Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
The performance of RR can be understood by the fact that they sell goods and services that aren't really replaceable ( substitutes can't be found).. Sooner or later they would come roaring back .. Even tech majors have this underlying problem - a search engine is great till a better one comes along
the fact that MKS had an excellent year 18 months gives me optimism that this dog of a share will turn around . Because its hard to see what distinguishes MKS from its competitors .. OK we should never underestimate middle class branding but even then it doesn't make it that special
If you place a limit order, sometimes it orders in very small quantities
Volume at around 400k shares is pretty normal for this time of day
not sure what's causing the price spike . It isn't a buying surge but maybe an absence of sellers (fewer sellers)
Lucius you are the new technical analyst here
move over Hindy :-)
At first it read 26 March but they seemed to have changed it.. Last business day in March
bit fishy
£50 million cost savings !!
. was there an executive jet to manage this global empire ?
"Why RR and so many other were in 60s"
RR has immense IP that cannot be readily replaced, if at all . It was a given that it would bounce back hard
Lara - yes then why are we here in this situation at 67p?
US school buses are always going to have a problem with finding drivers .. Its a tough job because of the hours - 4 hours morning and 4 hours evening .. That makes it a long day for a low pay job
PC: fair point and the FY results refer to the past . But forward guidance will have to deal with a slightly higher interest rate environment, and for longer, by the looks of things.. That also implies higher inflation and so son
Lara: Margin increased in H2 and will increase this year as well along with revenue.
Nationwide have just increased their interest rates marginally so its not a good environment for margins unfortunately . Low expectations unless there are good cost cutting savings to be found .
e.g. 4.25% to 4.5% for 1 year ISA deposit , and 4.0% to 4.2% for 2 years
JG
its next Tuesday not Thursday. I think the stress is getting to you , you're starting to ramble :(
Q3 Trading Update
"In line with the Group's disciplined capital allocation, focus on deleveraging and enhancing growth, the Board has decided to prepare the North America School Bus business for a potential disposal, given its operational momentum and positive trading trajectory"
doesnt sound like they need to sell it
The share price should rise as they increase their stake. In theory but you never know with this share
Iits possible they will offer something like 150 as a sort of take it or leave it offer if they can raise the finance.. Bear in mind they will have bought atleast 30% of the company for 80-90p so its still a bargain
Hostile takeover is where the board does not support the takeover . Can you imagine Garat and Co doing that ? Many people here are suggesting he is a proxy for the Cosmens anyway
"Does anyone envisage a hostile approach of sorts?"
No not really, Garat will just rollover . Plus Cosmens are on the board
R
"Rule 9 requires a mandatory offer to be made in cash (or be accompanied by a cash alternative) and at the highest price paid by the bidder or any concert party for any interest in shares of the relevant class during the 12 months prior to the announcement of the offer."
so what does that mean - they offer something like 80p-90p ? I cant imagine they have paid more than 90 p in the last 12 months
Very true this SP should now go the other way
the Cosmen support has solved the mystery of the apparent lack of shorts however.. Without them this would be in the 40ss
Yeah
lets hope they gain managerial control
Pc
""I see Cosmen´s buying Voting Rights and a view to better returns by 2025....
"your horizon might be counted in days, weeks or months ...theirs in years !"
weren't you accusing the Cosmens as the party responsible for the premature divi a few weeks ago.. Do you just make up platitudes ? :lol: