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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mobico Group Plc | MCG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.10 | -3.23% | 63.00 | 16:35:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 66.05 | 63.00 | 66.05 | 63.00 | 65.10 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 27/07/2023 | Interim | GBP | 0.017 | 03/08/2023 | 04/08/2023 | 01/09/2023 |
| 02/03/2023 | Final | GBP | 0.05 | 13/04/2023 | 14/04/2023 | 15/05/2023 |
| Top Posts |
|---|
Posted at 24/2/2025 15:44 by bookbroker Where is news concerning the sale of US School Bus business, maybe no interest contrary to MCG overtures! |
Posted at 05/12/2024 18:37 by pherber https://www.investeg |
Posted at 29/11/2024 18:03 by creddy Some muppet suggesting they should keep the American school bus business. THEYRE HEAMORAGING CASH DUE TO INTEREST PAYMENTS ON DEBT AND NEED TO ADDRESS THAT. SELL AMERICAN SCHOOL BUS BUSINESS TO POTENTIALLY GET TO NET ZERO DEBT. IM EXPECTING CLOSE TO BILLION. there won't be return to cheap money anytime soon.Assuming they do sell school bus business c. Billion, they (shareholders) will have debt free business generating sustainable profit to enable return to ftse 250/100 and a return to dividend paying company. |
Posted at 07/11/2024 11:52 by martinmc123 4*Mobico Group Plc issued an encouraging Trading Update for Q3 this morning. The business is on track to achieve FY 24 adjusted Operating Profit guidance in the range of £185m to £205m, with the business having seen continuing growth in passenger demand which has driven group revenue growth of 12% in the period. Meanwhile previously announced productivity and cost reduction programmes are on track to deliver £40m in FY 24 and £50m annualised savings thereafter. So the top line is growing at a double digit rate and...from WealthOracle wealthoracle.co.uk/d |
Posted at 10/10/2024 08:35 by chester9 12th October 23 Divi cut followed by kitchen sink at FY. A lot of water under bridge. Interest rates falling, Yellow bus sale must be getting closer to some progress, German farce hopefully heading towards actually making money, ALSA fingers crossed still brilliant. We should know more next week. It's well over due that we had good news. Part of me wants to sell and watch but surely they can't dump on us again. Investing is good but holding this one is not straightforward ever. |
Posted at 11/9/2024 07:31 by hamhamham1 The Spanish (& more) Alsa business alone here at MCG has gotta be worth £2bn!H1 Statutory Operating Profit for this division was £79.8m. It will hit £160m+ profit for the year for Alsa alone. So at a PE of say 12, that the £2bn valuation for Alsa. |
Posted at 11/9/2024 07:28 by hamhamham1 This is my one stock with outsized debt. But my expectation is it will do a Centrica here, ie sell off USA division and clear debt then rest of company will benefit, and share price will shoot up.As per news articles, MCG are the 2nd largest schools transport service in USA. The no.1 and no.3 having both been sold in the billions. If they get a decent sale price here for the USA business, it's cigar o'clock IMO. So am sitting back and relaxing with entry at these levels. |
Posted at 21/8/2024 23:49 by blackhorse23 Over valued stock, still high debt , no dividend |
Posted at 21/8/2024 14:10 by martinmc123 Mobico Group posted an encouraging set of Interims this morning reporting continued passenger and revenue growth. Revenue was up 7.6% to £1.65b., Group adjusted EBITDA was up 13.2% to £183.8m, Group adjusted PBT was flat at £25.4m. The statutory basic EPS loss shrank to 2.9p from 10.4p a year earlier, the business is going in the right direction. The balance sheet remained stable with net debt at £987.9m, gearing at 2.8x, and the business has clear plans to reduce leverage and gearing with deleveraging a priority for the business in the near term. Valuation looks pretty attractive now with forward PE at under 5x following the share prices multi-year correction. The share price lacks momentum for the time being and is still in a longer run bottoming process. The business is being turned around after 4 successive years of statutory losses post Pandemic and Ieverage is being reduced. This is certainly one worth monitoring for the longer run but it may still be a little too early to be buying just yet...from WealthOraclewealthoracle.co.uk/d |
Posted at 08/8/2024 13:36 by jsg123 200k shares at about 85 having averaged down several times.There is no denying that this current ceo has been a disaster for all shareholders. Profit warnings, excuses around driver shortages in the US, and about bad weather snow days used in our only update this year in April, dividend fiasco, onerous contracts, not recognising/ acting quickly enough to, that the hybrid bond will need repaying or refinancing by mid 25, even shorts increased at 52 on Tuesday, I assume they're betting on a delay or further excuses. New board needed urgently, 4 years is enough, everyone's over and recovered from covid now, FFS. |
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