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It may well come to pass that the government strips FGP of its contract, however they need a reason to do so. It is clear that the reduction in services in this area are as a consequence of staffing availability which would apply regardless of who manages these services currently. The bottom line is when rail dispute settled
Dividend paid tomorrow 19th August
Oh Jaff everything you have have just said right back at you in the message you wrote LMFAO.
Anyways it may interest you all to read the following, all I was doing is simply warning everyone of what’s to come, get out while you can, ain’t going to get any better
https://www.greatermanchester-ca.gov.uk/news/statement-from-the-mayor-of-greater-manchester-following-avanti-talks/
I don't know either just trying to have confidence in B.O.D. ( board of DICTATORS
Time will tell, it was the contingent element of the offer I did not like itfelt wrong pretty vague and promoting an element of the value within the stock itself. We should receive that amount simply by holding.
Come on Mr Jim or can I call you Jaffa I considered reporting your post but know where you are coming from, Hey be the better man.
Totally in my opinion
What date are the dividends paid ?
I doubt they would have rejected the bid without the support of their major institutional shareholders. It is now up to the BoD to deliver on the contingent value with subsequent returns to shareholders. Just have to wait and see!
I don’t have any confidence rejecting the offer was the right option.
Sad to see share price drop, but pleased to see that the value is considered higher than the offer.
Regarding the contingent element of the offer is'nt that value still there within the company assets.
this stock going ex dividend will also have caused a drop in share value.
Something to do with a tin full of biscuits being worth more than a tin with no biscuits in. ( sorry private joke )
Do you get off on being a smug tw@?? Everybody has opinions and they’re all entitled to them. Just because someone didn’t agree with yours doesn’t mean you need to act like an immature t0sser. Just my opinion of course.
FirstGroup suitor walks away from £1.3bn-plus deal but leaves door open for possible return to negotiating table
Https://www.pressandjournal.co.uk/fp/business/local/4670752/firstgroup-suitor-walks-away-from-1-3-plus-deal-but-leaves-door-open-for-possible-return-to-negotiating-table/
Ok Davde, I’ll leave it there. The next post on here will be to say I told you so
I am a bit surprised that sale fell through but my as I hold a fair amount of travel related shares such as IAG ,CCL, TUI and JET2 etc plus some USA travel shares as well my strategy has and will remain as a very long term investor. Travel has always been and increases to be a go to spend for consumers either for holidays or business. No new car or other commodities maybe but travel in engraved in us all.
Give it 5 years and (God willing ) look at the charts again.
bvcxz70 believe you why! Do you have inside knowledge and posting a public board! This government have not indicated yet that they wish to have another way of managing rail services so not sure where your assumption is coming from re future. They need to give notice unless the government cancels contracts, then compensation will be due to FGP.
So deal not agreed and we now have to wait for special dividends from earnout, contingent release and asset sales. Looks like they increased cash element but reduced contingent amount so less offered overall!
Pretty crazy to reject the offer, seemed very good to me. Is somebody else going to offer more?
To all the doubters, there’s more to come yet, believe me, it’s not looking good at all for FGP’s Rail division. This hasn’t got anything to do with the potential take over bid
Not looking good according to the movement
Thank's Davde for the information regarding contingent
I tendered half my shares had no clue where this stock value was going ( my cost was average 100 so halved my risk) was the right thing for me to do at the time.
With this offer on the table and the contingent possibly holding so much value and an imminent dividend why has'nt the value of this stock gone up further
When I feel annoyed at tendering I watch the vidio PYUCHEK posted mocking the share holders that did not tender
Damofarl, ok pal don’t say I didn’t tell you so.
bvcxz70; sold all your shares but still posting? Why?
As for going from bad to worse, well, i don't really think, in your thinking it could. The ERMa's you refer to have potentially transformed this business from potential high profits/high risk to a stable infrascture like Co. (think water Utilities) whereby they pick up a fixed mgmt fee every year with zero risk but potential for KPI uplift. Lower but sustainable/predicatable margin/income is very attractive to say pension funds who want long term predictability, not volatility. The last update highlighted the renewal of such on GWR, and the imminent expectation of the same for AWC.
In the current breakdown of relations between the Company and it's workforce, they are not losing a single penny (they don't receive the income from ticket sales, our Govt does) yet are still receiving their mgmt fee. Granted the KPI addition/uplift must have dropped/eradicated, but they are still being paid. And any observer of the current railway malaise can see that the current situation is a Govt led ideology (think Miners strike 2), which the Govt is happy to bankroll to that end, and FGP are happy to roll with as it maintains their generous salaries and options - and to acheive that ideology the keys wont be going back in October - the Govt bankrolling will roll over until they roll over the unions.
In the meantime it's kerching for FGP train franchise wise - and the aforementioned stability of income is why an infrastructure investor has bid - a bid FGP will accept when the deferred consideration element is addressed.
It may get worse for commuters/customers and staff, but it can only get better for FGP.
I see first group rail finishing in the sector, watch this space
Pers -Did you meant First Group. Dividend is 1.10 and went xcdiv on paid on 19-Aug-2
I see FirstChoice are now (EX) ex dividend. Does anyone know how much will they pay per share please ??
This is a business that hasn’t got any substance. The ERMA will end and the keys will be handed back as far as Avanti is concerned. Have a look at Trustpilot and the comments from customers of Avanti, TPE, GER. Just keep watching. I’ve sold all my shares here, bad news coming soon mark my words
Can you explain how it will get worse?
This will get from bad to worse.