Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Thoughts on I Squared coming back with an improved offer after 16th Feb?
Hopefully they will be spending wisely and we will see a further upward trend.
FGP, more to come just watch the next earning update.
Finally some news......thoughts?
The First Group website, investors section has a tab re potential offer it is all on there.
They issued a statement on the 16th Aug 2022 saying they would not be pursuing a bid for FGP.
Here is the link to the June take over bid you mentioned. Squared Capital in my reading has already came back with a higher price which may will be negotiated at present!
The board rejected the last takeover bid not long ago!
They have sold the assets bar a few remaining Greyhound properties in US!
Watch the next upward price movement. I do not like to put a number but I am happy to hold. FGP is ripe for picking at a good price!
Let's hope so. Otherwise this company is going to keep selling assets till nothing is left and go bankruptcy
Standard charter is a target for a takeover by a UAE bank, EZY is a target for a takeover by IAG. RMG is a target for a takeover by a 23% share holder. I honestly believe FGP takeover bid is coming soon!
Doubled my holding here today things starting to move in the right direction for me so the collapse of the takeover offer maybe a blessing.
Majority of debt is associated with leases. I would have been happier with a special dividend but hey ho!
£75 000 000 buy back
Bold move, have we a new director ? Looks good margins ok
its always nice to spend money but debt is expensive at the moment
Strategy could be good for long term investors depending on future government funding
Good to see some clarity in the "allocation" of capital statement. I think we wont see much of a shift in the price (absent a bid) until the transport strikes are behind us but I am encouraged by the return to the dividend list and the buyback indicates that the BoD are confident in the divi over (at least) the next 12 months. I think there are still some chunks of cash to come in to reduce the debt pile and if the BoD delivers what it is targeting by way of margins then the prospects look pretty good.
Cool £75M which should see the price recover nicely
https://www.sharecast.com/news/news-and-announcements/firstgroup-launches-75m-share-buyback--11731878.html
First bus driver shortage in Cornwall is due to poor management only interest they seem to have is employing more managers
This should be on watch dog it’s unbelievable.
Do your home work on Bristol,
You will see agency driver jobs guarantee 50 hrs a week minimum £1000:00 plus overtime if you want it, also accommodation paid for.
Now first bus will pay £24 k plus overtime to its own staff,
There are not many left maybe 20% the rest agency.
Agency worker £52k plus overtime.
Yes there is a driver shortage due to staff leaving to work for agency’s.
But it’s all due to end soon and first bus and other operators won’t get any more funding and will go crying again to the tax payer.
This is like the bank scandal and people need to know.
Absolutely agree first kernow (Cornwall) forcing all long term drivers out go Cornwall (go ahead) more than happy to take any driver that wants to over even though they’re fully staffed paying nearly £100 a week more happy staff whilst first refuse to pay their drivers a realistic wage forcing them into dispute and strike action
Davde trust me the agency pay over £20 to their drivers first pay £9:50 and the government fund the rest,
£10:50 this is due to run out end of March 2023 it’s a joke that’s why they don’t have drivers they have all left to become agency drivers.
What a total con.
Same again for mechanics they all have left to do the same and even better still they get a massive grant to take on apprentice staff so Guess what it’s all apprentice mechanic's as the government fund it.
This is not a business it’s all government funded.
Agency workers may get £20 per hour but doubt UK government pick up difference! Whilst at face value agency staff are more expensive, they are not as expensive as they look, agency rate includes an element for holiday pay. Agency staff have no sick pay, pension cost or other staff benefits as far as I know.
It is very unlikely that the current government will nationalise public transport, but they are enabling local government to dictate services that meet the needs of the local populations.
The government do provide support for subsidising unprofitable routes and for concessions, i.e. children and the over 60's. The government also support investment in green measures but not sure how much and the rules.
“Recruitment” as you say is a problem that everybody is having.
But a the moment first bus don’t care they have agency drivers who get paid over £20 per hr first bus pay 9;50 and the government pay £10:50.
So all the long term staff have left now this funding will end soon from the government will end soon and then you will see a true picture.
This shambolic business has been propped up by the tax payer for over three years it’s a disaster in the making.
And it’s not even attempting to offer a fit for purpose passenger service.
Public transport needs to government run for the people and not to fund failing bus company’s like first bus.
Recruitment is a major issue for many sectors in the UK at present. If you cannot secure staff to support a sectors growth the sector will suffer. Makes you wonder what the solutions are at times, but for me the problem is easily solved, in a global world you get appropriate staff from where you can, I am sure many want to work here, just like they do in banking!
https://www.bristolpost.co.uk/news/bristol-news/first-bus-just-cancelled-1450-7829086