Mobico Share Discussion Threads

[billy two cocks] 14/8/2023 11:34

Drip, drip, drip, drip.

The death of a thousand cuts.

[disc0dave45] 12/8/2023 18:15

Very funny :)You do get quite emotional and angry don't you!, chill dude.Anyway, please try sticking to the subject matter, know you find it difficult.6.3 times cover?50% ownership of assets?

[disc0dave45] 12/8/2023 17:37

Someone's panicking big time.Stick to the subject matter, know it's very hard for you.How about you post up proof of their 50% ownership?, while your on please explain your net debt covered 6.3 times by earnings?, surely you can't mean pointless EBITDA?

[hamhamham1] 12/8/2023 17:20

Discodave, are you really going to put as much energy into trolling here and you did on Centrica, where you failed monumentally, and were proved completely wrong.
Anyway, there will be enough rope again... the rest is up to you.. again... Will you ever learn??.

[disc0dave45] 12/8/2023 14:49

Of course they own 100% of some assets, office kettle etc, but the majority of their operational assets they don't own. The majority of the fleet are contracted out on long term agreements.So debt is covered 6.3x by earnings apparently, but not factually correct but that's okay as it's a ramp albeit misleading and incorrect, but hey.

[hamhamham1] 12/8/2023 12:59

It still owns half the fleet on average across all the businesses.
Some areas it owns 100%.
Anyway. Bored of the trolls here, they will be gone when this goes over a quid again, watch and see.

[my retirement fund] 12/8/2023 11:20

Spot the Freudian slip, meant Bus not Bust :)

[my retirement fund] 12/8/2023 11:18

Crazy, death spiral. I guess there will be a lot of companies coming out of the woodwork as interest rates normalise. Any company that had no assets and lots of debt is vulnerable. I don't understand why National Express got into this mess, has it been subject to systematic fraud. I know many years ago it used to own its own vehicles, and plenty of bust stations and garages.

[disc0dave45] 11/8/2023 19:33

Net debt is equivalent to 195p per shareFY23 forecast earnings per share 12.5p.........covered 6.3x by earnings! pmsl.

[jsg123] 11/8/2023 16:22

What a clueless fool

[billy two cocks] 11/8/2023 15:51

Ham,

"Debt is covered 6.2x on earnings, no problems."

If you keep saying it, you'll end up believing it.

The debt is massive and I think you should stop your ramping. Novice investors might be encouraged to catch a falling knife.

If you're long here Ham, there is still time to bail.

Thanks

BTC

[hamhamham1] 11/8/2023 15:05

19 posts in 2 days, hel you did 19 posts an hour, upto 100 per day on CNA, there's perspective for yer ;)

[hamhamham1] 11/8/2023 15:00

Debt is covered 6.2x on earnings, no problems.

[billy two cocks] 11/8/2023 14:35

Look on the bright side, the receivers will be selling off a load of diesel buses on the cheap.

The debt is astonishing. £71m pa just to service it.

[billy two cocks] 11/8/2023 14:29

The knackers yard is enevitable for this.

[hamhamham1] 11/8/2023 11:42

You were a hairs breadth away from investing here 3 weeks ago, when you knew the asset and debt.
Hilarious, and now it's down there with Centrica as worst companies in the market, you couldn't make it up..


disc0dave45 - 28 Jul 2023 - 14:18:27 - 174 of 293 MOBICO GROUP 2023 : global transport play - MCG
Anybody got any recent broker forecasts?
I reckon circa 9p eps for the year based on mid point of their forecast adjusted operating profit.
Most stocks have derated due to inflation so say a PE of 12x (which is generous given their level of debt and the weak balance sheet as they have negative NTAV of £200m), then 108p, so possibly 15% upside - is the risk worth taking?, personally I do think there are better options out there with a lot less risks.
Was keen to invest initially but MRF made some good bear points about their lack of assets, which made me research a bit more and now I’m on the fence a bit but leaning more to passing this one by. Will see if folks can support the bull case rather than getting personal about someone with a different view.

[disc0dave45] 11/8/2023 11:35

Net assets £1.2bnIntangible assets £1.5bnNTAV -£200mNet debt £1.2bnNot a particularly strong balance sheet.12 posts so far in the last 24 hours = fear / panic :)

[hamhamham1] 11/8/2023 11:12

And please tell me again that they don't have any assets, and don't own any of their bus fleet...
Go on, one more time, please say it for all us to read.

They own approx 50% across all the businesses. Do your research!!!

Sometime it's more profitable to allow the local authority to do the capital outlay and MCG make a bit less profit,, but life's too short to explain!

Am off to do something more productive now, enjoy yer trolling!!!

[hamhamham1] 11/8/2023 11:01

A random 1hr sample from CNA last year, you should have seen him during his real ranting stages, yikes...

disc0dave45 - 14 Mar 2022 - 10:20:21 - 7350 of 9038 CENTRICA - CNA


disc0dave45 - 14 Mar 2022 - 10:20:01 - 7349 of 9038 CENTRICA - CNA
Windfall tax coming:


disc0dave45 - 14 Mar 2022 - 10:19:49 - 7348 of 9038 CENTRICA - CNA
Gasbag10 aka patb aka jeanettetigger aka Diohohku aka fant1
Filtered

disc0dave45 - 14 Mar 2022 - 09:23:46 - 7340 of 9038 CENTRICA - CNA
Their Russian gas contract last year was 4.2bn cubic metres pa (which had gone up from previous contract so possibly more also for 2022).
Average annual household gas usage (Ofgem data) is 12,000kwh, they have 7.23 million domestic households so that’s 8.2bn cubic metres, the Gazprom contract 50% of their domestic requirements - oops.
How much will their “onerous supply contracts” cost them in 2022?
Will leave that for the brain dead trolls (aka gasbag aka Dio) and zombies (waldron and his gang) on here to answer :)

disc0dave45 - 14 Mar 2022 - 09:23:30 - 7339 of 9038 CENTRICA - CNA
MINUS ?2.5bn For their onerous supply contract provision which represents the future costs to fulfil customer contracts on a current market price basis. The associated hedging gains are separately recognised within the gains arising on market price movements and new contracts.

disc0dave45 - 14 Mar 2022 - 09:23:07 - 7338 of 9038 CENTRICA - CNA
Windfall tax coming:


disc0dave45 - 14 Mar 2022 - 09:22:57 - 7337 of 9038 CENTRICA - CNA
Gasbag10 aka patb aka jeanettetigger aka Diohohku aka fant1
Filtered

disc0dave45 - 14 Mar 2022 - 08:57:14 - 7330 of 9038 CENTRICA - CNA
Windfall tax coming:

[hamhamham1] 11/8/2023 10:57

And the mass of posts from the troll master general begins, oh it's so like the centrica days.
Dave you just can't help yourself.
But as time passes and the share price rises, there will come a point where dave fuxks off back under the bridge,
But for now, Dave.. Keep on Trolling!

[disc0dave45] 11/8/2023 10:50

Whose next to strike?MRF - hadn't sussed their lack of assets on the BS until you flagged it. Some gamblers (zero research) here clearly hadn't sussed it either!.Fear increasing daily looking at the ever increasing number of postings, not bottomed out yet IMO.Https://uk.news.yahoo.com/first-bus-stagecoach-drivers-strike-130548416.html

[hamhamham1] 11/8/2023 10:49

And the6 got 6.2x cover on earnings to pay interest on debt. That's huge.