Quote from: Wolves256 on March 26, 2024, 08:16:00 PMhttps://www.thetimes.co.uk/article/mobico-delays-reporting-again-to-review-german-accounts-rz7jrqhwtYes, the Mobico CEO & CFO are rapidly proving themselves to be completely incompetent & out of their depth.... many investors now have no confidence in them!
Initially at the HY results end of July 2023, they stated the 'Evolve Strategy' was working, confirmed profit forecasts, confirmed an interim dividend & said that the 'Evolve' growth would be sufficient to start to pay down the massive group debt without disposals. 3 months later by October 2023, we had our first profits warning, interim dividend cancelled & entire US school division being prepared for sale. Then in February 2024 we had another profits warning along with FY results being delayed & a revised date set. March 2024, they have missed their own revised results date, issued another profits warning & put it back to late April. Its anyone's guess if that will actually happen......