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Old 29th May 2019, 09:39
  #3061 (permalink)  
DC3 Dave
 
Join Date: Apr 2016
Location: Essex
Posts: 894
In the final results Warwick Brady concluded by making a bold prediction.......

Stobart Group now intends to invest in developing a 10m+ passenger airport and the infrastructure required to maintain a supply chain to deliver 2m tonnes per annum of biomass fuel. The Group will also invest in core IT and central services, including our people while retaining an appropriate Group cost base. The majority of our investment will be focused on London Southend Airport and will be partly funded by the receipt of over 50m raised through the issuance of an exchangeable bond secured over our shares in Eddie Stobart Logistics plc, further asset sales and cash generated from operating businesses.

Well, I guess it's good that the airport will receive more investment. Going to need some serious development to realise Mr Brady's vision. Or is he talking biomass?
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