Another -70p and I'm in Entry target 7p
Hope this helps |
The thing is chess you say it was good news about the US disposal. But was it?
Concentrate on what's left and what it's worth IMO. |
This share price really is weird, dropped 4% since great news regarding the sale of the American business, 84p friday to 101p then now down to 80p WTF. Resistance was showing at 81p from there if it doesn't hold showing as 74p, Long suffering shareholders is putting it mildly.. |
no more good news please. share price doesn't respond well |
Take 30p out from the 85p before the news = 55p.. Then take 25p risk/reward out = 30p.. Then take 23p Shaggers drip out = 7p
Hope this is helping Sanks..updating level 4 with a 7p entry target |
Avanti bookings have went through the roof, especially from England to Scotland edinburgh is particularly popular, the Caledonia sleeper (serco) is also seeing a similar rise, people staying in the uk, this bodes well for first group obviously the west coast is part of a shared franchise 70% owned by first group ,it is very profitable, im not sure about the buses but management seem very confident going forward the 30p dividend is going to be paid and they said this year we're nearly in may so im holding especially for the dividend, but must confess the drop from 100p on Friday to 83p today is surprising as the news was great , i thought would go above the 100p and stay there. Wonder if the share is being shorted |
It's becos me and my bird Sheila have put in a buy order at 11p and 7p respectively
Hope this helps |
Idiots were buying on Friday? |
100p to 84p since Friday. what's up? |
Yes as long as they continue as planned |
So if you buy shares now, will you get the 30p earnings per share from sale? |
Stock is lower now than before the sale announcement |
Well,
IN THE KNOW: Liberum says buy FirstGroup after US bus unit disposal m reiterated its Buy rating on FirstGroup saying the sale of the transport firm's US school bus operations will lead to a more simplified company... |
The bus and any rail profits will also have to ensure a 6 billion pension scheme is fully funded. |
Plus future dividends |
thanks, so not much upside from here? 110p is including the 30p special divi ? |
Could have purchased for 35p end July last year. Get 30p back before end thus year, you would have your entire investment effectively for free. Stuff that dreams are made of. Does this represent fair value at 60p ps without the north American operations |
Not at the moment but the headlines are good:
Summary
* c.£3.3bn ($4.6bn) headline enterprise value, including First Transit earnout of up to c.£170m * Transaction fully recognises the long-term, strategic value of First Student and First Transit - headline multiple of 8.9x combined FY20 EBITDA (on a pre-IFRS 16 basis) * c.£2,190m initial net proceeds (after deducting First Student and First Transit self-insurance liabilities valued at c.£390m and c.£505m in debt and debt-like items, net working capital and other adjustments) to be used in addressing longstanding liabilities, ensuring the Group has sufficient means for the future development of its retained businesses, and enabling a return of value to shareholders:
* c.£1,345m to be used to reduce indebtedness (including £300m CCFF repayment to UK Government) and to derisk other liabilities (including for North American legacy pensions and self-insurance) * £336m contribution to the UK Bus and Group pension schemes (of which £116m to be held in escrow), enabling move to low dependency funding position * c.£100m initial pro forma Retained Group net debt to ensure adequate financial resources are available * c.£365m proposed return of value (30 pence per share) to shareholders during current calendar year * Potential for further distributions to shareholders in due course, including following resolution of Greyhound, crystallisation of the First Transit earnout, and as UK end markets recover
* Ongoing FirstGroup will be a leader in public transportation focused on the UK, with a strong platform on which to create sustainable value:
* Well-capitalised and de-risked balance sheet * Cash generative operating model that will support an attractive dividend |
any idea what fair value is based on this deal? |
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 |
Schroders increasing... :-) |