Go-ahead Share Discussion Threads

[trt] 10/10/2011 19:26

Yes give Holly Birch a ring or e mail her - details below

Holly Birch
Group Communications &
Investor Relations Manager
The Go-Ahead Group plc
6th Floor
1 Warwick Row
London SW1E 5ER
[e-mail]
Telephone: [phone]
Telelephone: [phone]

[bunnji] 10/10/2011 14:39

SOMETHING OF INTEREST

Hope Zel1g does not mind posting it here.....

AGM: Resolution to "disapply preemption ...


Zel1g






I have just received an AGM Instruction Form, which lists a special Resolution (14) that authorises "the Directors to disapply pre-emption rights".

The wording of the Resolution 14 itself is completely unintelligible. At face value it would seem that it removes the right of ordinary shareholders to buy shares in the event of a rights issue.

If this is the case, I would urge shareholders to vote against this resolution at the AGM on 27/10/2011.

At the very least, the company should clarify the scope and purpose of Resolution 14 and redraft it in intelligible English before asking shareholders to vote on it.

Is there any way that we can ask Go-Ahead Group plc to clarify the Resolution?

[trt] 05/10/2011 15:14

Topped up again this morning - cannot believe how cheap this is at the moment my final dividend payout come November will be my biggest yet.

Of course lets not forget the Greater Anglia franchise announcement due anytime now !!!!

[trt] 23/9/2011 09:51

As I have said before due to the fantastic yield I have never sold GOG.

I am a strong believer in keeping good core holdings in my portfolio - stocks that constantly deliver fantastic dividends throughout both difficult and good market conditions.GOG is of course one of them.

Trade the other less reliable stocks of course who doesn't !!

[bunnji] 23/9/2011 00:48

TRT

So when you are encouraging everyone to buy...YOU are actually selling....ahhhh, that would account for your relentless monotony on this BB.

But given the HUGE profits.....lol.

[phil140158] 22/9/2011 19:48

trt - I agree with the sentiment, but the issue for me is 'how low can it go'?
Is this just nervous markets reacting to news from the Fed or is it a 'crisis of capitalism'? With interest rates looking low for years to come, GOG and other similar companies look very attractive, but without serious political intervention to solve the Euro crisis, we might see markets fall further yet!

[trt] 22/9/2011 16:19

As you know this happens but it will only take one bit of good news or if fund managers start bottom feeding then up the market goes. Got to be on board to gain thats what happened in 2008 at the height of the recession, as investors bought heavily they made huge gains as the market recovered.

As i think i have mentioned before on this BB the very wise investor WB said " when all around you are selling BUY and when all around you are buying SELL"

This investment logic has made me huge profits over the years

[phil140158] 22/9/2011 13:50

Confidence in equities beginning to wear a bit thin, trt!

[trt] 22/9/2011 13:31

Took advantage of the dip once again

[trt] 13/9/2011 15:25

Is the market waking up today to the huge benefits for GOG if they win the Greater Anglia franchise next month !!

[phil140158] 08/9/2011 08:32

Thanks, trt. Phil

[trt] 08/9/2011 08:07

The Daily Telegraph:

8th September 2011

Go-Ahead Group
£14.37 +21p
Questor says BUY
Go-Ahead Group

The group is one of the UK's largest bus operators, with a fleet of about 3,800 vehicles. It carries, on average, 1.7m passengers a day, focusing on high-density commuter markets. It has a strong presence in London, with a 21pc market share, and it operates deregulated services in Oxford, East Anglia, South East, Southern and North East England. Go-Ahead also has a yellow school bus joint venture in North America.

Its rail operation, called Govia, is 65pc owned by Go-Ahead and 35pc by French transport giant Keolis. It is the busiest rail operation in the UK, responsible for almost a third of all UK passenger rail journeys through its three rail franchises: Southern, Southeastern and London Midland. It also operates the Gatwick Express.
Go-Ahead has seen its shares slide from a high of almost £16 in July to their current level. This means that the shares are now yielding a prospective 5.7pc, which is very attractive in the current low interest rate environment.
Questor reckons that a dividend reinvestment policy is by far the best way to grow a portfolio over time – and it's also less risky than any high-octane strategy involving Aim growth shares. A £100 investment in UK blue chips at the end of the Second World War would have been worth £5,721 at the end of 2008 if dividends were not reinvested, according to data in last year's Barclays Equity Gilt Study. If all dividend payments were reinvested, a £100 investment would have grown to £92,460.
RELATED ARTICLES
Go-Ahead shares fall after warning on train fare rises 02 Sep 2011
Go-Ahead's recently issued full-year results were ahead of expectations. The dividend was maintained at 81p – and the company reaffirmed that the payment was a "priority".
"Our balance sheet, cash flow and financing are strong and we continue to view the maintenance of the dividend as a priority," Go-Ahead said.
In the year to July 2, revenues were 6pc higher at £2.3bn and pre-tax profits rose to £84.8m from £65.8m. This was boosted by a one-off £13m of the rail contract management benefits that will not recur. Adjusted net debt was £259.5m, down from £292.3m last year.
In the rail business, like-for-like passenger revenue growth was 8.5pc, with 8.6pc in Southern, 8.4pc in Southeastern and 8.6pc in London Midland. Volume growth was 2.3pc, 5.0pc and 7.2pc respectively, indicating the benefits of price rises.
The outlook remains in line with management expectations.
David Brown, who has taken on the chief executive role in the last few months from Keith Ludeman, said he is interested in a bolt-on purchase in the UK bus industry. Also, the US yellow bus venture could move into profit this year – and this is an interesting prospect for future growth.
The shares are trading on a June 2011 earnings multiple of 10.5 times, falling to 10.1 in 2012, which looks attractive.
The shares were first tipped at £12.15 on June 11 last year and are now 18pc ahead compared with the FTSE 100 up 2pc.
Buy for the yield.

[keran] 02/9/2011 13:02

Well a good set of reults from GOG. I have bought a few more shares myself today just to benefit from the large dividend.
I also think if GOG win the Greater Anglia franchise we could see the share price rise within minutes of the announcement to around £16+.
IMHO

[phil140158] 01/9/2011 20:40

Thanks, Enami. Did you 'buy the rumour, sell the fact'?

[trt] 01/9/2011 18:43

A good day for me. Allowed me to take advantage of the dip when it was down 8%.

[enami] 01/9/2011 17:15

phil - maybe this

10:07 FLASH: Shore Capital downgrades Go-Ahead Group from buy to hold
Story provided by StockMarketWire.com

also

Date EPIC Company Name Broker Opinion Price Old Target New Target Potential Upside
01/09/2011 GOG Go-Ahead Group UBS Sell 1502p
01/09/2011 GOG Go-Ahead Group Peel Hunt Hold 1497p 1577p 5.34 %
01/09/2011 GOG Go-Ahead Group Shore Hold 1497p

[phil140158] 01/9/2011 17:06

Disappointing day! Anyone any ideas about what happened at 09.45, a very sudden spike down. I should have hedged my profits with an £8 a point short spread bet, it's easily said after the event!

[trt] 01/9/2011 10:05

It's profit takers once they are all out up we go again. Have topped up once more, got to take advantage of the drop. Merill Lynch raised their target price to £18.50 all makes sense.

[phil140158] 01/9/2011 09:53

I guessed the market might not be impressed, but down 8% is taking it a bit far!!!!!!

[trt] 01/9/2011 08:54

Lets not forget analysts were expecting profits to increase by 6% and they actually increased by 14% - now that is some achievement !!

[trt] 01/9/2011 07:59

phil,

In the current climate I think a profit increase of 14% smashing market expectations should provide a healthy uplift as we progress through the day.

Any slight initial weakness and I am in for some more

Time will tell

[phil140158] 01/9/2011 07:57

trt - yes, better than expected. 5.1% yield (81p / yesterday's share price) from a rock solid, cash generating business is far better than the bank/building society! Maybe the results are not enough to set the 'market on fire' in the short term but broker upgrades and a p+ decision on the new franchise will help.

[trt] 01/9/2011 07:12

Superb results - Smashed market profit expectations which were between £90m and £105m

"We are pleased to report a set of strong results for the Group "

Highlights

-- Operating profit up 14% to GBP £115.1 million

-- Continued strong cash management and robust balance sheet

-- Total dividend for the year maintained at 81.0 pence per share

-- Passenger revenue growth in bus and rail divisions

-- Further evidence of consumers switching from cars to public transport

-- New financial year started well and trading in line with the Board's expectations