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Soul, your probably right but on good news coming out we haven’t got the weight of IndustrialInvestor selling, there may be a odd few million to go still, but only a few months ago they had 132m, then two months ago it was 75m, also they were lending stock to short.
So it may still be a couple of weeks but it’s a big shift of stock, personally I think we’ll see a relief rally next week.
Hiya soul Avacta (AVCT) bought at 22p back in March. Wasn’t quite 10 because I sold in chunks around the £1.90 mark but what a ride!
I'm afraid the 50p mark is stamped for a reason and it is to show that they are in total control. Whatever reason they have had cannot change overnight and I dont think it had anything to do with II. The lesson learnt here is that the SP is going to do exactly want they want them to do so no Vettel share purchase or Clarkson review is going to change that. I'm afraid its going to stay at 50p mark until they allow it to change to what they want. They own this share.
My prediction 50p until the 12th and 65p on the 13th.
I truly want to be wrong and I hope I'm out of my depth. The SP at the end of next week will clarify the dynamics further. Let's hope its in 60s and I will be over the moon.
Rox; what was your other 10 bagger?
Yes Dunnie I agree but my investment strategy is all or nothing and AML is just not risky enough for me anymore.
I want another 10 bagger!
Seen the Top Gear trailer, features a ‘best of British’, with Paddy McGuiness driving the DBX, let’s hope he’s impressed.
Rox, you need to be in here, far from it be for me to give you financial advice but as you are a Aston Martin stalker you need ‘skin in the game, imagine if we rocket and RH is not in, shame.
Hiya Dunnie it all seems irrelevant now to know how many shares II owned and when they sold.
They are gone and that is all that maters.
I have trawled through AMLs RNSs so many times I could sit an exam.
If there is one RNS you should all go back and read it’s this one.
Mon, 20th Apr 2020 07:00
RNS Number : 1130K
Aston Martin Lagonda Global Hld PLC
20 April 2020
Strolls plan started then and hasn’t changed.
Now this is we’re we need Rox, our dilution guy, to do the maths.
Originally II until earlier this year had 37.5% of the company pre-dilution, say afterwards they ended up with 21%, well since May they must of sold 360m shares, say cash value of £180m.
That’s been some weight on the shares so there has been buyers of the stock, Charlotte points out that Yew Tree’s position hasn’t changed but someone’s been buying them, the difference is that they will be taking a longer term view.
But although there will have been traders buying:selling at least we know the sheer weight of II holding has been taken off the market certainly in the short term.
I’d be very surprised if there wasn’t at least a ‘relief rally’ come Monday.
Having just read Bailmaster posting about the history of InvestIndustrial the one thing that struck me was that under the old structure before Lawrence Stroll came along there was no clear ownership structure, just a load of investors who appointed Andy Palmer to run the company.
You could say Lawrence Stroll through his Yew Tree Consortium has done a similar thing in appointing Tobias Moers.
The massive difference here is the majority shareholder in Yew Tree is indeed Lawrence Stroll.
Stroll hasn’t sub-contracted the running of the company to Moers.
He has taken ‘clear command’ of Aston Martin by making himself Chairman of the company.
This allows Moers to go directly to him when wishing to make decisions, and get direct answers.
I feel this is so important and as Toto Wolff of Mercedes says ‘you need skin in the game’ or I describe it as the owners eye’.
If you own something it matters more, you live, breathe and dream about it.
I’m not ****ging off Andy Palmer the previous CEO but it was a job to him at the end of the day.
I hope Tobias Moers, Ken Gregor also have a big chunky share option deal, we need them all to have ‘skin in the game’.
But I’m happy we now clearly know who the boss is Lawrence Stroll, to him ‘it matters more’.