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Not too much longer to wait given the 4th March deadline.
I imagine we’ll get the RNS Monday morning - let’s hope there is some positive stance there
Yes I have seen the range of the share price being altered on the day to keep the price suppressed and I wonder if there is therefore a shortage of shares actually being sold and so dealers are trying to get more to sell to buyers where they hace a shortage of their own stock. Some will then panic on an indicative lower day price and sell. I see this as a time to buy! I cannot see the past big boys who have backed this share allowing their own share ownership be watered down by Carlyle Group, and so we might be getting something positive soon. GLA/DYOR.
Nothing else for it another £250 top up living in hope gla
Nearly all buys today and its down 14% cannot make head nor tail of this share!!!!!!!!!!!!!!
Maybe Toscafund are going to step in as they already own close on 28% whereas Cyrus who are supporting Carlyle group only hold 5%. I have a feeling some of the other big players will also not want to see their existing share of the company diminish either. I have still have a feeling Carlyle might be paid off and the weight of their pressure is then gone! It would be good to have an update very soon to keep shareholders informed of what is happening.
Surely they’ve now had ample time to make a decision on the deal…!
Esken also said their lawyers feel they have a very robust position as far as the convertible loan terms are concerned. Well perhaps they can keep shareholders advised of how this advice is going considering they have issued a direction they feel we should take. It looks to me as if Shareholders have had previously in defence statements a lot to look forward to. However would like to be kept updated.
To be honest I do not blame Southend Airport talking with Carlyle at all as this will bring about a positive outcome for a take over of the Airport and a longer term future for prosperity and growth. The main Jewel in the crown is Southend Airport as opposed to Carlisle Airport that Esken also own. We have seen Esken Management sell the Bio-Mass side of the Company and then invest a large amount back into the Esken Management own pension scheme. Perhaps a Judge will look at this as well as the prime Jewel actually having sympathy for existing Shareholders who feel to be honest any new deal has to be fair to existing shareholders who own an asset that has been cast to one side. A judge might also feel that the Esken Management have already had their share. Who knows but one thing is for sure if any good news comes out this share price will rocket from where it is currently. GLA. as we should get some more news very soon but any offer from Carlyle has to be reasonable and fair to satisfy the courts, same goes for Esken who should be putting shareholders first! If not I can see other events taking place later from disgruntled Shareholders who can come out with more if a Court looks at the whole picture? DYOR.
Im invested so would love to see some positive outcome here.
HOWEVER, it seems that a number of commentators are assuming the interests of Southend’s management team are fully aligned with Esken. The latest RNS shows that they are not as Southend is speaking directly with Carlyle to find a solution, even if that is at the detriment to Esken.
Esken is being squeezed out for bargain prices so my main concern is that even if the long term success of the airport is realised (which I think is reasonable), it is unlikely that Esken, and therefore us shareholders, will see any of that benefit.
Rumours abound in local press that Ryan Air may make a return to Southend Airport and they will serve flights to Italy as they had done before? Time will tell. We should hear some more news very soon I am sure. However I am starting to feel shareholders can benefit who manages the airport as the CEO of Southend appears to be very confident.
Yes but following the article on Southend Airport in the Southend Echo they have said this :-
But the airport has also hinted at additional "exciting" route announcements "very soon".
The announcement comes as the airport looks to a "thriving" future following its decision to enter into a recapitalisation agreement with Carlyle Group and Cyrus Capital Partners.
This move enables London Southend to "close the chapter" with its current owner, Esken, paving the way for future growth and investment.
Even when a purchase order goes through you will see above at 4.17 this was actually a buy. The market indicator is obviously confused with the volatility, but the Uncrossed trade has indicated the current price with a late trade adding to the purchase orders.
John Upton's comments have helped where he thinks the Carlyle approach is actually good for the airport to give some long term security, and even if Eskens share is less or at 50% then it will still benefit shareholders in a fair world I suppose at todays low,low price, for such a potential future asset. DYOR,GLA.
Can someone please explain bid 0.19 ask 0.236 and share price is 0.25 ???????????????????? I am new to this and got stupidly sucked in here its the same everyday?
For Info
London Southend Airport has today announced a new partnership with Italian airline, Aeroitalia and the addition of a new route to Italy with more routes to follow.
From Monday, March 25, 2024, London Southend will offer six-times weekly Aeroitalia flights to Milan Bergamo, with tickets starting from €79.99 one-way.
Just been into my broker a/c and can see some interesting things going on here. Sharecast have issue a summary of goings on where John Upton the CEO of Southend Airport has actually said the proposal is a good thing for the Airport, and my own broker is quoting that M&G are one of the holders of shares now in Esken which I did not know. Now they are no mugs, whilst Tosca fund have been building a larger stake. Interesting perhaps the events are becoming more positive even if Esken own 50% it might mean with expansion this share price will still benefit.
Slift -yes Carlyle see an opportunity but Esken tell us this is a proposal shame they could not come up trumps with an alternative, however all is not lost as we have some very big players on board who will not want to lose their share or control.
However I can see both sides and if Carlyle do succeed shareholders here in time might in fact benefit as they also control a major N.Y. Airport and one could see a link between the two which might be a master stroke, taking over capacity away from the likes of Gatwick and Heathrow.
I finding this interesting and will wait until this thing plays out and we should see more announcements and hopeful alternatives very soon to consider.
I did warn all the newbies yesterday not to get caught in spikes when pumpers and traders are pumping to exit for small profits.
Supercharger,
Yes overtime, it will be profitable.
However currently, it's a cash burn.
That's why Carlyle and Cyrus have suggested a D4E. They are injecting £32m into the airport for OVER 70% of the business and reducing Esken stake to less than 30%.
Actual figures have yet to be released by the company, so there is hope. But very little.
Interesting final 50 minutes and then potential RNS ??????
Ooop it looks like you’ve sold too early lol…going to be a hard watch now!
And spread has widened too.
All the signs of the dump boys.
Last one from me.
What profits you talking about fella lol…you look at the chart by any chance!
Hope people don’t get spiked, well done who made profits, profits are only profits till banked
Hope people don’t get spiked, well done who made profits, profits are only profits till banked