I did wonder why it has surged |
(Sharecast News) - Transport operator FirstGroup surged on Monday following a report that its US operations have attracted interest from several major private equity firms.
According to The Sunday Telegraph, Canary Wharf owner Brookfield, Apollo Global Management and KKR are among a group of potential suitors for FirstStudent and FirstTransit.
The Telegraph cited sources as saying that FirstGroup's financial advisers have restarted a sales process in recent weeks and attracted "significant" private equity interest.
I Squared Capital, the owner of Irish energy firm Energia, was also understood to have registered its interest. |
My nob is on the table..looking to take it off at £1.30 initially, then looking to put the nob back on the table.
Hope this helps |
Application has been made to the UK Listing Authority (FCA) and the London Stock Exchange (LSE) for a block listing totalling 800,000 ordinary shares of 5 pence each in the capital of FirstGroup plc to trade on the LSE and to be admitted to the FCA’s Official List. The shares shall rank pari passu with the existing issued shares of the Company.
Admission of the shares is expected to take place on 25 August 2020.
Could be some sales next week |
FirstGroup plc (‘FirstGroup’ or ‘the Group’) welcomes the extension of funding from the Department for Transport (‘DfT’) to support the provision of vital services by regional bus operators in England during the coronavirus pandemic. The new funding round of £218.4m for the industry under the COVID-19 Bus Service Support Grant Restart (‘CBSSG Restart’) programme extends the arrangements previously announced at the end of May for the next eight weeks. Furthermore, the Government has confirmed that rolling funding of up to £27.3m per week will continue to be made available under the programme thereafter, until such time as it is no longer needed. This commitment, on substantially the same terms as previously announced, demonstrates the value placed on bus services to support the restart of local economies, get people back to work and children back to school from September. |
https://www.gov.uk/government/news/government-extends-coronavirus-support-for-buses-and-trams-total-funding-tops-700-million |
Took a small gamble here, hoping it stays in business for 2 year’s |
Some profit taking yesterday but creeping up again today.
There do seem to be more people using the local buses again. Still a bargain IMO. |
This will be double the price by December
Only a matter of time before American
Disposal. |
Very very cheap! |
These were £8.50 12 years ago
Once the yank side is disposed of I can see £1 plus again. |
So if the world isn't coming to an end these shares are cheap, right? |
What kind of reply is that you nob. Is it becos you have level 4 nob inside your rear end?..or is it becos your a genuine nob that has no respect for folk who can't speak or write like you?
Sensible comments appreciated you Sheepshagging minjsniffer
Sanks..genuinely looking to put my nob on the table with a level 4 target of £2.70 once they've sold out of the US |
Can anyone translate that last comment into English please? |
when they raise funds they should offer via PrimaryBid and safe the massive broker fees of rights issue. |
hxxps://news.sky.com/story/coronavirus-firstgroup-warns-of-material-uncertainty-over-its-future-12024022
placing at 10p should sort them out, they just need to get it done before things turn ugly! |
The 10 analysts offering 12 month price targets for FirstGroup plc have a median target of 75.00, with a high estimate of 124.00 and a low estimate of 50.00. The median estimate represents a 116.89% increase from the last price of 34.58. |
Super news. Will start to build a position now there is some clarity. |
Coronavirus: Boris Johnson to RELAX train and bus restrictions https://mol.im/a/8529383 |
Public transport is exactly that
To draw people away from the one car one driver scenario.a six month virus is not going to radically change workers travel habits.come back to me in six months time and tell me everyone is working from home and playing with their children then |
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