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Author Topic: RoSCo changes hands  (Read 11837 times)
4064ReadingAbbey
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« Reply #15 on: January 21, 2015, 09:01:21 pm »

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.
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ChrisB
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« Reply #16 on: January 21, 2015, 09:24:39 pm »

Indeed...if there hadn't been a sale, there wouldn't have been any profit realised and no '^700million', would there?
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brizzlechris
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« Reply #17 on: January 23, 2015, 11:15:16 am »

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

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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
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ChrisB
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« Reply #18 on: January 23, 2015, 11:48:35 am »

He owns Hutchison Whampoa....owners of the "3" network, and ex_Mercury Telecoms. Remember Rabbit?
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stuving
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« Reply #19 on: January 23, 2015, 11:53:09 am »

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.
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4064ReadingAbbey
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« Reply #20 on: January 23, 2015, 03:18:43 pm »

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.
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grahame
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« Reply #21 on: January 14, 2022, 09:12:30 pm »

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
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