Sharing from ADVFN20 Mar 2020 09:59
ESL
Said to be making £3m plus’s a day and 50,000 delivery's a week.
Christmas volume trading atleat another 12weeks I would say a lot longer.
Europe borders closed apart from logistics.
Boris mentioned on news Eddie Stobart keeping shelves full.
Massive contracts Tesco, amazon etc
Given 4th emergency sector status do kids of drivers etc can go to school.
Relaxing of driver and delivery rules.
Lower oil price in turn fuel and overheads.
Hiring over 60 Drivers days and nights.
Massive Warrington depot approved going through final stage expected March said can afford it.
DBay in with 27% at 32p average, they want profit.
European hauliers want a piece of uk.
TPN who ESL own bought for £50m had increase of 300% made over £80m in eight month, 5 new customers to add to the over a hundred made this year who will be very busy aswell.
Speedyfreight 47% will be just as busy.
Logistics people will be just as busy.
Trading at near a £1 before suspended.
£70m cash to fall back on.
New BOD and backers.
Sellers invesco had 13m shares left on 11th.
Tinkler & axa had 13m each left on 26th feb if they are selling the rest.
TR1s due, RNS on trading, RNS on Warrington
45p sp is only £170mcap traded a lot higher than that and TPN worth more than half of that alone.
A lot of positives here to buy and hold coronavirus has been a major life line !!