Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I'm gonna keep an eye on the company still. Buying low in the £1.30-0.80p range didn't quite work out but maybe second time's the charm if it slips to all time lows again.
My investment reason was - ride out the short term inflationary bumps, grow revenue to outscale debt. If they can't do that then it's only gonna chug along barring a buyout. But IMO you should never invest based on buyout speculation. A depressed operational performance with some questionable adjustments to operating profit alongside a chunky debt pile is a recipe for poor returns. And then back to back profit warnings and a double results delay really raise concerns on management competence which is a BIG red flag for any company.
If they shown signs of operational improvement in next 12 months, it's definitively heading back up. They'd do well to delay the US bus sale until interest rates come down so they can get a better valuation.
He’s not exactly comparing apples with apples when the CEO has been brought into this during these head winds. In fairness the divi extension / retraction decision was made during a very uncertain macro environment, the delay in reports, albeit frustrating, is explained. The name change, again not ideal timing but part of the international visions.
Continuing to add at these levels, the sails will be turning now, the economy is stabilising, fuel prices reducing, interest rates cuts on the horizon; the worst is behind us imo.
Interestingly, i heard today the Israeli software company that automates the driver schedules, routes etc and delivers great efficiency improvements are in the middle of closing a sizable contract with the US atm. It recently fell through as Mobico was demanding favourable guarantees on their ROI. Said to be back on the table now.
Lots going on in the background, and not all doom and gloom!
Agree with you on that, it's just his summary of the CEOs 4 year tenure and the CFOs 18 months is spot on. It's amazing that both seem to be hanging on, they must be very thick skinned.
I usually value his videos quite a lot and watch most of them. But this one was poorly researched and he didn’t even take the time to dial into the call or read up on it. I agree with him that management has looked poor so far but there are also reasons to be optimistic about this stock…cosmens, na sale, margin recovery, positive fcf, high positive adj EBIT…no need to refinance or recapitalise etc
I wish I hadn't watched that.
Been saying all of that recently, and even this week about not even offering a couple of sentences on q1 if they were any good.
Unfortunately he is spot on.
Thanks so much for sharing the clip. I'm 50% down on high five figures in so can't do anything but hope for better days (or years) Management as he said is a worry and hopefully with the sale of the school buses, ALSA kicking on and Cosmen taking over, we can rise again.
Oh man he says he doesn't understand what happened with the German regulator.. what a waste of time
Thanks @Smokeytime for this link. Doing a bit of review of my old shares - this was my biggest looser 2023 - 2024 and I took a loss of several thousand. Anyhow lucky I sold in the in 90s - so could have been worse. If ever there was a lesson in poor management “driving” off the road, this seems it. I thought this share was a safe steady one and it was just terrible. Maybe mount the bus again when there is new management? GLA
Sums it up well on the situation we're in that majority of us are already aware scrutinising the performance of the company and criticising management's actions. Worth a watch if have few spare minutes from 5min:30sec onwards on video
https://youtu.be/ozdQ0Hxcr8o?si=d9KTtMrK_GMc2tHa
900 pound trains from Manchester to Bournemouth
Come on the cosmens
This climbing back up.
Let’s hope the upward trajectory continues into next week.