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Well I suspect conversations have already taken place with interested parties. They have been fairly specific on timings etc
Not it would be a board decision for the train company of which the Cosmens would have at least one member sat. I suspect discussions have already taken place given we were mentioned in the initial press release. Things may have changed of course
Cosmens
I'd be surprised if they were to pump 10s of millions into this as an investor. Far more likely though that they are involved in the running of the trains particularly if the cozmens are one of the largest shareholders in the venture
Thanks Damofarl. Let's hope we hear positive news on this at some point!
In the meantime I'll enjoy seeing Anoh commence and receiving the healthy dividends!!
Thanks Damofarl.
Apologies I didn't mean wasted time collecting the yield / being invested. I believe the existing assets / Anoh deserve a much higher rating than the current share price without MPNU. I was talking more about the wasted management time in what seems like a never ending process.
Apologies I'm just getting frustrated with it!
Will it ever get done or are we just wasting time in a distraction?
20 months since this acquisition was announced. Total joke
As long as they are still forecasting £150m operating profit fir h2 I'll be happy with that. That will indicate circa £267m of Ebitda for h2 compared to £167m hor h1.
If they can do this and deliver on their forecast from HY, it will show improvement in alsa, UK, and North America.
If they are comfortable to go ahead with the acquisition, they must be very confident on debt overall. I will take this acquisition as a big positive.
£267m of Ebitda on H2 will take us very nicely into 2024.
Updated article from yesterday
https://espiral21.com/alsa-se-posiciona-como-rival-de-global-con-la-compra-de-1844/
Old article and different company I think
A couple of decent sized sells going through after hours today. Hopefully closer to getting them cleared
Hi joseywales. I just can't see this happening. Firstly trading is forecast to be significantly better in H2 (£267m ebitda) if I'm correct and they are still committing to getting leverage down significantly to between 1.5 and 2 x ebitda by q1 25.
Not only that but they have just reinstated the dividend. It would be a very uncomfortable situation for the board to do that and subsequently do a rights issue. I just can't see it. Their positions would become untenable. They could knock £40m per year off the debt by just cancelling the divi. There are no signs this will happen.
No Eurooean Express Enterprises? Is this incorrect or have they sold out?
Yes that disparity is getting quite large. The gbp doesn't seem to want to budge
If it got to 40p as some are suggesting it would equate to a market cap of £254m with a yield of nearly 17% at 6.7p per year.
Alternatively they could cancel the divi and buyback £31m of shares with the 5p equivelant to 12.2% of all shares. It would have a huge uplift in the SP.
If it got anywhere near this price I would be selling up other everything and piling in here.
I'm actually hoping it's a sell. The sooner our seller finishes the better. Impossible to say if its a buy or sell given after hours notification
The thing I'm surprised at is the margins being used in his model? We are now guiding 210m ish for full year on sales of 3.2billion. Hence 6.5% opeeating margin split as 3.6% h1 and 9.2% h2. H1 clearly poor as all costs taken and little recovery.
H2 should become more "normal" albeit slight weighting to h2 as is usually the case.
160m ish operating profit h2 means c 260m ebitda for 6 months. Hence can someone explain why the upside scenario is 5% margin?
I would have hoped that given results were out at the end of July that they had 1/6th of knowledge for h2. Hence it would need to be a pretty devasting final 5 months or incompetence on the part of the board to be materially wrong.
Hi trek I think its x div today. Holding up really well considering.