ESL.L - Eddie Stobart Logistics plc

LSE - LSE Delayed price. Currency in GBp
6.00
-64.44 (-91.48%)
At close: 3:48PM GMT
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Previous close6.00
Open6.00
Bid0.00 x 0
Ask0.00 x 0
Day's range6.00 - 6.00
52-week range6.00 - 110.00
Volume765,563
Avg. volume0
Market cap23M
Beta (5Y Monthly)0.49
PE ratio (TTM)1.36
EPS (TTM)4.40
Earnings date29 Aug 2019
Forward dividend & yield0.06 (8.87%)
Ex-dividend date2019-05-10
1y target est211.00
  • Trucker Eddie Stobart Wins Bank Rescue Loan Amid Accounting Woes
    Bloomberg

    Trucker Eddie Stobart Wins Bank Rescue Loan Amid Accounting Woes

    (Bloomberg) -- Eddie Stobart Logistics Plc secured a rescue loan from four banks, giving the British trucking firm a year to address its troubled finances, the Sunday Telegraph reported.Belgian lender KBC Group NV, Allied Irish Banks, Bank of Ireland Group Plc and BNP Paribas SA, which are owed 200 million pounds ($257 million) in total, are taking part in the rescue plan hatched by private-equity fund DBAY Advisors Ltd. The banks have agreed to waive the firm’s banking covenants until early 2021 and defer loan repayments until July, the newspaper reported, citing people it didn’t identify.Eddie Stobart received a takeover approach from DBAY in September after a review revealing overstated earnings estimates forced out former Chief Executive Officer Alex Laffey. Lower earnings, poor cash recovery and slower returns from new contracts have caused the firm to depend more heavily on available credit facilities and debt.Andrew Tinkler, who ran Eddie Stobart Logistics as CEO of Stobart Group, is also in talks about mounting his own rescue plan and is putting together a 125 million pound package, the Financial Times reported earlier this month.The accounting scandal dealt a fresh blow to fund manager Neil Woodford, whose firm controls about a quarter of the stock. Woodford has faced spiraling difficulties since he shocked the financial world in June by freezing redemptions from his flagship fund.To contact the reporter on this story: Laura Benitez in London at lbenitez1@bloomberg.netTo contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Natasha Doff, Bruce StanleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    Haulier Eddie Stobart says buyout talks with DBAY continue, Tinkler drops out

    Eddie Stobart said on Wednesday DBAY Advisors, its second-largest shareholder, was granted more time to make a firm takeover offer for the haulage company, but former group boss Andrew Tinkler had abandoned any buyout interest. The UK takeover panel has given DBAY until Oct. 28 either to make a buyout bid or walk away, Eddie Stobart said. DBAY had been required to make an offer by 1600 GMT on Wednesday.

  • Reuters

    Haulier Eddie Stobart's shareholder DBAY gets more time to make bid

    The UK takeover panel has given DBAY until Oct. 16 either to make a buyout bid or walk away, Eddie Stobart said. DBAY had been required to make an offer by 1600 GMT on Monday. The news came weeks after Eddie Stobart said it received a "highly preliminary" expression of interest from TVFC Ltd, a company controlled by Stobart Group's former boss Andrew Tinkler.

  • Haulier Eddie Stobart gets takeover interest from former group boss
    Reuters

    Haulier Eddie Stobart gets takeover interest from former group boss

    The news comes days after Eddie Stobart said that its third largest shareholder, DBAY Advisors Limited, had expressed a similar interest in taking over the company. Eddie Stobart, which was earlier a part of the larger Stobart Group, has been hit by a series of bad news, including CEO Alex Laffey's departure and suspension in trading of its stock following a financial review that delayed its half-year results. According to UK takeover rules, TVFC has until Oct. 16 to make a firm buyout offer or walk away, Eddie Stobart said in a statement.

  • Reuters

    Eddie Stobart flags higher debt, considers raising equity

    The news comes a month after the departure of Chief Executive Officer Alex Laffey and the suspension of trading in its stock following the company's failure to publish its half-year results in time. The company, whose largest shareholder is troubled fund manager Neil Woodford with a 22.9% stake, had warned on profit in July, citing a slowdown in some businesses and a forced exit from a "problematic" contract. Eddie Stobart said on Monday it continues to expect the underlying earnings before interest and taxes (EBIT) for the year to be "significantly below" its expectations.

  • PR Newswire

    Norges Bank - Form 8.3 - Eddie Stobart Logistics PLC

    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1.         KEY INFORMATION ...

  • PR Newswire

    Miton Asset Management Limited - Form 8.3 - Eddie Stobart Logistics plc

    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1.         KEY INFORMATION ...

  • Eddie Stobart gets early buyout interest from investor DBAY Advisors
    Reuters

    Eddie Stobart gets early buyout interest from investor DBAY Advisors

    The news follows the departure of Chief Executive Officer Alex Laffey and suspension of trading last month after it failed to publish its half-year results in time. The company, whose largest shareholder is troubled fund manager Neil Woodford, had decided to review its dividend policy and said it would publish the first-half results in early September, with its adjusted operating profit likely to be significantly lower than anticipated. DBAY Advisors Limited owns about 10.11% stake in the logistics group, whose brands include biForce, Logistics People and Speedy Freight, according to data from Refinitiv Eikon.

  • Should Eddie Stobart Logistics plc’s (LON:ESL) Weak Investment Returns Worry You?
    Simply Wall St.

    Should Eddie Stobart Logistics plc’s (LON:ESL) Weak Investment Returns Worry You?

    Today we'll evaluate Eddie Stobart Logistics plc (LON:ESL) to determine whether it could have potential as an...

  • Eddie Stobart chief quits with immediate effect as shares suspended
    Yahoo Finance UK

    Eddie Stobart chief quits with immediate effect as shares suspended

    The transport and logistics firm is reviewing its accounting, suspending trading until it can reveal a likely downgrade to its earnings.

  • Reuters

    Eddie Stobart CEO steps down, suspends trading

    The company also decided to review its dividend policy and said it would publish the first-half results in early September, with its adjusted operating profit likely to be significantly lower than anticipated. The logistics company had last month said that after a review of its previous statements under new Chief Financial Officer Anoop Kangits, it found that 2018 adjusted operating profit was overstated by about 2 million pounds.

  • Reuters

    Eddie Stobart's CEO, Laffey, to step down - Sky News

    Shares are also likely to be suspended on Friday as the company will not be able to meet a statutory deadline for publishing half-year results, Sky News reported, citing sources. Eddie Stobart did not immediately respond to a request for comment outside regular business hours. It was unclear whether the logistics group will have to further adjust any of its previous financial statements, Sky News said.

  • Reuters - UK Focus

    Eddie Stobart's CEO, Laffey, to step down -Sky News

    Eddie Stobart Logistics Plc will announce on Friday that Chief Executive Officer Alex Laffey will step down following a multimillion-pound accounting error, Sky News reported on Thursday. Shares are also likely to be suspended on Friday as the company will not be able to meet a statutory deadline for publishing half-year results, Sky News reported, citing sources. Eddie Stobart did not immediately respond to a request for comment outside regular business hours.

  • Does Eddie Stobart Logistics (LON:ESL) Have A Healthy Balance Sheet?
    Simply Wall St.

    Does Eddie Stobart Logistics (LON:ESL) Have A Healthy Balance Sheet?

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • What Are Analysts Saying About Eddie Stobart Logistics plc's (LON:ESL) Future?
    Simply Wall St.

    What Are Analysts Saying About Eddie Stobart Logistics plc's (LON:ESL) Future?

    Looking at Eddie Stobart Logistics plc's (LON:ESL) earnings update in November 2018, analyst consensus outlook appear...

  • Reuters

    Eddie Stobart sees first quarter operating profit at lower end of expectations

    The company also said on Tuesday its 2018 adjusted EBIT would be restated and reduced by about £2 million after a review of previous statements under new Chief Financial Offer Anoop Kang. Eddie Stobart, which provides transportation and warehousing facilities to construction companies, retailers and industrials, appointed Kang as finance chief in April and had reported underlying earnings before interest and taxes (EBIT) of £55.3 million for last year. "This (reduced first-half expectation) is partly due to slower-than-anticipated productivity improvements in our Contract Logistics and Warehousing business and the short term adverse effect on the operational efficiency of our transport network from exiting, in early March, a problematic contract," the company said.

  • Despite Its High P/E Ratio, Is Eddie Stobart Logistics plc (LON:ESL) Still Undervalued?
    Simply Wall St.

    Despite Its High P/E Ratio, Is Eddie Stobart Logistics plc (LON:ESL) Still Undervalued?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at Eddie Stobart...

  • What Does Eddie Stobart Logistics plc's (LON:ESL) P/E Ratio Tell You?
    Simply Wall St.

    What Does Eddie Stobart Logistics plc's (LON:ESL) P/E Ratio Tell You?

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...

  • What Kind Of Shareholder Appears On The Eddie Stobart Logistics plc's (LON:ESL) Shareholder Register?
    Simply Wall St.

    What Kind Of Shareholder Appears On The Eddie Stobart Logistics plc's (LON:ESL) Shareholder Register?

    A look at the shareholders of Eddie Stobart Logistics plc (LON:ESL) can tell us which group is most powerful. Insiders...

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