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NEX Mobico Group Plc

108.30
0.00 (0.00%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mobico Group Plc LSE:NEX London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 108.30 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
108.50 108.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 108.30 GBP

Mobico (NEX) Latest News

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Mobico (NEX) Discussions and Chat

Mobico Forums and Chat

Date Time Title Posts
29/8/202418:34National Express2,809
31/10/201208:48RED BUS ROVER3
28/11/201109:45Wilderhill New Energy Global Innovation Index NEX-
03/9/200915:05NEX-
11/2/200918:47FINAL RESULTS26

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Mobico (NEX) Most Recent Trades

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Mobico (NEX) Top Chat Posts

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Posted at 04/6/2024 17:16 by michaelorourke
So for me.got to ask why was under utilised £500m RCF replaced with £600m facility ?.Why was £400m bond replaced with 500 euro bond?.Are fuel hedges comparable with likes of Firstgroup?How long does it take to prepare NA bus for disposal?Is revenue in real terms only now at prepandemic levels and why has Earnings not kept pace .I would suggest market has looked at these and marked the share price down accordingly.along with UK bus.German rail& N A bus floundering and management's seeming inability to get them on track.Any number of CEO's have biten the bullet over a falling share price over time.Back in March '21' this was £3.15 and pundets were saying this low But difficult to see this board getting it back their if NA bus disposal just a rumour to keep the small shareholders in line because for me surely institutional should have taken action before now !!!
Posted at 29/5/2024 18:04 by michaelorourke
This board has run out of time in my view because debt bonds should have been refinanced when interest rate more favourable.Also margins forecasted have suffered recently for reasons that should have been foreseen and dealt with sooner.Divisional managers should have been replaced much sooner!?Suspicions abound on these boards on motive for share price dismal performance But given that sale of N.A.bus was announced Oct 23 & still hasn't happened again bodes ill regards these directors .For me given that price has suffered for three years now,How long should they get .If they were football managers they would be gone already
Posted at 08/6/2023 10:34 by warrenbuffet73
NEX and Currys, share prices on the floor, profit making and cost savings gaining moment. Number one in many markets.

I’m in both, if one gets snapped up for double the current share price I’ll be happy
Posted at 29/5/2023 12:09 by jo2362
@Wally
Stocks do often fall on sentiment alone, the fundamentals as far as we know haven't changed! Obviously the current environment for companies refinancing debt has become unfavourable, however, with all this being taken into consideration, the share price now being lower than in the midst of Covid when we had no vaccines and no end in sight as to when operators would be able to re initiate their operations is absolutely absurd. Furthermore, the current situation with train drivers, indicats a long battle ahead (they have just been re balloted), this plays favourably for NEX. I, personally, will no sell a single share below a range of 180-190. I'm also invested heavily here, 1/3rd of my portfolio to be precise! Investing in individual stocks is not for the weak minded, we must remain strong and not be guided by emotions! The company last trading statement was positive, that's all we know so far, to try and guess the reasons why the share price is down without further information is a mug's game. The other thing we do know is that international investors see the UK as a basket case, this whislt negative, means its not a company specific issue! These are my reasons for holding NEX and possibly adding more on pay day!
Posted at 28/5/2023 06:27 by wallywoo
The ftse250 today is around 18790. At the height of the covid fall (when the Nex share price fell to 111), the index was around 14700.So the fall is certainly not all down to the general market falls.This is because the market thinks debt is too high for the higher interest market that we live in. And that with all the other costs increases that Nex have, they will be unable to pay off enough without a equity issue or selling assets. That is the sole reason for this fall.
Posted at 19/4/2023 06:54 by whites123
A very nice trading update.
Amazing i think that we are languishing at the low share price we currently are.
2 + 2 has always equalled 4 in my book so not understanding why it doesnt here.
I have a conservative £2.00 on the share price (Rounded to £2.00 to make it easy) But the £1.90 to £2.20 range.




RNS Number : 6599W
National Express Group PLC
19 April 2023

National Express Group PLC

Q1 Trading Update

19 April 2023



National Express Group PLC ("National Express" or "the Group") today reports its Trading Update for the period 1 January 2023 to 31 March 2023 ("Q1" or "the period").



Unchanged outlook supported by Revenue up 17% at constant currency, and a productivity improvement and cost reduction programme



Overview

· Q1 revenues of £774.4m up £153.9m (+25%) vs 2022 (+17% on a constant currency basis), reflecting an overall performance in line with expectations

· Continuing strong performance in ALSA, particularly in Long Haul and Morocco, with Porto mobilising in the year

· North America contract wins in Transit and Shuttle in new target cities and segments

· US School Bus contracts: expecting 13% average price increases on contracts expiring in this bid season; limited route recovery (in-line with expectations) as the bulk of reinstatements happen in September

· Strong recovery in UK Coach and in German Rail. UK Bus affected by six-day bus driver strike and the associated pay settlement, but with continuing passenger growth

· Implementing a wide-ranging productivity improvement and cost-reduction programme in response to ongoing industry and economic uncertainties, without cutting front-line roles or our capacity for growth



Ignacio Garat, Group Chief Executive, said:

"I am pleased to report another quarter of progress at National Express with Group revenues in-line with expectations, albeit affected by the bus driver strike in the UK, and recognising that the most significant trading periods for our US School Bus and UK and Spanish coach operations still lie ahead.



"Given ongoing industry and economic uncertainties, we have launched a wide-ranging productivity improvement and cost-reduction programme that will start to deliver benefits in the second half of this year. That initiative will also help to ensure we deploy the right resource most efficiently across the business and capitalise on the significant opportunities for growth that we face."



ALSA

Alsa delivered another strong quarter with revenue up 33% on Q1 2022 (+26% on a constant currency basis). Long Haul continues to trade well boosted by the impact of the free travel passes initiative in Spain, and a strong lead up to the Easter trading period. Our Regional and Urban operations continue to grow, and Morocco is trading well, driven by Rabat and Casablanca. We have also started mobilisation of our Porto contract in Portugal, with operations commencing in November this year.



North America

North America revenues grew by 21% on Q1 2022 (+10% on a constant currency basis).

Whilst progress continues to be made in School Bus on the associated issues of driver recruitment and route reinstatement, the next opportunity for a significant step change in performance will come with the start of the next school year in September. We remain focused on driver recruitment and route reinstatement.



Contract pricing increases have been good: based on progress to date we expect to achieve an average price increase of c.13% across the portfolio of expiring contracts. Net new business wins have been slightly below expectations, but with some further opportunities remaining.



In Transit and Shuttle, we have won a new 10-year fixed route and paratransit contract in Charleston: a key Evolve target city. The shuttle business continues to diversify away from its traditional technology sector customer base, as revenues from that segment suffer what appears to be cyclical pressure, with new work in manufacturing with Tesla in Buffalo, NY and a university contract in San Mateo.



UK & Germany

In the UK, revenue grew by 27% on Q1 2022

Scheduled coach revenue was up 87% on the prior year, reflecting the recovery from the Covid related network shutdown in prior year and the impact of the rail strikes in the UK. During the quarter, the business was impacted by the now settled UK Bus drivers' strike, and the associated pay settlement. Whilst that pay settlement was higher than expected, we are working internally, and with our partners Transport for West Midlands (TfWM), towards mitigating the impact of these and other cost increases.



In the first quarter of the year, we also placed a firm order for 170 additional double deck electric buses. The resulting fleet will be the largest of its type in the UK and includes an earlier order for 130 buses that are part of the UK Government's ambitions to make Coventry the country's first All-Electric Bus City by 2025.



Our German Rail business also delivered another good quarter of growth, up 10% on prior year (+5% on a constant currency basis). This reflects the continuing operation of the Lot 1 contract on an emergency basis, with plans well progressed to transition to the 10-year contract from late 2023.



Productivity improvement and cost-reduction

In the context of continuing uncertainty in the external environment, we continue to take decisive action. Fuel hedges are in place covering 100% of 2023 volumes, 59% of 2024, and 26% of 2025 volumes. We also have a number of mechanisms in place to mitigate the impact of wage settlements, and we have long-term supply agreements on the majority of our remaining non-staff costs.



In addition, we have launched a new productivity improvement and cost-reduction programme. We are targeting at least £25m annualised savings, with the first beneficial impact of those actions delivered in H2 2023. This programme will not affect front-line roles or our capacity for growth.



Balance Sheet and currency

Over 80% of Group debt is at fixed interest rates. As previously communicated, we have already put in place a bridge-to-bond facility in respect of the £400m bond due November this year. We expect incremental annualised interest costs from this bond refinance to be in the region of £12m. As we manage the currency profile of our debt to match the currency in which EBITDA is generated, our covenant leverage is not impacted by currency volatility. We continue to see a clear path to debt reduction, which remains a priority, and we expect to be close to our target covenant leverage range of 1.5x to 2.0x Net Debt to EBITDA by Q1 2025.
Posted at 02/3/2023 07:30 by leadersoffice
Definitely a buy for recovery in the share price and good to see the company reinstating the dividend. I expect the share price to get back to the £2 levels by summer time. Also as someone posted... a strong ftse 250 takeover potential if the share price stays at these levels or under £2.00. It's a steal for venture capitalists and I expect they already have it high on their target list.
Posted at 05/10/2022 14:50 by livewireplus
I'm not frustrated anymore as I simply do not use buses in Birmingham / West Midlands now due to the unreliable service - luckily I can still afford to use my car or get a taxi instead.

Unreliability must be contagious in this region. In Warwickshire then I used to use Johnsons - but then they got taken over by Diamond / ROL and the services went to total sh@t - so I stopped using them as well. I know they have now lost the routes and Stagecoach are now operating the services but having got out of the habit of using them then not inclined to return.

Talking of Stagecoach - they provided / coordinated the buses for the Commonwealth Games in Birmingham recently. They provided excellent services with very clean buses. The staff at the terminus points were obviously putting in 100% effort to provide very good customer service - and the drivers were very friendly and polite as well. Weren't NEX a sponsor for the 2014 Glasgow Commonwealth Games England team? And yet they didn't do any sponsorship in their 'home' city for the 2022 games.

Sometimes public transport in UK can improve. This time last year the service by West Midlands Trains was awful. They were 'threatened' with losing franchise and they published a timeline for improving their services. They seem to have kept to it as now their reliability is quite good. TfWM are spendingquite a lot of dosh in improving rail-bus interchange locations.That would seem a waste of money if the trains are on time but the buses aren't.

Perhaps the WM Mayor should also 'threaten' NX WM with losing their routes .... perhaps NEX don't mind losing the WM bus operation as it is on;y a part of their overall much larger company.

last month I was within a couple of p in the share price of breaking even on my accumulated NEX last holdings. Foolishly I didn't sell up - but I will if it gets to around 200p again. You may query as to why I am knocking NEX whilst I am a shareholder - well I am not one of those delusional posters who think they can affect the share price by doing a few negative posts on a BB - I just post my honest opinions / experiences .... So this is definately my final post on this thread (whilst I am still a shareholder) as I won't have any more first hand experiences of waiting at a bus stop for 40 minutes when there should have been a bus every 7 or 8 minutes - I'll just sit back and await share price action - hopefully a reasonable jump if there is any serious takeover approach
Posted at 12/8/2022 17:41 by livewireplus
Nice end to a reasonable week for the NEX share price Onwards & upwards in stealth mode.National Express has an announced a partnership with Stansted Airport where it will trial an electric bus for airside gate-to-plane bussing.https://www.route-one.net/news/natex-partners-with-stansted-on-cobus-2700-airside-operation/
Posted at 23/2/2021 07:43 by purchaseatthetop
Well....yf23_1...I am sitting comfortably waiting for my daily 5% increase in NEX share price to perk up my portfolio. I am also heavily in SAGA so life looks good.
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