Firstgroup Share Discussion Threads

[roughandtumbleone] 07/9/2020 20:22

You only need to look at the value of the businesses they are selling and you can see why the price equivalent per share is significant. Some interesting days and weeks ahead.https://www.firstgroupplc.com/~/media/Files/F/Firstgroup-Plc/reports-and-presentations/press-release/2020-winter-trading-update.pdf

[sanks] 07/9/2020 20:09

Looking to break 65p tomorrow!..
Then head towards £1.30-£2 level 4 target

[roughandtumbleone] 07/9/2020 20:02

https://www.morningstar.co.uk/uk/news/AN_1599475005774543600/press-firstgroup-shares-surge-amid-reported-interest-in-us-businesses.aspx

[sanks] 07/9/2020 12:23

This is why I had an initial price target of £1.30 pre sale...post sale looks like we're headed over £2 pdq!!

[knowing] 07/9/2020 11:43

At the time, Coast said that the North American operations, First Student and First Transit, are worth “notably more” than their book value of 100p per share, estimating a price of 165p for each.

[joestalin] 07/9/2020 11:38

I think surged is a bit strong - it is still under 50p.

[sbb1x] 07/9/2020 10:20

I did wonder why it has surged

[knowing] 07/9/2020 09:59

(Sharecast News) - Transport operator FirstGroup surged on Monday following a report that its US operations have attracted interest from several major private equity firms.
According to The Sunday Telegraph, Canary Wharf owner Brookfield, Apollo Global Management and KKR are among a group of potential suitors for FirstStudent and FirstTransit.

The Telegraph cited sources as saying that FirstGroup's financial advisers have restarted a sales process in recent weeks and attracted "significant" private equity interest.

I Squared Capital, the owner of Irish energy firm Energia, was also understood to have registered its interest.

[sanks] 28/8/2020 23:33

My nob is on the table..looking to take it off at £1.30 initially, then looking to put the nob back on the table.

Hope this helps

[joestalin] 21/8/2020 16:01

Application has been made to the UK Listing Authority (FCA) and the London Stock Exchange (LSE) for a block listing totalling 800,000 ordinary shares of 5 pence each in the capital of FirstGroup plc to trade on the LSE and to be admitted to the FCA’s Official List. The shares shall rank pari passu with the existing issued shares of the Company.

Admission of the shares is expected to take place on 25 August 2020.

Could be some sales next week

[joestalin] 10/8/2020 12:24

FirstGroup plc (‘FirstGroup’ or ‘the Group’) welcomes the extension of funding from the Department for Transport (‘DfT’) to support the provision of vital services by regional bus operators in England during the coronavirus pandemic. The new funding round of £218.4m for the industry under the COVID-19 Bus Service Support Grant Restart (‘CBSSG Restart’) programme extends the arrangements previously announced at the end of May for the next eight weeks. Furthermore, the Government has confirmed that rolling funding of up to £27.3m per week will continue to be made available under the programme thereafter, until such time as it is no longer needed. This commitment, on substantially the same terms as previously announced, demonstrates the value placed on bus services to support the restart of local economies, get people back to work and children back to school from September.

[aidanshaw13] 08/8/2020 19:16

https://www.gov.uk/government/news/government-extends-coronavirus-support-for-buses-and-trams-total-funding-tops-700-million

[joshuam] 08/8/2020 08:01

Took a small gamble here, hoping it stays in business for 2 year’s

[joestalin] 07/8/2020 12:43

Some profit taking yesterday but creeping up again today.

There do seem to be more people using the local buses again. Still a bargain IMO.

[the canadian mounted] 23/7/2020 17:17

This will be double the price by December
Only a matter of time before American
Disposal.

[the canadian mounted] 22/7/2020 10:22

Very very cheap!

[the canadian mounted] 22/7/2020 10:00

These were £8.50 12 years ago
Once the yank side is disposed of I can see £1 plus again.

[dealy] 21/7/2020 08:37

So if the world isn't coming to an end these shares are cheap, right?

[sanks] 18/7/2020 09:27

What kind of reply is that you nob. Is it becos you have level 4 nob inside your rear end?..or is it becos your a genuine nob that has no respect for folk who can't speak or write like you?

Sensible comments appreciated you Sheepshagging minjsniffer

Sanks..genuinely looking to put my nob on the table with a level 4 target of £2.70 once they've sold out of the US

[hodhasharon] 17/7/2020 19:16

Can anyone translate that last comment into English please?

[rumobejo] 17/7/2020 14:12

when they raise funds they should offer via PrimaryBid and safe the massive broker fees of rights issue.

[rumobejo] 17/7/2020 13:35

hxxps://news.sky.com/story/coronavirus-firstgroup-warns-of-material-uncertainty-over-its-future-12024022

placing at 10p should sort them out, they just need to get it done before things turn ugly!