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keeps jumping at 11.50p needs to be let free for next stages! Do we think the RNS on news of company will be released as planned in few weeks?
It will move up quick to 14 then we need to push on from there , every time we reach there we seem to fall back hopefully this time we can climb up to the 20s
Hopefully they let it go later just like yesterday. Really should be in the 12s by now.
they need to let the breaks off this beast and let it fly upwards!
My family in Italy are telling me, people are now arguing over who will put the rubbish out just so they can get some fresh air.
Keep stocking up to go to shops less often.
Distribution companies (like ESL) working harder than Xmas period now.
More confirmation of good news!
https://www.standard.co.uk/business/march-busiest-month-supermarkets-uk-kantar-a4402311.html
Mark@21...........22:01pm
Great Post, and Informative content, I agree, I can only see this sp heading NORTH,
and the Fleet-heading North, South, East & West........woo woo
Yeah and there will also be tr1 and lack of communications from the ii's that are likely not factored in.
That shareholder list is about a week out I think.
Thanks bmr
I suspect we could be in for a good day today. Lots of good press yesterday and charts look genuinely encouraging. GLA
I believe it was 10.75 - 11.00
And I hope those significant shareholder figures are significantly out of date!
What was yesterdays close? I think the UT muddled me again
Really ? LSE site must have it wrong then because it says 147m.
Lol STOB MCAP isn't £171M as I previously suggested it's £170.84M .
Payment In Kind loans, I feel isn't that bad as it doesn't take the liquidity out of the running balance at periodic intervals.
"The idea with these loans is that company will be able to use the money to sort out their balance sheet and then have more than enough to pay all the loan off when the time comes."
Ctc1 stobart group are a major shareholder in esl along with dbay and others.
I’d double check the stobart group mcap bebeto!
The stobart name in Eddie stobart logistics is effectively leased to the company from the stobart group. Seriously the structure past and present confuses the life out of most people but as a cash shell esl owns 49% of the logistics company that was, and all of its many subsideries via 49% holding in green white star holdings dbay holds 51% it sounds worse on the face of it than it actually is, the company that was trading a year ago was basically worth half to the now esl shell ( and shareholders in the same ) After the deal was done than it was prior to suspension (70p sp) The so called black hole in the accounts was £2m not some of the ridiculous sums I’ve seen mentioned and yes it’s carrying debt but I don’t actually see the debt as that big of a problem in the grand scheme of things and with regard to the debt the current trading situation will be helping to ease that burden. Turnover will be massively up in my opinion general consensus was that they was looking at a big improvement before the virus the new management run a tight ship and it will be run to the same high standard as it was upon initial floatation ( essentially the same team ) they will be making cost savings just by how they run things let alone the huge savings on fuel etc. I could pull this apart all night long and the only negative would be the pik loan financing arrangement which in itself will need addressing but regardless doesn’t justify the decimation of the sp I would have thought at any other time over the last few years we would already been back above 25p a share by now but we are where we are and I can only see one direction of travel for this.
Doubt it STOB MCAP is £171M and ESL fundraise opportunity is for £26.95M for reverse takeover
Confused? Stobart buying other stobart?
Sorry truth got confused doesn’t take much lately!
They are going to fundraise for an RTO as per AIM rules.
Where an AIM company takes any other action, the effect of which is that it will cease to own, control or conduct all, or substantially all, of its existing trading business, activities or assets (in which case such action should be notified without delay and include all relevant information that shareholders may require)
upon completion of the disposal or action, the AIM company will be regarded as an AIM Rule 15 cash shell.
Within six months of becoming an AIM Rule 15 cash shell, the AIM company must make an acquisition or acquisitions which constitutes a reverse takeover under rule 14. For the purposes of this rule only, becoming an investing company pursuant to rule 8 (including the associated raising of funds as specified in rule 8) will be treated as a reverse takeover and the provisions of rule 14 will apply including the requirement to publish an admission document
Bebeto - RNS 20th November.
The Company has been informed by DBAY that, following discussion with the Company's Shareholders, DBAY intends to provide the Shareholders with the opportunity to participate in an economic interest of up to 49% of the PIK Facility as soon as reasonably practicable (and in any case within 6 months) following Completion, simultaneously with, and conditional upon, the conversion of the Company to an investing company for the purposes of the AIM Rules, with DBAY appointed as the investment manager.