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FGP are a complete and utter dead loss. Nearly 2 and a half years since the start of the supposed recovery program and the shares are still little above their all time low,
Don't the people who are running (or should that be ruining) this company not see that the supposed recovery plan isn't enough, the shares touched an all time low again today. Something drastic needs to happen.
have now pretty much been wiped out - absolutely pathetic!
New 12 month low today which is actually only a few pence more than the all time low. Soon be two years since the rights issue and the start of the supposed recovery programme - what the hell are they doing!!
Everything's alright then!!!!!
Anybody who bought in last week thinking they were investing in a winner are now witnessing the reality of this abysmal company.
I'm no expert by any means on how the markets work but I recently read an article that said that it's not just a case of buys vs sells that determines the share price, it's more to do with WHO is doing the buying and selling. According to the article, companies tend to have between 30 and 100 key investors and it's the actions of these investors that has the biggest influence on the way the SP moves. If they are buying (or not selling) SP tends to rise, if they are selling (or not buying) then the SP will fall. Don't know if this is true but the way FGP price moves I can believe it.
http://www.bbc.co.uk/news/uk-scotland-highlands-islands-30726678 Bad, but no doubt the Firstgroup EXCUSE MACHINE will have gone into overdrive at this.
I was only thinking the other day what the institutional investors who must lost lost millions upon millions make of this pathetic outfit. They must be getting pretty fed up the way things are going. http://investors.morningstar.com/ownership/shareholders-major.html?t=FGROF
It's sickening!
The bottom line is the share price performance of this company is abysmal. It has been falling long before any hedge fund got its hands on the rights issue shares. Take a look at the share price since 2008. 2008 ended lower than it started. 2009 ended lower than it started. 2010 ended lower than it started. 2011 ended lower than it started. 2012 ended lower than it started. 2013 ended lower than it started. And the way things are going 2014 will end lower than it started. That plus the fact that now they can't even pay a dividend its nothing short of pathetic.
http://www.ft.com/fastft/242402/post-242402 .....In contrast, rival FirstGroup, another Scottish-based rail and bus operator, hit the buffers after losing out on the contract, putting it at the bottom of the FTSE 250 performance table. The shares were down 4.5 per cent at 103p.
Nothing would surprise me with this useless lot!!!
The decline has not only been during the last 12 months, take a look at the FGP Share Chart for the past 5 years it's pretty depressing. Going back further these shares were once £8+ so over a longer period the decline is even worse. What a mess!
Interestingly Stagecoach who also look likely to miss out on the ECML are only down a couple of percent - Firstgroup more like Worstgroup the useless bunch!
Not sure what it means, but I do know that they are all talk. Meanwhile the share price goes lower and lower and lower!
Pathetic!!!!!!!!!!!!!!!!!
quid
Trouble is no dividend payment (and no indication when dividend payments will resume) implies that the company isn't in very good shape . And as for the Commonwealth Games boost, what difference is a couple of million extra uid going to make? No, I'm afraid they've got themselves into one big mess.
I don't how anyone can defend this useless company. 2013 no final dividend. 2014 no interim dividend, AND no final dividend.. They are clueless - completely!