Member Info for Paddyboy1

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!

Uncharted in the context that this SP has never been down at these levels so resistance & support levels have no historical context to go on.

I'm not sure TA is of much relevance in this share. The SP is in uncharted territory!

Up again today despite another short increase. Probably another Cosmen load up! Following the same trajectory as DOCS did.

50-60p is an utter steal for this share & i only wish these were my entry prices. Such huge potential in terms of dividend yield in the future for those who can hold longer than a few days or months!

Well i think Spurley's post shows the potential here if the company gets it right. You need a bit of a luck in this game. I sold my GNC shares for 134 last week & made £20k+ profit with which added a good chunk again here earlier in the week. I also saw a share i held a huge amount in up till 2 years ago, PFC have it's shares suspended. I still had a small amount left so have written those off now but count my lucky stars as had i held i would be looking at a huge loss. I also have a small amount left in SDRY. I was sitting on 60% profit there but now all but wiped out in that one. It's all a risk & you have to balance the risk. Offset the losers aganst the winners! Welcome back to the fray LG

Only a matter of time Lara. Us long suffering faithful will get rewarded in the end!

People look back now & wish they'd bought RR @ 40p a couple of years back. In a few years people will say who was lucky enough to buy MCG shares at 55p!

Hardly the actions of a company on it's knees as some would like you to believe!

Looks like that shower that joined the other day thought better of it. I'd expect this to follow similar trajectory to DOCs over next few weeks unless any big news! Drop the clanger, hammered by shorts for a fast buck then steadily back up again!