Eddie Stobart Logistics (ESL)

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Eddie Stobart Logistics ESL Logo

Logistics company.

10-Apr-2018 – 125p – £447.4m – PER 10.5

Results For The 12 Months To End November 2017 – In-line (Revenue up 9.4%, PBT down -12%), new year started well and in-line with the Board’s expectations.

I can’t get excited here, the yield may be attractive to those seeking income.

18-Jan-2019 – 103.5p – £392m – PER 7.6

Trading Update For The 12 Months To End November 2018 – Revenue up 35% from £624m to £843m with underlying EBIT broadly in-line with market expectations.

There may be value here so I will keep an eye out for Broker notes, note the 5%+ yield.

28-Mar-2019 – 98p – £372m – PER 7.3

Results For The 12 Months To End November 2018 – Revenue up 35%, Operating Profit up 21% (before exceptionals), Net Debt up from £109.5m to £159.7m, Adjusted EPS up 16.3% (to 11.4p, 9.8p last time). New has started in-line.

I still think there may be value here with that 5%+ yield but will surely be dependent on a favourable Brexit outcome. Tempting but will watch from the side-lines for now.

23-Aug-2019 – 71p – £269m – PER 5.5

Oh Dear! – CEO gone, Adjusted EBIT in question, Dividend policy to be reviewed, shares suspended.

Nothing to do but wait on the side-lines here.

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