Member Info for slpj

Bucking the market.

All ftse down; - fgp up.

"-- FirstGroup plc (the `Group') is pleased to announce that it has completed the acquisition of Grand Union Trains GWML Holdings Limited which holds track access rights for a new open access rail service between Carmarthen and London Paddington. The Group has also today submitted an application to the Office of Rail and Road (`ORR') to expand this service with additional paths to Paignton, Devon. --"

It may take a while, but I see the sp increasing gradually, and hence I'll continue to sit on my holding.

The new service between London Paddington and Carmarthen is anticipated to be introduced in December 2027 and run to at least the end of 2037

Sp up at tad. SoI'm not worried by the news today.

FT sp forecasts are still as follows.

The 6 analysts offering 12 month price targets for FirstGroup plc have a median target of 202.50, with a high estimate of 210.00 and a low estimate of 180.00. The median estimate represents a 32.70% increase from the last price of 152.60.

High increase 37.6% 210.00

Med increase 32.7% 202.50

Low increase 18.0% 180.00

Not gold plated assurance I grant you, but is suggestive of not much to be concerned about re the company future, post renationalisation.

Sp steady re privatisation, because alrrady priced in.

Good time to add more?

The tradong volumes are thin. Mid East war worries. Budget worries. Transport legislation worries.

But no short positions. Probably will drift lower. My chance to have got out over 180 and bought back in again --- gone with the wind.

Waiting game again now.

Interesting. But it doesn't seem to have affected the sp one way or the other.

Perhaps muted by general market concerns, the coming end of Oct' budget, Labour transport/nationalisation policy?

Having fallen quite a bit this year at least the sp seems to have found a floor; -- for now.

Perhaps the upcoming results for the 26 weeks ended 28 September 2024, due on 14 November 2024, will provide some clarity and a lift.

One can hope. 😏

Interesting.

There's nothing reported in the news section of First's own website either.

It's not making much if any of the news.

Are you sure it's what it appears to be?

If it is, it doesn't seem to be of much( any?) significance.

Sp down.

Wider markets downturn jitters?

Or new chairwoman Lena Wilson not thought to be a good choice?

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.