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ESKN Esken Limited

0.08
0.00 (0.00%)
24 Apr 2024 - 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
0.00 0.00% 0.08 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.08 0.08
more quote information »
Industry Sector
INDUSTRIAL TRANSPORTATION

Esken ESKN Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
13/03/2019FinalGBP0.0320/06/201921/06/201931/07/2019

Top Dividend Posts

Top Posts
Posted at 08/3/2024 07:23 by neilyb675
to update the above, TOSCA actualy own ......29.753872% as notified on 12th Jan 2024.

An odd move ???
Posted at 07/3/2024 08:46 by neilyb675
Agreed.

I think there could be a twist to this story. Notice the large sell yesterday. TR1s are likely....which might see something happen.

Also the process taking several months and a managed wind down.

Even in a fire sale environment the rest of the non core assets will fetch say 3 million.

Current mcap is plain wrong by a long distance.

Those non core assets still exist and are owned by ESKN.
Posted at 06/3/2024 08:46 by rupert57
"The Company has agreed to accede to that recapitalisation proposal in relation to LSA. This will therefore proceed on a consensual basis, rather than through a contested court process, which could be potentially destructive for all stakeholders."

Yet the return to ESKN shareholders will now be "Negligible", so why didn't they contest what they said was a bogus accusation anyway? If Cyrus then ended up with less, what do we care, and it might have persuaded them to withdraw the accusation before it went to court.
Posted at 11/2/2024 13:03 by fenners66
Neily are you crying for the directors ? Or current shareholders perhaps?

You may think that CGI are acting in bad faith - but it was the Esken directors that went to them in the first place.
They got themselves into this mess and if they get taken advantage of - this is what history warns us will happen if you let it.

I started my interest in this share many years ago when I looked at the high dividend yield and discovered it was uncoverered so swerved it.
I was told on here that the dividend would be paid out of the cumulative cash from the haulage sale and that would cover until it was paid from profitability.
I said that there was many a slip between cup and lip and that profitability was a long way away.
Meanwhile any BOD willing to give away all of the cash until then were not the right BOD.
So it has proven.
Then I warned about debt holders - as I always refer to Mike Ashley and DEBS, he bought the shares instead of the debt and lost a £100m and learned from the mistake.

Not surprised the debt holders are leveraging and looking to take the assets here - why wouldn't they ?
They are a business with owners , not a charity.
Since they probably have more cash and can afford a long legal fight - they will likely win...

Another lesson learned ?
Posted at 05/2/2024 13:23 by neilyb675
Of most interest to me is the line about ESKN making a proposal to CGI. They state: "Esken will be submitting a proposal to CGI with a view to reaching a negotiated settlement of the claims and thus a lifting of the claimed acceleration and demand for early repayment."

So, CGI put a 16th Feb deadline in place for settlement, so I would expect the proposal from ESKN to be put to CGI either now or very shortly. Expect a further RNS this week or early next. This is on a knife edge, pretty much binary bet. Win big, lose big from this price.
Posted at 05/2/2024 10:11 by neilyb675
Sell 100000 ESKN - ESKEN LIMITED ORD GBP0.10 at a price of 0.5075p

Buy 100000 ESKN - ESKEN LIMITED ORD GBP0.10 at a price of 0.504p

Backwardation
Posted at 26/1/2024 15:37 by neilyb675
from Stalin_ESQ on LSE:

"I personally think this is an opportunistic attempted asset grab by CGI. They have tried their luck with "purported" or "technical" breach claims. I would like to see a strongly worded rebuttal from ESKN have now had some time to chew the fat with their legal team. Alternatively if some of the muted CGI proposals are worthy of notification, then lets be hearing them. Do CGI want to be owner, part owner or what ? Also what are TOSCAs intentions / feelings with regards to the future of LSA / ESKN. Very very intriguing and I do not believe for one second all is lost."
Posted at 24/1/2024 13:02 by neilyb675
So why fo you think the largest, by some msrgin, shareholder TOSCA increases their substantial holding in ESKN on the 12th Jan.
Posted at 23/1/2024 07:17 by jotoha2
If CGI get his Lordship to agree with them then its finished for ESKN , fire sale will kill it stone dead , clearly some people have not been straight here .
Posted at 21/6/2023 08:22 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.

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