Mobico Share Discussion Threads

[spob] 23/9/2009 15:23

This might be worth a speculative short

Limited upside risk ( 5% )

Huge downside if bid stumbles

[winston270] 23/9/2009 14:13

Clippclive where did you see that report?

Its also looks as though CVC/Comsens may request a further extension to the takeover panels deadline to complete due diligence & decide if they are going to make an offer,

I say NX should forget any potential offer, stay independant & proceed down the rights route, they should also approach Stagecoach directly about exiting the rail division while the franshises still have time to run and further reduce debt.

[clippyclive] 23/9/2009 13:30

Cosmens to back National Express cash call if bid fails
Spain's Cosmen family has given a written undertaking to subscribe to a £300m-plus rights issue at National Express if its consortium fails to make a 500p-a-share offer for the bus and rail group.

[winston270] 22/9/2009 11:04

nicandy,

It may go slightly higher, but the share price doesn't normally rise to the full offer amount unless there is speculation of a higher bid, HTH

[nicandy] 22/9/2009 10:43

If the offer comes in this week at £5, will the share rise to that amount?

[winston270] 17/9/2009 11:41

UBS still increasing their stake as are Credit Suisse Group...

[nicandy] 15/9/2009 13:06

Maybe because if it goes for £5 a share they can make a 5% profit at todays prices.

[winston270] 15/9/2009 11:38

Hi all,

Does anyone have an idea why UBS would be increasing their stake to 7.24%? Unless they are buying up stock for the CVC/Cosmen consortium

[phillis] 11/9/2009 12:01

not any more
It has been put out of its misery

[nicandy] 11/9/2009 10:16

Nobody bothered about this stock?

[nicandy] 08/9/2009 08:45

What is the time scale on the potential offer then?

[this_is_me] 07/9/2009 09:20

What offer? It is only a potential offer.

[nicandy] 06/9/2009 16:50

Any views on the offer?

[abcd1234] 04/9/2009 06:42

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DfT assurances key for Stagecoach
By Robert Wright, Transport Correspondent

FT
September 4 2009 03:00 | Last updated: September 4 2009 03:00

"............The words were bland but they represented a coup for Stagecoach. The fourth and fifth paragraphs of yesterday's statement from the bus and rail operator that wants to take over National Express's UK rail and local bus businesses contained two commitments from the Department for Transport.

The first said the DfT would press ahead with its planned takeover of National Express's loss-making East Coast rail franchise if the takeover went ahead. The second said that it would not enforce its right to terminate other franchises held by National Express or Stagecoach in retaliation for its early surrender of the eight-year East Coast contract.

Without these undertakings, Stagecoach had faced the risk that, if it took over NatEx's rail arm, it might be forced to pay the DfT most of the unaffordable £1.4bn NatEx had promised to pay until 2015 to run the franchise. It had also faced the equally unpalatable risk that, if it sought to abandon the contract as NatEx planned to do, the DfT could try to terminate not only NatEx's East Anglia and c2c franchises but Stagecoach's South West Trains and East Midlands contracts. Earlier this week, the government insisted it could give no advance commitments about its stance on such issues......................."


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[this_is_me] 03/9/2009 13:57

Sold out for 472.1p

[this_is_me] 03/9/2009 13:17

Nobody is going to give you advice - unless authorised by the FSA.

[wongman] 03/9/2009 12:40

Hello,

I was wondering if someone could give me some advice on whether I should buy some shares at its current and whether the bid is likely to be accepted at 500p?
TIA

[spob] 03/9/2009 11:46

this will take a long time

5% discount would be normal

[gumberr] 03/9/2009 11:42

can't see this being accepted - hence not moving towards £5. just a view.

[terzoalan] 03/9/2009 11:32

500p? Really?

You could be correct. Plenty of profit taking now though.

[alphahunter] 03/9/2009 11:31

Here we go. 500p.

[fivepounds] 02/9/2009 21:36

hence Cosmen and StageCoach are locked in talks, best part is that the higher bid has to come within 9days. Cosmen family know National Express's value and thats why they will make a better bid as markets have improved and its potential.

[this_is_me] 02/9/2009 21:26

I suspect that the level of the next bid, assuming there is one, depends on how much Stagecoach is prepared to pay for the bits that it wants and negotiation over the bits that neither wants.

[fivepounds] 02/9/2009 19:58

From i i i BOARD

Cosmen family have been very clever in my view, they launched a second bid at £4.50 and got National Express to respond to that bid by saying that too many conditions were attached and that the bid undervalued their potential. Superb because Cosmen family responded by saying that National Express's comments were taken on board (pardon the puns!!!).
Now we hear that they are going to improve the bid. So
(1) The bid will be higher (has to be more than £5)
(2)Conditions will be removed or less of them etc.


I reckon £5.50 should do the trick. £6 and I will be over the moon!
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