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Hi Truth - must be good weather up North, it's been lashing down all day down here, truely not biking weather for a Southern lad lol.
Yep you can watch a re run the whole presentation and the Q & A session on - https://www.investormeetcompany.com. if you have signed up. It still there as I type.
WB made one statement, that surprised me by saying the Railway station at Southend is the only one in the Country actually owned by the Airport Operator, ( sure I heard that right ), which I wasn't aware of.
Lots of soundbites as you'd expect :
The World and Aviation will recover, to WB the downside risk is priced into the SP, but he would say that.
Confirmed they still value non core assets at £40M - but there seems no real urgency to divest, suggested over a three year period when opportunities present themselves.
You're going to have to park anythoughts on a quick sale of the Energy Division, it's still the plan to monetize it in a time frame of 14 - 20 months, which suggests they expect to get a full Years trading / revenues in for 2021 / 2022, before a sale. ( they mentioned the independent valuation @ in excess of £210M which I guess is their ball park valuation.
Next step is the interims ( Mar - Aug 2020 - should read pants ) then the exit of Stobart Air, expected in the next 5 months, imo that should move the sp north ( though that's only my glass half full view ).
WB stated that in his opinion, low cost carriers and short haul holiday travel to the usual destinations will recover quickly, and that when planes get back in the air he sees pressure on London slots, during peak periods.
We'll deffo be "shooting the breeze" here for a long time to come. They confirm they are managing Liquidity carefully, and are progressing the plan as laid out in the June 2020 rns.
Where the sp will trade - got no idea lol
G
Hi Truth - did you tune in to the webinar presentation.
WB seems very confident that the Group will divest Stobart Air by the Financial Year. End - Feb 2021. He actually said he'd be very disappointed if they had not exited it by Feb, and it was the BOD's main short term focus.
All positive on the Energy Division - they reinforced the high cost barriers to entry, interesting that they advise they have a third more wood stock than this time last year, so looks like no issues on the supply contracts.
They remain very optimistic as regards Southend, whilst acknowledging global issues from the virus. Looking for a re set by April 2021. Not sure why they dodge confirming it's Amazon, always refering to the Global logistics partnership,though they did state that Southend was the "best performing base" in the UK. Not sure how to independently verify that statement, though they did mention the close link to the Tilbury distribution centre.
G
Volcano - cheers mate will take a look at em
G
Gerry ,
CMCX and KAPE for next few days
I was abroad for three weeks and now i am self isolating for two weeks and my wife's duties are increased she has to buy the drinks . lol.
Sorry for mis type, am on tiny phone in gym car park
G
Hi Volcano - ghiw are you, hope you had a great break did you venture abroad or enjoy the uk.
Think the interim figures will include Energy Dividion figures for Sept and Oct. Which will be useful.
Am off to the gym - will look in later.
G
Hi Gerry ,
I have been on a holiday for few week and got back home this week and has been the best week so far .Picked up some cheep trades monday morning and this morning and i have just closed the lot.
About STOB i was expecting little bit clear guidance for the future that is way i said it was poor update.
Truth - if STOB can lose its stake in Stobart Air, then that will be a massive shot in the arm. Think you said a little while ago "sell it for a pound"
If the group can move forward with the airports and the Energy Division without Stobart Air then that should be a game changer.
In those circumstances Imo the group may not need to monetise the Energy Division. Which if it gets back to pre covid delivery can produce strong revenue streams.
Looks like we'll be "shooting the breeze" here for a long long time to come.
Are you tuning in Tomorrow ?
G
Got no idea where the so will go in the short term.
It's up to each individual to decide whether it's a buy hold or sell.
This RNS a poke in the eye to those nervous Nellie's who decided not to trust the June rns and stoked rumours of cash problems.
Predicting the future and how the world will control of manage the virus is above my pay grade. What is clear is that STOB has its access to funds and will be around for many months and years. The only way STOB is going to disappear is when it chooses a new trading name lol.
G
Volcano - I'd like to see the sale of the group's stake in Stobart Air, perhaps the BOD will be pressed on that during the presentation tomorrow.
Looking at the Energy Division see they reduced gate fees to ensure supply to customers during the winter period. It pretty much looks to me that it will return to normal tonnage delivery and monthly revenues by the turn of the year.
Turning to the Airport the June rns provides the cash burn the Southend based on nil passenger flights.
Within the Aviation Division it is a case of controlling costs to maintain cash burn withing budgeted expectations, until the sector can overcome the challenges of the virus.
In the meantime, the group needs to drive back up the Energy Sector revenues.
When the half year report comes out in November,I would hope that additional info on the Energy Division performance for Sept and Oct could be included. Have mentioned this a few times.
Yes the half year figures with both divisions effectively closed down won't read well, in truth I what else could we expect. I'm looking for info moving forward.
STOB has again confirmed it has access to funds - Have to hope planes are flying again by April 2921.
G
I am certainly not disappointed with that update in fact its better than I expected...I too was anticipating a much larger cash burn....seems they are holding their own given the circumstances ...
Volcano - did you expect a good trading update?? I agree with Gerry in that I thought they may have burnt though more cash, but no they've still plenty in the pot along with the undrawn banking facilities.
Hmmm I wonder how much the government is paying to use Carlisle Airport as a central Covid testing station - look after the pennies and the £ will look after themselves and all that.
GL SR
Hi Volcano - it is for the period March - Aug 2020 where both the airport was pretty much shut and the supply of wood to the Energy Division was limited by the virus lockdown.
I was pleased that STOB reaffirms the trading expectations of the June the.
It also confirmed they had £119 M of cash and undrawn banking facilities as at the half year end - 31/08/20. That even more than I calculated, and should dispell those with the view that STOB does not have access to funds to work it's way through the short to medium term effects of the virus. It absolutely does, and I'll continue to call out those that suggest this is not the case. It's confirm yet again in black and white.
I can't recall how many times I've reminded people to read the early June the it's breaks down everything moving forward and three months on this latest the confirms the position.
G
very poor trading update.
Moni / 2reincarnated - no prediction from me, apart from the likelihood that the sp will close at a different level tomorrow than it closed this afternoon.
Another very light day trading wise.
Guess you are signed up and ready for the live investor presentation via the Investor Meet Company (IMC) platform on 2nd October 2020 at 14:00.
G
Taylor Woodrow 4p to 35p. Corus 4p to 60p. Debenhams 20p to £1.20 then bust. Thomas Cook 10p to £1.60 then bust.
I say that because we are due something like this been a while.
T
I'll go with the 4p prediction first....Gerry will go with the 40p .lol
we are due one of these events
Something odd going on today with quite a few trades going on buying 20 or 30 shares or even less.
Is this me showing my ignorance or just people not knowing what they're doing?
I'm in for a top up at some point today i reckon
lol Truth, went out for a bike ride yesterday, didn't check my phone for the weather forecast, it looked nice and sunny, then half way round it tipped down, I got drenched, my own fault. Been used to too many hot sunny days of late.
Mine's a Guinness !
Will sign off now - beers with mates tonight.
Enjoy your evening.
G
Truth - My position here has remained constant - it's a share i trade and top slice, collecting "free shares" on the way. I know you know this, as I've mentioned it to you many times in our previous posts, since you joined the fun here in Aug 2019. I don't recommend it as a buy, or a hold or a sell, that's for each PI to decide for themselves.
So like you - no real risk to me holding here. Yes shares I collected north of a £1, are less in value now, but i'm sure you'll appreciate you don't pick up many shares top slicing for 3 - 5% on a trade. I'm sure there are many PI's with much larger holdings than me. ( many if not most under water regrettably ).
However I've been able to collect many more " free shares" since the June placing, mainly due to the lower SP. I've found it much easier to collect shares at these lower levels, as clearly you get more shares on a decent turn if the day trade is a similar size in value terms to past trades.
This one is only a hobby - and I don't place value on my holding. ( whilst accepting of course that it does have value ).
It's one to play with whilst holding a main balanced portfoilio.
Hell mate where's the fun in bb's like ULVR / RB / DGE and the like lol.
I enjoy the debate, and hope you'll agree I don't make SP predictions, I don't suggest low ball buy in targets, I just make trades, on a blue days or where I can see a likely small upturn in the SP - pretty much from any level. I also remind some people who post here, the position as detailed by the BOD through rns. I'll also throw in any relevant media items.
Good to note you'll listen to the Presentation.
Don't get your comment regarding the "availability of debt finance" there was a RNS advising the new updated RCF's at £120M and the clearance of the past O/D,from the placing funds a condition of the raise in June. Hey ho.
G
Truth - you never fail to disappoint,.
We will have - yet again agree to disagree on the benefits of the warehousing development to STOB.
It's an extremely small part of the STOB portfolio, though please don't miss any opportunity to cast a negative spin on our merry little board.
I know for certain you'll never buy in my friend - how could you possibly, hold shares here and comment on this bb. Any positive comment you may then have to make would stick in your throat. lol
gla
G
Love the chat on Carlisle - think you are both finding some common ground, on that one. you make some good points Stockraiser, and though I've not been up to that neck of the woods, I do understand the added benefits that STOB gained from developing the "non Airport" surrounding acres.
It is important as a topic for those living locally, and I know for a some reason, it seems to get your goat a little Truth, and we've had chats about it on here before.
Hope you'll take this in the spirit its intended, but to me living in the South and with no knowledge of your region, I have to say to me it's not going to be key issue to STOB's future prospects, that said I'd suggest it is important to your region, and I wish it the very best, who with a positive outlook wouldn't.
gla
G