Rotala (ROL)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

 24.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 55.00p
  • 52 Week Low: 18.50p
  • Currency: UK Pounds
  • Shares Issued: 50.09m
  • Volume: 28,000
  • Market Cap: £12.02m
  • RiskGrade: 315

Rotala acquires Bolton bus depot from FirstGroup

By Iain Gilbert

Date: Thursday 27 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Bus operator Rotala has acquired a depot in Bolton, Greater Manchester, capable of operating up to 200 vehicles and serving 18 commercial bus routes.
Rotala purchased the depot from First Manchester, a subsidiary of FirstGroup, for £5.3m on Thursday, payable in cash on completion, which shall be satisfied from the company's existing bank facilities.

The AIM-listed bus operator said the acquisition will make it the "second largest player in the Manchester bus market" - one of the largest bus markets in the UK - and will also see it set up a new headquarters in the North West.

Rotala will lease 125 vehicles from First in order to service the new routes, with vehicles being replaced progressively by the group over the next two years, leading to lower maintenance costs and fuel efficiencies.

The group also anticipates that the acquisition will be earnings enhancing in the first full year following completion in August.

Chairman John Gunn said: "This acquisition represents an exciting opportunity to expand significantly Rotala's presence in the Greater Manchester bus market.

"The deal is an indicator of how the UK bus landscape is beginning to change. We can expect more divestment by the big bus groups in future years. Rotala aims to be a major player in these market developments in years to come."

As of 0950 BST, Rotala shares had inched ahead 0.17% to 60.10p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rotala Market Data

Currency UK Pounds
Share Price 24.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 55.00p
52 Week Low 18.50p
Volume 28,000
Shares Issued 50.09m
Market Cap £12.02m
RiskGrade 315

Rotala Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.79% above the market average57.79% above the market average57.79% above the market average57.79% above the market average57.79% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
83.34% below the market average83.34% below the market average83.34% below the market average83.34% below the market average83.34% below the market average
47.22% below the sector average47.22% below the sector average47.22% below the sector average47.22% below the sector average47.22% below the sector average
Income
64.81% above the market average64.81% above the market average64.81% above the market average64.81% above the market average64.81% above the market average
76.74% above the sector average76.74% above the sector average76.74% above the sector average76.74% above the sector average76.74% above the sector average
Growth
15.15% below the market average15.15% below the market average15.15% below the market average15.15% below the market average15.15% below the market average
20.59% above the sector average20.59% above the sector average20.59% above the sector average20.59% above the sector average20.59% above the sector average

Rotala Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Nov-19 06-Jun-19
Paid 13-Dec-19 28-Jun-19
Amount 0.95p 1.78p

Trades for 25-Sep-2020

Time Volume / Share Price
10:49 4,000 @ 22.24p
08:43 24,000 @ 24.67p

Rotala Key Personnel

CEO Simon Lee Dunn

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