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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mang.Bronze | LSE:MNGS | London | Ordinary Share | GB0005617013 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
09/6/2009 15:45 | So it's not just PIs who average down!!! - wonder what Tosca's average price is now??!! | toffeeman | |
09/6/2009 10:36 | Looks like the market sees it that way too. Nice rise so far today. | the itch | |
09/6/2009 09:47 | So how I read it is: Funding issue sorted at a very good price. UK business at or near the bottom in demand terms Costs have been cut FX rates have moved against MNGS in 2008 So going forward I see: Large & increasing overseas sales Improving margins as UK sales vols pick up & exchange rates move back in MNGS favour (as has already occurred so far this year) What has also not been mentioned is the superb black cab brand, that has significant value itself. | spangler1979 | |
09/6/2009 09:37 | It is also obvious where the pressure is coming from... The Group's overdraft at 31 March 2009 was marginally higher than expected. The UK business is expected to be challenging in both margin and volume terms despite the benefit of planned increases in the procurement of Chinese parts and the effect of cost savings generated in 2008 through a reduction in headcount of almost 20 per cent., reductions in fixed costs, reduced working hours, reduced daily output, and a 10 per cent. pay reduction for all employees and directors | davidosh | |
09/6/2009 09:14 | "It is possible that in the very first year of distribution of Chinese manufactured vehicles, the Group's international sales will exceed those sold into the UK market." That should not be too difficult as sales have been falling steadily and still are doing so....The year end figure for the UK is likely to be below 1600 vehicles and breakeven was reset last year at 2000. They have done very well to get the placing away at so close to £2. It had always been my view that they needed to do a placing and it does seem very important in their notes... If the Placing does not proceed, this may impede the Company's plans to expand its international business, develop technological and environmental updates, including the Euro V compliant engined taxi programme, perform a rationalisation of the business or it may have to seek alternative methods of satisfying the Group's longer term funding requirements to achieve the above. | davidosh | |
09/6/2009 07:17 | Excellent placing annouced this morning, done at only a small discount to current share price and in excess of where the shares were trading at just a week ago. This cash will remove any doubts (davidosh!) in funding going forward. This is the key line and the focus of the company's future: "It is possible that in the very first year of distribution of Chinese manufactured vehicles, the Group's international sales will exceed those sold into the UK market." | spangler1979 | |
05/6/2009 17:02 | I've just got out again. CFD buying on 25% margin - not so long ago £1 deposit would have bought about 4 shares. Sell them at £1 profit each. £4 profit and the original pound back in my pocket. | crystalclear | |
05/6/2009 12:57 | I am only very tiny short compared to where I was last year and would only increase significantly if results imminent or legal cases become high profile and likely to cause distress. If not going to break even here in the UK and sales keep falling the banks might get anxious though!! | davidosh | |
05/6/2009 12:18 | It's easy to see how things could go horribly wrong - especially if the JV needs larger volumes to break even than can be sold. But also easy to see how the new production could go very right. From the IMS : commercial production started in Jan 09, launched in April 09, MOUs for 8000 vehicles (2000 of which are firm contracts) over the next 3 years. Do we have any idea of their margin? And we're looking at a sales force that can flog 200 incendiary devices to Bahrain! To my mind it's now high risk anything-can-happen and it seems brave to have much of a position either way. | rapier686 | |
05/6/2009 11:25 | They may need some significant funds before those worldwide sales come through and can you really see the downturn bringing significant sales anywhere right now. Maybe in a couple of years but can they survive in the current form until then would be my question. | davidosh | |
05/6/2009 09:38 | No peace for the wicked eh? Actually ok in May - we're up against the weak comparatives. Date LTI Merc May-06 178 Jun-06 240 Jul-06 228 Aug-06 142 Sep-06 291 Oct-06 112 Nov-06 362 Dec-06 141 Jan-07 333 Feb-07 138 Mar-07 469 Apr-07 273 May-07 310 Jun-07 296 Jul-07 289 Aug-07 96 Sep-07 372 Oct-07 217 Nov-07 185 Dec-07 154 Jan-08 103 Feb-08 114 Mar-08 435 Apr-08 169 May-08 163 Jun-08 146 Jul-08 106 Aug-08 54 14 Sep-08 297 27 Oct-08 68 36 Nov-08 112 20 Dec-08 204 11 Jan-09 97 18 Feb-09 94 31 Mar-09 241 34 Apr-09 159 29 May-09 159 34 | rapier686 | |
05/6/2009 06:24 | The share price is still moving up and now past £2 again. How were the sales in May from the SMMT figures ? | davidosh | |
26/5/2009 14:25 | It's more fuel efficient and longer intervals between servicing but does not look like a London cab, that's what I don't like about it. It looks like an addison lee minicab. A lot of cabbies like them, but a lot don't and my friend says his new TX4 is as good a drive as the Mercedes - and cheaper. London/UK is not the only market. I think the 200 order is a porky! I they start selling abroad then the price now will look very cheap in a year or so. | stretcharmstrong | |
17/5/2009 21:34 | This is the fund that owns a significant stake in MNGS as reported again recently... | davidosh | |
13/5/2009 16:08 | Very tightly held share. It doesn't take much to move the price. | u813061 | |
13/5/2009 13:15 | Not a very well received IMS! And I'm not that clear why since, whatever disaster area the Coventry business has become, the great white hope of Shanghai production finally draweth nigh with MOUs for 8000 and firm orders for 2000. | rapier686 | |
07/5/2009 17:21 | April registrations : LTI 159, Merc 29. April 08 : LTI 169 so total taxi registrations are actually up on last April, albeit that Merc have a share of the pie now. | rapier686 | |
06/5/2009 08:43 | UK government to help save LDV. Good news for the auto industry. | u813061 | |
05/5/2009 13:07 | I think the UK stuff is a drain on the company, and mainly useful for keeping the idea going that these are LONDON Taxis. But at some time, the company is going to have to be valued mainly on Shanghai stuff instead. | crystalclear | |
05/5/2009 12:58 | Just the UK....Rapier is excellent at tracking them. | davidosh | |
05/5/2009 12:48 | I don't think Shanghai LTI have started selling yet. They were supposed to be at the motor show in April - don't even know if they were, but I think it is a bit early to expect sales figures to start being released. (Or do you just mean the old UK figures?) Anyone know any possible launch dates for the saloon cars? | crystalclear | |
05/5/2009 12:37 | Does anyone have the April sales figures ? | davidosh |
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