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Scottidh Mortgage is heavily invested in American tech and has recently sold some of their Tesla
investment at a huge profit. MNG has only gone back to where they were a week ago, probably profit taking. I find that shares usually go down on results unless they're spectacular.
Sorry, I posted the wrong article below. Meant to post this :
COAST CAPITAL CALLS FOR FIRSTGROUP CEO, TWO DIRECTORS TO RESIGN
(Sharecast News) - US private equity investor Coast Capital on Monday escalated its war on First Group as it called for the resignation of the transport firm's chief executive Matthew Gregory, along with two other board members.
Coast, which owns about 14% of the UK-listed company, has been critical of First group's $4.5bn disposal of its First Student and First Transit bus operations in the US to Scandinavian fund EQT.
It said that Gregory, who became chief executive in 2018, should "resign and be replaced by a CEO of industry competency, as soon as possible"
FIRSTGROUP INCREASES SHAREHOLDER PAYOUT TO £500M FROM US SALE
(Sharecast News) - UK transport operator FirstGroup on Thursday said it was increasing shareholder returns by £135m after completing the sale of its US bus assets to private equity firm EQT Infrastructure.
The company will now hand back £500m, around 41p a share. The FTSE 250 train-and-bus operator said it has sold the operations $58m more than initially agreed following adjustments for working capital and debt
FirstGroup said it will consider additional shareholder returns in due course.
The company said in April that it was selling First Student and First Transit
Porsche1946
Why don't you try enjoying your millions instead of spending your life putting everything and everyone down?
I think you must be a very sad person.
By the way, not all British companies are rubbish. You seem to have missed Ashtead which I bought at 48p .