Member Info for Paddyboy1

This share brings back memories for me of MCRO & MNZS. 2 good companies which had their SPs smashed & out of the blue bids came in!

Yes, i agree KG. The drops to these levels had made me think there may be something in the cupboard that may trigger a RI or placing but none of it in that update which was a relief. I've been in on lots of different shares & done pretty well on the vast majority over time.This one has me completely mystified. At the 120s i thought this was a huge bargain but here we are nudging the 80s. Shocking it is really but i'm still confident this will rerate big in time. It's still buy, average down for me anyway!

What exactly were people expecting from those results? i was never expecting any fanfare or huge profit announcement. I still think there's been an overreaction. Yes, the update was underwhelming but reassuring in terms of ongoing operations & underlying liquiidity.

Debt is only a major problem if the company is unable to service that debt. NEX did a placing in 2020 for that reason. All the coaches were grounded so no funds coming in. A placing was prudent at the time. Cineworld went to the wall as they had a huge debt mountain & noone going to the cinema so no money to make the repayments. Just like an individual gets repossessed if the default on their mortgage. The debt here really shouldn't be a huge issue. I think we will see some changes here at the top. The SP being at this level will not be tolerated for much longer by larger investors. They will not be prepared to sit for months awaiting another update while the SP continues drifting into oblivion. The message is being sent that people lack confidence in Garat & his strategy. He will be under considerable pressure i suspect!

With all his financial wizardry i'm intrigued why Mr Dip has not been shorting this stock from 330 in 2021 when debt was much much higher!! No, his profound knowledge only is shared when the SP is at a low! funny that is the kind of behaviour of trolls!

MM, I'd thought about this myself a few times & had mentioned on here about a cash call in the past. Personally for me last weeks HYs were reassuring in that they illustrated no need for any cash call. All investors get clobbered on CRs. I've been stung on PFC & IAG before & while usually the price will recover it's a long haul. More importantly though. There is no need for one! Many of us have been wrong footed by this one not least myself as i have a huge pot of these now. It's frustrating of course but i really don't have any concerns over the long term about where this is heading. Debt is being reduced & is well serviceable. As revenues rise & (hopefully) interest rates fall with inflation this will rerate strongly! How long that will take is of course anyone's guess. Is the SP at the bottom? Again, anyone's guess!

They've reinstated the dividend so to make a cash call so soon after would reek of management incompetence. In fairness i'm not really sure what the BOD can do better. They seemed very confident when i watched the webcast. I think people just need to relax here. Anyone selling at these prices is a fool in my view. That is just panic selling! This will rerate. Good; well run Index stocks always do at some point!

I'm sure behind the scenes the larger investors will be demanding change at the top. Garat's EVOLVE strategy may be working in his eyes but he's overseen a SP collapse which the big boys will only stomach for so long!

Learn to spell buses on speak & spell!

Once the rerate happens this BB will go back to having 2-3 comments on it a day at most. Whenever a SP hits lows all the trolls swarm over the BB spouting misery; insolvency & such like. You see the same names time & again on different boards. Nothing fundamental has changed with the operating model of this business. It was badly hit by Covid & is now suffering from the macro impact thereafter. Once inflation starts to fall & interest rates follow this share like many others will rerate big time. This needs a good 5 year not 5 day timescale or outlook if you are looking for a healthy return on your investments!

A company like this will have a long term arrangement in place with suppliers like Volvo; vantool etc. Liveried coaches & buses will all be replaced at end of life cycle.

That is some depreciation £150m spent on electric buses for WM but the whole company is worth £44m. Does QD work for KPMG or Deloitte in between dole cheques?

So all the electric buses they just spent cash on are not assets?

Could go to 80p; could go to 60p. Could go to120; could go to £2. If anyone of us knew where it was going there wouldn't be a market!

Net assets £1.4bn as at 12/2022.

90p is looking expensive now?? FFS you couldn't make these comments up.A SP is at an ATL but is 'expensive' People should invest in triple ply Pamper nappies rather than shares. This SP was 91p a couple of weeks back. It'll come back. Nothing about those results indicate any distress or going concern issues. Just needs time that is all!

TUI/Marstons /ASOS. No, this is a good company. The debt issue is being way overblown here just like it was on Rolls. This will be fine once the macro nonsense calms down!

This will do a Rolls Royce eventually. Crazy to think this was way over £2 when no coaches or buses were running during Covid. Decent index stocks always rise from the ashes!

Question is have you ever made a gain on anything??

Also claimed to have bought this @103 then sold at 100. Get real!

QD sold this at a loss to buy another share. Avidity which he has lost 25% on. Warren Buffett you are not!