Eddie Stobart Logistics Dividends - ESL

Eddie Stobart Logistics Dividends - ESL

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Stock Name Stock Symbol Market Stock Type
Eddie Stobart Logistics Plc ESL London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 15.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
15.50 15.50
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Eddie Stobart Logistics ESL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

solardave: A quick question: ESL have raised £16m; £9m plus an over subscribed £7m fundraise This article from 12/10/20 in the telegraph states: "The owner of trucking business Eddie Stobart has returned to profitability and put an accounting scandal that rocked the business behind it, the company said." https://www.telegraph.co.uk/business/2020/10/12/eddie-stobart-drives-back-towards-profit/ So why is the MCap at £30m?
roks: In the mean time I take it that you are allowed to sell your ESL shares after accepting the offer? I might just do that if I can break even.
mister carpetman: I am expecting my original shares in ESL to transfer to LDG when the name is changed but have not seen confirmation yet
ekuuleus: And love the rns. Dbay already won 51% of the actual profit making part. Esl weighedbdown by debt and it sounds like Ebay wont even lend another £6m. Another stage in the 3 year plan to swipe the companies from esl and leave esl a cash shell owing £300m and no income to support it. If I had s pension with them, I think I'd be transferring out while I can.
edmondj: 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! ;-)
ekuuleus: 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.
sanks: Sheila told me its not hard to find...I'll get it forya Hope this helps Biggest Losers List: ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics ESL Eddie Stobart Logistics
ekuuleus: that is good news. As I said before, there is nothing wrong with the brands, but they are owned by greenwhitestar, and ESL lost 51% of that. I'd say sold, but they didn't. They kind of gave it away and the £55m was not given to ESL, it was given to Alpha so only 49% attributable to ESL. ESL kept all it's debt. Whats worse is that £55M is at 18%, so the FIRST £10M profit goes to DBay. Then after that oh so generous payment, 51% of the remaining profit goes to DBay and 49% to ESL. Even if the brands make £20M in profit, only £4.9 would go to ESL. That doesn't cover the interest on £380M of debt. ESL IS NOT Eddie stobart the brand any more. No corporate will touch this with a barge pole. Wincanton certainly wont. Buying ESL would not get you the trucks. It would get you a huge debt pile though.
ekuuleus: copmutercoders, for sure I don't know what will happen in the future. Only the last paragraph regards the future and that's based on the way they restructured the companies and introduced debt to Marcelos. Everything I have stated is accurate and documented on the ESL website. What is dangerous is you and ammu12 posting mis information:- Such as it was a £1 before. It's not the same company so that's not a valid comparison. That ESL had a cash injection of £70m. No, it didn't. Alpha did and Marcelos has the loan notes. There from DBAY at 18% so DBAY gets £10m a year before any profit split. I'm only responding to the mis information. You can check all this from the prospectus listed on the ESL site and the subsequent RNS's, also on the ESL site. In the short term, I expect this to bounce around as sentiment more important than financials. I'm not tempted at this price. I might take a HIGH RISK punt if it hits 5p, if only to trade sentiment. I'll add a few more observations. DBAY owns 27% of ESL, I'll take the other poster's 32p as accurate. DBAY took 51% of the assets and loaded it with a debt that is preferential to ESL. It doesn't care about making a profit off it's ESL holding. It got the profit it wants from the restructure. It'll keep the 27% not to make a profit, but to control the company. So, and you can ignore this paragraph. DBAY is a shark, it's taken a huge bite out of ESL and has it's teeth sunk in for the rest. What is important to note with this structure is that no company will want to take over ESL. The assets are owned by Greenwhitestar. Taking over ESL wouldn't even give a controlling interest in the assets. In addition, ESL has huge debts, so why would you want to buy a company if you also have to pay it's debts off? Seriously, just step back and think about the new corporate structure. The prospectus has a very nice diagram explaining it.
ekuuleus: Ekuuleus - assets don't service debts (unless they're sold and the proceeds used)...it's the cashflow generated from assets that services debts. You on drugs? A -> C if A -> B -> C? daredevi1 definitely on drugs, although his dealer is Stuart Fieldhouse, so probably spiked. Https://www.thearmchairtrader.com/eddie-stobart-logistics-share-price/ [...] this is a company that was trading at almost £1 less than 12 months ago [...] The thing is, this is not the same company. Before, you were buys a share of a group of well known brands. Now, you are buying a share of half that (49%). It's the sort of article I expect from the motley fool. They wrote something similar for Lloyds bank. Shares before the financial crash were £5, now only 50p. Motley Fool seemed ti think this justified a buy. It doesn't, the share structure had changed. Before the crash, far less shares. In fact, 90p a few years ago was a record market cap. The DBAY structure lent £55m to alpha at an interest of 18%. That means the trading companies pay £10m to DBAY. Any profit after that, 51% goes to dbay and 49% to ESL. Although ESL gets 49% (less than half the profit than before) there is an additonal hit of £10m/year. As far as I can see, none of ESL's debts got paid off. ESL is a cash shell as per rule 15 of the AIM rules. All the assets are owned in Greenwhitestar and ESL only has 49% of that. Basically, the money men came in, took the assets, structured a huge debt on it directly (alpha) but left all the debt in ESL. There will be a few years delay to gain legitimacy - and to prevent any court case, run up the debts in greenwhitestar, raid the pensions of the subsidiary companies, then they will finish off the asset strip and take greenwhitestar. ESL will be finished with no value for shareholders and the debts left with the banks to write off.
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