London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The statement they sent out was dated 1st December just after the £100m was obtained from the Biomass sale. This section of the statement refers to Southend Airport. Since then new routes and airlines have been obtained :-
Completion of the Disposal follows satisfaction of the Cash Sweep Condition on 30 November 2023.
Following completion of the Disposal, Esken has also repaid the full monies borrowed under the Facilities Agreement and associated costs.
As detailed in the Group's interim results published on 29 November, Esken is making good progress in respect of addressing the maturity and terms of the Exchangeable Bond and towards the sale of its non-core assets. As such, Esken is continuing to progress the process to seek a new owner for LSA, with a view to crystallising shareholder value through securing the right long-term partner, who both recognises the inherent strategic opportunity and is best placed to support future growth.
SC - I think we all read what Esken say but can also read between the lines too. Of course they have to put a positive spin into these statements but the reality is they are backs against the wall and the longer term future of Esken, Southend Airport and the share holders is largely out of their hands.
The little bits of new business going to Southend Airport are encouraging but in reality it's a million miles short of what would be required for Esken to pull out of the nose dive. Might help the airports future going forward but probably at the expense of the existing Esken share holders.
I think it’s shot-the backdrop is pretty unpleasant and this company has few friends after the value destruction.
Left with two out of sorts airports-Carlisle is a local joke and Southend is looking like a white elephant born 2( years too early
Will it hit zero before ukog?
Does the increase allow them to have people on the board?
That TR1 has changed the landscape completely....you had 3 funds reducing, RG taking some up......looked like priced to bust
But largest holder has taken some just below takeover threshold, there must be life somewhere...?
Let's have the 7p sale and call it quits ;)
All IMO
2 million buy
Read somewhere that LSA was valued at 410 a few years ago (maybe higher now due to LHR deal), 250m ish debt...?
Still 16p+ of equity if they manage anything.....?
Great RR considering TOSCA have increased
All IMO
100% you mean.....? where'd the 20% come from
There was a 700m valuation pre covid
Sorry - ignore me thought you were referring to LSA, my bad
All those small trades to manipulate give me a good feeling, that if someone / some entity is going to that extreme level then there is a big prize at the end of this. BUY