Firstgroup Share Discussion Threads

[pyueck] 16/7/2013 11:17

Trading update tomorrow morning, so important. If we hear margin improvement schemes being seen delivering, if we hear performance in line with expectations, if we hear revenue up anywhere between 2-5%, if we hear initial forecast profits for year in line with expectations investors will be somewhat more comfortable.

If we hear the usual claptrap of margins under pressure, higher fuel prices, passenger budgets tight etc etc ill be worried.

[robertfaulkner] 16/7/2013 10:45

Still looking a bit shorted????

Hope they get burnt

[miata] 15/7/2013 16:32

Some buying volume, eg:
5/07/13 16:24 91.727 23,558 O 91.55 91.65 Buy

[pyueck] 15/7/2013 16:25

This share is in freefall just like pre rights issue. Just hit 93.05p!

[miata] 15/7/2013 16:22

AGM Resolution 14
Authority to allot shares (Ordinary Resolution)
Paragraph (A) of this resolution would give the Directors the authority to allot ordinary shares or grant rights to subscribe for or convert any securities into ordinary shares up to an aggregate nominal amount equal to £8,031,773 (representing 160,635,460 ordinary shares of 5 pence each). This amount represents approximately one-third of the issued ordinary share capital (excluding treasury shares) of the Company as at 20 May 2013, the latest practicable date prior to publication of the Notice of Meeting.
In line with guidance issued by the Association of British Insurers ('ABI'), paragraph (B) of this resolution would give the Directors authority to allot ordinary shares or grant rights to subscribe for or convert any securities into ordinary shares in connection with a rights issue in favour of ordinary shareholders up to an aggregate nominal amount equal to £16,063,546 (representing 321,270,920 ordinary shares of 5 pence each), as reduced by the nominal amount of any shares issued under paragraph (A) of this resolution. This amount (before any reduction) represents approximately two-thirds of the issued ordinary share capital (excluding treasury shares) of the Company as at 20 May 2013, the latest practicable date prior to publication of the Notice of Meeting.

------
Re Dividend
2012/13 and 2013/14:
–no final dividend in respect of the year to 31 March 2013
–no interim dividend in respect of the year to 31 March 2014
–final dividend for the year to 31 March 2014 subject to performance in line with expectations; up to £50m aggregate ( ie pay August 2014 )
•2014/15 and beyond: the Board proposes a progressive dividend policy to target 2.0 – 2.5x cover

[pyueck] 15/7/2013 15:34

Should be trading update with AGM Wednesday, big day.

[dr biotech] 15/7/2013 11:02

Think it is referring to this financial year so the payout would next year. I'm not sure how good Questors record is - but they normally give fair if conservative opinions.

[careful] 15/7/2013 10:54

the company asks you for a pile of cash in a rights issue,
then proposes to give you a little bit of your own cash back.

pointless, why are you so pleased?

[slaterlpj] 15/7/2013 10:39

"The company has rebased the dividend and is expected to pay out 4p this year."

I thought the divi had been suspended until 2014, when the company 'hopes' to reinstate it. I wasn't expecting another payment this year. Has it changed?

[kluk069] 15/7/2013 07:53

Many thanks for forwarding such an informative article, Dr Biotech.

[miata] 13/7/2013 10:34

Never gently rising, bumping along in a week when the FTSE100 rose 2.7%.

This week Morgan Stanley reduced its ultimate target price from 113p to 104p
Analysts at Investec cut their price target on the shares from 110p to 103p last week. RBC Capital have a target of 105p and UBS have dropped their target to 100p.

We are however above the 52-week low of 90.3p

[robertfaulkner] 13/7/2013 09:04

Well found Dr B, it's a shame the gently rising share price seems to have petered out

[kluk069] 13/7/2013 01:04

Unsure of reasons why but fgp a noticeable underperformer in a positive week.

[sanks] 12/7/2013 12:32

"Debt unmanageable = dividend cut = quick fire asset sale = less revenue = breach of banking convenants = debt for equity = shareholders stuffed = SHAGGED! = 9p"

[sanks] 12/7/2013 12:31

It may be advisable to look at the "Tit & Nipple" formation.
Me and Sheila have used it to our advantage on many occasions...we're using it now to our advantage, hence the 9p level 4 target is only circa 90p away.

I really hope this is starting to make some sense.
Sanks.........trading amongst genuine washinglineknickerpinchers

[freddie ferret] 09/7/2013 18:03

It's had a rights issue.

[cockneyrebel] 09/7/2013 14:35

This chart is turning up imo:

[robertfaulkner] 09/7/2013 14:11

Come on baby, you can push through 100p, it won't hurt

[kluk069] 06/7/2013 01:51

Spot on Miata - a bowl formation develops very clearly over a significant period of time and any suggestion that fgp is exhibiting such is misleading at best.

[miata] 05/7/2013 15:43

Personally I don't consider that chart formation smooth enough or long enough in duration to be considered as a bowl formation. In addition it reflects £/$ changes rather than any positive change in investor sentiment.

[robertfaulkner] 05/7/2013 14:57

Down a bit now but got to 99.90p at 13:30

[smishman] 05/7/2013 14:18

Bowl = highly Reliable chart formation.... Not too spiky or neurotic.... smooth but determined (like 'CR')...should break out upwards... Sometimes retraces and makes a 'cup and handle' also very reliable.

I like this chart.

AIMVHO

NAI

Smish