Share Name Share Symbol Market Type Share ISIN Share Description
Eddie Stobart Logistics Plc LSE:ESL London Ordinary Share GB00BD8QVC95 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 1.31% 7.75 985,569 09:30:47
Bid Price Offer Price High Price Low Price Open Price
7.50 8.00 7.95 7.65 7.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 857.53 -238.94 -61.00 29
Last Trade Time Trade Type Trade Size Trade Price Currency
15:17:03 O 18,939 7.92 GBX

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Date Time Title Posts
17/9/202019:10Eddie Stobart Logistics PLC5,525
24/4/202015:06Eddie Stobart Logistics PLC80

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Eddie Stobart Logistics Daily Update: Eddie Stobart Logistics Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker ESL. The last closing price for Eddie Stobart Logistics was 7.65p.
Eddie Stobart Logistics Plc has a 4 week average price of 7p and a 12 week average price of 6.15p.
The 1 year high share price is 71p while the 1 year low share price is currently 4.55p.
There are currently 379,347,372 shares in issue and the average daily traded volume is 1,020,895 shares. The market capitalisation of Eddie Stobart Logistics Plc is £29,399,421.33.
computercoders: I think the next set of ESL results will likely be transformational and would say minimum share price should be 42p based on my chart
aljm: lol you think this BB is affecting the share price ??? mate that is a good one, just how gullible are you ? you think the Market checks on here to alter the share price ? wow......
bc4: Losing patience in less than 2 weeks! The next update will shift the share price much higher they must be mowed out with work
jimbarlow78: There is no logic selling at this price. The share price is rock bottom and the company could not be busier. They are working day and night, struggling to keep up with demand.
ekuuleus: Ekuuleus - assets don't service debts (unless they're sold and the proceeds used)'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:// [...] 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.
daredevi1: Eddie Stobart Logistics (AIM:ESL) was unsuspended on 26 February on the AIM exchange and we have seen some interesting share price action, first with a substantial fall, but since then some very big one day gains. Eddie Stobart shares were suspended in August following a review of its accounting practices. This led to the departure of its CEO and the suspension of the shares. The company is frequently referred to as ‘troubled̵7; in the financial press and negative sentiment led to an immediate sell off in the stock as soon as the shares came back online. We think this was overdone, but it was a natural reaction given how long the suspension went on for. uditor’s review underway (see issues with accounting mentioned above). Since then DBAY Advisors have injected £70 million (at a valuation of 32p) into Eddie Stobart Logistics prior to the shares being unlocked. This was via one of its funds, DouglasBay Capital III, which bought a 51% stake in Greenwhitestar Acquisitions, which is the holding company for Eddie Stobart. Based in the Isle of Man, DBAY had previously owned Eddie Stobart between 2014 and 2017. There was also a rival bid in the pipeline being put together by Andrew Tinkler, former CEO of Eddie Stobart. His firm, TVFB, had been looking to inject £80 million into Eddie Stobart. Interim results have since been declared which have seen revenues up. Eddie Stobart is expecting to declare a small EBIT loss for the year and management has been keen to reassure investors that it is on top of the accounting issues. The shares have been as low as 4.5p since Eddie Stobart stock started trading again. Shares have since traded as high as 14p. This is already a considerable mark up given the circumstances. There is a good chance at these values that another player will want to buy in if the shares are as cheap as this. But that debt has to be a consideration. At the moment it is facing net liabilities of £60 million. Overall broker consensus is rating Eddie Stobart as a buy, with a target price at over 900%* of where it is now. This may seem crazy to some investors, but this is a company that was trading at almost £1 less than 12 months ago. It can now be had very cheaply. Eddie Stobart certainly seems to attract enthuisiastic buyers at the strategic level, people who know the company’s ins and outs, and are prepared to stump up more cash to keep it running.
daredevi1: Logistics Manager Analysis: Wincanton “disappointed” but “energisedR21; after Eddie Stobart acquisition bid Christopher Walton Tweet about this on TwitterShare on LinkedInShare on FacebookEmail this to someonePrint this pageShare on StumbleUponPin on PinterestShare on Tumblr The chief executive of Wincanton, James Wroath, has told Logistics Manager that the 3PL will not rule out further ‘bolt-on’; acquisitions after investors and shareholders reacted positively to its “disappointing” aborted bid to buy Eddie Stobart Logistics last year. On 23 August 2019 shares in Eddie Stobart were suspended, and just over a week later Wroath began his tenure as chief executive of Wincanton on 2 September 2019. Seven weeks later, on 18 October 2019, it was revealed that Wincanton was assessing the merits of a potential combination. Wincanton pulled its interest on 25 November 2019, citing “financial performance and ongoing liquidity” at Stobart. Indeed, just days after this interview took place the suspension in trading of Eddie Stobart shares was lifted and it revealed it made a statutory loss before tax of £199.8m for the six months-ending 31 May 2019. “Our board always had Eddie Stobart on the radar,” says Wroath. “We are the UK’s largest listed logistics provider and they were not very far behind us. [When the] share price was suspended it felt sensible for us to look properly at what a coming together might look like. “We were very interested in the haulage part of the business. We are a huge dedicated transport service provider with a successful general haulage business, but Eddie Stobart’s is much bigger and we were attracted by the idea of running together, having a large dedicated offering and a large shared user haulage offering.”
ekuuleus: right, got it, basically, ESL had £200m of debt and couldn't pay the creditors (from the prospectus for the dbay proposal). 2017 to 2018 show creditors increasing from £280M to £380M. ESL is a cash shell. DBAY have done a blinder. They now own 51% of the assets and also loaned £55M to Alpha with 18% interest. Genious as ESL owns most of the debt. ESL can safely go bust, but as the assets are now 51% transferred, DBAY can walk away with the assets without any of the liabilities of ESL. Let me repeat that. The assets and liabilities have been separated. The corporate runs off with the asset (well 51%) and the banks et al, get all the debt only a 49% claim on the assets. The 55M loan will also be claiming against all the assets. In any event, pre DBAY, ESL owned 100% of whitegreen star. now only 51%. So, you can half your expectations of any target price based on pre dbay share price.
cardiffian: From the STOB results today: Stobart Group holds an 11.8% investment in Eddie Stobart Logistics. The Company raised GBP53.1million of secured guaranteed exchangeable bonds against its shareholding in Eddie Stobart Logistics in May 2019. There are no changes to the status or term of the bonds. That position was not affected by the decision made by Eddie Stobart Logistics to suspend its dividend and shares, nor is it impacted by a possible change of ownership. Despite recent events, there remains considerable value in the Eddie Stobart brand which continues to be owned by Stobart Group. It then goes on to say: Other financial assets represent the Groups investment in ESL with a fair value at 31 August 2019 of GBP28.6m. Included in the Condensed Consolidated Statement of Comprehensive Income is the loss of GBP16.4m for the six months to 31 August 2019, following a 29.5p reduction in the ESL share price from 100.5p to 71.0p, prior to the suspension in trading of ESL shares. Following this suspension, management have made the judgement that the fair value of this investment is lower than this share price on the date of suspension, so have provided for a further 10% reduction in value. =================================================================================== Fair value of 28.6m as at 31.8.19 for 11.8% investment. If they see a 10% reduction in fair value, I suppose it prudent for me to do the same.
nige co: At what price do we think the ESL share price will open at? On returning to the market. Cheers.
Eddie Stobart Logistics share price data is direct from the London Stock Exchange
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