Firstgroup Share Discussion Threads

[chess123] 28/4/2021 14:19

Now here's a scenario what would happen to share price if EQT, pulled out, before the news share price was 84p now at 75p .this market is not making any sense to me,..

[chess123] 28/4/2021 14:12

Just having a look at the sells, on L2 and massive amounts going through, seen one at 78p , looks like a lot of pi s getting out,

[knowing] 28/4/2021 14:10

Just to add that the 30p could be the first return to shareholders and there may be more. If I were an Insti I would short this down to buy in cheap as I could.

* Ongoing FirstGroup will be a leader in public transportation focused on the
UK, with a strong platform on which to create sustainable value:

* Well-capitalised and de-risked balance sheet
* Cash generative operating model that will support an attractive dividend
* Critical enabler of economic, social and environmental goals at key
inflection point for public transport

* Transaction subject to FirstGroup shareholder approval; circular to be
published as soon as practicable
* Sale completion expected in calendar H2 2021 following North American
regulatory approval timetable
* Recent trading: Group expects adjusted operating profit for the 2021
financial year to be ahead of management's previous expectations; current
liquidity in excess of £900m

[chess123] 28/4/2021 14:07

E MONEY. Any thoughts on greyhound, do you think first will get any money, what will they do if cant sell?

[eezymunny] 28/4/2021 13:58

If you knock the 30p/share return of value off the sp, the market cap is c. £600m.

The remaining UK businesses:

100m net debt
Profitability difficult to know. Op profit in y/e Mar 2020 was c. £100m and central costs were 67m. 2021 and 2022 could be anything. If can get back to 100m op profit and slash central 60% you get c. 60m pbt, 45m pat.

So it's not wildly cheap here. Might go up a bit. Might fall further.

[chess123] 28/4/2021 13:47

Sanks, are you sure your spelling your name right , maybe take of the S replace with a W ,as you are a complete w an ker.

[sanks] 28/4/2021 13:45

Another -70p and I'm in
Entry target 7p

Hope this helps

[eezymunny] 28/4/2021 13:20

The thing is chess you say it was good news about the US disposal. But was it?

Concentrate on what's left and what it's worth IMO.

[chess123] 28/4/2021 13:04

This share price really is weird, dropped 4% since great news regarding the sale of the American business, 84p friday to 101p then now down to 80p WTF. Resistance was showing at 81p from there if it doesn't hold showing as 74p, Long suffering shareholders is putting it mildly..

[dealy] 28/4/2021 11:56

no more good news please. share price doesn't respond well

[sanks] 28/4/2021 04:38

Take 30p out from the 85p before the news = 55p..
Then take 25p risk/reward out = 30p..
Then take 23p Shaggers drip out = 7p

Hope this is helping
Sanks..updating level 4 with a 7p entry target

[chess123] 27/4/2021 10:16

Avanti bookings have went through the roof, especially from England to Scotland edinburgh is particularly popular, the Caledonia sleeper (serco) is also seeing a similar rise, people staying in the uk, this bodes well for first group obviously the west coast is part of a shared franchise 70% owned by first group ,it is very profitable, im not sure about the buses but management seem very confident going forward the 30p dividend is going to be paid and they said this year we're nearly in may so im holding especially for the dividend, but must confess the drop from 100p on Friday to 83p today is surprising as the news was great , i thought would go above the 100p and stay there. Wonder if the share is being shorted

[sanks] 27/4/2021 09:59

It's becos me and my bird Sheila have put in a buy order at 11p and 7p respectively

Hope this helps

[eezymunny] 27/4/2021 08:24

Idiots were buying on Friday?

[dealy] 27/4/2021 08:09

100p to 84p since Friday. what's up?

[knowing] 26/4/2021 11:17

Yes as long as they continue as planned

[blackpoolwelsh] 26/4/2021 11:14

So if you buy shares now, will you get the 30p earnings per share from sale?

[dealy] 26/4/2021 09:41

Stock is lower now than before the sale announcement

[knowing] 23/4/2021 10:49

Well,

IN THE KNOW: Liberum says buy FirstGroup after US bus unit disposal
m reiterated its Buy rating on FirstGroup saying the sale of the transport firm's US school bus operations will lead to a more simplified company...

[lonrho] 23/4/2021 10:42

The bus and any rail profits will also have to ensure a 6 billion pension scheme is fully funded.

[knowing] 23/4/2021 10:35

Plus future dividends

[dealy] 23/4/2021 10:31

thanks, so not much upside from here? 110p is including the 30p special divi ?