Mobico Share Discussion Threads

[dawntrader] 12/2/2009 16:24

Well this one has hit my radar .. so I am in for a long .. good luck

[armistead34] 12/2/2009 14:56

'What on earth is going on here? Staggered that we're at this level'

Trying to form that double bottom imho.

[themoreiseeyou] 12/2/2009 13:44

Am i right in assumiong that the Prudential have nearly doubled their holding?

[nigel_man] 12/2/2009 09:49

Dept. For Transport: Agility Trains Wins GBP7.5 Billion Trains Deal

Edited Press Release

LONDON -(Dow Jones)- Department For Transport Thursday announced Agility Trains has been selected as the preferred bidder for a GBP7.5 billion contract to build and maintain a fleet of new Super Express trains for the Great Western and East Coast main lines.

These will replace existing high speed trains which are 20-30 years old.

Agility - a British-led consortium comprising of John Laing, Hitachi and Barclays - will make a significant inward investment as part of this contract. They will build a new train manufacturing plant in the U.K., as well as depots in Bristol, Reading, Doncaster, Leeds and west London with upgrades to existing depots throughout Great Britain. This will create or safeguard some 12,500 manufacturing jobs in these regions.

Transport Secretary Geoff Hoon also announced that the Department is in advanced negotiations with National Express East Anglia to provide 120 new carriages for the Stansted Express service from London Liverpool Street to Stansted Airport. The preferred bidder for this order is Bombardier Transportation, who plan to build them in Derby and therefore safeguard jobs there.

Geoff Hoon said: "This announcement demonstrates that this Government is prepared to invest, even in difficult economic times, by improving our national infrastructure. It is good news for the British Economy that over 12,500 jobs will be created and safeguarded; good news for the regions that the Government is supporting significant inward investment; and good news for passengers that we are taking the steps necessary to improve their rail journeys."

The first of the new trains will enter service on the East Coast mainline in 2013. Trains will enter full service from 2015, linking London with Cambridge, Leeds, Hull, York, Newcastle and Edinburgh and linking London with the Thames Valley, Bristol and South Wales.

Government rail experts working alongside the rail industry have created a new specification for these trains that will offer more seats, more reliable services and reduced journey times.

Andrew McNaughton, Network Rail's Chief Engineer, said: "Network Rail has been delighted to support DfT from the very start on the development of this project. This will be the first train for many years which has been developed as part of a system together with the GB rail infrastructure.

"We have worked with DfT to optimise the design of both train and infrastructure to give the best capacity and passenger experience and the best whole life costs. This is a big train, but it will tread softly and so reduce the amount of maintenance and network down-time needed."

Alec McTavish, Association of Train Operating Companies' (ATOC's) Director of Policy and Operations, said: "This announcement is good news for the rail industry and passengers. The fleet will provide long distance operators with the trains they need to meet the needs of a growing market and passengers with an attractive, cost effective travel choice, which is essential if rail's potential to reduce the UK's carbon footprint and transport congestion is to be realised.

"ATOC and its members have been working closely on the development of the trains' specification and will now work with the Department and Network Rail to bring them into service."

[shammytime] 12/2/2009 08:05

What on earth is going on here? Staggered that we're at this level

[call-logger] 11/2/2009 18:47

And there is another thread where you don't have to scroll through the 2003 Accounts every time

[bonzo1] 11/2/2009 15:42

yes think they are far too cheap at 300p. undervalued, newspaper scare mongering about rights issue - surely benfits from recession as people downsize to buses? shatre down 75% from peak.

[pallett] 11/2/2009 14:15

Where is everyone, does no have any views on these any more?

[bonzo1] 11/2/2009 07:58

rights issues rumours but been denied by company according to newspaper City Am this morning. Far too undervalued on fundamentals.

[bonzo1] 10/2/2009 15:17

buying again at 320p - far too cheap. Irrationality once again. Will be 350p in dats.

[deeman2] 10/2/2009 09:01

Doubt it mate, it highlights concerns over this business in light of what may be a severe economic slowdown!

[pictureframe] 10/2/2009 07:39

looks like a few shorters will get burnt today.

[nigel_man] 10/2/2009 07:35

The government has dismissed fears that its most lucrative rail franchise is in trouble by giving a clean bill of health to the £1.4bn National Express East Coast service.

Lord Adonis, transport minister, said today that the business was fulfilling the terms of its contract, which was signed at the height of the economic boom and needs strong passenger and revenue growth to meet its targets. Responding to a question in the House of Lords, Adonis said: "I am glad to say that National Express is fulfilling the terms of its franchise agreement and that both they and we expect this to continue."

The minister's comments came a week after Sir Richard Branson declared an interest in taking over the east coast route, amid industry speculation that the government was preparing to change the terms of the contract. However, National Express responded angrily to Branson's comments and said it intended to keep running a strong service.

Industry speculation has swirled around the east coast business ever since the civil servant in charge of Britain's railways, Mike Mitchell, admitted that five franchises had been assigned a red light on the Department for Transport's "traffic light" system for monitoring the financial health of rail franchises. National Express East Coast has been singled out as a source of concern by analysts because it must increase premium payments to the government every year until 2015, rising from £85m in the current financial year to £395m by 2015.

Railway franchise owners including National Express have announced plans to cut more than 1,500 jobs in recent weeks as the recession takes hold. South West Trains, which has pledged £1.2bn to the DfT over its 10-year deal, announced last week that it is cutting a further 180 jobs, on top of the 480 that it axed last month.

The move prompted speculation that ministers are signalling that relaxation of payment terms is not an option, at least in the short term. "If you cannot meet targets on revenues, then you have to do it through costs," said an industry source.

[nigel_man] 07/2/2009 12:49

£8.00 is what I expect.

[armistead34] 07/2/2009 12:42

So what price is a fair one? Presumably much nearer the price he last bought.. £4+

[nigel_man] 07/2/2009 12:37

Cosmen family tipped to mount National Express takeover bid
6th Feb 2009

Jorge Cosmen and his family now own 18% of National Express GroupBy Robert Jack

Senior staff at National Express Group are tipping deputy chairman Jorge Cosmen to mount a bid for the company.

The Cosmen family received 10% of NEG's shares following the sale of its Spanish express coach business, Alsa, to the group in 2005. The family had built up their shareholding to over 17.5% by the middle of last year and bought an extra 1% in December.

This makes the Cosmens the second largest shareholder in a UK passenger transport group after Brian Souter and Ann Gloag at...



I think we may get news of the takeover when they publish results on Feb 26th.

[armistead34] 07/2/2009 10:25

Glad to see this recover the £3. level. Sp could yet rise to £4. and still be within the falling 30dayma. So I'd say it is still strongly oversold. Fwiw, dyor!

[value viper] 06/2/2009 14:48

what a short squeeze this is

[phillis] 06/2/2009 13:38

yield continues to be v attractive in the light of yesterday's further base rate move by B of E

From the finals last year:

"Based on the Board's confidence in the Group's prospects and the greater
visibility of rail earnings following the completion of the recent round of rail
franchising, we have announced today a commitment to increase our dividend by
10% per annum for the next three years. This reflects the Board's confidence in
the Group's future prospects."

[steeplejack] 05/2/2009 10:53

The market is so erratic at the moment that fund raisings are being greeted with euphoria ..look at Cookson.Announced rights at 84p falls intraday to 44p,ends day at 97p and now some days later, it's 111p .

[volsung] 04/2/2009 15:27

Closed mine out yesterday...but I'll be back LOL

[pictureframe] 04/2/2009 15:18

lol get those shorts closed

[value viper] 04/2/2009 08:00

1 for 1 rights issue talk in telegraph mkt report - ouch - hopefully not
think cosman knew this might be coming whem he bought in ? assume it is not going to happen -but wdik

[ok,yah] 03/2/2009 13:38

everything with high debt is being shorted/sold and this has more debt than most..risk of rights issue hence relentless falls