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Share Name | Share Symbol | Market | Stock Type |
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Firstgroup Plc | FGP | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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165.30 |
Industry Sector |
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TRAVEL & LEISURE |
Top Posts |
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Posted at 29/4/2021 12:27 by chess123 Day traders are using first as a punch bag, some making peanuts, i now realize that the risk here is high, would love a rns or Directors buying in, to help calm nerves as to me anyway the fall is highly unusual, makes investors scared , and sell when they shouldn't. |
Posted at 29/4/2021 07:56 by sanks Great name Mess..just like your portfolio.My nob remains off the table..Mess nob remains on the table. No shortage of thick minjsniffing investors in this game. Hope the 7p target is helping |
Posted at 09/11/2020 11:22 by joestalin FirstGroup plcStatement re: Covenant amendment and liquidity update As previously indicated in the trading update of 15 September 2020, FirstGroup plc (‘FirstGroup The Group has therefore agreed covenant amendments for the 31 March 2021 and 30 September 2021 tests with its lending banks and USPP investors on similar terms. The net debt:EBITDA covenant has been amended to less than 5.5 times and then 4.5 times for the March and September tests respectively (compared to 3.75 times normally). At both testing dates the fixed charge covenant has also been amended to greater than 1.0 times (compared to 1.4 times normally). The Group has agreed that net debt including rail ring-fenced cash will not exceed £2.0bn and minimum liquidity levels of £150m will be maintained during this period. The Group’s free cash (before rail ring-fenced cash) and undrawn committed revolving banking facilities has remained broadly stable at c.£810m as at 6 November 2020. The Group has ‘investment grade’ long-term issuer credit ratings from both Fitch Ratings and S&P Global Ratings. The Group will continue to take all prudent and appropriate action to ensure that it emerges from the pandemic in the most robust position possible |
Posted at 09/10/2020 13:42 by captain stock I totally agree, when it moves it will do so quickly. Market Cap is silly at the moment.4 billion just for the US side of the business. First Student operates 42,500 of the distinctive bright yellow school buses in the US and Canada. The First Transit division is one of the biggest providers of public transport across North America, used by 324m passengers each year, according to the company's website.FirstGroup today put its huge North American contract buses operations up for sale for around $4 billion after more than a year of pressure from an activist investor. |
Posted at 07/9/2020 19:34 by valuetracker No investor worth their salt is investing in transportation services of any kind at this time. This recent manufactured rise on low volume is simply a transfer mechanism to ensure retail investors carry the risk of holding until the market stabilises. 20p is the target. |
Posted at 29/5/2019 12:46 by connorcampbell !YOUTUBEVIDEO:uvxsElWill FirstGroup hit at speed bump following Thursday’s full year results? The main reason for its recent rise is speculation that the firm could be broken up. Coast Capital Management are trying to force change at the company with a list of demands, top of which being the separation of its US assets – which includes Greyhound, First Transit and First Student buses, alongside the A-Train – to generate £3 billion in re-investable capital. It also thinks FirstGroup should remove itself from the British railway arena, a move that would effectively hand the West Coast Mainline to a consortium led by the Chinese state-owned Guangshen Railway Company. Coast Capital also wants a serious shake-up at the top. Investors will want word of when the rescheduled general meeting requested by Coast Capital will happen, alongside an improvement at the struggling Greyhound bus division. Read what Spreadex analysts have to say, or watch a 60 second preview, here: |
Posted at 29/5/2019 12:45 by connorcampbell Will FirstGroup hit at speed bump following Thursday’s full year results?The main reason for its recent rise is speculation that the firm could be broken up. Coast Capital Management are trying to force change at the company with a list of demands, top of which being the separation of its US assets – which includes Greyhound, First Transit and First Student buses, alongside the A-Train – to generate £3 billion in re-investable capital. It also thinks FirstGroup should remove itself from the British railway arena, a move that would effectively hand the West Coast Mainline to a consortium led by the Chinese state-owned Guangshen Railway Company. Coast Capital also wants a serious shake-up at the top. Investors will want word of when the rescheduled general meeting requested by Coast Capital will happen, alongside an improvement at the struggling Greyhound bus division. Read what Spreadex analysts have to say, or watch a 60 second preview, here: hxxps://spreadex.com |
Posted at 21/2/2018 22:09 by boraki IC ViewThe shares fell 13 per cent on the morning of the news, but there is still reason to be optimistic about FirstGroup. Refinancing of the group’s debt will cost a one-off £11m but will save £14m annually from next year. FirstGroup already has much less debt compared with transport peers Stagecoach (SGC) and Go-Ahead (GOG). This is especially true considering its corporate tax rate in the US will fall in percentage terms from the mid-30s to low 20s. We think this still looks like a long-term recovery story. At 85p, or seven times forward earnings, we reckon investors should take advantage of the shares' weakness. Buy. Last IC View: Buy, 94p, 14 Nov 2017 |
Posted at 07/1/2017 12:50 by pyueck Until the market has any confidence of this company delivering on any of its promises the share price will struggle. The directors must think investors have memories like sieves. We were promised:- Dividends to rise in line with inflation - Then after rights issue £50m dividend first year and then 2-2.5 times cover going forward - capital spending to peak in ye 2016, it didn't it is still rising - margins to be in double figures in medium term (2013 strategy). We are nowhere near and it's 2017. - the rubbish that we have been flogged about the fall in their biggest cost fuel being the reason for greyhounds problems. It's not, it's cheaper competitors like megabus offering as good/better service at lower costs. I still think at some point this stock could come good. The fundamentals are still pretty solid, if the could just improve margins a bit and if they could negotiate lower interest on bonds this could fly. However in my experience there are some companies that just have a habit of continually disappointing and this is one. The results are usually a catalogue of excuses, low fuel, snow, traffic, rain, strikes, unhappy drivers, not enough drivers etc etc. I guess the company is large and every year some things will go wrong but that should just be business as usual not an annual reason as to why they have missed all their targets. Yet still the directors have done very nicely out of this all.... |
Posted at 24/5/2016 20:28 by pyueck The time between results is ridiculous, almost 6 months between update in January and June. Bring back the old reporting, the knowledge gap between investors and management is too large. |
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