Member Info for Paddyboy1

I agree on the director purchases. I watched the webcast last night & one of the analysts questioned about the low SP. Garat said along the lines of it's the markets don't have the confidence we have! He should make a large purchase & put his money where his mouth is. All the talk about Evolve strategy is not being swallowed by the market. I won't be surprised if there is pressure for some change at the BOD level. The large investors here will only have so much patience & their entry prices would have been much higher than most of us on here!

What will be the next bomb? Could be a takeover bid on Monday. who knows?

Obviously a lot of upset people here but just need to give it a bit of time. There was nothing really in the update itself to cause the nappies to fill. The debt is coming down; financing is all in place; contracts coming in; revenue is on the up; costs being reduced. The profits will come in time as will the rerate!

Noone was told. We weren't told about the ALSA impairment either. To be told is called insider trading!

Lots of panic here. The SP behaviour is poor & i'm very disappointed in the performance but all jam tomorrow RNSs never go down well with the powers that be in the City. The dust will settle over the coming days. Could see it dropping a bit further i think then should start climbing again. The problem is we are now reliant on external news to bolster this SP for the next 3 months so could drift. No going concern issues or anything particularly horrendous here. If you have a long term approach this is still a great opportunity IMO

QD you also warned people that Persimmon would be £7. You also said MCG would be £2.50 in 6 months. You also bought ASOS at £7. Yes, you are still a moronic cretin!

So 95p close price. How ridiculous can it get here? i said a while back my hopes were for sustained revenue growth; debt under control; interim divi. that was all i really hoped for with the update & as far as i see that has been achieved here. Debt been reduced by around 5% overall. Financing all in place. The market just looks at that headline number which is bizarre. this one has to turn soon. Less than £600m MC with projected £200m profits is inssane!

Moon, yes i agree. I'm very positive about this one over the longer term but can possibly see this drift again as no news for another 3 months. It's just a sit tight share really & add on weaknesses. Will come back to it's glory over the longer term!

The all jam tomorrow effect as i expected. Huge over reaction. should be back up later in the day!

Overall i think this is ok.The short termers here won't like it but it's all solid stuff if you're prepared to stick with it for a few years!

Moon, yes when i initially read that i thought boom, boom but then thought what impairment will they announce to spoil it later on? A bit of an all jam tomorrow statement which the City never usually likes!

Nothing spectacular here. No horrible surprises either.debt falling; revenue up; interim divi. Fairly boring RNS really but i suppose this is a bit of a boring one!

This is my second biggest holding at a lovely low 60s average. Only regret not buying so many more as my other stuff is underperforming . This should sail over the £1 very soon i would think now results will calm any fears.If Mobico does an update like this one on Thursday i'm a happy bunny!

I bought a lump of these today @ just under 94. Been in & out of this one a few times. Nice little earner.

For me, so long as the revenues are continuing upwards that is what i want to hear in the update. This is a hugely cash generative business & as long as that is continuing i see no problems with future refinancing. This is an investment grade company not an AIM tinpot. On the inflation front. Well, it'll continue for a while i'm sure & the BoE seems a bit useless. However i've seen fuel prices plummet at the pumps personally. Diesel was £2 a litre at one stage last year. I can now get it for less than £1.40. that is a huge part of MCG's cost base. I've added at the low 90s & now have a sub 110 average overall on a huge chest of shares here. Happy to sit on these for a few years but will add further if we revisit those lows again. A bizarre SP IMO but a great opportunity for those who can hold out & ignore all the BS noise around them!

It seems to me that the impairment cost relating to ALSA is what's scuppering this along with general poor sentiment. Without it we'd be showing a large profit & debt lower than 2019 numbers. There isn't much detail in the presentations about how this huge impairment cost came about. Surely they'd be expecting something back if this has been done to subsidise the fares in Spain. Isn't it the Spanish authorities role to do that like WM buses. As i say not much detail about it in the presentations!

Bit of research required here i think!

On Friday the trading volume was 1.7m shares. There are 614m shares in issue. Those 1.7m share are not 1.7m individual shares. They are a fraction of that number being constantly churned over & over again by the short sellers on miniscule algo trades to manipulate the price down. All a big game!

JG, i totally understand & share your sentiment. The SP constant downtrend is unsettling especially when you have a large holding which i do. However despit sitting on a fairly large paper deficit i'm more comfortable with this company than many others i've been in on. I was down about £20k on PFC a couple of years back & went in much bigger when it tanked to 90p or thereabouts. I pulled them ones at around 138 as i recall & ended up £25k in profit. It's just how this game works. You have to endure the pain before you enjoy the gain. I can't see any reason why the July update should be bad. My reservation is they may do a CR. I see no need for one seeing as they have £800m in cash & RCF but they may be under pressure from larger investors to sort things out. all we see at the moment is the company being prudently managed. It is external matters outside their control which is causing this rout!

The fact that theoretically this entire business could be bought out for @£570m at the current level is just totally illogical. The markets are irrational. JG, you're in on PFC. Look at that. smashed down to 46p & straight back up. 888; THG , IAG. There's been loads of this nonsense going on!