(20 Sep 2021, 1:38 pm)ASX_Terranova wrote Hypothetically, what would happen if say GNE, SNE etc... suddenly went into administration.

GNE, SNE etc won't go into administration. It would be GoAhead or Stagecoach that would go as a whole, no way would they put one of their subsidiary into administration as the PR would be a nightmare. What Rob said is right though but I could imagine the government bailing them out tbh. GNE would be right down on the pecking order though as it's nowhere near one of GoAhead's best interests, vaguely from memory it was the worst awhile back. Stagecoach being the opposite being the second strongest after Manchester I believe.