Pre tax profit down by 87%. Debt increased to £2Bn, which in the words of First Group themselves is at a level that puts their investment grade credit rating in jeopardy.  £80m of bus disposals last month.  Profits of under £40m, but intend to invest £1.6Bn in the next five years, yet only raising £600m which is to reduce their debt to more manageable levels. So where does the £1.6Bn come from? I also wonder how much of their investment is actually replacement of assets (typically buses).

I'm not suggesting they are about to go bust, but I could understand if DaFT would be just a little cautious at the moment. Though I'll probably be proved wrong any day now with the announcement of a management contract.

If they drop much further, I may phone a stockbroker. Or Ladbrokes. Either way, it may be worth a punt.

I assume the trial of the Two Together card in the West Midlands was never extended into something more widely available.

All areas of the business are profit making albeit small at the moment, anyone suggesting insolvency or dft waiting etc is nuts, the company can service its debt and intends to spend £1.5 billion across all areas of the business over the next four years, i some how think the First group haters are hoping their demise is near but i think not.

Well yes... But if FGW still sell First Class tickets to Maidenhead passengers.. They need to do something.. Provide a First class service maybe? Or stop charging people extra money for nothing...They won't admit to either I don't think...

You can only purchase a 3 year card until the day before your 24th birthday, so that it will run out before you turn 27, in line with the latest date you could buy a 1 year card, the day before your 26th birthday.

Indeed.. I chose to walk generally.. Only as the bus service is far from regular also...

Lucky young people.  I couldn't purchase my Senior Card one hour before my 60th birthday, so I had to wait a few days before I could use it. 

Hope that isn't the case then.. The "worksite is the whole front car park, Silco Drive plus part of Shoppenhangers car park.. Hopefully is that was going to happen it would be communicated slightly further in advance... Although I guess that won't all be this weekend I do wonder whether Silco drive will be there much long.. After all it appears Apcoa have given up on checking tickets in it all this year