Mobico Share Discussion Threads

[gateside] 22/9/2008 08:42

Fri 19 Sep 2008

LONDON (SHARECAST) - Expectations that the current economic turmoil will boost bus use at the expense of trains prompted JP Morgan to raise its target prices on Arriva, National Express and Stagecoach.

Its target price on Arriva rises to 1,341p from 1,164p, on National Express to 1,341p from 1,164p and on Stagecoach to 295p from 261p.

JPM notes that Arriva, on which it keeps its 'overweight' rating, has the lowest rail exposure in the sector.

"We see the shares as the most defensive of the UK public transport operator group, with no London-orientated rail exposure," the broker said.

It also keeps its 'overweight' recommendation on National Express, noting that it trades at a price/earnings ration below its peer group with above average earnings growth.

However, the broker is 'underweight' on Stagecoach, noting that it has high rail exposure in the short term.

[elssworth] 20/5/2008 20:00

Looks like with abit of patience, we could be on the way back to £5.27
Hope this helps

[gateside] 14/5/2008 11:04

Looks like we could be on the way to £9

[gateside] 11/5/2008 12:18

Looks like there is strong support around the 900p level. If it heads back down towards £9 again, I may well buy a few.

Decent last set of results. Yield over 4% with a commitment to increase it atleast 10% a year for the next 3 years. Lots of brokers suggesting that this is a buy. With the high cost of petrol, we could see more people using public transport.

Outlook from last trading update on 01.05.08

Despite the current economic back drop, all operations have made a good start to
the year and we have seen no adverse impact on trading in the first quarter. Our
clear business strategy and our well balanced and diversified portfolio give us
confidence in the Group's prospects. This confidence is demonstrated through our
continued commitment to increase dividends by 10% for the next three years.

We have provided increased certainty over our fuel cost exposure by increasing
the Group's fuel hedge position. We are currently 85% hedged for 2008 and 40%
hedged for 2009.

The strengthening of the Euro against the Pound since 1 January 2008 has
resulted in an increase in our reported net debt of around £70m. However, our
financial position remains unchanged as our e540m facility provides security
over adverse currency trends.

[themoreiseeyou] 26/3/2008 17:45

Not sure, but directors are still buying. Presumably they know far more than we do. At some stage they will attract bid interest, but I doubt if that is the reason behind the directors purchases, unless they want their collars felt by the FSA.

[dr darkstar] 26/3/2008 11:40

oil on the rise again .. anyone know how much effect oil has on their margins?

[dr darkstar] 13/3/2008 20:28

chart looks weak, with an intraday break through support.. presumably affected by the rising oil price?

[themoreiseeyou] 13/3/2008 18:05

Is there anyone out there with views on this stock? Directors have constantly bought but still a weakening shareprice.

[maiseymouse] 11/5/2007 07:04

does anyone like this stock???

[maiseymouse] 08/5/2007 12:14

a bit of much needed support

[maiseymouse] 18/4/2007 07:05

goldman looks to have put the brakes on this one

[masurenguy] 31/10/2006 18:17

Well phucker, you must feel like a bit of a kunt now that nobody has posted this board for 8 months now !

I see that David Ross bought £6m of shares today.

[18bt] 22/2/2006 08:23

New to this thread, but a very long term holder of these shares. Amazing that there is no interest in these. The interest in LCR in which NEX holds 20% must be the reason for latest rises.

[69andy] 01/12/2005 19:11

Things are looking good !!!!
Can I use my bus pass in Spain ?

[winston270] 30/11/2005 15:05

Also the completion of the Alsa deal is expected to take place tomorrow following the issue of the additional 13million shares...

Does anyone know when the result of the Great Western franchise is due to be announced?
Isn't First Group widely tipped as favourite to win the Great Northern franchise ???

[nottheactor] 30/11/2005 13:25

Thanks ireland05

[ireland05] 30/11/2005 12:57

GN franchise due to be announced in December 22nd.

[nottheactor] 30/11/2005 12:41

Anyone know the reason?

[waldiman] 11/10/2005 17:57

Espana por favour!