Member Info for slpj

Ok thanks. But irrespective, the divi is only 4p, and there hasn't been massive buying vs selling. So there must be a reason for the sp to have risen a lot more than 4p, above its recent lows in the mid 150's.

It fell from curca 180 on bad news about labour and 'nationalisation' of rail. Has that threat receded a little?

Yep.

But also, 9th July, Berenberg raises FirstGroup price target to 205 (195) pence - 'buy'.

Maybe that's helping too.

Is 4p divi enough for this sp rise?

The sp is rising, and has been rising, even though the volumes sold are very often MORE than the volumes bought.

I thought the sp fell when sales were greater than buys.

Can someone explain?

Is it just seling into the share price rise? If so, what is driving the sp higher?

Yep, that looks like a reason.

News

FTSE 250 ----------

RBC raises FirstGroup price target to 200 (195) pence - 'outperform'

So why is the sp dropping?

Well the results, which don't seem bad to me, have gone down like a cup of cold sick judging by the share price today.

Not looking good.

BROKER RATING CHANGES

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Berenberg raises FirstGroup price target to 195 (191) pence - 'buy'

LONDON, April 24 (Reuters)

---

"Shares in FirstGroup, which runs buses and also has contracts for rail services in western England, to Edinburgh from London, and some commuter services in London, fell 2% in early deals. Analysts said FirstGroup's stock does not price in any future rail contracts, hence the small move."

"This is not a surprise. Labour have been talking about this for absolutely ages," said Liberum analyst Gerald Khoo. "The only thing that's slightly more tangible is they're much closer to getting into power."

Not a surprise, but not welcomed either judging by the selling volumes.

I should have sold at 184 a little while back.

Jeez. Just seen the news. Labour pledge transport renationalisation. 😬

The SP has dropped. Is it being seen as bad that BlackRock has increased its holding?

Buy David Martin 182.40 GBX 100,000 400,000

But I'm confused. The news is reporting it as a sale.

"This annoucement is a correction to replace the announcement released at 13:25 this afternoon as there was an error on the attached FCA form.

FirstGroup plc (the “Company”) announces that it was notified on 26 March 2024 that a Person Closely Associated with David Martin, Company Chairman, sold 100,000 shares at 182.40 pence per share. The transaction took place in London (XLON) on 26 March 2024."

LeLionetleRat. Very good analysis.

"- Vodafone will now try to buck the trend: at the risk of underlining a classic sunk cost fallacy, those who haven’t already crystallised losses might feel they may as well cling on and see how the next big turnaround fares. - "

Yep. 14500 quid in May 2000. All I had to do was make an average of about 3.2 % a year, and I'd have a bit over £30000. Perhaps I should have just put it in the bank. 😄.

Well well.

Having put VOD aside mentally for the last few years (apart from noting the dividend payments), I spent an interesting afternoon recapping.

I bought 5000 VOD in three tranches in May 2000 @ average price of £2.89. I thought I was being astute and buying after it fell. It went on falling and I switched off, other than to participate in the various 'return of value' schemes.

The upshot is, after holding for almost 24 years ( no trading vod), I am actually in the money. If I add in the Two B share cash returns, plus the sale of Verizon shares, plus the dividends collected on both VOD and VZ, then the effective share price on my VOD holding is 0.64p. At today's closing price, I'm up £75.47. ---

Considering inflation of course, what an effortless way to burn money 😅.

Longtime,

"stock market investment is not for the emotional - save that for something more important"

That's rather silly, since greed and fear are two of the most powerful human emotions, and both are very much in the investing driving seat.

You sound bullish pokerchips. Are you?

It's a pity I didn't go 'mobile' a lot more by other means. FGP.L has been slog too, but it's coming right now. 🙂

I wouldn't like to guess the proportions winners vs losers, but it's safe to say that a lot of people have lost money on VOD; esp' if 'unfortunate' enough to have bought in the dotcom bubble. Vod have mesmerised investors for a long time I reckon, and it wasn't only the dividend.

After it crashed (2000) , I put these out of my mind. With each subsequent crash I buried it more. Now it's at a circa 30 year low, and the divi has also crashed. (At least it's a store of cgt loss for my other gains, now that the allowance is dropping to 3k 🤔).

Judging by all I've read over the years, Longtimeinvestor, you obviously have the ability to outfox quite a lot of other investors it seems to me, by constantly trading it in a timely manner. My perhaps silly question to you is, how did you select when to sell and when to buy? How did you know when others didn't, it was going to fall and when on those rare ocassions it was going to rise? And is it going to rise from here, or will it fall more? 😁.

Why did it go up well past 180 last week, and why has it fallen back again today?