First Manchester

[Brickmill]

RE: First Manchester

(19/02/2019 09:45)Nwales Bus Wrote:  These planned sales have been in the planning for weeks, an announcement of intent of sale, only informs shareholders of changes, this would offset a drop in share price following sale

Now that the main sale of Queens Road is now public, Oldham and Bolton details should be published soon

Based on the three main options for Bus Reform, city depots face the least uncertainty, so it is probably easier for a buyer to have a Strategy with three variations. With the positive of Bolton Road corridor improvement s, higher car ownership rates a wider choice of local destinations and existing potential competition, bus reform is less of an issue in Bolton than Oldham, so that could be next to have a deal concluded. Oldham is the real problem so a new buyer would to be prepared for widely different scenarios - unless they view EQP s