Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Or pretty much since Garat was appointed. FGP had a stronger post-vaccine recovery and managed to keep it going, but MCG has fallen continuously since the Delta variant emerged.
The management have been failing this company since May 2021.
https://www.google.com/finance/quote/FGP:LON?hl=en&comparison=LON%3AMCG&window=5Y
Need more IR like MNZS—they were always releasing RNS about new contract wins and expansions. MCG basically sticks to the regulatory minimum...
They need to refresh their IR strategy as well.
This is the only news I could find that corresponds with the 3:15 drop and general weakness in the travel sector today:
https://twitter.com/DeItaone/status/1559906483550158848
https://www.route-one.net/operators/national-express-coach-coming-back-strongly-says-md/
Oh, it seems that EEE is owned by the Cosmen family, and Jorge Cosmen is currently the chair of NEX's ALSA division.
European Express Enterprises is a private equity firm and their most recent filing reported total assets minus current liabilities of £151m. I'm not really sure how they funded this new acquisition or why a PE firm of this size would have ~£133m in a single stock... it's very bizarre.
Those £1-3m transactions that appeared after hours were all listed as NPFT (non-price forming transactions) on London Stock Exchange.
Back down again... something very strange is happening with this stock.
I can't find any news that would cause this, but then again there wasn't any reason for the fall from 200 to 176 yesterday. Maybe we'll wake up on Monday with a takeover RNS... :)
Unfortunate, but at least I can commit fully to NEX now.
Unfortunately, recent Australian equity markets have been volatile and external events have adversely impacted the Kelsian share price since 14 June 2022 when Kelsian first announced it was considering a possible offer for Go-Ahead. The Kelsian Board consider that Australian equity market conditions at this time do not enable Kelsian to pursue a possible transaction for Go-Ahead despite the long-term strategic and economic rationale of the potential transaction for Kelsian.
I just noticed this: https://www.lse.co.uk/rns/GOG/revised-norway-rail-contract-j0w0yjx0cktperh.html
"Go-Ahead is pleased to announce that, following discussions over a number of months, a new agreement has been reached between the Norwegian Railway Directorate and Go-Ahead Norway A/S, regarding the structure of its rail contract.
Under the original contract, which began in December 2019, the revenue risk associated with changes in passenger demand rested with Go-Ahead. During the COVID-19 pandemic, the Norwegian Government provided financial support to rail operators, preventing material losses.
The amended contract takes effect from 1 July 2022 and runs for the duration of the original contract, until December 2027 (plus a two-year extension option until December 2029). The contract provides a revenue support scheme until the end of the contract. The amended contract also includes an incentive scheme linked to revenue growth. As a result of these improved contractual arrangements, the Group expects to significantly reduce the £66.2m onerous contract provision relating to its rail operation in Norway in its full year results for the year ending 2 July 2022."
Just broke +100% profit on this. :)
@Nacho99 GOG was approached with a buyout offer.
Back in the red because of a completely unnecessary and unplanned trading statement that didn't even say anything new. Everyone knows there is inflation, driver shortages and wage increases, so how was this not already priced in? I'm so sick of this stagnant share price.
- Partnership will explore opportunities to bid for bus contracts in Paris
- The French market was identified as a priority under Go-Ahead's new corporate strategy
The Go-Ahead Group and Groupe Lacroix & Savac have entered a strategic partnership to explore opportunities to bid together for public transport contracts in France.
Under the partnership, the two companies will target the market for bus services in and around Paris, where the city authorities have begun a process of putting routes out to tender as state-owned Epic RATP will lose its Paris bus monopoly in 2025.
Go-Ahead identified the opening of the French market as a priority for new business opportunities in The Next Billion Journeys, its recently published strategy. Lacroix & Savac is an established operator in the Ile de France region with more than 80 years’ experience.
Christian Schreyer, Group Chief Executive, The Go-Ahead Group, said: “Go-Ahead’s strength lies in running busy commuter transport services, and a key part of our strategy is to explore new opportunities in bus and light rail. With an outstanding track record and deep local knowledge, Lacroix & Savac is the perfect partner for us to work with in France.”
Stéphane Guenet, President of Lacroix & Savac, said: "This partnership will allow us to benefit from Go-Ahead's expertise in mass transit and in entering urban areas that are newly open to competition. This will help us to adapt our offering for the Paris and suburban bus networks, which will be operated on behalf of Île-de-France Mobilités".
https://newsroom.go-ahead.com/news/go-ahead-group-and-lacroix-savac-agree-strategic-partnership
Nobody wants to buy GOG... :(