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Volcano - cheers mate will take a look at em
G
Gerry ,
CMCX and KAPE for next few days
I was abroad for three weeks and now i am self isolating for two weeks and my wife's duties are increased she has to buy the drinks . lol.
Sorry for mis type, am on tiny phone in gym car park
G
Hi Volcano - ghiw are you, hope you had a great break did you venture abroad or enjoy the uk.
Think the interim figures will include Energy Dividion figures for Sept and Oct. Which will be useful.
Am off to the gym - will look in later.
G
Hi Gerry ,
I have been on a holiday for few week and got back home this week and has been the best week so far .Picked up some cheep trades monday morning and this morning and i have just closed the lot.
About STOB i was expecting little bit clear guidance for the future that is way i said it was poor update.
Truth - if STOB can lose its stake in Stobart Air, then that will be a massive shot in the arm. Think you said a little while ago "sell it for a pound"
If the group can move forward with the airports and the Energy Division without Stobart Air then that should be a game changer.
In those circumstances Imo the group may not need to monetise the Energy Division. Which if it gets back to pre covid delivery can produce strong revenue streams.
Looks like we'll be "shooting the breeze" here for a long long time to come.
Are you tuning in Tomorrow ?
G
Got no idea where the so will go in the short term.
It's up to each individual to decide whether it's a buy hold or sell.
This RNS a poke in the eye to those nervous Nellie's who decided not to trust the June rns and stoked rumours of cash problems.
Predicting the future and how the world will control of manage the virus is above my pay grade. What is clear is that STOB has its access to funds and will be around for many months and years. The only way STOB is going to disappear is when it chooses a new trading name lol.
G
Volcano - I'd like to see the sale of the group's stake in Stobart Air, perhaps the BOD will be pressed on that during the presentation tomorrow.
Looking at the Energy Division see they reduced gate fees to ensure supply to customers during the winter period. It pretty much looks to me that it will return to normal tonnage delivery and monthly revenues by the turn of the year.
Turning to the Airport the June rns provides the cash burn the Southend based on nil passenger flights.
Within the Aviation Division it is a case of controlling costs to maintain cash burn withing budgeted expectations, until the sector can overcome the challenges of the virus.
In the meantime, the group needs to drive back up the Energy Sector revenues.
When the half year report comes out in November,I would hope that additional info on the Energy Division performance for Sept and Oct could be included. Have mentioned this a few times.
Yes the half year figures with both divisions effectively closed down won't read well, in truth I what else could we expect. I'm looking for info moving forward.
STOB has again confirmed it has access to funds - Have to hope planes are flying again by April 2921.
G
Volcano - did you expect a good trading update?? I agree with Gerry in that I thought they may have burnt though more cash, but no they've still plenty in the pot along with the undrawn banking facilities.
Hmmm I wonder how much the government is paying to use Carlisle Airport as a central Covid testing station - look after the pennies and the £ will look after themselves and all that.
GL SR
Hi Volcano - it is for the period March - Aug 2020 where both the airport was pretty much shut and the supply of wood to the Energy Division was limited by the virus lockdown.
I was pleased that STOB reaffirms the trading expectations of the June the.
It also confirmed they had £119 M of cash and undrawn banking facilities as at the half year end - 31/08/20. That even more than I calculated, and should dispell those with the view that STOB does not have access to funds to work it's way through the short to medium term effects of the virus. It absolutely does, and I'll continue to call out those that suggest this is not the case. It's confirm yet again in black and white.
I can't recall how many times I've reminded people to read the early June the it's breaks down everything moving forward and three months on this latest the confirms the position.
G
very poor trading update.
Moni / 2reincarnated - no prediction from me, apart from the likelihood that the sp will close at a different level tomorrow than it closed this afternoon.
Another very light day trading wise.
Guess you are signed up and ready for the live investor presentation via the Investor Meet Company (IMC) platform on 2nd October 2020 at 14:00.
G
Taylor Woodrow 4p to 35p. Corus 4p to 60p. Debenhams 20p to £1.20 then bust. Thomas Cook 10p to £1.60 then bust.
I say that because we are due something like this been a while.
T
I'll go with the 4p prediction first....Gerry will go with the 40p .lol
we are due one of these events