Eddie Stobart Logistics Share Discussion Threads

[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 07:38

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 19:38

RIDICULOUS THE MONG GOT LIQUIDATED. IT WAS SHORTINT AT 4.5P. HAHAHAH BB8 IN BB8 WE TRUST.

[ekuuleus] 13/10/2020 12:49

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 07:44

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

[ekuuleus] 13/10/2020 05:48

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

[bubloo] 12/10/2020 22:43

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 15:01

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

[edmondj] 12/10/2020 14:09

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.

[deanmatlazin] 12/10/2020 10:56

65p before it was suspended and crashed. With EBITDA £33 in November, let us see how quick it goes back to that level.

[nemesis6] 12/10/2020 10:52

lot of false dawns here

[nemesis6] 12/10/2020 10:52

shock and disbelief its started moving DL

[deanmatlazin] 12/10/2020 10:44

Look like 20p is the next stop

[roks] 12/10/2020 10:31

so eddie the 3legged dog it walking....might get my money back.

[davidlloyd] 12/10/2020 10:29

Surprisingly quiet here all things considered..... DL

[justtrying1] 12/10/2020 08:52

Dnt get spiked

[deanmatlazin] 12/10/2020 08:43

New business wins in the UK with Wm Morrison, Hillebrand, McBride and in our EU business with Nike and Amazon New business with Amazon :)