Member Info for m007j

Stock is getting slammed. Feels like market makers want to take this back to 13p

Why the big sell-off? Down from over 95p to 70p

Market makers trying to take this stock down

Galliford Try announces better than expected trading. Galliford is a peer of Costain. Costain should also be enjoying buoyant trading conditions.

I guess the those with short positions must be suffering a bit. I hope they are OK

Now the company has dropped out of various FTSE indices and the tracker funds have exited we should get a re-rating of the stock. Probably back towards 70s level

Mobico Group Plc(LSE:MCG) dropped from FTSE 350 Index

June 23, 2024

© S&P Capital IQ - 2024

Looks like selling pressure should be finished from today. That large UT on Friday was the last of it.

The company does not go into the market to purchase shares which it awards to its executives. It simply issues new shares to its executives thereby increasing the total number of shares in issue.

Operating Profit............ 419m (including added back depreciation and amortisation)

Capex:.......................... -197m

Lease Payments.............-56m

Tax..................................-26m

Working Capital............+20m

Free Cash Flow (FCF)....160m

Interest..........................87m

FCF After Interest .........73m

What other items should be subtracted from free cash flow?

Ok so total interest cost is £87.7m. This can easily be covered by Mobico's cash flow which is £160m. Because £160m is greater than £87.7m.

Feels like moneymule888 is short and scared. Get ready for some pain, moneymule888. Maybe you should go back to playing online casino at 888 with the other plebs. Leave the investing to the grown ups.

Using your numbers Poker Chips - net interest is £61m and the interest on the hybrid is 21.3m. If you add those numbers up you get £82m. Which is the number I gave below.

Careful not to choke on your Pokerchips

Why don't you have a look on Investopedia? Hey Pokerchips

So Pokerchips

What is the annual cost of Mobico's debt (including the hybrid debt)?

Sneedway, Mobico generates free cash flow before interest of £160m per year. The company's total interest cost (INCLUDING interest on hybrid debt) is £83m per year. So after it has paid its interest cost, the company will still have generated £77m. This money (£77m)can then be used to pay down debt or for dividends.

My dear Sneedway, free cash flow is the only thing that CANNOT be manipulated. Because at the end of the year the cash is either in the bank or it is not. So you are totally wrong.

How low can this go?

If you are right moneymule888 this could be very bad for the company. You are saying, based on your forecasts, Mobico will not be profitable in 2024 but will actually turn lost making. Is that right?

Not sure how it can go bust when this year it is forecast to generate £160m of free cash flow. That is more than enough to cover its interest cost which will be £80m.

Strange - Mobico has net debt of around £1.7bln and a market cap of £282m.