Member Info for TruthSearcher

@Stocksbof52 - The only embarrassment is your inability to spell embarrassment (not embrassement) correctly and your post of 07:42 this morning when you told everyone incorrectly that lower fuel prices would add millions to ESL's bottom line. If you contact ESL they will tell you that 95% plus of all their road transport activity has fuel mechanisms with their customers that move up and down with the price of diesel so they don't gain or lose, no matter what happens to the price of oil/diesel. So if oil goes to $20 or $100 it does not change their profitability. If you want to ramp stick to using facts as opposed to lies to support your ramping please - as otherwise you will mislead people.

Do I understand it correctly that GS bought in on 26/02 and sold on 27/02 ? Or have they loaned their shares to a shorter ?

@ draft - at 16:00 yesterday you said "Tr1s after hour and gap up tomorrow" - I don't think that happened though ?

@Sam - I it was skill I would be a multi-millionaire lol - I All I can say is things as you know don't go in straight lines and I thought the surge yesterday was too high and it would re-trace. I decided to close as I was in profit and did not expect a drop to 10p today, 11p maybe, but unlikely. For the record I am not now long but would consider going long on a short term basis if we got into lower single digits. If everyone goes long and makes money that's great. I just thing this is a trade and not a long term hold, up or down

LOL - Not because of a sea of blue but because unlike you I have made a profit on ESL in the last 24 hours by going short and a profit is only a profit when it is sitting in cash - which it now is

Closed my short at 12p having opened at 13.96p - gla

Hi OldBee - I am not the most informed on TRX but given their history of placings and given the discussion about re-capitalisation, I do think that as part of a successful fund raising or loan draw down there will be some sort of placing. In
essence they would be best I believe to raise more than required to give themselves the funds that they need, as clearly the sales ramp up will continue at pace and continual placings will dilute confidence. More than that I would not like to say.

My short is showing a positive 20% gain in 24 hours so I seem to be better at trading than long term investing, which is what I was doing when I bought in at 76p

I didn't know you were my new boss Scarlett, apologies for not doing as instructed

HI Ethio - My small short won't make any difference to the fortunes of ESL - I have friends working there and the damage was done by the BoD and Alex Laffey and the previous CFO who left early 2019

I hope ESL recovers but the debt is not serviceable imho - but I know many others have a different point of view. My short won't be open too much longer though

Share consolidation Scarlett ?

I only saw on 26/02/20 "This transaction provided £70m of additional liquidity, putting the Eddie Stobart group on a stable footing and providing a platform from which to develop. " DBAY were putting in £55m and current lenders £20 - I read the £70m as being the nett input to ESL after fees etc - hence why I still think DBAY only put in £55m. If they put in more than they said then they should have issued an RNS saying so as it is a material event.

From the 02/12/19 RNS on ESL and also I think issued by DBAY

ummary of Proposed Transaction

· DBAY will inject £55m into the Eddie Stobart group via payment-in-kind loan notes (the "PIK Notes") and will indirectly acquire a 51% stake in Greenwhitestar. Furthermore, DBAY has also negotiated on behalf of the Company a new revolving credit facility of £20m, which together will provide £75m liquidity to the Eddie Stobart group on day one

Link for full article : https://www.lse.co.uk/rns/ESL/update-on-proposal-dzz9xkdi14cixr8.html

@KJM - thanks for your post and revenue numbers there is clearly value

@Scarlett - you nailed the issues as well - last placing was at 10p and the share price has gone down over 90% since then which is poor performance in anyone's books - the value is here but the cash is not, hence why LTH's are so far down on their investments in TRX - or am I missing something ?

@Sam - well played and good profit and gla with your next picks

@stocksbof52 - can you define liquidity of £106m please ? Do they have that in the bank ?

I have not seen any broker reports on ESL in the last 3 months indicating a value of £1 or more - until I do I remain sceptical of the claim

Mark - I assume all those broker reports were pre-suspension and all the bad news ? Therefore they are no longer valid ! If they are recent then that would be very interesting

The transaction provided £70m but DBAY only put in £55m ! Read all the RNS

@Lockesboy - your post is factually incorrect - DBAY put in a loan of £55m and not £70 and are accruing interest at 18% per annum - also you can't pay down debt from revenue - only from cash generation