Member Info for m007j

The Cosmen family raised their stake from 12pct to 21pct between December 2023 and April 2024. They increased their shareholding from 73m shares to 123m. Looking at the timing of the RNS statements they paid an average of around 65p for the extra 50m shares they bought (£33m). £33m is not a small amount of money. Keep in mind they know the company very well and have been investing in the sector for hundreds of years.

https://www.theguardian.com/business/2009/jul/24/cosmen-family-national-express-shareholders

My guess is that the Cosmen family will do well from their recent investment in Mobico shares.

Have you been at the sherry again MaryBR190? Or are you speaking in tongues? Not sure what you are trying to say? Or did you accidentally sit on your keyboard?

"Accumulating book" - what does that mean?

Feels like there are a lot of posters on this board wishing that East Imperial shares were not suspended from trading so that they can add to their holdings.

Https://www.cityam.com/mark-kleinman-why-the-citys-bonus-cap-move-may-not-deliver-brexit-bonus/

The second article

Would the majority shareholder table a bid for the whole company?

RNS confirms the buyer yesterday was Rank's biggest shareholder who now controls over 60% of the company up from 57%

I can only see the 23m shares trade at 71p

If he is looking to take it over now would be a good time. Valuation is far from demanding.

Someone just bought a 5% stake at 71p (23m shares)!

Who are the conspirators working away to keep a lid on Foxton's share price? And why are they doing it?

Could it go into the 40s today?

Could be in the 40s soon.....

Big buy order at the close - 632k bought at 60.05p. What is that all about?

Can anyone tell me, what happened to the Chariot oil acreage it had in Namibia. I know it had a massive failure in Namibia but then it held onto some acreage which it never explored. Total and Galp have recently made some massive oil discoveries in Namibia.

I do not understand why everyone is getting so hysterical about the upcoming results. We know what they are going to be because the trading statement on March 25 was very detailed. The delay relates to the group's German division which accounts for just 3% of EBIT. Although it is a tiny part of the overall company, the auditors will not sign off on the results until the German accounting issue is cleared up.

For the FY 2023, Mobico will have generated around £135m of free cash flow before interest. After interest on debt (which will be around £60m) cash flow remaining to pay down debt should be around £75m.

Why all the hysteria?

Countingcards, it is over. The company has gone bust (ceased trading) because on a monthly basis it spends more than it earns in revenue. This has been the case with this company for the past decade since it was founded. Burt never managed to come up with a viable business plan and was too stubborn to change. Since listing in 2021 he spent £9m of investors money. The company said after the January fundraise that the £300k it has raised would keep it gong until April. Well we are in April now and the company as it warned has once again run out of money. It is a shame because it has a super product. Unfortunately, the quality of the product was not matched by similar quality among the top management of the company.

It's over. Shareholders will get zero. The Chinese, who are secured lenders, will get the company.

Countingcards, you sound like the kind of guy who gets greedy when others are fearful. That is the Warren Buffett style of investment. You buy low and sell high. But you must be careful not to buy low and then it goes to zero.

It will me a miracle if the stock holds above 0.20p today given the deluge of selling. Only a Burt resignation can change things. But I fear it is even too late for that. What a waste of a great opportunity. Burt is a man who has proved himself to be seldom right but never the doubt. A deadly combination.