Mobico Share Discussion Threads

[the imperialist] 23/10/2023 22:23

US sale news imminent? How long have they been working on it?

[billy two cocks] 23/10/2023 12:28

Thanks for the article Holly.

I already knew about the crippling debt. The cancellation of dividend and the fact they're trying to sell the part of the business that makes money makes this smell.

The £435 million pension fund deficit just makes this smell more in my view and will be a huge deterrent for anyone crazy enough to make a bid for the whole group.

Started the short ball rolling again at just over 61p. 5% of my normal position size to keep me interested, will be adding on any spikes.

Good luck all.

Thanks again.

BTC

[holly1000] 22/10/2023 16:33

Interesting read.https://citywire.com/new-model-adviser/news/top-value-investors-bet-on-9-yielding-mobico-as-shares-hit-new-lows/a2426313

[holly1000] 20/10/2023 20:16

Looks like the shorts are now out at this level hopefully a steady accent, a hard couple of weeks to own this stock and I'm sure people were taken out as it looked like total capitulation at points.

[hatfullofsky] 20/10/2023 18:45

That's more like it, sanity back in da house

[seball] 19/10/2023 18:04

Hold as this is ridiculously undervalued.

Following a strategic review, the North American school bus business is being readied for a potential sale', which analysts at Jefferies say has the potential to be ‘a material positive catalyst in accelerating the deleverage trajectory’ at unloved Mobico.

[the imperialist] 19/10/2023 16:24

Would have liked a stronger finish, maybe even level.

[the imperialist] 19/10/2023 16:19

What about the sale of the US operations, and the clearing of the debt?

[poolies3] 19/10/2023 16:16

Unfortunately there is nothing that will move this upwards
Trading statement was horrendous and in this current market that is a killer

[the imperialist] 19/10/2023 15:48

Move up from here on decent volume and we've turned the corner, tank much further and we may as well kiss our MCG investments goodbye.

[the imperialist] 19/10/2023 15:47

It's the spring I was waiting for. This is the time of truth.

[hatfullofsky] 19/10/2023 15:09

WTF !?

The initial fall was over done, this is now stupid

[the imperialist] 18/10/2023 07:52

That could be the key to addressing the debt situation....

[navigo] 17/10/2023 23:28

hxxps://www.focustransport.org/2023/10/national-express-transport-solutions.html

"National Express Transport Solutions (NETS) To Close Coaching Depots at Sydenham in London and Its Base in Gillingham
National Express Transport Solutions (NETS) is to close the Clarkes of London depot at Sydenham in London and its base in Gillingham that came with purchase of The Kings Ferry, although no changes to those two respective brands are proposed “at present,” and work is expected to be moved to spare capacity elsewhere, parent Mobico Group has confirmed........................etc etc "

The question is do we own the freehold at Gillingham and Sydenham - meaning what is the house building value for a block of tall flats etc

Gillingham is getting redeveloped and land in Sydenham must be valuable

[forethought] 17/10/2023 10:20

Looking like we have a base at 62.Onwards and upwards.

[forethought] 13/10/2023 22:37

Shorts reduced a tad. Not surprised!

[diku] 13/10/2023 21:57

That price target 150p becomes irrelevant when price trading around 60p...more like mischief...

[forethought] 13/10/2023 16:38

Yeah. That Peel thing came out this morning.

[pj84] 13/10/2023 16:31

The following is at the end of the above article

"Exploration and production company Energean (ENOG), which is dual listed in Tel Aviv, gained 3.2% to 877.4p, while National Express owner Mobico (MCG) rose 1.8% to 63p after broker Peel Hunt reinstated its ‘buy’ recommendation with a price target of 150p."

Seems like a quick turnaround following their withdrawal of a buy recommendation yesterday!

[forethought] 13/10/2023 15:19

So, what was that? Some attempt at a Friday the 13th tree shake to scare the traders out?

[the imperialist] 13/10/2023 11:16

You are way off the mark neg. If your intention is to unsettle weak holders it might work.