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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 2451 to 2472 of 2975 messages
Chat Pages: Latest  107  106  105  104  103  102  101  100  99  98  97  96  Older
DateSubjectAuthorDiscuss
27/7/2020
16:24
Wasn't that long ago SEA was valued at 700m.
gaffer73
27/7/2020
15:57
Topping up here is great value AGM in a couple of days.. Personally I'm in too much already to be able to justify adding more.. average close to 40p.. no panic here though the assets are hugely undervalued just been a heavy onslaught of bad news after bad news.
1sjh
27/7/2020
11:32
I have topped up
y1phr1
27/7/2020
08:37
imjustdandy
8 Jul '20 - 09:58 - 2031 of 2075

Don’t think so. Back to placing price is first stop at 40p then onwards to 60p


fenners66
9 Jul '20 - 10:53 - 2032 of 2075 Edit

First stop?
Clearly that was 30p not 40p

Business has serious issues now

Second wave?
Cancellation of Spanish holidays ?
Would you not agree the business has serious issues now ?

fenners66
27/7/2020
08:03
AGM at 11.00am on Thursday 30 July 2020
Will they announce a change of name I wonder!

kanjam
27/7/2020
07:38
Hugo - the mistake would be selling them now ;-)

GL SR

stockriser
27/7/2020
07:26
What a big mistake I made, bought 20000 shares # 41p nearly 3 months ago. AVOID AVOID
hugotanha
20/7/2020
16:39
Just normal operations.
gaffer73
20/7/2020
13:38
why has stobard not informed the market??
newspaper report about stobard
hxxps://www.echo-news.co.uk/news/18593690.easyjet-recommences-flights-southend-airport/

lyceeuk
20/7/2020
13:25
Yes it is.
gaffer73
20/7/2020
13:00
is this news not important??
lyceeuk
20/7/2020
11:38
newspaper report about stobard
hxxps://www.echo-news.co.uk/news/18593690.easyjet-recommences-flights-southend-airport/

lyceeuk
15/7/2020
09:56
"rayg5
15 Jul '20 - 09:52 - 2059 of 2064

How do you justify calling it an 'ailing' airport?"


Same as all the other airports - world has changed.
They may still be necessary - but they are in recession.

fenners66
15/7/2020
09:53
This is their jewel in the crown. Of all London airports Southend is the best for passengers flying to Europe. It has been developed by stobart in the last couple of years but still is a small aerodrome by modern standards. It can't grow anymore because it's in a residential area of Southend so travellers can pass through quickly and easily with free on street parking close at hand or paid for parking if desired. There is no better option for trouble free air travel. Stansted is not what people want. I have used it and it's too big, too crowded, expensive to park. For convenience Southend is the airport of choice every time.
rayg5
15/7/2020
09:05
interesting to see whether Tosca take another 2%-odd with the focus firmly on Southend now?
jusjusjus
15/7/2020
08:58
Yes, I have walked through the terminal ... your point?
rayg5
15/7/2020
08:57
Yes, there's smoke and mirrors. They all do that. But concentrating on the airport at Southend is what they SHOULD be doing, so let's get on and do it. Flights will return to normal in due course. Good move by the board, welcomed by the market.
rayg5
15/7/2020
08:57
walk through the terminal
lyceeuk
15/7/2020
08:52
How do you justify calling it an 'ailing' airport?
rayg5
15/7/2020
08:21
"estimated loss on disposal of GBP9 million after costs, before any additional consideration which may be received. The loss on disposal and the results of Stobart Rail & Civils up to the date of disposal, will be accounted for as discontinued operations and presented below profit after tax for the continuing Group."

Says it all really.
The business had net liabilities of £10m even after investing at least £32m in assets.
They will lose another £9m on disposal - so its a complete F up.

But they tell us that its ok as (since they are disposing ) they are going to show (bury!) the losses below the line.....

The burying does not end there.
Management burying its head in the sand for years ignoring the total failure... and ignoring the massive loss incurred on getting rid of it at almost any price.

So that they have lower cash flow demands in order to prop up the ailing airport..... coronavirus is not their fault, but those years of too high dividends and squandering the proceed of ESLogs are.

fenners66
14/7/2020
14:50
Stobart Group Limited (LON:STOB) announced its wholly owned subsidiary Stobart Holdings has divested Stobart Rail, owner of the rail & civils division, to Bavaria Industries Group.

The aviation and energy infrastructure group said it the initial cash consideration was £1,000, while it may receive additional cash consideration of up to £2.9mln based on the outcome on conclusion of a single legacy contract. It includes 188 employees.

READ: Stobart Group raises £100mln as it pivots to focus on aviation
The firm previously set out to exit the rail & civils business by the end of the current financial year following the continued losses within that business.

The agreement is on a debt-free basis including the waiver of intercompany balances involving Stobart Rail and also includes the transfer of specialist plant and equipment in addition to a three-month Transitional Service Agreement for certain back-office services to support Stobart Rail & Civils in the immediate term.

“In June we set out our strategy which will see the Group focus its investment on our aviation assets, particularly London Southend Airport,” commented chief executive Warwick Brady.

“The sale of the Rail & Civils business removes the obligation for the Group to fund the expected ongoing losses of the Rail business and is a first step in achieving our goal of focusing our investment on aviation.”

As of February 29, Stobart Rail has gross assets of £32.8mln and net liabilities of £11.8mln, and posted a full-year loss before tax of £10.1mln.

The firm said the transaction will result in an estimated loss on disposal of £9mln after costs, before any additional consideration which may be received.

kanjam
14/7/2020
13:22
Branson finally put his hands into his own (deep) pockets!
jusjusjus
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