Mobico Share Discussion Threads

[wallywoo] 28/5/2023 07:27

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.

[justiceforthemany] 27/5/2023 21:27

buffettjr if you are not full of BS can you tell us why NONE of the directors have purchased shares here, at decade lows?

[buffettjnr] 27/5/2023 18:51

The share price is nothing more than reflecting selling pressure from outflows from the U.K.

[diku] 27/5/2023 18:43

That would the PA...inside info perks...




justiceforthemany27 May '23 - 15:10 - 2693 of 2701
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Truth is NONE of you know what is going on behind the scenes. Unless you have a direct link with the CEO or CFO.

[jsg123] 27/5/2023 18:14

From the TU.
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.

[jsg123] 27/5/2023 18:12

I did say cash and undrawn facilities, not that it would be good to further increase debt.

[jsg123] 27/5/2023 18:09

This almost needs an activist investor or one of the main shareholders to start making some noises, and I agree about IR being useless, not a single update for 6 months from October last year to March FY results.
Not good enough and no wonder it allows shorts and mms so much time to sew fear and drip down the share price

[purchaseatthetop] 27/5/2023 18:08

Cash was £292m at 31/12/22 not 800m. I think the worry is interest charges on higher rates when the loans expire. With loans of £1.37b on 31/12/22 each one percent interest added increases the charge by £14m. It could rise by five percent.

I was a holder and thank goodness sold at about three times this price. It is a good company but out of favour!

[buffettjnr] 27/5/2023 18:03

Nonsense. They are not investigating a share issue. I have confirmed this. Don’t spread nonsense on here

[jsg123] 27/5/2023 18:02

Why would they do an equity issue with £0.8bn in cash and undrawn committed facilities as of FY update ?

[wallywoo] 27/5/2023 17:48

I think it is fair to say that they are investigating an equity issue. They can't do that without word getting around and hence the selling. A much better solution would be to sell their US assets. With a strong $ that makes a lot more sense than issuing a ton of shares at these prices. Let's see how it plays out.

[buffettjnr] 27/5/2023 15:28

I am and they are both useless.

[justiceforthemany] 27/5/2023 15:10

Truth is NONE of you know what is going on behind the scenes. Unless you have a direct link with the CEO or CFO.

[buffettjnr] 27/5/2023 14:53

Please stop being so thick. Trying to use the irrational market for rational answers is ridiculous.

NEX is fine. There is no issue with it besides useless CEO, CFO, US management and IR.

Break it up by selling the US business, sell U.K. bus and coach and leave it Alsa. Stock will easily double.

[xvzc] 27/5/2023 14:34

Yes, I understand all that and I let out a loud sigh of relief when the results came out. It's not right enough though is it? We've raked over all the reasons why the market has it wrong and yet here we are looking at the prospect of a double digit share price again. It's not such a surprise that people will fear the worst.

[jsg123] 27/5/2023 14:25

What about growing revenue you, reducing leverage to enable dividend reinstatement, increased operating profit only offset by a large Alsa impairment , and forecast to return to net profit this year.
Sounds like a better situation than when the business was closed and share price was 330 in January 21.

[xvzc] 27/5/2023 14:16

At the risk of being told I'm negative, I would argue there's nothing right about NEX, or nothing right enough for the market to have kicked it hard for years.

[dope007] 27/5/2023 09:11

Well if it goes sub 100p I'm adding substantially. There is ZERO wrong with this company and it is doing very well. If idiots want to dump it then I'll happily have them at that price

[diku] 27/5/2023 08:56

So true...following in the direction of AIM...once share price breaks 120p good probability it test 100p...only matter of time...lots of teasing and re distribution just around above/below 120p over the last few weeks/months...





Dope00726 May '23 - 08:44 - 2675 of 2686
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Everything in the UK mkt is a wreck

[wallywoo] 27/5/2023 08:45

Maybe the market thinks we are heading towards another credit crunch. Makes sense to me.Nex came through the last crunch unscathed. Debtor's seem to leave this sector alone. Too much central government backlash if they stop allowing this sector to borrow money at good rates. Public transport is just too important for the developed world to succeed.Doesn't mean there won't be some short term pain though. Perhaps another time to put the tin hat on and sit in the trenches!!

[justiceforthemany] 26/5/2023 21:39

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 17:08

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 13:54

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 09:47

Jeffries cut but maintain buy recco

[xvzc] 26/5/2023 09:45

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.