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Hereshopin you do realise that every man and his dog will be wanting in on ESL this week for obvious reasons that I'm not going to repeat.

If your going to accuse Mark of ramping then you may as well put 99% of us in that category but on this occasion the ramping is well and truly justified.

That's why this is heading sharply back up this week. Chartists that have looked at the stock know just how rare it is to have the RSI at only 6 with where the SP is compared to pre suspension levels. Good luck getting in this week though I mean it lol

Seriously though harhoo we'd all love your input to justify that one liner lol.

I've provided info and balanced views to the contrary this weekend so we're all ears haha

VERY STRONG BUY imo lol

Sorry ignore the last they've just reappeared lol

Wtf is it me or have the last 60 or so posts just disappeared??

"Anyone doubting how undervalued this is needs to do a bit more research."

Couldn't agree more....I think most saw the one off impairment cost and ran for the hills on first day of relisting.
Something tells me they will be back in their droves this week trying to get back in lol.
Should never have dropped below 40p but what's their loss is our gain hey.
Sharp correction coming here this week guys.

https://lemminginvestors.blogspot.com/2020/02/eddie-stobart-logistics-contrarian-punt.html…

"ESL is one of if not the UK's largest haulage firms. IMHO, the market has simply overreacted, not helped by some funds exiting, which has put serious downward pressure on the equity. I believe this will end quite soon as the volume is huge. Furthermore, a large rival, Wincantons were looking into a possible bid for ESL before the company was suspended in August"

"Wincanton CEO James Wroath, has said will not rule out further "bolt-on" acquisitions after investors and shareholders reacted positively to its disappointing aborted bid to buy ESL in November last year. Wincanton was previously assessing the merits of a potential combination. Wincanton pulled its interest on 25 November 2019, citing "financial performance and ongoing liquidity" ESL. However, liquidity is no longer an issue, and Wroath is an ambitious CEO, thus my contrarian recovery punt."

"Speaking of the proposed £80m bid - Sébastien Desreumaux, ESL’s chief executive, said: "The proposed transaction provides Eddie Stobart with the opportunity to move forward and look to deliver sustainable growth and profitability from a stable footing. Our main priority and focus is now continuing to deliver the high levels of services expected by our customers as we move into the busy Christmas period."

Stobart’s customers include Tesco, Coca-Cola and Amazon.

The deal represents a victory for William Stobart over his ex-brother-in-law and the company’s former chief executive, Andrew Tinkler, who had mounted a rival £80m bid to take over Eddie Stobart with the backing of unnamed investors. The childhood friends have taken turns to run the company at various points in its recent history.

I would be shocked if a bid for ESL did not materialise in the coming weeks. The current market value is £29m."

Reassuring to hear from the bod ......

"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 Board has been informed by the GWSA leadership team that the thorough review of the Group's operations announced in November 2019 is continuing and the management team is taking steps to bring further stability to the business"

This is my take on the potential current valuation of the business:-
So taking the closing price of 71p into account at the time of suspension (we all know it has previously been over £1.80p) plus the fact we now have a 49% stake (in exchange for £70M injection).
So the debt the company have was there prior to suspension but we now have a SP just over 10p representing a drop of 85% from 71p.
Plus a one off impairment charge however my understanding is that the company now have liquidity of over £100M.
Personally and this is a VERY conservative figure I would be currently valuing the company right now with an mcap of around £200M which is roughly 52p a share.
This imo reflects the available cash position, the value of the current assets, the annual £421M revenue (and growing), the value of the great British Eddie Stobart brand plus the current situation with very low fuel prices which I see as continuing medium term and finally the coronavirus.
The supply chain will need to be maintained and perhaps strengthened in the coming weeks as people will still continue to purchase goods however they may change how they buy them. Either way deliveries from depot to warehouse and to shops will not reduce as they will order more online but the bottom line is those goods will still have to be delivered by lorry to depots as normal before being delivered locally. It just means less consumers will actually visit the store for them that's all. So ESL is really facing a perfect storm right now and is one of the few stocks out there that will be largely unaffected.
My valuation takes into account the 49% stake in the business of £200M right now.
Due to the size of the company we all know there are likely to be numerous interested parties right now that will be eyeing up ESL with a potential offer (subject to DD of course) but if we don't get taken over in the next 12 months we could be looking at a doubling of the mcap to the £400M level as the directors continue to expand and steer the company to a more stable footing.
And perhaps by then all will be forgiven.....

10.10, 10.20, 10.30 or 10.50 in the grand scheme of things does it really matter?

If you like us think this could reach 30p+ in the coming weeks then arguing over fractions of your buy in price is a bit silly...

Last trade at 16.38 for 593k shares @ 11.20p

Next week will be a goodun

Let's not get ahead of ourselves here with 25, 50 or even 100 bagger marbur will burst a blood vessel lol

Should be a good week here and gold now over $1,670 gla

In this case for me it's all about the potential for offsetting the huge tax losses incurred over the years (£8M+) that make a potential RTO into Nuog very attractive especially if we are to believe it could be from the clean energy sector.
Potential investor's or those already in here should obviously draw their own conclusions but I am quietly confident of a positive outcome in line with comments made at the recent AGM

I think that's the direction this is going in too.....

JP recently commented on his proposed appointment over at AST -
"As the oil and gas industry moves deeper into this period of profound change driven by the energy transition, quality opportunities present themselves for nimble, well-financed micro-cap platforms".

James has a wealth of corporate and transactional experience on AIM and a demonstrated ability to access capital to fund junior resource plays. He is Executive Chairman of Regency Mines plc and Non-Executive Chairman of Echo Energy plc and Coro Energy plc.

Great article chisler many thanks.....

Think this could also apply to Great Western in terms of potential for significant re-rate of the SP -

https://www.investorideas.com/news/2020/main/02186RichardMills-Nevada.asp

The next big thing in Nevada
As a general rule, the most successful man in life is the man who has the best information
Richard (Rick) Mills, Ahead of the Herd
February 18, 2020 (Investorideas.com Newswire) Key to being a successful junior resource investor is doing your due diligence prior to taking a position in a junior, or for that matter, any publicly traded company.
So how to pick a winner? A wise next step, after the management team passes muster, is to look for exploration upside.
Identifying the opportunity in an undervalued project is where that "sweet spot" of resource investing comes in - purchasing an undervalued stock that is strongly favored to move higher, booking a tidy shareholder profit along the way.
It is with this in mind that we present to you, dear reader, the case for potentially massive upside at Getchell Gold's (CSE:GTCH) Fondaway Canyon project.
Fondaway Canyon includes 136 mining claims covering about 2,220 acres, or 3.5 square miles, on land administered by the US Bureau of Land Management (BLM) in Churchill County, Nevada.
Gold mineralization is spread over 2.89 km (1.8 miles) of east-northeast trending and steeply south dipping structures, developed within fine-grained Triassic carbonaceous siliciclastic sedimentary rocks and Jurassic limestone, cut by tertiary dikes.
The project was extensively drilled between 1980 and 2002; records show 591 holes @ just over 49,000 meters. Surface sampling, underground channel sampling, geological mapping and geophysical surveys have also been done.

Sounds similar to GWMO? I certainly think so....

Looking forward to some serious upside in the SP here as we move closer to an expected RTO.
And yes they will be able to offset those £8M+ tax losses imo which ultimately is what will make this an attractive proposition in which to reverse whatever asset they are hoping to pull off here.
Still high risk as details of any potential RTO are not known but am expecting huge appetite for shares here once we learn of the details of any deal.

Hi chisler am good thanks - was pleasantly surprised when I looked in this afternoon to see where the SP was at! Despite the pullback later on can see no reason why the SP won't be at around 0.3p in coming weeks

Nice start looks like the MMs need shares lol

Maybe we will one day not too far away. Buys today too from the looks of it and I see gold is back over $1,600 again.

That's a good average - hopefully you'll get your 3M for around 0.095 which will bring it down even more