 25m last year too. If they are truly exceptional and not hiding recurring items, then its no a bad rating based on normalised EPS.

[yf23_1] 21/4/2015 01:01

Its awfully hard to read as the columns don't line up. I'll try to get a font that works.

[jeff h] 20/4/2015 21:38

A quick look (so I could be wrong) and net finance costs of £48m seem to be included in the normalised profit from the results. They also say to reconcile Normalised and Basic earnings:-

"Unless otherwise stated, all operating profit, operating margin and EPS data refer to normalised results, which can be found on the face of the Group Income Statement in the first column. The definition of normalised profit is as follows: IFRS result found in the third column, excluding intangible asset amortisation, loss on disposal of businesses, exceptional items and tax relief thereon. The Board believes that the normalised result gives a better indication of the underlying performance of the Group."

[yf23_1] 20/4/2015 17:10

Can anybody hel me here. I'm looking at the difference between IFRS eps (11p) and normalised (21p).
It seems that net finance costs are excluded in normalised eps. How can that represent a better picture of underlying performance ?
Surely on-going finance costs represent a true on-going cost of the business, so which figure gives a better picture of the P/E ratio ?

[shauney2] 30/10/2014 08:52

Nice positive update.

Re fuel savings.Not sure the recent drop in price will have much impact for the next year or 2.
They said this at their last results,

Fuel costs

Fuel cost represents approximately 10% of revenue. The Board's policy is to hedge fully a minimum of 15 months of addressable consumption against movements in price in all businesses, together with at least 50% of the next 9 months consumption in contract businesses. The Group is fully hedged for 2014 and 2015 at an average price of 49p and 47p respectively and 92% hedged for 2016 at an average price of 44p.

[waterloo1] 20/10/2014 17:30

Bought into these as plunging oil/diesel prices should have a very positive effect on bottom line profits. Also in EZY which has already confirmed a decent boost in expected profits because of fuel savings. Very decent safe yield and likely beat in expected profits makes this a good prospect imho but DYOR

[18bt] 08/8/2014 11:00

IC Buy Rec this morning FWIW, but as not posters here for over a year, probably no interest

[bend1pa] 18/7/2013 09:45

Considering both revenue and eps have been noticeably shrinking each year since 2008, and further falls predicted for this year, with the share price now at a 16 month high I'm happy to sell in the 240s today. A 29% return + final div over 9 months is good enough for me.

[miata] 16/7/2013 10:02

Reasons to take profits?

- Recent outperformance
- MACD turning down
- RSI 85
- Broker targets nearly reached

Limit sell 260p.

[major clanger] 02/7/2013 15:42

Post-IMS broker recs:

www.brokerforecasts.com/news/article/articleId/4625197

[scorpione] 12/6/2013 12:47

It's good that they sold out completely now. I reckon one of the reasons why the share price has been subdued is because the market was aware of this large shareholder wanting out. Now that their shares have changed hands successfully it should bode well for the share price. NEX has been left behind through the general upturn in equity values over the last 6 months; at this level they are cheap and the value should in my opinion improve significatly from here.

[phillis] 12/6/2013 11:45

Elliott gone to zero from 22% last October
Wonder where they have gone

[barlick] 16/5/2013 17:35

The future is not 'car man' driving his heavily depreciating asset fuelled by manipulated petrol/diesel prices.

I believe the growth is more coach than train albeit I accept this is not a commuter solution.

My wife visits her son in Birmingham from Stevenage (North Herts) on the NEX coach for just over £20 return!! The train is nearly 4x that!

The NEX coaches are very impressive & I think a bit of a push now would see a lot of bookings, especially when Summer arrives.

I like to invest in companies I rate & NEX is one of them.

GLA

[malinkie] 16/5/2013 12:23

Just bought in. Looking upwards based on company statements and recent tips. Lets hope these tipsters are correct.

[portside1] 16/5/2013 10:32

going to keep topping up for the rest of the year

[portside1] 16/5/2013 09:13

tipped by Andrew brough he is one of the best and spot on

[portside1] 16/5/2013 09:07

these have just been tipped on cnbc by fund manager and said he is going to buy recovery is now going on and good for the future
just added 5000

[hvs] 08/5/2013 07:28

Posts dont drive the business its the management.

I am also very happy to stay the course. Good business here and very undervalued.

[18bt] 08/5/2013 07:25

IMS yesterday quite reasonable and showing some exciting growth opportunities. Happy to hold.

[barlick] 05/5/2013 15:24

Have to say this board is consistent. Whether the shares go up or down nobody posts.