Mobico Share Discussion Threads

[loryd] 05/5/2009 10:50

If there is a rights issue it will no doubt soothe worries about the covenants and reduce finance costs in the future. On the other hand if they have to give back the East Coast franchise it will surely damage any chance they have of winning other franchises - and how will it affect perception of the company when they come to bid for bus contracts here and abroad?

I presume the share price has gone up because of the covenant relief, but I worry about both the short-term (esp Spain but East Anglia as well), but also about the long-term. They will still have large debts, a reduced operation, relentless capex and credibility issues. Then again, maybe it is time for a new, more cautious start which may reward shareholders - eventually.

[tenapen] 04/5/2009 20:45

Have you given on on knocking KAZ, ellsworth ?

You certainly can pick a riser with your shorts.

[keifer derrin] 28/4/2009 13:35

I'm hoping to buy in at a lower price, so quite happy to see this fall.....yes I know it's selfish, but I've got to make up for BARC somehow :-)

[dancing piranha] 28/4/2009 13:19

Well I was long until this swine flu breakout, so I closed out, and glad I did!

Any transport/leisure/hotel business is at risk until we know how bad it will get.

[19jeremy] 28/4/2009 11:26

Anyone have any views on this

[loryd] 23/4/2009 14:21

You may well be right Chapman, but I think debt is still important. First sign of trouble from East Coast revenues (and the Govt not relenting) and the banks are going to be tightening the covenants and asking questions about whether they'll ever get their money back. Go Ahead's statement today may have alleviated some of the revenue worries, but how many train journeys will three million unemployed make?

The shame about this company and others is that their operational performance has become marginal to their long-term survival/success. Debenhams is the best example, but the likes of Yell, Informa, and Premier Foods are all in the same boat. I hope Nat Express are okay because they have built a decent business, but they did it based on a forever rosy future and an ever generous credit sector. Quite a risk.

[chapman123] 23/4/2009 10:46

seems to be looked on as a bargain now as debt becomes less of a headline look at bdev/debs etc they are generating cash and have good business model they have been here before as were stangcoach when both were considered dead i can see 300p+ very soon its clearly turned and buyers are coming back over past few weeks

[themoreiseeyou] 17/4/2009 16:46

The prudential is still continuing to buy shares in this "basket case"

[outfly] 17/4/2009 16:44

If it continues to rise Monday, we should see £3-00.

[loryd] 17/4/2009 15:54

Just been having a careful look at National Express for the first time. Unless I'm missing something it looks a basket case to me without a rights issue or some debt for equity swap. Why did these companies take on so much debt? Did they think it would always be cheap? Then again, they seem to have thought that passenger numbers would always go up and that Spain was a great place to invest.

[dancing piranha] 17/4/2009 15:18

Thought this would be rising more inline with the rest of the market, still a steady constant rise will do me!

500p target.

[call-logger] 15/4/2009 22:53

July 3rd, after going XD on 17 June

[pictureframe] 15/4/2009 22:22

when is divi going to be paid? Had a look through accounts and cant see the date.

Thanks

[robson1974] 14/4/2009 22:50

National Express revs up on merger talk
Market Report: National Express was in vogue amid gossip that rival Stagecoach is running its "slide rule" over the company.

[jas_ron] 13/4/2009 19:55

been away - this has been very strong recently. bottomed at 150p and will cross 300p with ease in coming weeks. still oversold and worth buying on dips, accumulate.

[nscap] 06/4/2009 19:54

Also now on my watch list. :) Expecting an entry point of 30,000 shares. Price seems a tad over done. Will keep posted :)

[excelsior] 05/4/2009 19:34

The Sunday Times has picked nex as its sharewatch!

It ends ",but these shares may be past the worst"

[excelsior] 04/4/2009 20:51

Not much in the Daily Mail:

NE was driven up 26.5p to 222 by hopes that it would be able to renegotiate the terms of the East coast mainline franchise.

[volsung] 03/4/2009 19:57

Thank you excelsior

[tenapen] 03/4/2009 18:16

Elssworth, as also been posting is one line cr*p on the barc thread. Always good to read another point of view ! But with this poster like so many, No points of view are expressed just rubbish.

regards

[bonzo1] 03/4/2009 11:35

well done to all those patienmt holders - 150p was the bottom as predicted a few days ago. nice rise to 300p with a few bumps by Easter - yes next week!!!