Member Info for TruthSearcher

Better buying at 7.98 today than at 13.98 last Monday like Stocksbhof52 advised everyone to do - imho - good luck

All the reports I have read suggest that it will be 9-12 months before a vaccine is widely available in sufficient quantities to protect the general population

@lockesboy - what a load of tosh - those that have held have lost 40% since 03/03 due to false facts and ridiculous forecasts being posted on here - while myself and TF have tried to point out the inconsistencies and real facts. Even last night and this morning posters were saying this would be blue and gold would be up - well guess what those predictions along with all the rest were wrong. I take no pleasure from anyone losing money.

I could have sworn I saw a lot of posts last night talking about a blue start for ESL with the collapse in oil and TR1's imminent - maybe I dreamt it ?

@mcadder - I am TS not TF lol ! On gold you may be right - I saw in the last week we had a massive drop on the markets and the same day the gold priced dropped too, which is unusual and does not happen often, ie it is in the minority - so gold may well rise given the fear levels. On ESL I think the picture is less clear, you have your view and hopefully you are right as you are invested. I am not slating the company, pointing out that given the market carnage expected it might dampen an ESL rise. We will see at 16:30 tomorrow who was right.

@Ammu - I would have expected a rise of 5-10% on ESL tomorrow given the 35-40% drop from Tuesday-Friday last week, but I think every share is going to get hammered tomorrow - maybe ESL won't get hammered, but difficult to see it escaping the market gloom now and rising - given the massive issues with Italy and oil over the weekend.

@mcadder - I think cash for the next month is the best bet ! Rather than investing, even gold may go down in a crisis !

I have emailed ESL Investor Relations and asked them for their view on the impact of oil prices on ESL profitability and will post the response when received. If Brent Crude drops below $35 tomorrow ie more than 20% drop then a fall into the 20's will be on the cards which is unprecedented and will cause absolute havoc financially and with indebted oil companies, not to mention the stock market. The balance sheet weakness of ESL might become a mute point by the end of 2020, there could be bigger problems than that in the economy and society ! Good luck all and I don't just mean with ESL lol

@draft - I believe that until December 2019 the holding company Greenwhitestar Acquisitions was 100#•% ESL - but I have t checked the filing so can’t be certain. DBAY took 51% of Greenwhitestar Acquisitions without making a payment, in return for putting £55m in via the PIK loan with interest accruing but not being paid in cash, at an interest rate of 18% per annum

@draft - I think the position is that the operations are in ESL - ie this company that you are invested in. In this company DBAY have 29.9%. The holding company is Greenwhite Star Acquisitions where ESL has 49% and DBAY 51%.

Thanks Mark, sounds like your company would have serious problems if oil ever went to $120 as there is no protection to recover those costs but maybe if it’s a private company the owners like to take a risk. As a Plc and with the scale of ESL I think it is different but will circulate the response of ESL investor relations

@lockesboy - you are talking about the owner driver scheme, I’m talking about their customer contracts. I will check with investor relations and see what they says and provide their response.

@Ammu -have you heard of the concept of a fuel mechanism/fuel surcharge agreement ? All big trucking companies have them to protect themselves from the volatility of diesel going up and down - but it means as the price goes down so too does their price with the customer - it doesn’t have a negative or positive effect, just a neutral effect.

Mark - you are in the logistics business, I’m sure you can confirm and explain ?

@Truthfactory - lol ! With £70m in the bank untouched, a broker target of 130p post market re-entry, someone buying 50% of ESL last week unnoticed, oil prices plunging which boosts ESL profitability, a £200m untapped credit facility and imminent buy out - interest - I nearly bought back in myself with all my funds for the weekend - then I realised all those posts were lies. I actually hope there is some TR1's coming out - I'm beginning to think they are like the Yeti, often talked about but never seen

@Stocksbof52 - not as funny as anyone who thinks they raised £70m due to an emergency liquidity issue and then put it in the bank and haven't spent any of it.

@faze - I don't care about the price - I'll go with your first answer then where you said they have £70m sitting in the bank - obviously that would mean that there wasn't actually a liquidity issues, as if they haven't spent any of the £70m they raised they didn't need it - when you start using expletives and abuse on others to cover up the fact you are telling lies I feel sorry for you

@faze - I am not a moron - if you are so sure of your facts you must now roughly - give or take £3.5m how much they have left ? And the answer is ?

@faze - so they have not spent a single penny of the £70m raised in December 2019 ?

About 113m shares in ESL and 51% of the holding company - average price in ESL I calculated to be 35p, but could be 32p. The holding company share they acquired for the £55m PIK loan - so yes they want a return - the question is what route will they take to get it and what will be the effect on the other ESL shareholders

@Mark - I am not de-ramping, I said the price would move between 7 and 15p, it is currently at 9p so might be 15p again next week, let's see. And with regards to your post below, I actually agree with all of it, I don't think the suitors will make a bid any time soon as you know, but the market is fragmented and will consolidate and DBAY will engineer a solution to exit - I just don't think that will be quick and I don't know what the effect will be on ESL shareholders

"The bit people who deramp this don’t tell the newcomers is that ESL are basically back under control of the original people who made such a success and floated it at 160 a shares first time round and that as well a others reducing stake I think it was Invesco who increased their stake. They don’t mention the fact that there are also multiple suites to buy the whole business some uk based others from abroad they don’t mention the various parts of the business that could be sold off at a profit to reduce or pay of the debt!"