It's hard to say anything without a true cash figure for North American Yellow Bus. 185m to 205m adjusted operating looks like a small gross margin improvement and some cost savings.FY revenue perhaps 7-8% overall. |
Sorry am I reading this wrong revenue in Germany up 12.5%? |
Good results, EBITDA up 10.3% |
Was that a poor effort to get us excited. Revenues look good in Alsa and US but not so in UK and Germany. Operating profit 185 to 205m (adjusted) North American Bus in track but now given date not likely to be in 2024. More savings found Debt is what we want to know about. not mentioning that clearly for reason that we may not like it.That's all folks. Too thin ignacio too thin |
North American bus sale update needed.
May be able to wipe out most of the net debt. |
Finally confirmed Q3 TU on 7/11. |
Keeps rejecting, expect a slow slide down now to reset |
So what were they?
Nothing sort of volume today again. |
They can't be open market trades. Not with only a 1% rise. |
Huge volume today, near 10M! |
Good to see the 50 day ma greater than 200 day. The last time it breached properly and stayed above was December 20 it lead to a 69% rise by 7th April 21. |
Nice flag forming for next step up IMO |
On good news |
Did get out at 73 on 4 Oct as worried this could drift back down. Seems to be doing that but could just as easily reverse on his news. |
That's what I wondered
How long does it take to sell a business
Nearly year now
What would be result if they decide to keep as no bidders were forthcoming |
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. |
7% of my portfolio now after recent top-ups. Happy to take to 10% with risk/reward outlook. |
Yes noticed that as well...75.9p...somebody building stake?... |
Any ideas what these 2 trades are for 1,806,916 each around 1350hrs ? |
I did not want to jinx it earlier but news incoming, shorts closing, etc. Good day |
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. |
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. |
Any US sale news floating about?... |
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