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We will be getting free cotton maybe!

https://www.marketscreener.com/SHANDONG-RUYI-WOOLEN-GARM-6500038/news/Shandong-Ruyi-Woolen-Garment-Ruyi-s-Cubbie-Station-Is-About-to-Receive-a-Bumper-Cotton-Harvest-30114074/

Just trying to understand what went on. Anyway revised short term target 15 to 20p.

I forgot dbay are on the board also.

Ok no more debate from me
Im aiming for 15 to 20p let's see.

You can put a value on the listed part of the business but that's not the whole business. you can't cherry pick. You can't say half if tpn is accounted for in the listed market cap for example.

So half of eddie stobart is listed,half is now private. Valuation problems for sure. More likely to value on the sum of the parts.

I don't think dbay advisors would dump as they would have done it by now. Although maybe they have and it's another late TR1 cuz where they getting money from for Saatchi takeover talks.

Hedge funds and private equity firms have been circling M&C Saatchi as the embattled advertising agency continues to suffer in the wake of an accounting scandal and the departure of a clutch of directors, including its co-founder.

Sources said that hedge fund Dbay Advisors, the biggest shareholder in haulier Eddie Stobart, and Exponent, the private equity owner of magazine publisher Dennis, are among the funds to have explored buying a stake in the advertising group. The goal would be to install new management and stabilise the agency

Dbay advisors own 27% of esl

Looks like dbay got money to rescue Saatchi where did dbay get the money from?

Half a billion to esl. Lockesboy. Do you not get it. This isnt 100% of eddie stobart

You can't compare the pre suspension price. That was 100% of the business.

Dbay hasn't sold any yet apparently

Dbay can sell their esl shares on the market. Makes no difference to them.theyve already hived away 51% of the trading business to themselves. They've mugged shareholders basically in return for keeping part of the company going. Really that group structure reveals a lot

Of course Its not worth more. Its half the business. It's like dbay have wiped away half the company. The chat on this bb has been total crud ignoring this point. A mcap of 50mill.is probably the top end. Which is where it reached. This is purely a mechanical play now based on sellers out.

Yeah but everyone on here is bananas cuz you keep valuing the full business when esl wont even get the value of the full business

No I did originally think all that and I bagged from 5p and exited. I then got back in at 14p. Then I've done a huge average down at 9p. Got 10.5p average now

Esl only owns 49% of what was the old trading business.

About the group structure.

What percentage of DSL Does dbay own?

What percentage of topco does dbay own

Esl only owns 49% of what was the legacy trading business

They'll need a good return to exit. So having them as a large holder should cause upwards pressure on the share price.

So ultimately this is still very undervalued compared with peers. Bibby Line Group is a diverse, £800 million global business, operating in 16 countries, employing 4,000 people in sectors including retail, financial services, distribution, marine and infrastructure.

One of the UK’s oldest family owned business, we have over 200 years’ experience of providing personal, responsive and ?exible customer solutions.

Bibby Line Group and our companies work alongside our communities to minimise our environmental impact, while creating safe places for our people to work and develop.