Firstgroup Share Discussion Threads

[paulof2] 22/4/2021 23:55

hxxps://news.sky.com/story/firstgroup-ends-long-journey-to-sale-of-us-bus-operations-with-3-3bn-eqt-deal-12284357 Huge - £800m more than was rumoured. Massive value here based off that

[the real capitalcity] 02/3/2021 15:49

Schroders increasing... :-)

[knowing] 26/2/2021 15:51

Well I suppose we could here further on the US OPs at anytime

[paulof2] 26/2/2021 15:49

This is doing very well today given overall market is getting a hammering. Up the second largest amount on ftse250 today on no update, hopefully means news is afoot.

[the real capitalcity] 26/2/2021 12:19

Knowing -> Agreed, and at this price these are still looking very cheap. I invested earlier this year and looking at the 3/6 month chart these are heading towards 100p in the next 4-6 weeks (if not sooner) There may be some volatility on the way but I'm certain the upside looks promising.

[knowing] 26/2/2021 09:31

Travel and Transport stocks are certainly in demand.

[thamestrader] 23/2/2021 12:54

Worrying times ahead for UK bus/rail operators, IMHO. Operators are typically running 80-90% of their usual mileage, but carrying only 15-20% of the usual passengers. Government grants are filling the gap, but these are due to end 8 weeks after lockdown ends. With the government message (or personal preference, new habits) still being 'avoid public transport' and 'work from home if you can', there is bound to be a huge revenue shortfall.

[knowing] 23/2/2021 12:29

Well call me mad but added a few more on that dip

[knowing] 22/2/2021 16:26

Reacting nicely to the news today. We move back to a new normal but there is light at the end of the tunnel.

[the real capitalcity] 19/2/2021 16:14

It's precisely the reason I invested. Well that and the other valuable assets they are looking to unload...DYOR...

[knowing] 19/2/2021 14:27

Added some more here. Like the recovery so far and with us moving out of lockdown can only see this recovering further.

[joestalin] 13/2/2021 17:21

Johnson will set out his "road map" out of lockdown on 22 February. We should have a better idea by then.

[the real capitalcity] 13/2/2021 15:34

I agree Joe, thats why I suggested 'without news' . (either positive or negative)With news or external factors such as the opening up of society or extended lockdowns this will possibly move more (either way)All of that said, there is still value in the company either in assets if sold or as an ongoing business with the right leadership.

[joestalin] 13/2/2021 11:28

I am not a chartist either but, like most other shares, this one is dependent upon extraneous influences right now, and not previous chart readings.

[the real capitalcity] 13/2/2021 07:46

I'm not a chartist, but it looks like it may be near the bottom of a narrow range, with around 5-10% upside without news in the short term.There is still value in the company, its products ans importantly its assets both here and abroad. Of course DYOR and understand the risks and possible rewards.I did, and that's why I invested...

[knowing] 11/2/2021 17:02

No we had other disposal news but nothing regarding the main event as yet.

[the real capitalcity] 11/2/2021 16:46

Has anyone heard any more about the Sky news report from December suggesting that a bid had been made for First Transit and First Student for £2.5bn as well as other US assets.

[knowing] 05/2/2021 14:31

Next resistance looks around a pound

[knowing] 05/2/2021 10:48

This has some catching up to do looking at NEX

[knowing] 04/2/2021 19:35

Firstgroup (FGP) CitigroupTop Pick-90.00

[knowing] 04/2/2021 15:23

Https://www.bbc.co.uk/news/business-55934405 Bank of England: Economy to rebound strongly due to vaccine

[cyberbub] 27/1/2021 10:21

Paulof, do the US companies have a lot of debt? ie will any sale proceeds have debt deducted before sending the cash to First Group?

[paulof2] 14/1/2021 20:07

Pretty much cyber, hopefully there be other bids too. They’ve also got the benefit of the greyhound sales, one that made 100m profit a couple of weeks ago.

[joestalin] 14/1/2021 10:15

Sitting on the sidelines to see how this plays out.