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PYUECK
I could not agree more. "excuses and write-downs" how much longer can we wait?.
I am an ex First group employee' Engineer' I know and understand most of the problems effecting First group.
I find it so frustrating how this company is being run,knowing of the potential and quality of most of the staff.
I strongly believe this share could fly but when that is the question.
I am in at about 125 buying with all the different schemes over the years, I should maybe off load 50% at today's price, edge my bets. I am an all in all out type and for the moment think this share is a weak buy.
Hi DD2 Sorry I do not know who dodgy Dave is , never mind where he got his moniker from .
Thank's for the info so a PG9 is a failure resulting from a road side spot check or fleet check.
Avanti ?
Welcome back D.D. Yes too right cannot fault your comments, Blunt and amusing but watch you do not get to abusive or Dennis Dominator 2 will be gone .
What is a PG9 ?
If you work for First group be care-full.
Who knows what they are playing at . I have worked for S.Y.P.T.A. Mainline and now First group.When I worked for S.Y.P.T.E. I wanted to stay Nationalised Money coming out of our ears millions of pounds were wasted, management did not know what to spend it all on.But now they penny pinch and jump from one daft idea to another.
It is not rocket science Reliable clean comfortable and reasonably priced travel is all the customer wants.
They will only go further down if they continue to treat staff like they do.
But I do think that the S.P. is miles too low and time to buy . I am holding.
Hi River Otter
15;11;2019 two major sales £1000000 each, Yes 2x1M
In my opinion money to be made though. risky and long term (does not appeal to many ).
Saturday trading 15;11;2019 ?
Greyhound impairment charge what does that mean ?
When nobody is buying (bus company's) bargains can be had.
Hi Muzzyhill Regarding W.G.R. or W for short, I try not to get drawn in. My grandson thinks his posts are sick ( that's a good thing ).
I show my grandson and read them out, An example of how not to write. I got caught out the other day I had to look who it was that had replied to one of his posts , he had replied to himself.
And yes you are right he seems to have upped his output quantity but not quality.
Come back Dennis Dominator.
I have not sold up yet, My average cost is around 125 so pushing my luck at the moment, greed will probably get the better of me again. I think north of 200 is possible.
I am quite confident this S.P. will rise, many changes are being made and things are on the up .
Oxford bus company has been forced to axe the X90 service .
The journey time has doubled in the last two years due to congestion.
Passenger numbers have dropped 35% since 2015.
The route has shown significant annual losses.
A lesson needs to be learned here regarding Greyhound.
My post on 25;08;19 we need to remove some of the 1700 fleet , reduce frequency and put fares up.
If any politicians truthfully want to help the earth they must act. (buses taken off the road due to congestion)
I strongly feel that it is now time to start paying a small dividend.
A 100% rise on the last end of year S.P. price is now looking possible.
A very difficult one ; What is the position at the moment "ticking over" till it is sold ?
What would you do ?
You have to be care-full there is plenty of money in the pot maybe, but has Greyhound become a parasite that you must control ? How much harm do you suffer by cross sub-sidising.
Hi Hoverfly 101 Will you please read google Bus uk forums then (first group;restructure and survival )
Grayhound for what ever reason is loosing money and is for sale.
Should first group
A Spend money on the fleet polish it up run special offers to make it look a good buy.
B Run the fleet down and save money until a buyer is found.
C Look at what they have and capitalize i.e. remove some of the 1700 buses from service ,reduce route frequency but increase fare prices. service demand rather than 100 % hop on system .
Times have changed and competition is winning but i think that the once loyal customers, can be won back.
Insurance companys should be contacting First group offering to under write , In my opinion it is money for nothing more a legal requirment than an actual operating tool.
To quote " the fleet has become newer year on year" and " the bus was old but the journey was perfect and the bus very clean"
Fanof firstgroup good luck with the deposit. Very risky not as fast or corrupt as horse racing but you can still loose everything.
What will happen to the value of the shares ?????????????????????????????????????????????????????
That's a big question, I bought into Centrica 140 ish they offloaded the AA paid a super divi of 35 if I remember correctly ,I then I sold at 280 ish. 140 -35 =105 , But where are they now.
Many investors need the dividend income, I take the dividend as a capital return and re invest.
If first paid a small dividend I would think they could attract investment from more large players pensions ect .
I am always pleased to see investments like (Ryan Mangold buys 975000 at 119 on 15 08 19).
This type of confidence must be a good sign.
The B.O.D. needs to pay a dividend.
Hold your nerve be patient and have faith in the changes being made.
I hope filmster has taken up the 70p save as you earn offer.
Share value up 37 percent or 30p .
27;12.2018 23 ;07.2019.
B.O.D. gets much needed backing from the majority of the share holders 90 % ( the dog ).
Coast capital 10 percent owners fail to gain control. 10 % ( the tail ).
Time to start paying a small dividend ?
Power to the people (share holders)
Very pleased with the result of the vote.
Power to the people (shareholders).
Coast capital only own 10 % and in my opinion have no long term plan for this company.
While-ever there are enough shareholders that can be bothered to vote, although a major investor 10 % will never be enough to call all of the shots.
The tail should never wag the dog.
Keeping your nerve, small changes with victory's along the way will win the day.
The best way to stop W.G.R. taking over this site is not to get drawn in . Pyueck don't fall for it, Totally ignore this waffle he will soon get bored and f go away. This approach works on baby's tots even teenagers.
I have not received any documentation regarding the Coast capital take over sell of best bits plan. I have moved away from certificates and now have my portfolio held ,so that I can sell / buy at the click of a button, but have only just found out that I have to request information is sent on to me regarding voting ect..
If all the best parts are sold all the property / land and vehicles sold what is left has very little value, seems obvious to me that is why the stock is being sold.
I personally think the stock is very under valued.
So it was not all down to Tim o tool so lets get rid of all of
the board of directors. L.O.L.
I am struggling to pick three new directors from the list. I have simply googled all the proposed new directors .
Highly polished presentation but the more you consider it the more vague it becomes. History lesson about what has been done wrong with very little about how to put things right.
Most of us could make our bank balance better by selling our house or by letting out part of our house.But most of us want the house we have, so the answer is to increase income the problem is how do we do that.
Downsize, shrink, sell off, wind up,release capital,merger. These are not just words but strategy's .
Grow, invest, corner the market, target and strengthen are much better strategy's
In the presentation the graph shows value of stock with dividend reflecting on price ( indicating growth as if dividend payment was used to lower initial value or purchase price).
I am not trying to advise and I have not decided what to do myself but this is not a decision to take lightly and could be a massive mistake.
I have been reading back on old post,s on here , makes interesting and amusing reading.
PYUECK Thank's for the info, I have read the presentation.
I do not know how I will vote at the moment.
It is very hard to defend the board after the failed 100M 2013 turnaround strategy.
Davde I could not agree more.
Thank's Daimler
Hi The E.G.M. will be on 25th june
Coast capital only own 10 % ?
Coast capital want to oust six directors and replace with seven of there own, I imagine based in America ?.
Who are the seven and what is the intention behind this change is it to sort out the problems or to smarten things up for a quick asset strip and sell off ?
Hi Dieberg Sorry if you feel offended, But you have taken me all wrong.
I think you have been very shrewd with your investing. In my post's , I have been promoting the saye scheme and wish I could still participate.
We are not alone thinking that first group shares will soon be on the up. ( google "first group share predictions" ) you will see the opinion of the financial times group of stock brokers along with others.
You certainly are not an idiot . Good luck
Hi Diberg Pleased that I made you smile with the £18,000 folly, If yo scroll down you will see that it was Filmster that started it all last wednesday, with "70p got to be worth £500"
But with respect I must repeat that the scheme is a no gamble play with shares. the only way you can loose is to buy the shares at above open market value or buy below market value and hold on to them.
Regarding your shares you have not lost any money not a single penny because you have not sold any of them yet. your investment was made at a good price (on the day) you have avoided income tax and national insurance contributions and have not had to pay any transaction fees for buying or selling.
The risk you have taken is holding on to the shares and if you sold today yes you would show a loss.
When the scheme ends you can
A have your money back = no risk and no loss
B buy the shares and hold on to them = risk
C buy the shares for 70p and sell them on the open market straight away if the open market price is over 70p and by enough to cover the transaction cost. = profit
The B.A.Y.E. scheme is risky because you (actually buy) the shares on the open market.
Filmster £5,322 = 59.13 % on £9000 or
29.5 % would represent a lump sum investment of £18,000 (not drip fed)
Leyland leopard I agree the payment of any dividend could be a long time coming but the saye scheme lasts three years. I would be very surprised if by the end of the three years it has still not been re-instated.
paying a dividend at the moment would be foolish.
debt management fleet upgrading and system upgrading is key in my opinion.
Tim O Tool Has left but it was wrong to blame him for all that has gone wrong, hopefully things will drop into place soon good planning and patience are needed with this slow burner .
The 3 % rise should cover inflation and pay rises although I do think that where possible customer satisfaction rather than supplying a service to passengers with no option but to use public transport is very important.
Hi regarding Filmster if you invest £500 per month a total of £18000 but drip fed so actually an average of £9000 actually invested over the three year term .
buys you 25714 shares at 70p buy accept the shares then sell them if the value is the same as today's value 90.7 p you get £23,322 that's a profit of £5,322.
Absolute no brainer,
If and I mean if the shares rise above £1 and the dividend is re-instated and the changes being made have the desired effect who knows ,.
The £5322 profit at todays price could be much more . and a money back guarantee.