RE: Watch this recover back to 30p26 Feb 2020 18:39
@Truthfactory - good reminder for those that will listen. Like you said it was like the Wild West here today, both on the board and on the share price lol Never rated Alex Laffey that highly but shocked at the truth that has evolved since last summer
@MrG - actually I have sold here today - you might be right about the floods but as Wynnstay have a big presence in Wales/Shropshire I am worried about general business disruption due to the severity of the floods and was worried about a mind the gap rns profit warning - plus with the CV situation I have converted quite a lot to cash on the bounce in the wider market this afternoon, while we try and determine if we are are all about to get wiped out by CV lol - but hey it’s just me being cautious
RE: Watch this recover back to 30p26 Feb 2020 17:20
@Yorkminster - I’ve got my school shorts and dunces cap on standby for tomorrow in case this goes to 30p - hope you have yours on standby too in case you lose 20% of your 11.75p by close of play tomorrow ?! See you here in 24 hours !
@Rockie - know how you feel - highlight of my day was selling my ESL holding - bought at 76p resumed trading st 6p and dropped to 4.7p - sold at 12p !! Not too sure if that is a result or not lol !! Fortunately made some back here - many thanks to danawinner for making me aware of TXP !
RE: Its not going under but priced as though26 Feb 2020 17:08
No LB28 - I don’t get it at all - I said ESL didn’t own the brand, you said I was an idiot, I proved Stobart Group owned the brand and you fired off more expletives to cover your embarrassment - so no, o don’t get it at all lol
RE: Its not going under but priced as though26 Feb 2020 16:56
@LB28 - obviously you cared who owned the brand as you took time to post and contradict me and call me names, Stobart Group cares because I think they value it at over £15m and it must be embarrassing for you to write such posts but I guess that’s for you to figure out in a dark room
RE: Its not going under but priced as though26 Feb 2020 16:49
@LB28 - where did I say it would stay at 6p ?! Can I have an apology from you for being called a fecking ****** for saying the brand was owned by someone else !? I assume you have now checked the Stobart Group RNS to confirm it’s not me who is the fecking **** ?!
RE: Its not going under but priced as though26 Feb 2020 16:44
@Sam - good luck and hope you get a good profit - I’ve been travelling all day - couldn’t believe it went sub 5p and thought I’d leave it as not much left over for me with my 76p average lol - couldn’t believe it went north of 10p - would have probably averaged down a bit at 5p if I had had the time - but can’t grumble - genuinely wish you and anyone buying here the best
@ Private_Investor - no chance of them being reunited - William Stobart is with DBay who have a PIK loan to ESL of 18 per cent !! So I think when that is called in - all be it not for a few years - DBay will own the lot and before that there will be a fund raising as stated in the ESL RNS this morning. Stobart Group went down the airport route - but they have a lot of debt too and CV going to impact their 2020 results I suspect
RE: Its not going under but priced as though26 Feb 2020 16:29
@Earthling - because the people who show up today were not here over the last 7 months - unlike me - check my post history - and I thought an alternative view to the lunacy of 30p tomorrow night be of interest to some
RE: Its not going under but priced as though26 Feb 2020 16:24
@Truthfactory - Rather than call my statement an appalling lie, got to Stobart Group and check their RNS from this morning, which just confirms what I have said and have known since ESL was floated - then you can call them a liar as well lol and you can sue both of us
RE: Its not going under but priced as though26 Feb 2020 16:21
@dusterhater - I posted within about 15 mins of selling - listen this might rise on euphoria for a bit longer but the big boys disposed at 6p due to the balance sheet and profitability issues - glad whether you buy or sell
RE: Its not going under but priced as though26 Feb 2020 16:15
@Sam lol I just sold at 12p - my average was 76p - I know how DBay operate - I won’t be buying in again as the equity is worthless imho and the brand name is owned by another company ie Stobart Group - full your boots and don’t say you were not warned
RE: Its not going under but priced as though26 Feb 2020 16:06
Shareholders will be wiped out - DBay own 49% and control the company via the PIK loan - private shareholders will get wiped out imho over the next 12 months via dilution and debt. The big boys sold off book while suspended at 6p lol - will eat humble pie if it goes to 20p - otherwise see you here next week at 7p
Agree with you Zahid, don’t think they will go under but shareholders will get wiped out. I was a long term holder and sold out at 12p - this will be back at 7p by next week - great for those that bought in this morning but the party is over I think.
Thanks Woodstock - totally agree, I expected the crash over the last 4 weeks and it all kept going like a train - until yesterday. Despite the initial bounce early today all back down. Will be reviewing tomorrow and consider going all cash other than a few long term defensive plays like this one. Let’s see how things develop but a certain degree of caution is definitely called for.
Hi Woodstock, Thanks for that, I thought it was still under debate, but then again I might have missed something. It's poor performance from the BOD in my view to have visibility of a 6-9 month cash pinch point and still not have something raised 8 weeks before D-Day, particularly given the cash they have raised over the last 5 years, which may of course be one of the issues. Agree once the funding is sorted there will be a re-rate and my approach was exactly as you suggested, have put in an initial amount and have two further tranches planned . Let's hope we have clarity and no/not too much dilution in the near future.