Member Info for DaveT1

what are those 2 x 43M trades? Has someone just grabbed 18% of the company? (prices look like buys rather then sells)

Local Morrisons sold out of RedLeg today!

Hello Nick,
ESL as listed here on AIM used to be the Eddie Stobart Logistics trucking company (plus various acquisitions they made)
They were doing well and paid handsome dividends and the share price was over 120p.
A mysterious and unexplained slide in the share price to 70p was eventually revealed to be because of some dodgy accounting by a dodgy accountant (hence the ongoing FCR investigation into the relevant audits).
The shares were suspended pending a check on the accounts.
A new dodgy accountant revealed some slight anomalies and crucially decided that some property leasing details should be accounted for differently.
Bizarrely the company suddenly needed a large chunk of cash to keep operating (they hadn't needed this the week before so you would have to ask the dodgy accountant about it).
Although there was serious interest in helping/buying/merging from other parties, DBay in collusion with the clueless ESL board, managed to steal the company (sorry, lend them some cash).
The share was un-suspended and magically the 70p SP had turned into 6p and our beloved trucking company was now just a cash shell with a 49% interest in Eddie Stobart. (6p not 34p because of the new accounting debt and the Dbay PIK loan)
December 9th is D-day
To be fair, Truth is only telling the truth, it's impossible to tell what the outcome may be or what the prospects are for anyone buying or hoding.. although it's a given that DBay will do well out of it.

At what point do the company have to issue a statement on the share price movement?
Be good to get the news or a bare faced lie about 'we know of no reason'

Interims were great, Finals will be similar if not better.. SP moves up on tiny volume.. hopefully be back over 2p and heading for 3p in the New Year.

The June 2020 accounts show net positive assets of £240m (having accounted for any & all borrowings)
It's impossible to tell these days because despite all the regulations it still depends on the accountant and which magic wand he is waving at the time.

If GIS holds 8% of Inspirit Energy stock does that mean we should benefit from the rise in their stock today?

Revenue up, Profit up, Cash up..
Dividend happily received over the past few years.

Figures double checked.
Revenue = 3.5 billion, Net Debt = 310 million so it's under 10%.. they've always run with debt as many companies do. Year end debt was in the hundreds of millions when they were paying dividends. Of course it would be great to reduce it and hopefully that will happen this coming year with the 100 million of annual savings..

Unlikely to see a company the size of Kier issue RNS for contract wins.. check the Kier website or other periodicals for those details.
Debt less than 10% of revenue. Free cash flow £66M. Yes we will have to wait for 2021 figures to see whether the stress has all been worth it.
Imperial Tobacco can pay divis while carrying bigger debt ratio so all is not lost here at Kier. Everyone must do their own research and make their own mind up.

Nice upbeat RNS today.. will be great if they manage to pay the deferred dividend. Net Tangible Assets + Cash standing at 2 times the Mcap gives me a lot of comfort.

I think it's madness to sell now unless you really need the funds elsewhere (noticed some sells going through). Still under half-price as far as I'm concerned and all the signals are really positive.

I think a toast is in order

Well played Distil!

Yes and it was 150p the year before that paying 5p dividend but we only own 49% of the company now.
Great to see a really positive RNS with expected EBITA more than the Market Cap.

Outlook: Underlying EBITDA in excess of £33m (pre IFRS 16) and reduction in net debt expected for the year to 30 November 2020

Not so bad that creditors are happy to take shares.

Looking good with bonus of divi boosted back up again.

Wow. Looks like we got an excellent deal all round.

Agree this is good value at this price but it is likely we will have to wait for the next financial year to see a real boost in the SP.
FY 2020 will still include a number of one-off costs as the new board finish sweeping the place clean.. which is fine with me if they are still expecting over 100m in efficiency savings in FY 2021 (more than the current m/cap). Those willing to wait a while will be rewarded, and when Kier eventually gets back in the FTSE 250 and starts paying dividends again I'll personally host a Kier party (providing Covid has gone).

The text below is from the smaller print in the RNS... so it is PVG that will be de-listing and it is probably in the best interests of the major shareholders but certainly not in the interest of private investors. So I would probably have to agree with 'absurd' and also 'dodgy'.

For the reasons set out above, the Directors believe the Delisting is in the best interests of the Company and its Shareholders.

Following Delisting, there will no longer be a formal market mechanism enabling Shareholders to trade their Ordinary Shares. While the Ordinary Shares will remain freely transferable, there will be no trading facility in place post Delisting and the Ordinary Shares will be more difficult to sell. It may also be more difficult for Shareholders to determine the market value of their investment in the Company at any given time.

The Company will consider implementing an off-market trading facility post the Acquisition or a relisting of shares on an appropriate index in the future.

Shareholders should seek their own independent advice when assessing the likely impact of the Delisting on them and their shareholding in the Company.

yup, you were right about RG increasing stake. It's a smart move as these shares are still less than half-price (IMHO)

This has dropped as if PVG are delisting.. that's not the case is it??