Member Info for Gerry65

Volcano - yep saw the news over on BBC, I only kept my profit shares in there after top slicing, wishing I'd left a few more in there in hindsight.

TF - think you mentioned SCE a while back ( carbon brakes ) I think will take another look. Think the exit from Rails and Civils is well timed. Loss making, with legacy issues that Volcano highlighted in his post yesterday, going back to the time of Andrew Tinkler's reign. No point in carrying a likely £10m pa loss. Get rid and move on.

Sandyman, you seem to have a fascination with me atm. No doubt in days to come you'll focus your attention on something or someone else. Regrettably for you I'll not be taking into consideration your particular problem with reading posts exceeding a couple of sentences.

You may want to consider posting something of relevance to STOB here, either regarding its own particular challenges, or those of the sector, or markets overall. It can be positive or negative, I'm sure other posters won't mind either way.

My response to you remains constant, i don't see what you gain personally when you demonstrate to people on various bb's that you struggle with inputting data or info. For me I'll post when and what I feel is of interest or relevant. You are no one's Judge or Jury my friend.

Gla

G

Yep Volcano - saw the Moderna update, helped US markets and Asian markets over night. Blue start this morning.

Picked up a few here yesterday afternoon, on the 6% dip prior to the RNS. Am not looking to be too greedy today

G

It was deffo quick - deal must have been lined up in principle.

Tosca must be happy the divestment has been completed.

Perhap makes their latest Investment in STOB at the placing look a lot more sensible for those looking in from the sidelines.

G

Volcano - thx for pulling the relevant parts of the June 4th rns.

May help those who don't like to dig too deep lol.

Cheers mate.

G

Volcano - agree it's been losing money for some time.

The BOD is not messing around. Got a plan, part 1 achieved.

Part 2 - get Energy Division back up to pre covid levels and look to monetise value.

Part 3 focus on Southend for the long term.

Decisive decision to dump it.

G

TF - It's performance - or lack of - has been in the overall accounts for many years.

The right move as explained in that rns ( 4th June ) I keep mentioning to you.

G

Rails and Civils Division dumped. As confirmed in recent the as part of YR21 plans.

In view of quick timeframes I'd suggest this divestment was well in hand, when future strategy was laid out last month.

G

There are a raft of UK, US & EU economic announcements due out this week, so it might be wise to tread carefully.

It's also the US Bank earnings season - being kicked off by J P Morgan and Wells Fargo - tomorrow I believe.

Reasonable to anticipate a bumpy week ahead.

G

Knowing STOB it'll continue to offer up more trading opportunities, for those willing to take them.

Interesting that some see the sp at these levels as "deeply concerning" whilst to others it represents a great" buy in " chance.

That's the beauty of being human - we all have our own personal views, having differing views creates a market and allows shares to be bought and sold.

Should the sp drop to 25p, some may see it as being even more "deeply concerning", however, if it pops back to the placing level of 40p, I'd expect some to be suggesting that it was overpriced !!

Poor old STOB it just can't win lol.

Still for holders there are three choices - buy / sell / hold

For non holders only two buy or short.

Though I guess sitting on the sidelines, and pontificating is another option, won't make you any money but there again none lost either.

Day trading seems to best way to go atm.

gla

G

Volcano - looks like a missed opportunity today. I had an appointment mid morning so set a Buy limit order @ 29p.

Typical STOB it got nowhere near. Peaked out @ 32.8 mid price just after 1.00 pm this afternoon.

Note to Diary - "I must be more bullish on STOB" lol.

G

I can appreciate some LTH's will be disappointed to lose the div for the time being. Though in these unusual times it seems prudent. I've picked up a chunk of these, my only slight concern was the level of debt, which whilst higher than I'd like to see is under control.

Pulling the div saves circa £220 m a year. Depending on forward revenues, if some of that saving was used for debt reduction, then this would improve the balance sheet still further and enhance the value of SMDS over the medium to longer term. Which should have a positive impact on the SP.

Gla

G

Back in March i missed out on adding with TATE - just too many bargains at the time and I couldn't be everywhere.

Said to myself i'd pick up more TATE if it drifted down to £6.00. Got some in the low teens so happy.

I thought you might have a nibble at EMG when it was sitting at 1.28 this morning, that one serves you well.

I only trade STOB on blue days, by the time the market moved this afternoon i was in chill mode for the weekend.

Hopefully some made some money here today.

G

Hi Volcnao - yep a turnaround turned out nice in the end lol.

Did you trade, I picked up some more TATE, which is doing well, also got back into SMDS, bit flat there.

G

Birddog - Agree, focus will be on freight, this Govt needs to increase the UK freight hubs.

The Thanet Way ( A299 ) was vastly improved in the late 90's it's mostly dual carriageway all the way to the M2 nowadays.

There may be limited passenger flights, but unlikely imv. Kent does have a population of circa 1.85m. Though won't most be using Gatwick ?

Not ideally suited for rail, it's 10 mins from Ramsgate railway station by taxi, and it's a journey of 2 hrs 10 mins from London Bridge.

KIV Southend Airport has it's own railway station on site - 53 mins from Liverpool Street and 43 mins Stratford Station.

Not sure how convenient Manston would be by car, they'd need to consider car parking and hotel development too.

G

This has got to be good news for employment in North Kent. They are talking about many jobs being created. I accept that there maybe some of the usual concerns from those living close by.

Also very positive news for the UK's regional airports, in that the owners are prepared to look long term and invest £300m over the coming 15 years.

Great that the the Department of Transport has approved the application despite the Examining Authority panel recommending to the Secretary of State that development consent should not be granted.

They aim to get it to stage one by the Spring of 2023, then are aiming for some 10,000 air cargo movements a year by its sixth year of operation ( 2029 ) which equates to 14 arrivals and 14 departures a day, around two flights an hour “during normal operating hours.”

Permission granted with the usual restrictions, included night time movements

Also a fillip to Southend Airport, should underpin its valuation over the longer term in that investment funds are still coming into the sector.

What price Southend ? Bear in mind STOB's mcap is presently only £184M.

G

Picked up some more of these this morning.

Nice rise early doors.

Generally one in my portfolio that gives me very little stress lol.

But we are in strange times.

G

I've bought back in again this morning.

G

Moni - Sillyman has history of popping round bb's barking stupid orders. He looks to create friction on a personal basis and has been called out many times before.

He's contributed didley squat to any debate here.

If he wants to act like a "demented headmaster" then so be it, if he doesn't like my posts he doesn't have to read them, but if he wants to have a pop at me - he'll get it back in spades - simps.

To me he comes across as a bit of a plonker, I'm truly not interested what he thinks of me. I'll reserve my right to post on any bb wherever and whenever I like. If he finds it annoying I'll increase both the length and volume of my posts.

BTW I recommended your post on HFD last night - we are living in strange times.

G

Sillyman - you bang around various bb's barking stupid orders. You add nothing, and end up having spats, as people tell you where to get off. It's really quite pathetic.

You smack of "short man's syndrome" - are you vertically challenged ?

Grow up, get a grip, and pull yourself together you plank !

I'm not remotely interested in whether you want to read my posts or not. For the third time - your solution is simple, just filter me.

It's not a complicated.

What a plonker you really are !

btw - morning folks - best of luck out there today.

gla

G

The US dollar has weakened recently against the pound.

Tends to impact on TATE in the short term. I've been in here for a while now.

Hoping to get another chance to pick up more around £6.00. Need not to wait too long as this one can pop 20 -30 p in any given day.

Trust in Doris & co to mess up Brexit negotiations and the £ could quickly drop again. It's an ill wind lol.

This one rarely gives rise to concern for me as I have a low average.

G