Member Info for TruthSearcher

My understanding LTHMike is 29.9% of ESL and 51% of the holding company GreenWhitestar Acquisitions is owned by DBay entities

@Yorkshirelife - DBAY bought their last tranche at 6p to sit just under the 30% threshold where they would have to make a bid for ESL - They took as opposed to buying 51% of the holding company in return for the £55m PIK loan at 18% they put in. They could have made an outright bid but avoided that by trading the liquidity for the holding company stake - they must have a reason right ?

@grafterterry - that was in December 2019 - this is 6th March 2019 and DBAY did not buy 51% of ESL they took 51% of the holding company - you said someone bought 50% of ESL LAST WEEK - which is not true

Who was the buyer who bought 50% of ESL LAST WEEK grafterterry ? I missed that news completely for some reason

@mornington - this is not difficult - read the response again - it's not the article that was pre-suspension, but the broker data they pulled from sharepad

"The figure was taken from Share Pad but unfortunately, we do not have visibility on who the brokers are. It’s likely a legacy from pre-suspension levels but does highlight that there’s been a significant fall in price, which is the point Stuart is trying to make."

TS yes - TF - NO ! Simples ! Or at least it should be

Oh for heavens sake mornington - Truthfactory has never shorted anything - I was the one with the short position - the fact that after a week and five attempts you can't tell the difference between one poster and another with different names says it all lol

@mornington - it was mentioned in an article 2 days ago - no-one can find the broker report and hence I believe the article was incorrect

There was no requirement on AT to sell his stake in ESL, which he only acquired in Q4 2019 as part of his alternative takeover attempt. He sold his stake in Stobart Group in January at about £1.07 raising about £20m - today they are about 80p

https://www.lse.co.uk/news/STOB/former-ceo-of-stobart-group-andrew-tinkler-sells-entire-5-stake-qruwl4uzkjz2j11.html

Rather than hope for an event, let's see if we can invent a time machine to take us back to 08/03/19 which was the 12 month high of 897p - would that be acceptable to everyone ?! GLA

In 9 days from Sutherland's share purchase the share price has gone from 39p to 22p - 43.5% reduction - simply wow and not in a good way - I guess CV is going after the historical customer base and hence the sell off

Hi Gerry, decision in 2020 needed on the brand but did not say when. £3m per annum on-going, £15m one off for UK use or £50m for global ownership. The key will be the clauses in the event of non-renewal and negotiations around temporary short term usage.

Agree the brand does not have value for Stobart Group - but then again DBAY could consider rebranding ESL to save the £3m per annum cost - but that is tricky to do operationally, I suspect they will play hardball with Stobart Group though so again the £15m value may have to be reviewed

Thanks TF - I didn't understand the rationale for Flybe - Southend was a great development but let the others play the airline game was my view. Ironically DBAY probably has more leverage on STOB regarding the brand now with William on their side and STOB being somewhat stressed balance sheet wise as well. What a difference from a few years ago. Really tough on the personal side for all those affected, especially after the Monarch event

@Truthfactory - I know you have had discussions with Gerry on the ESL investment used by STOB to raise cash. Will STOB not have to accrue for the gap between the value of the shares in ESL at the time of the bond arrangement and the average weighted value in the new reality ? It seems to me like they loaned a Picasso which it now turns out might not be worth the value of a true Picasso - or am I far off the mark ? Agree that many companies will struggle for various reasons related to CV

Theosus, yes not bothered about the timing as anything under £1.60 is good unless a disaster happens and not stop loss to worry about. Worst case I can trade out but would prefer to stay for a while until this has news or goes above £2. I just think this fits GS so well, not sure about Bacal's intentions, but he also paid a lot more for his entry. Feel for those that are under here with high averages and hope patience is rewarded to those long term holders

Well, well, well - having gone to cash it looked like the markets were going to rise and as Metro sank I bough back in at 159p. only to see it drop 30 seconds later by 2.5% lol - great timing. This stock confuses me, I see great value for a big overseas company to come in and take overhead and expensive capital out while growing the model. I can't see it going that much lower, but the level of shorts and the interest rate reductions globally won't help propel it either. I guess I am hoping that GS take us out for a drink and a hot date, I think we would put out for them if we got the chance right !? gla

Cracking post Racing_Green - made me laugh like a drain

@Veteran10 - I know my way around accounts but am no accountant - Truthfactory who is absolutely not linked or related to me in any way, is a CA with 30 years experience from his posts and seems very qualified to me@prionace - I'm not bitter and am glad people here could buy in at 4.7-10p and make a profit, no issue at all. I am not a massive shorter and closed because I was in profit. I would not keep a short open for weeks or months. Sorry about your loss on LEK, I traded out the week before there, like the ESL collapse it was unexpected. I get the points you are making. @massiveray - congrats on your SXX trade - great result. I thought about it but decided against it. Well done. @Inconceivable - thanks for your comments and good luck - 20% profit is 20% profit and now banked, well done. @baldbyb220 - sorry you are feeling drained, all the best@Mark - I thought I saw a DRS train with Stobart last week but could have been mistakenI have posted facts and opinions here to create balance with the insane and unfounded ramping that took place when the shares were re-listed. I have not told people to buy or sell - I have made predictions which have been based upon analysis and turned out to be correct. I have no problem with people being positive on a share or ramping it based upon honest facts. But it became apparent that many incorrect facts were being used and instructions given to buy and hold which were dangerous and incorrect - sadly people have lost money this week as a result. I don't think that ESL will be a positive equity story over the next 12 months - but I do think it will survive as a company. Of course I may be wrong and a takeover bid of 30p or more might land next week, but given the state of the business it seems unlikely. I think DBAY stepped in when Greenwhitestar Topco became uncomfortable, although other shareholders like me lol and Woodford were obviously not in the loop and I think it would be interesting to fully understand the links between Greenwhitestar Topco and DBAY if you are investing here for the long term. I won't make any more predictions or clog up the ESL board. I would ask those that have ramped excessively using false information and giving wild predictions which have not been met to consider whether they should change their approach to posting. If you are invested here for the short or the long terms, keep your eyes and ears open and make your own decisions based upon as much factual information as you can obtain and good luck with your trading and investments. Finally @ Stocksbof52, it doesn't matter how many negative posts appear here about ESL, the share price will move based upon market dynamics - so don't blame others and let everyone make their own decisions based upon facts, reasonable assumptions and sound analysis. Good Night, Good Health and Good Returns I wish you all

The SXX tip was a good one but defo 40% gain or 100% loss - can't remember who it was