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Presumably companies like ESL will hedge their fuel to protect against volatility, so whilst a fall in oil prices will be good it may not have as much impact as you'd think... not a de-remap, the same would apply for a spike in oil prices
Good day on a bad day for the markets. Probably means it's a good time to accumulate and get the double whammy benefit of the general market bounce when it comes. GLA.
Oil will continue to fall under $50 unless OPEC make some serious cuts to output. This will give us 10-15% lower fuel prices on the qtr. Diesel at £1.12-£1.15 on the pumps in the next couple of week.
Lower diesel costs....hmm, no need to say much more than that!
Lower fuel prices and better profit margins
Oil dropping makes this a lot more profitable
Question, how will oil price dropping below $50 dollars affect Eddie Stobart?
Shareprice increased after £404k 5.3M shares sell this morning at 08.53.
Seller out.!
Agreed. Now moving freely...
Nice and easy, don't want spikes. We all know this is way undervalued.
Looks good for Monday as the saying goes, you wouldn't want to be out of this one over the weekend. Usually these lines are ramps but no ramp required here. Watch the story unfold and read the RNS of 26 Feb by the Stobart Group.
26 February 2020
STOBART GROUP LIMITED
('Stobart Group' or 'the Company')
Clarification of position relating to Eddie Stobart Logistics plc
Stobart Group notes the announcement of Eddie Stobart Logistics plc's half year results today, 26 February 2020, and welcomes its return to trading on the AIM market of the London Stock Exchange.
Stobart Group is an 11.8% shareholder in Eddie Stobart Logistics plc and continues to retain ownership of the Eddie Stobart brand. That brand continues to be valuable and Stobart Group believes it will play an important role in the long-term future of Eddie Stobart Logistics.
The terms of Stobart Group's Exchangeable Bond, issued in May 2019, have not been impacted by the recent change of ownership. The Exchangeable Bond is guaranteed by Stobart Group and on aggregate is exchangeable into 11.8% of the currently issued ordinary shares of Eddie Stobart Logistics plc. The Exchangeable Bond does not fall due for repayment until 8 May 2024.
Enquiries:
Stobart Group Limited C/o Newgate Communications
Charlie Geller, Communications Director
Newgate Communications +44 203 757 6880
Giles Croot stobart@newgatecomms.com
Ian Silvera
Megan Kovach
Flippin' British Icon mate...since I was a kid, watching these trucks on the roads!
sellers look done. then 20p imo
Huge British brand