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FIRSTGROUP (FGP)     

BAYLIS - 22 Aug 2008 21:47

Chart.aspx?Provider=EODIntra&Code=FGP&Si

skinny - 07 Mar 2012 10:48 - 48 of 194

New 12 month low hit today @281.30p

Treblewide - 08 Mar 2012 09:03 - 49 of 194

have picked some up at 284 for the divi

skinny - 08 Mar 2012 09:09 - 50 of 194

No one likes a bottom picker :-)

I'm keen to buy these again, but can't quite press the button atm.

skinny - 08 Mar 2012 14:49 - 51 of 194

Just had a small spread bet @283.21.

Am I missing something here? Within a whisper of the 12 month low again today - yield 7.83%

BAYLIS - 20 Mar 2012 19:06 - 52 of 194

Transport company FirstGroup announced the £14 million sale of a London bus depot and operations yesterday to rival Go-Ahead Group.

The sale of the Northumberland Park depot in north-east London, with 130 vehicles on 13 routes and 400 employees, is part of the Aberdeen-based group’s announced strategy to sell assets it no longer regards as core.

sutherlh1 - 27 Mar 2012 11:10 - 53 of 194

300p proving resistance now. Looks like a double top, possibly targetting around 260p. I will wait a little longer before getting in here, although I think it's long overdue a big bounce. H

skinny - 29 Mar 2012 08:03 - 54 of 194

Trading Statement.


Chart.aspx?Provider=EODIntra&Code=FGP&Si

skinny - 29 Mar 2012 08:10 - 55 of 194

Just taken a small SB @239.

BAYLIS - 29 Mar 2012 11:16 - 56 of 194

Will they cut the divi now.

skinny - 29 Mar 2012 11:21 - 57 of 194

Baylis - from the trading statement.

The Group has market leading positions and, while addressing the impact of the
current weak economic environment and trading conditions in certain markets in
which we operate, we are taking action that will strengthen our businesses for
the future. Therefore, the Board is committed to dividend growth of 7% in line
with our current commitment and is confident that the Group has good prospects
to deliver long-term value for shareholders in a sector which is a key enabler
of economic growth.

But who knows!

skinny - 29 Mar 2012 13:25 - 58 of 194

HL's lunchtime take on FirstGroup.

sutherlh1 - 30 Mar 2012 18:45 - 59 of 194

Despite the up market today, this has dropped, probably much too much. Nevertheless, it looks like testing old support at around 200p, from a chart point of view imho. I still think a big bounce is likely, but I will hold off 'getting on the bus' for a while yet. H

skinny - 30 Mar 2012 19:02 - 60 of 194

I'm out at break even (having been +10) - I'm not prepared to hold over the weekend until things become clearer.

skinny - 10 Apr 2012 12:30 - 61 of 194

£2 looking suspect - 2009 low was 192.90.

Chart.aspx?Provider=EODIntra&Code=FGP&Si

skinny - 10 Apr 2012 16:35 - 62 of 194

Uncrossed below £2. (198.50).

halifax - 11 Apr 2012 12:44 - 63 of 194

skin do you think it has reached bottom? If so may be worth a punt even if the dividend is reduced.

skinny - 11 Apr 2012 14:26 - 64 of 194

I closed my short yesterday on the bounce off of £2 and will re-enter on a significant break either way - I'm guessing it will be to the short side.

halifax - 11 Apr 2012 16:31 - 65 of 194

skin nice to know your view, everything depends on the final dividend which last year was 15p so if that is maintained or increased by 7% which is the boards stated intention then the downside looks limited at the current sp of around 200p.

skinny - 11 Apr 2012 18:14 - 66 of 194

Yes as posted on here (or the chart thread) they still maintain that the dividend will be covered, which gives a yield of 11.09% - a somewhat bizarre decision when considering their other problems.

iturama - 12 Apr 2012 14:08 - 67 of 194

Do you expect them to change their dividend policy based on the share price? now that would be bizarre...
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