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@Jarv55 - I Have explained this to about 4 posters on ESL so far - the brand is owned by STOB ie the Stobart Group and not by ESL ! They are separate companies and I am sure you know all this so not sure why you are saying that ESL own the brand when they don't ?!
Gerry65 already explained this in the last hour and kindly posted a link which I enclose
https://www.morningstar.co.uk/uk/news/AN_1519630617908592900/press-eddie-stobart-mulls-fleet-rebranding-over-cost-of-name-rights.aspx
And of course that article and those words wouldn't of aided a price fall would it? That the market could take advantage of thus allowing someone to make a cheeky cheap bid.
I think with the news flow due you are nuts shorting this.
New manager coming in who will it be?
Tr1s due to say sellers are out. Brakes will come off.
New Pallets business worth 44 million?
New Contracts
New strategic review coming so many ways they can cut costs and get back to profitabilty. They just need a hatchet man.
And Dbay are in at an average of 32p are they going to be buying more shares?
How much are the assets worth Fleet of trucks, distibution centres?
How much is the Brand worth?
Liesearcher do esl have revenue of over €1billion?
Liesearcher do esl have assets worth over 400 mill ?
Liesearcher do esl have 70 mill cash?
@Jarv55 - yes and in the interview last week he explained that their decision in November was based around the discovery that there was an immediate liquidity issues ie that they would have to pump cash in immediately if they bought ESL out
That article was the 13th November it says a rival 55million offer came in Wincanton pulled out on the 25th Nov they were beaten to the post.
Have you ever played poker you don't show your hand now think about it.
@Bladderman - well my short is in profit still so I will keep it open I think as nothing has changed
I'd close your short because momentum kicking in for a strong finish..
@Jarv55 - your link was from November 2019 - I was referencing the James Wroath interview from last week
bid at 13.05
boom coming
Wincanton didnt have time to do full dd you are chatting rubbish Dbay got in their first.
https://www.cityam.com/wincanton-raises-dividend-as-it-mulls-eddie-stobart-bid/
top up if you can !
Why are you here yournon shorting your not holding whybare youbwasting your day? Nothing better to do?
back testing the trendline...
healthy
https://twitter.com/riz_aiming/status/1234491252239982592?s=20
Truthseeker now reported to admin for posting lies and deliberately disrupting the bb.
Shake going on. Hold.
truth searcher - wtf are you still doing here - you were posting at 1am too!
get a life man/woman!
Mookster any large company coming in will swallow up and the contracts and absolutely need to retain the current staffing levels especially drivers and warehouse staff in order to service those contracts. No staff equals no deliveries equals no income equals no good. Some efficiency gains could be made by combining part loads and economies of scale.
not just wincanton - so many people who dbay could sell to
what people are missing is that private equity always needs to EXIT to get a return at some point. if dbays averaging 32p then clearly they aint going to let go off this for less than 32p are they
8ma/34ama cross over imminent on the 5min chart
signal bullish
yes obviously some people trying to short this but they've missed the point. the huge 95% knockdown was exacerbated by all this gubbins going on recently. think this is a genuine shorters will get burnt this time
Lots of big companies are unprofitable and have losses. Look at Uber $50Bn Mcap and Uber reported an operating loss of $3 billion in 2018 after losing more than $4 billion the prior year. (The company recorded a net profit last year because of $5 billion worth of one-time gains, mostly from selling its Russian and Southeast Asian businesses.)
Waite clearly doesn't understand how large businesses work.