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ASOS short position is 1.55% lol

Thank you.

Where did you find the info about UK passengers James?

- German deal will have positive impact on adjusted EBITDA, guidance will be raised in June.

- Net cash positive for FY 2026.

-Cost savings run-rate of £100m by end of 2026

It's not some random company, Tártaro de Murera, S.A. operates as a closely-held family investment group, primarily linked to the Arribas family, who have been prominent in the Spanish transport sector for decades.

Looks like cosmen might have competition.

The new RNS holding is another Spanish coach operator CEVESA.

3 months still no new CEO, classic Mobico.

The tree has been shaking for 5 years now.

@Scad - Total debt is 1.94bn, excluding cash and the 600m RCF which is not utilised gives us the 1bn debt.

The only options left is to raise cash from investors or file for bankruptcy. ALSA earnings alone cannot pay down 1bn of debt.

Add the separation and restructuring cost it’s even worse lol

We are getting 135m in net proceeds from the NASB! The initial net of £275m will deducted 75m for lease and 65m for provision. It’s over for Mobico.

Qube closed their short position. Niceee

The biggest concern now is a global recession that will slow down travel sector and hurt profit margins for Alsa.

I have full faith in Debenhams recovery and believe it will be the turn around that will get us back to 1bn+ mcap. Inshallah!

Yes I hope so, it’s very unlikely to happen because it won’t benefit MGC.

I can’t be the only one suspecting something bad is about to happen. Share price has gone down everyday since December.

50% of the shares are held by cosmen and his Spanish friends they have the power to delist this.

They're getting the Rights Issue finalized so II get first dibs!

The cost savings for 2024 is £25m and 2025 is £50m, meanwhile we're paying 21.3m dividend per year towards the hybrid, this doubles to 42.6m dividend per year. The savings are in preparation for the reset interest rate in November.

I recommend looking at the financial covenants terms if you think it's priced in.

The 500m hybrid bond will reset on 26th Nov 2025 at an 11% interest rate. Following that in Feb 2026, 50% of the hybrid bond will be converted to debt on the balance sheet, hence 250m being added to the debt pile. School bus sale is a must by November.