First2 Jun 2021 21:31
I don't post too often but this time as an insider (I'm working for the First 17 years, and I'm not an on office employee, rather a first-line staff) what can I see and what most of the investors /traders, etc can't see is :- when two ( more or less) years ago First has decided to sell UK buses (a part of its assets) and focus on the American part of the company, the biggest shareholder - we all know which one - was crying that company has no know-how abilities plus there's no main office in the USA to rule and make US division profitable ...and now when in those really hard days, company has managed a find a buyer and sell an American asset, for more than it has been predicted, the biggest shareholder is crying again !!!!WHY ???In their words - the company should focus on the British market/soil, etc Apparently, 30 pence one-off dividend per share, it's not enough to make them happy, they don't care for well being of First.Quick income that's what matters to them ...Those facts are quite obvious over here, but now few facts from insider observations- government has "pumping" into public transport a few billion pounds for the last year as its noticed as an extremely important for all of us ( country, public, local societies and so on )- every big city in the UK is closing its centries for private cars to reduce pollution and traffic and encouraging people to use public transport - so far we have 4 train lines and an excellent deal with the government plus we will be a main operator HS2 when it'll be finished - In Bristol, where I'm based, the company has closed every small bus depot and significantly reduces office and depot employees.-similar steps have been taken all over the country After Covid busses are again fully pack So as a long term investor I'm more than a happy