Member Info for Gerry65

Compass / Volcano - agree utilise the div funds on continuing the development of the infrastructure at Southend. much has been done but more to come, relating to car parking, hotels and terminal.

There will be some that see this as a negative, though I'm guessing most who are attracted to STOB, are looking to the longer term value creation.

TF - re the ESL bond, the rns, provides a clear explanation of the position. No change to the status or terms of the bond. The position is not effected by the ESL suspension. Nor is it effected by a possible change of ownership. For ESL pi's i'd like to see a positive outcome, it can't be much fun for them atm the moment. ( Quite a few non invested "with hindsight" new posters on both the ESL LSE and ADFVN bb's, with unhelpful, "told you so comments" ). But I guess you get quite a bit of that with your investment on the AAOG bb.

Will look for media and market comment over the coming days. Suspect it will be mixed as the journey still continues here. Many positives for LTH's, opportunities for Volcano to make a trade.

Gla

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Hi TF - i've not read anything on replacing the bond security.

The funds raised were earmarked for investment into the two main growth divisions for STOB, and its a 5 year bond, a timescale that is expected to transform STOB. I'm anticipating strong revenue delivery over that timeframe, that's why I'm invested here. I would expect tomorrows financials to confirm the previous rns trading update to the market on the 25th Sept.

STOB have the money, and have probably utilised it, the bond holders have the security ! who knows what price ESL will be trading at by the spring of 2024.

I recall being in negative equity in the early 90s following the housing crash, not much my mortgage provider could do about it, even though the value of their security had fallen by 35 % , I was fully capable of servicing the loan. Within 3/4 years, the value of the house had risen, I'd saved additional funds for a decent extension. When the property was sold 5 years ago it went for 4 times what i'd originally paid for it, everyone was a winner lol.

Let's see how it pans out over on ESL ( deffo another poor IPO price. Luckily STOB sold down a fair chunk of it's holding in previous years which it then returned to LTH's by way of the previous large quarterly div's that we all enjoyed in 2017 & 2018).

Have some sympathy for pi's over at ESL though.

GLA

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Hi Volcano - no real market reaction to the ESL sitn. here atm. Maybe everyone is sitting and waiting for tomorrows financials.

I haven't taken a second bite at CRST yet, I've used up a fair chunk of my trading funds on picking up TLW at 147.8p. That's a share I've traded a lot in the last 5 years, I'll look for 170p but it could go the other way short term.

I've got quite a bit of trading money tied up in AMER waiting for news ( been waiting for what seems forever with an average at 15p ), so If there is a trade to be done here tomorrow to add to my STOB holding it might have to be a small one.

Re the bond raise, in hindsight its seems STOB were very fortunate in the timing of the cash raise against the non core ESL holding last May. Am anticipating solid progress at Southend Airport and in the Energy division, with the funds raised used to develop the core divisions as previously set out by the BOD.

Not long to wait.

GLA

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https://www.lse.co.uk/rns/STOB/stobart-group-ltd-pricing-of-exchangeable-bond-kblukxvmkzu7z7x.html

Hi Volcano - just did a dummy buy and got 128p+

Market seems reasonably comfortable with STOB atm.

Interims due out Thurs should hopefully continue to confirm the STOB growth story.

GLA

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best wishes for your future investments Doni

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Doni - sorry to hear you have sold out for a loss - what sell price did you take?

Think you said your last buy in here was at £8.20.

i hold some BAB, they sit in the dividend accumulation part of my portfolio, i bought them on a long term basis.

Will collect the 5.5% div, keep an eye on rns.

a comfortable long term hold for me.

Gla

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Tav - I've held off atm here in CRST. I'll take a look at it after the weekend.

FY2020 net profit predictions, do put the div at circa £85M under pressure, though that wouldn't stop me from looking for a 5 -10 % trade.

A look at the one year chart shows how many opportunities I've missed throughout this year having only traded it once so far. Its a proper zig - zag up and down chart - lovely for trading.

I'm expecting some election "bun fighting" over the weekend, which may give me an opportunity for sub 3.70 here next week.

If I miss out here I have a few others where I'm ready to jump in.

GLA

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Hi Volcano - have had my finger over the buy button here this morning - same over on fxpo, have held off atm.

As Tav says that was a kitchen sink rns. Relatively positive on the 33p div going forward though with 257m shares that's circa 85m pa. to cover. Personally i'm not looking at the div here - more looking to swing trade, in and out for 5 - 10%, i'm going to sit on hands and see the direction of travel today. would love to get in a bit lower, but accept i may miss out if it recovers quickly.

With the election gearing up, there will be lots of mud slinging, by our politicians giving lots of trading opportunities over the coming weeks. Think markets will remain nervous and volatile.

Every day seems to bring more and more opportunities, with good companies being kicked about. It's like being a kid in a sweet shop, what to choose, lol.

G

I see Peel Hunt have matched the Berenberg target price after the relaease of the yr end accounts.

I've looked around and am struggling to find much analysis of the accounts, certainly they were lengthy.

Normally H&L are quick off the mark with a report, perhaps we'll see some views over the weekend.

G

Do we know how long it flowed at peak rates ? Could have been several days or perhaps just an hour. If just an hour producing 34 barrels, then that could be suggested as the equivalent of circa 821 bopd. Same applies to the Choked back rates.

Great opportunity to trade today on positive news but much more info required moving forward.

G

market may need to know the actual volume of oil produced, and over what timeframe.

G

Hi Volcano - yes I had a little nibble this time at £3.60 but bailed when it broke through £4.00, I only held for a few days earlier this month, With hindsight wish I'd held for the longer term.

I may not get another chance here, I'm slightly disappointed in myself in truth.

CRST will deffo remain on my watchlist.

GLA

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looks like the market is anticipating positive news on Thursday, this has ticked up from 1.04 in the last 30 days.

Let's see, how it pans out later this week.

G

It's likely that deep seated Brexit divisions will remain the the UK for many many years whatever the final outcome.

People have differing opinions and reasons for their views on both sides of the argument, and these are unlikely to change.

One issue that concerns many is the potential economic cost to the economy in exiting.

perhaps this could be mitigated to some extend with if the Govt set up a Brexit Bond ( perhaps irredeemable ), but trade able and open to the public invest in their vision of their future. Take up optional.

Funds raised to be ring fenced for Brexit

Structure and terms and interest rate to be discussed.

That would provide an opportunity for those that see a bright future to invest in a Brexit UK, surely many who are of a glass half full would be delighted to invest in Brexit, and benefit from the long term financial opportunities as they see them.

This positive commitment may to some extent reduce the concerns of those who see risks and wish to remain.

I'm off to the gym.

Discuss

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Woodstock - esl is presently suspended not Stobart.

Stobart is progressing nicely within it's two main divisions of energy and aviation.

ESL is transportation / lorries my friend. I've checked and I can report back to you that absolutely no ESL lorries are flying in or out of Southend Airport.

Hope that helps you a little.

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Nige - you got there before me to help xxdodgerxx.

It never ceases to amaze me how many pi's have no understanding that these are separate co's.

Dodgy - Stobart are in Aviation, ESL is in transport/ lorries.

There are no lorries flying out of Southend airport to my knowledge !!!

Maybe as Nige suggests - pop over to the ESL bb with your thoughts, but maybe read up a bit beforehand, so as to avoid compounding your initial error with any more misunderstandings over there my friend.

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Lti - you could write a book on positions taken then amended, and views presented, then changed by many involved in the Brexit process, both on the uk and eu side.

Much water to flow under the bridge yet, I suspect, before we reach the end game. Maybe we are close to the end of the beginning.

G

Lti - agreed - again

Just asking politely - do you leave the c out of Juncker's name as a mark of disrespect ?

I have no axe to grind just wondered.

In truth - I'm not interested in how the uk got to this point in time, but I am very interested in how the future pans out.

Whichever side of the debate one sits both previously and presently. All of us will ultimately share the same future, once matters have been concluded.

G

Lti - agreed - and pretty much in line with Tusk's answer to the question posed.

G