Firstgroup Share Discussion Threads

[slaterlpj] 05/7/2013 14:06

Not skilled with charts, what does a "bowl" signify?

[cockneyrebel] 05/7/2013 13:35

Lovely bowl forming on the chart:

[cockneyrebel] 04/7/2013 17:39

TIDMFGP

FIRSTGROUP PLC
(`FirstGroup' or `the Group')

Statement re: SHORTLISTING FOR TWO RAIL COMPETITIONS



FirstGroup has been shortlisted for the Caledonian Sleeper franchise
competition by the Scottish Government. The Group currently operates the
Caledonian Sleeper - which connects Inverness, Fort William, Aberdeen,
Edinburgh and Glasgow to London - as part of the First ScotRail franchise. The
new 15 year sleeper franchise will be awarded next year and is expected to
start in April 2015.

The Group has also been shortlisted to tender for Luas, the light rail network
in Dublin, by the Railway Procurement Agency. The successful operator will
commence running services on the Luas Red and Green lines in September 2014 and
will also be responsible for operating the new Luas Cross City line when it
comes into service.

Commenting, Vernon Barker, FirstGroup's Managing Director, UK Rail said:

"We are delighted to have been shortlisted for these two competitions.

"We are the UK's only operator of sleeper trains and have strong expertise in
Scotland as the current operators of First ScotRail, which is carrying more
passengers than ever before whilst seeing record high customer satisfaction
scores. First ScotRail is also the current Scottish Public Transport Operator
of the Year.

"In light rail, we already operate the Tramlink network, which we run on behalf
of Transport for London and which enjoys the best performance and customer
satisfaction levels of any of TfL's services.

"We look forward to building on these positions and submitting competitive
proposals which meet the needs of customers and taxpayers for both
competitions."

Further information, FirstGroup:
Stuart Butchers, Group Corporate Communications Manager
Tel: [phone]

[seccol] 04/7/2013 14:52

Robert whilst Citigroup has cut target to 105p
Nomura today has cut from 170p to 130p...if they are correct good upside.

[robertfaulkner] 04/7/2013 14:05

FTSE up nearly 200 points(2.9%) but taking a rest now

[bigman786] 04/7/2013 13:59

Nice of us to be Joining the party. Not sure tho why the big party today - just gonna check Bloomberg.

[robertfaulkner] 04/7/2013 13:49

Punters are buying at 99.05p they know it's still cheap

Come on above 100p just to show you can!!!

[hippo] 04/7/2013 13:22

I bought for the first time here last week. Placing out of the way, debt subsequently reduced, as all the signs of a nice recover play over the next 24 months.

[seccol] 04/7/2013 13:03

Sun got to you?;-))

[gucci] 04/7/2013 13:03

i reckon 125p first stop

[robertfaulkner] 04/7/2013 13:00

FGP seems to be following FTSE, is that a good sign that the share price will now be on fundamentals not the RI

If it could just push up above 100p!

[cockneyrebel] 04/7/2013 10:32

Chart turning up here imo:

[robertfaulkner] 03/7/2013 20:31

Well closed virtually unchanged, that's almost positive after the drop during day.

[miahkaysor] 03/7/2013 10:10

This will close blue today imo.

[robertfaulkner] 03/7/2013 08:59

Now over the ton

[nomdeplume] 03/7/2013 08:57

Worry not Robert, the last time I looked it was down 71 points.

[robertfaulkner] 03/7/2013 08:23

'TIMBER!!!' Oh dear, do they know something we don't know.

Or is it the FTSE down 65 points

[miata] 02/7/2013 16:11

slaterpj, no probably less; we may see a pickup along with the FTSE in October when all the members of pension fund investment committees have returned from their holidays and start looking for places to put accumulated cash to work.

[davred20] 02/7/2013 15:59

nobody need worry first and stagecoach r raking cash in like no tomorrow
I worked for first and work for stagecoach.
never seen so many passengers get on bus .
I thought slavery had been abolished only thing missing today are the shackels.
this will be market makers trying to unload .
read national express trading update
these should fly when first put out a upto date trading statement

[slaterlpj] 02/7/2013 11:24

Miata, is your "some time" timeframe the same as Dr Biotech's 12-18 months?

[miata] 02/7/2013 11:03

My guess is that is unlikely Robert, the subscribers are likely to want to make at least 10% but the potential of that 12.39% overhang being unloaded will weigh on the price for some time.

[dr biotech] 02/7/2013 10:37

GBP5 is £5 rather than 5p. Think it will be while before the share price starts to rise, but over 12-18 months I think it will be decent enough

[robertfaulkner] 02/7/2013 10:26

Although the rump of RIs only achieved 91p I thought the share price would soon be above 100p after the RI was out of the way.

Is it known who bought the rump?

This rump 90 million shares, are some just being resold at say 96p, a 5p profit, so holding the share price down?

[robertfaulkner] 02/7/2013 10:20

FROM RNS
"Following the announcement earlier today regarding valid acceptances under the
fully underwritten Rights Issue announced by FirstGroup plc (the "Company") on
20 May 2013, the Company confirms that Goldman Sachs International, J.P. Morgan
Securities plc and Merrill Lynch International, in their capacity as Joint
Bookrunners, have procured subscribers for all of the 89,540,973 New Ordinary
Shares for which valid acceptances were not received, representing 12.39 per
cent. of New Ordinary Shares, at a price of 91 pence per New Ordinary Share.

The net proceeds from the placing of such New Ordinary Shares (after the
deduction of the Issue Price of 85 pence per New Ordinary Share and the
expenses of procuring subscribers including any applicable brokerage and
commissions and amounts in respect of VAT which are not recoverable, if any)
will be paid (without interest) to those persons whose rights have lapsed in
accordance with the terms of the Rights Issue, pro rata to their lapsed
provisional allotments, save that individual amounts of less than GBP5 will not
be paid to such persons but will be paid to the Company."

Looks like the lapsed RIs will get back 6p per share less expenses

When I read the above I thought it meant that if the results after deducting expenes was 5p or less then the shareholder won't get anything, but I think it means if the total owed to the shareholder is less than 5p (shareholder only had 1 share)they won't get anything