RE: RNS8 Mar 2020 12:29
TF - we know how you like to exaggerate with your claim yesterday of 25% interest when it is 18% and now we see you almost getting into bed on here with the ex disgruntled stobart driver with his claim of £9 ph wages as if it would someone make any difference to the investment case in the actual business here lmfao!
By the way I have a friend who is a stobart tanker driver and he had previously told me his hourly rate depending on time of day/ or weekday/ weekend was between £16-£20 ph. Not that it really makes any difference to my decision as to whether or not to invest here but just thought I'd put that out there lol.
I'll just concentrate on the positives here....
"This transaction provided £70m of additional liquidity, putting the Eddie Stobart group on a stable footing and providing a platform from which to develop."
· "The Eddie Stobart group has new leadership with significant experience of the logistics sector."
Interim results
· "Revenue grew c.26% year-on-year (2019: £421.3m, 2018 restated: £334.5m), representing a 6.4% growth in the underlying business and a strong first half contribution by The Pallet Network."
"The Eddie Stobart group has new leadership with extensive experience of the logistics sector; William Stobart, is now Executive Chairman of the Eddie Stobart group and there is a new board of directors at GWSA including Mike Branigan, former Chief Executive Officer of Transport Development Group (TDG), Geoffrey Bicknell, former Chief Financial Officer of TDG and Saki Riffner, Chief Investment Officer of DBAY."
"The Eddie Stobart group management team is committed to building on the Group's strong fundamentals and is seeking to deliver an improved performance from a more stable footing. The business has continued to deliver excellent service to its customers and since the start of the HY19 period has won new customers such as Tilda, Metsa and Lallemand and extended contracts with Tesco, Aldi and Mayborn."
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