Firstgroup Share Discussion Threads

[navigo] 12/11/2024 15:22

There is a determined effort to force the price down today led by "PH" !!

[sundan] 26/10/2024 08:26

FirstGroup to enter "new regions" as buys Cheshire-based Lakeside
October 25, 2024 at 03:56 am EDT
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(Alliance News) - FirstGroup PLC said it has acquired a Cheshire-based provider of school, B2B and B2C private transport hire services.

FirstGroup Chief Executive Officer Graham Sutherland said: "The acquisition of Lakeside, a profitable business with excellent growth potential, builds on our recent acquisitions in First Bus. The addition to our portfolio will not only grow our position in adjacent services, but it will also allow us to enter new regions which is key to the overall First Bus strategy."

The transport firm said the buy of Lakeside Group boosts its "coaching business and offers the potential to increase our presence in the West Midlands". Lakeside has a fleet of 145 buses and coaches. Its stable includes the Lakeside Coaches, Merediths Coaches and AT Brown Coaches brands.

"The majority of Lakeside's revenue is derived from school and private hire contracts, with the remaining revenue coming from tours, a small local bus operation (under contract to Shropshire County Council) and B2B operations. The business has grown significantly over recent years, both organically and inorganically, and has retained strong levels of profitability," FirstGroup said.

Lakeside achieved revenue of GBP12.5 million and adjusted earnings before interest and tax of GBP2.5 million in the year to March 31. FirstGroup did not disclose the sum of the acquisition.

FirstGroup added: "Neal Hall, the managing director of Lakeside, will continue to manage the business on a day-to-day basis going forward. Gareth Davies, the owner of Lakeside, will continue to lead the business and will join First Bus to support the ongoing development of its wider coaching strategy.

"The acquisitions we have made in recent years, in line with our stated strategy to grow and diversify the First Bus portfolio, now represent combined annualised revenues of GBP100 million and Ebit of GBP13 million and we continue to evaluate a pipeline of organic and inorganic growth opportunities."

FirstGroup shares were 0.2% lower at 137.00 pence each in London on Friday morning.

By Eric Cunha, Alliance News news editor

Comments and questions to [e-mail]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

[sundan] 21/10/2024 08:17

FirstGroup buys London coach operator Anderson Travel
October 21, 2024 at 04:12 am EDT
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(Alliance News) - FirstGroup PLC on Monday said it has bought Anderson Travel for an undisclosed price, aimed at expanding its coach services in and around London.

The Aberdeen-based public transport provider said Anderson Travel provides contracted school, private hire, mini coach and tour services around the UK's capital city.

The acquisition includes Anderson Travel Ltd, Anderson Tours Ltd and London Mini Coaches Ltd.

Anderson operators around 40 coaches in and around London from a depot near Tower Bridge and a new smaller depot near Heathrow Airport.

In the financial year that ended June 30, 2023, Anderson Travel reported earnings before interest and tax of GBP1.0 million on revenue of GBP7.3 million.

FirstGroup Chief Executive Officer Graham Sutherland said: "The acquisition of Anderson Travel, an experienced and profitable coach company, builds on our recent strategic acquisitions in the B2B and B2C coach market. We will continue to identify and assess opportunities to diversify and grow as we increase our share of the adjacent services market in the UK, where we see considerable opportunity for stable, long-term and value accretive growth."

The company aims to release its results for the six months that ended September 28 on November 14.

FirstGroup shares were 0.7% higher at 140.20 pence each on Monday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to [e-mail]

[ccr1958] 15/10/2024 14:22

Looks like its bottomed to me especially with the Director buying 150 quids worth ..

[ska_man] 16/3/2024 11:08

RNS yesterday , 8.3 of the takeover code.

Can't seem to find it now ......sorry.

[bunny24] 16/3/2024 09:17

Where did you see that about vanguard?

[ska_man] 15/3/2024 16:36

Looks like the Vanguard Group increasing their position , with a view to a takeover maybe ?

[top_cat] 15/3/2024 15:21

Up 8% today.

WTF is happening?

[shareho1der] 05/3/2024 08:19

Firstbus will be losing its Oldham depot to Stagecoachbus at the end of the month.

[fund1] 17/11/2023 17:28

What price target do people realistically have

[volsung] 17/11/2023 09:14

These have been one f my best performers this year.
New electrification deal with Hitachi today

[american idiot] 11/5/2023 06:58

Down she goes...



TransPennine Express has lost its contract to run its service following customer complaints of poor service and cancelled trains.

The government has announced it will now run the rail service, which covers the North of England and parts of Scotland.

There had been calls for its contract to be removed after poor levels of service over the past year.

Around one in six of its services were cancelled in March.

This was the highest rate in the UK.

The Department for Transport said that TransPennine's contract would not be renewed on 28 May.

It will now be run by an "Operator of Last Resort" which means a business will step in on behalf of the government to take over the management of the service.

Transport Secretary Mark Harper said: "After months of commuters and Northern businesses bearing the brunt of continuous cancellations, I've made the decision to bring Transpennine Express into Operator of Last Resort."

Transpennine - which is run by the company FirstGroup - has stood out for the number of trains it has cancelled the night before they are due to run, because of staff shortages.

[american idiot] 15/3/2023 10:40

Such strength in the share price ..underpinned by a strong balance sheet + current trading better than expectations.

Excellent - If the markets werent having a meltdown this would be at least 10p higher than current levels..

[american idiot] 13/3/2023 09:55

This is a nice little dip to buy into here....especially after Fridays positive trade update...I'm in @ 103.3p.

FY 2023 Guidance
As a result of the factors detailed above, the Group anticipates that the FY
2023 Group adjusted operating profit and Group adjusted attributable profit
will be ahead of the Group's previous expectations. The Group's expectations
for FY 2024 remain unchanged.

[kalai1] 10/3/2023 12:30

FirstGroup PLC issued a positive Trading Update for the period since November 2022. Guidance was raised, FY 2023 Group adjusted operating profit and adjusted attributable profit will be ahead of the Group’s previous expectations. First Bus improved performance was driven by higher passenger volumes in H2 2023 and driver resource pressures easing in certain locations. First Rail open access operations also benefitted from stronger than anticipated passenger demand over the winter months. The acquisition of Ensign Bus Company Limited completed during the period, while management expect to receive around £74m as earnout consideration from the sale of First Transit to Transdev North America. Valuation looks relatively attractive with forward PE at 12x and PS ratio at just 0.17x, share price lacks some momentum. FGP is a solid Passenger Transportation name that has been repositioned in recent years. Not particularly exciting, but not a bad defensive name to hold in a portfolio either, particularly with the UK economy in recession...

...from WealthOracle

[thamestrader] 06/12/2022 14:24

First have given up its operations in Southampton. Didn't sell it to anyone, just closed it down.

[vas007] 11/11/2022 08:27

Is there any talk of a takeover?

[blackhorse23] 14/9/2022 22:41

https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[livewireplus] 12/9/2022 14:19

Indeed... McGill's seem to be growing by acquisition in Scotland as they previously took over the Dundee operation of National Express ....

[thamestrader] 08/9/2022 07:34

Odd there has been no announcement, but First are disposing of two Scottish subsidiaries, Midland Bluebird and West Lothian. McGills take over on 19 September.

This leaves First with Glasgow (huge) and Aberdeen.

[knowing] 16/8/2022 20:12

FirstGroup suitor walks away from £1.3bn-plus deal but leaves door open for possible return to negotiating table

[livewireplus] 16/8/2022 13:46

So much for that ... RNS out for 'No intention to make an offer for FirstGroup plc'.

[livewireplus] 12/8/2022 11:58

Indeed .... subsequently Berenberg's target price has been raised to 160p from 150p.