Stobart Group Ld Share Discussion Threads

[essential] 06/5/2014 07:47

Is that Woodford asset management the same Woodford as ran the Perpetual funds? If so he has some confidence in Stobart!

[prokartace] 14/4/2014 17:17

would have thought that purchase is contrary to buyback rules but who am i to say. cant wait to see who the seller/sellers are.

[prokartace] 14/4/2014 08:10

thought it would be a daily buyback not in one fell-swoop! Anyway no RNS which would have accompanied the buyback

[craigends] 11/4/2014 16:43

Buyback of 34m shares maybe commenced, now disposal through.

[prokartace] 11/4/2014 15:43

WTF!!! that is HUGE volume!

[boonboon] 03/4/2014 12:34

so the 6 routes announced today from Southend seem to be focused on inbound traffic more than outbound traffic due to the timings. I expect that means less spent on parking but more on train tickets. I wonder what it will do to the average spend per passenger which currently stands at £20.

[yewtrees] 02/4/2014 08:43

Article about Carlisle Airport in local newspaper. Interesting reading some of the comments at the bottom.

[goonertone] 31/3/2014 15:25

Done deal. Let the buying by Cenkos start!

[avh] 22/3/2014 17:26

Carlisle Airport development bid quashed, this does not appear to be good news but share price seems to have held up. Was it expected?

[bernie37] 16/3/2014 00:51

Car showrooms could be hit by a strike by delivery drivers after talks between unions and leading transporter company Stobart Automotive failed to reach agreement.
Talks are to continue this week, but a date for industrial action could be set within days if there is not a deal.
The business, which is part of the Eddie Stobart group, delivers 1.6million cars a year – more than half of all sales of new cars.
Workers claim drivers from other parts of the Stobart business are being brought in to undercut wages.
Unite national officer Adrian Jones said drivers of the 400 car transporters at Stobart Automotive had voted overwhelmingly for action 'in order to protect their livelihoods'.

More...
We won't be wasting a fortune on electric cars: Ford chief reveals why one green initiative is a non-starter
He added: 'If a strike goes ahead it will cause major disruption to the delivery of new cars to showrooms across the country.'
A spokesman for Stobart told The Mail on Sunday that the company hoped industrial action would be averted.
A spokesman for Vauxhall cars, which is owned by General Motors, claimed that industrial action would not disrupt deliveries as it would be able to switch to its other distribution partners.

[this_is_me] 12/3/2014 07:40

Seems daft to me, but I sold out towards the end of last year.

[goonertone] 11/3/2014 12:05

The directors obviously believe they can see the benefits of this deal even if others appear to have taken a different view.

[bagpuss lives] 09/3/2014 22:00

Bio mass is common everywhere now from small shared ownership housing projects fuelled by communal biomass boliers to largescale powerplants.
I don't know about Wilmington NC but I would hazard a guess that the partner is Greensphere who they are already working in close partnership with in the Biomass arena.

[lefrene] 09/3/2014 01:13

I think you will find the 'bio-mass' is wood pellets shipped out of Wilmington NC, and I also think that the pellets start out hundreds of miles away and are trucked down to Wilmington. Makes the 'green' element laughable, but no doubt the generous subsidies from HM Gov make it profitable. So who would benefit from a joint venture? Do our own research, but I happened to be in NC late last year and found the local papers were up to date with the commerce in wood pellets.

[prokartace] 08/3/2014 14:23

Not everyone, as I said, and maybe I am thick, and more at 126p. Of course you could say that in order to recommend the idea the director must believe in it but that doesn't mean he's right. Personally, I think that long-term this is the right move. Everyone knew that debt reduction was the only way forward and as they couldn't get away a retail bond issue their options became more limited. Ironically if they go ahead it will improve their rating.

[bagpuss lives] 08/3/2014 13:33

So while everyone bails the directors buy!!!!

[yewtrees] 07/3/2014 08:23

Not heard about this before
At present, Stobart sources and delivers biomass, but it is planning a joint venture with an unnamed partner to invest in biomass power plants.

[yewtrees] 06/3/2014 15:17

It does say proposed, who gives permission to be finalised.

[prokartace] 06/3/2014 14:46

Maybe I'm thick but I just bought on the share buyback and if you think that doesn't make a difference take a look at spirent

[randolph and mortimer] 06/3/2014 14:27

goonertone

Well that is exactly what was on my mind. What value is ascribed to 49% of an entity which has just bought the transports?

The banks asked for it back because otherwise this deal would not have been executed. Can't believe the major shareholder gave blessing on this one though.

[ricky46] 06/3/2014 14:15

This is ludicrous the transport is the only part that makes money!

[bernie37] 06/3/2014 14:01

I'm not expecting a dividend to be paid?

[goonertone] 06/3/2014 13:55

R & M

Whilst not saying the deal is good or bad a couple of things.

a)How do you know the banks asked for their money back?

b)They are retaining 49% of the logistics business which will need to be brought into the consolidated accounts. Therefore isn't the loss of ebitda half of the £25.6 mill stated and therefore near enough no impact after adjusting for the interest saved??

[randolph and mortimer] 06/3/2014 13:29

crown jewels gone

Balance of company worth a lot less than £493m. Banks asked for their money back
and that is what has happened. Biomass and airport and services will not make up for the lower ebitda figure going forward. Obviously they are better off with a zero interest charge (2013:11186 net). Shortfall therefore £14m or so, x p/e, say, 10 = £140m market cap gone which = 39pps give or take. That's how it looks to me, anyhow.

[yewtrees] 06/3/2014 13:28

We need to know more information. They are vague about some items.
The Carlisle airport planning is currently being decided. I thought the new distribution warehouse was a standby plan if they were not to get the airport go-ahead. So what is happening there?
The share price has been doing well recently. Surely it would have been going down prior if it were not good for the company. Only the people behind the scenes know though.