Mobico Share Discussion Threads

[navigo] 13/6/2023 10:01

I have found when The Sunday Times last(?) recommended NEX
Sun 04 September 2022 17:14

"The Sunday Times's Lucy Tobin said readers should buy shares of National Express, arguing that Britons were still intent on exploring new places, the looming recession notwithstanding, although they would be looking for cheaper ways to go about doing that.

An economic downturn could see demand for bus and coach seats "surge", the tipster added, further noting the recent rail strikes.

To back up her claim, she cited RBC analyst, Ruairi Cullinane, who was predicting that the company would prove "resilient" against the weaker macro backdrop.

The RBC analyst had also recently flagged how the UK bus sector was set to benefit from "policy and demographics looking more favourable than in the decade following the financial crisis".

Sharp rises in staffing costs and fuel mean that it wouldn't be a smooth ride for investors, she conceded.

As well, 80% of revenues were generated overseas, mostly from the US, so it would be wrong to overemphasise the British unit of the business.

But the shares had already been battered, having fallen from 423.0p in February 2020 before the advent of Covid-19 and had come off by over a third year-to-date.

"The shares look reasonable value, changing hands at about 9 times forecast earnings for 2023, below a 10-year average of 11," she said. "


So I think we can safely say after her "burned fingers" she isn't going to recomend the share again.

I was actually looking for an article I saw in the last few days mentioning American interest in the shares - some time ago.

Then it dawned on me the groundhogging post 2pm sell offs might e coming from our former colonies ?

[diku] 12/6/2023 20:22

Maybe market wants to lock in director purchases...

[xvzc] 12/6/2023 13:28

Normal service has resumed. The post 2pm kicking comes back with a vengeance.

[navigo] 12/6/2023 10:59

Empty cans make the most noise and someone is selling 48.854 cans he has borrowed .in a desperate attempt to stop breaking 120. --- IT HAS HAD ALMOST ZERO EFFECT AT THIS MOMENT IN TIME

I expected a tip for the shares from one of the Sunday papers - so we will do it the tortoise way

[xvzc] 10/6/2023 17:49

Cause and effect. It's not the bottom until it's been retested. I see no reason for a 4p bump on monday. I'd settle for a slow and well supported rise up to 140p over the next 4 weeks into the update.

[s34icknote] 10/6/2023 07:54

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 GBP400m bond due November this year. We expect incremental annualised interest costs from this bond refinance to be in the region of GBP12m. 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.

[s34icknote] 10/6/2023 07:52

UK & GermanyIn the UK, revenue grew by 27% on Q1 2022Scheduled 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.

[s34icknote] 10/6/2023 07:52

Update trading was in April 13 to 33 percent revenue growth . Clear path on debt reduction to 2025.

[navigo] 10/6/2023 00:21

Has anyone noticed how many directors bought at the absolute bottom around 1.06

"Director/PDMR Share Purchase

The Company has been notified by Helen Weir, Ignacio Garat, James Stamp and Simon Callander, who are persons discharging managerial responsibilities ("PDMRs") of the Company, of the below detailed transactions effected on 31 May 2023 and 1 June 2023 relating to their respective interests in the ordinary shares of nominal value of 5 pence each in the capital of the Company ("Shares")"

The phrase "dip your bread comes to mind". Hindsight can still be invaluable for us

.
Late Friday afternoon the spread was exceedingly tight.

Expect a 4p jump on Monday ?

[poolies3] 09/6/2023 09:14

Half year results 27th July
Hopefully a steady climb up till then

[wallywoo] 09/6/2023 08:48

Anyone know when the H1 trading update is coming? They announced around this time last year.

[s34icknote] 09/6/2023 08:09

Heavy buying this morning !

[s34icknote] 08/6/2023 16:18

Perhaps there closing !!

[buffettjnr] 08/6/2023 16:03

Two huge short positions. GLG and Systematica. Personally I hope they both get roasted.

[s34icknote] 08/6/2023 15:48

More large buys !Is there any short position in this ?

[s34icknote] 08/6/2023 13:09

Two one million buys gone through Is this finally turning ?

[warrenbuffet73] 08/6/2023 10:34

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

[dope007] 08/6/2023 10:09

Don't worry this and FGP will be sold off and shorted tomorrow as is the way with the UK mkt

[xvzc] 08/6/2023 10:09

It'll be interesting to see what the post 2pm hammer time brings.

[xvzc] 08/6/2023 08:29

FGP goes straight to the top of the leaders board. That's some pop.

[warrenbuffet73] 08/6/2023 08:06

Read across . Up 15% and we benefitted more from the strikes. Uk passengers up 20% helped by max £2 fares. Think we’re about to rise again

hxxps://www.cityam.com/firstgroup-smashes-profit-forecasts-on-the-back-of-strong-demand/?amp=1

[xvzc] 07/6/2023 11:36

Is that a rollover at mid?