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https://www.msn.com/en-gb/money/other/firstgroup-faces-new-battle-over-3-3bn-us-bus-sale/ar-BB1gsxRY
Interesting times ahead
This message board contains a mixture of sentiments
If you are a long term fan/investor or maybe former employee of FGP watching the demise is very painful and possibly costly!
If you use the stock exchange as an investment tool, then you pays your money and takes your choice
There is no doubt the rocky ride will continue,buy at 30p sell at 40p seems the way to extract max profits,certainly in the short term
Welcome back DD,
The problem with UK bus and rail is the possible election of a Labour government,with re-nationalisation high on their agenda.
Rail is protected in as much as the franchise will be allowed to expire,and you would asume that investment would be scaled down,as the finish date approaches
UK Bus have been scalling back over the last few years
Ultimately that could leave us with just the US operations,a far cry from where Moir Lockhead started!
Quite where this stock is heading,who knows?
I'll hang on for the time being,if only for the fun of the ride
This stock is a hard one to call
The price upturn is much overdue and the big £££ purchases would suggest a confidence going forward
Is a return of the dividend on the cards,who knows?
The UK rail franchaise system is not fit for purpose,this is a fact know to all political party's,but just how far it is down the list of "things to do" is pure guess work
The government awarded the West coast and part of HS2 and then they decide to have a review into whether or not HS2 is viable or not,crazy!
To sell @1.28 or not? good question,enjoy the ride,no pun intended
Selling First Bus would appear to be a rash decision
The board must have felt the need to do something,but the real problem was always the overpriced purchase of Laidlaw/Greyhound and the inability to package a good shareholder deal for its disposal
The impact of a successful coup on UK Rail,could be calamatous if not managed in the right way
The Dft are run with much political dogma,and have been know to act in a very chirlish way,if upset.
FGP have crossed swords in the past, with the West Coast fiasco,where the cost of the franchise bid was never recovered, being one such event
The Great Western franchise is on a rollover award,and apperas to be giving a return,albeit a small one
If the coup is successful, the withdrawal fron UK Rail needs to managed in a proper mannner
A slow withdrawl upon franchise expiry is probably best,so as not to leave the company's moderate returns exposed.
The government privatised the ralways to enable companies like FGP to fill their boots There is money to be made in rail until, as Denis Dom rightly points out,the premiums out weigh the profits The problem is,if FGP dump UK Rail,then as has been suggested they also dump Greyhound,along with their dwindling stake in UK bus, the profile of the company will be reduced to a USA school bus company Its hard to see a way out of this mess
Although not a franchise renewal award,a 5 year extension is a very significant period of time,previous extensions to various franchises have been 6-18 mths The Scotrail franchise announcement is imminent if the timetable is adhered to http://www.transportscotland.gov.uk/rail/scotrail-franchise/scotrail-franchise-renewal-programme Fingers crossed,i'm holding out on this one!
Everyone seems to be waiting for the Scotrail franchise award to be announced,but yesterday's 5 year extension to the Great Western franchise was met with underwhelming activity on the share price. Cant see much improving the position......hope i'm wrong