Member Info for NigeCo

Considering the FTSE100 index is down 170pts over the week, ITV were only down 0.90p over the week. Have a good weekend all.

Southend Airport the key to unlocking Stobart's growth potential

I enclose below a quote from this months shares magazine...

"As passenger numbers grow, Stobart is also looking to increase its number of car parking spaces, up from the current number of 220,000, with the land already available to do so."

I think that this number maybe a miss print, I would be very surprised if LSA already had parking spaces for 220,000 vehicles. I would advise shareholders to read this article, its very informative. I would agree with the article, and also think that LSA is the jewel in the STOB crown.

Delay open to most stocks on the LSE.

Dallo,

It was rumoured last week that Liberty was stake building in ITV, it would only take confirmation of this in a RNS, to send the share price north. Hold on to your hats guys.

Agreed Bestintown,

I think all the Brexit uncertainties over the last 3 years have played a large pert in a very weak share price in ITV, and other companies. I think once Brexit is out of the way, I think we may well see a lot of activity in the stock market, with acquisitions for a lot of companies who's valuations have been badly affected with the weak pound. I'm sure that predators will be circling ready to pounce.

Everything has fallen into place for Liberty Global one of ITV's largest shareholders, (9.99%) with their recent asset sale to Vodafone. They're in a very good cash strong position to take advantage of a very weak ITV valuation. I feel ITV are very vulnerable to a takeover bid, that I think the BOD have little defence apart from using the potential of Britbox. Liberty have previously said that they intend focusing on the UK. It's now or never for Liberty / ITV? If Liberty drag their feet much longer, they may well find someone else beats them to it. JMO.

Media giants Viacom and CBS to merge in latest mega-deal

https://www.bbc.co.uk/news/business-49336553

So a potential BT asset sales totaling £2,290 billion, plus £3.50p and a banana.
I bought a banana today from ASDA it cost 17p. "Every little helps," sorry that's Tesco.

Hi Gerry,

I agree with everything that you've said. I'm also not sure as to what effect, if any, the planned strikes will have on Southend airport. But probably worth holding fire for now, or maybe waiting until after we leave the EU, if it ever happens. I guess time will tell.

GL

Nige

I'm hoping to pick more of these up after the Rynair pilot strikes, that are planned for the 22nd and 23rd of August and also the 2nd, 3rd and 4th of September. I'm hoping for a share price of below 110p. 100p would be nice.

BSspotter,

I would say that STV have a very good chance of being taken over, they may go before ITV. JMO.

ITV closed up 3.25p at the high of the day on 11.09 million shares traded, this being average.

At 1623 UK time over in the USA the ITV ADR price was up 1.59% shares traded 25,204K the daily average is 21,715k.
Already above average shares traded over the pond. Let's see what the volume is later tonight at close after a heavy volume reported yesterday. See my earlier post this morning.

Agreed Dallo,
This would explain the heavy volume of ITV ADR's shares traded yesterday, with over 5.3 times average volume traded.
Hold on to your hats guys.

As a big shareholder in BT, DT cannot be happy with the share price, or maybe they are if they do intend making a takeover bid. I think they're probably sitting on their hands waiting for the outcome of Brexit, like a lot of other predators waiting to pounce on other companies that may be takeover targets. I can see a lot activity in the market once we leave the EU.

ITV ADR's closed up 1.85% on heavy volume of shares traded 116,777 average being 21,715. Let's see how we go today in the UK.

Predators circle UK firms as pound plummets amid fears of a no-deal Brexit

https://www.thisismoney.co.uk/money/markets/article-7316085/Predators-circle-UK-firms-pound-plummets-amid-fears-no-deal-Brexit.html

"The new Finance Director Chris Kennedy is an M&A specialist so hopefully,
something is bubbling under the surface."

Agreed Dallo,

It was rumoured in the press at the time of his appointment, that he was brought in for a reason. I think that Brexit is holding everything up. I just hope that the ITV BOD don't sell shareholders short, with any low ball offer. I think that the share price will recover to around 200p given time. (My guess around the time of the next football world cup 2022). I trust management to do the right thing. Time will tell. IMHO.

Hi Supercharger,

Thanks for your reply and link.

Yes I would agree with you that STOB own Southend airport. Although, I think that STOB don't own the land that the airport sits on. This being a lease hold that STOB own, leased from Southend Council. The same can be said of the Train Station. STOB own the station but lease the land from the Council.

I've contacted Stobart Group for some clarification on the situation regarding Southend airport. I'm still waiting on their reply.

I would agree with you regarding STOB being a very good long-term investment.

Good luck. And thanks again.

Nige

Thanks Velo, for taking the time to post the expected Q1 results, it's always interesting in what you post. Cheers.

Can a knowledgeable STOB shareholder answer the following question regarding ownership of Southend airport.
I've contacted Stobart Group for some clarification on the situation regarding Southend airport. I'm still waiting on their reply.

I understood that Stobart Group purchased Southend airport as highlighted below. On further research I came across the second highlighted paragraph below claiming that Southend airport is owned by Southend council.
Do Stobart Group own the airport or do Stobart Group only own the lease hold agreement? If so when does the lease expire?

"The airport was bought on 2 December 2008 by the Stobart Group for £21 million, becoming part of the Stobart Air division of the Stobart Group"

https://en.wikipedia.org/wiki/London_Southend_Airport

"Southend Council owns the freehold of the airport, but it has been leased since 1994 to London Southend Airport Company Limited, which is now a subsidiary of the Stobart Group."

https://www.southend.gov.uk/info/200158/common_projects/493/london_southend_airport

Dallo,

One consolation is that every dividend received brings down the average purchase price. Has long as ITV keep churning out the dividends on offer I shall keep holding on. Advertising is a cyclical business and things will improve over time. JMO.

Liberty to soon receive the wad of cash from the sale of assets to Vodafone. Will Malone come calling? Time will tell. If Malone doesn't make a move soon he never will. JMO.