Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I personally do save as you earn, 3 years plan. You get an option price of 20% off at the time of the sign up. After the years you get 6 months to decide what to do with your investment.1- take an the money back you have invested( no rewards or interest) 2- take the option price and convert them into shares. The buy as earn is , but two get one Free share up to the value of 20 pounds. My three year just natured at the option price was 82p. If you leave the company you don't get these options . As it's only employees
Daimlerfleetline it's from the 31/12/20 RNS. No idea what's left to sell! Most previous sales have been relativlely small. They can only sell the surplus assets like the Canadian sites. So they need to relocate (like the LA one) or consolidate remaining sites to create more suplus premises for sale.
Davde Where did you get this info and what is left to sell in America ?
Man in a bush you can still keep shares when you retire and your bus pass, but you will loose the reward scheme, save as you earn and buy as you earn rights . Oh and not have to set the alarm clock for 04 20, The save as you earn will cash out and the buy as you earn will just stop investing I think you can have either cash or shares.
There is tax implications with the buy as you earn if I remember right.
The LA site sold at xmas for $137m had a NBV of $11m. The 2 Canadian sites that were sold for $44m had a NBV of $13m. After LA site 2 year lease cost, property tax and disposal costs FGP made $100m profit against NBV and cash of $124m. Appreciate not news but it shows the value in the Greyhound property portfolio compared to NBV.
I agree that many Greyhound depots are not in the nicest places. Went to one in Kansas City, which is a pretty nice city, but walking to the bus depot was a little hairy! Still, Greyhound owns huge amounts of land and even some of the dodgier parts of some cities, especially in California, pretty much the whole of the East Coast and a few other places like Chicago can be pretty valuable. Many US cities, like I guess most of the world, have very few large plots that come up for re-development. When they do, even in dodgy areas they can really prized for all sorts of uses.
Thank you for your reply's, I have been an employee for 32 years and am in the position to be able to activate my pension in June of this year, I have been investing in shares with first for years, both BAYE and SAYE so I am hoping for the imminent sale off US assets, however I do believe we were over optimistic with values of property especially with the majority being in rundown areas.
PYUECK thank you for you detailed reply, I asked about the dividend as it was mentioned in a previous post and wasn't sure about the arrangements but you comprehensively answer that for me.
I would like to add you all owe me a huge thanks as it was I that reported worldgoround to the mods for being a troll : )
Certainly agree it will be sometime before UK bus passenger numbers will take time to recover to pre covid levels, if ever. That does not mean the demise of bus services as it's all down to subsidy. In order to support the climate change agenda the government will need to continue subsidies for many years. Failure to do so will impact the governments ability to achieve CC emmissions targets. I would be surprised if the fulough scheme is not extended for specific sectors, including public transport. Re debt, there should be a suplus of cash after this is paid off (excluding leases). The majority of leases are rail related from what I can work out. There are risks for bus service providers however think most can be mitigated.
From my understanding we are only getting funded up until March , however this week probably change. In my honest opinion I doubt very very much there will be an dividends paid . The reason I say that is the outstanding debt and the big unknowns about where pubic transport will be this time next year etc. With companies now asking thier staff to work from home etc I can't see the buses returning to normal pre covid levels. I think there is lots of elements that will create problems soon. I personally think after all the covid furlough payments are reduced/ stopped the amount of job loses will be massive. Leading to a greater challange for this company.
We are a pretty friendly bunch here ;)
You have asked a complex question. The answer is there is nothing to stop FGP PLC from paying a dividend to shareholders, however considering it has not paid one since 2013 and how awful the past year has been trading wise, I suspect a dividend at present is highly unlikely. We may however get some special dividend if the US businesses are sold to return this money to shareholders. No guarantees though.
What are restricted are the level of dividends from the Train Operating Companies to FGP PLC whilst ERMA are in place. This is very complex, see below for one example. I understand that this allows only a 'Permitted Dividend' to be made, as I say this is super complex and that's the best I can do. Welcome on board though. Can I ask why you ask this question, for me dividends are not the key thing at present for shareholders, its all about two things a) US sale process and b) new UK agreements after emergency measures end?
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/953757/First-MTR-South-Western-Trains-Limited-Emergency-Recovery-Measures-Agreement-19-Sept-2020.pdf
My First Post so be nice ;) as an employee I am under the impression the issue of dividends are not allowed while the government are subsidising the business, please correct me if you know this to be wrong.