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Mobico Group (formerly NX Group)

Started by winston, March 06, 2013, 08:42:38 PM

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winston

#75
October 18, 2018, 07:09:57 AM

Tony

#76
November 21, 2018, 09:17:39 AM
Article on the American operation.
https://hispanicexecutive.com/2018/alejandro-castro-national-express/?fbclid=IwAR3EY7VpVvJVBTswwKi9ww_m6m_tDck6MpVW3S_oLakKDt19y3jqjOo0Id0

With 24,000 vehicles this is the size of 15 West Midlands Travels!

winston

#77
November 21, 2018, 10:30:16 AM Last Edit: November 21, 2018, 01:23:32 PM by Winston
UK Bus & Coach is the smallest division within Group in terms of fleet size, ALSA also dwarfs the UK. 

NX are closing the gap on First Student, they have approx 40,000 school buses at First Student, down from the 60,000 when they acquired Laidlaw in 2007.

David Bradford promoted to MD of NXWM:
http://www.route-one.net/magazines/emag/routeone767/page_10.html

winston

#78
December 11, 2018, 12:28:23 AM Last Edit: December 11, 2018, 12:32:24 AM by Winston
Things aren't going so well for NX Transit's operation of the Westmoreland Transit contract, they're being hit with fines for various failings by the local transit authority:
https://triblive.com/local/westmoreland/14390774-74/westmoreland-transit-hits-bus-operator-with-more-fines

winston

#79
January 08, 2019, 09:37:14 AM
Looks as though NX are continuing to sell & lease back bus depots, this time 2 at NXWM:

Using proceeds from the sale, LXi acquired two industrial properties in Birmingham and West Bromwich for GBP11.7 million, reflecting a 5.7% net initial yield.

The properties consist of two bus depots totalling 93,00 square feet and 102,000 square feet, including parking halls, workshops and refuelling areas.

The properties were acquired with new 25-year leases to West Midlands Travel Ltd, a subsidiary of FTSE 250-listed transport provider National Express Group PLC.

http://www.morningstar.co.uk/uk/news/AN_1546854770054613700/lxi-reit-signs-gbp75-million-loan-amid-buying-and-selling-activity.aspx

DJ

#80
January 08, 2019, 09:46:13 AM
Quote from: Winston on January 08, 2019, 09:37:14 AM
Looks as though NX are continuing to sell & lease back bus depots, this time 2 at NXWM:

Using proceeds from the sale, LXi acquired two industrial properties in Birmingham and West Bromwich for GBP11.7 million, reflecting a 5.7% net initial yield.

The properties consist of two bus depots totalling 93,00 square feet and 102,000 square feet, including parking halls, workshops and refuelling areas.

The properties were acquired with new 25-year leases to West Midlands Travel Ltd, a subsidiary of FTSE 250-listed transport provider National Express Group PLC.

http://www.morningstar.co.uk/uk/news/AN_1546854770054613700/lxi-reit-signs-gbp75-million-loan-amid-buying-and-selling-activity.aspx

One is obviously WB, does anyone know what the other is? Maybe someone who knows what size each of the depots are can say?

Any views/comments are my own and do not reflect those of my employer.

Tony

#81
January 08, 2019, 10:07:31 AM
Quote from: StourValley98 on January 08, 2019, 09:46:13 AM
One is obviously WB, does anyone know what the other is? Maybe someone who knows what size each of the depots are can say?

I don't know, but as this was quoted last week I suspect YW

"In other property news, we've had a number of surveyors at other depots over the last couple of weeks, particularly WB and YW. This is part of a programme to plan site enhancements over 2019 and 2020, enabling us to continue operating there for many years to come"

BK63 YWP

#82
January 08, 2019, 04:09:46 PM
Why would nx sell something they own?
The Funny sounding Enviro 400

15 Wolverhampton to Merry Hill
15A Wolverhampton Merry Hill
16 Wolverhampton to Stourbridge

X10 Gornal Wood

Tony

#83
January 08, 2019, 04:14:42 PM
Quote from: SL 16 YPN on January 08, 2019, 04:09:46 PM
Why would nx sell something they own?

It raises capital and the landlord then becomes responsible for some repairs

Tony

#84
February 28, 2019, 08:09:27 AM

winston

#85
April 10, 2019, 11:41:26 AM
HSBC Analysts have reviewed the UK Transport Groups, NX Group is the one to retain a 'Buy' rating also with an increased share price target. All others are now 'Hold'

Plus a few interesting comments from HSBC's analysis:

"In terms of individual operators, HSBC reiterated its 'buy' rating and 475p target price on National Express, which has "the most obvious value" and a current share price that was "more than justified" from its existing business, with additional value also looking set to come in the form of mergers and acquisitions."

https://www.sharecast.com/news/broker-recommendations/uk-bus-and-rail-sector-running-out-of-steam-says-hsbc--3832950.html

winston

#87
May 09, 2019, 08:24:48 AM

winston

#88
June 15, 2019, 01:14:34 AM
NX LLC in the US partnering with Kango through a strategic investment:

SAN FRANCISCO & LISLE, Ill.--(BUSINESS WIRE)--Kango, the award-winning app-based rideshare and childcare service for busy families, today announced a $3.6 million dollar Series A funding round. The round was led by a strategic investment from National Express, the premier transportation firm which operates a fleet of more than 25,000 vehicles, that includes serving 600 school districts in 30 states, and transporting 1.2 million students on a daily basis. As part of the funding agreement, David A. Duke from National Express is joining Kango's board.
https://www.businesswire.com/news/home/20190614005066/en/
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