From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

FirstGroup to sell its US business. Also time to sell its shares too?

By Chris Bailey of Financial Orbit | Friday 23 April 2021


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Did you see the big deal involving FirstGroup (FGP) – the bus and rain operator – whose shares are back to a level last seen in early March 2020 following their sale of two North American bus businesses (First Student and First Transit) to Swedish-based private equity group EQT Infrastructure for £3.3 billion? That is kind of interesting given here, back in September last year, the key was observing that ‘it is remarkable what a load of subsidies and a bit of cost control can do’ in terms of a share price that has doubled since.  

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

PICH

Pitch Pit – this stinks

 

GEX

Georgina Energy: Lyin’ Yet again

Time left: 11:54:18