Mobico Share Discussion Threads

[billy two cocks] 13/10/2023 10:57

Casholaa.

Banter apart.

It's not nice to take a smacking, my commiserations.

I'm sure you will make it back elswhere, in the fullness of time.

[casholaa] 13/10/2023 10:24

My stop kicked-in yesterday while I was at work. I have been severley wounded by the loss. I'm not happy.

[billy two cocks] 13/10/2023 10:20

neg,

Excellent analysis.

[neg] 13/10/2023 10:16

I've just had a quick look at this after yesterday's fall. Debts of £1.2 billion, it is obvious that this is not sustainable. Big question is how much is America worth? The accounts for last year have around £750m goodwill for the business, but reading the audit report it seems the auditor took a lot of convincing. If the business was sold in 2019 then it was probably worth this and more, but it has really struggled after covid and covid payments to the company have distorted figures. Last year EBIT was £68m on turnover of 1048, but this included £39 of omicron. First half of this year EBIT is 13.8, but with a turnaround expected in the second half. So what is the correct figure and will buyers be prepared to pay for jam tomorrow? Say £50m and that looks being generous, on a multiple of say 7 for EBIT, that gives you £350m. If that was correct (who knows?) then without the North American business it might have EBIT of say £130m. Normally debts should be under 3 x but lets go for an aggressive 4. That means the remaining business should have debts of around £500m. That leaves £350m to find? Some sort of rights issue? Anyway who knows? I may be completely wrong with all these figures!

[hatfullofsky] 13/10/2023 09:32

It was funny :-)

[pj84] 13/10/2023 09:30

Analysts at Peel Hunt revoked their Buy rating “given the latest disappointment”, and said: “We are sceptical that sufficient value can be realised from [US] student bus without a significant improvement.”

[billy two cocks] 13/10/2023 09:28

That is funny. Maybe you aren't such a tool after all.

[billy two cocks] 13/10/2023 09:15

This is heading for shorting territory again. Anything over 80p and I'll be back in.

Rinse and repeat.

[parob] 13/10/2023 09:12

The high volume day and doji created on the chart yesterday hopefully signalled the bottom finally going in as many threw in the towel at the point maximum fear.

[the imperialist] 13/10/2023 08:53

You're investing in a future streamlined, debt free, cash cow!

[parob] 13/10/2023 08:24

Well I doubled down yesterday, I personally think this will recover well leading up to a biz disposal early 2024 or we'll see a cheap takeover around the £1 level.

[cirlbunting1] 13/10/2023 08:17

This is another perfect event based trade...

[the imperialist] 13/10/2023 08:05

65p? I'm in for 337p. Wyckoffians will know why.

[seball] 13/10/2023 07:59

Extremely undervalued, we had positive passenger volumes in Europe and the growth of its German subsidiary, with new contracts on a number of rail lines.

Its Spanish long-haul business Alsa has also seen solid demand, with passenger volumes up 29 per cent. Drop here is over done.

[warrenbuffet73] 13/10/2023 07:45

Relief rally today

65p?

[navigo] 12/10/2023 23:58

Remember I Squared ??

[the imperialist] 12/10/2023 21:41

disc0dave46
Member since: 01 Sep 2023

Another hindsight trader.

[diku] 12/10/2023 18:49

If and when rates do get cut the switch over...something always triggers...

[ny boy] 12/10/2023 18:14

Meanwhile in the real world…Catastrophic 🤦🏻‍♀️

30-year mortgage rates rise to 7.75%, the fifth straight week of increases🚨🚨🚨

[disc0dave46] 12/10/2023 18:07

Close call as had this on my watch list. Condolences to holders and thanks must go to MRF who flagged their intangible assets and weak BS - those that preferred to not listen and much preferred to down tick and attack any contrarian views, take note.

[warrenbuffet73] 12/10/2023 17:12

Not a distressed seller. We have one of the largest networks in USA. Valuable long standing contracts.

In the USA investors are prepared to pay 10-20 times earnings.

[navigo] 12/10/2023 16:52

and the pound is 1.22 now not long since 1.29 to $