Firstgroup Share Discussion Threads

[cyberbub] 27/1/2021 10:21

Paulof, do the US companies have a lot of debt? ie will any sale proceeds have debt deducted before sending the cash to First Group?

[paulof2] 14/1/2021 20:07

Pretty much cyber, hopefully there be other bids too. They’ve also got the benefit of the greyhound sales, one that made 100m profit a couple of weeks ago.

[joestalin] 14/1/2021 10:15

Sitting on the sidelines to see how this plays out.

[cyberbub] 13/1/2021 23:49

Interesting about the US sales, are they really likely to sell them for $3.7bn? That would wipe out their company debt *and* leave them with a cash pile worth the current market cap?!?! With the actual remaining transport business thrown in for free? Am I understanding that correctly?

[paulof2] 07/1/2021 22:10

Decent first bid, let’s hope there’s a couple more

[hotchillideals] 07/1/2021 21:55

Dreams can come true ;-)

[hotchillideals] 07/1/2021 21:53

good one, haha

[drmaccers] 07/1/2021 19:07

Should push on tomorrow

[joestalin] 07/1/2021 13:50

If a bid does not materialise, there could be a bargain here.

[alexios1201] 07/1/2021 12:21

https://news.sky.com/story/eqt-fund-joins-race-for-steering-wheel-of-2-5bn-firstgroups-us-wing-12181345

[alexios1201] 07/1/2021 12:20

Sky News has learnt that EQT Infrastructure tabled an offer thought to have been worth roughly $3.7bn for First Student and First Transit just days before Christmas

[joestalin] 05/1/2021 15:21

It does not seem to have moved at all. I am looking to get back in around 40p.

[hodhasharon] 05/1/2021 07:57

All time lows will be tested here. C of 4 complete.

[thamestrader] 05/1/2021 07:56

UK buses will be back to Sunday timetables - or less.

[sanks] 04/1/2021 20:41

....oooopps!!!..carnage cometh, England also now in lockdown!!
Target remains 7p..with an easy retreat back towards 25p!!!

Hope this is helping

[sanks] 04/1/2021 19:31

Today's turn for the skirt drip clearly shows the false rise we've had and technically now ready to take out my 7p entry target.
Scotland going into full Lockdown!!

Hope this helps

[joestalin] 31/12/2020 12:22

sales done

[joestalin] 10/12/2020 11:42

update out

[paulof2] 09/12/2020 10:40

Stagecoach results very solid and share price doing well off the back of it. Hopefully can read across to here tomorrow.

[sanks] 08/12/2020 14:47

Be careful..my bird Sheila is seeing a 3rd wave to this pandemic..your nobs could be crushed.
For that reason and the level of debt currently FGP has,.I have a buy order in at 7p and looking to add another at 5p.

Hope this helps

[roughandtumbleone] 07/12/2020 11:07

The fact the dramatic fall at the start of the pandemic was the same for many stocks and stagecoach replicates the same drop as FGP... the disparity will realign as value will be identified here.I predict a return to treble figures and if news drops re the North American sale as advised and predicted I see a significant uplift here.

[paulof2] 07/12/2020 10:03

Stagecoach flying and unfortunately this has been left behind

[joestalin] 03/12/2020 11:19

Where has level4 gone? Cash converters?

[roughandtumbleone] 03/12/2020 09:04

Let's see if that surge of buying into close yesterday is a precursor for the North American sale.Both parts valued at only book at 1GBP PS and with two parts being sold the significant upside is huge An amazing December ?