Sobart Group Shares

doughnutmachine

having an agm in the channel islands suggests that the directors dont want shareholders turning up asking questions.

the ex MD (edward stobart) died facing bankruptcy.

i wouldn't touch them

Glen_Clark

lvader wrote: »

You can still make money on badly run companies as long as you buy at the right time.

The right time being when the management is about to change I guess.
But I see no sign of that with Stobart?

sabretoothtigger

Isnt the obvious answer to watch the Stobart TV series in a wing backed chair with a pile of cash and a pen and pad in front of you ala Dragon den investors

Glen_Clark

sabretoothtigger wrote: »

Isnt the obvious answer to watch the Stobart TV series in a wing backed chair with a pile of cash and a pen and pad in front of you ala Dragon den investors

That would be worth watching.
Nothing seems to annoy the Dragons more than a little Tinkler trying to flog them the duff part of the business at a crazy valuation and keep the best assets back for himself

lvader

Stob up over 10% today, :beer:

sabretoothtigger

High debt, negative free cash flow, rights issue last year to avoid insolvency

Yet they are profitable ? Whats the ratio and reason for these debts. What timescale are they set to and anything like a pension liability perhaps