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The low on the 26th was @ 4.5p ...yesterday we closed at @ 14p
That's quite an increase in the SP don't you think . today i believe we will see another 30%.
atb
Yeah and you which company with... lmao
My Hard earned cash is making @ 30% a day lol
atb
Not really TR1s are clearly expected/due. That much is not controversial.
makes you wonder doesnt it... what muppets are here with their hard earned cash
Hi Mark, seems like the FT article doesn't mention anything I wasn't aware of but thanks for sharing
My bad that’s #STOB
LOL - wrong company - you could not make it up
There’s one of the buyers. Expect a few of these today/tomorrow...
Stobart Group Limited & Eddie Stobart Logistics PLC
Not the same thing.
Truthsearcher - from FT 10th December after everything was known and deal was settled:
December 11, 2019 5:00 am by Daniel Thomas in London
Shareholders in Eddie Stobart Logistics will be given the option to take part in a rights issue early next year to help pay down or to share the proceeds of a high-interest loan used to rescue the haulage group by Dbay, a private equity group.
Eddie Stobart confirmed on Tuesday that Dbay had taken a majority stake in a subsidiary that owns its operations after shareholders voted in favour of a takeover deal last week.
The company has received about £55m of cash from Dbay to fund operations, through a so-called “payment-in-kind” facility that carries an interest rate of about 18 per cent. This sort of financing adds interest payments to the existing loan, which means the heavily indebted company will not need to pay out cash. The haulage group had warned that it was running out of money, and at risk of breaching its banking covenants.
Who’s excited for 8am?! Roll on another 25% day please
TR-1
RNS OUT
Hi Mark, the logistics sector in the UK is fragmented as it is in Europe and there have been and will continue to be acquisitions as a result. Not sure who will be next, but agree the sector is acquisition rich. I thought at the time the drop was prompted by the concerns about debt and the balance sheet, before the black hole was revealed, but it may also have been linked to leaks about the black hole itself. ESL is in a better position than before, but the share price of 71p would not have been 71p if the truth had been known, so it is not a like for like comparison. Also, there is now only 49% of the equity here as opposed to 100% before. So you could argue 71p should have been 35.5p which should be 17.75p - but that's a very rough and not detailed assumption. I couldn't access the FT article sadly.
I’ll agre with truthsearcher with this much it’s unlikely to hear any confirmation about possible takeover anytime soon. But the fact that foreign hauliers have stated their intention to expand into uk market post brexit can only be a good sign for us medium term. This will rise naturally as the situation gets digested in my opinion.
Of all the hauliers in the uk truthsearcher who would you say is a more likely takeover target?
Why did the sp drop from over £1 to 71p could it have been to factor in the loss and accounting black hole by any chance?
Given the extra liquidity provided are we in a better or worse situation than pre suspension?
Do you believe there will be no further attempts to grow the business or cut costs from this point on?
Have you read the FT article if 10th December fully with an unbiased open mind ?
@welboy - hahaha love it - he is very negative everyday on here. Think they have just realised how shares work. emmm...
anyway will only go one way IMO - and that is UP UP UP
" may go up, may go down" . Thats pretty informative :-/ . Thats one way to guarantee you may be right ???
Hi Sam, that did make me laugh - ESL may go up today and it may go down today, but the only thing that is certain is that there will be no RNS at 07:00 about a bid - that I can absolutely guarantee you - so hope your dream was good because that's as close as you are going to get today ! See you at 16:30 !
Can’t wait until 8am off to bed now to dream of a bidding RNS landing tomorrow at 7am haha