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Stobart Group Ltd (lon:stob)
STOB – Found A Buyer For Their Rail Division
Stobart Group Ltd Financials
Item
Current Period
Previous Period
Year
2019
2018
Period
12 Months
12 Months
Revenue
£170m
£147m
Earnings
Adjusted Earnings
EBITDA
(£13m)
(£6m)
Adjusted EBITDA
Statutory Profit
(£137m)
(£58m)
Adjusted Profit
Total Debt
Net Debt
£160m
£83m
Commentary History
Date
Title
Show All
Mon 27 Jul 2020
STOB – Found A Buyer For Their Rail Division
Fri 05 Jun 2020
Stobart Group – Share Placing
Stobart Group Ltd Share Price
Grade:
The Orange Grade - Shares That I Think Show Promise With A Few Caveats.
Title:
STOB – Found A Buyer For Their Rail Division
Company:
STOB - Stobart Group Ltd
Share Price Then:
25p
Author:
Ian Smith
Date:
Mon 27 Jul 2020
Comments:
Stobarts have gotten the Rail Division off their books and seeing at it was a loss making division the fact that they announced it sold for one thousand pounds £1,000, plus possibly an extra £2.9m isn’t great but under the circumstances probably the only option.
If none of the £2.9m appears then this will be a loss of around £9m, so this is historic share holder money lost, about a quarter of the group’s revenue gone but no losses to drag down aviation and energy, while the group still has it.
Any payment that helped to bring debt down would have welcome, even if the £2.9m does appear it won’t have much of an impact on around £168m
The recent share placing unfortunately doesn’t seem to have stabilised the price, probably in part because the government seems to have no policy on air travel.
Read Count/ID:
437/13166
Buy/No Buy In A Nutshell
Negatives
High debt, recent share issue and COVID affecting the now core aviation division.
Positives
A bit of a disaster recently but a very solid possibilty of success as focusing on its own airports and related services more generally. Rail division recently sold/given away.
Initial Review Price
26p
Last Review Price
24.3p
Last Review Date
02-Sep-2020
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