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More challenges at FirstGroup - an abuse cover up?

By Chris Bailey | Monday 19 July 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


You my recall that I sold my holding in the bus and rail company FirstGroup (FGP) about three months ago after it had announced that it was selling its US business at a decent – but not too exciting – price. It was certainly time to book a small profit and move on. A month or so later I was observing that a UK National Rail Contracts agreement may have also helped keep its day-to-day bus and rail business going, but its ability to make reasonable continuing profits over the next few years was pretty limited. Clearly that all continues as whilst it may be the so-called ‘Freedom Day’, life is a little bit different.

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