Member Info for Locky82

In hindsight I think they played a blinder. I didn’t agree at the time but nothing would have been gained by stringing out other than demonstrating their weak position lol. There will be zero public support in Birmingham, judging by the comments in local papers, for them to return to the negotiating table. I hope the pay deal would have bought a bit of good will with drivers and the union.

But ultimately your cash is still losing more purchasing power through inflation than you make in interest. So although safe it’s no good for someone looking to increase wealth.

Tbh they did explain why it got worse and are confident of improvement moving forward. I have faith in the board as they’ve generally delivered on what they said. It’s the market that think the company is done.

Anyway I’m not concerned with the short term, I’m buying this as part of a long term strategy. I have time on my side and I think the risk/reward profile here is as good as it will ever get for my appetite. I’m never going to take a punt on an AIM listed company. I think IIs have at least 22m more shares to dump so we may not have seen the bottom just yet. But I think it’s going to be one of them ones where you scroll through old charts, like AAL in 2016 and think which lucky sods got in at £3 a share…

you are such a bore quick dip. i’m bullish, but i really can’t be ****d to go over it again. ok briefly

trains are as expensive and as unreliable as ever. ne the uks best known coach company and is well placed to grow.

has a monopoly in birmingham bus. wm has an outer population of 3m+ people which will continue to grow. as a major european city will suffer with congestion and poor air quality so buses will always be subsidised. also if there isn’t a ulez/congestion charge, it probably isn’t too far away.

holds a monopoly on spanish coach and buses in many spanish cities. same as above…

2nd largest student transport operator in na, this is a customer base that can’t benefit from hybrid working.

the company has £300m in cash and declared a loss of £40 in h1 with expected improvement in h2. hardly ploughing through cash so the administrators are at least a couple of years away, worst case. also the gov would have to step in, which company is going to take that contract when the legacy company couldn’t make a profit and get it up and running without disruption to people’s livelihoods and children’s education.

the sector requires no r&d and isn’t at risk from ai.

the negative is the debt pile in a rising interest environment however that the only reason we’re getting them cheap, however my fear isn’t losing my capital, it’s not taking full advantage.

Just to add I spent an afternoon going through alsa and renfes sites a couple of months back, I thought the price drop may be in part to the Spanish Gov help on travel, with alsa customers choosing to the train. What my research actually revealed is just how expensive the train is in Spain, which came as a complete surprise to me.

Marketscreener is showing M&G as holding 3.6% (22m) shares. I don’t know if this site is reliable but if it is, it appears they are completely exiting. So probably expect the price to fall a bit further.

Same. I’m 25% down here and not fazed, Im hoping this to move sideways for an extended time to allow me to continue to accumulate. Long term I see this my opportunity to retire earlier than planned.

Divi should be cancelled immediately, no value giving M&G £500k. Buyback instead

Well it isn’t going to hurt is it. Let’s take the positives where we can.

Quite happy to continue adding and don’t mind it remaining suppressed for a while to give me a chance to build a meaningful holding. The only downside for me at this price is the trolls on here. This was a pleasant board at 130s, now it’s full of the nut jobs.

I’m convinced it will end in a take over now. Can see flix picking it up on the cheap. Another solid UK company (potentially) sold overseas for peanuts.

No chance

The things is with the ‘no buys’ agenda, the buys always outweigh the sells… is that data just meaningless in reality?

I don’t think they’re hiding bad news. I don’t think it’s rocket science really. The SP had been hammered because the market thinks they’re over leveraged. They release lose making HY report that really evidences they’re right. I’m holding and continuing to buy btw. You research this company at any point and they always seem to be in eye watering debt. But you can see the revenue growth is there, they just need to convert a bit more. It’s frustrating but I don’t think we’ll see cash raises or dividends being cut. I really do think they are missing a trick at the current price by not buying back, even if it was the 6m interim find, that way if some nasty is lurking in the future any action would already be mitigated against.

Same, grabbed more today knowing full well they will easily drop more than 1.7p tomorrow. I’m a sucker but I still think I’m less of a mug than the ones doing the selling… I’m clearly not

The fact there’s been no pause when that looks sensible at the moment suggests to me that they’re in a rush to get the interest rate tool back in the tool box. I’ve had to buy more this morning

Incredible really, getting tobacco yields on a bus company. The fear is real here so I will continue add, yesterday was ok, rising rates and wage inflation have hit the bottom line but the price increases haven’t worked through yet. Since I’ve held these shares the management team have delivered what they said they would am I’m sure end of year results will be in line with their expectations.

Imagine selling this morning, that would be crazy imo. The results are alright, not great but certainly not disappointing, and don’t warrant a 10% fall. More opportunity, I just wished they’d updated us on payday. Wouldn’t be surprised to see back at 105s by the end of the day

8.2’s baked in

Where’s cheaper? Everywhere has higher rates, once you factor in forex rates and other fees it probably isn’t worth it

On a side note I can’t say I’m experiencing the (soon to be reported) inflation levels. Things seem to be calming. I think the sensible policy would be to pause as they've potentially already over tightened but the poor decisions over the past 15 years at the BoE and other central banks seem to be by design, not a chance they’ll stop now!

But the good news is I get to continue hoovering up good quality shares at discount. Im all for the unelected numptys at the bank plunging the country into recession. Let’s get some of the land rovers mums down the school onto public transport!

Bring on the 80's. More than happy to continue averaging down. These are the opportunities where the real wealth is made if you've got the stomach for it. The company has enough financial runway to comfortably get to 2025 without any extreme measure.

That’s not right! There were 304m issues in issue, dunno where you got 140m but I suppose you’re still right in a way, it could drop further. 2023 market cap couldn’t field you 11 mason mounts. 2009’s would have got you 11 berbatovs, that’s how I’m finding my value! Lol