Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
At least 35 sells today 08 09 20 all the same 1255 shares for £558.48
Ramping down ?
Brave I think that yes the 7% is just a fluctuation and lets say another 13% just to have a tidy 20% may be a good indication of what I believe to be the true value today.
Who knows whats ahead I think long term ( Covid recovery plus 18 months)SP at 100 +
I am in heavy rough average is 125 may have a punt ( lower my average to 100)
Am I that brave ?.
Correction regarding director deal
Mathew gregory did sell 117,839 shares on 27 07 20 but he exercised two options one for 162,187 and 87,650 meaning he increased his holding by 131,998 over the day.
Sorry Moonman probably a bad choice of words " fritter away",All-though I agree all staff would welcome a decent pay rise and I agree they deserve one and plenty of overtime. I am pretty sure that they themselves would be surprised at the moment to receive any pay rise with the on going problem.
I am also pretty sure that all staff would also be surprised for new buses to be purchased.
The Lack of income through passenger decline is the problem the solution is to increase passenger numbers and reduce running costs.
Ok so we cannot use government funds as we would real income.
My no 1 Clear debt
no 2 reduce operating costs,
What should be done.
Give key workers 50 % off during pandemic Pretty good P.R. with possibly long lasting effect.
Reduce service (saves fuel , maintenance and labour)
I do not think at the moment we should be operating a full service or requiring any overtime .
That is what I mean by getting real.
Thank's for the feed back.
Mike hope you are right and we look at today as a missed opportunity to invest.
I fear that no lessons have been learnt and that what ever money the current B.O.D. gets from either passengers or government will just fritter away. ( overtime pay rises fleet updates ect.
I worked for S.Y.P.T.E.engineer at Doncaster in the 70s 80s I think they received £52 000 000 a year to keep fares down.
They begged us every week to do overtime so as to spend the budget.
They had two men 24/7 doing bus change overs , one man topping up flywheels and another ( like and that sorry'private joke if you knew him he used to end every sentence with like and that) who cleaned the managers car every day and topped the cars and vans up with petrol yes petrol a 3 Litre Ford consul and petrol vans.
Sorry for the negative but they need to get real.
In heavy at an average of 125 and holding.
Regarding directors investing Mathew Gregory sold 117,839 on 27 7 20
large buy on 21 8 20 cost £208.66 K
I am keeping my eye on Jimmy Groombridge To my knowledge never sold.
Hi Just received A.G.M. instruction form, A.G.M. 15/09/2020.
Looks to me like another rights issue is on the way, Whats your opinion.
Weak buy because I think Re nationalisation will be the way forward the government wants to support trains/ busses but I do not think they will want to keep paying out to the current B.O.D.
Where ? what is your comment based on ?
Two major sales yesterday 3;08;20
50,444 @ 17.19 K and 1175,966 @ 401 K
Hi FanofFirstgroup
Always look on the bright side of life.
130 it could be worse.
20 year old car has non of this hi tech money pit gummings and will soon have classic status.
When kids leave college they can pay of there loans and they can look after you.
Keep smiling. LOL
Hi what is a 3 bagger ?
Rights issue been there done that. I have held shares in this company since day one (employee free issue) I think they were valued at around 500 then went to a peak of 808. Over the years they have had at least one rights issue maybe even three.
A rights issue in my opinion helps with cash flow but has a long lasting effect on the SP because all you have done is dilute the stock ( like the bank of England printing money).
On the other hand if you invest further you do get shares at a discount but do you want to trust this shower with any more of your hard earned cash.
I can not be bothered to work it out but just think how much would you have to invest to stay at the same capital level .
If shares are offered at say 20% discount,How much would you have to increase your holding by % ? to have your whole holding stay at the same value impossible to say but my opinion on the back of a rights issue with 20% discount SP would drop 20% within days. and how many would actually take part not me.
The company needs cash, would the banks lend ? and why is that.
I am not confident that this shower could manage if they had unlimited funds .
I have said before rough ride ahead tears along the way but there is a lot of dead wood.
Should have been in a better position pre- Covid no excuses too late for that.
Three large purchases and not director deal's on 2,7,20, 38.13K 260.59K and 271.22K. @ 49.1
Lett's hope you are right Dennis Dominator .
I am holding .
Have you noticed the four large buys 03;06;20 = £445. 1 K
I hope the purchase was not based on my post ' L.O.L.
Sir Douglas Bader spent much of his early life living in my home village. Sprotbrough Doncaster.
New buyer sparks confidence 29;05;20 @ 10;47 and buys 4 shares at a cost of £2.29.
Whats that about ?
How much does each trade cost ?.
Either jump or hold on very tight, rough ride ahead in my opinion.
Maybe somebody will read my headline not the detail and invest 2 M. L.O.L.
Pyueck thurs 13;21 Thank's for the summary, Spot on,However no 10 / Covid 19 very valid reason but we should not have been in this position to start with.
Very difficult to call this one could have long standing effect like de-regulation. My opinion is that it will bounce back and then slowly improve.
Uk bus have had tough times before not all the board pull in the same direction (very frustrating) . Whoever has the reins will have a tough job on there hands and I wish them well, Remember Mr Smallwood?.
I admit the board have been poor "head less chickens" springs to mind with an emphasis on chickens.
Tough ride ahead a lot to sort out but it has to be done.
I am in at around 125 and never sell at a loss unless the writing is on the wall and I am still optimistic.
I would buy at this price to lower my average but I have to much in already.
Good luck but hold on tight ( in my opinion)
stuofthetoon Are you from Newcastle ? Mike Ashley paid $135 M for Newcastle united, selling for £340 M. selling to Saudi wealth fund.
There is nothing wrong with Newcastle and there will only ever be one Kevin Keegan .
I am pretty sure that the S.P. will bounce back then improve slowly 3-6 years.
Although I have been wrong in the past.
I would invest in this stock but I am in at about 125 quite heavy.
Good luck bonny lad
Thank's very interesting information.
Very volatile at the moment risk takers could make / loose a fortune.
I do think that this S.P. along with the rest of this sector will drop and we have not seen the worse yet.
I am in at 125 ish I will sell at 180, could be a long wait but i am quite confident.
chill out stay safe and good luck everyone.
Why have train and buses been reduced in number.
a. Because of footfall ?
b.because of lack of fit staff to operate them?
c.safety to staff?
From news report and local observation I can see that public transport is packed to capacity at peak times.
Social distancing is not possible with a reduced service and a balance needs to be found for the safety of users.
I have first hand information that regarding China life is going back to normal .
News that China has no new cases is fantastic front page news. We now now what to expect from this virus.
China was on target to be the worlds richest economy and is the economy to watch regarding recovery at the moment.
I hope the post's coming out of China are true ..???????????????????????????????????????????????????????????????????????????????????????
Yep that's a big question.
Financial reaction ?.
Opinion I would buy but I am over invested " eggs baskets".
Looking forward I can only see this share recovering eventually.
I think that the whole market( maybe not funeral or medical) will still continue to drop.
Public transport and school buses I consider essential and would think that more public money will come into play here.I hope sooner rather than later for the sake of all the employees of First group and the rest of this sector .
Hopefully sub 30 will not become the new norm, but I do think this will be a long recovery.
On a lighter note ,just for World Go Around ,before you ask no I have not invested in egg baskets .
O.M.G.
What has caused this ?.
(please don't say a virus) I expected to see 25 % loss but W.T.F.
I do not think that selling part's off at this price can sort this out.
Dennis Dominator 2
Those circular magnets were used on Dennis dominator gearboxes, They were fitted inside the gearbox oil filter to catch metal particles. Mainline replaced the filter with a cheaper after market filter and they were longer than the original voith filters, so we had to remove the magnets to fit the filter in.
I have not got enough to float a full size train but possibly a fiat 500.