Member Info for Paddyboy1

I'd expect it to rise. 2 shorts on the down can only be good news. I'd like to see Wace go away though. Got to hand it to them they always seem to nail it on the shorting!

Shorts reducing as i thought. Probably explains the rise early doors. Expect further reductions during the week. Been pushed too far down & dip being bought!

The CEO resigning would raise the SP by 10%! I doubt it unless they're bringing in RR's CEO to turn it around.

Too much impatience here. If we had a 2% rise everyday we'd all be happy in a few weeks. There is atm no reason for this to rise, hence the short positions. This will rise when it has reason to. The shorts are clearly struggling to hold it back!

September is a long time away. New CFO due in this week & HY report in July. I think the NA stuff seems to be on the back burner now for a while anyway so what's important is that the HY is positive & macro improves. Maybe Cosmen doesn't believe the old UK adages & decides May is actually the time to buy. Who knows?

They couldn't stop it recovering back up last week! Maybe some people do sell in May & go away but probably not if the SP is near it's ATL!

Barring anymore onerous rabbits to be pulled from the hat the next results should be in the green!

Same stuff going on on DOCS. Shorts up but SP starting to recover well!

All just mind games to squeeze out weaker holders & suck up their shares. Personally i think any weakness will be well bought up here & you'll see that short level come down!

The debt level in itself is not the problem here. If you look at the balance sheet the debt level is actually lower now than it was in 2019. This has always been a high Capex business so a reasonable level of debt is to be expected. The problem is the company has had 3 years of negative earnings so the gearing levels have increased. High gearing is deemed more risky! Also interest rates have increased considerably from many years of super low rates. Not good for a company with high debt levels as the interest costs eat into the earnings bottom line. The company is making some efforts to reduce gearing (eg NA sale).

Re. Cosmen working with shorts. Nonsense. Maybe on an AIM stock! Cosmen has tried to take this over before in 2009 & he won't be doing it alone if he wants to try again but will have P/E or someone else in a consortium i would think.

Personally i'm happy to just hold here & not relying on any possible takeover which may or may not materialise. I believe this company is worth far more anyway than the sort of low ball bid levels being touted on here . Time will tell, but for me this is a Buy; Hold; Accumulate; Wait!

It is not possible to run an efficient & reliable public transport network & make a profit. In the free market the only buses running would be those most popular routes at the peak times. If people want late night/early morning buses on a regular basis to the most desolate places the set up needs to be subsidised. Personally i think if MCG/NEXcannot secure a contract next January which gives them a return of at least 10% this contract should be ditched.

LW, i use RR as my example mainly because everyone is familiar with that story & it's been quite a sharp turnaround, but there are many other examples.Personally i had quite sizeable holdings in BP & Melrose both bought up near Covid low prices. I sold both those for significant profits but then watched helplessly as i realised i could have made 3 times as much. I take your point though. I think it depends on the nature of the business. Personally i think MCG is one of those types of business which with the right management could easily return to pre covid levels in time. Each to their own. I never knock someone taking out their profits but for me on a share like this i believe once this worm turns properly the current prices will be for the history books!

Same will happen here i suspect. The majority will bail at B/E or small profit. that's the time to hold & reap the rewards after all the pain!

People would have doubled their money selling Rolls Royce at 150. Are they happy now with hindsight?

JG if hindsight was an option in this gig we'd all be millionaires!

Am i right then to say on a TA basis this is a sell at 65 because the covid low (66) will be a resistance?

Not sure how this TA stuff has any credibility on this stock. Been hearing about bullish/bearish divergence etc etc here since this was over 120. None of the analysis has been reflected in the traction of the SP at all!

'The preferred option' would be to have a realistic contract whereby MCG/NEX actually turn a profit. This is a commercial organisation not a political potato!

Should be an interesting week here next week. This now returned where it was pre results a larger declared short. They won't be wanting this above 60. Probably a battle between Cosmens & the hedge funds atm

Re: West Midlands. IMO West Midlands needs MCG/NEX far more than MCG needs them. Come January either negotiate a proper, watertight profit making contract or walk away. This company is not a benevolent fund!