Member Info for Paddyboy1

It’s just been terribly managed. appalling how Garat was allowed to stay so long yapping on about Evolve while the SP was evaporating!

I’ve accumulated nearly 400k of these shares. On paper it’s painful but I’m not selling a bean!

Maybe Smokey has closed his short!

I think the rise would be bigger if there was sniff of a bid. I’ve been expecting a short closure here as no reason I can see to be short at this price level. Great to see it rattling up!

This went from 45 to 90 in a few months last year. A good update in September will see this over a £1 by year end!

Looks like shorts covering themselves for a painless exit.

Motoring now!

Yes Germany is key. Latest RNSs have settled the ship a bit. No risk of dilution/RI etc!

Always retrospective BS. Very rare for people to crystallise a loss then buy back. That is reality. You have lost confidence in the share that is that! Trying to save face on the chat that is all!

Garat & Stamp should both have been out after the dividend reversal debacle but were allowed to continue destroying the company. Hopefully the momentum can continue. Resolution to Germany & appointment of Iglesias as CEO will send this a lot higher.

Probably just late reported trades. Be factored into SP already.

Well, I’d imagine most investors have invested here at over £1 as it’s only been under a £1 in the last 18months. Otherwise for the best part of 30 years it has been in the£2-5 range. I’ve always had a 10year + outlook here & while I’m hugely underwater atm I’m not really too concerned. With Germany sorted out this company should have earnings between 200-300m per year for starters. With those earning levels the SP would be 10x today’s price. This just needs patience. That is all.

Rerate

Resolution to the Germany issue is what is needed here. This will have a serious restate if that is sorted out positively!

JG, the MC of a company has nothing to do with its solvency. It means the shares have been offloaded by many & not much reason for buyers to return. The financial state of the company has been stated in the RNSs & while not great doesn’t suggest any going concern issues!

The more i look at this the more the SP number looks disconnected from reality. £170 MC when one area of the business is pulling in more than that in annual ebitda. You have the debt & the Germany situation but i don't think the SP is truly reflecting the underlying value here. I am buying more at these levels!

I think WT beat me to it but there is NO intention to redeem the hybrid. Cowing was quite relaxed about this element of the finance in the presentation & it is a core part of their longer term financing. It will be renegotiated. On what terms we don't know! Watch the presentation. Read the RNS!

Ratnam, A sensible post for once. I'm amazed on this BB so many names who claimed to be buying & buying long long ago now claiming to be short or got out in time etc. There's one on here daily claiming to be short but scroll 6 months back on their comments & you will see the true incredulity & hypocrisy of their statements. Absolutely bizarre. Mobico is struggling for sure but Cineworld this is not. Cine had £8bn of debt & zilch income when the plug was pulled. This is nothing like that. I expect the SP here to probably drop further. The short sellers are in control but lets be clear in terms of day to day operations this company is operating exactly as it was 6 months back. They are selling an asset for a lower price than expected which is why there was a huge statutory loss on the results & the SP tanked. This is a buying opportunity but obviously a lot of fear has set in. Patience is paramount & i've always considered this a 5-10 year timescale investment not 5-10 days or hours.

Hi JG, long time. Yes probably just another alias. Anyone in this gig long enough knows that when a share get a major twonking you are going to attract these people. Inexperienced investors will doubtless be fearful & panic sell based on these groundless comments. Best to just ignore IMO. This has been a poor investment, no doubt about that but i believe this is almost all down to an inept management team who have been asleep at the wheel & some appalling decisions have been made. The new management will need time to turn this around but i'm hopeful that it can be done. The individual business units all have potential with the right leadership. You only need to look at ALSA to see that. From an investment perspective this just needs a calm head. I'm sure the worm will turn here at some stage but only time will tell. Ignore the noise & read the facts!

I haven't commented on here for a long time & am underwater for huge amount here but reading some of these recent commentaries is intriguing. The SP basically got tanked by 40% or more because the company is selling an asset for way below what the market expected. £200m was wiped off the MC in one day so clearly the market had been expecting at least £600m for NASB & the company has failed to deliver on that. The company is not going bust. There has been no mention of any going concern issues & there is plenty of liquidity. Debt is of course high, but it always has been in this business. Just look at historic balance sheets! The problem as i see it is getting the remaining businesses delivering positive returns to make them viable. My main concern here is the Germany debacle. This has been a drag on earnings on every result statement i have seen in this company. What sort of a nonsense contract have they signed up to which ends up with huge penalties for issues outside of MCG's control? On a positive note the 2 clowns are gone & i always felt they both should have been shown the door after the dividend debacle. Moving forward though they have a new management in place & i'm convinced that Iglesias is being groomed for the top job & his appointment can't come soon enough. While i understand that people are worried their invested money is evaporating in front of them this really is one to just hold & wait for the tide to turn which will take time to materialise i'm afraid.