Train GraphicClick on the map to explore geographics
 
I need help
FAQ
Emergency
About .
Travel & transport from BBC stories as at 10:55 29 Mar 2024
* Attempted murder charge after man stabbed on train
- Easter getaway begins with flood alerts in place
Read about the forum [here].
Register [here] - it's free.
What do I gain from registering? [here]
 02/06/24 - Summer Timetable starts
17/08/24 - Bus to Imber
27/09/25 - 200 years of passenger trains

On this day
29th Mar (1913)
Foundation of National Union or Railwaymen (*)

Train RunningCancelled
09:30 Weymouth to Gloucester
10:55 Bedwyn to Newbury
11:05 Swindon to Westbury
11:29 Newbury to Bedwyn
11:57 Bedwyn to Newbury
12:17 Westbury to Swindon
12:52 Bedwyn to Newbury
13:15 Swindon to Westbury
14:19 Westbury to Swindon
15:14 Swindon to Westbury
16:23 Westbury to Swindon
17:36 Swindon to Westbury
18:37 Westbury to Swindon
20:13 Swindon to Westbury
21:16 Westbury to Swindon
22:30 Swindon to Westbury
Short Run
06:37 Plymouth to London Paddington
08:35 Plymouth to London Paddington
09:37 London Paddington to Paignton
10:35 London Paddington to Exeter St Davids
13:10 Gloucester to Weymouth
Delayed
06:05 Penzance to London Paddington
07:10 Penzance to London Paddington
08:03 London Paddington to Penzance
08:15 Penzance to London Paddington
09:04 London Paddington to Plymouth
10:00 London Paddington to Bristol Temple Meads
10:04 London Paddington to Penzance
11:03 London Paddington to Plymouth
PollsOpen and recent polls
Closed 2024-03-25 Easter Escape - to where?
Abbreviation pageAcronymns and abbreviations
Stn ComparatorStation Comparator
Rail newsNews Now - live rail news feed
Site Style 1 2 3 4
Next departures • Bristol Temple MeadsBath SpaChippenhamSwindonDidcot ParkwayReadingLondon PaddingtonMelksham
Exeter St DavidsTauntonWestburyTrowbridgeBristol ParkwayCardiff CentralOxfordCheltenham SpaBirmingham New Street
March 29, 2024, 11:03:42 *
Welcome, Guest. Please login or register.

Login with username, password and session length
Forgotten your username or password? - get a reminder
Most recently liked subjects
[132] Infrastructure problems in Thames Valley causing disruption el...
[56] would you like your own LIVE train station departure board?
[52] West Wiltshire Bus Changes April 2024
[51] Reversing Beeching - bring heritage and freight lines into the...
[46] Return of the BRUTE?
[32] 2024 - Service update and amendment log, Swindon <-> Westbury...
 
News: A forum for passengers ... with input from rail professionals welcomed too
 
   Home   Help Search Calendar Login Register  
Pages: 1 [2]
  Print  
Author Topic: RoSCo changes hands  (Read 13789 times)
4064ReadingAbbey
Hero Member
*****
Posts: 455


View Profile
« Reply #15 on: January 21, 2015, 21:01:21 »

The three investment funds that bought Eversholt in 2010, 3i, Morgan Stanley, Star Capital, have realised a huge profit on their purchase. With debt restructuring it comes in at around ^700 million. They picked up an absolute bargain when HSBC were forced by HMG to have a fire sale due to the banking crisis. Just think what lovely shiny new rolling stock that ^700 million could have bought. But then the investment funds were only out to make a quick buck. Never any intention on their part of a ling term strategy to invest and remain in charge. Trebles all round.  Roll Eyes Sad

Lets just hope the new owner has a long term plan for the business. With his links to China we might finally see some competitively priced rolling stock heading to the UK (United Kingdom). Hopefully not procured in the same way as IEP (Intercity Express Program / Project.) was.

I don't understand why you are getting so hot under the collar. Investment funds are in business to make money and if HSBC screwed up their business then you can't blame the investment funds for that. If they hadn't bought the business then what do you think would have happened to it? In all likelihood it would have been dismembered and sold off piecemeal. If this were to be the case then the ^700 million would have been virtual money.

The ^700 million would _never_ have bought any trains - unless the income from these trains covered at least the opportunity cost of the investment.

Businesses are bought and sold on the basis of their future projects - not what has happened in the past. That is history. Mr Li obviously thinks that the business has a future - possibly also in other markets - and is therefore worth what has been paid for it. As for Mr Li's long term plans - well, he is 86 and his successors may well have different ideas.
Logged
ChrisB
Transport Scholar
Hero Member
******
Posts: 12334


View Profile Email
« Reply #16 on: January 21, 2015, 21:24:39 »

Indeed...if there hadn't been a sale, there wouldn't have been any profit realised and no '^700million', would there?
Logged
brizzlechris
Full Member
***
Posts: 57


View Profile
« Reply #17 on: January 23, 2015, 11:15:16 »

Looks like Li Ka-shing might be on a bit of a spending spree...

Quote
Asia's richest person Li Ka-shing is in talks to buy Britain's second-largest mobile provider O2 for up to ^10.25bn ($15.4bn) from Spain's Telefonica.

http://www.bbc.co.uk/news/business-30946005
Logged
ChrisB
Transport Scholar
Hero Member
******
Posts: 12334


View Profile Email
« Reply #18 on: January 23, 2015, 11:48:35 »

He owns Hutchison Whampoa....owners of the "3" network, and ex_Mercury Telecoms. Remember Rabbit?
Logged
stuving
Transport Scholar
Hero Member
******
Posts: 7156


View Profile
« Reply #19 on: January 23, 2015, 11:53:09 »

Looks like Li Ka-shing might be on a bit of a spending spree...

He has also just announced a plan to rejig the shareholding structure of the whole of his (very large) group. Allegedly to make it less opaque, but perhaps also to shift the more of the group outside China's influence.
Logged
4064ReadingAbbey
Hero Member
*****
Posts: 455


View Profile
« Reply #20 on: January 23, 2015, 15:18:43 »

He owns Hutchison Whampoa....owners of the "3" network, and ex_Mercury Telecoms. Remember Rabbit?
Hutchison Whampoa owned Orange when I contracted for them in the mid-nineties. They used a largish distribution warehouse somewhere near Banbury that I used to visit and then there was lots of disused Rabbit transmitters and other kit all boxed up.

Mr Li visited from time to time. A quiet dapper man and very polite to all those around.
Logged
grahame
Administrator
Hero Member
*****
Posts: 40691



View Profile WWW Email
« Reply #21 on: January 14, 2022, 21:12:30 »

Read about RoSCos - ((here))

Three Rolling Stock Companies own the majority of trains running on the GB (Great Britain) Network (and have done since the trains were sold off in privatisation some 28 years ago:
Angel Trains - https://angeltrains.co.uk
Eversholt - https://eversholtrail.co.uk/about-us/
Porterbrook - https://www.porterbrook.co.uk

There are some other owners around too who lease trains long term:
QW Rail Leasing
Macquarie European Rail
Beacon Rail
UK (United Kingdom) Rail Leasing
Rock Rail Limited

And some "spot hire" operators who hire out trains for short periods:
MiddlePeak Railways
GL Railease
Harry Needle Railroad Company
Riviera Trains
West Coast Railways
Eastern Rail Services
Logged

Coffee Shop Admin, Acting Chair of Melksham Rail User Group, Option 24/7 Melksham Rep
Do you have something you would like to add to this thread, or would you like to raise a new question at the Coffee Shop? Please [register] (it is free) if you have not done so before, or login (at the top of this page) if you already have an account - we would love to read what you have to say!

You can find out more about how this forum works [here] - that will link you to a copy of the forum agreement that you can read before you join, and tell you very much more about how we operate. We are an independent forum, provided and run by customers of Great Western Railway, for customers of Great Western Railway and we welcome railway professionals as members too, in either a personal or official capacity. Views expressed in posts are not necessarily the views of the operators of the forum.

As well as posting messages onto existing threads, and starting new subjects, members can communicate with each other through personal messages if they wish. And once members have made a certain number of posts, they will automatically be admitted to the "frequent posters club", where subjects not-for-public-domain are discussed; anything from the occasional rant to meetups we may be having ...

 
Pages: 1 [2]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.2 | SMF © 2006-2007, Simple Machines LLC Valid XHTML 1.0! Valid CSS!
This forum is provided by customers of Great Western Railway (formerly First Great Western), and the views expressed are those of the individual posters concerned. Visit www.gwr.com for the official Great Western Railway website. Please contact the administrators of this site if you feel that the content provided by one of our posters contravenes our posting rules (email link to report). Forum hosted by Well House Consultants

Jump to top of pageJump to Forum Home Page