Member Info for Kullybahia

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?

I left for my reasons not your made-up lies. Who would stay as a class 1 driver for £9p/hour. Anyway start new job Monday £10.50p/hour. Even turned down 3 jobs in last month, as hours were too much, don't work nights and other was lower wages than expected. Don't need to worry about getting a driving job, but you are ignorant to any advice. Growth without acquisition will be low, as in rns 8% I believe.

There's no money for further acquisitions, it'll be from organic growth only. If they don't grow enough, they may have to sell a business off? Like I said prior, too many mistakes on a daily basis occur. Being a former driver, you would think I knew a bit more than the so called suddenly logistics experts overnight that have arrived in the last fortnight!

The company uses its own depots to fuel up the trucks. Most drivers know where depots are relative to their run in advance. Drivers fuel up after each daily run. They even have their own tanker drivers to fuel the pumps. Last year someone cloned the fuel cards in the depot I worked at. Peeps were filling up all over the UK. So they got new fuel cards, and stopped the fraud. Just one example of why ITI is needed to streamline the business. As for growth. without acquisition TPN, there's not much? Will take a while to see if turnaround can happen? As a former driver, seen too many mistakes happening. But everyone entitled to their opinion.

Main accounts I worked on, Tesco, Sainsbury, Morrisons, Procter Gamble, Unilever, Britvic and Coca Cola. Lots of smaller accounts as well, but other depots would obviously have different contracts.

When main cost of business is fuel and drivers wages. Sending two separate drivers to do same pick up because IT is non existence tells you problems are concurrent.

I've worked for ESL, so know how many **** ups they make by talking to drivers from other depots. Trust me when I tell you it's on a daily basis. Trucks leased from Scania, trailers owned by company. Depots leased, not much in real assets and cash flow problems from customers.

The debt can't be repaid as margins are too low. Eventually more and more money will be needed. Cash flows are chronic and management is **** all around. The company has been growing mainly through acquisition, organic growth won't sustain debt payments. Give it two years and admin beckons, then low ball offer as assets are **** all. Morons who haven't worked for the company suddenly become truck drivers and logistics experts overnight?

That's absolutely correct mate. Stobart group own the Eddie stobart brand. FFS can't people even read what's in the rns? ******s ESL is a share to trade, next week you'll move on.

ESL had an account with Home base, I used to do the deliveries and hated it. Then all of a sudden the work stopped, so happy when that happened. Then one of the drivers who did some office hours as well told me Homebase owed ESL £6m. Tells you how difficult cash flow can be, but that wasn't a big account. Tesco is their main account, they trunk a lot of work for Tesco, but Tesco do their own store deliveries.

Bod own practically zero stock, one director owns 62500,the other 30000.Even traders on here own more. Tells you how confident they are, happy to take a wage, but not back the company.

Wincanton is more distribution than logistics. They do warehousing not general haulage.ESL do general haulage, so Wincanton were interested in buying for that reason. They don't have many drivers or trailers. ESL don't have many depots, mainly haulage. William stobart is son of Eddie stobart, and has a general haulage company. He's put his company into this deal somewhere and hates Tinkler common knowledge amongst the workforce. But as we drivers know, pre this deal, William stobart was going around undercutting ESL for work as vice versa. How it plays out is anyones guess. As I've said before, LOW MARGINS FOREVER. Even Amazon have many contractors for hauling Amazon fulfillment to fulfillment centres. This is a very poorly run business, current management is out of its depth. The debt is too much for the 3-4% margins they make. £1B turnover, yet £30-40m profits won't cover the repayments.

Whatever mate, your just trading the sp until 30p. Go work for them, and you'll realise what it's all about. Absolute shower of **** management, drivers doing the same run twice due to IT errors.

Problem with Eddie Stobarts is low margins. No assets, Trucks are leased from Scania. Trailers are curtain sider £60k brand new, they don't have many new ones. I should know, I used to work for them. The brand is owned by Stobart group, so no brand value whatsoever. Mostly high turnover, margins around 2-4% if you believe the accounts. Too much competition, so never going to increase prices. Therefore company buys out smaller rivals to integrate into the fleet. Worth noting company has never bought out a bigger rival? Has very limited assets, depots most likely leased? This is a share to trade for a week, next week all the traders will be chasing something else. Long term, company has to make money, with contracts with Tesco, Co op etc not the size matters, but wether they make any money. Drivers earn £9/hour, haven't had a pay rise in two years, says it all. You can earn more money working in a warehouse, which is why I left, and am earning more working in a warehouse.

So why didn't ESL take Wincanton's offer prior to Dbay coming in?

They also have a agency called Logistics people that they use to get drivers to work for ESL. They do driving and warehouse staff. They pay the drivers £13 per hour as self employed Ltd. But here's the link to set the shorters up? The agency is owned by one of the directors of ESL, so they get looked after better than full-time employed drivers. Because the directors has made it so, Just milking the profits for himself.

Worked for this company. Not run as well as some on here actually think. Poverty wages for the drivers and the rest of staff. Only management get real wages. Company too busy undercutting rivals for the work and end up making no money themselves. Example Walkers crisp contract in Leicester was priced at £10m less than they wanted, so both parties by mutual agreement cancelled the contract. In came Wincanton with similar low ball offer for the contract? Too many companies at the moment undercutting each other for work. Fowler Welch, Wincanton, Turners, Malcolm logistics to name a few. Stobarts also mainly based in the North of country, because wages are a bit lower. Only one depot in London and that's at Dagenham, can't afford drivers in the south. How is £9 per hour hgv driver going to work for them? Sometimes went to pick up load and load already delivered by another driver day before. Too many problems at Stobarts, a lot are IT and poor morale by staff. No one gives a **** about working for them. You can get paid £9.50 per hour working in Amazon £10.50 in London, so what incentive to work here but get experience and leave. Anyway from an investment point of view, High volume, low margin business, with everyone making 2-3% profits is the reality. Will they buy more businesses to increase turnover and integrate costs? Definitely, but the Stobart brand is owned by the Stobart group not ESL.

That Burton is a major market abuser. Him and Doc holiday pump **** stocks for free shares and deramp other stocks. Paid promoters and derampers.

Total market solutions, a parody blog / podcast? Known for promoting AIM companies that constantly raise money and deliver zero shareholders value. Get paid free shares to promote then sell into the rise.

Could be an up day for the sp? Which would suggest that the low 15p was the bottom of the wave? ??