Member Info for Gerry65

Moniman ... Agree, HFD results will provide the market with a clearer understanding of the impact of the virus and lockdown on the retail sector.

Any info provided on Apl - June trading will be analysed with a fine tooth comb. Taking into consideration, the advantageous position that HFD had over other retailers during that period.

Much has been said on how the savings on rates and staff furloughing, may have mitigated reduced revenues.

Emerald has presented the positives for HFD over the lockdown months. The results - good, bad or neutral, will be eagerly anticipated, not only by HFD stakeholders, but many others invested in the retail sector overall.

G

It's creeping slowly upwards . Set myself a target of 47p for today's trade.

Will take 45p + though if it loses steam.

G

Problem with brokers is they have an individual agenda, and don't generally provide a time frame for their view.

In these market conditions, agree in your own mind your buy in price, look for a blue day, stick enough in, don't be greedy, get out quick, then rinse and repeat.

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Been saying for a few days - we need to wait and see the TR1's to see who these "punters" are lol.

What decisions did the 4 main holders take. I suspect Invesco were looking towards the exit door, pre covid, maybe they will have just accepted some dilution.

Let's see what new positions Tosca and Cyrus declare over the coming days. I'd guess there will be the odd one or two new additional Institutional declarations.

We have the % take up figures from the open offer. Someone "punted in" £100m Moni, I doubt a huge amount of that came from pi's.

Airline sector facing major challenges, with a lot outside of STOB's control. They have their funds, and have provided a detailed breakdown of how it will be utilised, which is well worth a read, for those, thoughtful about cash burn.

Still think its better to get the cash raise off early - think there will be many more to come, those Co's that went down the additional Govt loan schemes, still have to repay increased debt, and for them it may simply be a case of delaying equity raises to later dates.

Let's get the extra shares into the market. looks like there will be many trading opportunities over coming months.

G

TF the BOD said shift the Civils & Rail Division asap. Grab what they can for it. Then get the Energy Division back up to pace, to monetise shareholder value - measured sale more likely there dependent on market conditions, no immediate rush on time frames atm.

The Connect deal made sense at the time in that it partially de risked the balance sheet with the transfer of subsidiary Co's. However like a rubber ball - they've come bouncing back to STOB.

Hey ho it is what it is we are where we are.

Popping out for a bike ride it's already heating up where I am.

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Volcano - I de risked over on BVC - took my stake back and let the profits ride. Looks like I should have left more on the table.

With STOB yep it's a bit marmite - let see how the TR 1' pan out.

TF - STOB must be looking back on all those ESL sells over recent years as a shrewd decision in hindsight.

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Volcano - now thinking perhaps I shouldn't have de risked I top sliced and got my stake back still got few here.

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Qantas the latest airline to announce job losses, potentially 6000 to go.

At this rate if i want to go to Morocco next year i'd best buy a rubber dingey and a couple of oars.

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Tav - they could have done with pulling together as much cash as possible, from the open offer, all in all, the % uptake achieved, sort of confirms the sentiment here atm.

As TF says, they have much of the funding they hoped for. We know how its going to be applied from the previous rns.

We know the monthly cash burn, whilst Southend remains a large car park for planes.

Let's keep an eye on how uk construction moves out of lock down, together with the re opening of waste disposal.

gla

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thx for the head's up Arsenal - will take a look

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https://www.echo-news.co.uk/news/18534026.ryanair-takes-wizz-air-route-southend-vilnius/

Hi Hq.sami - good to see you've read the prospectus - 300 + pages, In a nutshell it should provide someone all they need to know. Even if its a 300 page + nutshell.

You say you don't have enough knowledge about the share market, and though this is your first post on LSE chat, you've possibly read more than many, which is to your credit. That said, STOB and the Aviation sector are under major pressures atm. It's perhaps even in more stable times, one of the more volatile sectors, and the virus leaves so many future questions unanswered.

You may well already have a balanced portfolio of quality shares, and a decent cash buffer, and money to invest that isn't required for say a minimum of 5 years, and can afford to risk investing.

That said STOB atm is cash strapped, and even with the cash raise, has a long road ahead of it, and there could be a few potholes to navigate on the way.

Its worth mentioning it's present NAV on the latest balance sheet is down at £102m and it's Mcap is presently sitting at £160M. Over recent years its required substantial cap ex to get both the Energy Division & Southend to where they are now infrastructure wise.

Agreed the Directors are committed to investing a further £356K David Shearer is putting in another £125K. If i remember rightly his previous 100.000 share purchase back in Nov was at £1.20 per share, so he's a little down on those monies with the sp sitting around the 40p mark today . As so are Tosca and Cyrus - two of STOB's biggest institutional stakeholders who also hold shares for which they paid substantially higher prices than available today.

The Jury is out on STOB, there are some hovering around at the moment looking for trading opportunities over the next few weeks, but I'd expect those fair weather friends to be off to pastures new quite quickly. Sentiment whilst fickle can be very important.

No one should take any investment decision based on views of posters on these bb's - and includes thoughts I post. It's all about doing your own research.

What I would say is that if I was starting to build a balanced portfolio there are safer places to start than STOB, and it probably wouldn't be top of my initial list of prospects. There are many Co's on the FTSE 100 and FTSE 250, with much stronger balance sheets, and cash liquidity, and more stable revenues.

One thing is for sure - it should be a bun fight over coming days. Never a dull moment here.

G

Moni - agree, we need to see whether STOB got the full raise off or at least close to it.

Whether our glasses are either half full or half empty - you have been around this sector and STOB, for a while, think we have been banging heads for 3 / 4 years now.

In truth little said here will have any impact on how things pan out for STOB and the Aviation Sector overall. Its just words read by a few posters on a bb.

I'll be looking for TR 1's from Tosca, Cyrus Invesco, Harwood and Griffiths to see their direction of travel together with any new institutional investors if they choose to come on board.

Suspect a few newbies will jump in tomorrow looking for a quick punt. Make sure you keep them honest lol.

G

2Reincarnated - should be some fun days ahead here.

I'm not one to put out sp predictions - difficult to know exactly where we are until we know how much STOB raised. Hoping for close to the higher end of expectations with highest dilution. Wonder what pi's would do if they only raised towards the lower end of expectations. Don't forget it's easy to get in, on the back of an equity raise.

The dilution, cash burn, losses, write downs in balance sheets and other such glass half full posts over recent weeks with present negative sentiment may need to be parked in favour of more positive messages to allow decent levels of volume tradinig

Perhaps the up and coming challenge will be to pass on any golden tickets purchased for a profit. Timing timing, timing.

Never a dull day with STOB.

Gla

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Hi Volcano - like you, I've sat it out today. As you say, looks like we'll get a decent market pull back today, rinse and repeat with bargains available over coming days. Did you consider CRST today, I mention it as the construction industry and the speed of its recovery will have a knock on impact on STOB.

Think STOB will need the cash from every one of those extra £250m shares. It needs to get the full raise off. Let's see what transpires tomorrow. Checked back, I've now done 26 trades in STOB, in total suspect I may be adding to that number over coming days and months.

Be keeping an eye on CPI for more news, and a good te entry price, on a blue day.

Got to love these markets.

G

Hi TF - in truth I miss the gym, usually pop in 4 mornings a week. Atm I've got my garage exercise bike and I go out on an old specialized globe hybrid. I live in a pretty hilly area so its fantastic all round exercise.

Keep battling away over on ESL. Where generally do you see matters panning out over there, say over a 3 - 5 year horizon, accepting further likely restructuring ? I ask as there remain some longer term inter dependency issues bet. STOB and ESL.

Cheers

G

Hi Arsenal, he talked more broadly about the effect of the virus on the uk economy and the way forward.

Sees profund changes in working habits, touched on real estate, mentioning years of under investment particularly in housing. He expects there to be a big challenge for struggling office locations, and retail where he sees tremendousl future pressures.

Suggested the uk has suffered 30 years of under investing and poor productivity, is thoughtful about the shape of the recovery, and warned of bumps in the road

In relation to Covid19, he felt there was an under reaction by the UK Govt early on followed by an over reaction later. Suggesting both the US & UK could learn moving forward from the more measured German response .

Felt central Govt needs to focus on where and what future jobs need creating, not sure if the US & UK were as yet on top of potential long term employment issues.

Said the uk needs to stimulate city by city, region by region to find local solutions. Mentioned Lgen is there with equity and debt support.

Interestingly he's not in favour of major infrastructure projects, naming Crossrail and HS2. Looks like Lgen will look to focus on local projects to drive local growth and is hoping local Govt will be allowed and can step up to the plate.

G

Sorry - Nigel Wilson - clumsy fingers lol

Check out Nigel Wildin from Lgen chatting on Bloomberg tv atm. Discussing present and future issues on board terms.

Worth a watch.

G

Volcano - agreed 100's of grim trading reports will be out this year.

Tav - think over the next year or so those Co's getting the bad news out early may in the longer term fair a little better overall.

Dropping the rns into a red day, was unfortunate, but could provide for a bigger bounce, in days to come.

This is deffo one to have on your watch list for trading.

Will be keeping an eye on CRST over the coming days.

Problem is you to have eyes everywhere at the moment, so much going on out there, with so many Co's.

Gla

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