Member Info for headder

You do realise even the best investors get it wrong. Don't see Vision-add blue coming to the rescue when things go t'ts-up when the bond spending money has been syphoned off & can't be paid back, or even bidding for the low margin recycling plant after the fat lady sings (she's warming up her voice).

Think I'm wrong? Explain how over $30M has been squandered on a fully operational plant that is loss making & it has taken over 3 years to do a fesability study which should take under a year! Looks like fraud to me, I'm P'ssed off & out!

With all the bearish news around automakers in EU & US, coupled with market share losses in CN markets over E.V subsidies; Do we retest the lows this Month or next when there is a trading update? Will debt climb, while adjusted earnings stay flat?

I don't think you understand todd middle; the company has been spending 10's M$ on a fesability study that gets ever delayed that should no way cost that much & take maybe a year (blames low funds). They are also tapping the bond markets for cash, loading the company up with debt which is never a good sign. Looks like the project is uneconomic, for whatever reason, the plant is more a 5 figure profit maker rather than 7, and we have all been taken for a ride. Get out while you can, I have. Been in here 3 years buying this crap from management which is likely fraud.

Ever get the feeling that with all this cash being spent, the cpmpany is being used to syphon off cash through backhanders while the fesability study gets ever delayed. Wonder if the company is going to be sold off cheap at the end to some of the directors buddies to wipe off the debt?

The share buyback will become apparent when it's time for the bod to receive their performance awards, in 2026, of which a portion is for adjusted eps. Now, that should keep the effers happy pending cyclical growth in global sales. Did you know global auto production peaked in 2017?

And another auto parts company beats earnings;

https://danaincorporated.gcs-web.com/news-releases/news-release-details/dana-incorporated-reports-2024-second-quarter-financial-results

Also of note, Dana is the no.2 drive shaft producer globally.

And another auto partcompany beating

Should get some broker upgrades soon, once they update their models of course....

Could happen here...https://www.marketwatch.com/story/valeo-shares-jump-as-profit-beats-forecasts-sales-outlook-cut-d3fde462

What's hitting the fan Tony? Gold has been near 2400 for a while & US hasn't cut rates, while China hasn't injected loads of stimulus. Also, which government is reducing spending? None in EU, US.....

What stupid!I'd nonsense is this? I expect you are mentally disabled, or just self centered attention seeking. Go away. I'D YOT.

I think a sale to address debt is the only thing

holding this up. On an ev/ EBITDA basis, this is twice as expensive as first group, which I expect nobody owns.

Thoughts, ev/ebitda of 3.2, but TIFS, which is UK listed & has similar ev debt ratio of 50% is on ev/ebitda of 3.9. I expect MAGA inc., with ev/ebitda of 5.2 and a much larger corporation could arguably afford to acquire the company....

Otherwise, I would expect the board, having come from Melrose, to continue their strategy of cutting costs and sticking to their forecast business plan of long term bank debt to ebitda of 1.5X and cautiously growing business towards ev & bhev.

I suggest you read the AGM buffa; Pages 104, to 117 I think. Bonuses are mostly for growing operating profit, cashflow, esg 'targets', shareholder retuns and growing multiples against peers. There was also a bonus for compound eps growth of 5-15% but it has to be over 3 years..... They seem pretty aligned to me, although the most recent 'vested' bonus may mean their future bonuses are in cash now they have the mandated 3X salary in shares. I think the buyback was something the company decided was a better choice long term than repaying some debt. Had hoped they would be spending more down here though.

60p? Could do. Over £180M of shares traded, since capital & regional management reduced to 5% so I think a lot of that must be retail churn as there aren't any major shareholders left. At 60p, being a business which last year managed to invest an extra 70M£ in restructuring for margin growth and still have £100M left over in adjusted free cashflow which has basically gone to shareholder returns, that is some disconnect to other businesses out there & a forward pe of 3 for 2026 according to analyst estimates. Don't listen to me though, i'm a lemming.

Look at the share register, it's been mostly retail buying since IPO, 'they' were probably hunting for stops as most of the drop was on low volume. Not saying it's going up but look, I tried catching a turn after results & took a 1% drop today trying to reduce my average & may as well have not bothered. Will try again tomorrow but could just be paying stamp duty & broker fees for my troubles as I'll have a tight stop.

I think the weakness in e-powertrain is due to Chinese ev's taking market share from European competitors as well as a shift to bhev's. https://www.acea.auto/pc-registrations/new-car-registrations-13-7-in-april-2024-battery-electric-11-9-market-share/As you can see in the link.

O K, just thought I'd share this with any holders; Price may look weak and there is a q1 update coming in the near future which may have people worried. I think Dana sales were basically flat, with margin expansion & inflation pass through driving growth, linemar also hinted at some pass through effects in their earnings update and Cummins -1% in their light vehicles segment. Reads to me that you should expect an inline update with the sector already passed fundamental lows. Operating cash flows here are 1/3 of market cap w/ divvy + buyback approaching a 10% annualised return. This is where the large share blocks are traded, below 80, so while share turnover is high with large holders looking to exit I don't think it's for fundamental reasons and while it may take some time for shares to accumulate towards long term holders I believe the medium term outlook remains positive and also believe the debt should get cheaper with a decline in the $ if the US economy starts to slow. Just thought I'd throw that out there.

Melrose? They sell aircraft bits, what a clown. You should be tracking vehicle sales and Dana in the US, which is their nearest competitor eejit.

Timing? I suggest you read the AGM & ask yourself why you own this stock. Shares don't just go up because they went down. Maybe you would do better ONLY buying stocks in an uptrend?