Mobico Share Discussion Threads

[gdasinv2] 16/10/2009 15:28

Still take over sign remains +ve ( It may happen again)


Stagecoach Believes National Express' UK Assets Hold Value

LONDON -(Dow Jones)- Transport company Stagecoach Group PLC (SGC.LN) still believes National Express Group PLC's (NEX.LN) U.K. bus and rail assets would provide value to its shareholders, a spokesman for Stagecoach said Friday.

A spokesman Stagecoach Group said, "We continue to believe the U.K. bus and rail assets will provide significant opportunity on the right terms and incremental value to our shareholders.

[dr_d00m] 16/10/2009 12:50

pile in the DCB chaps, don't forget get out at 380p .

[fivepounds] 16/10/2009 12:48

clearly the NEX management are a bunch of muppets!

[superdonkey] 16/10/2009 11:56

A rights issue is a certainty (assuming no other bids) at a much discounted level. No brainer short?

[elmamul] 16/10/2009 10:51

How does Level 2 look, anyone please?

I am thinking of buying, catch a falling knife etc...

[dr_d00m] 16/10/2009 10:50

a bit too late to short today

[pictureframe] 16/10/2009 10:46

Looks like a short to me - deal off the table which spiked the shareprice + dilution looks a cert.

No position yet but waiting to see where this goes

[dr_d00m] 16/10/2009 10:42

Oh dear JTCOD the expert. if he says buy, you know if it's time to sell, and vice versa

[jtcod] 16/10/2009 10:29

The market cap is £530m and debt is £1.2bn. The dilution could be very large indeed imo.

[dr_d00m] 16/10/2009 10:18

well, then keep watching. LOLLOL

[clippyclive] 16/10/2009 10:18

National Express said Friday that it now planned to turn to shareholders for help get the company back on track.

"The board believes that strengthening the group's balance sheet through an equity fundraising is now the most appropriate course of action," it said in a statement.

"The Cosmen family has now confirmed its intention to support the group's plans to undertake an equity fundraising within certain parameters."

National Express did not say what conditions the Cosmen family, its biggest shareholder with an 18.5 percent stake, had attached to its participation in any fundraising.

Rival transport operator Stagecoach, which had been eying National Express's British rail operations as part of the Cosmen-led approach, said it was no longer in talks with the consortium.

(Reporting Paul Hoskins; Editing by Dan Lalor)

[this_is_me] 16/10/2009 10:09

Really! I don't see the attraction at the current price with the prospect of a hugely diluting placing and open offer in prospect at a price well below the current one.

[dr_d00m] 16/10/2009 09:58

why because it was a bear raid too. I suspect about 380-400p close today

[dr_d00m] 16/10/2009 09:07

should go to 400p

[spob] 16/10/2009 08:35

short closing

[spob] 16/10/2009 08:01

I was surprised that this traded so close to the offer price for so long

A gift for shorters

Human nature and greed never changes

[dr_d00m] 16/10/2009 07:57

looks like 340p opening

[this_is_me] 16/10/2009 07:27

Is the share price going to tank?

Bid axed

Huge heavily discounted placing in prospect.

[spob] 16/10/2009 06:04

FT reports bid to be withdrawn

[winston270] 23/9/2009 15:35

Spob,

Its looking that way.....