Ripley94
05 Apr 2018
Re: Update tomorrow Up another 3% today ....sliced some last week to fund ISA .. Ftse... up 2.35% today 165 points.
magoo100
03 Apr 2018
Lots of after hours buying I think someone is buying these on cheap,hope some good news is in the way
magoo100
16 Mar 2018
Shorted This looks like it’s been shorted,no upward moves to be seen
pyueck
13 Mar 2018
Re: Article In my opinion the article is pretty shallow. The article cites high debt levels, a lack of dividend for 5 years and poor trading. Let's look at these in turn. High debt levels, absolutely the company has too much debt and has struggled to turn profitability into cash. This is always a red flag for me, as with Carillion profits on paper can easily vanish with some write downs. The company has though promised this year that the business will move to be significantly cash generative. Let's see. Equally important is that the company was saddled with really high interest rates on their bonds, mainly over 8%. These are being refinanced down to under 5% which should have a very positive impact on cashflow and eventually help with debt reduction. The lack of dividend is often cited as a reason for the low share price and failure of the companies turnaround strategy (more on that in a minute). I disagree, the company has too much debt and needs to refinance the debt at lower levels. A dividend in my opinion shouldn't be an option until the debt refinance is complete, as without that process going smoothly (and the early indications are encouraging as one refinance is almost complete) the whole future of the company is in jeopardy. They could declare a dividend to sweeten investors, but really don't think it is the right thing to do. They need to rearrange the debt, have a few years of generating cash, show that trading is stable and then review if any excess can be paid to shareholders.Now we come onto trading. Let's be very clear management have not met their own targets when the rights issue was announced. They back then spoke of double digit margins. They haven't achieved this at all. The business is diverse with low margins. They seemingly have built in next to no allowance in their budget for any unusual events and therefore year after year profits are impacted by any small event. They need to change this to have a good forecast of lost days due to unforseen events and report on whether events were above or below this rather than blaming any poor performance on a few days of snow.I would add that in addition I am personally surprised that the Directors are still achieving bonus targets as the KPI's they are achieving seem to have not created any value for shareholders.However with all this said, I still think the Times article was lazy, a case of kick somebody when they are down. Yes the company in many ways is a huge disappointment and I could spend all days picking holes in it. The company though trades at around p/e of 9. i.e. the market has already priced in the fact that this company has a history of under performance. I am not saying it will, but if the company could sell off Greyhound and demonstrates that it is generating serious cash and paying down debt then this one could really fly. The trouble is there is no reason to have any confidence in this company being able to achieve what it says it will. Not sure it's a sell though, its a p/e of 9. For me it's a speculative stock, one that may disappoint for a lifetime or may someday come good. Not sure which it will be but on current valuation could be worth a try.
magoo100
12 Mar 2018
Article Could someone paste the article please?
raptor66
12 Mar 2018
Re: TodayÂ’s fall Sunday Times Tip on FGP, 'Sell'
Butterflybill
12 Mar 2018
Re: TodayÂ’s fall Poor press comment? Sunday Times.BB
magoo100
12 Mar 2018
TodayÂ’s fall Has it snowed somewhere I don’t know about today?
hairyhelmet
06 Mar 2018
Re: Bought back in at 82p I agree It looks very cheap. I currently hold 6 shares that are in the same cheap range. All of them produce profits and pay dividends. Unfortunately the all are unloved due poor management which is what FGP suffers from. Shares do well when management do things and get people excited. FGP management would do better to mix it up a little instead of waiting for everything to fall in place. Still I agree with you that they look a good buy.
magoo100
05 Mar 2018
Bought back in at 82p Couldn’t resist,this is bargain bucket time,target £1
pyueck
02 Mar 2018
Re: Excuses I totally agree with the excuses. They are very sneaky about it too. One year they will cite poor weather as an excuse, the next year they won't mention that the prior years comparatives were impacted by weather and then cite another reason for poor performance.As far as I see it for a group as geographically diverse as this, bad weather should be factored in to their sums, and while nobody can argue that this week hasn't been bad for the UK, the rest of the winter has been pretty benign.
hairyhelmet
01 Mar 2018
Excuses I can see it now at the Full year. Scotland had snow storms. Well guess what it always happens, just like in the Eastern seaboard USA. Its called normal. Now what about selling that hound and giving us a Div. That would be exceptional !!
pyueck
01 Mar 2018
Snow Clearly not good for FGP. Think on trains the government refunds for cancellations caused by snow, but the buses don't think so. Scotland looks like it could be heavily affected for two weeks, not good.
pyueck
27 Feb 2018
Re: Undervalued? Yes I think it is undervalued. The stock sank before the announcement, and then again afterwards. The result is it has lost about 45% of it's value in 9 months, what for the Greyhound division that everybody knew was struggling, struggling some more. Seems an overkill for a division which is 12% of revenue and can easily be sold off.Trouble with companies split into divisions is that if one does badly that's all analysts focus on.
magoo100
27 Feb 2018
Undervalued? Personally think this is undervalued even with the latest problems,though a change of strategy is needed
