Stobart Group Ld Share Discussion Threads

[edmondj] 16/6/2019 08:36

Here's more context on the Cyrus stake which goes back to a 4.65% placing last January:

Stobart Group has announced it will issue nearly 16.5 million new shares to investment firm Cyrus Capital Partners, raising GBP24.7 million pounds (USD31.8 million) or 4.65% in Stobart's registered share capital.

hxxps://www.ch-aviation.com/portal/news/74492-cyrus-capital-to-take-465-stock-in-stobart-group

They bought at 150p then, not hugely astute perhaps, thus averaging down now:

[lpavlou] 15/6/2019 23:47

Connect Airways are partly owned by DLP who in turn are owned by funds managed by Cirus Capital. They originally acquired their stake at 1.50 and this equated to 4.6percent. They seem to have upped their stake via acquiring new shares in the market.

[stur7672] 15/6/2019 08:18

Ipavlou, if you have at look at the RNS releases on 11th January this will give some background

[lpavlou] 14/6/2019 21:59

Done some research into Cirus Capital Partners who have just announced a 5percent stake. They also have stakes in Delta Airlines, American Airlines and United Airlines. They seem to be bullish on the airline sector. They might see some value in our small stake in Connect Airways.

[petersinthemarket] 14/6/2019 12:43

Stobart has hopefully reached the bottom at last (I hold/added).
Final dividend 3p - exdiv 20june, record 21June, paid 31July2019.

[nobilis] 11/6/2019 23:53

(Ex Div: 20/06/19)

[lpavlou] 11/6/2019 20:33

A 5percent stake is almost 19m shares. They may have been just below the 3percent level or it could be Tinkler offloading more shares. If we don't get an RNS within a couple of days, then we know they have been buying in the market

[aishah] 11/6/2019 18:25

Tinkler's appeal has been turned down. Another overhang?

[pal44] 11/6/2019 15:59

agree they are working some sort of sell off IMHO

[aishah] 11/6/2019 13:46

Still watching. Forced sellers here, so wait and see for me.

[kemche] 11/6/2019 11:42

Picked a smidge.

[lpavlou] 11/6/2019 10:47

They must have bought these off Woodford. Expect another RNS towards the end of the day.

[lpavlou] 09/6/2019 20:54

If he sells more than 2m shares he'll have to report it within 2 days as he'll be below the next disclosable level. 2m won't touch the sides, so either he'll hold out or expect a large reduction.

[zangdook] 09/6/2019 16:26

We don't know he hasn't - he may be dripping them into the market and only has to make an announcement when he crosses a %, or when his selling is finished, depending how he plays it.

[lpavlou] 08/6/2019 08:09

Interesting that Woodford hasn't yet off-loaded any shares in Stobart or Eddie Stobart Logistics. He may do so In The next wave of selling, if he does, he may have to find a direct buyer as only 2m shares are traded daily on a good day.

[lpavlou] 06/6/2019 23:13

Woodford has just under 20 percent here but I'm sure there would be other buyers of large chunks at the current share price interesting that the Bod are buying shares as opposed to getting options to purchase at the current share price Hopefully the airline side is doing well as that is the biggest risk for me even though they picked up Flybe for peanuts

[aishah] 06/6/2019 21:48

Woodford has a weighting of 2.14% here.

[gaffer73] 06/6/2019 20:21

Thanks, I didn't realise that.