Taxi Driver Online

Manganese bronze shares in free fall.

Shares in Manganese Bronze have today fallen to a 52 week low. Nearly 7% has been knocked off the share value after a fall of nearly 26p. Shares are now trading at 3.49 with over an hour left before closing.

Will they rally or will they fall? who knows?

Regards

JD

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Well a company is only as good as it's products..........

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If they keep on falling they could be withdrawn from the stock market, it may be the end for them and it would serve them right for treating owners with no respect and the fact that no one wants the TX sheit, but are forced to get one by some councils, could also have something to do with it

I expect at least 25% of their new vehicle sales UK wide will go to Mercedes, that's if Mercedes can cope with the rush? Eventually I expect Mercedes will become the new icon and LTI will very soon disappear as a manufacturer because economics dictate that they can't drop the price of their vehicle and make a profit with the market share that they might retain.

Everything I have ever said about LTI not being able to survive in a competitive market will come true sooner than we think. Even the Chinese venture will fall flat on its face because no one in the far east in their right mind is going to buy an overpriced gaz guzzling, sweat box when they can get a better vehicle at half the price.

Regards

JD

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shares are rallying slightly, the days loss is now only 18p.

Anyone care to guess how much of LTI's market share in new vehicles will go to Mercedes?

I predict at least 25% to 50% within 18 months or less. The Asian owner driver community which make up the majority of the taxi trade in England and Wales outside of London aren't going to purchase LTI rubbish when they can buy a Merc. They have proved this in areas that don't have mandatory standing orders in respect of vehicle type. It is only in those areas that do have mandatory standing orders such as the likes of Manchester and Liverpool that LTI have been able to prosper. Now that owners in these areas have a decent choice of an alternative vehicle then you can bet your bottom dollar they won't be buying vehicles made by LTI.

In 2007 LTI sold 3,153 vehicles, I read somewhere that KPM hope to sell 600 Mercs in the next 12 months, that's 50 a month or just over one per day. That's a pretty large dent in LTI's pocket.

Regards

JD

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Manganese Bronze Top Shareholders

Tosca 25.1%

Geely 22.8%

Hermes 10.5%

Lehman Brothers 7.8%

Lansdowne Partners 7.3%

Shares in issue 25 million

Market cap £206 million

Market cap as of Today £87.74m.

When these figures came out the share price was £8.24 it is now down to £3.50 The company has lost 60% of its Market Cap since the issue of their 2007 financial report. Their market cap is now £87.740,000 a loss of around 120 million.

Regards

JD

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To be honest, I think it's no contest.
The only thing holding back the Merc is how fast they can turn them out.
If it takes off like we think it will, they will expand production capacity to match. With a shrinking market share and a poor product, the outlook is bleak for LTI.

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Not a very good investment for them
You have to wonder if some of them aren't thinking of cutting their losses while there is still something left.

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Their assets are minimal, if they lose market share which they obviously will then they are done for. They might not even survive as a component and parts dealer.

Regards

JD

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Manganese Bronze 12 month share chart.

Regards

JD

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If the product was right, and the price was reasonable, then it could be a good buy for someone.

But as it's not, and it's not, then maybe it's a good bye.

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IDFIMH

Closing price 357.750p, down 17.25p or 4.60%

http://tinyurl.com/3gzmsb

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Share price appears to be dropping daily, it will be interesting to see how they perform from now on?

When the bubble bursts over their electric cab you can guarantee sentiment on the trading floor will be even more pessimistic.

Regards

JD

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A fair price for that vehicle would be around 15 grand, if that?

They can't afford to drop the price because they would lose too much money, therefore, they are up the river without a paddle. That's what competition does for you.

Regards

JD

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Are they building in the far east to satisfy the market there? Or is it because production costs are cheaper and they intend to ship the cars back here?

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Grandad,