Esken Share Discussion Threads

[scottishfield] 20/5/2021 15:08

And earlier too, I see. Interesting.

[gamwah] 20/5/2021 15:05

Some huge 2000000 buys? just gone through.

[lpavlou] 14/5/2021 20:02

Good volume today and nice pop in the share price Been checking who is operating from the airport. Ryan Air have 9 destinations available whilst Wizz Air only have 1 and EasyJet 0

[lpavlou] 13/5/2021 20:20

Expect them to throw the kitchen sink at it and clear out all the old hidden liabilities.

[m welsh] 13/5/2021 12:56

Just checked last year, release was around 7th June, so still a few weeks to wait. Can't see it will make for good reading though !!

[m welsh] 11/5/2021 12:54

When do they release the end of year results !!

[lpavlou] 10/5/2021 20:41

No volume today, so expect the rise is due to Boris confirming the relaxation next week and a step closer for international flights.

[greg the grinch] 10/5/2021 15:41

Do we finally have liftoff?

[scottishfield] 05/5/2021 16:02

Looks like 2 big 1.7m share buys today. Looking good therefore imo.

[lpavlou] 04/5/2021 19:52

Difficult to know if this cost was in the previous airline disposal RNS or whether this is additional cost

[w1ndjammer] 04/5/2021 13:36

well it looks like the 6,000,000 shares found a new home........

WJ.

[lpavlou] 25/4/2021 14:55

I've tried to work out all the maths behind the transaction with Ettyl. It seems to me that Ettyl will be paying a total of 31m with Esken contributing 59m and still being liable for another 49m post April 23. And that assumes Ettyl survive and make all their payments as planned. It looks like At best Esken will have lost 67m. I'm not sure why they thought they could make any money running an airline when the real airlines can't make any money out of it most years

[dr biotech] 25/4/2021 08:23

Analysts at Canaccord Genuity took a fresh look at aviation and energy company Esken on Tuesday following the group's eagerly anticipated announcement regarding the future of Stobart Air and the Carlisle Lake District Airport.

Canaccord said the move removed "a significant amount" of financial risk and uncertainty, which had weighed on the company for the past 12 months or so, reducing the firm's monthly cash burn to roughly £2.0-2.5m and allowing management to focus on its core operations of Stobart Energy and London Southend Airport, as well as the aviation services business.

"Following today's news, Esken can focus on its near-term priorities of restoring the profitability of Stobart Energy and rebuilding passenger volumes at LSA once flight restrictions are substantially eased," said Canaccord.

"Post Covid-19, we expect LSA's passenger volumes to grow strongly and, combined with its expanding cargo handing business, we believe the airport is well placed to deliver profitable growth and drive shareholder value."

However, the Canadian bank added that due to the impact of the Covid-19 pandemic, and the resulting lack of visibility, its forecasts, target price and recommendation all remained 'under review'.

[lpavlou] 23/4/2021 19:29

Been some decent volume these last few days, without much share price action

[lpavlou] 21/4/2021 21:19

Maybe Mr Market is grateful they didn't lose more money in offloading the airlines. Can't help feeling, the guys buying this business will fail and the problems will come back.

[luddenden7] 20/4/2021 14:36

What a terrible foray for shareholders into a non core industry. The management should be strung over the coals for this gross misallocation of capital. Brady's been completely out of his depth in this company but alas, we'll soon be rid!

[john09] 20/4/2021 13:14

Junk really isnt it lol

[cleverinvester] 20/4/2021 08:24

Not a lot of volume available. I placed a dummy order and noting there.

[john09] 20/4/2021 08:06

I can only assume theres some big decals going on behind the scenes here because the volume is woeful . Interestingly my broker will give me an immediate online price to sell for 300,000 .

[roddyb] 20/4/2021 08:04

Jee-sus!! Talk about exposing the disaster of the Boards vanity in becoming distracted with the airline business! Previous liability of £98m? How is it possible to have lost so much on leasing for such a minor attempt at being an airline? The previous members of the Board must be reminded of their disastrous decision making. I hope the remuneration committee have taken full note of the wheelbarrow loads of cash that have been thrown away?

[hamlette] 19/4/2021 21:25

Some info here in the Irish Independent: www.independent.ie/business/isle-of-mans-ettyl-flies-in-for-stobart-air-40330874.html

[dr biotech] 19/4/2021 20:06

Does Ettyl actually have any money? Formed last year with a sole director.

[lpavlou] 19/4/2021 20:01

Surprised the share price didn't react to the news. Are they giving Carlisle airport away to get rid of the airline business.