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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Esken Limited | ESKN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.08 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.08 |
| Industry Sector |
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| INDUSTRIAL TRANSPORTATION |
| Top Posts |
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Posted at 08/3/2024 07:21 by neilyb675 Toscafund Asset Management is a London-based specialist investment firm which is a major investor in Circle Health Ltd.It has assets of £4 billion. The Chief Executive is ex Tiger Management employee, Martin Hughes, nicknamed, according to The Times, the 'Rottweiler'. Dr Savvas P Savouri is the chief economist and a partner in the firm. It was involved in a long argument with Speedy Hire, where it is a major investor, attempting to replace the chairman, Jan Astrand, whom it accuses of “egregious corporate governance failings”. In September 2017, Toscafund Asset Management launched 300 million euro ($359.34 million) private equity fund that focus on small and mid-sized companies. In December 2019, Toscafund purchased 12% of Ted Baker following the decline in the company's share price. In January 2020, Toscafund announced that it owned 11.70% of the Stobart Group, this was subsequently increased to 18.8%. In December 2020, Toscafund announced that it had sealed a takeover of TalkTalk Group which valued TalkTalk at £1.1 billion, taking it private. Toscafund was previously TalkTalk's second largest investor. |
Posted at 23/2/2024 08:00 by neilyb675 In the context of a rescue takeover, a potential bidder may indeed offer a lower price than the highest price paid for the target company’s shares in the preceding 12 months. Although the UK Takeover Code typically requires a mandatory offer in cash at the highest recent share price, flexibility is allowed when a company is facing severe financial difficulties and exploring rescue options. In such cases, the Takeover Panel may grant dispensations from the Code to facilitate rescue operations and allow existing investors to consider a rescue takeover |
Posted at 11/2/2024 12:50 by neilyb675 David Shearer, CGI’s motives are clear: to pick up a potentially valuable London airport at a knockdown price.“We are just at an inflection point when you see the real value of this airport over the next two or three years, and they have concluded ‘Wait a minute, let’s take this airport’,̶ CGI saw an opportunity. The buyout fund manager had previous experience investing in airports, though on a slightly different scale to Southend. CGI is a significant investor in the development of a new terminal at New York’s JFK Airport. The firm, founded by billionaires including David Rubenstein, initially approached Esken in April 2020, Shearer said. By August the following year, CGI agreed to provide a convertible loan of £125mn to the company giving it a nominal valuation of £400mn. Last September, CGI filed a claim in the UK High Court alleging the airport was in breach of the loan agreement. The investment group is now seeking the repayment of nearly £200mn four years early, a figure that includes the original sum lent to Southend as well as the interest due up to maturity. Under the loan agreement, CGI was supposed to approve capital expenditure by the company above a certain level, a person familiar with the terms said. After one outlay, the US investor deemed Esken to be in breach. “There have been many repeated and continuing defaults of the convertible loan agreement by London Southend Airport since 2022,” CGI said. “CGI will take all necessary steps to vigorously defend its investment in light of the defaults that have occurred.” Esken this week announced to the London Stock Exchange that it had investigated CGI’s claims and believed there had been no default. CGI maintains it just wants to get its money back. “CGI has made numerous proposals to Esken and the airport to secure the airport’s long-term future, including up to £32mn of new funding,” the firm said. For Esken, the airport remains the last remnant of an empire that once spanned haulage, energy and infrastructure. The company’s market capitalisation has shrivelled to £4.3mn. Another investment in Carlisle airport has also been battered by the pandemic. It plans to wind down and return money to shareholders after the airports are sold. Shearer said if he was able to do that, then he would look back on the chapter with “a degree of pride”. “My sole objective is to make sure the airport doesn’t close. But if CGI decided to adopt a scorched earth policy, who knows what might happen.” |
Posted at 13/1/2024 14:32 by rupert57 Incidentally, what is the highest price paid in the last 12 months?____________________ 7p at the moment Thank you. I'm assuming it drops pretty quickly the more any potential buyer stalls before crossing 30%; halving then halving again before we know it :-( Meanwhile, news re the potential sale of the airport could come any day, which would presumably put a stop on a major investor bidding for all of the shares (if the share price pops up nicely). |
Posted at 16/6/2023 17:57 by lpavlou A large investor has blinked and sold 27m shares today which is just under 3 percent of the company. |
Posted at 19/10/2022 18:46 by stluke Savvy investor onboard - RG |
Posted at 27/1/2022 21:48 by blackhorse23 All big investors are shareholders this company |
Posted at 17/8/2021 07:21 by garycook 95.1% take up of New shares.17 August 2021 Esken Limited ("Esken", the "Company" or the "Group") Results of Open Offer On 27 and 28 July 2021, the Company announced details of a proposed fully underwritten Firm Placing and Placing and Open Offer (together the "Capital Raise") to raise gross proceeds of GBP55 million. The Company is pleased to announce the results of the Open Offer, which closed for acceptances at 11.00 a.m. on 16 August 2021. The Company has received valid acceptances from Qualifying Shareholders under their basic Open Offer Entitlements in respect of 58,613,958 Open Offer Shares. In addition, the Company has received applications from Qualifying Shareholders under the Excess Application Facility in respect of 16,383,762 Open Offer Shares. Accordingly, a total of 74,997,720 Open Offer Shares have been accepted or applied for under the Open Offer, including the Excess Application Facility, representing 95.1% per cent. of the Open Offer Shares. Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Open Offer Entitlement. The remaining 3,868,045 Open Offer Shares, representing 4.9% per cent. of the Open Offer Shares, will be allocated to the Placees with whom the Open Offer Shares had been conditionally placed under the Placing. These Placees are the same institutions who subscribed for New Shares pursuant to the Firm Placing. The Capital Raise remains conditional on, amongst other things, the approval by the Company's shareholders of the resolutions set out in the Notice of General Meeting contained in the combined prospectus and circular published by the Company on 28 July 2021 (the "Prospectus") at the General Meeting to be held at 11.00 a.m. today. The Company will announce the results of the General Meeting as soon as practicable after the meeting concludes. Capitalised terms not otherwise defined in this announcement have the meanings given to them in the Prospectus, which is available on the Company's website (www.esken.com/inves David Shearer, Executive Chairman of Esken, said today: "It is pleasing to see the level of support which we have received from our existing shareholders in the Open Offer. On behalf of the Board, I would like to express our gratitude to all those who have provided their support. The successful fundraise will give us a sound platform as we emerge from the pandemic." |
Posted at 28/7/2021 21:45 by lpavlou Can't work out where all the volume has come from today. Sone of the investors that bought at 14p have already exited the door at a 30percent profit, but who is buying those shares given daily volume is sub 500k. Tosca are going to have to make an announcement as they must be above 30percent stake now. If you really believe in the company this will be your lowest entry point as all the bad news is out there now |
Posted at 28/7/2021 12:20 by greg the grinch This is a general statement, shareholders get screwed all the time with many companies. It does make me wonder about new investors via a placing - could these include any insider shorters that got wind of the raise and price?IMHO, new investors should be at the back of the queue after all the PI's have had their fill. This is the only lemon in my porfolio. |
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