Member Info for Paddyboy1

Smokey, The buses stuff is fairly small beer here in context. We need to know have they or are they selling NA & if so at what price. I believe if there is a sale going through at a reasonably good price this will turn upwards. If no progress on that front then further drops i suspect. The pricing issues & he Germany stuff will be rectified in time but the NA sale is critical IMO!

Barney, i imagine most punters will be waiting for the results announcement before adding or committing funds here. On the basis of what they've told us so far this is way too cheap. the problem is we, & especially anyone who's been here a while have become so used to this lot dropping some shocker that it makes sense to wait. I think i'd rather pay a slightly higher price to have some assurances going forward. No announcement this week & i think we'll be seeing 50p or lower!

I think the only reason Cosmen hasn't done anything about it is because of the opportunity it has created for him to load up on the cheap. It's pennies from Heaven for him. This is the reassuring thing here among all the other stuff. He would not be buying loads of these shares to lose his family money. He will know the true potential here far more than these fly by nights Garat & Stamp!

Yep, i think we all know the value is there & is much higher. Personally i been in this too long & too heavy. I'll stay however long it takes but it's tedious watching such a good business getting destroyed by those who are supposed to be creating more value!

A bid for the whole company @ £1bn would suit me fine!

Personally i don't see them achieving anywhere near that level but if they do the current SP is mad!

This will come good again at some stage. Nothing wrong with this business & is a well known & well regarded brand. Those companies always come back eventually. This is not Cineworld or anything like that. Just got a bunch of fools running the show that is the only major issue here. I'm sure they'll be out soon unless there's some major positive news!

That was the one you sold at a loss after a couple of weeks as i rememberr!

XxxAccountant, if there was a RI this will be in the 20s or lower. I don't think a RI should be required even if the NA sale fails as they have enough liquidity to operate for the foreseeable at least. For me the fact that it's where it is atm is shocking. I hope this turns soon as it's becoming a real basket case investment. Personally i do think this duo at the top need to go & some new blood needs to take over. They can't seem to get the basics right. So many mistakes: Dividend then no dividend; poor outlook guidance; no due diligence on contracts etc... How can they justify their positions here?

Haha, if only i was short on this. Shows how long you been looking in on this share!

Yes, this looked pretty much in freefall on Friday afternoon. I won't be surprised to see this breach 50p this week if no news. If there is news & it's bad will be in the 30s.

Well, looking at the 30+ year SP chart the current SP looks compelling. Reading the RNSs i'm hearing the phrases 'onerous contract' and 'impairment' way too often. The fundamental business here hasn't really changed much at all. Taking on contracts they clearly haven't a clue about is downright incompetence. I think most people invested here thought it was a fairly safe & secure bet but the management don't exhibit that at all. The ROCE levels in certain parts of the business are atrocious & i'm interested to see what those new managers they put in place have done. They need new pricing strategies for a start in a time of inflation. Just seems to be endless excuses here: driver shortages; impairments; fuel costs; union strikes etc, etc... Garat & Stamp have to go. They've been paid huge salaries to oversee a fivefold decline in the company's market value!

Cosmen will already know the results & outlook. He won't be able to do anything at the moment though!

I do think Cosmen has something up his sleeve with buying up the shares. He's been interested in buying this out for years. I do think at these levels it's a complete sitting duck. I'll be adding to my woes next week & adding a significant amount if it drops much more. Multi year outlook wise it looks a bit of a steal!

£375m mkt Cap for this is shocking. £3bn+ annual revenues. Totally bizarre but management entirely to blame for this & the market has no confidence. Got to question the due diligence which has gone into this German rail escapade. You'd think they'd learn to stick with what they know after the disaster of LNER in 2009. Amazingly poor performance. Come back Dean Finch!

Well, i've kind of been catching up on a few RNSs on this one. It seemed to be back on the up until the results were delayed. Seems a bit overdone to drop 30% due to the German Rail stuff.That represents less than 10% of group revenue. Liquidity headroom all seems acceptable with the bond refinanced, so can't see any capital raise needed. I think the NA sale would be a big game changer here. Hopefully they've got someone interested in that, if not i'd expect further weakness. I really think time for a management change here. They seem very sluggish especially over the German stuff.

If they turn any profit at all i think it'll be a positive. Last time they had PBT of £170m was 2018 & the SP was £4+

Well, i took a sabbatical from these boards & SP watching for a few months but time to check in again as i got a new ISA allowance. Amazed where this SP is & looking to go further down by all accounts. What a farce this management really has become. I'm in this one up to my eyeballs & down mouthwatering amounts. Averaging sub £1 but it still hurts & no imminent signs of a recovery either. Fishbon. Yes i loaded on GNC @63p (it's my 2nd largest holding) it's more than double bubbled now. I remember i was buying these in the 1.20s when i was buying GNC & at the time had much higher expectations for this one. I'm mulling now whether to cash the GNC & stick it in here @ these prices. This is at an all time low nearly. The Cosmens buying up the shares is what gives me hope on this one!

People need to view their investments here in terms of the real world. I imagine most people commenting on here started buying here sub 120; then some more @ sub £1 etc. A few names have been in longer & tirelessly averaging down or getting concerned for their investments! Until about 3 months ago a sub £1 average on this share would have been unthinkable in the entire history of this company's trading history. There will be many holders out there who don't even know theses boards exist who probably bought these shares before covid or maybe in 2021 when it looked unstoppable going upwards. These people were buying this at £3-£4. 30p-40p down in context is nothing. This is a market. Noone catches the bottom all the time. Sometimes you can be lucky but trying to call a bottom on a share will drive you bonkers. We may have seen the bottom here at 55. Maybe it'll be revisited next week. Maybe we'll have a takeover RNS on Monday morning. None of us know. Remember why you bought the shares in the first place. That is the important thing. Yes, you'll get monthly or quarterly reports sometimes telling good news & more often here bad in recent times but the company continues on day to day. Today was a refreshing bit of respite but a long way to go to get to where we need to be but a rise is a rise on a dreadful market day!

$1.5bn