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STOB Stobart Group Ld

34.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Stobart Group Ld LSE:STOB London Ordinary Share GB00B03HDJ73 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 34.50 34.55 34.95 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Stobart Group Ld Share Discussion Threads

Showing 1951 to 1972 of 2975 messages
Chat Pages: Latest  83  82  81  80  79  78  77  76  75  74  73  72  Older
DateSubjectAuthorDiscuss
28/8/2019
09:10
Macquarie initiated coverage with 168 target. All around sarfend aeropuerto
andycapp1
27/8/2019
18:11
Decent rise on thin volume. I wonder whether there is any news on the ESL profit re-statement.
lpavlou
23/8/2019
20:21
First day we've had some decent volume. Wouldn't be surprised if some had sold due to the name confusion. It could have been much worse for us had we retained a much larger stake. We can't sell for 5 years anyway, so hopefully they will have recovered by then. We need the ESL share price to be lower than 118p and higher than 91p for us to benefit. We are only paying 2.75% interest on the 55m debt which is cheaper than the bank will lend to us.
lpavlou
23/8/2019
18:57
Opto...its a different company you muppet
porsche1945
23/8/2019
11:56
Thanks Gary, that clears it up...still going out for a pint or two though :-)))
optomistic
23/8/2019
11:42
ESL & STOB are two different companies now. STOB trades on the main market,while ESL trades on AIM.
garycook
23/8/2019
11:40
How come the shares are still trading? Still confused, will go for a few pints this afternoon whilst it all sorts out :-)
optomistic
23/8/2019
11:37
Eddie Stobart has suspended trading in its shares and announced that its chief executive will stand down with immediate effect, as the firm looks into accounting discrEddie Stobart chief leaves as shares suspended
Eddie Stobart has suspended trading in its shares and announced that its chief executive will stand down with immediate effect, as the firm looks into accounting discrepancies.
The firm also warned its results for the first half of 2019 would be "significantly lower" than forecast.
The transport company, known for its green and red lorries, revealed a £2m error in its 2018 results last month.
A review of past accounts uncovered the problem.
The review is being undertaken by chief financial officer, Anoop Kang, who joined in April, alongside external auditors. It found that in 2018 operating profits were overstated by about 4%.
Publication of the firm's results for the six months to 31 May has also been delayed, They were due to be released on 29 August, but are now expected in early September.
The firm warned that profits for that six-month period were likely to be revised down from recent projections, and that it is "applying a more prudent approach to revenue recognition". The group's dividend policy would also be reviewed, it said.
How did Eddie Stobart become so famous?
Outgoing chief executive Alex Laffey, who spent four years at Eddie Stobart, will be replaced by Sebastien Desreumaux.
Mr Desreumaux, formerly head of the group's retail delivery arm iForce, joined the company in July 2018.
The accounting revisions are likely to add to pressure on high-profile investment manager Neil Woodford, who is the largest shareholder in Eddie Stobart, with a 22.9% stake.
In June this year, Mr Woodford suspended trading in his largest fund after rising numbers of investors asked for their money back.
Eddie Stobart shares, listed on the Alternative Investment Market (AIM), a less regulated alternative to the main FTSE exchanges, have nearly halved over the past year.
Founded by Edward Stobart in 1970, the firm operates 2,700 vehicles and 43 logistical hubs in the UK and Europe, and employs around 6,600 people, according to its website.
Its distinctive lorries are a mainstay on British motorways, while its merchandise spin-off offers a wide range of branded goods including model trucks, teddy bears, watches and wrapping paper.epancies.
The firm also warned its results for the first half of 2019 would be "significantly lower" than forecast.
The transport company, known for its green and red lorries, revealed a £2m error in its 2018 results last month.

bernie37
23/8/2019
10:36
Cheers Skinny, thanks for that post...I would be very reluctant to go into any part STOB with this confusion overhanging the company.
optomistic
23/8/2019
10:30
Yes it is confusing

Eddie Stobart Logistics PLC - ESL
Directorate Change, Company Update & Suspension.

skinny
23/8/2019
10:19
Different company
gaffer73
23/8/2019
10:15
How come these articles and STOB still trading @ 109?
optomistic
23/8/2019
09:13
Eddie Stobart issues profit warning and is suspended from AIM as it fails to publish interims in time, CEO steps down Eddie Stobart issues profit warning and is suspended from AIM as it fails to publish interims in time, CEO steps down
By Proactiveinvestors - 1 hour ago
Eddie Stobart Logistics PLC (LON:ESL) has issued a profit warning and had its shares suspended from AiM after failing to publish its interim results in time. The transport firm...

Eddie Stobart chief to leave as shares suspended Eddie Stobart chief to leave as shares suspended
By BBCI - 1 hour ago
The transport firm, known for its green lorries, revealed a £2m discrepancy in its accounts last month.

Eddie Stobart crisis deals fresh blow to Woodford Eddie Stobart crisis deals fresh blow to Woodford
By Sky News - 13 hours ago
Eddie Stobart, the logistics group known for its distinctively coloured lorries‎, will deliver a fresh blow to the embattled fund manager Neil Woodford on Friday when its...

optomistic
23/8/2019
08:40
The 'Woodford Curse'.
eeza
23/8/2019
07:29
Not an unexpected share price reaction. At 370m shares the 5p share price fall has wiped off 18.5m of our value. We have 45m shares in ESL which yesterday were worth (70p) 31.5m. If we correlate this across, mr market is placing a price of 30p on ESL.
lpavlou
23/8/2019
06:52
Our remaining shares in ESL have been used as security for the recent £55m bond offering. The bond holders have the right to exchange the bonds for shares in ESL in 5 years time at a price of 118p. The ESL price was 91p at the time, now its 70p. They still get interest at 2.75percent and the dividends.
lpavlou
23/8/2019
06:31
This has been punted by one of the tip sheets. My question is: how does the development of Southend profit Stobart in hard cash terms?
johnrxx99
22/8/2019
20:47
https://news.sky.com/story/eddie-stobart-crisis-deals-fresh-blow-to-woodford-11791584
norbert colon
22/8/2019
20:11
This one or ESL?
alexios1201
22/8/2019
20:04
The brown stuff going to hit the fan in the morning.
montyhedge
22/8/2019
13:53
Carlisle was/is the HQ., partly for the original company, Tinkler lived not so far, big shareholders like Alan Jenkinson just down the road near Penrith. Not really relevant theses days, but legacy factors prior to Southend Airport!
bookbroker
22/8/2019
11:23
Gosh, this has seen some value destruction. In due course it will be time to start again, perhaps; but with Brexit uncertainty transport is likely to be hit disproportionately, isn't it?
brucie5
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