Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
"Also if the new CFO arrived & made a statement regarding her plan of action & the SP went from today's SP to say 80p in a day. Would you sell all your shares there & then?"
Other that announcing a NA sale that is highly unlikely. The accounts are pretty complex and its difficult to state a plan of action that drive the SP up in a day to 80p... Its a non serious statement to make
Reply
It's easy to blame the management but I think its more about macro economics and a poor business model (that was set in place before the present CEO and CFO). As an investor I didn't read this right .. Some people also have outdated views on British business these days
I think Cosmens are just averaging down as much as anyone else .. They just buying when there is a new all time low
Payback for accepting the strike terms. Its good money but it depends if it is enough, which we don't know. If it is the unions will come back asking for more
I'm beginning to think that this company works in such highly politicised areas that everything has to be a secret.
"within 2025 of having some economic direction and stability would be a better option for making any decisions to split and sell these divisions"
I don't know. Labour Party with a super majority :shudder:
There isn't much political stability prospect in the US with Trump or Biden
Business needs to plan for all contingencies
It does go back to the name change which suggests a secret plan
National Express was a buyout of the National Coach Company ( this was a state run operation back in the good old days) . They bought West Midlands Travel and rebranded it National Express West Midlands.
The National Express brand has huge intangible value and has no impact outside the UK . It does make it easier to split off, because that's what you are selling.
We shall see - In the goodness of time
Anything in the Spain / Portugal zone is (or will be ) good business and Cosmens probably have the market all sewn up.
It's the other areas which are a bit worrying
The Canary Islands project looks a good one
No problems with that. It looks like they want to provide more bus services instead of hire cars . Maybe these things need to run for a while
"pipeline of growth opportunities ...."
that's wrong to say that. When you bid for contracts the conversion rate is a usually a small fraction, unless the market is seriously underserved
"but the sellers wanted Cosmen/Alsa to have it ,"
everybody in Spain / Portugal in the transport business must know each other and the Cosmens.. Its a bit cosy and why not..
Cosmens' man.......
Ignacio has more than 28 years’ strategic, commercial, operational and business transformation experience in the freight and logistics industry. Previous roles include CEO Spain & Portugal and CEO Brazil at TNT and Senior Vice President for Southern Europe, France and Benelux at FedEx. He has a track record of leading international, complex, operational businesses to achieve clear strategic purposes, adopting an inclusive management culture in doing so aided by his focus on people.
Ignacio has a degree in international business from the American University of Paris and a postgraduate diploma in management and business studies from the University of Warwick.
This company needs to be more software process driven. Its got 44,000 employees and they can't all be driving buses
Other big outfits with lots of staff are doing this. On BA / Terminal 5 Heathrow its impressive how the check-in process has been redesigned. At some point they are going to get rid of everybody working there and use facial recognition to manage the process. You won't even need a boarding pass
MCG needs fresh thinking in this respect. The high cost of wages and staff shortages require greater productivity. That requires new management. Maybe MCH should get some Chinese consultancy, that's probably where the bleeding edge in managing people is right now.
Oh man he says he doesn't understand what happened with the German regulator.. what a waste of time
"likely"
I bet the people haven't read the small print
LSE may be in a death spiral but Insurance seems fine
Insurer Lloyd's of London swings to $13.5 billion profit in 2023
https://www.msn.com/en-gb/money/other/insurer-lloyd-s-of-london-swings-to-13-5-billion-profit-in-2023/ar-BB1kFJSb?ocid=msedgntp&pc=DCTS&cvid=1d614622d1604b3b8b314b891c6801e6&ei=6
Yes a diversified portfolio these days means NYSE and NASDAQ as well
PC: "The grants/subsidies on German Rail are being cut back,"
source for this . It seems very likely as Germany is running huge budget deficits
I wonder what the exposure (to subsidy) for the UK is? That would be UK buses not coaches. They can't just raise bus ticket prices to compensate not when there is a General Election nearby
Interestingly FGP has this issue as well - what if all their lovely rail contracts disappear with Rail nationalisation ?
"To me it seemed like they tried to keep everything focussed on why they pushed back the earnings release rather than going into details on outlook or other things."
I think that's the correct approach. It would be possibly misleading to make empty statements about a "potential" sale process . It happens when it happens
It is trading on the NASDAQ with the ticker DJT - unbelievable !! . YTD its 234% up
Several people yesterday (and the day before) said they had bailed out of this low margin socially useful public service utility with high ESG credentials ( apparently) .. I'm sure they would be looking at different investment opportunities
I wonder how Trump would handle the German regulators ..
Trump Media & Technology Group have surged more than 40% in its debut on the Nasdaq. It’s now up nearly 100% over the last 5 days and 375% in 2024.
I don't think this company is comparable to RR.
RR has a huge installed base of aircraft engines which it has service contracts for.. This is proprietary tech
It still is a leading engine manufacturer - there are only 3 engine manufacturers - General Electric, Pratt and Whitney and RR. Now airline would like to see RR go bust - they need at least 3 competent suppliers
Its a pretty irreplaceable and it would come roaring back.. This is my analysis in hindsight of course. Should have moved into RR from MCG in the beginning of the year, but even now there is still room to grow there
MCG is similar to services and retail companies like MKS . Its got a strong brandname and well positioned in markets .. It can bag multiple times from here but lets be under no illusions. If it goes bankrupt that's it
It depends on the strength and discipline of management to hold its position and grow the business . That's why the inability to agree and present FY results gets a downgrade . its just a bad look . I think that happens because many places are becoming difficult to do business in , but also MCG took over rail franchises in Germany without having a long term strategy here > What's it supposed to achieve ? This is one downside - bad regulatory environment ..There is absolutely nothing you can do about it except withdraw (over the long term)