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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 | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 10.00 | GBX |
Manganese Bronze (MNGS) Share Charts1 Year Manganese Bronze Chart |
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1 Month Manganese Bronze Chart |
Intraday Manganese Bronze Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 31/12/2022 | 13:05 | MANGANESE BRONZE: Hail Taxi | 1,070 |
| 10/6/2004 | 15:29 | Call me a Taxi | 185 |
| 30/3/2004 | 11:23 | Black cabs in China. | 1 |
| 30/1/2004 | 14:00 | Will Zingo be Bingo!... or Dingo? | 9 |
| 17/10/2002 | 17:49 | 112p - a good time to buy? | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 31/12/2022 13:05 by waldron Perry Richardson4 hours ago 3 min read Mayor of London encouraged to share plans to ensure ‘affordable&rs The Mayor of London was encouraged to outline what actions he plans to take to ensure ‘affordable&rs There are currently just 14,936 black cabs licensed in the capital. In April 2020, just a month into coronavirus lockdowns, the taxi fleet stood 20 percent higher at 18,341. Low demand for taxis during strict coronavirus social restrictions saw the taxi fleet shrink. Many drivers left the industry completely due to a lack of sufficient financial support from local authorities and Government. Demand for taxis in the capital has bounced back in 2022, but the number of taxi drivers licensed continues to fall. High vehicle and operating costs are pushing many away and also failing to attract new applicants to the role. The current cash price of a LEVC TX Vista Comfort sits at £63,805. That price includes a £7,500 Government ‘Plug-in Taxi Grant’ which runs until April 2024. After that date, an extension has not been confirmed, and could push the cash price of a taxi through the £70,000 barrier for the first time in its history. Taxi manufacturers LEVC announced this Autumn plan to cut its workforce by 140 in a bid to improve efficiency and long-term growth. The Coventry based black cab manufacturers, famous for its electric TX model, said its voluntary redundancy program will form part of a series of measures to improve “sustainabilit The company, owned by China’s Zhejiang Geely Holding Group Company sold 1,620 vehicles and posted pre-tax losses of £118million last year. London Assembly Member (AM) Caroline Pidgeon asked the Mayor of London (1): “Given the announcement of 140 job losses from the London Electric Vehicle Company's (LEVC) production centre in Coventry, where London's iconic black taxis are built, what actions are you taking to ensure affordable, readily available electric black taxis are available to London's black taxi trade?” Sadiq Khan said: “I am proud that since Transport for London (TfL) introduced a zero emission capable (ZEC) licensing requirement for new taxis in 2018, and despite challenging economic conditions as a result of the pandemic, 43 percent of London’s taxi fleet is now ZEC. “TfL and I have supported the taxi industry with delicensing payments totalling more than £30m to encourage the owners of older, more polluting vehicles to remove them from the fleet. TfL also continues to contribute to the £7,500 grant off the purchase price of any new ZEC taxi. In addition, TfL has installed more than 300 rapid charge points, with a significant number of these dedicated to taxi-only use. “LEVC continues to manufacture its TXe ZEC taxi and has stated that its recent announcement of a planned restructure ‘will provide support for the business as it enters the next crucial phase of its development and a planned return to sustainable profitability and growth’.&rdquo Alex Nan, CEO of LEVC, said earlier this month (2): “LEVC now enters the next exciting stage with our new brand strategy, which will see us become a leading zero carbon mobility technology company. “Since the launch of the TX in 2018, LEVC has experienced rapid growth, with 9,000 global sales to date, those vehicles travelling more than 500 million miles and preventing 152,000 tonnes of CO2 from being emitted into the atmosphere. “In London, LEVC’s TX accounts for 82% of the taxi market, and there are now more TX’s on the streets than diesel TX4s. LEVC looks forward to continuing to help the capital to accelerate the transition to a clean, green EV black cab fleet. “Going forward, our state-of-the-art manufacturing plant at Ansty, Coventry, will continue to be the home of the famous, iconic TX taxi - the London black cab and new generation models. We will build on LEVC’s unrivalled heritage and grow beyond high-end taxi manufacturing, delivering smart, green, safe and accessible mobility to more customers than ever before. “Watch this space in 2023, as we are targeting a 20% year-on-year sales increase, and more details on LEVC’s strategy will be revealed in Q1.” Sources: (1) (2)www.taxi-point.co |
Posted at 27/3/2022 10:21 by adrian j boris [...]www.taxi-point.co.uk Perry Richardson 29 minutes ago 6 min read CLIPPER CABS: Fully electric black taxis could be made available to cabbies for just £230 A WEEK Image credit: Clipper Cabs Clipper Automotive, a tech start-up firm that specialises in electric vehicle (EV) conversions, has said a fleet of FULLY ELECTRIC black taxis could be made available to drivers costing just £230 a week. In the quest to speed up its green credentials, the taxi industry may have found an interim solution to quickly convert more of its current fleet into more cost effective and environmentally friendly taxis. The firm behind the technology, Clipper Automotive, was set up by two experts in their field, Dr Alexander Howard and Janosch Oppermann. Their aim has always been to turn diesel black taxis into Zero Emission Capable (ZEC) vehicles. The London taxi industry has already invested heavily in new EV taxis since new vehicle regulations were introduced in January 2018. Since then over 5,000 electric taxis have been licensed by Transport for London (TfL), leaving roughly 9,000 licensed diesel cabs still working in the capital. TaxiPoint’s Founder and Editor Perry Richardson caught up with Janosch to find out more... Can you tell us a little more about the taxi? What range can it achieve and what has the feedback been like? Hi Perry, thanks for talking to me. Yes of course, we have driven it ourselves and had some local drivers have a go. You can watch their reactions in our YouTube channel, just search for “Clipper Automotive”, the reactions there are real, we had someone from the LTDA in it, then a real driver Andrew that we knew from before, and Aiden the singing cabbie, who we reached out to just for this. They all enjoyed the smoothness of it. In terms of range, it has the same cells in it as the van conversion you know of. So 40kWh worth of battery pouches. That gives you 150 miles WLTP, a little less if you correct for vehicle weight. Now WLTP includes highway driving and such, and it is a bit of a technical term really, a bit how exhaust emissions are measured with the hose in a clinical environment and real world emissions are then a whole other kettle of fish. With these batteries it also depends on summer/ winter, how many auxiliary systems you have running and so forth. Like, running the radio takes almost no energy, running LED lamps is also almost free, incandescent bulbs like the headlights take a little bit more, but still not that much. As soon as you start heating things you reduce the range is what I am getting at, so the cabin heater is the biggest consumer, and the de-fogger of the rear window, so ideally you want to run these while charging and less when driving if you can. In any event, you shouldn’t have less than 100mile range with these unless you are in a snowstorm. On a summer’s day you might get a lot closer to the 150miles. Also keep in mind that they can be charged rapidly, so from 20% to 80% it takes you around 35 minutes, so you can do north of 100 miles without much trouble if you plug it in when you are on a break. From talking to drivers, we understand that most London cabbies do about 120miles per day, so that is very realistic. Are there plans to bring the retrofit to market? Have Transport for London (TfL) or any other licensing authorities shown interest? Yes most certainly, we built a few on different plates now, we have an ‘07 as well as a ‘62 for example. We did a TX2 as the very first prototype too, but we are deliberately focusing on the TX4s at the moment. We get approached by people to do Fairways, wedding vehicles and some such, who we politely have to decline at the moment. We are very deliberate in our focus on the taxi trade for now, because they are real working vehicles that will make a difference to air quality in city centres. Changing someone's luxury weekend convertible to be electric is all fair and well, but it makes a much bigger difference to change vehicles that are driven a lot! You asked about TfL and licensing. We are engaging with licensing offices across the country, I have emailed dozens of them in 2020 to test the water, and we are just now re-engaging with them. TfL want what is called type-approval and that costs a fortune and might include multiple crash tests, so we are carefully looking elsewhere first. Some smaller cities have been very welcoming, and will accept our vehicles with an extra inspection per vehicle, so that is what we are really after. As a matter of fact, if you are a driver outside London and think this would be great for your city: get in touch with us, tell us where you are, tell us who your local trade representative is, and let your licensing officer know that you want this (you can reach me at contact@clipper.cab) How much will it cost and could there be an option to offer the retrofits outside of London? The big question! We understand that this can only be a success when the price is right, one of the new hybrid taxis costs £70,000 if you factor all the bells and whistles in, the van is at £50,000, so we are looking at £39,950 + VAT which makes us the most affordable option already. Now, that is still a lot of money, so we are discussing with financing partners how that can be offered at a lower monthly rate. But that is buying, I don’t think that's our most enticing offer just yet, much more interesting initially is try before you buy! We will rent them out at competitive rates, a diesel cab can be rented at £230, and then you have ~£30 worth of fuel per day with it, so realistically you pay £380 per week to drive currently. We are aiming for £230 per week. And the fuel savings are for the driver. Charging this all the way up costs £4 or so I think, so even if you charge twice a day you are winning. It is cheaper if you charge them overnight at home. Once a few of you have tried these in a realistic environment I am sure they are interesting for purchase as well. This only works if it is affordable enough for drivers, which is why we are very driven to offer these at the lowest price that we can. If you are interested, drop me an email, the numbers will be strictly limited in 2022, so we will have to rent them on a first come first served basis. Should funding be offered by Government to help fund diesel to electric retrofitting on taxis? Ha! Yes, I mean that is the story here really. Drivers choosing to go electric benefit not only the passengers, but every single bystander benefits from it! Everybody who stands at a junction next to one of our electric vehicles benefits from breathing cleaner air, so why shouldn’t the local councils help their drivers to make a choice that is good for everyone? Solar panels on the roof were subsidised on homes, people are encouraged to eat less meat, the NHS helps you to quit smoking with classes, why not make switching to electric even more attractive by giving drivers a little extra to sweeten the transition? Bringing this all the way back to licensing, some licensing offices tell us about their age limits which were meant to encourage you to switch from Euro4 to Euro5 and then Euro6. Now they tell us we can’t drive an ‘07 plate because it is bad for the environment, even though we turned it into Euro999, or EuroInfinity by removing the emissions altogether, that has been frustrating at times. In other councils that was less of a problem and they said we can have long extensions on the vehicle lifetime. One council even said we can run them indefinitely. Then sometimes people say: “Well, why would I want to spend so much money on an old car?” That is the point! It is meant to be older and older, we think of it as not the-next-taxi you buy, but instead the last taxi you ever have to buy! Once they are all electric, that’s it, you might have to swap the batteries out every decade or so - and batteries are getting cheaper and cheaper every year, so why not stick to the chassis for good? We are next to a fleet operator and “regular” So, yes please, if you are reading this, and you want to have our all-electric black cabs in your city: 1) tell your councillor, 2) tell licensing about it, 3) tell us where you are and who your local representatives are. We are currently doing demo days around the southeast, but will come to any city in England where licensing, council and drivers want us. You can email me at contact@clipper.cab. Perry it was nice to talk to you, let’s have another chat in summer and I will tell you about the first drivers collecting real fares with our vehicles, which will be a great milestone for us, that we are really looking forward to, it will be very exciting! |
Posted at 03/2/2013 15:13 by diku There ought to be an investigation into the Board and Geely....was it a delibrate ploy to send MNGS into a slow death admin hence they didn't support the RI when price was around 50p....if the assests are good for them now then why didn't they just buy the company when the shares were still traded?.... |
Posted at 18/10/2012 11:04 by boonkoh The question you have to ask is... what does Geely gain from pumping more money into Manganese Bronze?Losing market share to Eco City, and next year Nissan and maybe other manufacturers will enter the market. Geely thought it could sell the iconic design in China and also other countries, as well as reduce manufacturing costs by leveraging its expertise in car & parts manufacturing in China. Both of which have been exposed as not very successful. So while they have already ploughed so much into Manganese Bronze, are they willing to invest even more? Is it a case of throwing good money after bad if they do? The only upside is distribution of Geely cars into the UK. But lets face it, Manganese Bronze don't really have a big consumer facing dealer network, and their marketing expertise is not to general consumers, but to cabbies. Very B2B type model rather than B2C. |
Posted at 18/10/2012 10:40 by diku Does MNGS have a case against that Chinese company that supplied the parts?..What chance they do an RI and Placing shares at 10p whereby Geely takes the Placing shares and RI shares thus increasing their stake in the company.... |
Posted at 16/10/2012 09:38 by peterninefive Adorran Your post 1035Nothing to do with hind site. As a taxi operator for over 30 years I have made over a dozen visits to the factory to meet with directors, management and shop stewards. Also as a member of the TGWU Unite Union vehicle design group I have been involved since the 1990s in persuading the company to make improvements to the vehicle - puting the most used switches in the most inaccessible places was one of their ill thought practices which we corrected. We got them to get rid of the glass passenger partition and replace it with attack proof poly- carbonate and modify the dashboard over the luggage area to accomodate larger suitcases. This company were proud of the metal presses dating from 1939 when they bashed out panels for armoured personnel carriers but still in use they bashed out ill fitting body panels and should have been replaced long ago. I gave up visiting them when they introduced the TX4 because they had continued thier practice of scouring the bargain buckets of the motor trade for parts. Miss-matching as I saw it engines from Italy Gearboxes from Austria and the number of parts which seemed to continue to come from old lines of Land Rover, Ford Sierra, etc. was not what was necessary for an intensely used commercial vehicle. I last met with the factory's shop stewards before the summer. They were concerned for the jobs of the workforce and were talking on behalf of both the workforce and the management who at long last wanted to listen to drivers to find out why they were not buying the product. If they had listend to drivers over the last 20 years they would still be a thriving business but my view of the management is I wouldn't have them run a church fete stall. This latest problem is likely to be due to their mentality of reaching for the bottom priced part. The steering of a taxi is a masterpiece of engineering but the extreme turning circle causes much more strain on the power steering box. It needs to be of the highest quality not Chinese junk. They could easily retro fit the previous steering box and get all these drivers back on the road but they have to be ot of money. You cannot loose money year on year, have doubtful accounting and stockpile unsold vehicles and still have a long term financial future. They don't even have a short term future in my opinion. I missed out on the spectacular 2007 rise in this company's price to £8 because I could not see the value in the company that others were aparently seeing. Directors cashing in their options at the same time told me they didn't believe it either. Drivers are hanging on to their TX1s with the Nissan engines because they had reliable engines so I think Nissan will quickly take the whole share of the market that London Taxis International once had because Nissan already have a good name. I think that the conversion of Peugeots and Fiats is also under threat from the Nissan but do your own research, I have no inside information on Nissan. I hope Nissan will build a British version in Coventry which has long been a centre for vehicle engineering skill and is where other conversion taxis are already made. MNGS - RIP |
Posted at 15/10/2012 19:42 by diku Just a thought that maybe Geely have been playing it all along....if I remember correctly just few years ago the board wanted to raise money via RI when price was around 50p but Geely was not interested at the time.... |
Posted at 04/10/2012 00:33 by peterninefive The Nissan NV200 is not much of a challenge for the Mercedes Vito which is overpriced.The Nissan is rather small insie and only takes 5 passengers so it is exactly like the MBH TX4 and similarly priced but the Nissan has better build quality and warranty. MBH have always offered a really poor warranty and fight drivers all the way on any warranty claim. Just look at the way they treated all the drivers who's taxis went on fire or put off the road, for weeks, by their licensing authority as a precaution. The sooner this iconic vehicle is condemed to the transport museum the better for every cabbie. Not so good for the shareholders. Shareholders just look at how few shares the directors hold. In the last 7 years directors have sold well over a million pounds worth of shares and bought just £30,130. Tells you how much confidence they have in the outfit, doesn't it? Last one out shut the taxi door. |
Posted at 03/10/2012 13:43 by jascat I have noticed that every day this week, the broker ups the offer price to 13p. This is then lowered about an hour into trading to 11.5p. Today this lowering did not happen & the offer remains at 13p, making the spread a ridiculous 3p.Perhaps some announcement is about to be made in the near future? Perhaps not. |
Posted at 29/9/2012 10:04 by adorran Nope, don't think so. Geely have way too much invested in this to let it go, they're in for the long haul. There's a new smaller city taxi due later next year, electric TX4 being developed, the next raft of azerbhajan deliveries due soon and the agreement to distribute Geely cars in the UK. Potentially a good business, just needs some stronger leadership and better PR. They need to smarten up their communication and fight the doom mungers and the share price will shoot up. Frustrating company.......... |
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