Member Info for Graviton

Odd sudden price drop today. Weird. Perhaps Coltrane still reducing ?

Well I think it has become a pig in a poke. Turnover is vanity, profit is sanity, cash is reality. The problem is we don’t know the terms or basis of the contracts they hold - they don’t seem to have a handle on them themselves. Any idiot can win contracts by underbidding and accepting clauses that will ensure a loss if the economic situation changes. A contract is no good unless profitable. Rolls-Roycd learned that lesson the hardway because thir contracts were power by the hour and no minimum baseline or force majeur clauses etc. However when flying came back so did their revenue and they cut costs. Mobico have increased costs now and presumably hold long term multiyear contracts that may now be profitless or loss making ? Nobody knows and they don’t seem to be publishing any proper contract analysis.

A good FD might sort it out to provide clarity in a few months despite the CEO. But losing one FD looks bad and like scapegoating.

Pig in a poke.

Farage is only helping to screw the country by splitting the vote in a first past the post system.

Labour will be an uncontrollable disaster.

The real problem was the treasonous response to covid supported by Labout too. £500Billion wasted on nothing while destroying the health service and education for absolutely no benefit. Where is the daily count of grandmas dying on the waiting list ? For some reason not broadcast daily on the BBC.

Is that an 84k buy by somebody after the bell ?

Otherwise with no news for 6 weeks it seems this is a play thing for the shorters.

Very odd situation is difficult to understand - appears questionable for a public company.

What’s occurring here now ? No RNS ?

Why are we down 7% on no news ?

Can’t seem to see an RNS re dividend ? When is the next divi and how much ?

Any ideas why this has dipped ?

Comment on MAB results...

‘’Analysts at JPMorgan said the company's positive commentary on the resiliency of like-for-like sales and abating cost inflation is "encouraging and should bode positively for the broader UK pubs sector".’’

No. Still don’t see it.

What is the argument for doing this globally ? I can’t see any supply & distribution benefits over a national company. ‘Upper Crust’ is a meaningless brand for a traveller from the far east say visiting a UK airport. Flowery words are one thing, delivering something cost effectively in Beijing, Heathrow, Atlanta & Birmingham Rail station better than a national chain - how EXACTLY is that possible ?

Can someone explain to me what the rationale is for a global business here. I struggle to understand how there are any synergies for a global business over a series of local/regional ones.

This is not a brand business, nobody goes to upper crust etc, unless forced to because they are trapped in a travel terminus. So not like mcdonalds or burgerking etc that have supply & logistics synergies from 1000’s of stores in any one country.

Is the global ambition here nothing but an egotistical quest for turnover with no basis for competitive advantage ?

Stonking Britvic results must be a good sign?

A pint of best & an orange juice for the designated lady.

Well FY25 might easily see £100M paid off debt, so 2026 Billion targets look realistically achievable to me.

In contrast a rights issue at this price level would be complete madness and just couldn’t raise enough to make a significant difference.

Anyone wanting to launch a takeover ought to get on with it. The picture here only seems likely to improve now.

Looks positive for the future. Hopefully this is an end to one off impairments which have undermined statutory results. I think a level of continued investment in garden facilities etc is positive and good focus on customer satisfaction. It would be interesting to know what the future benefit will be from energy costs falling in 2025/26. Although interest rate fixes/swaps provide protection the flip side is this will presumably limit the ability to benefit if and when interest rates fall. Hopefully CMBC is going to produce a stonking contribution in the second half.

Interested to see what the new man can bring, especially when you look at the success of Hollywood Bowl in providing a family entertainment venue - surely room for some pub garden family events ?

Yes, this is only a return to Jan price so far.

In theory a company with a £900M+ turnover that makes no profit is worthless, if it makes 5% profit it is worth £500M. It is the old story of the difference between two large numbers - revenue & costs.

Again in theory only, a 1% cut in interest rates adds £10M to profit & £100M to market cap.

‘’I don’t see bankruptcy as a risk’’

Are you taking the proverbial !

Isn’t the other scenario here simply an opportunist asset stripper coming in. All that is required is recognition that the sum of the parts is worth more than the whole. Simply talk to cosmens to understand what price they will pay for ALSA, then work out the sale value for NA and for the UK business. Ideally you would line up 3 buyers, or perhaps just sell NA and ALSA and the UK rump would increase in value anyway for a refloat.

TBH I struggle to see what the synergies are for a multinational operation, especially across the pond with a very different business culture.

TBH any presentation pack has been in place for weeks now, only needs updating with the figures agreed with the auditor. The announcement should only be confirming other numbers already flagged. Not sure they will say much about us sale except ‘process ongoing’. The forward forecasts for the next 2 years will be key.

Yes looks encouraging to me. Topped up at the opening at 107p.

Going to take time for the improvments to feed through but every prospect of strong rises over 18 months given patience.

I think giving a vague reporting date was a mistake, it just encourages doubt and speculation. It makes the share price a plaything for non-investors as not only do we not know the content of the reporting, we don’t know when to expect it either.

Seems to show a lack of understanding of the markets. All may be satisfactory of course as they seem a bit oblivious to the market impact of all the messing about and uncertainty.