Firstgroup Share Discussion Threads

[robertfaulkner] 09/8/2013 17:52

The only good thing for private shareholders is this will give credence to any more rumours(for a while)

And maybe make sellers hang on a bit longer

[slaterlpj] 09/8/2013 12:22

I can't get rid of that feeling, that something's beginning to smell bad again about FGP.

[dr biotech] 09/8/2013 12:04

Gilbert is going to leave soon I believe. Might be his last chance to make the share price drop. After all he has been pretty good at destroying shareholder values Oliver the last few years.

[trickyboyfish] 09/8/2013 12:01

interesting timing- maybe forced to sell to prevent a run away share price on speculation?

[careful] 09/8/2013 11:40

chairman could not have sold if there was a bid in progress.
he has sold about 224,000 about one third of his holding.

not a good sign. he must know the effect it would have.

[liam1om] 09/8/2013 11:37

Plus, why would you sell if there was any substance to the take over rumour?

[enewman36] 09/8/2013 11:27

Or that he is making the most of a false bid rumour?

[royconchie] 09/8/2013 11:24

Chairman sells! - Obvious thing to do for all shareholders with CGT liabilities.
This locks in a capital tax loss on shares held before the Rights Issue. Haven't we all done the same and then bought them back? Chairman probably thinks he has to lock-in the loss before the shares shoot up any more!

[alchemy30] 09/8/2013 11:17

476,036 - Sold a fair chunk of his holding

[bigman786] 09/8/2013 11:16

Wonder how many he still holds

[alchemy30] 09/8/2013 11:14

Sale of 223,972 shares

[alchemy30] 09/8/2013 11:03

Chairman sale of shares

[miata] 09/8/2013 10:22

I am puzzled by the timing of this rumour. Normally such rumours are floated just before options expiry when options are at their cheapest and the maximum gain can be achieved. Equally I would suggest a bidder would want to see management make some significant progress before considering a bid. I can only think that someone wanted to cash in their recently acquired shares for another opportunity.

[slaterlpj] 09/8/2013 09:53

Yeah, but what if it's true?

How many companies over the years have gone just like this? Sp tumbles. RI follows and just when it begins to look like a recovery play, in steps private equity to steal all the big rewards. We may never see 200 again. The private equity investor would get it all a little further down the line.

So if you didn't take up your rights and held above circa 170, your stuffed. If you held above 220 and didn't take up your rights your even more stuffed. And even if you did take up your rights, if you held above 300, again your stuffed.

Wouldn't surprise me at all.

I suppose I should calculate how much I need from a takeover to break even. I haven't bothered until now because it seemed a long way off. But Now, I might as well know my pain threshold. lol.

[robertfaulkner] 09/8/2013 08:14

Yes a quiet dog day of Aug, stir up a bit of trading

Ftse holding and up a bit on it's futures price + 36 points

[cumnor] 09/8/2013 07:46

Agree, RF. Most likely usual City nonsense-mix of rumour and manipulation-so PIs beware. Bought in here as recovery play and booming public transport demand for LT appreciation. imo

[robertfaulkner] 09/8/2013 07:39

Does it matter that no name is given for this 'private equity player' in the D Mail report above?

I suppose when nothing comes of it the price will drop but it will be there in the minds of punters for the next few weeks and any rise will probably have a bit of extra momentum.

Ftse futures up 31.5 points, could be good Friday

[mirabeau] 09/8/2013 06:32

MARKET REPORT: Bus and train operator FirstGroup is on track for a deal

By Geoff Foster

PUBLISHED: 22:35, 8 August 2013 | UPDATED: 22:35, 8 August 2013

'Responding to growing speculation that a cash-rich private equity player could be about to climb aboard the Aberdeen-based bus and train operator, punters chased FirstGroup 7p higher to 111.9p in active trading.

Rumours of a cash bid in the region of 170p a share did the rounds as dealers took the view it could be possible now that the transport group's balance sheet is a lot stronger following the recent heavily discounted £615million rights issue at 85p a pop. '

[barefoot141] 08/8/2013 21:18

Sorry wrong thread

[barefoot141] 08/8/2013 21:17

Enjoying the ride since mid June (799) in SGP. Next step £12 not far away as they venture further online into China. I still look a complete prat though in a super dry hoodie

[sawadee3] 08/8/2013 20:25

Cracking day chaps. I do like the easy brass for the SIPP :-)

Happy days :-)