Stobart Group Ld Share Discussion Threads

[y1phr1] 24/11/2020 16:56

Be nice to touch 30p tomorrow

[thomasearnshaw] 24/11/2020 15:09

Rishi Sunak's National Infrastructure Strategy for £100 billion of long-term investment will be revealed on Wednesday. Will help STOB

[luddenden7] 24/11/2020 14:56

this is what i like about this stock, +18% on the day and minimal BB chatter, not very widely owned by the retail masses

[john09] 24/11/2020 13:37

Looks well timed eh

[john09] 24/11/2020 13:12

I think despite the Recent gains this has still been a little left behind

500,000 for me just now

[nesquikme] 24/11/2020 12:59

Airport mmmm

[nick rubens] 24/11/2020 11:40

This is one of a few Covid hit stocks that hasn't doubled yet from lows just on relief in anticipation of better days one year ahead.

[y1phr1] 23/11/2020 16:36

Up I hope.

[grabster] 23/11/2020 13:50

The share price decline was already accelerating before the Covid story - and even after this past fortnight's gentle upkick, it shows no sign of getting back above the low that Covid took it down to. So where next?

[luddenden7] 16/11/2020 08:55

i agree totally, one can only hope this is a thing of the past and the new major stakeholders, Tosca particularly, stand for none of this in future. At least management now have their own skin in the game too

[fenners66] 16/11/2020 08:52

I understand the maths and the point of saying that from here they don't have to still write it off - not to say there cannot be more cost to come....


But its the lack of accountability , not just here but loads of quoted companies.
If this was privately owned would the management be still in situ when they have lost such fortunes?
Because it's listed and the "owners" don't actively get involved - reminding the world that you already blew a fortune gets ignored !

Worse they can actually hint at we can't lose any money on this ..... because we lost it all already !

Taking the p*ss

[luddenden7] 16/11/2020 08:30

fenners6616 Nov '20 - 08:28 - 2290 of 2291

They made reference to Stobart Air being written down to zero - As a Good thing !

- It all depends on your price point? market today implying this is already discounted in the price -

[luddenden7] 16/11/2020 08:28

Im not sure if this is a surprise? Why would Aer Lingus renew a franchise agreement to a subsidiary of a parent company, knowing full well the parent company is in the process of selling the subsidiary?

Market appearing to clearly overlook this ...

[gaffer73] 16/11/2020 07:26

You forgot to post this bit:'Warwick Brady, CEO of Stobart Group, said: "The Group remains in positive discussions with a number of interested parties and continues to target an exit from Stobart Air before the end of the current financial year."'

[fenners66] 16/11/2020 07:11

"Whilst a disappointing decision by Aer Lingus, we believe that"....
....we could find someone else interested in the White Elephant.......

"Stobart Group can exercise its right to an early break clause for the lease agreement of eight ATR aircraft in April 2023 at a cost to the Group of $21.2m (plus finance and maintenance costs)"

So they cannot sell it with an ongoing contract and they cannot get the planes out of the contract without further cost .....

and they think someone else may still want the planes ?

[luddenden7] 13/11/2020 16:04

Tosca believe this is worth £1 a share if management enacts the proposals they have put through to the board. Stobart Air and Biomass sales are two key catalysts to getting there partially. Realising the inherent value in the airport is the next step.

[gaffer73] 13/11/2020 14:11

Still way higher than these prices, approximately 3x if you completly account for the debt.

[red army] 13/11/2020 12:50

gaffer valuation is one thing but you need to offset the debt.

[y1phr1] 13/11/2020 11:21

Rising nicely a bit of news coming maybe

[lpavlou] 11/11/2020 21:08

Don't expect much to happen until the Spring. I don't see them selling the biomass division until end 21, in order to let revenues recover. By then, they should be out of everything apart from Southend. Southend will eventually be sold too. Even with vaccines, this is still too risky for me. They need to Work on attractions g additional flights for the summer

[gaffer73] 11/11/2020 19:00

Yeah, to be expected with a 50% rise. There's a long way to go before revenue returns so trader's will come and go.

[y1phr1] 11/11/2020 17:45

Profit taking today I suppose.

[gaffer73] 11/11/2020 14:29

Southend Airport valued at 700m not long ago. If they survive until spring this could easily be over 100p in a years time.

[luddenden7] 11/11/2020 10:12

fenners,

I have, atrocious in some respects but as i said, there are core and non-core assets. It's quite evident where the bleed in the company comes from today and has come from in the past, Stobart air/Flybe. But that also overlooks the profitability and high barriers to entry of the energy business and secular growth story of the airport.

You have to give the management the benefit of doubt if you hold equity today, they are transitioning this company into a profitable one with one primary core asset, that being Southend airport. If they fail they will be out, Tosca and other shareholders will not allow them to plunge this business close to the abyss again. They've refinanced the company, fresh equity infusion, let them get on with it