Esken Share Discussion Threads

[jotoha2] 01/2/2023 17:51

Trying hard to get up .

[captain cadman] 25/1/2023 00:38

Is something (finally) starting to happen?

hxxps://www.echo-news.co.uk/news/23269804.southend-airport-one-busiest-weeks-recorrd/

[jotoha2] 03/1/2023 10:06

Holiday bookings up 60% on same period last year , bodes well here .

[jotoha2] 16/11/2022 16:26

Major holders very much in support mode here ,could be a great update soon .

[blackhorse23] 10/11/2022 15:29

Bought MCL (LSE)

[lpavlou] 09/11/2022 20:31

Ouch. Surprised the share price didn't fall much lower. Borrowing at near enough 12 percent per annum is not going to end well. An airport only has value if there are airlines prepared to use it. 3 easyJet's locations won't cut the mustard. This is going to end up In The hands of Carlyle Group as there wont Be any other takers for the airport. Renewables will be sold to an infrastructure fund. Not sure there will be much left for shareholders.

[gaffer73] 09/11/2022 18:22

Easily 100m, wasn't that long ago it was valued at 700m. The interested party will probably buy the whole airport for the price they were going to pay for part now.

[roddyb] 09/11/2022 10:26

Our board knew nothing about aviation when it bet the farm (our money) on its’ various vanity projects.

They are so shockingly inept, if the bought a cemetery- people would stop dying.

I cannot wait for us to return to core industries and have an undertaking from the Board there will be no more exotic adventures at our expense.

[jotoha2] 09/11/2022 09:14

Looks like the best option , has to be worth at Least £100 million even in todays climate.

[gaffer73] 09/11/2022 07:49

Can see Southend up for sale soon.

[fenners66] 09/11/2022 07:19

Results in short

It got worse.

[lpavlou] 05/11/2022 09:55

Last flight of the year left on Wednesday. Next flight out is 26th March.

[lpavlou] 03/11/2022 21:33

Not long to wait now. If they don't announce any new airline deals next week, then they have lost the Easter trade and will be reliant on the summer to save the business. If RG is invested here, the odds are they have bagged some airlines.

[lpavlou] 22/10/2022 13:20

RG must be confident that there are some airline deals In the offing given he has increased his stake. Thought there would be at least another RNS given the volume this week

[stluke] 19/10/2022 18:46

Savvy investor onboard - RG

[lpavlou] 18/10/2022 20:04

I'd guess it's Carlyle starting the process to take control. Airline news for 23 should be out soon

[jotoha2] 18/10/2022 13:54

Some serious volume of shares being traded in last couple of days , something afoot ?

[stluke] 04/10/2022 10:14

We will find out Thursday what EasyJet's intentions are at Southend for next summer, possible outcomes.

Worst case - Same routes as Summer 2022 less Faro.

Likely case - Same routes as Summer 2022 plus Alicante.

Best case - Based aircraft and more significant expansion of routes such as Alicante, Barcelona, Amsterdam to name a couple.

I wouldn't rule out the best case, positive noises on social media.

[fenners66] 28/9/2022 08:28

Ipavlou - it looks that way

- but the technical point - serving 1.4 million passengers a year across 54 destinations

and it's never made a profit.

Southend is a world away from 1.4m passengers in a location that pays much more....

[lpavlou] 27/9/2022 20:04

Sheffield Doncaster airport is probably a property play. Worth far more as a logistics park than an airport, but they probably need to declare it unviable so as to convince the planning authority to shut it and turn it into logistics.

[jotoha2] 27/9/2022 10:03

I gather wood pellet prices are rising strongly , should help here short term.

[fenners66] 27/9/2022 00:19

From the DM

"Bosses at Doncaster Sheffield Airport have announced it must close at the end of next month after the business was declared 'unviable' - leaving about 800 jobs at risk.

Peel Group, which owns the major UK airport, said high 'fixed costs' and recent world events had left the business with a 'fundamental lack of financial viability'.

Managers at the regional terminal, serving 1.4 million passengers a year across 54 destinations, had been in talks with government officials about a rescue plan.

But a spokesperson for the groups said these hadn't delivered 'any tangible results', and following a strategic review, the business was declared 'unviable'.

Bosses will be 'winding down' their operations as the airport prepares to close at the end of October this year. "


Now you could say that is some competition removed.
Or you could say the airport was still not viable with 1.4m passengers in the low cost area of Doncaster - so what chance does Southend ever have of making a profit ?

[stluke] 23/9/2022 09:15

Little bit of activity this morning, should have some route news anytime now...

[gaffer73] 13/9/2022 10:44

It may still be, 22m EBITDA so should be valued at 100m+. The big value is Southend if they can get flights next year. Remember when it was valued at 700m with the partnership! Seems like a lifetime ago. If they can't secure more flights next year they'll be forced to sell it or hand it over imo.