Member Info for Paddyboy1

Yea, should bounce on that. No horror story.

Lara, aclearer picture will emerge tomorrow. Best to ignore the noise. This recent drop has been based on nothing.

Garat blabbed on about reputational damage etc. This has dragged on too long & I welcome decisive action. The German issue is IMO by far the biggest issue. MCG should just walk away. Let the PTAs take legal action. MCG have a caseworth fighting. Cant go on like this with an endless drag on earnings.

Positive end to the day after probably rinsing a few last minute panic sellers.

Well, if the German authorities aren’t budging on negotiations this is the action MCG have to take!

On the Germany issue I would expect at least a partial resolution. I would expect MCG to carry the can for driver issues but infrastructure issues are outside their control. That is the ‘frustrated’ part of the contract!

Well, the ratings don’t suggest any imminent liquidity issues either so looks like no issue relating to this being a going concern. Worst thing here IMO would be to allow any low ball buy out. Cosmen has been part of this & would have had a say in Garats appointment so for him to capitalise would just be a joke. Got to wonder how difficult it can be to turn a profit on a bus & coach business? The SP is a travesty. It’s lower than Wood Group now!

When it rises you & your alias vanish like Willo the Wisp. Very pathetic!

Yes, & yesterday was Saturday & notably you uninvested Saddo was the only commentator. Psychotic!

Short sellers want peoples shares for as cheap as possible. Simple as that.

& CARD; IAG; MKS; IMP. So many but know they never get it wrong!

What did the shorts in Rolls Royce do once they took it to 30p? Yes, thanks panic selling mugs we’ll have them!

That is the difference compared with Cineworld which had £8bn debt & no income at all.

WT, yes there is a lot of misunderstanding with the numbers I believe. The SP got battered down by the huge statutory loss earlier in the year largely due to the NASB sale. It obviously looked horrendous but I think you need to read beyond that as it doesn’t reflect on future potential. I also believe people forget that on top of the cash in bank & RCF, the wheels of the business are still turning. They should not be eating into those funds they should be growing them year on year in order to deleverage in time & I believe that is their plan.

WT, i’m not sure why so many seem fixated on a capital raise. The company has stated it’s not required so if one were announced then any confidence or trust in what is a new top team is immediately obliterated. The SP really makes no sense to me. The whole business is now valued at about 70% of their forecast earnings for the year. This is anomalous & will correct itself very soon I believe. Whether that is more bad news or not remains to be seen.

Jonlon, you say you exited your position. What price did you buy in at & what was your investment rationale then?

So you think they should raise £200m to pay down debt which would reduce the interest costs pa from c£80m to c£60m?

Jonlon, are you aware they just got £300m for selling NASB?

Jonlon, do you think Cosmen can walk in & say I’m buying everyone’s shares for 22p?

Or potential other interested parties for that matter?