Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Always enjoy the debate on here. The person who has routinely called this right over time is Moniman.
Hi Kong - well if my memory serves me right when I was taking as many day trades as possible Moni pitched in with a call for 5p.
That was before this latest round of confetti and even before the previous round of confetti last summer.
I calculated the Mcap at the time based on his view, and you and I could have probably clubbed to together and took it private at that figure lol
Sadly Moni never took a trade here either to my knowledge, that was where the money was. In and out and get you profits .
My view remains that I like both projects, though I suspect ESKN are under capitalised to see through the Airports development. Can see them selling the Energy Division, to plough more into the Airport if they have enough time, and cash ( allowing for the Airline liabilities and the Bond ). But I suspect both asset are likely not to be in ESKN's hands within 2 - 3years.
Great for trading though. May many planes fly from Southend for many years to come - sometime in the future.
Never a dull moment here.
Gla
G
Ah Gerry
That wasn’t a slight at you, I appreciate your views too - just a view that moni was generally on the ‘moni’ when it came to overall direction of travel
Hi Kong - no probs mate, the truth of the matter was that Moni was anti STOB for a reason, he generally popped on when the sp was down, and that often seemed to me to be a good buying signal.
In truth when things were rolling along and the 3 original divisions were all trading. This one had pretty much 5 - 10 % daily / weekly swings and was great to trade.
The last 16 months have been grim, though. I know you've been here for some time, and you'll recall Birddog and I dissecting, the Airport accounts. They need some digging out and come on PFD's. For those believing there will be a quick turn round here check out the 2018 - 2019 and 2019- 2020, Airport accounts, they are a bit meaty but removing on off items you'll be able to access the passenger number required for break even. ( the logistics income will help to some extent ).
Day trading here once things settle down should possibly be undertaken with one's eyes wide open.
Got to love it here - one of my favourite bb's
gla
G
Gerry is definitely the king of ESKN chat! Commentary over opinion. Pretty much every RNS and statement from ESKN has a million words - They are very skilled at camouflaging the reality with sugar coating. The actual reality of course lies in the published results and not so much the words that surround them. There is only one direction of travel for this stock. The only thing of value is Southend airport, and even that is hugely over valued. Carlyle essentially paid £100m for 30%. When the next inevitable requirement for cash comes I'm sure Carlyle will once again come to the rescue. The only difference will be that the next 30% they acquire will be at significantly less than £100m. Maybe half that. The security value lies in the prime location real estate. I'm afraid that the mismanagement of Southend Airport over the past decade and the amount of debt it has accrued probably spells the end of it ultimately. I truly hope I'm wrong but I can't imagine it will ever be able to trade out of the mess ESKN has put it in.
Hi Birddog, got to agree Carlyle have positioned themselves perfectly. Sit on the sidelines with their "ring fenced" 30% stake.
Wait for the latest funding monies to be fully utilised.
Then pounce, picking up the control of the airport for a song. You could see a scenario where it would play into Carlyle's hands, if air travel struggled for another Summer season.
If not then ESKN will continue to fund the Airport's development, probably through the sale of non core assets or the Energy Division, creating value for Carlyle's initial 30% stake.
It all looks good for Carlyle whatever way it plays out over the next 12 - 18 months.
What is TOSCA's strategy here ?
G