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Rotala
Rotala is a ‘buy and build’ player in the bus business. Its main strategy is to focus on buying small route operators, along with their contracts, bus fleets and routes, in and around Birmingham and in the Birmingham-Bristol corridor.
Critical mass achieved; profits now follow
Present focus is on Birmingham-Bristol corridor
Future legislative changes could further improve prospects
Predictable cash flow and margins
Conservative DCF model suggests present value of 82p/share, over 30% above current price
Publication Date:
June 18 2008
Buy and build operator in the bus business
Focus on Birmingham-Bristol corridor
Future legislative changes could have major impact
Predictable cash flow and margins, yet low cash flow multiple
Conservative DCF model suggests fair value 79p/share versus current 54.5p
Publication Date:
October 23 2007