Member Info for Gerry65

Hi Volcano - i'm straight into a NT on a buy this morning. Slightly frustrating.

Will keep on trying.

Looks like the Energy Division will be hitting those tonnage figures for July and August

KIV - b/e is 94,000 pm.

Saw the losses at Heathrow for the half yr, think STOB is very fortunate to have it's Energy Division and is not a one trick pony.

G

TF - i was joking with you re Carlisle Airport lol.

At a buy in price of 20p that makes you 4 x more confident than Moni's bottom end 5p and 2x his 10p sp figure.

Strange how sentiment varies, lol.

Moni - i have suggested you read through the 4th June RNS , it brakes down cashflow and expenditure, it's quite comprehensive.

Not sure why you don't want to read it or choose not, my friend.

Excellent news from today's RNS statement regarding the quick recovery of wood waste, for the Energy Division, which David Shearer will cover at the agm.

gla

G

TF - i'm trading regularly, at these levels, and continuing to build up my "free carry" holding. Am picking up 4x as many free shares at these levels on a 3 - 5% top slice profit than i was when I was trading at the 1.00 - 1.10 range, for a LFL trade value.

God knows what i'll do with them, don't really need them, but hey i've always been a bit of a collector, call it a hobby.

I'll remember your entry price, hopefully, you'll get it, and join the fun.

You've not mentioned Carlisle lately, perhaps now is the time for STOB to apply, for change of use and link up with TW. the country needs more housing lol.

Sentiment is a fickle thing, it always appears to be at a lower level for those looking in from the sidelines. Am sure yours will improve, if we get to your buy in level and join the party.

AGM tomorrow.

gla

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Hi TF - hey we're all getting these cheaper over the last month, lol.

But it is what it is for TOSCA, they are sitting on a £78M loss atm with a B/E of 70p.

They are close to the 30% level, with a little wiggle room.

Not the sort of guys to chuck their investors money away I'd suggest, agree they probably needed to support at the cash raise.

The question is what is their next move ?

G

Volcano - i knew it was going to be a busy few days, with regards trading updates, but just looked now and the sheer numbers of Companies reporting is probably going to swamp my little brain lol.

Will likely only be able to glance read the headline various headline figures in the hour between 7.00 am - 8 am. The world and his wife is reporting over the coming days.

Did you see that someone slipped Sky news, the snippet about TOSCA's discreet bid for TALK last year ? Why release that info now - months later ?

Was politely rejected, but TOSCA then topped up to present levels over there. I only mention it as they are STOB's major shareholder, they don't strike me as the kind of guys who sit back passively, on their investments.

gla

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Volcano - yep just looked at HGM its back up again. Let's hope Gold holds or moves upwards, for Q3 / Q4, and we should be in for some juicy Gold Miner trading reports, later this year.

Looks like its going to be the usual "bun fight" between the Republicans and Democrats, on the latest Stimulus Bill, may drag into next week - perhaps - so they are saying on Bloomberg this afternoon.

It's less than 100 days to the US election, great fun over there !

G

Volcano - i know from chatting to you in the past, that we both hold balanced portfolios.

it seems the what you gain on the swings sometimes falls away on the roundabouts.

GOLD :
I'm holding in three Goldies having picked up shares since March- HGM / AAZ / TSG.

Today's headlines :- " Gold stalls" / "Gold Retreats" "Gold backs off the 2000 level" - Jeeps its sitting at 1958 as I type !!

If Goldies production levels remain constant qtr on qtr, LFL yr on yr, with steady AISC, then I'd take anything over 1750, for bumper revenues.

KIV Gold was floating around 1430 - 1500 a year ago.

gla

G

Hi Volcano - agree avoid trading on red mornings. For me yesterday looked overdone, and STOB looked to have bottomed out late afternoon yesterday, so i took the trade. Though I was thoughtful went STOB fell on the close to 24.50. To be fair it had dropped from a 30p + close on Thurs eve, to a 27.1p close over the weekend, falling through 25p as Monday progressed.

Volumes in terms of trades were much stronger yesterday - approaching 900 trades, values were small, suggesting PI's were swapping shares with each other, no real large Institutional trades that I've seen for weeks. The major shareholders are sitting put atm

I went in on the belief that our Govt. would reconsider Including the balearic and canary islands, in the blanket Spain quarantine decision. I sat down for both the 6.00 pm news and 10.00 pm news, last night but no change of heart !

Hey ho - it looked like the GOP would push out it's coronavirus relief bill, so perhaps, a boost to markets, today ?

Off to bed last night fully expecting the Govt. to put one of it's "Wooden Tops" (remember them ) out on breakfast news to confirm the Islands would be exempt, but no !! - they doubled down. OH !

But hey this is STOB and buyers bought in on the dip this morning anyway - Happy days for me lol.

This is the second time, I've bought late in an afternoon here. Recently I've found it a bit of a scrum, in the morning, spreads too wide, with the buy price already off and away, before you can get an early trade away.

G

That'll do for me today.

Got in yesterday afternoon sub 25p and am out this morning at 26p +

Added a few more to my "free carry" collection. Good luck to all here.

Off to do the weekly shop.

G

Tryingtomakeit - Welcome to the STOB bb. Most bb's have the odd de ramper or two. Though you may well have hit the nail on the head here, with your latest post.

Some are looking for a buy in price

Some are just "wind up merchants"

Some have a long standing grievance against a particular share.

Though there are just as many with a glass half full view to be fair.

These bb's are great for a bit of banter and debate, though i'd venture to suggest little said here has any impact on a company's sp.

If you're holding here, or merely wish STOB and its team well, be prepared for many months of glass half full views from those on the sidelines.

After all this is little old STOB, and not a ULVR or a RB.

Never a dull day here.

gla

G

Hi Moni - I take it from your positive summing up that STOB is a red hot buy for you then.

Good to know lol.

G

Sandyman - this is STOB so yes never rule out anything, including administration, lol.

You never know - anything could happen as we move forward - RYA / EZJ / WIZZ, could all run out of cash, fold and without planes flying, then STOB would probably need to apply to the planning authorities for "change of Use" for Southend Airport, perhaps it would make a great Drag racing track !

That said, STOB have their cash - they have for the time being just about cleared the two RCF's.

Even for STOB it will take a little while to spend £120M, though it is something they are quite good at ! lol.

Their break even monthly tonnage in the Energy Division is 95,000. Above that a its cash into the bottom line.

Could the low sp attract a bid / takeover ? Emmm - can't see the major shareholders finding that very palatable. How would they react ?

It may be a case of waiting till the interims come out in November, for more info from the BOD.

Still that will provide for many many days of speculation, and debate on here.

Got to love STOB - never a dull day.

gla

G

Moni - cut myself off :

That's a genuine question ( no banter ) as the STOB sp must be giving them cause for thought.

G

Moni - you mention topping up at 5p - 10p in your last post, Previuosly you had your buy in price set at 5p. Then you raised it to 10p, now I see you are hedging your bets lol.

but we all know you'll never buy here, and we know the reasons why. I don't disagree with you that the Airline Sector is facing challenges. But what are you views on the projected figures STOB have provided for the Energy Division. It;s an area of discussion, that you rarely touch on.

I do feel it would be great fun i the sp did fall to 10p - would love to see what you'd do then my friend, apart from buying in, of course.

Moni - I'm not one to throw out sp predictions, they tend to bite one on the bum, that said at a sp of 25p, TOSCA are down £78M on their 2020 investment here of £122M, they need a 3 bagger ( almost ) to hit their B/E of 70p.

How do you think they see things, and what options do they have considering they sit as the largest shareholder ( 27.97% ).

G

That's a genuine question ( no banter ) as the STOB sp must be

TF - agree re the cash raise - great timing - been saying that myself for some time.

STOB raised early ( they didn't have much chioce ).

Suspect their will be many more cash raises to come from many companies as we move through to the Autumn / Winter.

At the time of the cash raise STOB had used up all of the £80M RCF "A" and £10M of the new £40M RCF "B"

Under the raise, they paid back the RCF "B" £10M, so after the costs of the cash raise the remaining cash would have gone into the RCF "A", pretty much wiping out all Bank debt a few weeks ago.

That said - those that have read the RNS dated 4th June will be aware that STOB have set out their YR21 spending plans and cashflow forecast, so should have an understanding of when and how the two RCF's totally £120M are to be utilised, going forward.

G

Hi Bingobear - as two shirts confirms STOB have sold the Rails and Civils Division,to Bavaria, the BOPD called it "divested" I call it dumped, and a great call. The RNS ( Not word on the street ) dated 14th July advises that 188 employees, are also transferred to Bavaria, as part of the transaction so not made redundant by STOB, though how Bavaira sees things moving forward is other matter.

The 4th June RNS ( which really is worth a read - I have said that to a number of posters here ), confirms that the BOD plan to Monetise the Energy Division in the next 18 - 24 months in order to fund the future growth of Southend.

I'd be surprised if this division was sold prior to returning to pre covid tonnage delivery. Again the 4th June RNS explains where STOB are - Apl - June 20 ( expected monthly tonnage @ 56,000 ). July - Aug 20 ( projected monthly tonnage @135,000). Moving through to the autumn, working back towards, previous levels,

KIV - YR 20 was 1.5 Million tonnes pa ( with year end output closer to 1.7 Million in Jan / Feb )

B/E for the Energy Division is 1.1 tonnes pa.

So with the recent cash raise of £100M and the renewal of the Existing £80M RCF "A" and the new £40M RCF "B" STOB have time to get the Energy Division back to the 1.5M - 1.7M levels.

KIV the Energy Division has previously been independently valued.

G

whoops - 2 gla's - computer glitch lol.

G

Bit of a red day out there Moni. lets hope for a blue day next week, 1.4p = 5% .

How many trades have you done since the cash raise ?

I've got three off. Looks like another opportunity coming up soon, lol.

Remember we need red then blue then red then blue days to trade.

Petty convinced there will be many more chances to pick up more profits, over the coming weeks and months.

gla

G

gla

G

TF - more than chatter, re IAG - reuters and other media platforms leaked it, and IAG has put out an RNS, expect more news asap.

G

We live in days of inter - connected markets, the US commentators, on Bloomberg this lunch time were thoughtful as to where the DOW and S&P now stand. Correction is anticipated.

There is a feeling over in the US that Europe appears to have handled the virus, somewhat better, and there is an acknowledgement that many states came out of lock down too early. Further US Virus support measures look likely, there are ongoing concerns over job numbers.

We also have the US / China spat, Russian concerns, and Brexit, so its all great fun out there.

The FTSE has ranged between 6000 - 6500 in the last 2 months, a fall by 10% to say 5500 will provide those with cash further opportunities. Never say never we could see a drop back to the March 5000 level. One thing for sure is markets always seems to surprise. If there are dips money will likely be made by those that buy into them. All too often on these bb's there seem to be many that sit on the sidelines , unsure what to do, and probably they often do nothing.
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We are in the quiet summer trading period, with little volumes, again here on STOB only about £400k traded so far today.

The markets will likely remain volatile, which is great for trading. Meanwhile STOB has its cash, and has dumped it's Rail & Civils Division. We could do with figures, on the monthly tonnage over on the Energy Division. Lets see how busy Southend is through August.

gla

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