First Group Speculation

[Garsty]

RE: First Group Speculation
That is the inherent flaw with trying to sell of loss-making operations (or small profit), as generally these have seen little investment over the years due to this fact and as such they are not very attractive to possible buyers.

It’s a bit of a catch-22 situation, First want to sell them as they are loss-making, but no one is interested in them as they are loss making, unless it is so cheap it’s a steal. Look at how business get sold for a token £1 due to this.