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ESKN Esken Limited

-0.36 (-18.37%)
30 Nov 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Esken Limited ESKN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.36 -18.37% 1.60 16:27:28
Open Price Low Price High Price Close Price Previous Close
1.80 1.60 1.80 1.60 1.96
more quote information »
Industry Sector

Esken ESKN Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 21/6/2023 07:22 by fenners66
Those results were so bad I couldn't even be bothered to do my usual analysis to weed out the "bad bits".

When I look back some years ago at the dividend that attracted me to look at them in the first place and decided it was not sustainable people on here at the time saying the dividend would be paid until profitability kicked in. I said that profitability was a long way away....
Never going to happen.
Posted at 15/8/2022 10:09 by blackhorse23
MCL looks very attractive with high potential upsides ... mcap 6m , revenues 150m , dividend yields 10%
Posted at 10/8/2022 22:59 by blackhorse23
How come ESKN loss 34.6 m after equity rises last year 55m ?? Sounds no good
Posted at 07/8/2022 21:52 by blackhorse23
ESKN Revenue 100m but mcap 45m ... MCL ( LSE) revenue 150m but mcap 6m ...
Posted at 05/8/2022 10:22 by stockriser
Well it looks like JPMorgan Chase & Co have faith in the Esken, they've just took on over 5% of the Co.

Posted at 14/6/2022 09:42 by blackhorse23
Sold ESKN & bought RBG which making significant profit at current FY & still growing
Posted at 18/2/2022 14:51 by vullrich
following MNZS takeover, ESKN next in inline...
Posted at 31/8/2021 10:26 by peach
Similar to tomtum1, I also bought recently.

My thinking is that is looks like an interesting set up: 1)at 14.5p mkt cap is c£150m ; and underlying NAV looks to be around £380m.
Tosca and Harwood are large shareholders that have recently participated in new issues so appear committed and motivated for realisations. Carlyle put in £120m for a 30% stake on London Southend airport. This released £100m to ESKN to pay down debt which together with the equity raise pretty much clears net debt. But it also points to the value of the airport being at least 280m for ESKN's remaining 70% share. Carlyle will be looking for a lot of upside and probably saw ESKN as a distressed seller here so the £280m should be conservative. The energy division has long term contracts and is returning to normal cashflow of c £20m. ESKN was going to sell this but decided to retain and do the capital raise. Makes sense, as the cashflow is needed to support the airport cash burn in the near term. I have no idea how to value the energy division but have stuck a 5x multiple on the £20m of EBITDA expected this year for a c £100m value. Given long term contracts it could be conservative. There are legacy liabilities (c 31m) taken on from some plane leases etc and some non-core assets (book value c40m) such as Carlisle Lake District airport etc. I'm assuming these broadly net out. Management set out a conservative cashflow forecast looking out a few years and they assume they get to some modest net debt (less than 1xEBITDA on energy division) a few years out. If they are able to sub-lease any of the planes there will be upside to this. So, this looks like 2.5x upside to fairly conservatively valued assets post a corrective equity raising, with motivated shareholders and a strong operator joining the equity of the airport. Interestingly, management noted Carlyle has been involved in more than 50 airport transactions so know their stuff and see an angle here. Also reading the notes on the deal it shows ESKN has drag rights on the airport but Carlyle will only permit it if they get something like a 3x return.... . There are clearly risks here around cash burn while there is a return to travel and how quickly the airport can replace airlines that have ended their slots at the airport. But Carlyle are aware of this and still closed the deal.
Posted at 28/7/2021 11:01 by fenners66
So they just sold the equivalent of 62% of yesterday's company for £55m at 14p a share!

In 2019 they paid a reduced dividend of 9p a share and 18p in the year before that.

So those shareholders who were advocating this as an income stock - that's why I started looking at it, but declined - get royally rogered when the company should never have been paying the high dividends in the first place.

Another damning indictment of management.
Posted at 28/5/2021 11:26 by andyalan10
RNS this morning:-

Sale of Stobart Air taking longer than expected due to change of control consents, still expected to complete on same terms.

And 32.5p is close to a 3 month low. And just suppose other airport's expansion plans get scuppered as being incompatible with CO2 goals.

Tempted to top up for the first time in a long time.


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