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Whilst the drop since Q1 results is disappointing, I do not see any obvious reason for it. I feel that AML is doing what it needs to in its continuation of the turnaround and doing it well. Because the Q1 results were not ‘blow out’ (though I was not expecting them to be), some have perhaps decided to sell to put money to work elsewhere. Hydrogen stocks were particularly hammered this week but all popped up around 10% today (2 of which I bought into first thing this morning but I haven’t sold any AML!). We may have a relatively flat end to the first half of this year (and we may not) but that in itself is not a bad thing as I think it’s just positioning us for another good leg up in the back half of the year. I’m still very comfortable with my investment in AML and those steering the ship. GLA
Make your mind up pup...
Either I make you think, or I am elusive and evasive?
Taking on expensive debt when you have over £550m cash in so insane that the only reasoning I could come up with is far-fetched to say the least. Now you're asking for a link to my facetious comment?
You realise companies can set up bond debt and then not draw on it?
We are shareholders, and when the company draws down needless debt at eye-watering levels I am annoyed!!!!
Evasive, elusive and repetitive when questioned on my position? Not much point in engaging with me then...
I've said all along, the next AGM we are all at, I'll happily show proof of over 4000 shares in my account, if that's what you mean.
You see, I am honest, and as a fairly large shareholder I question everything, and am open to discuss everything. Discussing the negatives stops one getting emotionally involved. Something most on here fail miserably at.
Have a good weekend.
Yeah, I gave you that very general reason as I've learned not to invest too much time explaining things to people who aren't really looking for an answer.
Frankly, the only reason you're not filtered is because you often cause me to investigate and sometimes re-evaluate my position. You say the stuff that people don't want to hear, but you are evasive, elusive and repetetive when questioned on your position, so it's not worth trying to engage in any detail.
Where's the director saying he wants some bond action? You suggested this as the reason AML took on more debt, so I'd like a look-see if poss please.
Speak for yourself Nite, and I will do the same. I only have Robg on filter as he has never once uttered a single bit of information anyone could use for anything.
Thanks for posting at exactly the same time though. Hopefully everyone can dismiss the spurious claims that we are the same poster now, hahah.
Not much offends me, but that one almost did....
'Kind of' being "Required funding to meet the long-term objectives of the business."
when they have £550 million in the bank?
I should have known better than to entertain you after all.
Well I've kind of said why I think they took on more debt. I thought you had uncovered some treachery for a minute there.
This director quote; got a link?
I asked you, genuinely interested in anyone's take on it.
Maybe the recent director saying he will take £1m's worth if he can also get in on the bond action at 10.5%?
Ooh I dunno! I feel like you're leading me somewhere exciting here though.
What do you think?
They have £550m in cash.
Why would you take out a loan at 10.5% over 4 years when you have cash in the bank?
c24,
"Pupper, what does it matter when it was announced? It's the fact they need to draw them, that's important."
Did you think they were issued for fun, never to be used? They were in play since issue in my mind.
"Why do YOU think they took on MORE DEBT?"
Required funding to meet the long-term objectives of the business. What's your take on it? Are we in bed with crooks?
Nella:
1 - I am invested in AML.
2 - I have posted on other companies
3 - I am on here to discuss the company. (I thought that was the whole point)
Nothing I or anyone else posts, makes any difference to the share price.
Pupper, what does it matter when it was announced? It's the fact they need to draw them, that's important. Why do YOU think they took on MORE DEBT?
Net debt was £1.3 billion, through bonds to stave off insolvency, and the ONLY reason they have £550m cash in the bank. (proceeds of said bonds).
It proves this business is a LONG way from being profitable.
Loss after loss after loss, Q2 will be worse with £75+ million in interest payments on top of another loss.
AML paying all wages again since furlough is ending, now we know why they are drawing down more debt, because they know the foreseeable future is going to be more losses. Cash levels will drop faster now the government are not paying 80% of wages.
'Fully funded', when did Stroll say that again?
I see Moers side-stepped the wholesale/retail question again too.
I wish I was an analyst to ask some real questions on results day.`
c26,
"AML drew down circa £77 MILLION in new notes in February, no-one seems to be talking about that. Why?"
Because these are the Senior Secured Notes announced via RNS toward the end of February. I made my trading decisions back then.
Did you not see that RNS?
"You can smell the fear throughout this BB"
*sniff sniff*
Smells like something else to me.
Likewise. I'm up over 50% too, so am happy to sit the current negative wave out. I'll be here for a couple of years so what happens in May and June of 2021 just isn't relevant...
Don t need to get out just short it/hedge!
I don't know, I understand people are upset they couldn't make a quick buck.
If its that bad why are people buying 1000's of shares still.
I got out when I hit even this sp is not going anywhere for a while, I feel around £20 is the top end take my advice get out when it hits the £20s
Peter, it's easy to spot the people to ignore on here: anyone who abuses rather than argues the point. It's a red flag to a dumb retail investor.
AML drew down circa £77 MILLION in new notes in February, no-one seems to be talking about that. Why?
Funny how the EBITDA make everything look better when you strip out the net debt.
Or the fact the interest payments are only deducted in Q2 and Q4, which is £150+ million per year. Q2 aint going to be pretty then....
You can smell the fear throughout this BB.
Biggest bounce back after Covid all round the world and AML still make a loss, even after drawing down more bonds, brilliant!
Peter, my apologies. You are correct, it was unnecessary.
Pupper, well stated except the part about a petulant child which is uncalled for. I agree I have made my point. This is me stepping off of my soap box. Step step step...
Still now the figures are out, I'll still bet some good hedge funds will place some money here. Here for the long term, and so far the proof is in the pudding.
Hey Peter,
"I see sales numbers doubled from the prior year. Half of sales are DBX whereas DBX was zero last year. So Stroll's new management team has not improved results for vehicles available at the time of his initial investment."
Alternative view: Stroll's new management team launched a new vehicle into a new sector and it's outselling all the cars in the other 2 sectors added together.
As I remember you sold out because you didn't believe DBX would make the sales numbers, and the job losses at St.Athan convinced you that this would be the case. These results show that the guidance from the company has been accurate throughout.
"vehicles that may be sitting as inventory on the dealers lot"
You're starting to sound like a petulant child with this. You've brought it up many many times, and it has been investigated and discussed by those interested. I've made my decisions about the information you've provided, thanks. Make another thread about it and keep it there please.
First quarter last year, sales of sports/GTs were heavily discounted. Sales this year may be similar, but margins are considerably higher with dealer incentives lower. People are still buying these models, but they are happy that exclusivity and build to order means residuals are a lot better. Lamborghini sales of their Urus heavily outnumber their supercars and AML are seeing this for themselves. Once Aston revitalise their sports/GT cars the ratio might rebalance slightly. China is not a major market for 2 seater cars and undoubtedly the closure of UK salesroom for almost 5 months will have had an effect on their sales here. AML need a mainline mid engined sportscar but their focus, correctly, has been on an SUV initially. They can't do everything at once.
By that logic Amazon is doing a poor job because their current success just realies on new products and if we look at book sales they're not that profitable, what a load of rubbish!
It’s irrelevant what models made up the sales numbers Peter. That is why AML developed the DBX - to be in the right space and compete and to improve overall sales, revenue and profit - which is what they’ve done! Take your glass half empty elsewhere as not interested in your negativity and as you’re no longer invested, what are you commenting for? Nothing better to do????