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Share price showing at 6p on Yahoo finance
ESL - DBAY deal voted through -RNS to confirm:
The Board of Directors of Eddie Stobart Logistics plc (AIM: ESL), a leading UK end-to-end supply chain, transport and logistics group is pleased to announce that at the General Meeting of Shareholders held earlier today, a resolution was passed approving a Proposed Transaction whereby Marcelos Limited ("Marcelos"), a wholly-owned subsidiary of DouglasBay Capital III Fund LP (the "Fund"), a fund managed by DBAY Advisors Limited ("DBAY"), will acquire a 51% stake in Greenwhitestar Acquisitions Limited, which is currently a wholly-owned Subsidiary of the Company and in turn holds the Company's interests in the trading entities of the Group, and DBAY will agree to (directly or indirectly) inject approximately £55m of new financing into the Group's operations through the Interim PIK Facility and the PIK Facility, which will be used to provide necessary liquidity (the "Proposed Transaction").
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Looks like 110p is a good entry for now ,
Stobart Group (LON:STOB) had its price target hoisted by HSBC from GBX 124 ($1.62) to GBX 129
Hi Volcano - I've been reading up on Man Group following your mention of it a week or so ago. I like shares where there is no stamp duty. I spent a number years holding Old Mutual in my portfolio. I waited on QLT - I didn't buy in on the IPO, as I don't trust the initial valuations. I bought in on the 8th 2018 @ just under 1.31 - not a massive div for that one, its doing ok but i wouldn't say it's locked into my long term holdings. Was thinking of closing it out to add to my election day fund lol. But I'm still holding atm.
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Gerry i have been trading EMG for a very long time same as STOB no stump duty so every penny counts and very good dividend.
Hi TF - that's the nub of it - future revenues, being re invested.
STOB reviewed intangibles, during the interims, and as with all Co's will continue to do so, no doubt when the Yr end to Feb 2020 Finals are reported in the spring, a further assessment will be taken. Maybe at the same time other assets will also be restated, as was the NAV of the Energy division last June more than doubling from £100M to £237M in three years.
I must admit each time you post I have a sneaky, look over on your AAOG bb ( Were you not expecting news on the rig over there by the end of Nov ? ) Is it now to be 2020 Q2 ? Could be a winter of discontent,over there without positive news, 46 posts, from those on either side of the discussion I see today - so far. Don't lose faith - shares often come out of the dog house at the most unexpected times lol.
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Hi Volcano - I too have been in and out of several of those shares that you list at one time and another.
AAL hurts a little for me I bought in on the crash in early 2016, but then bailed at £9.02 on the 16th Aug 2016, with what I felt at the time was a really great deal, smugly took my profit and patted myself on the back only to see AAL continue northwards - regrettably without me lol - hey ho - you live and learn.
I've attached another media report on the plans at Southend :
https://www.braintreeandwithamtimes.co.uk/news/south_essex_news/18074129.southend-airport-hotel-plans-lodged/
The planned upgrades to the runway will allow Southend to take both Boeing 737-800 aircraft and Airbus 321 aircraft - that'll be handy.
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Hi TF - would you accept that cashflow withing the group is improved to the sum of £44m pa now that future divs are to be re invested. ( As I suggested in an earlier post that's circa £132M over the next three years ).
Revenues are increasing in both the Energy and Aviation divisions and there remains further non core asset sale opportunities to come.
Carlisle is not a major part of the overall business, and shouldn't be considered as such. Hopefully it will be run at a profit. The key is Southend Airport, which with the Bio Mass business, is I'd suggest why LTH's are invested here .
Let's wait and watch how things pan out over on ESL, I'd take any forward projections to the value of the security of the bond with a pinch of salt atm. The spring of 2014 is some time away, and who can say where ESL will be in that time frame. As a bondholder I'd be a little disappointed that with no ESL div available my return would be reduced, but that's the way of things.
The STOB bod were either visionary or fortunate, in how it dealt with the the ESL shareholding, from the time of the IPO. Much was sold down and passed on the LTH's with the previous divs. The remainder lodged as security for the £50m bond this spring. In hindsight, lets say they made a number of astute business decisions.
We now await news on planning for the next stage of the 2nd hotel at Southend, and then the car park expansions, and terminal & runway developments.
It's a growth story, some may not like how each chapter in the "STOB growth" book pans out - if that's the case I'd suggest stop reading it and pick up another book. For those that are impressed with how STOB have taken a regional Airport and created such a "jewel" then continue reading lol.
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Hi TF, you are right about Southend airport i like the airport a lot, and look at the job advertising.
London Southend Airport is one of Southend’s major employers, with a dynamic, bustling and thriving working environment. It’s a great place to build a rewarding career; whether you’re just starting out, or looking to move up in the world.
As we grow and develop, you’ll get the chance to grow and develop with us.
We have many career opportunities located within the airport, such as: Air Traffic Control, Fuelling, Car Parking, Security, Ground Maintenance, Fire Fighters, Cleaning, Rail, and Technical Services.
Applications must be submitted with a covering letter, telling us why you feel you are suitable for the role, along with an up to date CV, to the email address listed in the vacancy's Job Description.
Jerry,
I wish i can hold on to a share for long time i would have been a millionaire by now .
Companies i have traded when they were pennies , AAZ,HGM, FXPO, TW, AHT, EVR, KAZ, AAL, NXT, ASOS, BOO, and many more and don't forget TCG lol. Good luck mate.
Hi Volcano - I respect the office but regrettably not the man. But as with all Presidents, and most world leaders, history will judge him at the end of his tenure on his achievements.
I've got circa 20 long term shares, and in truth I rarely trade them, nor worry too much about the rises and dips, I just collect the divs on the way.
Generally i hold around 5 - 10 % of my overall share portfolio, for trades, some have worked out well, in others I've not covered myself in glory lol. But I enjoy the trading aspect - so its more of a hobby I guess.
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Hi Jerry,
He is a democratically elected president and people should respect that. He is not a politician but very good businessman.
You don't become a billionaire if you don't know what you are doing ,i wish i was good at investing.
Making few hundred pounds day trading now and again is good but not good as long term investment.
for example i bought CPI for £1 and sold for 120p but if i stuck with it i would have made 60%.
so long term investment pays off. ps. strong pound keeps the FTSE 100 down mate.
Hi Volcano - good call on your STOB trade today, its one of only a few in my portfolio, that was blue today.
I had a feeling that as we closed in on election day buying opportunities would present themselves. But we've had the added effect of the orange faced one, today. only 10 FTSE shares blue today.
Not much we can do with him but to react to effects of his decisions, tweets, and statements and look to pick up quality shares on the cheap. I'd expect more controversy from him tomorrow. Sure there will be plenty of bargains out there lol.
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this was fun for two pennies , nice.
Now The company has RSI figure of 36.16. RSI compares the magnitude of recent gains to recent losses to see if an asset is oversold or overbought. RSI is plotted on a scale of 0-100. Generally, if it is above 70, the stock is considered overbought and so one can look to sell it. Similarly, an RSI of less than 30 indicates the stock is oversold and can be bought.
RYANAIR NOVEMBER TRAFFIC GROWS 6% TO 11.0m GUESTS
and some of the passengers used South-end airport ,nice.
I see that the plans for the 1st stage of the new proposed hotel at Southend Airport ( 132 rooms ) have now been submitted to Southend Council. Over the 3 stages, plans are to increase to a total of 400 rooms. STOB now wish to build on the success of the existing hotel at the airport, in line with their expansion plans.
TF - you seem overly concerned around the sitn over on ESL, and your links to future funding / refinancing. The STOB bod seem less so, as the expansion conitinues at a pace ! I agree pi's over on ESL who bought on the IPO must be wondering what happened. But fortunately, STOB quickly sold down much of this non core asset, then utilised the remaining ESL shareholding to secure the £50m bond raise. The Bod has also stated the actual position in relation to the bond raise in the interims RNS, which I previously reminded you.
Now that STOB is to re invest the divs, the co.will create a net potential positive cashflow of circa £132m over the next 3 years. In addition the remaining non core assets, ( £80m ) can now to sold off in timely fashion.
In addition The Energy Division NAV has been independently revalued at £237m this June 2019 , up from £100m as at June 2016. An impressive performance, with which i'd suggest most would agree.
What NAV could be placed on the airport, in 3 years time is open to question. May I venture to suggest that the answer to that question is what keeps many so very interested in the STOB growth story.
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Battle for Eddie Stobart: Former brothers-in-law clash over rescue of haulage firm
By LUCY WHITE FOR THE DAILY MAIL
PUBLISHED: 21:58, 2 December 2019 | UPDATED: 21:58, 2 December 2019
as i have promised in at 110p
nearly there maybe tomorrow
i will buy back in if it drops to 110p
Eddie Stobart Logistics Says Only DBAY Proposal Has Lender Support
Fri, 29th Nov 2019 18:48Alliance News
(Alliance News) - Eddie Stobart Logistics PLC on Friday said it is still recommending the DBAY Advisors GBP55 million proposal despite Thursday's comments from TVFB.
TVFB, which is controlled by former boss Andrew Tinkler, proposed an up to GBP70 million equity raise for the haulage firm instead of the DBAY proposal on Tuesday.
Then, on Thursday, TVFB said the response from investors has exceeded its expectations and the proposed fundraise already exceeded GBP70 million. TVFB also said most shareholders it has spoken to planned to reject the DBAY proposal.
The DBAY deal, which is still favoured by Eddie Stobart Logistics, would see DBAY take a 51% stake in the firm holding Eddie Stobart's assets
Eddie Stobart on Friday said that if a general meeting vote is not successful its will face an "imminent liquidity shortfall" as well as the imminent expiry of its waiver from lender relating to breaches of its credit facility, the waiver being contingent on the DBAY deal.
According to Eddie Stobart Logistics, its lenders have supported the deal and agreed to provide financing arrangements for the DBAY proposal to proceed, but will not provide any more funding if it falls through, meaning the only proposal with lender consent is that of DBAY.
"The board continues to recommend that shareholders vote in favour of the DBAY proposal at the general meeting on 6 December 2019. This proposal is the only concrete offer to date which has the support of the lenders and secures the long-term future of the company," said Eddie Stobart Logistics.
On Thursday, funds managed by DBA held a 27% stake in Eddie Stobart Logistics as of a Thursday deal, up from 10% previously.
Shares in Eddie Stobart Logistics were suspended on Friday and have been since August.
By Anna Farley; annafarley@alliancenews.com
Copyright 2019 Alliance News Limited. All Rights Reserved.
The 62m ESL share transaction at 6p has raised lots of speculation over on the ESL adfvn chat board.
Matters are moving towards a conclusion. Interesting times.
Morning Volcano - made the decision to close out my DOM holding this morning after a nice run up in the last few months, and switched the funds to add to my BP holding. Watch the oil price fall further and the $ weaken against the £. Whilst everyone orders in pizzas lol.
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