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Maybe Toscafund are going to step in as they already own close on 28% whereas Cyrus who are supporting Carlyle group only hold 5%. I have a feeling some of the other big players will also not want to see their existing share of the company diminish either. I have still have a feeling Carlyle might be paid off and the weight of their pressure is then gone! It would be good to have an update very soon to keep shareholders informed of what is happening.

Press are anticipating another offer coming in and also JD even without an offer have been put on a time frame. They also talk about the main mistake Curry's made was to close down a number of Airport shops I wonder if Elliot (Waterstones) have these already in place to link up on sales? They also talk about Amazon being its main rival so I wonder of they may come in here to join the party? Interesting. These share were well over £1.56 (April 21) so a long way to go yet for me to get excited. GLA.

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Esken also said their lawyers feel they have a very robust position as far as the convertible loan terms are concerned. Well perhaps they can keep shareholders advised of how this advice is going considering they have issued a direction they feel we should take. It looks to me as if Shareholders have had previously in defence statements a lot to look forward to. However would like to be kept updated.

To be honest I do not blame Southend Airport talking with Carlyle at all as this will bring about a positive outcome for a take over of the Airport and a longer term future for prosperity and growth. The main Jewel in the crown is Southend Airport as opposed to Carlisle Airport that Esken also own. We have seen Esken Management sell the Bio-Mass side of the Company and then invest a large amount back into the Esken Management own pension scheme. Perhaps a Judge will look at this as well as the prime Jewel actually having sympathy for existing Shareholders who feel to be honest any new deal has to be fair to existing shareholders who own an asset that has been cast to one side. A judge might also feel that the Esken Management have already had their share. Who knows but one thing is for sure if any good news comes out this share price will rocket from where it is currently. GLA. as we should get some more news very soon but any offer from Carlyle has to be reasonable and fair to satisfy the courts, same goes for Esken who should be putting shareholders first! If not I can see other events taking place later from disgruntled Shareholders who can come out with more if a Court looks at the whole picture? DYOR.

Rumours abound in local press that Ryan Air may make a return to Southend Airport and they will serve flights to Italy as they had done before? Time will tell. We should hear some more news very soon I am sure. However I am starting to feel shareholders can benefit who manages the airport as the CEO of Southend appears to be very confident.

Yes but following the article on Southend Airport in the Southend Echo they have said this :-

But the airport has also hinted at additional "exciting" route announcements "very soon".

The announcement comes as the airport looks to a "thriving" future following its decision to enter into a recapitalisation agreement with Carlyle Group and Cyrus Capital Partners.

This move enables London Southend to "close the chapter" with its current owner, Esken, paving the way for future growth and investment.

Even when a purchase order goes through you will see above at 4.17 this was actually a buy. The market indicator is obviously confused with the volatility, but the Uncrossed trade has indicated the current price with a late trade adding to the purchase orders.

John Upton's comments have helped where he thinks the Carlyle approach is actually good for the airport to give some long term security, and even if Eskens share is less or at 50% then it will still benefit shareholders in a fair world I suppose at todays low,low price, for such a potential future asset. DYOR,GLA.

Just been into my broker a/c and can see some interesting things going on here. Sharecast have issue a summary of goings on where John Upton the CEO of Southend Airport has actually said the proposal is a good thing for the Airport, and my own broker is quoting that M&G are one of the holders of shares now in Esken which I did not know. Now they are no mugs, whilst Tosca fund have been building a larger stake. Interesting perhaps the events are becoming more positive even if Esken own 50% it might mean with expansion this share price will still benefit.

Slift -yes Carlyle see an opportunity but Esken tell us this is a proposal shame they could not come up trumps with an alternative, however all is not lost as we have some very big players on board who will not want to lose their share or control.

However I can see both sides and if Carlyle do succeed shareholders here in time might in fact benefit as they also control a major N.Y. Airport and one could see a link between the two which might be a master stroke, taking over capacity away from the likes of Gatwick and Heathrow.

I finding this interesting and will wait until this thing plays out and we should see more announcements and hopeful alternatives very soon to consider.

This could be moving up soon, as Lloyd's reports customers deposits increasing, debts reducing, no doubt due to higher wages combating the reducing inflation figs. More people have spare money in their pockets according to the bank. FTSE Appears to be reacting positively to the news which should start filtering down to Uk companies (about time!) GLA, DYOR.

Agreed actually Tosca Fund are currently the largest shareholders and their stake has frown to over 29% they could easily now go over 50% and take the fight to Carlyle. They also have some very experienced Fund and Asset Managers from backgrounds ranging from JPM to UBS and others and are also known for their own aggressive actions. Carlyle might have a fight on their hands. This share is currently up 29%. For cashflow the position is getting better everyday as more airlines chose London Southend for their new routes. Just take a look at the Southend airport web. currently on offer flights to Milan starting in a few days.

I would like to think the largest shareholders will be pushing Esken to protect their asset. The usual way for American Comps is to hit hard at first and then settle somewhere in the middle. i.e. High Ball/Low ball scenario, etc of negotiation. However as has been said if the UK Lawyers are so confident that Carlyles Lawyers are wrong then they should be giving a very hard response and disputing this. I would like to think a Company running at International Airport such as Southend will also have good Insurers who will also have good lawyers. In Insurance as said before the way forward is to approach the court and ask for a legal "standstill" which gives more time to discuss and consider under less pressure where all parties might be able to come to an out of court decision. If Carlyle were in the states and are wrong no doubt punitive damages might be due to Esken-who knows which way this could go. However the courts would need to give a fair and balanced view on a business recovering post pandemic so I will hang around here and wait for developments. DYOR but to me it is not worth selling any shares anyway but might be worth buying some more when we have some positive (if) news. I am quietly confident but may be wrong no one gets it right every time but I do have a feeling this could turn out alright in the end, even for small holdings such as I have.

Maybe Schroders, Royal London, Hargreaves, & HSBC and others may have something to say? Let's face it after the $30 Billion results release for the year from HSBC they could cough up the £200m to pay off Carlyle in their sleep.

As I say we have not heard that Esken will even accept the Carlyle proposal in anycase and they have said all along they disagree with the Carlyle findings, especially at this time where the Airport is expanding its operations into and across Europe's major cities and therefore its income is growing post pandemic-they just need more time!

The Carlyle deal is not done yet, and I am pretty sure the likes of the major existing shareholders where they are some big names invested will want a recovery in what they have paid, etc. Maybe the likes therefore of Schroders and Royal London, etc and others who own shares will come in with an alternative proposal to look after their own as well as existing shareholders interests? Regret I am just a small holder (otherwise to me) looking at the potential this is a snip!

See a rescue afoot from the UK Gov, or from someone like Prudential Or Phoenix where £200 m to repay Carlyle Group is small beer. Otherwise I can see existing shareholders will be asking for the Esk management to explain themselves as they have not been offered the protection they should have. Or an existing shareholder might take up the reins? There are still some very large investors behind Esken going back to the Stobart days who deserve more loyalty rather than a quick fire fix. Courts would also provide more time too so how about a standstill to protect shareholders rights!

See a bidding war coming for this stock as well as a few more in the market that look so cheap at the moment. The timing for the USA comps couldn't be better with the fed likely to lower interest rates soon, and so now is an opportunity.

I have owned these for some time and have been waiting on this sort of thing for not only Curry's but for other Uk stocks too. I also hold others that on the face if it look just too cheap where earnings have recently turned for the better. GLA.

Last RNS -shows Aberforth buying for Nortrust an increased stake build to a 10% position. Much more and they will have to notify of an interest? Could be interesting sammacleod and worth pointing out. GLA

Offer on flights by AeroItalia from Southend to Milan now being offered at a Discount for 5 days. Worth a read!

www.londonsouthendairport.com/news/20-off-flights-from-london-southend-airport-in-limited-sale/

Seems like the Airport is still operating as normal in fact is expanding! Interesting! Hopefully the management will come back very soon with an update on the political scene with Carlyle.

For the Esken 2nd Airport at Carlisle I am not sure of any terms of any loan agreements for Southend, and so I would suggest the word Possible sums this one up. Certainly any Airport one would think it is worth more than the figs suggested, especially as they now seem to have a large infrastructure fund willing to help it expand, etc.

We should be getting another update on Southend soon too, as no doubt the Lawyers and possibly even the Court has been busy. I would suggest whilst the terms are being digested that the COurt will decide on a "standstill being put in place" to enable the Court more time to see if the claim against Esken from an American fund is justified. Presume Uk courts have jurisdiction then the terms of the agreement have to satisfy reasonableness, fairness, without unfair contract terms and be balanced! GLA as even a Standstill will show Esken do have some defence.

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London Southend investors link is at :- www.londonsouthendairport.com/corporate/media-centre/

To me the value is in the Airport at Southend but they also still own that at Carlyle which was proposed to the Govt. recently as a Freeport to help serve Ireland.

The truth is Southend Airport is still being regularly used with expansion in flights and the best way to keep up to date with this is the separate web for Southend mentioned above. Where most recently they have expanded to Denmark/Italy/Spain/France/Switzerland/Holland ..... so they now serve multiple locations in Europe, and have more than one Airline operating. Risk here yes but if/when the news with Carlyle Group turns positive this thing will rocket. Not much to buy a few just to wait and see! Time will see but there is no gain without risk. DYOR/ GLA.