Random Eddie Stobart Question?
Discussion
Stobart's share price has been on a downward trend for some time. But then what would you expect when the CEO, who has zero other recognisable management experience on anything like this scale, appears to use the company as a funding source for his play time?
If I were a shareholder I'd be asking serious questions over his and the board's governance over the PLC.
Shame a national treasure is being allowed to run into the cul de sac that it is to fund the personal wealth of a small clique.
If I were a shareholder I'd be asking serious questions over his and the board's governance over the PLC.
Shame a national treasure is being allowed to run into the cul de sac that it is to fund the personal wealth of a small clique.
RossiT said:
Bit of a random question I know but having spent the past 3 days driving throughout England and Scotland, my daughter was collecting the truck names to pass the time, I noticed that within the Stobart fleet they have a few Volvo's and just the one MAN we saw, what's the reason behind this when almost every Stobart truck you see is a Scania? Surely having all the trucks the same makes more sense? It can't be an age thing as I'm pretty sure they get changed every 2-3 years?
Thanks
Lots of scanias lots of mans lots of volvo's, they play one against the other to get the cheapest price. They usually get at least 10 at a time and they go when they are 3 year old because they are leased not bought.Thanks
WA Developements who Andrew Tinkler set up is or was largely to do with Tesco, i'm not sure what or whether they still are but that's a lot to do with the work they do for Tesco.
On the truck side of things, a company the size of Stobarts tend to have a mixed fleet for variation and reliability, theres no point in having 1500 trucks of one make. If you have a problem with one then theres a chance the same problem will appear on all 1500. It also depends on dealer relationship etc etc. Some trucks may be suited for a certain type of haulage and others for something else. Its all down to choice at the end of the day and in some cases dealer buy back.
Stobarts ordered 1000 Scanias last year with a guaranteed buy back price after 3 years. Something like this would be a deal clincher.
On the truck side of things, a company the size of Stobarts tend to have a mixed fleet for variation and reliability, theres no point in having 1500 trucks of one make. If you have a problem with one then theres a chance the same problem will appear on all 1500. It also depends on dealer relationship etc etc. Some trucks may be suited for a certain type of haulage and others for something else. Its all down to choice at the end of the day and in some cases dealer buy back.
Stobarts ordered 1000 Scanias last year with a guaranteed buy back price after 3 years. Something like this would be a deal clincher.
Jem0911 said:
Forty tonnes and pointy steering?
Er, goes where the steering wheel points world suffice?
Lock to lock.. Compared to the Mercs we used to run the Volvos have a vastly quicker steering rack.Er, goes where the steering wheel points world suffice?
It makes manovering/town driving etc anywhere in a tight place a lot easier, a lot less arm twirling!
Even negotiating a reasonable size roundabout on the old Mercs it was a two hand job to get enough lock on.
It also means when you're powersliding off of roundabouts you can catch the slides and gather everything up with ease.
Ok, that last bit was a lie, but i hope that explains my point better.
v64paul said:
We could argue forever, the consensus in the trade is that lovable Stobart is killing it. Rate for the job far too low so low as to be crazy, meanwhile older established hauliers go to the wall. Tesco had a 49% stake which they appear to have sold. Most of their work was for Tesco, who have just placed an order for 1200 trucks over three years with Mercedes. So, why would they do that if good old steady eddie was doing the job for them? There may be trouble ahead ....
Tesco have never had a 49% stake in Stobarts - that was some rumour started on the 'net by a couple of drivers who thought they knew everything.As for the Tesco truck order - it's because Tesco still have some self-run RDCs - in fact, Tesco tried to incentivise Stobart drivers to break a picket line when the Tesco employed drivers went on strike at Livingstone depot.
Kobushi ste said:
The current reason for stobarts using man truck is that Tesco have purchased over 60% worth of shares in eddies and also Tesco have a large slice of shares in man trucks
As someone else said that's rubbish.. Once a company owns more than 3% of shares in a PLC then they have to disclose it to the market, tesco have never disclosed owning any of Eddie Stobarts shares, or at least not more than the thresholdphilmots said:
Volvo - with the gearbox being one of the buggest reasons (for a driver) but they're also good on fuel, have good traction and really pointy on the steering.
X2-the I shift really is head and shoulders above the other autos on the Market. Volvos seem to hide their age and high mileage well too!philmots said:
williamp said:
so is there a "best" truck like there are best cars, or are they all alike? ie is there a ondeo v s-class comparison, or are they all like BMW 320d (mapped) in black with black interior
Volvo - with the gearbox being one of the buggest reasons (for a driver) but they're also good on fuel, have good traction and really pointy on the steering.I'm on my 3rd R series Highline with the above configuration and for the work I do I cannot see past them, I like the Volvo but the Scania driving position, mirror layout, visibility, and day to day living is IMO the best of the best.
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