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Post by Deleted on Mar 15, 2013 18:14:18 GMT
Garage and land probably worth more than the opco. From a proud organisation to destruction in twenty years, First should be ashamed of themselves.
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Post by Deleted on Mar 15, 2013 19:56:24 GMT
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jt
Driver
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Post by jt on Mar 23, 2013 21:58:44 GMT
Another Story appeared today: www.northamptonchron.co.uk/news/environment-transport/northampton-bus-routes-at-risk-1-4924809Look whats stagecoach is up to: PF0007071/337 - UNITED COUNTIES OMNIBUS CO LTD T/A STAGECOACH EAST, ROTHERSTHORPE AVENUE, ROTHERSTHORPE AVENUE IND'L ESTATE, NORTHAMPTON, NN4 8UT Registration Accepted Starting Point: Kings Heath Finish Point: Camp Hill Via: Service Number: 12 Service Type: Normal Stopping Effective Date: 12-MAY-2013 Other Details: To operate a 15 minute frequency Monday-Saturday and half hourly on Sunday PF0007071/339 - UNITED COUNTIES OMNIBUS CO LTD T/A STAGECOACH EAST, ROTHERSTHORPE AVENUE, ROTHERSTHORPE AVENUE IND'L ESTATE, NORTHAMPTON, NN4 8UT Registration Accepted by SN Starting Point: Shelfleys Finish Point: Parklands Via: Service Number: 10 Service Type: Normal Stopping Effective Date: 13-MAY-2013 Other Details: Monday - Saturday half hourly service Further improvements take place on Monday: www.stagecoachbus.com/serviceupdatedetails.aspx?Id=6984 |
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Post by Deleted on Mar 24, 2013 22:46:15 GMT
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Post by duncan on Mar 24, 2013 22:48:11 GMT
No need, just hide it away somewhere where there is next to nothing to compare it against. |
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jt
Driver
Posts: 397
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Post by jt on Mar 25, 2013 17:47:20 GMT
Of course it could be heading for school duties, plenty of life in the old dog.
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Post by Deleted on Mar 25, 2013 18:16:02 GMT
Rumour doing the rounds that First has sold its London operation to a combine of Metroline and Abelio. I'm not one for rumours (says he, as he reposts it on an enthusiasts forum!), but if there is any shred of truth in it, it would be possible for them to make the purchase and not foul the 25% rule for TfL operations. Any insider got anything to add?
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Post by The Captain on Mar 25, 2013 18:45:06 GMT
Rumour doing the rounds that First has sold its London operation to a combine of Metroline and Abelio. I'm not one for rumours (says he, as he reposts it on an enthusiasts forum!), but if there is any shred of truth in it, it would be possible for them to make the purchase and not foul the 25% rule for TfL operations. Any insider got anything to add? I hope its true-no more cascading of unsuitable buses to the provinces!. |
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Post by Arriva Wakefield on Mar 25, 2013 19:00:36 GMT
Rumour doing the rounds that First has sold its London operation to a combine of Metroline and Abelio. I'm not one for rumours (says he, as he reposts it on an enthusiasts forum!), but if there is any shred of truth in it, it would be possible for them to make the purchase and not foul the 25% rule for TfL operations. Any insider got anything to add? I hope its true-no more cascading of unsuitable buses to the provinces!. Have heard a rumour about Willesden Junction, but nothing about any other depot. |
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Post by Deleted on Mar 25, 2013 21:04:21 GMT
The end of Trident cascades would probably help the operation.......without doing anything else!
Best just to wait and see. If they want to meet the £80million target by close of play this week, it'll be announced before Friday.
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jt
Driver
Posts: 397
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Post by jt on Mar 26, 2013 14:58:45 GMT
I have heard its being held up, and its not to any company that has been already listed, IE new players into the market.
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Post by Deleted on Apr 9, 2013 7:11:08 GMT
Firstgroup have sold up in London. Five garages to Metroline and three to an Australian outfit, I've never heard of. £80 million in total. That should help the balance sheet a little.
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Post by Arriva Wakefield on Apr 9, 2013 10:08:30 GMT
Firstgroup have sold up in London. Five garages to Metroline and three to an Australian outfit, I've never heard of. £80 million in total. That should help the balance sheet a little. Not quite, there is still Dagenham, but think that'll be dispersed on a route by route basis, seeing as the PVR is soon to drop by around 80% due to tender losses. |
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Post by littlenipper on Apr 9, 2013 10:13:39 GMT
Yep its true from route one magazine.
First sells London for £80m
Metroline and Australian group buy eight depots
First has completed its disposal programme with the sale of its eight remaining London depots for £80m.
In a statement to the Stock Exchange this morning First says: “In line with our strategy to pursue selected business and asset disposals, today we are pleased to announce the sale of five of our London depots to Metroline, an existing London bus operator, and three of our London depots to Transit Systems Group, an Australian transport company, for a combined consideration of approximately £80m.
“Both disposals are subject to the necessary regulatory approvals including contractual obligations with Transport for London
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Post by duncan on Apr 9, 2013 10:19:29 GMT
Yep its true from route one magazine. First sells London for £80m Metroline and Australian group buy eight depots First has completed its disposal programme with the sale of its eight remaining London depots for £80m. In a statement to the Stock Exchange this morning First says: “In line with our strategy to pursue selected business and asset disposals, today we are pleased to announce the sale of five of our London depots to Metroline, an existing London bus operator, and three of our London depots to Transit Systems Group, an Australian transport company, for a combined consideration of approximately £80m. “Both disposals are subject to the necessary regulatory approvals including contractual obligations with Transport for London My bold, so thats it all finished with no sale of Rotherham and all the other depots some of our "learned colleagues" have been predicting. I must confess to seeing a bit of deja vu in this one. (thinks, wonder when the buy back is set for) |
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