Rumours are apparently circulating that ESL are the subject of a take over bid by a Manx based financial group, they have until close of business today to formally announce their intention to the Stock Market but the majority shareholding is the fund managed by Neil Woodford who’s recent financial performance has been heavily criticised by investors
Stay tuned
Dbay Advisors Ltd are looking to increase their holding from 10.1% according to sharecast.com 
Somebody sees value at the present share price 
mabey part of the takeover will mean relocating dozy to the isle of man where he can be a long distance lorry driver based there doing internal work with a guarantee that he will never miss another friday night steak dinner and we wont need to listen to the weekly pish anymore. 
dieseldog999:
mabey part of the takeover will mean relocating dozy to the isle of man where he can be a long distance lorry driver based there doing internal work with a guarantee that he will never miss another friday night steak dinner and we wont need to listen to the weekly pish anymore.
I doubt it, the great 
thing about the internet is you can make up and post stories from anywhere in the World that has a connection, you don’t even have to be in a truck.
muckles:
dieseldog999:
mabey part of the takeover will mean relocating dozy to the isle of man where he can be a long distance lorry driver based there doing internal work with a guarantee that he will never miss another friday night steak dinner and we wont need to listen to the weekly pish anymore.I doubt it, the great
Bar , Spain !!!
bigdave789:
Rumours are apparently circulating that ESL are the subject of a take over bid by a Manx based financial group, they have until close of business today to formally announce their intention to the Stock Market but the majority shareholding is the fund managed by Neil Woodford who’s recent financial performance has been heavily criticised by investors
Stay tuned
Going back to when I worked
There , there were rumours of
Chinese interest , I don’t like
Raw fish so glad I’m out of it
There’s always value at a “current share price” - if financial liabilities have been put into a “bad side” of any business, and then dumped via carefully constructed derivatives into someone else’s pocket…
Remember the mainstream news a few years ago about “Good banks” and “Bad Banks”…?
WIth the “carefully constructed derivatives” I mention - it is possible for any firm to make it so that “problems for you” - get transfered into “losses for an unsuspecting third party”.
Back in the day, that “third party” might by a basic stock or bond investor in the company.
THESE days - it is more likely to be the re-insurers, and other unwitting buyers of such “debt obligations” (both having derivative instruments) that sign up to that juicy bit of creative accounting where you put all your ■■■■-ups in a sock, and palm it off on your “investors” who don’t know that they actually own a piece of “company liabilities” rather than “a piece of the actual company assets” - which will be rather scant on the ground at all times, thus reducing HOLDER company liability, and improving the bottom line.
I thought there shares was suspended a week of so ago due to financial irregularities
Stanley Mitchell:
Dbay Advisors Ltd are looking to increase their holding from 10.1% according to sharecast.comSomebody sees value at the present share price
Dbay if I remember rightly has a certain Mr Tinkler heavily involved with it. The plot thickens…
You can only rate cut so far.
eagerbeaver:
Stanley Mitchell:
Dbay Advisors Ltd are looking to increase their holding from 10.1% according to sharecast.comSomebody sees value at the present share price
Dbay if I remember rightly has a certain Mr Tinkler heavily involved with it. The plot thickens…
Yes I think you’re correct about Mr T’s involvement with this Manx shareholding group, I seem to recall it was made up of former TDG directors who were involved right from the start when ESL was split off from the main Stobart Group as a separate listed entity in 2013
chester1:
I thought there shares was suspended a week of so ago due to financial irregularities
There’s no “financial irregularities” like I’ve already described above… They can’t cut pay any further, but are losing a lot of money through the rising cost of insurance cover for example.
Unlike other firms like RM for instance, if they choose to “lay it themselves” - then things work out FINE - until you get a quick succession of high-liability payouts due to incompetant drivers, that tend to congragate around the lower payers in this industry.
It is the EU that are the grandmasters of “trading whilst technically insolvent already” however.
If anyone buys Stobarts - it will most likely be paid for in Euros, whilst they are still worth more than confetti. 
Here is a link to the story that is not behind a paywall: standard.co.uk/business/edd … 32146.html
Eddie Stobart said private equity group DBAY Advisors has made a preliminary expression of interest to buy it.
The approach follows a tumultuous time for the firm. In July it flagged an accounting error, and last month it suspended trading in its shares and said chief executive Alex Laffey would stand down with immediate effect. It also warned on profits.
The shares stood at 71p per share just before they were suspended, down from a 163p peak in 2017.
DBAY floated Eddie Stobart in 2017 and today has a 10.1% stake. The largest shareholder is fallen fund star Neil Woodford, left, with a 22.9% holding.
DBAY has until October 7 to either table a formal bid, or walk away.
bigdave789:
eagerbeaver:
Stanley Mitchell:
Dbay Advisors Ltd are looking to increase their holding from 10.1% according to sharecast.comSomebody sees value at the present share price
Dbay if I remember rightly has a certain Mr Tinkler heavily involved with it. The plot thickens…
Yes I think you’re correct about Mr T’s involvement with this Manx shareholding group, I seem to recall it was made up of former TDG directors who were involved right from the start when ESL was split off from the main Stobart Group as a separate listed entity in 2013
sounds like mr T has unfinshed buisness at stobbies cityam.com/ousted-stobart-g … e-stobart/
Directors: M Haxby, C Kingsnorth, J Mara, D Morrison, C Parrish, A Paiusco, A Ammann-Pfennig, S Riffner
DBAY Advisors Limited is Licensed by the Isle of Man Financial Services Authority
DBAY was originally known as Douglas Bay in 2014
Eddie Stobart Logistics sells to IOM Company
10th March, 2014
Motorway stalwart Stobart Group is to sell a controlling interest in its iconic trucking business to the Isle of Man firm DouglasBay Capital Advisors Limited (DBAY), a regulated investment manager based in Athol Street, Douglas in a £280million deal.
The group, whose green lorries are a familiar sight on Britain’s roads, said it would sell a majority stake in Eddie Stobart Logistics to focus on biomass energy and expanding Southend Airport.
Stobart will get £195.6million in cash from DBAY, as well as a 49 per cent stake in the new company, with the buyer taking on £41million of debt.
Chief operating officer William Stobart, son of founder Eddie, is leaving to head up the new business and will own 6 per cent of it. Markets gave the deal the thumbs down, sending shares down 7.75p to 141.75p.
The sale includes a complex arrangement under which DBAY can use the Eddie Stobart brand for four years without paying.
Mirrors and Smoke. I wouldn’t buy a used vehicle from them!
I was wondering were is the king of these sort of post, regarding takeovers and going pop, That 6ylt bloke.■■,
Winseer:
chester1:
I thought there shares was suspended a week of so ago due to financial irregularitiesThere’s no “financial irregularities” like I’ve already described above… They can’t cut pay any further, but are losing a lot of money through the rising cost of insurance cover for example.
Unlike other firms like RM for instance, if they choose to “lay it themselves” - then things work out FINE - until you get a quick succession of high-liability payouts due to incompetant drivers, that tend to congragate around the lower payers in this industry.It is the EU that are the grandmasters of “trading whilst technically insolvent already” however.
If anyone buys Stobarts - it will most likely be paid for in Euros, whilst they are still worth more than confetti.