FirstGroup (#FGP) – sack-the-board GM requisition from Coast Capital Management
- 2019-05-13 07:10:57
The train operators certainly do make it easy to invest in them. I read in the business pages of one of the deadwood press publications today that 'a £2.6 billion standoff over pensions threatens to derail a string of train franchises' which could well hit hopes to award long-term franchises in some parts of the country including the West Coast mainline which I live close to. Another problem for that top performing politician Mr Grayling to deal with. Why is his name never mentioned as a future Prime Minister?
I am trying to think if I have ever been to ‘Madchester’ bus station. Whilst I ponder this, I can provide you with the news that FirstGroup (FGP) which apparently used to own it has sold it on for £11 million or so to another transport group Go-Ahead (GOG). How exciting. Much as I would like to talk about transport hubs of the north, there is a serious side to my preliminary waffle…
Something a little different today from all those worthy growth at a reasonable price type companies I normally ramble on about. Whisper it quietly, but I think that FirstGroup (FGP) is cheap here. I know that a transport company is never the most popular name - and I await the opprobrium from the TransPennine Express train and related users in the comments section - but hear me out, after all, got to be greedy when others are fearful and all that.







