Taxi Driver Online

I wonder what would happen if LTI went under, how would owners be able to get parts for them, especially the TX4 it seams to eat radiators, gearboxes headlights and loads of other items.
What would Liverpool and Manchester council do then??????????????? or any other council who still insist on them, would they still refuse to let other types of taxi on the road?????

Rover all but dissapeared overnight but I can still get parts for my '75 without much trouble.

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Grandad,

The agreement is that Geely sells to the Asian Market and Manganese Bronze sells to the rest of the world. I understand Geely are making two or three types of vehicle plus the TX4. Manganese Bronze see the UK market as volatile and want to discover new world markets. Now that they have some competition their existence is reliant on this new venture succeeding. Naturally production costs in China are extremely low compared to here so that is one advantage but I honestly can't see anyone buying a TX4 unless they really had to or they are totally unaware of what to expect.

Regards

JD

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I think made in China LTI parts are scheduled to be shipped to the UK later this year.

Regards

JD

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Manganese Bronze are on the slide again losing 23.75p so far this morning. If they keep losing 20p a day it wont be long before their share price falls to a pound. I wonder whether any of TDO's economic analysts consider it a buy or a sell? lol.

Last night it closed at 357.75 and opened this morning at 348.50 it now stands at 334p. It might drop below three pounds by the end of the week.

Manganese Bronze Holdings (MNGS:LSE) set a new 52-week low during today's trading session when it reached 334.00. Over this period, the share price is down 61.09%.

Regards

JD

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Tanfield, the company involved in the joint venture with Manganese Bronze to manufacture this new electric powered vehicle is also having a hard time. The FT wrote this today.

**Tanfield’s self-declared ambition is to establish itself as a global leader in zero-emission electric vehicles. For this reason, it received high praise from Tony Blair at the beginning of last year when the former prime minister visited its Smith vehicles plant in the north-east of England.

Mr Blair said then: “In the years to come, this operation is absolutely where the future will be.” He added: “It is fantastic that you have built up this company so quickly. This will be a company that will really make its presence felt not just in the north-east, but actually throughout the world.”

The shares, trading at 83p on the week of his visit, rose as high as 211p in July last year. They have since lost 95 per cent of their value, leaving the company worth £117.6m on Tuesday.**

Considering very few cab drivers if any will buy a vehicle that has a maximum speed of only 50mph and a maximum running distance of up to 100 miles before recharging then it wouldn't be too ungracious of me to say, "it would appear to me that these two companies are producing nothing more than a potential "white elephant".

Regards

JD

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Until the technology improves, these vehicles would be more suited to the supermarket and school run brigade, not any serious commercial activity.

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

Down over 50p today

MANGANESE BRONZE HLDGS PLC

As at 02-Jul-2008 16:00:39
307.000 down 50.75 or 14.19%

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

Down 62.75 at close. They now stand at £2.95p

Market cap is down to 73.64m which works out at approximately 2,150 TX4's which is about 1/10th of the the London cab fleet. If all London cab drivers got their heads together they could go to LTI and demand what they like with the threat that if they don't get it they will all buy the New Mercedes. I don't think the London cab trade realise how much power they now have in their hands.

You can always trust TDO to highlight the advantages and disadvantages for cab drivers. I hope GBC tells his colleagues of the new found bargaining power Mercedes has given them.

Regards

JD

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with all due respect to JD,his comment about Merc taking over from the the TX,i opologise if i misinterprete this but what makes you think that Mercedes wants to lower their standard of engineering to that of the TX.....i used to feel like Noddy when i had 1......over priced mechano kit.
Dont know which i loathed more...FX4 or the TX. John

To be honest I don't understand what you mean by Mercedes lowering their standards?

With respect to Mercedes becoming the main supplier of vehicles in restricted areas I have to say that there are one or two debatable points which are open to opinion. The first sign of Mercedes fortunes will be their early sales figures, every Mercedes sale is one less for LTI. We already know that LTI's profit margin is based on 100 cabs, perhaps even less now. So unless LTI reduce their manufacturing costs dramatically then they are heading for a loss even in this financial year. They will continue to run at a lose for the foreseeable future if they don't trim their rigging.

Their share price is down another 16p this morning, which means in three days Manganese Bronze has lost one pound off their share value, which amounts to approximately 27%. The share price currently stands at £2.79 but if they start losing sales in London within the next few weeks then I wouldn't be surprised to see the share price enter free-fall.

Now that situation could have dire prospects for the future of LTI and it wouldn't surprise me to see them finished with by this time next year.

That's how quickly these things happen when you have a product which is not that good and has been insulated from competition for a considerable time. I think we need to look at reality and put sentiment aside, the reality is that where people are not obliged to buy LTI vehicles then they don't buy them. Get rid of the turning circle and there will be no LTI vehicles on the Road as Taxis. You only have to look at that Bracknall photograph to see what Taxi drivers think of LTI, not one LTI vehicle on show. That is the reality of the situation.

Regards

JD

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At least one brave fellow believes there is still life in the old icon because shares in MNGS have recovered their earlier morning loses and are now back at the price they opened, £2.95.

Regards

JD

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As at 07-Jul-2008 14:30:04
290.000 down 7.25 or 2.44%

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

Some of the most recent share dealings of Manganese Bronze executives.

Latest Deals
Traded Action Notifier Price Amount Value
07-Dec-07 Sell Peter Shillcock 568.70p 14,880 £84,622.56
30-Nov-07 Sell Mark Fryer 575.00p 8,080 £46,460.00
27-Nov-07 Sell Mark Fryer 602.00p 10,967 £66,021.34
27-Nov-07 Exercise of option Mark Fryer 168.00p 19,047 £31,998.96
30-Oct-07 Sell Peter Shillcock 669.00p 14,273 £95,486.37


Largest Deals (365 days)
Traded Action Notifier Price Amount Value
25-Oct-07 Sell Mark Fryer 710.00p 30,350 £215,485.00
30-Oct-07 Sell Peter Shillcock 669.00p 14,273 £95,486.37
07-Dec-07 Sell Peter Shillcock 568.70p 14,880 £84,622.56
27-Nov-07 Sell Mark Fryer 602.00p 10,967 £66,021.34
30-Nov-07 Sell Mark Fryer 575.00p 8,080 £46,460.00

MNGS News

RNS Number : 8991X Manganese Bronze Hldgs PLC

30 June 2008

Manganese Bronze Holdings PLC ('Manganese Bronze' or 'the Company')

Interest in Shares

30 June 2008

Manganese Bronze advises that it received notification on Monday 30 June from Toscafield Limited that, following the purchase of 264,500 ordinary shares of 25p each, it has a notifiable interest in 6,638,129 of the Company's ordinary shares, representing 26.593% of the issued share capital.

For further information, please contact:

Financial Dynamics

Jon Simmons

Tel: 020 7831 3113

Manganese Bronze Holdings PLC

Mark Fryer, Group Finance and Business Development Director

Tel: 02476 572 223
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RNS Number : 5624X Manganese Bronze Hldgs PLC

26 June 2008

Manganese Bronze Holdings PLC ("the Company")

Additional Listing

Application has been made to the London Stock Exchange and the Official List for the admission of 300,000 new ordinary shares of 25p each by way of a block listing. The shares are expected to be allotted following the exercise of options in connection with the Company's option schemes.

It is expected that admission will occur on 2 July 2008

For further information, please contact:

Financial Dynamics:

Jon Simmons/Sophie Moate

020 7831 3113
Manganese Bronze Holdings PLC:

Mark Devin, Company Secretary

024 7657 2041
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RNS Number : 0195X Manganese Bronze Hldgs PLC

18 June 2008

Manganese Bronze Holdings PLC

Notice of Interim Results Announcement

Manganese Bronze Holdings PLC will be announcing its interim results for the six months ending 30 June 2008 on Thursday 31 July 2008.

For further information, please contact:

Financial Dynamics

Jon Simmons / Sophie Moate

Tel: 020 7831 3113

This information is provided by RNS The company news service from the London Stock Exchange
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Not a bad profit on 25 per share but I can't help feeling that Mr Shillcock should be thanking TFL and all those councillors throughout the UK who insulate LTI from competition.
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Manganese Bronze Hldgs PLC

Manganese Bronze Holdings PLC ('Manganese Bronze' or 'the Company')

Notification of a Transaction involving a Director

10th December 2007

Manganese Bronze advises that, on 7th December 2007, it was notified that Peter Shillcock, an executive director of the Company, had sold 14,880 ordinary shares of 25p each in the Company at £5.687 per share.

Following this transaction, Mr Shillcock has no interest in the issued ordinary share capital of the Company.

This notification is made under section 3.1.4R of the Disclosure and Transparency Rules.

For further information, please contact:

Financial Dynamics Tel : 020 7831 3113

Jon Simmons / James Ottignon
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