RE: Back above 14p21 Apr 2020 13:32
WHO says the pandemic will get worse. i really hope not and they got it wrong so many times so can't be trusted but i also think the lack of testing and people being allowed to come in from anywhere will keep this virus around for a while. For ESL, this is going to be positive.
Had our gov locked everything down early doors, the damage to the economy would be a lot less imho. It would have also saved a lot of pain and loss. Once again, they will be making a HUGE mistake if they lift the lock down early. They're under pressure as people are bored and want to get out and businesses are suffering but now is time to have a firm stance. Lift early and the impact a few months down the line will be the same as now. For ESL, this is great news. Without corona and oil prices, esl would have been ok. Now, they will have a lot more money to deal with their issues in double quick time.
The next trading update will be really good i think. We know that as they told us they are as busy as Christmas period at this present time and if WHO and some experts are right, ESL will be busy for a long time to come.
Further more, price of oil is massively down. Again, this works perfectly for ESL.
Debt is something a lot of AIM companies have and ESL will reduce and clear it. DBAY came in to help ESL and its share holders. They've made this clear in rns 2/12/2020. This is a win-win situation for all. Don't listen to derampers who tell you otherwise. DYOR.