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I’m going with the Directors. Not keen on the name “Mobico” but with recent fuel price drops and a dividend that looks sustainable (imo) this is great value. Bought another 4000 today to add to my 8000. New average 105p.
The company changed name and has a new profile on LSE:
https://www.lse.co.uk/SharePrice.html?shareprice=MCG&share=Mobico-Grp
If the Directors have bought then that's a sure sign the company is performing or a belief the company is performing. Mr Market seems to think otherwise and rightly so with inflation and increased wages. This stock is so binary, its making my head scratch, but Im sticking with Directors sentiment here for next month.
Yeah there's a new board under the mobico name.
Cant see why this is dropping if Bus services are normal and Directors have bought in. Im topping up as much as I can and want at least 4k shares by results day next month. Is servicing debt just got more expensive and strikers pay going to hamper profit margins. Something is factoring in and not too sure what it is.
Have we got a new bb set up ?
Is Paddy & Poker still in or sold up
Amazing to see where this share has dropped too ! I'm one of the covid originals who was trying to find the bottom, where you would see continuous bounces in SP , from 220p to 300p. Unbelievable to see what has happened to value and the company ! Shows you shares are a dangerous game.
Yes WTF
Lets hope now they have changed the name management feck get a move on & start turning this ship around
Mobico now showing in my HL account instead of NEX , only matters of moment's ago with zero warning.... with a further 6p chopped off the SP to boot. What the actual flyong F??????
Re: RNS
At these levels?
Well I've done a swap on some of my NEX for SYNT. I got a bit annoyed to see an RNS about a change of name when the share price is on the floor ... insult to injury and all that. I sold just under 112 thinking I'll swallow the loss if it climbs from there ... only to see 108 end of day. What an absolute joke! If SYNT recovers a little before NEX rises I'll be back in ... mug that i am. There are plenty of others out there with 'double' potential and slowly I'm thinking NEX will not be one of them.
I’d take 251
New site is live
Thats a good question - maybe they put it in Tesla
If banks are willing to pay 5.7% + the FSCS levy and make a profit, where on earth are they investing it at getting a better return that’s worth the risk? It certainly won’t be nex with these financials.
These online banks have an upper limit of £85k which rules out most institutions . The argument is that IIs are putting their money in bonds and not companies like NEX
I’m not buying Nex at these levels for 4.5%, I’m not after 5.7% in a boring savings account. Ive spotted an opportunity to make 75% - 150%. It’s difficult to time but I know it will happen.
My only regret is I got out of 888 at 70 to lump more in here as I thought this would move quicker.
I am still in, although naturally pleased that I cashed in my side pot here. Shame it was only a baby tranche :)
Unless I have missed something, nothing company-specific has taken place in the past couple of weeks to justify a change of sentiment.
IMO, if you were bullish then, no reason for a change of opinion. Likewise if you were/are bearish. Anyway, time will tell. Maybe a double bottom coming up. Still looking at 102p for a top up, although may go lower, if 103p breaks, of course. Provisionally, a final top up high 90's perhaps?
Anyway, enough crystal ball gazing for now. Need to save its energy to help get England over the line here :)
5.7% 1 year fix best rate for FSCS protected.
Where can you get 5.5% - thats like a 5 year bond
in 5 years NEX isn't going to stay at this level
The bulls are finally waking up to smell the coffee.
I was first out, Longer guy has gone, JG had enough, seems paddy and poker have gone too.
Why would it get a take over bid when you can get 5.5% risk free return and this returns nothing? The divi isn’t sustainable while it makes a loss.
Don’t get frustrated. Read the annual report and trading update again.
Thought this was a bargain all the way down from 150, now I'm just yearning for 120 and will call time on half my holding. Absolutely nothing has helped this, strikes, fuel coming down, dividend, good updates, at least with other loss making companies with high debt, the sp moves up occasionally.
May even take a 5k hit on this tomorrow, hopeless share.
@GenghisInvestor - pandemic days have long gone, where it was akin to shooting fish in a barrel, hard to miss !
TSLA has been solid.
There are other rising starts out there such as Fiskar, Rivn (for the brave) - even RocketLab
NEX (or soon to be MCG) long term, my view is unchanged - if i had spare cash, i'd probably still top up today.
Looking around its tough to find any good investments, thats why I'm still here
should have gone with Tesla in Jan. Elon knows his stuff....