Member Info for TruthSearcher

@mark - Stobart Group's balance sheet is shot to hell and with airlines down for 3-6 months only their biomass business will keep them afloat, but I don't see how they could deliver a takeover bid that would be acceptable to DBAY. Plus I don't think that is their strategy, otherwise they would have retained more control. With regards to AT, he was interested, as he wanted to do the same with ESL as DBAY, but I don't see the interest for him in taking it over at a price that would be attractive to DBAY because that would leave no upside for him. I think DBAY would look for another float or a trade sale, but given the carnage that is probably a long way off. Having said all that, the price of 5-6p is probably as low as this will go, barring any Debt for Equity shenanigans or Rights Issue, so there should be some moderate upside but difficult to predict when.

Obviously TLW has issues, like many oil companies, but bought in at 7.93p this morning on the basis of being bold when other are fearful - glad to see some longer term holder being bold and holding and wishing you well on a recovery. I have been mainly cash for the last few weeks but buying some shares, some will be traded in and out and some will be long term holds ie RDSB at £10 and a 15% yield.

@faceface and silver - don't appreciate your abusive comments - check the markets this morning and come back and tell me again whether my view was unfounded or not

Well it was looking grim until Fed just cut rates by another 0.5% to almost zero a few minutes - so you may be right silver lol

@bunsen - I bought in at 6.1p and would love to see double figures, but sadly Europe has changed massively since 16:30 Friday and carnage again looks likely so a single digit reduction is probably the best we can expect sadly

TBH I have no idea what will happen to ESL next week, the supermarket demand will be positive, but other flows will be materially down. Over and above that Europe has changed since Friday afternoon - I never thought Germany would close their borders and now they will to Austria, Switzerland and France in part. I can see a situation where all travel and countries shut down for 3-4 weeks in part and I would say there is now a 50/50 chance that markets will be closed for a period of time, otherwise the bots will wreak havoc. When you consider what has happened in the short space of 4 weeks it is truly amazing. GLA

Hopefully ESL will stabilize at this level as I think the European markets have peaked today, might bounce a bit when USA opens but will sell off into the weekend I think - happy to hold ESL though as I am now in profit.

@roharps - most freight between UK and Europe moves by container or trailer as opposed to air so would not make a massive difference - also ESL is a very small player in the cross channel market, so overall this would not be an upside for ESL

So this morning I posted a bolshy post saying no matter how many positive posts ESL would continue to go down with the markets expected to open 5% down. I also said I was staying in cash and would try and trade peaks and troughs. So sadly the initial 5% drop turned into over 10% for the FTSE with ESL down 18% - but I'm not hear to say I was right. In the midst of the carnage this afternoon I plucked up courage to go against the flow and went from 100% cash to 77% cash as I - and I hesitate to use the word invest lol - bought some shares, including a small order in ESL at 6.1p. I don't think the market turmoil is over, but expected some sort of bounce so decided to try and trade from a temporary low . That move of mine looks to be a bad move and premature, given FTSE futures down 1.7%, but maybe there will be a turnaround tomorrow - or maybe I shot my first bolt too soon - time will tell. Anyway for all shares today has been brutal and everyone definitely deserves a respite - gla and thanks Inconceivable for your post and comments

Agree Mark, that’s why the only option for me is to be mainly cash and buy and sell on the peaks and troughs whole overall everything goes lower and then start buying fir the long term again

You mean a character who tells the truth ? If you want to live in fantasy land and avoid facts and truth and watch your value shrink again for an 8th day you should definitely filter me

You can post 1000 messages saying it will rise if you want, but it has declined 7 days in a row and with markets likely to be down 5% today, ESL will decline for an 8th day - that’s the truth and if you don’t like it come back at 16:30 and see what happened

Not really bizarre lol - down 6 days in a row, all be it yesterday only 0.1% down and down again today - maybe that's called a trend ?

So whats your view on the 15% rise in oil in the last 24 hours Stocksbof52 - damaging to profits I take it if the decrease was positive ?

@faze - I asked on your behalf, so very possible you may be right

@Stocksbof52 - I saw Brent crude went up about $5 or 15% since yesterday - will that then have a negative effect on ESL profitability and share price in the same way that when the oil price dropped you said it would tens of millions to the bottom line of ESL ?

I did email Elaine Williams the Company Secretary of ESL on Sunday and sent her a reminder this afternoon, but still no response from ESL on what impact positive/negative/neutral the movement of oil/diesel has on their profitability

Nailed it shipscook !

Interesting, thanks for your detailed and informative post - you seem very literate and full of knowledge but yet new to LSE. There was another poster here called Scarlett who was similar, but all Scarlett's posts have disappeared - I assume you are not Scarlett or connected to Scarlett ?

@dontguveup & sonicboomboy - you raise a good point - In the 02/02/19 RNS it stated:

"DBAY (with its concert parties, including William Stobart) has acquired more shares in the Company, taking its holding in the business to 29.9%, which demonstrates DBAY's strong belief in the business and its prospects"

It might be that the web site figure excludes the "concert parties and William Stobarts" holding mentioned in the RNS - the other concert parties might be the other Directors of Greenwhitestar - or it could be DBAY have sold some shares, although I find that unlikely, as a sale of 11.5 million shares or so to them is not material and would bring bad publicity - so I suspect it could be the former - but there are so many complexities here it is hard to be certain.

That’s a great tip Stocksbof52 - ignore people with alternative views is the best way to increase your knowledge base and intellect - Harvard Business School would fully support your approach I’m sure - oh and keep investing in a share that loses you money every day ignoring others who said it would trade in the range of 7-15p - a great way to lose 40% of your portfolio in a week when you could have traded out st any point - your a star guy