magoo100
15 Nov 2017
Re: Results If you ask me I think this was a deliberate short attack,these bear raids are becoming common again
hairyhelmet
15 Nov 2017
Re: Results I tend to agree with your sentiments pyueck. It does seem a bit harsh given the low PE, improving cash flow and debt reduction. If I hadn`t already bought enough of these I would indeed probably buy more. Don`t despair though the price will tick up over the coming months if there is no snow, wind, leaves, elections or strikes.
pyueck
15 Nov 2017
Re: Results Pretty surprised at the markets reaction to the results. When you look at the business now compared with 5 years ago (i.e. generating rather than burning through cash) its hard to see how the share price is the same in a rising market.Potentially a good entrance point in my opinion, with the bond refinance starting next year, hopefully on lower rates, this could imhp really see profits take off.Maybe investors are fed up of waiting for dividends, and they can't be blamed for that! Or maybe investors are fed up of the barrel full of excuses this company has every results. Maybe investors are worried what a Labour government would mean for this business. All valid concerns, but still think this one has been pretty harshly treated after the half decent set of results.
magoo100
14 Nov 2017
Re: Results Obviously the market doesn't like them
hairyhelmet
14 Nov 2017
Re: Results Results were fairly predictable - dragging up reasons for failure to be expected. Importantly debt is going down and cash flow improving. If I continue to hold, hopefully, one day everything will be rosy and I will get my money back. I am resigned to being a very long term holder.
magoo100
14 Nov 2017
Results Overall a good steady set of results and happy to hold
pyueck
11 Nov 2017
Re: Time between results Well, I personally think they should use all the cash they can make the balance sheet as good as it can be in advance of the refinancing of high yield debt coming up next year.Quite frankly who knows what is going on at company, last update was in June. Maybe all is rosey, but based on the share price falling in a rising market since June I suspect we are in for another wheelbarrow full of excuses. I think there is a big question mark with this company, will profits ever turn into cash. As we are discovering with the likes of carillion, beware cash being below profits for an extended period.Still for all my cynicism, if they can do a good job with refinancing debt in the next few years profitability should be transformed.However one further grey cloud. Labour are now favourites to win the next general election. If he does nothing else I am sure his number one priority will be nationalisation of public transport and overseeing the demise of the likes of fgp.
magoo100
10 Nov 2017
Re: Time between results I personally think the dividend will be resumed next week and things are definitely changing for the better
pyueck
09 Nov 2017
Re: Time between results While one may like to hope for good results (and your logic stacks up) Firstgroup usually disappoints with a barrel full of excuses. Based on the share price I am expecting another disappointing set of results. If I am wrong I will be pleasantly surprised.
hairyhelmet
08 Nov 2017
Re: Time between results I agree totally with your view on updates. Why on earth it is good enough for management to know the facts and us poor investors to left guessing is not on . I am hoping the market has priced the shares down on fears of the unknown (updates could have stopped this). I expect decent results with the USA doing well at good exchange rates and the Uk to be holding up despite pressure on bus. I think its to early to call for the dividend to be reinstated, but would hope for news of this to happen in 2018. I see the shares back at £130 before too long
II Editor
20 Sep 2017
NEW ARTICLE: 12 'out of form' cheap shares that could bounce back "In our seemingly never-ending world of low yields and overvalued stockmarkets, trying to find profitable investments is no easy task. Investors, then, could do well by taking a look at a form of value investing, which goes by the name of "bottom ..."[link]
pyueck
30 Aug 2017
Time between results I have said it before and I will say it again. The time between results at this time of year is too long. 1st of June till the 14th November. Can't think of any other company with such a long time between updating investors, especially in an important period of taking on a new franchise. We need a Q1 update.
Ripley94
25 Aug 2017
Re: I think its quite sad Topped up @ 1.15p ( D )
II Editor
17 Aug 2017
NEW ARTICLE: Trends and Targets for 18/08/2017 " FTSE FOR FRIDAY (FTSE:UKX) Following a week of artificial movements, generated by artificial outrage against artificial politicians, the FTSE closed on Thursday somewhat ambigiously. Strangely, at lunchtime we'd given a client drop parameter ..."[link]
pyueck
12 Jul 2017
Share price What is going on? It looked to be really improving until the last results. Since then bloodbath and we are almost back to the old post rights issue trading range of 85p-110p.I can only assume that trading is awful or people are realising that the South West Franchise win was a pyrrhic one.
