Mobico Group Executive Chair Boosts Stake with Share Purchase

 

Mobico Group PLC (LSE:MCG) announced that Executive Chair Phil White acquired 330,000 ordinary shares at £0.28737 per share on the London Stock Exchange. This purchase reflects a notable vote of confidence by a key executive in the company’s future prospects.

Despite ongoing financial challenges marked by losses and high leverage, Mobico Group’s strategic divestments and recent contract wins may support a potential recovery. However, bearish technical signals and valuation concerns continue to weigh on the outlook.

More about Mobico Group

• Average Trading Volume: 2,851,028

• Technical Sentiment Signal: Sell

• Current Market Cap: £170M

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