The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
You cannot even put Cine and Mobico in the same sentence.
It would problaby go lower, I am ready to buy more around 85p and then 79p again.
this is more like a Capita then Cine. low margin, high debt, kinda essential service.....I just had too much faith in the management which hasn't really deliver YET. we will see what will happen in the next 12 months and it all depends on the macro if this will go as low as 70's or not.
you cannot call the bottom on any stock however I think it will hoover around 90's for quite a while.
It will take a while for this to play out, maybe even a few years.
I always intended to hold for a few years anyway however is hard to see this going lower and lower.
You need to have the stomach for this stock but it will play out eventually.
I must agree with JG68 on this.
it almost feel like they always bring something bad forward to erase all the good news, plus is like they do not want to post a decent profit ever obviously for tax purpose. I think that's why they offered a dividend as big as this, they hope to keep the shareholders while always trying to minimise the profit somehow. at some point they will post a big jump in profit however we do not know when that will be.
I have just bought some more.
when it comes to this the market is not forward looking at all.
I am getting 6.7% on this shares every year without any share appreciation and close to 0 chances of going out of business.
let is slide and look the other way for a few months.
Exactly, I don't know what people were expecting.
This is not a high growth stock, and no one is actually happy about a 6.5% dividend??
What I see here is that traders are not happy and long term investors see the value here.
Free cash flow at 80 mil that's the most important think.
I wasn't a blow out and I wasn't expecting one.
I get the traders who bought this for the results are nor excited however with this results and a 6.5% dividend I am happy.
They've also issued 358m of share by the end of 2009 and the share price went up for the next 10 years. I am not saying it's gonna happen again in the same way however what is counts is the Eps. if the eps gets back to 25p the number of shares are irrelevant.
there is a cycle of expenditure and there is one of profit. how I see it the profit one will follow the expenditure one. for example they have spent huge on fleet for Marocco and ALSA but its not gonna carry out at the same level in perpetuity.
we will have to wait and see.
The 16% in pay rise was only on a small part of their business.
Alsa, Morocco and other areas have not got the same rise and that could easily be offset by the fuel cost which I know its hedged however they must have take advantage of this low prices and hedge further.
It feels like someone is trying to force a sale of part of the business, and I would assume that part will be the US side however I could be wrong.
I wish they've had enough money to pay off that 400m bond then everything would be great, but I don't think that is possible at the moment.
The continued decline is not encouraging but for me this is either a 0 and assume my mistake or reverse to the true value in which case I will get a nice dividend and a decent return.
Just my thought.
I am not one to write a lot on forums however I would like to say I have done extensive research on this, I MEAN BUFFET STYLE.
I drove to airports, some of their location, booked tickets online, trying to get a seat at all the festivals it was almost impossible. all the buses were full so unless they are running all of them at a loss I don't see how they will not make a decent profit this half of the year.
Of course I could check Spain and other location however this was the strongest summer for travel and the fuel cost has gone down.
The only way the share price is reflecting the true value is if the management screwed up big time.
We will have to wait and see however it does look like a lot of thinks are happening in the back ground.
The share price is in no man's land now and it could drift to 65p maybe, I don't know however like you said I will wait now until the 70's and double up and just wait after.
I have kept adding twice a month for the last 3 months and I never thought this will be in the 90p area.
It will take a long time for this to play out.
To be honest it does make me wonder as well who is selling at a loss every day....un less they buy and sell in the same day to keep the price low.
Any stock can go to 0 and that needs to be taken in consideration however they have 300mm in cash and with a good first half they could almost buy the whole company back, really weird.
I added 20% to my position as well.
This is ridiculous and it might touch 65 at which point I will double my position.
You have to think you will be getting a 15% dividend in a couple of years and they provide a service that is indispensable.
Let them play their games.
When it comes to top up I keep it very simple. For me it was a cheap company at 1.25 and nothing has changed except the 0.5bps of rate increase therefore I buy every 2 weeks as long as it stays below 1.25. It might go lower, yes however timing the market its hard and with this approach I take the stress out.
People need to stop with this takeover nonsense. it might happen it may not. this is what happens to stocks when there is no news if the macro is worsening and it can carry on for a long time and yes most people will sell hence the reason that few make money on the stock market.
debt is high and interest rates are going higher which is all bad-for now.
in the long run I think this will be fine and they will not take of the dividend either as some mentioned. no-one brings a dividend and takes it off the table a year after unless people stop using busses.
but guess what, while mortgages are going higher people will stop having 4 cars per household and a lot people will use busses.
it remains to be seen. I am happy to collect 6% on my money for a few years until all settles down.