Member Info for barneysmb

@HarChris, i agree, who even creates an account, has

I can recall seeing this at £1.46,......£1.15.......90p.........80p....and then 60p.

Thought £1.15 was a bargain and couldn't go lower........and here we are 28p

I'm here till the death but .......lets just hope we're not seeing 15p in a year.

@jnc0108, i got the impression paddyboy went all in with his SIPP, not heard from him for a while - let's hope he's a long way off retirement !

I'm sure paddyboy knew what he was getting into though and the risks.

I'm in for 45k with an average of 1.36, which i personally wrote off a long way back - lesson learnt, eggs in one basket and all that.

Literally a flip of the coin between this and FGP.

I'll ride this either all the way to the bottom now .....or LTH to Glory :-)

Https://www.eleconomista.es/transportes-turismo/noticias/13339234/04/25/los-cosmen-fuerzan-la-salida-del-ceo-de-mobico-matriz-de-alsa-tras-perder-960-millones-en-2024.html

"Is there an easy way to translate the article into English?"

Yes, right click in browser and select "Translate to English"

The Cosmens force the departure of the CEO of Mobico, Alsa's parent company, after losing 960 million in 2024.

- Alsa and WeDriveU lead the group's growth despite the German burden

- The group achieves adjusted profit, reduces debt and improves its free cash flow

- Mobico, Alsa's parent company, sells its US school buses to I Squared for $535 million.

Mobico , the parent company of the Spanish transport company Alsa , announced this Tuesday the immediate departure of its CEO, Ignacio Garat , in a context marked by a deep accounting deterioration and the sale of its school bus division in North America . The group, owned by the Cosmen family - founders of Alsa and the largest shareholder in the British group - has recorded net losses of 793.8 million pounds (around 960 million euros) in the 2024 financial year.

According to the statement sent to the London Stock Exchange, Garat will remain for three months in an advisory role . His departure follows the signing, last Friday, of the agreement to divest the North American NASB business for a value of up to $608 million. Through this transaction, Mobico seeks to reduce debt and refocus its growth toward Europe and the United States through Alsa and WeDriveU.

Ignacio Garat is leaving his position after four years at the helm of Mobico . With over 28 years of experience in the logistics sector, he previously held management positions at FedEx and TNT in Europe and Latin America. He holds a degree in international business from the American University of Paris and postgraduate studies in business administration from the University of Warwick.

The previously designated non-executive chairman, Phil White , is taking over as interim executive chairman while the board searches for a new CEO. In his initial remarks, White stated that his goal will be to "accelerate the pace of operational and financial improvements, appoint a CEO for the next phase of Mobico, and ensure the inherent value of the group's portfolio is better reflected."

Germany and the US hamper Alsa's success

In parallel with the announcement of the leadership change, the company has published its final annual results. Despite recording an adjusted operating profit of £187.7 million, an 11.3% increase over the previous year, the accounts were weighed down by a series of non-cash accounting adjustments, including the impairment of goodwill in the North American school bus division, the loss of deferred tax assets in the United Kingdom and the United States, and new provisions in the rail business in Germany.

Mobico's consolidated revenue reached £3.41 billion, an increase of 8.3% at constant currency. The group particu

Full article is behind a paywall but...Interesting "Spanish-take" on who recruited Phil White...

"The Cosmens have already chosen who will succeed Helen Weir as head of Mobico...."

https://www.expansion.com/empresas/transporte/2025/03/27/67e506b8468aeb78538b4578.html

Anyway, at least one of the clowns will has departed the circus :-)

XxxAccountant

made me chuckle - the "remainco" reference in that article :-)

Wonder if anyone will push to rename back to National Express...doubt it's high on the priority list though

Four of 6 brokerages rate the stock "buy" while two suggest "strong buy"; median PT is 80 pence - data compiled by LSEG

Wonder if Dean Finch fancies dipping his toes back in this water now....:-)

"This year they keep silent until it’s oven ready....."

We can only speculate that this is the strategy.....in the absence of any news or updated financial calendar

There are generally balls in the air with a lot of companies, the example company given usually has plenty, yet they have a results event in the calendar.

I agree though, not a good look to give a date and then delay it......wait ....didn't Mobico do that last year :-)

I could personally be content with no financial dates, if in general company news was a bit more forthcoming from time to time.

Many other companies do let investors know, when to expect results though.

I can forgive being a week or two either side, trouble here is, we never know when.

one here picked at random.(from a well run company)

https://www.thewosgroupplc.com/investors/financial-calendar/

Is LSE short info broken ? -

I thought a number of shorts increased recently, now showing only MW increased, both Qube/GLG decreased.

Moving on up...

"Those set to exit the FTSE 250 are clean energy technology developer Ceres Power, bank, broker and asset manager Close Brothers, Carex owner PZ Cussons and oilfield and engineering services provider Wood Group.

Replacing them are food delivery firm Deliveroo, US-focused natural gas producer Diversified Energy, transport operator Mobico and DNA and RNA sequencing specialist Oxford Nanopore Technologies."

@Quickdip - sure and welcome back!

Be positive & respect all viewpoints - chat history holds us all to account :-)

I for one say this will get to £3.... one day......you can pull that out of the chat history in a few years.... hopefully...

Point is - even a broken clock is right twice a day.

Your past predictions, alongside the 50p one

18 Apr 2023 18:35

.... It’s irrelevant to me if the SP is £1.15 or £2, its not enough for me to sell regardless. Much like selling a house, you get the low ballers, but you know what it’s worth and hold out for a decent price. It will come.

4 Apr 2023 05:07

I reckon we’ll see a big uplift much sooner. The market realised how undervalued this stock was....

3 Apr 2023 13:19

...we don’t have any more debt than we’ve carried over the past 30 years. Interest rates have returned to normal (pre 2008) when the SP was £4-5. Its just been a knee-jerk reaction from the markets to sell out. It will recover to at least £2.50 in the next 12 months IMO.

Quickdip - i recall you spouting lots of predictions for MCG and eventually got sub 50p right

You also said at one point it'll be over £1.50 - so "eventually" one of them is going to be right.

Not exactly a valid claim to "i called it right"

I would have thought that news trends do have some impact on the share price.

Perhaps not one or two small bits of news, but a collective, positive trend, positive indicators...

Certainly the "absence" of news is noted - at least on this forum & perhaps by the Market if comments on this forum are correct.

But then a share price never follows what we PI's see as logical :-)

"Well at least we know it's now the 7th November"

I missed thats, good to know ! God bless this forum @JG68

I actually left a comment on one of their linkedin posts less than a week ago complaining about lack of financial calendar updates....wonder if someone is listening finally !

Doubt it but, just maybe :-)

I don't think anyone is expecting to be spoon-fed, least not personally.

News feed-wise - i'm referring the likes of Reuters, MarketWatch, Business Wire, Simply Wall Street, Standard etc etc

There has been some few and far in-between news updates - but not a great deal over the last few years.

In contrast to other companies i'm invested in - Mobico is at the bottom end of the spectrum news-wise.

We've seen the odd few since Helen joined, which is better than we've seen historically - i just feel Mobico could shout out about themselves a bit more and raise their profile.

I'd settle for seeing

a) regular news updates

b) timely rns updates.

Then most of us wouldn't need to hop on this forum & speculate.

Agree, it will come when it's oven baked & ready, trouble is investors have no reliable timeline - or meaningful progress update.

I can wait 2, 3, 4 years for that, to happen, i've been here for 3 years or so already.

Hopeful that Helen Cowing is a force to be reckoned with internally and get's the folk at the top on her "turnaround bus".