Member Info for HorisM

The major share holders would have had a call this afternoon, and 2 things would have been clear:

The BoD have f-ed us, they must go

We would rather sell for 150p a share and recoup.

As such, behind the scenes I expect they would have placed calls this morning to their brokers to load up to average down and ensure that the 150 price region is a break even or reduce the damage

If mobico stopped operating tomorrow it would cause system collapse as a major transport network.

Can easily see a takeover for 150p coming.

ideally would like Flixbus so that it all integrates for a better EU/UK transport network.

If you think the sharks are coming to let the opportunity to pick up a major transport network for this cheap you have not see the writing on the wall with takeovers the past year.

looking forward to 150p offering.

Share price consolidated, looks like the harvested cheap shares and going to be sold into a large buyer

Blood in the water, BoD sweating bullets that the major holders will force a company sell.

Flixbus just woke up to a golden gift from the market.

Especially if there was already an approach for takeover which caused the BoD to look at disposals and dividend cut.

This will now add fuel to the fire, and expect that major holders will load up at this price to average down and with an increased holding force the BoD into takeover talks.

If Flixbus knock on the door tomorrow with a 150 a share offer then can see if happen fast.

With a lose of dividend, and being down so much, now there is an incentive for the major holders to push for a takeover.

The debt thing seems a bit of a false positive for fear, seems every company is carrying a high level of debt at the moment.

so the question becomes, is there someone that can takeover the company with a long term view, and have the cash to pay back all the debt or finance at a very low interest rate.

For the size and reach of the business with a 10 year glide place, paying £2b now seems like a bargain.

maybe we will see Flixbus make an aggressive move?

Taking into account the size of the business what price would you put on a takeover now?

£2b-£3b?

Pathetic overreaction, and happening to all shares currently.

funds are dumping the prices to pick up shares on the cheap.

The update in the face of everything was good, and the dividend suspension is rational.

Essential business going through a transition, and having to take difficult actions that long term will ensure a stronger more robust and profit heavy company.

BeardedDragon, the price dropped from 2300.

So from that to 1500 is still down 40%.

It is clear that all the "cheap" shares are being bought up, and there will be massive averaging down happening over the course of the next few days.

The company has until this week delivered a very healthy dividend, as such the big funds will want to eat all the shares up to hold for that time.

Wait to see if there is another 10% drop from here

Yes, 20% onto 1250p take us to 1500, exactly what I am saying at the moment that it will be 1500 next week.

The additional drop is just the market at the moment, we are seeing big irrationally drops across all companies.

And as for Aberdeen selling, once you factor in divided payments and what they sold at £50 a share region, it appears that they have made a profit on the 5% sell over the course of 2020-2023.

So completely rational that they sold off 5% due to risk management at the moment, plus Aberdeen off loading 5% adds free float back to the market which can be used to get the price back up which benefits them.

Overall very happy with XP Power, appears that the bad news is out so we know what is happening, and appears they have a clear path to good profits and growth.

Well 3 things:

A) Lots of companies are breaching banking covenants currently with share prices dropping on any bad news, so its become common place, and lenders are being lenient to avoid backlash or investigation for predatory behaviour.

B) XP Power is a well established company, they even announced a new distribution deal with Avnet Abacus last week.

C) Ameriprise Financial and Odyssean Investment Trust have increased their holdings, there would have both done a lot of due diligence before spending the large amounts of money they have.

Everything is relatively fine, just takes a moment for risk cutting and weak hands to clear.

The temporary dividend suspension is good to use the funds for debt repayment and capital.

Should be back to 1500 next week judging by the supply gap and re-rate happening.

Ran the math last night, and it appears with that Aberdeen made profit on their 5% sell.

Over the time of holding, including sell some at £50 a share, and the dividends made over the past few years they made a nice profit.

Their selling of 5% into the market gave more free float so new major holders can join the party.

Easily back to 1500 next week.

And mid-term perfect takeover target for 2500

Getting rid of Abrdn is good, helps to clear the dead wood and free up float for new investors.

Time to load and hold for a great rise back to the 1500 region.

Ramping is for those that have bought dog shares at high prices.

look through my history, I look for value plays and takeover potentials.

Okay, I stand corrected about the current dividend payment.

However, I do agree that using that £3.75m to sort out the company is a good move in the current climate.

Now I really do hope that Ameriprise Financial and Odyssean buy up all the free shares and use a combined holding to force the company to be sold for circa £500m.

I think we might get to 1500 by the end of next week.

Sell off was way way overdone.

And the share dividend payment is on the 11th Oct 2023, so would expect the large holders to use the payment to average down and increase holding.

Company still on track to make profit, and a solid business.

I personally would love it for Ameriprise Financial and Odyssean to take a large position and force the company into takeover talks with a rival and sell the company off for circa £500m = £25 a share.

09-Oct-23 09:37:14 Shares: 492,627 Cost: £4m

09-Oct-23 09:37:07 Shares: 492,627 Cost: £4m