Mobico Share Discussion Threads

[xvzc] 09/12/2022 09:55

Cash call?

[my retirement fund] 09/12/2022 09:30

Surprised to see this weakened like this

[xvzc] 06/12/2022 08:59

How much cash does this have?

[winston270] 27/10/2022 11:17

With the percentage growth in turnover achieved, I would have expected those results to have been above market expectations, yes.
The current enviroment is actually benefitting NX Group, UK coach turnover is back above 2019 levels, rail strikes are benefitting coach loadings, as is the cost of living crisis due to people looking for cheaper travel alternatives. This should also be the same at UK Bus (NXWM), however, driver shortages & unreliability are hampering passenger growth there, that situation is unlikely to change anytime soon with the number of drivers they are short. Luckily UK Bus is a smaller part of group earnings these days.

[buffettjnr] 20/10/2022 13:03

Why did you expect winston? In this environment companies must be performing ahead?

[winston270] 20/10/2022 10:21

Whilst the turnover growth across the group is pretty impressive, the following portion of the statement doesn't sound quite so confident.... "FY 2022 results anticipated to be broadly in line with expectations"

[chester9] 20/10/2022 07:43

Debt too high though 80% not impacted by rate changes till 2024. Worry would still be an equity raise if turnover fails to give cash to pay down.

[chester9] 20/10/2022 07:39

Solid if not sounding excited Overview· Revenue up 33% year on year and 5% ahead of 2019 levels at constant currencyo ALSA up 35% year on year, North America up 11%, UK up 30% and Germany up 63%· Ongoing recovery in passenger journeys across our diversified marketso Strong growth in UK and Spanish coach businesses, alongside rising occupancy and yields, with bus patronage also recovering well· Good progress towards meeting full-year driver recovery targets in North America School bus, although the labour market remains tight· FY 2022 results anticipated to be broadly in line with expectations

[buffettjnr] 16/10/2022 15:46

Exactly Winston. Taking a bus trip from some godforsaken place has nothing to do with the equity story

[winston270] 16/10/2022 14:19

Not sure why everyone is placing so much emphasis on NX Groups fortunes based purely on NXWM's performance... it's a relatively small part of the group these days.... UK Coach seems to be bouncing back nicely. The UK Bus & coach division doesn't even account for a third of the business.
The US / Canada & Alsa (Spain, Morocco etc) are the biggest earning divisions within NX, the Dollar pound exchange rate will certainly give US profits a boost too...

[buffettjnr] 14/10/2022 20:38

Not interested in that at all. It’s not even a consideration in the investment decision. Never used the bus service and don’t own the shares.

[cougar99] 14/10/2022 20:19

If you were a serious investor then I am surprised that you own shares in this lot.

A question - How much are you down on this lot now?
Another question - have you actually used (or try to use) a NX WM bus?
Another question (as questions always come three together except on Sundays ;-) - If you are serious investor then why aren't you a premier subscriber to advfn

I have merely posted links to newspaper articles - aren't you interested as to what opinions people express in the articles about a company you hold shares in. Thought that often one of the things mentioned in some investment books is, if possible, get first hand experiences with the company you are buying in to?

[buffettjnr] 14/10/2022 17:51

Cougar please stop posting nonsense on this forum. We are serious investors here

[cougar99] 14/10/2022 12:21

Not surprised as the tory government only view bus routes as commercial opportunies rather than providing any sort of requirsed service. I would think that the routes mentioned will also affect pensioners quite a lot. Perhaps it is part of the plan to reduce life expentancy in order to save money on state pension payments. I wonder how many of the 7m presently on NHS waiting lists are pensioners. When peeple used to say this country was turning in to a 'banana republic' I used to strongly disagree - but given events over past few months then I now agree.

[winston270] 12/10/2022 14:51

All bus services in the region will be getting a whole lot worse from 1st Jan 2023:

hxxps://www.birminghammail.co.uk/news/midlands-news/bus-school-routes-face-axe-25236917

Along with more commercial routes by NXWM being identified as 'No longer commercially viable'

hxxps://governance.wmca.org.uk/documents/s7635/Bus%20Network%20Access%20Standards%20Report.pdf

[cougar99] 11/10/2022 19:00

looks like it is not only livewireplus who thinks the bus services are cr@p

Councillor says Birmingham buses 'limiting opportunity' one year on from fury over timetable changes.

A councillor has spoken out about the state of public transport on his patch - slamming bus services as "limiting the opportunities" of workers.

hxxps://www.birminghammail.co.uk/news/midlands-news/councillor-says-birmingham-buses-limiting-25230956

[winston270] 09/10/2022 14:53

LivewirePlus,

Whilst Stagecoach were providing an excellent service in Birmingham for the Commonwealth Games transport, during the same period, they were failing to provide numerous services daily an hour down the road in Gloucester, due to driver shortages (no doubt they had drivers up in Birmingham) Obviously, the Commonwealth Games contract was far more lucrative than providing a service for their regular passengers....

The WM Mayor can't threaten to take routes off NXWM, as they're majority commercial services.

I understand currently, NXWM are 700+ drivers short.

[livewireplus] 05/10/2022 15:50

I'm not frustrated anymore as I simply do not use buses in Birmingham / West Midlands now due to the unreliable service - luckily I can still afford to use my car or get a taxi instead.

Unreliability must be contagious in this region. In Warwickshire then I used to use Johnsons - but then they got taken over by Diamond / ROL and the services went to total sh@t - so I stopped using them as well. I know they have now lost the routes and Stagecoach are now operating the services but having got out of the habit of using them then not inclined to return.

Talking of Stagecoach - they provided / coordinated the buses for the Commonwealth Games in Birmingham recently. They provided excellent services with very clean buses. The staff at the terminus points were obviously putting in 100% effort to provide very good customer service - and the drivers were very friendly and polite as well. Weren't NEX a sponsor for the 2014 Glasgow Commonwealth Games England team? And yet they didn't do any sponsorship in their 'home' city for the 2022 games.

Sometimes public transport in UK can improve. This time last year the service by West Midlands Trains was awful. They were 'threatened' with losing franchise and they published a timeline for improving their services. They seem to have kept to it as now their reliability is quite good. TfWM are spendingquite a lot of dosh in improving rail-bus interchange locations.That would seem a waste of money if the trains are on time but the buses aren't.

Perhaps the WM Mayor should also 'threaten' NX WM with losing their routes .... perhaps NEX don't mind losing the WM bus operation as it is on;y a part of their overall much larger company.

last month I was within a couple of p in the share price of breaking even on my accumulated NEX last holdings. Foolishly I didn't sell up - but I will if it gets to around 200p again. You may query as to why I am knocking NEX whilst I am a shareholder - well I am not one of those delusional posters who think they can affect the share price by doing a few negative posts on a BB - I just post my honest opinions / experiences .... So this is definately my final post on this thread (whilst I am still a shareholder) as I won't have any more first hand experiences of waiting at a bus stop for 40 minutes when there should have been a bus every 7 or 8 minutes - I'll just sit back and await share price action - hopefully a reasonable jump if there is any serious takeover approach

[chester9] 03/10/2022 17:39

I understand your frustration. It looks like Helen likes what she sees and with the Dollar strong NEX are at real risk of new owners. It seems like the City are holding the share price down to encourage it. Directors buying means they like something though clearly automation can't happen fast enough on your routes. Purchase price per ShareTotal unrestricted beneficial interest held in Shares following the transaction ¹Helen Weir,Non-Executive Director of the Board31,000£ 1.584005 Helen Weir,Non-Executive Director of the Board31,000£ 1.584005