Member Info for Alansugareatyour

"Alan, re your 3 points:

Dividends
EBITDA multiple
Value of investment(s) = market cap (with any adjustments/discount that the market holds)"

Dividends worry me, wouldn't 51% of any dividends paid go straight to dbay, making this methods to repay any loans ridiculously expensive.

"reflects the inflated revenues ESL is currently generating."

as it currently stands ESL is generating no revenue. What is the mechanism from passing up profits to ESL from the holding company. How will the non listed trading company be valued and how will that be reflected in ESL and find its way to the ESL market cap.

"The seller seems to be out by all accounts"

ehh?

Im holding ad will continue to, but I have heard that sellers are on their last legs a fair few times. Bit of volume today, 4.5m sells i think

well remember this is essentially and investment company that holds a minority stake in a Haulage company. There is a seller or at least selling pressure from parties and PIs and there is a question/questions not yet answered about their future listing and the way they move forward, and also questions with regard to approach to debt.

These all need clarified to hold shares with more confidence.

Let's go optimistic and go for the 32p

I have no clue, lets say 3p no sale, 33p sale

Looks like the group average estimated price has reduced considerable since a few weeks ago

What percentage holding of the trading company do Dbay require to force a sale of the trading company? They have a controlling holding but I have no clue as to the mechanics of such and action.

Has to be an update fairly soon as there is a 6 month clock already running on action that must be taken to maintain their listing.

"Alan - I’d assume you are correct but dint believe the debt will be paid by earnings it will be by a rights issue or sale of part parts or the whole greenwhitestar operation imo"

You will likely be correct mark, more just a comment in line with numerous posts saying this extraordinary trading people will allow them to make inroads into the debt. Not sure it's as easy as that.

Hope everyone is enjoying this unusual Easter.

Repayment of debt. Correct me at any point.

The debt is in ESL, so for this debt to be repaid it will need to be funded for increased trade, or existing trade. But will any bonus repayment due to the covid increased trade not be hampered somewhat by the fact that any dividend moving up will be paid 49% to ESL and 51% to dbay. This will dilute and extra funds available to repay debt?

Thoughts?

Some chunky sells, a 300+100k within seconds of each other.

"am i missing something? its down 7%?"

You are missing something I think, you are probably looking at the last sell, rather than the mid which is influenced by the ridiculous spread.

8.60-8.80

Not the best day I suppose, let's close at 9.1 mid call it a bad day and move on!

Some chunky ish sells going through today.

Well your gut feeling about a blue day ain't going well so far.

Sales going through at 8.76, dropped the bid and ask, might be blue but not looking that way

Taking it down for a but. Let's hop some one somewhere has a positive RNA they want to get in the system for early next week

Far far far far far far to soon