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@mark your posts have been very good and informative which I thank you for.
I don’t think you need reassurance from what you been posting sounds all ok to me and sensible
Just need the MM and the way aim works to reflect on moving this up into the higher levels on positive news and sentiment
I’d take a steady rise - 900% no chance today ridiculous.
Posts over the weekend were great - on news steady rise back to 32p and then up from there
I'll take 9%
I'd take that mark
12.5p to install calm in me
15p to make me smile
20p to convince me I’m right
25p to make me very happy
I could do with this getting back to 11p quick smart just as a calm inducer,
The 15p in two week, I'd take that.
Let's see what Monday brings
Let's hope so, although I am never surprised by anything anymore
I can’t see how they would refuse to give the final thumbs up on extra capacity at a time like this! It’s passed local planning but with much objection from locals but given the times we find ourselves in extra capacity and creation of jobs has to be a mere formality... surely?
Obviously the hub news has been delayed, but I believe it has been approved for all intents and purposes, should be a nice boost
Yep like I say corporate update but it will contain details in trading conditions would be my guess along with any updates with regard to Warrington new hub and decisions of how the company will be structured going forward. After the new appointment I dint think we are going to have to wait very long!
Cheers Mark. I know there's been some talk about whether ESL are obliged to issue trading updates with the new structure. Even if they're not obliged and there's positive trading news to tell (which surely there will be), why wouldn't they? Like most on here just trying to get my head around it.
No that’s fine Stims it’s just there has been a lot of confusion with posters I was just checking! the trading group (greenwhitestar) may or in fact almost certainly will give some details in any ESL corporate update.
Some good posts again today, cheers guys
Wasn't referring to the Stobart Group.
24th March RNS
Eddie Stobart statement regarding Coronavirus (COVID-19)
Esl is invested in greenwhitestar so it would be a return on investment by whatever means they do it.
My understanding is that ' Eddie Stobart' may issue a trading update for the whole group, including ESL, - Not if you are referring to the Stobart group the only links between The Stobart group and ESL are A. They lease the stobart name from The Stobart group and B. The Stobart group hold 11% of ESL shares. The “group” that gets referred to is greenwhitestar which as a group hold Eddie Stobart groups trading activities and subsideries (TPN, Speedyfreight etc etc )
My understanding is that ' Eddie Stobart' may issue a trading update for the whole group, including ESL, that would appear here via RNS. I would think ESL will still issue an individual trading update as and when it's required as they are still a PLC regardless of the ownership structure. The recent Directorate update was from Eddie Stobart Logistics rather than being a parroted update from 'The Group' like the previous Covid 19 update.
"They own 49% so 49% of profits or losses will filter through"
Surely they will only filter up through dividends, what other mechanism is there. It's not esl trading. The value of their shareholding will subjectively increase in the holding company as it performs but as the trading co is not listed we won't know a running market value?
If (as we rightly suspect) they have been going great guns working their socks off winning new contracts renewing old ones costs kept down etc etc recovery to near that point isn’t unreasonable.
Also something no one has considered (and I didn’t until Friday) the lack of traffic on the roads at the moment is also aiding on the fuel cost saving as well as the drop in fuel cost at the pump, example: I took a loaded artic from London to Cardiff and back on Friday usually I woul spend a lot of time sat in traffic getting in and out of London and I would use 110 litres on that run. No traffic in and out of London with ease resulting in 79 litres used!
I would have though near to dbays average (32p).
What's enough of SP recovery
My suspicion is that if there is enough of a recovery in the SP there may be a rights issue at some point in the future if the plan going forward is to continue to hold greenwhitestar as an investment. That would very much depend on there being a decent enough recovery and appetite for it but having said that I still think there will be an offer and I’m leaning more towards The Stobart group taking control back of the whole logistics side.
This is a buy and hold for me between here and 25/30p after that point I really don’t know where we will go. After that point it all depends on what dbay decide going forward.
You won’t get a specific trading statement but you will get a corporate update with details relating to greenwhitestars performance and trading.
They own 49% so 49% of profits or losses will filter through. The Eddie Stobart name is leased from The Stobart group not from Esl. Like we said before esl own 49% of greenwhitestar so your investment is roughly half of the pre deal pre suspension company that dropped from above 100p to 70p at point of suspension. (34p ish) Dbay obviously agree with my maths given that they are now on an average of 32p.
I presume as the trading company is not listed, we will only ever get sporadic trading statements if any at all, and likely no regular updates, or does anyone think differently, I am just speculating.