Member Info for Gerry65

Board Appointment

Stobart Group, the Aviation, Energy and Civil Engineering group, is pleased to announce the appointment of Lewis Girdwood as Chief Financial Officer and Executive Director with effect from 1 April 2019.

Since 2017 Lewis has served as Chief Financial Officer to IAG Cargo, which provides global cargo services to British Airways, Iberia, Aer Lingus and other IAG airlines. Prior to that, he was Head of Financial Planning and Analysis at easyJet, responsible for financial business partnering across the airline.

Lewis has also held senior finance roles at Premier Foods PLC, British Bakeries Ltd and Racal Electronics Group International.

The airlines sector is not in vogue atm - views on it swing wildly it should be acknowledged.

There is a very good report from George Salmon on H & L which comments on EZJ's trading report out today, and summarises the position.

Some interesting sp figures info from H&L : 1 week 1 month 3 month

STOB Down 11.21% Down 0.13% Up 6.44%

EZJ Down 4.97% Down 14.79% Up 4.29%

IAG Down 4.48% Down 14.7% Down 15.48%

There was clearly over supply in this market with smaller companies on tight margins, finding it difficult to compete or in several cases survive. With recent airline failures this over supply will have been reduced.

The political situation is not helping, but will eventually be resolved.

I see some bargains, to be scooped up with my cash war chest, which i have pulled together by getting out of some positions, over the last 9 months, in the belief that the run up to Brexit would create market uncertainty.

Happy days.

GLA

Ironic - Sorry your thought process is beyond me I'm afraid.

Moniman - you got the whole "bidding war " for Flyb wrong, and at the same time you tried to play both sides with your Stob £1 buy in limit order, my friend.

regrettably, you lost heavily on Flyb after believing your own hype - think you were pushing bidding buy out's of 30p - 50p - 60p - 90p ( finally you went the whole hog to £1 ) as such you ruined your posting credibility my friend.

Whilst you were posting hourly with your fellow rampers over there i was trading Flyb, and made a nice return though i was not daft enough to hang around too long.

Airlines are facing some short term headwinds atm, as i'm pretty sure you as aware, here at Stob i'm sure many long term holders are expecting those that lost on Flyb to post, should the sp drop,at any time - it appears to be human nature - sadly. It does however say quite a lot about such posters.

Flyb customers, and staff were fortunate that their BOD flagged the co's dire situation early to allow Connect ( the white Knight ) to save the day.

Regrettably WOW were less concerned with their customers, leaving 10,000 passengers stranded.

As to the Stob sp - like all shares it will fluctuate, it could fall further, but i'd also expect it to see £1.80 sometime in the next 3 - 6 months.

I know we have debated on here before so you'll know my personal position, being a holder here on a free carry, and very comfortable, should the sp be at a lower level at the next div date, then i'll pick up more shares will i not ? lol.

Traders can also make money with Stob, it can easily move up 5 - 10% in a day.

G

correction - STOB have a 30% ownership of Connect.

G

Ironic - you have lost me now lol.

What asset could / would /should STOB sell to Connect, in which it has a third ownership ?

BTW you haven't responded to my question to you regarding WOW - see my post ( Sun 18:52 ).

Nor have you responded to my post ( today 07.43 ) regarding the capital review, and the sale of non core assets.

G

iconic - but that's been your mantra across many bb's on here over many months, has it not ?

do you own an armageddon sandwich board.?

btw i've dealt in a number of shares where you post your views on the markets, and have done ok. it's all about buying low and selling high my friend. i find that works best for me.

Not sure about your comment re Stob saving money? unless you are suggesting the Connect consortium picked up Flyb for a low price. to make that statement would suggest some knowledge of the negotiations, and financial information available, to the bidders.

are you saying you had insider information ?

moving go your last comment what is your understanding of Stob's ongoing plans in its three main divisíons ? My understanding is we are awaiting more inf on the capital review. Perhaps you have some up front info you'd like to share with this bb.

you do understand how Stob funded, it's third of Connect.

i'd be interested in your views of the likely ongoing sales of Stob's non core assets, how much cash do you think will be realised and where would you lime it to be invested ?

i would in conclusion i would mention to you that the London Stock Market, has been around for 300 years and throughout that time, there have been many new ipo's, mergers, takeovers, and administrations. many pi's have lost money and many have made money. my expectation is that the market will be here long after you and i have passed on.

my best wishes with your future investments

gla

Ironic - think you are wrong with the figure you quote in your post (11.10).

You state that the Connect consortium paid 1p for flyb !!

In the various rns that I've read, the total restructing investment is over £100m. thankfully actions were taken before customers suffered.

Some small airlines are struggling at the moment, just look at WOW, which collapsed last week,leaving over 10000 passengers stranded according to some reports, I'm sure everyone is feeling for the passengers, outrageous really, do you not think?

Thankfully for flyb staff and customers a white knight was found to secure it's future.

Gla

It would appear TUI are getting their anticipated costs with regard to the 737 max out into the market at an early stage.

I would imagine all carriers who have taken ownership of the planes will also be getting their expected costs out there too.

Not a bad plan of action to lay out an initial potential financial impact.

Will be interesting to see how Boeing will deal with potential lawsuits.

Any legal minds out there who wish to comment are very much welcome to add their thoughts.

Gla

Sorry just checked the link - from "portfolio" click on - Market value by sector.

G

Hi Texas - similar to many i guess i have been buying as the sp has dropped over the last couple of years and with reinvesting the dividends, i'm at an average of around 1.51 on news sp figures.

I'd be hoping for a min of £2 per share, but as CJ66 suggests, i suspect Cromwell may put in a low bid offer. It doesn't look like the bod of RDI were expecting an offer,they looked like they were just getting on with business, until the approach came.

I note the concerns around retail, though i feel RDI have been taking steps to reduce its exposure to pure retail.

I was encouraged by the move into office space in London in particular, and its hotel portfolio is very strong.

The chart below pulled from its website gives an overview, of its portfolio.

https://www.rdireit.com/portfolio/income-characteristics

It will be interesting to see how the sp reacts, over the coming days and weeks.

It's a watching brief for me

gla

so 2 rns out to confirm rumours.

Cromwell Property Group had approached rdi with a possible offer for rdi.

no price mentioned.

Cromwell have until 23rd April, to announce a firm intention.

interesting times.

gla

Volcano - not sure if I am looking at the site you mention could you post a full link - sorry to have to ask.

Usually I have the following sites open when trading :

H&L
LSE
Adfvn
Bloomberg
My Halifax ISA stock and share trading account.

Often I have too many tabs open lol

Still sitting on my hands this week, with a watching brief

Gla

Volcano and Joehigahsi - thanks for those two links - i'll have a look at both of them, it can be frustrating when LSE freezes, on sp prices though on the whole i kinda like the site overall.

I tend to have my trading account up and open when i'm in a trading mood and do dummy buys and sells to get an accurate price or a trade. All info. is handy to have so cheers to both of you.

G

volcano - we are like minded, i use the watchlist facility here on lse. i have my holding list and a possible buys list too, this one is full atm lol.

have the cash ready to go - will add more into my stock and share isa early in the new tax year, made sure i sat on my hands today lol.

will look at a number of options over the weekend.

same as you am out with a few friends to our local this evening,( its to be a non brexit chat night ! forfeits for any mention of the B word ).

G

Volcano - i am in agreement - i've built up a bit of a war chest by taking profits on a number of shares over the last 9 months, closing out to cash.

As i had a feeling that there would be Brexit Bargains to be had on the back of market volatility as we moved towards deadline day. FTSE100 down almost 2% today and the FTSE 250 around 1.9% Got my eye on a number of positions,

Have kept my powder dry today, and will keep a watching brief over the weekend. Let's see how things pan out in Westminster over the coming days.

G

Pianista "People are talking about the possibility of an NDA for Hoskings. However, they'd be looking for £5m - £10m I should think, so surely difficult to hide in the accounts of Hoskings, Connect, or whoever else is involved. Also, they wrote to all shareholders enlisting our help with Laffin/Kohn, so it would leave a very bad taste in the mouth if they tried anything like that. In a word, hypocritical. Or am I just naïve?"

Hi Pianista - just copied your post from the STOB board - to be helpful

G

Hi Tav - I've posted before how lucky i've been here, with STOB.

I picked up these for a song in 2016 and three months later recouped my outlay, by selling circa 58% of my holding.Retaining the remaining 42% on a free carry. To which have been added all the divs over the last three years.

With my original capital investment fully repaid,it's one of my long term holding shares.

There is much to look forward to, most will be aware of the predicted growth figures in passenger numbers, at Southend Airport. We also have the re opening of Carlisle Airport on the 4th July, and its now been announced that STOB are confirmed as the operator, at Durham Tees Valley airport.

We have the capital review to look forward to, together with developments in the Rails & Civils and the Energy division i see a very strong long term future for STOB.

The subscription of 150p per share to raise approximately £24.7 million in Jan. Which provided STOB's contribution towards the formation of the joint venture private limited company Connect Airways Limited,has it seems formed a base level from which the sp has bounced several times recently, providing many pi's an opportunity, to join the STOB story or trade the share.

Maybe you'll re join soon.

Best wishes with your future investment decisions.

G

Hi Tav - have you taken a position with STOB ?

Pianista - not sure what you mean by accessing the Flyb BB.

It's still there, it looks like one could still post on it, not tried myself as i've nothing to add on there.

Have you actually tried a post over there, my friend.

Gla