FirstGroup (FGP)

Sector:

Commercial Transport

Index:

FTSE 250

133.30p
   
  • Change Today:
    -1.90p
  • 52 Week High: 187.70p
  • 52 Week Low: 133.10p
  • Currency: UK Pounds
  • Shares Issued: 615.47m
  • Volume: 1,581,365
  • Market Cap: £820.42m
  • RiskGrade: 282

FirstGroup to sell all but two of remaining Greyhouse properties for $140m

By Michele Maatouk

Date: Tuesday 20 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Transport operator FirstGroup said on Tuesday that it has agreed the sale of all but two of its remaining Greyhouse US properties to Twenty Lake Management, an affiliate of Twenty Lake Holdings, for around $140m.
FirstGroup, which is carrying out the sale through subsidiary FirstGroup Services, is expected to receive the proceeds in December. The company also said it completed the sale of a site in Denver for net $9m in August, with some of the proceeds being applied in further de-risking of the residual Greyhound pensions liabilities.

In aggregate, the book value of the Greyhound properties sold since the year end was around $60m as at 26 March, the company said. As a result, a profit on sale of circa $90m is expected to be booked in the current financial year.

Chief executive Graham Sutherland said: "The sale of these residual Greyhound properties is another milestone in refocusing FirstGroup on our strong positions in bus and rail in the UK.

"We look forward to building on our robust platform for growth and shareholder value creation in future."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FirstGroup Market Data

Currency UK Pounds
Share Price 133.30p
Change Today -1.90p
% Change -1.41 %
52 Week High 187.70p
52 Week Low 133.10p
Volume 1,581,365
Shares Issued 615.47m
Market Cap £820.42m
RiskGrade 282

FirstGroup Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.07% below the market average11.07% below the market average11.07% below the market average11.07% below the market average11.07% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
25.34% below the market average25.34% below the market average25.34% below the market average25.34% below the market average25.34% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income
62.25% above the market average62.25% above the market average62.25% above the market average62.25% above the market average62.25% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
24.36% above the market average24.36% above the market average24.36% above the market average24.36% above the market average24.36% above the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FirstGroup Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Jul-24 30-Nov-23
Paid 23-Aug-24 03-Jan-24
Amount 4.00p 1.50p

Trades for 31-Oct-2024

Time Volume / Share Price
16:55 44,372 @ 134.59p
16:55 291,031 @ 133.57p
16:35 970,885 @ 133.30p
16:35 8,102 @ 133.30p
16:35 770 @ 133.30p

FirstGroup Key Personnel

CFO Ryan Mangold
Chair Peter Lynas
CEO Graham Sutherland

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