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ESKN Esken Limited

0.08
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Esken Limited LSE:ESKN London Ordinary Share GB00B03HDJ73 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.08 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trucking, Except Local 120.68M -25.24M -0.0247 -0.03 816.59k
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.08 GBX

Esken (ESKN) Latest News

Esken (ESKN) Discussions and Chat

Esken Forums and Chat

Date Time Title Posts
02/4/202409:42Esken 2021 799
06/8/202119:00Esken Limited (Formerly Stobart Group)6

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Posted at 25/4/2024 09:20 by Esken Daily Update
Esken Limited is listed in the Trucking, Except Local sector of the London Stock Exchange with ticker ESKN. The last closing price for Esken was 0.08p.
Esken currently has 1,020,735,977 shares in issue. The market capitalisation of Esken is £816,589.
Esken has a price to earnings ratio (PE ratio) of -0.03.
This morning ESKN shares opened at -
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 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 09:18 by neilyb675
At the current share price my thoughts are it is better to hold till the very end to see what negligible actually results in, versus pretty much nothing at the now price.

If a total write off then that has some use in tax return to offset against CGT gains.

The comms have been strange to put it mildly.

Robust case, no default.

Extension, negotiation continues.

Decided to accede, negligible value left, months to finally resolve.

I'm not selling nor buying. Will use to offset in tax return.
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 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 19/2/2024 16:22 by nige co
Its a crying shame what's happened to this company. I was a shareholder briefly quite few years ago under the name Stobart, I sold my shares at a small profit around 109p. Looking at today's current share price at 0.20p down 50% today. The reason for my investment was the airport. I've not followed it since I sold out. What a car crash. Sorry for shareholders who still own this once great company.
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 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).
Esken share price data is direct from the London Stock Exchange

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