PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Is it worth keeping C shares ? or take the cash ? do C shares go up in value or do they simply retain the same value ?
Nice rise today....if costs can come down e.g fuel etc , even though it has had some neg affect on the USA side , then perhaps onwards and upwards :)
FirstGroup plc (LON:FGP)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a research report issued to clients and investors on Wednesday. Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon reiterated a “hold” rating and set a GBX 140 ($2.12) price target on shares of FirstGroup plc in a research note on Friday, January 16th. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 153 ($2.32) price target on shares of FirstGroup plc in a research note on Tuesday, January 6th. Analysts at Deutsche Bank reiterated a “hold” rating on shares of FirstGroup plc in a research note on Monday, December 8th. Finally, analysts at Liberum Capital reiterated a “buy” rating and set a GBX 155 ($2.35) price target on shares of FirstGroup plc in a research note on Thursday, December 4th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 137 ($2.07). FirstGroup plc (LON:FGP) opened at 105.50 on Wednesday. FirstGroup plc has a one year low of GBX 100.00 and a one year high of GBX 146.139. The stock’s 50-day moving average is GBX 106.0 and its 200-day moving average is GBX 116.6. The company’s market cap is £1.271 billion. FirstGroup plc is engaged in the provision of passenger transport services principally in the United Kingdom and North America together with some activities in other European countries, including Denmark. The Company operates in five segments: First Student, First Transit, Greyhound, UK Bus and UK Rail.
Released : 21/01/2015 21 January 2015 FirstGroup plc THIRD QUARTER 2014/15 TRADING UPDATE FirstGroup plc (the "Group"), the leading transport operator in the UK and North America, reports the following update in respect of trading since 1 October 2014. Summary Overall trading for the Group is in line with management's expectations, and our transformation plans continue to make progress: * First Student: recovery plan on track, with improved pricing achieved in recent bid season and cost efficiencies * First Transit: revenue expectations benefitting from organic growth on existing contracts * Greyhound: demand adversely affected by sharply lower fuel prices over the key holiday period * UK Bus: continued volume growth and progress with cost savings, with increases in yield starting to contribute * UK Rail: robust volume and revenue growth, with financial performance towards the top end of our expectations Commenting, Chief Executive Tim O'Toole said: "Overall trading for the Group is in line with our expectations. Our First Student and UK Bus transformation plans are on track and both divisions are delivering the expected improvements in financial performance. Demand for Greyhound services over the important holiday period was adversely affected by the significant and rapid reduction in fuel prices, which makes car travel more affordable and competitive with our services. This was offset by good performances in First Transit and our UK Rail operations, which are both achieving growth towards the top of our expectations with robust margins. Overall we are on course to meet our full year expectations for the Group, and we are confident that our multi-year plans will deliver improved cash generation and create sustainable value over the medium term." First Student First Student's operating performance in the period has benefitted from the important step forward made earlier in the year, with the improved pricing achieved on contracts awarded in the 2014 bid season making an impact for the first time. Market conditions are improving modestly with organic growth still limited, and we continue to expect our bus portfolio at the end of the current financial year to be broadly similar in size to the prior year. We are delivering against our target of $50m per annum in cost efficiencies and remain confident of achieving approximately $20m in the current financial year, with margins in excess of 7.5%. As previously indicated, with cost inflation running ahead of price indexation on some of our multi-year contracts, we will continue to focus only on retaining or winning contracts in future bid seasons at prices that deliver an appropriate return on capital employed. We are on track to meet our medium term target of double-digit margins for First Student through our contract pricing and cost efficiency programmes. Fir
LONDON, Jan 21 (Reuters) - FirstGroup said it expected to meet its forecasts for the current financial full year after strong third-quarter performances from its rail operations in Britain and its shuttle bus business in the United States. That record offset a fall in demand for travel on Greyhound buses in the U.S. in the period since Oct. 1, as customers took advantage of the fall in the price of fuel and opted to drive instead. Analysts currently expect FirstGroup to post pretax profit of 152.70 million pounds ($232 million) for the year to March 2015. The company suffered a series of setbacks in its UK rail business last year, bidding for five contracts without winning one. However, it said its existing major rail contract, First Great Western, grew strongly, posting an underlying passenger revenue rise of 7.3 percent in the period, and it was negotiating with the government for a new contract to run it until 2019.
I would prefer to see them issued at less than a pound each, it would help push the price higher, due to the price looking psychology cheap
Underlying pretax profit increases 76% at Dixons Retail StockMarketWire.com Electrical retailer Dixons Retail said group underlying profit before tax for the year to end-April increased by 76% to £166.2m versus £94.5m reported in the previous year and up 10% on a restated basis. - Further strong progress in the UK & Ireland with underlying operating profits up 24% - Elkjøp delivered another strong year with record sales - Greece delivered an improved performance with some signs of stability returning to the market · Another successful year for the Group, delivering on its key objectives: - Firm establishment of a sustainable business in a multi-channel world - Disposals of all non-core operations, leaving the Group with leading positions in all our core markets · Proposed merger with Carphone Warehouse announced to develop a leading position across electricals, mobiles and connectivity. - European Commission has confirmed that it has unconditionally cleared the proposed merger · Group online sales increased by 16% to £1 billion. · Customer service metrics at their highest ever recorded levels in all markets. · Return on capital employed of 16.3%, up from 14.9% in the prior year. · Group costs reduced by a further £45 million completing the two year £90 million cost reduction initiative. · Very strong cash generation with the Group ending the year with net cash increasing to £70.9 million. Financial highlights · Total underlying Group sales up 3% at £7.22 billion (2012/13 £7.03 billion). · Group gross margins down 0.2% in the full year, with an improvement in the second half. · Total profit before tax after non-underlying items increased by 53% to £132.9 million (2012/13 profit of £86.6 million). · Post tax non-underlying charges of £186.0 million, relating mainly to disposals of non-core operations. · Underlying diluted earnings per share 3.0 pence (2012/13 earnings of 2.6 pence). Basic loss per share including discontinued operations of (1.9) pence (2012/13 loss per share of (4.5) pence). Sebastian James, Group CEO, commented: "This has been a great year for the Group with some excellent performances across our multi-channel businesses, together with the achievement of a number of important strategic objectives. Our profits are up 76% from those we reported a year ago. This not only reflects the fact we have now exited all of our non-core markets, meaning we are now a leader in all our core markets, but is also a testament to the creativity and hard work of our teams. The Group is in robust financial health with further cash generation resulting in a strong net cash position even after the costs incurred in exiting the non-core businesses. Best of all, our customer service metrics have again reached new records. All of this all means that the
http://www.express.co.uk/finance/city/484016/Electrical-retailer-Dixons-see-profit-growth?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+daily-express-city-business-news+(Daily+Express+::+City+%26+Business+Feed) Electrical retailer Dixons see profit growth DIXONS is expected to be buoyed ahead of its merger with Carphone Warehouse with underlying full-year profits set to leap 69 per cent to £160 million this week.
Is it to late to buy gnc to be eligible for any dividend? Results looking good.
Based on time2buy post , why is the price so low (other than big seller) based on 5 mil in the bank , and profits before pretax of 3.4 mil ! i understand they are not the cheapest supplier around........but still why so cheap , i understand , more sellers than buyers etc , but why the mass exodus ? This is from last months TS The Group expects to report profit before tax of approximately GBP3.4 million (as adjusted for amortisation of intangibles, the charge for share options and exceptional items) for the year ended 30 April 2011. Although below expectations this compares with a loss of GBP0.2m in the prior year and gives us a firm foundation to address the opportunities for growth across the business in the current year. Cash balances at the year end were approximately GBP5m