Member Info for Kullybahia

The pallet network was acquired in 2018 by ESL. TPN accounts for YE 2018 in March show turnover of £107m and net profit of £4.6m. ESL paid £52.3m for the business. Two years have passed since that acquisition, wonder what is the current situation regarding TPN. Is business better and if so how does profits compare? With 4.5% margins at TPN, hardly a good bit of business paying 13x PE in 2018. Still a update on the current status would help? When will company give a trading update and comment on current profitability. Remember Interims stated a net loss predicted for the YE. As legacy issues remain from previous years, accounts will be available very late. Would help if they could issue a straight answer to the current trading situation and what if any material impact lock down has had on business? Remember they have a building materials arm, with no construction at present, reduced turnover for the company.

TF, the problem with undercutting rivals is when you try to increase the contract price. You get told to do it or we'll find someone else. Thats why profitability isn't there regardless of turnover.

The endgame is shareholders will get screwed. DBAY in control of the business. Everything else is conjecture. A trading share, nothing more. Lots of talk but rns are fact. No money raised, no one wants to lend them. DBAY get the company delisted, sell off and keep the Pallet Network. William Stobart buys the rest and shareholders get nothing. Sad but true what will play out, traders will be all over it once mcap is too low. What's the cash on balance sheet? How's current profitability? Ask why no rns to confirm making money from the business?

There is definitely going to be a trade in there either Monday or Tuesday maybe. And yes 100% reversal. But ESL are screwed further down the line. Either by delist or by DBAY, I can't see shareholders not getting shafted. Feel for LTH, but previous day traders pumped a lot of shiit here with 900 % rise?

I had a Covid test at work this Thursday. It was a pin prick on my finger by nurse, then plaster and wait 20 minutes for result. Result on a small tray with a line, like a pregnancy test. What is the way of aptamer? Is it faster, easier?

When I commented on the fact that I drove for ESL, I was shot down by the rampers, who have moved on. Said they were only here for a trade, now reality hits home. Tesco, Co op, Sainsbury and Morrison contract work is at virtually cost price, if not tiny profit. Was called a liar looking for a entry. Wages are poor and morale is low. Low margin haulage companies rely on return work to survive. You need 90% work both ways to make any sort of money. Unfortunately ESL has serious IT problems and planning is poor. The previous rns said they will be making losses in the current year trading. And may need additional capital to keep the business running. Running flat out during Covid doesn't mean anything if you are doing it for cost price? DBAY will take Pallet Network as part of any deal, shareholders going to get screwed over. William Stobart will take what's left, as family name is all about pride. The assets are non existence. They couldn't raise at 70p,so what makes anyone think they can raise now? DBAY got this in their pocket, no one else would lend them a penny, so shareholders will be last in the queue. Does anyone else think they will open a distribution centre in Warrington? Even TF didn't predict this scenario, you only need to work for them to realise how bad the business is run. Why didn't the sp bounce like all the other shares after the dramatic falls in March? Reason is the professionals knew what we retail don't. LOW LOW MARGIN BUSINESS, even Xpd made £10m and they are much smaller logistics business. It's going to be interesting Monday, maybe a trade but I'm not even bothered about a trade now, way too risky, but still some traders will try. Feel for the LTH, but its all there in the previous rns.

I remember telling people that the company wasn't investable. When all the rampers were here. Got told I was a liar and just looking for an entry price. As a former driver of ESL, I knew how bad the company was run. Running loss making contracts and no assets. Said it was only a trade sub 3p. Somehow it looks like it might well happen? Feel sorry for the longer term investors but the company never previously looked after investors.

That's true about the hand sanitisation. At work best part of two to three times a day using hand-wash or gel.

Just had a Covid test from employer (Ocado). Pin prick, plaster then 20-30 minutes wait. Jeez that long, and nurse in plastic overalls and face mask.

24h March rns states they bought remaining % of IVIX. So now 100%.

The tissue paper and toilet roll are stored at Essity in Trafford Park, Manchester. Trailers are 14-6 which are higher than normal trailers, which are 13-3. The reason is? Because 14-6 trailers can carry double pallets. So not 26 pallets but 52 pallets. As for hand-wash, they've a contract with Unilever and Procter Gamble. I'm thinking more Procter Gamble would be busier, as they do more toiletries. P G in Tilbury, Skelmersdale that I picked up from. Some toiletries from smaller warehouses, like Nivea etc.

Judging by the general buys to sells and there has been more buys on down days. Someone is accumulating? Institution? One selling off and another casually buying while it's this low? Let's see where the sp is in a months time?

£8 not £10… My apologies. All experts like Motley get a few right, but never talk about the ones that they get wrong. Because they get it wrong, much more than they would want you to know. They also only comment after it's happened, never before. Very speculative, is the term used by many? It gives them room to exaggerate their opinions into I told you so?

Motley are just like other paid promoters / derampers. As long as it fits their agenda, they'll make it suit whoever is paying them. Where were their market crash forecast? Oil crash, etc etc? This share was over £10 a few years ago, now sub 45p, will eventually go back above £1. Stocks are cyclical and highs and lows are always happening.

Company is half way through transformation. 2 years out of 4, and turnaround is slowly getting there. Debt is an issue, but contracts won in 2018 are coming into play. Deffo sp has been hit hard by the general sell of, maybe too much. Still sp is unbelievable low, and catching the bottom is difficult.

TF that's for about 45- 50 hours per week, depending on when hours worked, a.m.or p.m. Other companies pay more and retain drivers much better, I have no animosity towards ESL. Just pressure and stress and Infringements and Vosa and transport police and congestion and accidents and early starts and late finishes to deal with.

£9 per hour day rates £9.97 night rates. £15 a day tax free meal allowance bumps wages up to those figures. If you read my previous comments on why low wages, you'd understand. but obviously not.

TF why am I getting grief on here for telling the truth? Jeez I start a new job tomorrow for £10.50p /hour and it's working in a warehouse. HGV driving is low paid compared to what pressure and stress Transport office put on you. Can't see the company looking after shareholders interest. After all they certainly don't look after their drivers. Anyway this is the last time I comment on here, let peeps get shafted. I'll watch how it unfolds, while looking at the wild predictions by I'll informed, who haven't a clue to how badly the company is run. Cheerio, Top of the Morning, Namaste, Shalam, Bro etc etc etc.

Minimum wage increases in April to £8.72 p/hour. Drivers are currently on£9p/hour to drive class 1. Haven't had a pay rise in two years? Probably won't get one for at least one more year? Go and work for them, and you'll get the picture. Don't make wild assumptions, when you are misinformed. Read the interim rns, enough warnings without a former driver to confirm. Apply for a driving job online and you'll see a £15 day tax free meal allowance, to prop up the wages. If that meal allowance was ever cut by Government, then bye bye drivers.

Has anyone read the interim rns? Probably not, tell me what you think about the net loss and net debt? Plus they even caution that accounting irregularities are still ongoing! Losses for the interim could be more than stated, could be much worse and have warned shareholders. This is uninvestable at present until final results are reported. Think it could be worse than the Interims are stating. There is a trade innit but no one can work out at what sp? Those who bought at sub 5p and sold 14p+ were fortunate as it was quick. Everyone on here looking for a similar bounce,if it happens? Dbay in the driving seat, shareholders not, Bod will do what Dbay ask, as 51% dictates. As a former driver I have much better insight of day to day running of business. And it's not pretty, still get talked down by people on here, who have zero knowledge of logistics until 2 weeks ago. If sp drops enough like last time then there's deffo a trade, otherwise it's an avoid. I'll say this one last time, LOW MARGIN BUSINESS. Forget turnover, look at profits. Personally think Dbay buyout the 49% they don't have on the cheap, after all Bod haven't done anything previous to create shareholders value?