Eddie Stobart Logistics Share Discussion Threads

[epiwarley] 10/11/2020 17:00

What a nice thought. We can live in hope!

[spaceparallax] 10/11/2020 17:00

I'm still not holding here but am pleased that things seem to be showing a ray of recovery recently.

[yus777] 10/11/2020 16:50

huge 989,000 buy paid well over ask next target 17p

[scoble2] 10/11/2020 15:52

Huge buying what is the reason?

[scoble2] 10/11/2020 11:26

SOMEONE CAN BID THIS COMPANY FOR 15P AND I THINK SOMETHING GOING ON !!

[davidlloyd] 10/11/2020 10:51

Quiet here considering share price movement....
DL

[dkit666] 06/11/2020 20:40

Amazed its blue today

[albert3591] 02/11/2020 15:13

38 drivers walked out of the Morrison’s sittingbourne site recently, driver gives stobarts a year before they are kicked out.

[jimbarlow78] 30/10/2020 09:03

Bought back in yesterday with the same mindset

[spaceparallax] 29/10/2020 16:52

I've never held this share but have kept an eye out since the plunge. I'm rather surprised that the upbeat trading update of mid-October hasn't yielded a better bounce. ESL is doubtless suffering in these difficult times, like many others, but the TS seemed to offer genuine optimism rather than just mealy mouthed words.

[edmondj] 14/10/2020 08:38

Ekuuleus12 Oct '20 - 19:03 - 5571 of 5578

Thanks edmondj. Quite right regarding the DBAY loan.

I would disagree with this though:-
"Easy to assume ESL 'problems are over' from releases like today's."

The RNS was totally explicit that the results were for Whitegreenstar and not ESL.

*

Indeed, just that (enough) traders may be inclined to take their cue for ESL even though the announcement is Whitegreenstar. Maybe helps explain the spike then drop.

Agree with your summation in 5576!

;-)

[big brother8] 13/10/2020 20:38

RIDICULOUS THE MONG GOT LIQUIDATED. IT WAS SHORTINT AT 4.5P. HAHAHAH


BB8
IN BB8 WE TRUST.

[ekuuleus] 13/10/2020 13:49

roks, I suggest, but up to you, you read the documents provided by ESL regarding the restructure. I've previously posted links on this thread.

Also, look up all the companies involved in ESL and the subsidiaries on companies house. it's really quite interesting how Places like Isle of Man and other jurisdictions pop up. Lovely corporate structure.

I'm keeping an eye on this. The results were an improvement, but it is not enough for ESL to make a profit. Yesterday's bounce was overdone purely on the technical side, but what I couldn't read is how quick sanity would resume. For the short term yesterday to today was a missed shorting opportunity.

I'm keeping an eye on these. There is too much debt. The enterprise value (EV) here is quite high and possibly not survivable.

The real test is whether there is a profit in ESL after paying the interest off. If there is, I could see this share start to rise. Very high risk share though and good chance of zero, or if lucky, Sirius mining style rescue for 0.5p a share.

[roks] 13/10/2020 08:44

should have cut my losses yesterday...going back to the bottom draw

[ekuuleus] 13/10/2020 06:48

It seems likely to me that the payment from whitegreenstar wont cover the interest charges for ESL.

[bubloo] 12/10/2020 23:43

241 million debt
don't get trapped by price rice
something not right with results. please see their previous announcement.something does not add up

[jayminpatel1] 12/10/2020 16:01

Dnt expect this to keep rising there are many trapped in here looking to dump

[edmondj] 12/10/2020 15:09

Quite what is the status of the DBAY £10 million rescue loan which entitles ESL them to 18% interest i.e. £10 million a year - or so it appeared in February.

Vague talk about paying down senior debt at interims: "The Eddie Stobart trading entities have continued to deliver excellent service to its customers and since the start of the HY20 period, despite the difficult environment due to Covid-19, have won a substantial new contract with Morrisons, begun to repay senior debt, acquired the Eddie Stobart brand, made progress in reducing warehouse space, and exited underperforming contracts."

Easy to assume ESL 'problems are over' from releases like today's.