Firstgroup Share Discussion Threads

[21traader] 13/7/2014 19:58

First Group's shares have gone nowhere this year and are unlikely to rev up from here, Danny...Today, 7:55 PM

[value viper] 10/7/2014 08:51

bought these, 145p target

[sanks] 09/7/2014 10:43

Sheila told me to wait...she said the trains are heading for 9p
Hope this is helping cos it looks ready to test that 81p again

Sanksalot

[robertfaulkner] 15/6/2014 14:39

From Sunday Times today


H K billionaire Li Ka Shing buyout company Cheung Kong Infrastructure is thinking of buying Porterbrook a UK railway rolling stock giant. Set up in '94 at the start of Tory privatisation of the railways and received 1/3 of all the trains in service

Lets hope they want FGP as well, imagine the share price if even a bid was talked about

[robertfaulkner] 14/6/2014 07:35

140p seems the sticking point

Twice this month it's tried to get through it and retraced

Is it big limit sells around 140p that keep sending it down?

[sanks] 02/6/2014 17:23

I'm still waiting for 9p before i put my cajones on the table

[slaterlpj] 30/5/2014 08:26

Interesting. I wouldn't have considered FGP very defensive of late. Things are looking up then.

[sawadee3] 29/5/2014 14:59

slater, not company specific, just money rotating into defensive sectors.

Oversold Asian equities/emerging markets looking favourable once again too ;-)

[slaterlpj] 29/5/2014 09:02

Loosing franchise contracts, and yet the share price is climbing.

Anybody know what's happening? Has it been tipped, is there a bid rumour, or what?

[robertfaulkner] 27/5/2014 09:08

I have a high today of 141.7 (mid) at 8:22

still up 2.33% + 3.2p at 139.55p

Looking good, I'm out at 148.7p, if it gets there(limit order)

[robertfaulkner] 23/5/2014 16:16

Could there be some lovely money to be made before contract ends as no investment needed and slimmed down staff might make the new company take it over early and pay a huge fee to FGP?????

It's actually up a couple of p now

[hippo] 23/5/2014 13:13

I think that is what the market is thinking.....better without it, rather than cut your own throat.But disappointing, not sure how much of an impact going forward.

[robertfaulkner] 23/5/2014 13:08

FGP loses thames link franchise and after a bigish drop it has almost recovered??


Could it be any lower bid would have lost money for SH, so better to be out?

[robertfaulkner] 21/5/2014 13:11

I agree Slater, better to have better profits now than pay out a div and as you say have the share price drop by div on ex div.

[slaterlpj] 21/5/2014 12:20

If the share price is recovering with a "no divi" announcement, that's better than a recovery that would fall away as soon as it went Ex dividend.

But it still falls short of the pre/post rights issue announcents, to reinstate the dividend. This 'recovery' could take some time I think, and there's many a slip twixt cup and decent profits.

[hippo] 21/5/2014 10:51

Making a nice bowl, looks set to go and test new highs.Return to profit, seem to be carrying out the turnaround strategy well in all areas, much improved balance sheet.Divi would have helped but I am actually encouraged by their resolve to put the investment in place and the balance sheet right as first priority.

[hippo] 21/5/2014 10:06

Reversed the early sell off :-)

[robertfaulkner] 21/5/2014 08:11

Is no div the reason for the big drop in share price today.

[hippo] 21/5/2014 07:47

Well no divi, but not bad results imho, given where the share price is.

Still a recovery play as far as I am concerned.

[slaterlpj] 18/5/2014 08:51

" -- subject to performance in line with business expectations -- "

Judging by the recent performance (SP), "expectations", have not been met or exceeded. I rather suspect the final divi, if announced at all, will be disappointing. We'll know soon enough

[scottishfield] 17/5/2014 08:47

tks battle, very helpful.

[battlebus] 16/5/2014 23:44

Hi Scottishfield, looks like possibly just over 4p a share to come with the F.Y. 15.
I prefer Rotala similar field with a safe progressive dividend of 3.8% and rising.

Dividends


The Board recognises that dividends are seen as an important component of
equity returns by many of our shareholders. In the medium term, as the business
performance improves, the Board intends to re-establish a progressive and
sustainable dividend policy to target dividend cover of 2.0 to 2.5 times. In
the short term, the Board intends that:

* no final dividend will be paid in respect of FY 2013

* no interim dividend will be paid in respect of FY 2014

* dividend payments will recommence with a final dividend in FY 2014, subject

to performance in line with business expectations, as a transition to
re-establishing a progressive dividend policy thereafter

* subject to the Board determining the exact amount, a transitional final
dividend of up to £50 million in FY 2014 would be recommended; and

* thereafter, a dividend cover of 2.0 to 2.5x would be targeted.

[scottishfield] 16/5/2014 23:14

whats the current yield here please?