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is this to do with the court case with the former CEO?
Hi Guys, why is this not moving? All travel stocks up 30-40% this month, Why is there zero volume, why is no one buying?
Again another brilliant post with an angle most of our dinosaur investors in this group have not thought of! Only positive posts going forward now from the rest of you birddog, truthfactory, gerry etc otherwise do not post at all!
love the positivity keep posting
This forum is ridiculous, if anything positive is ever said its shot down by idiots like Birddog816. For anyone new to investing in ESKN let me be clear this forum is toxic, these people have lost £000s and have nothing better to do but post negative remarks. What's the positives for ESKN for my new investor? The positives is price is rock bottom and found a bottom very unlikely to move much further down, its fully capitalised now and there is a heap of positive news to come that will push the share price up! This future positive news is a new CEO, introduction of airlines back at Southend, improved mood to the overall travel sector (q1 most likely). Each of these factors alone could see the share price double. Now Birdog and his fellow loser friends have been stuck in this share for years look at the old stobart posts , they brought the share when it was £3, they are well and truly burnt , there is no coming back for them, its goodnight for them so they keep posting negative remarks. But for investors like me who have strategically averaged down that break even is now just 18p, when ESKN moves up we will make a small fortune. I speak for the investors who couldn't care less about what happens in 2-3 years just about what happens in the coming months so we can make some great money and get out.
Supercharger keep the positive posts up everyday lets annoy these losers!!!
hi guys is it just me or has this share bottomed out?
gerry do you think i should apply for 4 x allowance for open offer ? i think this is the maximum that will be allocated. How are you playing it? Also does this work by a first come first serve basis?
all - will there be a holding period so that the new institutional buyers cannot sell?
I love the enthusiasm, however it doesn't look like its becoming positive today. I think initially it will go to 20/22p by the AGM, then 28/30p by September and then march to 50p by year end.
Sounds like another disillusioned investor who brought pre-covid. Calm down dear.
Hi Gerry - we have roughly 900 millions shares in circa, I believe the true 2/3 valuation of southend current market is 240mill + 100 mill for biomass business + cash position. I actually think we could hit 50p now this year with the pent up demand for flights meaning we will soon see the return of easyjet.
average down guys , this is going back to 40p
fair enough so do you think 30p is the maximum for this year?
Hi Gerry - 17 days to go until the equity offer , i know have decided that even if the offer is at 18p there is no point selling now. Hopefully we will see 30p again by end of the year
Hi Gerry why do you think Toscafund are not launching a takeover bid? Do you think they plan to average down with the equity raise
Hi Gerry,
Looking at the price movement last year before the placing was announced, its clear that a Market Maker was hired to push the price as high as possible before the 40p placing was announced. The price went from 39p on 18th May to 72p on 4th June. Do you think the same will happen now? For the £40MM equity raise to be achieved at 20p will require 200Million shares to be added to the current 650Million Float, that seems unrealistic. What would be more reasonable is for a market maker to come in, propel the price to 40p and do the raise at 32p requiring an additional 120MM shares to the float. What are your thoughts sir?
wow finished 4% up on the day!
Thank you for your responses, my plan is to sell at 32p hoping this is reached before the Equity Raise is announced and rebuy post the announcement (hopefully 20p). I don't see Tosca buying this outright now they had plenty of opportunities over the past 12 months. Also reading through the RNS is that if the additional financing isn't raised they will struggle to continue trading and I do not believe this is anyone's best interests.
Hi Gerry/Volcano/Truth Factory
Open Question to you All.
My current average price is 36p, should i look to sell if i can between 25-27 and rebuy when the equity raise is announced which i imagine will be in the next 2 weeks, rebuy at 20p and sell at 27p to effectively have broke even or do you suggest at this stage just holding? LSA deal, post equity raise etc we should see 40p again?