Mobico Share Discussion Threads

[justiceforthemany] 26/5/2023 20:39

Support is at 90p. Would be a 15 YEAR low. From the depths of the credit crunch!!
Crazy insane market. Madness

[wallywoo] 26/5/2023 16:08

Well technically the share price has broken support. And because the share price is at a all time low, there's no further support. So you can understand that there's a few nervous investors about. Let's hope this turns soon.

[dope007] 26/5/2023 12:54

Whats with the sudden influx of derampers here? Not that it would have any effect on the price but it clutters the board up with useless posts

[xvzc] 26/5/2023 08:47

Jeffries cut but maintain buy recco

[xvzc] 26/5/2023 08:45

Yeah but it's still being priced for a possible placing. I don't really see what they're going to pull out of the hat.

[chester9] 26/5/2023 08:33

Paying the dividend and not paying down debt will be judged over 2 years, when we are advised cash will be under control.I agree it seems nonsensical, I liked the cash but the Sp drop has matched.

[chester9] 26/5/2023 08:30

Interesting discussion on wake up to money radio 5 about 30 minutes in. 20% payrise hurting and driver shortage tough as bus drivers moved to HGV. Gives indication of short term problems. NEX is a long term play. Unless of course the share price is being manoeuvred for low ball offer.

[buffettjnr] 26/5/2023 08:09

I wouldn’t trust the directors of Nex with 1 penny. The chair is useless (look at her disastrous track record). The CEO doesn’t know what a listed company is and the CFO should never have been given the job. The 5p should have been used to pay down debt. I’m t would be £30m less to refinance. The stock is so weak they would never be able to do a capital raise now.

[dave894] 26/5/2023 08:05

The directors in their wisdom perceived paying a dividend to be within the companies financial means going forward so I trust them as they have been more than able over many years until covid/Ukraine struck.

[dope007] 26/5/2023 07:44

Everything in the UK mkt is a wreck

[xvzc] 26/5/2023 07:42

This is a wreck.

[value viper] 26/5/2023 07:07

I enjoyed receiving my recent dividend very much

[buffettjnr] 26/5/2023 07:06

Paying a dividend from this company is braindead. Whoever wants a dividend from NEX is braindead. If management decides to pay another dividend they are braindead.

The allocation of capital should be:
1. Pay down debt
2. Buyback stock

[value viper] 26/5/2023 06:58

They have just reinstated the dividendIf they felt the balance sheet needed strengthening, they should be shot for doing so - that would be total incompetence

[wallywoo] 26/5/2023 06:43

So far, all we have is a share price falling with the overall market.


The market thinks that Nex may need an equity issue. Personally, I think it is unlikely (but wdik). The short% is just over 2%, so the market are not sure either (would be higher if they were). Added yesterday for that reason.


What we really need is a H1 trading statement, due in the next couple of weeks. It is likely any statement will include a note on whether a h1 dividend will be paid. That should draw a line under these falls.

[buffettjnr] 26/5/2023 05:49

When do management get fired? They are utterly useless. The CFO is shockingly poor. No one can make a capital allocation decision. 3 IR people in 3 months! The latest IR looks like he came out of retirement

[sr2day] 26/5/2023 05:36

Nowadays the stockmarket is a psychological warfare.only the fittest mentally wins.Fundamentals though will eventually reward patience.hold tight.

[holly1000] 25/5/2023 22:06

Dividend Yield 7.5% as of today!

[jo2362] 25/5/2023 18:20

@holly
7% div, where did you get that figure from?
You don't instill much confidence if you can't even get an easy readily available figure like the current dividend right!

[jsg123] 25/5/2023 17:12

This has been dripping for the last year, something feels very wrong here.
Last June 268, today barely 111.
Appalling returns for shareholders since covid.
Personally I thought sub 150 was a bargain at the time, now wouldn't be surprised if it becomes a penny share.
And still directors not buying a single share.

[holly1000] 25/5/2023 17:02

Lowest since the COVID dip is a buy on 7% + div alone ? I've been filling boots for the last 2 days hope for nice profit in coming months a just a little patience needed.

[parob] 25/5/2023 12:49

Perhaps that 5M+ is the last of the sells and potential bear trap.

[xvzc] 25/5/2023 07:51

Sub quid here we come

[xvzc] 24/5/2023 07:40

I take it back.