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Yep, after that bounce jm seeing 1/2m £ in buys, why the SP doesn't reflect that may be playing catchup...dunno
TLW got there money yesterday and start moving today, did you get a trade in ?
I like this headline ,
LIVE MARKETS-"Golden November": the best month ever?
Wed, 11th Nov 2020 10:54Thomson Reuters
* European shares rise, +13% so far in November
* Tech stocks recover, despite Prosus' China woes
* Banks take a break after best run since 2008
* Wall Street futures point to higher open
Welcome to the home for real-time coverage of markets brought to
you by Reuters reporters. You can share your thoughts with us at
markets.research@thomsonreuters.com
Volcano - prob a good time to vacate the CPI bb - I see A Smithy has followed Owls across there to continue their EZJ spat. May be a bit toxic on there for a few days lol.
G
Sold CPI not good as yesterday but still not bad ,looked in to BAE and nearly bought in at 465 at 8 looks like i should have .
Croda international will benefit from COVID 19 vaccine it is one of my long term holding.
I am looking to trade LSE ,HIK and OCDO and trade STOB when i can.
Volcano - that hour between 7 - 8 am over on LSE is time well spent each morning.
My first port of call no matter what, together with checking Overnight markets FTSE futures, and metals / oil futures.
Guess we are fortunate to have the free time each morning for research.
Hoping for a little dip here, to go again. I cashed out yesterday at 28.20p ish.
Am kicking myself for not picking up BAE @ £4.00 & CCH @ £17.80 last week had my finger hovering over the buy button but didn't press. Both buys would have been added to my long term holds. Looks like I've missed the bus on both of them.
G
Same here mate every morning at 7 with a cup of tea and read the RNS on london stock exchange and LSE,
i am keeping eye on CPI it is very volatile ready to hit the sell button and go for a walk.
Gerry, boght back CPI and i hope to do good as yesterday.
Hi Volcano - simply bucket loads of RNS's out today, I read them between 7 - 8 am over on LSE. It's the first time that I can remember that there are over 6 pages worth. Perhaps many Co's feeling this is a good time for an update. Reading the ones from CCH & BAE it looks like I missed the chance to get in at the bottom last week.
TBH you can't be everywhere. Perhaps the FTSE will take a breather today, it'll be interesting to see if the swing into cyclicals will continue.
TF - no noise has been great - we deffo agree on that lol.
Moni - don't be grumpy, hopefully you've made some money somewhere this week - would have been hard not too. Think you did say a while back that you still work, so I accept you probably have less time for research and to react quickly on any given day, I know I wouldn't have been able to day trade before I retired. You did have the chance to buy in sub your original 20p price but declined the offer presented. So you'll have to sit on the sidelines "chuntering" for a while. STOB still has to achieve the Stobart Air sale, so still many twists and turns to come. Every chance of seeing both 20p or 40p before Xmas, no doubt any retrace will see further 5p posts from you lol. Have a great day.
Gla
G
good article about STOB in proactive,
Stobart Group battens down in Southend for air travel recovery
looks like another good day in the markets today,
(Alliance News) - Stock prices in London are seen opening slightly higher on Wednesday as the positive momentum from a successful coronavirus vaccine trial earlier this week continued.
Why would anyone sell? I have been here for sometime bought at a far higher price but have been adding recently not selling - I am well and truly in here now for a lot of profit. I do not care if for a day or three we fall, as I cannot see this share doing anything else but a meteoric rise. I heard sometime ago the govt were considering a free port at Carlisle airport and for the south what a great airport Southend is. Stobart airports have very large areas for storage after Brexit too. This business will not only benefit from the vaccine solution but also post brexit. A great opportunity.
Gerry..you always appear to buy at every dip and always make a profit...what's it like in cloud cuckoo land or is it never never land....give my regards to Peter Pan when you next see him....
Moni - Nearly 2000 trades here today. I did ok on CPI and CINE too, cashed in and grabbed what was on offer.
A great couple of trading days.
G
Moni I got in yesterday - its been double bubble for me her , what a great rise up from just over 19p for me.
Got to me in it to win it., mate.
Did you get any here, be a real waste if you missed it, but to be honest there were opportunities everywhere.
Even better news - LSE chat was down again for most of the day for the second day running, so no background noise lol.
To me it wouldn't be a bad thing if LSE dropped the chat most days.
gla
G
Well well Gerry, I assume you missed today's meteoric rise? The good news for Stob holders is that if worse comes to worse and the piggy bank runs dry, then any new cash call will be closer to 30p than 10p...every cloud has a silver lining it appears.
Gerry , i have been following the housebuilders lately , CRST, TW and PSN this morning.
Volcano - took a "Biden Bounce" trade here this morning, guess I got a bit lucky that the vaccine news, then broke.
Looking at the number of trades - looks like many others took the opportunity presented, well done to all those who got in here sub 20p over the last few weeks.
Am guessing you also had a little nibble here today mate.
looking around many cyclical shares offered up big gains today, not just STOB.
This share has been very kind to me in the past and continues to do so.
"Got to be in it to win it"
GLA
G
birddog816 if you don't know that you shouldn't be invested in STOB
I'm aware of that, just wondered how EasyJet bringing flights back to Southend will help STOB?
@cleverinvester - How would that help STOB?
TF - what a call CHAR. 140% up. Love it. I'm on IQAI. got FDA for 2 products and tho it has gone up a lot, great future. Please read the last 2 RNS. They're basically replacing the need for a liver biopsy. Also with products for kidney and brain. Check them out.
Cleveinvester - just to be clear at the half year - aug end.
STOB had
Cash £10m
Bank debt £11m ( therefore £109m unused headroom on the 2 RCF's which total £120m if fully drawn )
So cash plus unused headroom = £119 m.
The focus in the short term must be on whether the BOD can dump Stobart Air, which in present covid circumstances is a drain on cashflow.
If it does manage the sale, then imv the Energy Division should recover quickly in 2020, I would guess the BOD would wish to see a full years trading here unhampered by covid 19, before looking to sell the Division.
The long term focus is on Stobart Aviation at Southend Airport and Stobart Aviation Services where a solution by way of a vaccine or effective fast track airport testing is required.
Never a dull day here lol.
G
Cleveinvester - The placing raise was necessary as back in May STOB had fully utilised it's previous RCF of £80m.
In simple terms the deal was raise £100m - clear the existing RCF. Then two new RCF's were negotiated at £80m and £40m.
As such the placing money has been applied to debt clearance. The position at Aug end ( half year ) was £10m in cash and excess to £109m of unused RCF's.
STOB will in the short term need to delve into the RCF's as it's cash burn atm is £2m per month ( excluding Stobart Air)
The annual lease guarantee liabilities attached to Stobart Air are a big drag on STOB's cashflow. It needs to divest itself of this business.
If it secures the tender which will be known by Dec end, then this potentially opens the door for the sale of Stobart Air. Imv this is the key play, as it to a very large extent re risks the balance again. STOB had originally managed to dump this business into the Connect deal but unfortunately with the Demise of FLYB the BOD pretty much had no option but to catch this rubber ball.
The short term trading play here is the sale of Stobart Air, if a sale is secured by Feb end then I would expect the sp to track north, and shares picked up in the teens could be traded for a decent profit.
If it fails of achieve it's sale, then the lease payments and monthly costs will gradually eat into the RCF's.
PI's have to decide if STOB is a value play or a value trap. I trade it, top slice and collect free tokens. Just a bit of fun for me here.
G
Hi Birddog - our posts crossed.
Not a bad stab from you on the history of the sale and leaseback that created STOB's present lease guarantor liabilities.
That's why I like chatting to you and TF as there is some research in there behind your views.
The aircraft leases total $15.4 million per annum, I believe the payment is due each Dec, if memory serves, until April 2027 with a break clause in April 2023 if the Aer Lingus franchise is not extended beyond December 2022, on payment of a break fee of $21.2 million plus associated break fee finance costs.
So if the franchise is not extended, would that not be $15.4M Dec 20 / 21 /22 = $46.2M + the break fee of $21.2M -so circa $67.5M. The rns quotes the leases in dollars.
It's sale is key here, if STOB manage to mislay Stobart Air, a drain on the business is removed - would you then not expect a decent uptick on the sp - if it sticks then cashflow could come under pressure, much earlier and may put pressure on the Group to sell off non core assets, more quickly then the BOD would like.
Pleased I lured you into the Luton situation - i've posted this before :
https://www.lutontoday.co.uk/news/politics/councils-ps60m-loan-luton-airport-company-approved-private-executive-committee-2974406
My initial interest in STOB was around the development of Southend Airport. Having flown from Heathrow and Gatwick far more regularly, I did try both Luton and Stansted, but found the overall experience at both dreadful, never again !! I have used Southampton many times in the past, and it was an enjoyable experience. I expect the overall experience at Southend is why it has seen the growth over recent years.
G
I agree