Go-ahead Share Discussion Threads

[trt] 14/9/2012 14:58

Share price could break through £14 today at this rate.

I might try and grab another top up before it does !!!!

[phil140158] 13/9/2012 14:38

Thanks for that, Bunnji - do you think an invitation to tender in October will result in an RNS from the company?

[trt] 13/9/2012 08:51

Back in 2009 very difficult indeed to predict accurate pax figures. No rail company has achieved it to date regardless of which franchise they run. Financial support won't actually be needed in any case come Sept 2013 as the new franchise will have started by then.

[bunnji] 12/9/2012 23:59

Go-Ahead warns it may need taxpayer support for Southern rail services
Train and bus group Go-Ahead has admitted it may have to seek taxpayer aid for its Southern rail franchise next year in the latest blow to the Government's transport policy.Southern, which provides commuter services between London and the South Coast, has been hit by the double-dip recession and growth expectations are not matching the forecasts made by Go-Ahead when it bid for the lucrative rail contract in 2009.

Under the terms of the 2009 deal, Go-Ahead is allowed to claim revenue support from the Government from September 2013 if Southern services continue to undershoot forecasts.

While Go-Ahead is far from the first transport company to seek revenue support, the admission comes during a politically sensitive time in the rail industry.

It will add to the pressure on the new Transport Secretary, Patrick McLoughlin, who has inherited the threat of a judicial review over the recently awarded West Coast franchise.

FirstGroup has been accused of winning the franchise between London and Scotland based on "unrealistic" growth assumptions.Critics of FirstGroup, led by Sir Richard Branson's Virgin Rail, believe there's a high chance it will have to hand back the keys to the West Coast line as its "risky" forecasts will fail to materialise.

David Brown, chief executive of Go-Ahead, insisted his company was doing everything it could to avoid going cap in hand to the taxpayer but said the "jury is out" as to whether it would be able to avoid drawing down on revenue support.

"It's quite a tough job that they [the Southern team] have got to do but they are focused on trying to grow the top line still and get back onto that trajectory," Mr Brown insisted.

But Bob Crow, leader of the RMT rail union, said revenue support was akin to "corporate scrounging".

"This is yet another example of the one-way ticket to the bank for the private rail operators," he said. "If they can't extract a fat profit they can fall back on the corporate welfare of revenue support."

Weaker growth on Southern last year coincided with a £52.7m increase in Go-Ahead's payments to operate the line until July 2015.

Go-Ahead yesterday unveiled a 3.4pc dip in full year pre-tax profit to £94.2m despite a strong performance from its bus division.


Hardly the best strategy ,,,, given the Thameslink franchise to be decided in May !!

[trt] 07/9/2012 08:45

In fact the yield is now 6.25% which is fab !

[trt] 07/9/2012 08:09

I shall be grabbing some more before the Record date so I can boost my dividend payout once again.

[trt] 07/9/2012 07:43

If GOG win the Thameslink franchise the share price will rocket.At the moment nothing is priced in hence the share price not moving above £13. I am here for the yield currently over 6% can't get that in any savings account ! Share price growth is just a bonus.

[phil140158] 06/9/2012 14:21

Hi trt - market underwhelmed as we might expect. Dividend maintained and the dividend cover has improved which is good. I'm not sure what it would take to send the share price much above 1300. Question is: is the share price going to stay sub 1300 so I can buy some more when the dividend is paid?

[trt] 06/9/2012 13:44

Investec reissue BUY rating after today's results

[trt] 06/9/2012 07:13

Solid set of results and yet another huge dividend payout !!

[trt] 05/9/2012 13:34

Results tomorrow

[smelgys mum] 25/8/2012 20:52

I used to like Go Ahead biscuits when I was alive.

[smelgys mum] 25/8/2012 20:52

I used to like Go Ahead biscuits

[trt] 22/8/2012 09:14

For me its a good time to top up before the results on the 6th September !!!

[bunnji] 21/8/2012 20:43

OOOOPS, still does'nt like popping it's head over 13 quid.

[trt] 21/8/2012 09:20

Southeastern announces 7.7 million passenger journeys made during London 2012 Olympic Games

16 August 2012
Southeastern announced this week that more than 7.7 million passenger journeys were made on its services during the London 2012 Olympic Games. Approximately 1.4 million of those passenger journeys were made on the Javelin® service.

This is a 20 percent increase on the number of people travelling at the same time last year.

Full year results 6th September 2012

[trt] 20/8/2012 12:26

I wouldn't think so - money is key to the treasury !
GOG looking good for the Thameslink franchise IMHO

[phil140158] 20/8/2012 11:51

trt - do you think First Group success on the West Coast line, will have any impact on future franchise awards?

[trt] 20/8/2012 11:04

Moving up slowly but surely these days !!

[trt] 21/6/2012 16:37

Yes very solid.

[gorse] 21/6/2012 11:38

Seems pretty good.

[phil140158] 15/6/2012 18:45

Well, that's a pleasant surprise on coming in from work. Any one any ideas as to why the share price is perking up? Can't be the state of the economy!