Flixbus is offering lower prices on long distance routes. |
London to Edinburgh... on the £15 express! Budget rail service will offer fares between the two capitals at rock-bottom prices https://www.dailymail.co.uk/news/article-9964147/Budget-rail-service-offer-fares-London-Edinburgh-rock-bottom-prices.htmlLumo is owned by First Group |
More director purchases albeit only 15k from a non exec. Lots of positives; no covid traces on trains in a recent study, staycations this year, trainline seeing underlying growth in ticket sales all point towards organic growth here, we have a c.41p cash return to look forward to, a strong balance sheet and the cherry on the cake would be a Greyhound sale! Ok i’m asking too much on the dog of the business…. |
Encouraging to see the Director purchases after the closed period end. By my calcs we will have 41p returned as a special and forecast earnings is around 5p for 2022 so we are trading on a forward PE of around 8 times. With a strong balance sheet, economy opening up and the ESG angle (public transport) this looks a decent long term hold for me. |
Don't say you was never told! My bird Sheila tells me, we're in for another lockdown...cases are rising.. hence, shares will drip. hence we have Level 4 target of 7p
Hope this helps |
FIRSTGROUP PLC STATEMENT RE: UK GOVERNMENT FUNDING FOR BUS INDUSTRY
FirstGroup plc (‘FirstGroup8217; or ‘the Group’) welcomes the announcement by the Department for Transport (‘DfT’) of a bus recovery funding package to support the provision of vital services by regional bus operators in England as pandemic restrictions ease.
The new funding of £226.5m over six months will reinforce delivery of local bus services across England as passenger numbers rebuild. The funding package will support the industry’s transition away from the COVID-19 Bus Service Support Grant (‘CBSSG’) programme, which has been in place since May 2020 and will formally come to end on 1 September with the introduction of the new package. |
Sanks,
There will soon be more vaccines available that you can inject into the end of your crusty bell end.
No 3rd lockdown !
Hope this helps |
Covid Indian & Thai variant on the rise..Lockdown 3 is looming!!
Level 4 shows a drip to 7p Not prepared to risk putting my nob on the table at the moment
Hope this helps |
* Firstgroup Plc : Citigroup raises price target to 114p from 90p |
Shareholders give First Group the green light to sell US school bus and transit divisions for £3.3bnhTTps://www.thisismoney.co.uk/money/markets/article-9627187/First-Group-given-green-light-sell-school-bus-divisions.html |
Schroders joins in |
Firstgroup (FGP) Liberum Capital Buy - 105.00 |
hTTps://www.theguardian.com/commentisfree/2021/may/20/the-us-should-nationalize-the-greyhound-bus-company-hear-me-out? |
New public body Great British Railways to integrate the railways and deliver passenger-focused travel with simpler, modern fares and reliable services.hTTps://www.gov.uk/government/news/great-british-railways-for-the-passenger |
Level 4 shows a technical drip to 7p Not prepared to risk putting my nob on the table at the moment
Hope this helps |
Massive buys in today... |
In theory, if the share is accurately valued. |
Remember : If they dish out a 30P div the share price will drop by 30p when it goes ex div! |
This was a loss making business for the company so will have a positive impact on the bottom line. |
hTTps://www.theguardian.com/world/2021/may/13/greyhound-canada-end-routes-rural-communitiesGreyhound Canada will permanently cease its intercity bus operations |