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This is definitely ticking up again. Steady buying. Don't think it's all buy back either.
Ticking up?
How far is it likely to drop? Far enough to be cheap again?
RR would be better bet after selling would have been better of buying back RR when the price falls
Probably near coming to end of buy back and market maker and institutional would know.
SP now falling as sharply as it rose. Buy back continues.
Why such a *sharp* fall?
Bought again ( D ) 159p .
Sold Rolls-Royce @ 260p two mins before , no relation between two trades , just interest to myself in months to come .
Near same value the buy and sell.
These bought today for 161.5p
Forgot I placed a 30 day buy order on 16th November after the sale .
This broker only emails a trade not what the trade was .
Happy enough it was these .
Slightly above the 161.17p first half tranche sale 20th September this year.
Added more money to sale proceeds as available at time, so more shares now in ISA then on 16th November .
They went up 4% to 183p the day after my slice on the 17th November contract RNS .
What a difference 10 days makes to what then looked a bad move .
Got just under £65m left to spend
FGP Still buying their own this morning.
Buy back continues.
Increase profit as expected and headline ' loss over pension charge ' doesn'thelp. Market was expeting more. 'current trading and the group's outlook the full year remain in line with previous expectations, Also the operator of Glasgow, Bristol and Leeds buses and Avanti West Coast, GWR and SWR rail franchises swung to a £68.5 million loss in the half-year to 30 September 2023, from a profit of £37 million a year ago.
Seems to be a reaction to pwnsion loss announcement.
https://www.lse.co.uk/news/FGP/firstgroup-swings-to-loss-on-pension-charge-backs-annual-expectations-xf02obu8xrz10i9.html
Exactly,why drop?
Share price drops, despite, ------
--- Buy back continuing this morning.
Plus interims report increase in profit, and dividend. So why SP drop?
Worth pointing out that when they started the buy back the share price was around 1.00 in late December 2022 and it took until late July to spend the £75m. Not sure how much is left of the second phase of £115m but its possible to work out if you have the time an inclination, each day its published on firstgroupplc.com how much was spent and the number of shares that were purchased. I suspect it will be towards the end of the calendar year as the amount of shares varies hugely from day to day.
Looking at buy back they have not paid under £1.74.. I think 2 days when they didn't buy were SP was higher. Just guessing.
No buyback for 2days and again buy back wonder how much more is left for buy back until next announcement.
Right, thanks.
They are currently held in treasury but may be cancelled in due course but I'm sure the markets have already taken this into account
Will those shares become treasury or will they be cancelled? If cancelled, how will that/will that, effect the share price?
Look like they have they bought all they have allocated to buy back.
Qwerty 101. Thanks Brilliant information..For some reason they haven't been buying for few days.
I think there is away to go yet, the share buy back is in 2 phases £75m which started in Dec 22 and finished in summer 23 then another £115m which is ongoing. So far 89.6m shares have been bought and many of those were bought below £1.50 per share.