Mobico Takeover Rumours (MCG)

Might join the 1 share traders tomorrow !Tucked a few under the mattress today .Ain’t going bust . Stake building ! Takeover eventually or full recovery .

Go Simon Callender 93k shares acquired at 53p. Simon is Group General Counsel and Company Secretary. .He now holds 246k unrestricted and awards 505k. This puts any takeover back as he would absolutely be in the know..Nice to see

The slow pace of the yellow bus sale taking to end of 2024 when announced October 23 smacks of getting the company ready to be split up under guidance of Cosmens.I think it gives us the signal that takeover comes in next 8 months. Tick tock

Shorts increased. The SP reflects the current. The Cosmens look long. Short term hard to predict but sell yellow bus business and deliver 3 year plan and SP will be multiples of 54p. If company gets that far without takeover. Just hold and watch.

Takeover incoming or news leak. Spiked 6% briefly

Ripe for takeover at these levels. £390m market cap, crazy.

BTC what do you think the Cosmens intentions are? I think takeover or to block cheap takeover. As Azvalor bought around a similar time I think it suggests their intention to buy us out

Good news expected for those not previously invested Cosmens recently bought up to 20% which enables them to block a takeover at the wrong price or they are stake building to buy us Due to sell North American buses to deleverage

The bear case has to be MCG can’t sell their North American business or get the right price. Unlikely! Interest rates head back towards 6% again. Unlikely! Black swan event. War in the Middle East. Who knows! Upside potential after cosmens took their largest stake since their last takeover attempt is significant A wealthy US operator or PE with deep pockets buy a stable income stream for their pension funds

Jefferies put a Buy note out today highlighting the Cosmen family holding its largest ever stake in the company and a potential re-rate assuming the US business disposal. "..The last time the family held such a significant stake in MCG, it made a takeover approach for the group. In summer 2009, a consortium led by the Cosmen family made several bids, the highest of which valued MCG at £765m (500p per share). These approaches involved plans for a spin-off of MCG's UK assets to peer Stagecoach, with the remaining operations (predominantly ALSA) to be retained...." Jefferies Base Case assumes disposal proceeds of £1.3bn results in it calculating an implied value for the remaining group of 203p a share. A more pessimistic £951m proceeds implies 144p a share whilst a more optimistic £1.8bn of proceeds implies fair value of 291p a share before any possible re-rating thereafter as leverage concerns are removed.

Bit of risk off in the markets, all the riskier shares down today now. Profit taking here too after many days of upside. Back up again this afternoon if US markets take off or may have to wait until tomorrow A nice buying opportunity for the iis or for those wishing to increase their stake as part of a plan to takeover

Looks like it. Both in Chiswick London. Takeover or takeover defence.

Somebody say takeover?...

Takeover from Cosmen I think. If they raise their stake above 20% in next few days then full gone conclusion