Member Info for JG68

Well there's this weeks gains gone

WT

Call this crazy but do you think it's possible for Cosmens to try and engineer a hostile move to just grab Alsa and leave the rest?

Of course it warrants an RNS, however trivial John Dean might think it is, anything remotely positive to improve sentiment.

5th march

Totally agree, they're corrupt btards to say the least. Glad I waited until just now to top up.

Surely a RI to simply deleverage wouldn't even touch the sides given the sp and amount of shares required?

Organic deleveraging is what they've said they will be able to achieve regardless of a NA sale.

Not sure which but broker price rise today according to Baroninvestments

All noted but doesn't definitively explain the increased outflow guidance issued in December, or where the monies from the capital one sale have gone or are being ring fenced for.

If as your summary states it's because of investment, then why didn't they categorically state exactly what debt has been repaid with those sale monies?

It's still very vague and unclear.

There were numerous non recurring one offs last year that contributed to last years outflow, cyber incident, pension deficit payments, business exits costs etc, but there was still an unaccounted deficit in the cashflow slide at FY, which suggested more out than in.

So complete transparency is required for the market start forward looking, and apart from actual debt position ie have the US notes circa 120 million been repaid which are due now, i can't see how they can accurately guide on cashflow/outflow until the whole cost saving program is complete and fully accounted for.

Regardless, as I've said every year since 21, I'm writing this year off again, giving it one more year with a bit of wheeling dealing in between to lower one of my averages.

Aimmaster

I think what remains unclear is why exactly are they cashflow negative, what are these outgoings that's are causing a deficit which is imo is why we're at 14.

Having waited long enough since December fir the share price to finally level out, I'm definitely topping up tomorrow morning regardless of price.

It's been so strong in a very volatile week.

The only risk I see is an out the blue 5% down day on nothing which usually happens on a Monday.

Laralara

Not sure exactly what she was implying by that " critical impact on FY24" statement, but "critical" sounds a lot more than 5 mill.

My main concern here is their inability to resolve the German issue in the last year which is likely now to have a critical impact on FY24 results, as stated by Helen at HY.

Blame aside, maybe 1 year is not enough time ( it surely is given the significant impact on the company/ owners).

I did sell half my holding in mid 80s because I knew this would happen.

Sitting waiting to double down again.

I agree and accept most of what you say on various forums, but in my opinion the lack of FY pre close TU, and general comms from IR give fuel to shorts and prevent any sustained sp improvement based on fundamentals.

Well i just looked at the 1 month chart / performance for a handful of companies all subject to the same macro, some highly leveraged, and compared to MCG, Pets, RTO, Evoke, Barclays, Firstgroup, all either up or flat over the last month, and MCG down 14%, all provided some form of update, good/bad ir indifferent, apart from this lot.

So yes Holy Moses it's the lack of comms especially between q3 and Fy results that negatively impacts MCG every year.

Pokerchips

Can't you accept that the improved trajectory of the sp reflected the updates provided at HY last year and then again in November, and the gradual decline again ( which is typical of the last 2 years) from a high of 89 back down to 69 is solely because of lack of comms ?

Pokerchips I have every right to feel grieved and let down by the CEO when he clearly stated that they expect the NASB process to conclude by year end last April. To then state on track 3 more times and now in February , zero , not even a brief " still on track".

It's appalling communication, fact.

And even you said yourself you were very surprised there had been no update " date for offers to be submitted" etc in November/ December.

Everything he said in his first statement is an accurate summary of events that have happened under current leadership.

I'm not necessarily talking about subsequent posts when you started trading insults.

All I know is same debates as exactly a year ago, concern about the Germany provision then, some half glass full comments about possibly it evening out throughout the year ( last year ) when the German contract addressed, and here we are a year later and nothings changed.

Pokerchips still defending the ceo, making every excuse under the sun for him, others quite validly venting their frustration like Tgirth yesterday with a completely accurate summary ,and venting frustration which is echoed by many on here, and then getting shouted down and insulted.

Facts are facts, the ceo has been a disaster for Mobico and would have been gone 2 years ago in most other companies. As someone stated yesterday his bumbling attempt at an answer during the HY update epitomises confidence in him.

Every other company has faced similar challenges over the last 5 years, so why is MCG special and different and needs more patience and time to sort itself out.

Savage has reared her ugly head on her beloved voda this morning. My heart bleeds, not

Yeah totally.

Helen Weirs supposed to keep the board accountable. In the 2 years she's been there, she's done nothing to keep basil Fawlty Garat in check.

He's managed to turn a well run dividend paying company into a dysfunctional mishap in his 4/5 years. Shame it wasn't him going.

Zero contribution , good riddance

At least the board keep investors updated regularly, what more could we ask for.