Member Info for Davde

I would not listen to anyone on this board as they seem to be a mix of day traders and shorters (most likely via spread betting so not genuine investors). EZJ have been quite clear on their recovery timetable so read the RNS and take a view. I for one am holding back on any further investment in EZJ for now but as they say DYOR.

Pyueck I get the figure to be circa 67%. Think it depends on how you read the 53 percent scale back. I read it that you get circa 47 percent of excess shares tendered above the 38 percent. Might be wrong as not fully awake yet!

This board has been infested with traders since ODX became a covid stock. Many have made lots of money as a consequence, whilst I do feel sympathy for those spiked with high averages and those with a backbone do not go round rubbishing BOD but accept they made a poor investment, as that is a risk when you trade stocks over the short term. The ODX board acted in good faith and answered the call when the pandemic struck. For me they acted with integrity throughout, anybody who invests based on tweets or what has been said on bulletin boards and did not read RNS's does not have my sympathy, they gambled rather than invested based of info available. ODX do have sound products and will generate profits in time for those prepared to wait. I still hold about two thirds of my origional investment from pre covid days and believe they will come good in the coming years, if they do not then it will be my fault not anyone else's!

0.001% of shares in issue is hardly of major concern, probably Santa needs a new sleigh!

Imv Coast are withdrawing as they are likely to make a small return on their investment having failed to persuade FGP to go down their favoured asset stripping route, that they promoted heavily and are not prepared to wait for further potential returns down the line, as they probably have identified other targets. Glad to see the back of them! Personally l am going to take the offer for about a third of my holding as I have reservations regarding what the future SP will be! The planned dividend targets seem a stretch, in particular the UK bus profitability for me.

They said share buy back would happen in Autumn, by my reckoning that 's the end of Nov so think we will hear soon regarding the mechanism.

Excuse my ignorance but can someone explain the implications of buying shares via swaps as indicated in the latest 2 RNS's 're holdings? Any help appreciated as never seen this before outside mergers and takeover

I for one am still happy with my investment in DVRG. Yes the current Sp is disappointing currently however over the longer term I expect a multiple return on my investment. Yes there has been slippage on some projects but this to be expected in the real world. Bottom line is they have good products that will produce significant revenues in the coming years, if I did not believe that then I would have sold long time ago. The one thing I would like to see is that any future funds raised are via rights issues as I would happily participate to facilitate faster growth just like the last one.

You can see a logic in buying GOG from a geographical fit point of view. Until it is known in detail what future bus services will look like and how they will be subsidised, I would be nervous of any aquisitions! Happily support organic growth for the foreseeable future and agree GOG's demise may present opportunities.

They said Autumn for distribution, that's before end of Nov by my reckoning. Before that we need the terms of distribution and process published, so in the next few weeks is when we find out hopefully.

Imv the II 's will not allow shares bought back to be held in treasury as FGP could in future reissue to raise capital, with appropriate agreements, this would dilute their holding and the SP. The purpose of the buyback is to return wealth to the shareholders and support a higher SP. The level of the future SP will be underpinned by future profits and subsequent dividend payments. We will find out soon enough!

I think the buyback price will be higher than most think. The II's will have their say and may want a higher premium depending on their longer term view of future profits and distributions. Whatever way you look at it we will be getting circa 40p for every share held at the ex date.

The devil will be in the detail. I would think that tender offer will be limited to a percentage of your share holding with an option to sell more if not all taken up. (A rights issue in reverse) The price will be interesting as it will need to be at a premium to current S P to ensure take up. The big advantage is with a reduced number of shares in future means dividends are likely to be higher (assuming profits made!) which maybe the motivation for institutional investors . Higher dividends supports higher SP. We will find out soon enough as return promised by Autumn.

Not sure the scandal 're US school bus services will impacts sale but we will see!

The future S P will be determined by anticipated profits and dividend payments. E.g if profits are circa £60m the gives a EPS of 5p and a dividend of 1.33p per share at a P/E of 15 the SP of circa 75p. All a guess really until we see profits! In the meantime I wait and hold!

I tend to agree it is unlikely the current Govt would nationalise buses. The proposed franchising model allows local governments to have control of what services they want without the responsibility of directly managing services. Whilst the current subsidy levels due to covid will reduce, it is unlikely they will reduce to pre covid levels given the need to meet climate change agenda by encouraging increased usage of public transport. Fgp is in a position to take advantage of the green opportunities arising.

Feb rns ebitda loss circa 2.1m to 2.3 m.

We await news of how the shareholder distribution will be done, dividend/share buy back, or a combination of both will be in the mix. They said they would let us know after consultation with major shareholders. All we know is the planned distribution will happen this calender year! Think we will find out when sale is formally concluded.

I am pleased the deal is done. We will only find out in time if it was a good if bad price. Whilst both the US school bus and transit divisions made headline profits the insurance provisions seriously impacted these profits, so not convinced we should have kept them or they are worth a lot more. Coast are really only unhappy at the shareholder distribution level and may have done enough to have pressurised the BoD, we will see. The Coast idea of floating off may have worked but by the time you take on the associated costs,it may not have raised much more. The next few months or maybe sooner may see both Coast and Schroders reduce there holdings if they do not get reassurances about further shareholder distributions. We are where we are, it is now all about delivering on UK businesses and I also have concerns about the deliverability of the margins targeted for the bus division! Just give us the dividend asap!

The release of the provision from the balance sheet to the profit and lose account is a non cash transaction. Helps the P&L but no cash to pay a extra dividend, but we live in hope it they have strong cash flow! We will see if Coast Capital can garner more support from the other institutional investors to increase pay outs, a lot depends on their view of the medium term macro economic factors that may impact FGP e.g. Climate change impacts, government transport policies and future demand, there are many others as well! The longer term S P will be determined by achieving their bus and rail profitability targets, plus the dividend level, so currently a lot of unknowns currently. In the interim looking forward to getting the dividend which will hopefully be 30p.

The RMT should really be talking to the government, as they underwrite any pay deal, many public sector workers are facing a pay freeze in the coming years. FGP will be on a management fee going forward. These discussions may flush out what the "rail dividend" will be, as that is a contributor to what any future dividend payments will be. I agree paying a regular dividend tends to attract both institutional and private investors and supports an enhanced SP.