Member Info for slpj

First Bus Manchester.

https://news-ne.firstbus.co.uk/news/first-manchester-buys-local-for-bee-network-as-planning-for-rochdale-buses-services-begins

From the Beeb today.

"More local authorities in England are to be given powers to take control of bus services under legislation being laid before Parliament on Monday.

Transport Secretary Louise Haigh says the changes will deliver a "bus revolution" that will save vital routes.

It will allow all authorities to introduce a franchising system, under which they can decide routes, timetables and fares, with operators bidding to run services for a fixed fee."

First are running some 'Bee Network' busses in the Manchester area. https://tfgm.com/

Interesting.

All uk indices down again today, as is the industrial transport sector fgp sits in.

But at this time of posting, fgp is up almost 4p circa 2.4%.

Maybe it **is** recivering. Or, is it a false rise?

And yet, for all the bad news, the sp is not tanking.

The bad news is already known and priced in. Only fresh bad news is going to knock the sp significantly. So far, fgp is quite resiliant it serms to me.

All uk indices down again today. 30 October and Reeves is a factor, esp' for the transport sector. CGT hike?

No wonder fgp is flat.

Yep, just drifting on very low volume.

Abd how can there be an option/discussion to franchise, when Labour have commited to ending all franchises and effectively nationalising trains and busses?

Who runs it at the moment then?

All those arguments are lost now. At least 5 years of untrammelled socialism, or whatever Starmer deems it to be.

I think a lot of the wealthy will leave if they can. And if they kill the city by disincentivising savings and invrstments, then financial servicrs will see an exodus too.

I also think it's not just fgp one might be better off out of. IT'S EVERYTHING.

Reeves coming octobrt budget might hammer in the CGT nails so deep, that all your current invrstments might be hit quite badly. May better to be out of it all until after that october speech.

It popped briefly above 1.60 yesterday. The time to leave was this year when it was above 1.80.

But of course if you are in at decently below 1.60, -- as the saying goes, it's never wrong to take a profit.

Yep there were better opportunities to sell.

However I think it's found its floor for now. Transport sector and the ftse 250 down today, but fgp up a small tad on very thin trading. No great rush to sell seems evident. I'll keep holding.

Thin volume. Not panicking yet. Lol

US markets possible rebound. If so London will lift, and hopefully fgp with it.

Yep, definitely. And so many times since late last year, good money could have been made on fgp.

Kicking myself with hindsight. Lol.

Yep. Wish I sold at recent 173+.

It'll come back.

Yep. Market rout. Overselling.

Buying op' fgp?

Very low volume. Just going sideways I think. A crystal ball would be great for dipping in and out. 🙂

Interesting sp rise going on today

Maybe. Maybe it's more fundamental.

We may find out more today with Reeve's statement in Parliament.