Upbeat6 Nov 2021 18:23
Hi guys. I've been invested in Eskn for a few months now after hearing about them from an experienced trader colleague. It's been great reading some of the knowledgeable posts here, especially Gerry. I do fluctuate from optimistic to pessimism about the company, but at the moment, I'm upbeat.
My reasons are as follows.
• I love that they aren't a one-trick pony and that they can use the cash cow energy side of the business to support the other potential growth side, the airport.
• London is the busiest airspace in the world and Eskn own an airport in it. Sure the budget airlines are playing it tough with us now, but the reality is that the airlines are also competing ferociously with each other; the one that makes a good deal to use Southend first looks to gain some advantage.
• It looks unlikely that Heathrow's third runway will happen. Again, great news for Eskn/Southend.
• The pent-up travel demand, I believe, will explode next summer. People are well and truly over covid; there are vaccines and the new antiviral pills.
• On top of that, the share price, dare I say it, seems to have found its floor.
Sure, it's not the company it used to be, but it looks to have a tonne going for it.