Mobico Share Discussion Threads

[sentiment riies] 27/7/2023 09:04

Affects National Express in the same way as any other service company

[sentiment riies] 27/7/2023 09:03

Interest rates will be at 7% by the end of the year and will only keep going up

[my retirement fund] 27/7/2023 09:03

With debt interest increasing YoY, franchise costs increasing YoY, franchise profit margins shrinking YoY, and ever dwindling pricing power, you have ask yourself why a company like this with no assets and insane debt obligations can even be allowed to pay a dividend? Crazy!

[sentiment riies] 27/7/2023 09:03

Poor Mad Parob

[parob] 27/7/2023 08:27

Might even end the day blue. Those who sold at the bottom will no doubt be gutted over the coming weeks. AIMO.

[anony mous] 27/7/2023 08:23

Was waiting for a little pull back but thought i missed it.So glad it drop so just loaded up for the ride back up.Solid numbers reported.The wheels on the bus . . .

[parob] 27/7/2023 08:17

Wow. And a few more at 95 thank you :)

[xvzc] 27/7/2023 08:14

So what do our chartists call this pattern then?

[dope007] 27/7/2023 08:10

The UK mkt is a clown show. Look at Barclays on a PE of low single digits

[jsg123] 27/7/2023 08:07

Clearly the market disagrees

[dope007] 27/7/2023 08:06

Just added a final tranch to my ISA. These are without doubt undervalued for the short, medium, and long term

[xvzc] 27/7/2023 08:05

Spectacular.

[parob] 27/7/2023 08:03

Added a few

[dope007] 27/7/2023 07:50

These are excellent results putting shorters arguments to bed.

[wallywoo] 27/7/2023 07:39

With over 2% shares short, we could easily get a short squeeze here. Especially as the share price trend turns up.


Could be a very good day today. Ftse futures are all pointing upwards too.

[parob] 27/7/2023 07:33

And interest rates also coming down sooner than expected so that adds to the bull case here imo.

[wallywoo] 27/7/2023 07:25

It is clear in these results that MCG can reduce debt (£985 to £908m over the last 6 months), and pay good dividends (5p, 6 months ago and 1.7p announced today)


That will be enough to ensure that MCG rerate over the next year imho.


Onwards and upwards here chaps!!

[hamhamham1] 27/7/2023 07:03

H1 2023 highlights
§ Strong revenue performance up 19%, driven by:

o Strong growth across all business lines in ALSA

o North America delivering good price increases of over 13% on the 40% contracts that were up for renewal this bid season

o UK revenues up 20% reflecting strong growth in passengers in Coach and Bus partly offset by the impact of reduced Bus funding

§ Adjusted Operating Profit down on H1 2022 as a result of a reduction in Covid-19 funding of £60m. Excluding this, Group Adjusted Operating Profit has increased by £27m, driven by the strong revenue performance

§ Group Operating Profit is £8.7m (H1 2022: £42.3m) as a result of the the reduction in Covid-19 funding

§ Cost inflation came before price rises and cost actions that will be delivered in H2. Actions already taken give confidence in stronger than normal H2 weighting

§ Annualised cost savings of £30m higher than previously announced (£25m), with £15m savings expected in H2 23

§ Strong cash generation in H1 with Free Cash Flow of £79.7m (£63.8m in H1 22) with over 100% FCF generation

§ Improved debt maturity and liquidity with a £600m RCF refinanced to 2028, and £400m bond refinancing on track for delivery in Q3 23

§ US Leadership change and UK restructure to accelerate Evolve strategy and support growth agenda

§ 2023 Full Year Adjusted Operating Profit expected to be between £200m and £215m

[hamhamham1] 27/7/2023 07:02

Mobico Group PLC ("Mobico" or the "Group"): results for the six months ended 30 June 2023

Strong revenue and passenger growth reflecting growth across all markets

H1 Adjusted Operating Profit affected by £60m reduction in Covid-19 funding, and inflationary costs before the delivery of cost recovery and pricing actions in H2

FY 2023 Operating Profit expected to be between £200m and £215m

[hamhamham1] 27/7/2023 06:09

Oh no, not wallywoo, you usually spend your time trolling companies.

I filtered him ages ago

wallywoo26 Jul '23 - 16:44 - 125 of 127 (Filtered)

[parob] 26/7/2023 17:05

Wally I said the same in this post.

[wallywoo] 26/7/2023 16:44

Chart looks like a reverse head and shoulders breakout to me now.In the last accounts MCG had just shy of £1B net debt (£985m). There's no way they have enough cash for a share buyback. Best we can hope for is a decent debt reduction and a small dividend. Along with confirmed plans for the refinancing of this years and next years bonds that are maturing.

[parob] 26/7/2023 16:12

Well the chart looks much better. Fingers crossed!