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Selecta6,
Agreed with your comments and of course the name of placing given a clue.... but like WG said today the timing was very clever I didn’t notice until WG brought up. (30 days before or after the RNS) ...
We got very clever team joining AML and ruthless! Time will tell and I didn’t sold my AML like other (of course it none of my business) but it helped Shorter to able to buy back shares to closed and I wonder if we (I mean all of us WG, PaulOZ, CC, everyone’s.... inc CK (I think he is on long!) won’t sell shares I wonder what the SP wil be reach? MM would have struggles to find some shares! I know it never going happen.
Noah. Thanks for your comments. Stroll and Woolf are tough nuts, and whilst they carry no prisoners, i do think it will benefit us in long run.
Not sure we did all have an opportunity to buy in at 50p. Most of the placing was placed prior to release. Hence the name placing!!!
As for shares ranking pari passu. They may rank that way, they sure can't be bought pari passu!!
CK. Thanks for your comments too. Nope, not too cold. I'm a big boy, so no need to sugar coat words to me. What you said was fine.
I think Stroll will pull it off, he is well respected in business and F1, where he will have a lot of moral and financial support.
My markers are a growing GP%, and lowering of debt. Armed with that, a profit will come, but i would say be about 5 years before any seen.
So it'll need to be progress not perfection, in short term. Then he'll get the time he needs.
I wouldn't fancy being in new CFO's shoes though!!
Selecta6, thanks for the reply. Upon re-reading my question to you, apologies if it came across a little cold!
I thoroughly admire your cojones for averaging down that much. I can also understand how much the dilution hurts, just when you have your head above water again.
I agree with yourself and WG on this too.
It's going to be interesting to see if Stroll can turn this around.
What are the markers you are looking for re the turnaround? Surely they need to turn a profit in 2021 otherwise they are toast?
* explained everything whatever Shorter ask Q's....
Selecta6,
You one of respected here but I hope you ok with offence?
Last Friday the panic was funny enough and if you read my history posts.... Stroll are ruthless and not friends with us ...
I strongly believe Stroll will say ... why should I give you profits when you do nothing...
Last Friday again I said T Wolff said it was bargain BECAUSE he will have ALL AN OPPORTUNITY to buy all placing like last Friday and on future... we getting smaller smaller unless in/out few times to keep some profits aside.
He know the price tomorrow, next month etc... the placings last Friday (TO ME IS ... Stroll rang all Shorter and explained everything's and put placing to have an opportunity to reduced shorter or wipe out and if failed he will trick Shorter in Canada style similar to VW few years ago possible with Mercedes or ?? .. he is war with Shorter but try easy one first.
That my view....
CK. Been into AML with my modest funds when Merlin got taken back into private hands.
In at £4.80. Seemed a steal then, about 9 months ago.
Followed up with RI, which took me down to ave of £1.20.
Then stoked up when at £0.35, taking me down to ave of £0.55.
Then very skilfully, bought more at £0.64 last Weds as price was dropping. Took ave. to £0.62!!
We all know how we got shafted last Friday!
Now waiting to buy more at sub £0.50.
I'm in for the journey.
I do agree with WG though. Yes, i do feel a bit sore after the shafting on Friday. He's hurt loyal shareholders, to benefit the in crowd.
Hey ho.
I'll wait for the short term drop following mega bad Q2 results.
Still a believer here, though.
Selecta6, liking your objectivity here.
Are you viewing AML as a long term turnaround then?
Or just trapped in a trade that went wrong due to 20% dilution?
WG. yes, with you shoulder to shoulder.
Exactly what they want.
And he's happy to shaft any-one, any-place, any-where.
Hey ho, just need to hang in there.
Until we don't see the next placing, coming!!
Yep. spot on.
All at our expense, just trailing blindly along behind!!
Hasn't it been for big boys n pals..
How else could he get them on side..
Non of em need the £££
But greasy greasy