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Rox, I think we will open at offer, rns @ 07:00.
GLA
Well done Rox.
Just been watching from sidelines
Soz rest on this bb for butting in
Not in here
Hi Doofus! I've enjoyed your musings over on Saga as well. I came to invest in the AA through my interest in Trakm8, which supplies the kit for the AA's Smart Breakdown. I got in here at an average of 19p, so I'd be happy with 40p, though I wouldn't turn my nose up at 50p, which would go a long way towards offsetting my rather hefty paper loss on Trakm8...
Indeed let’s wait to hear some more info. Remember one of the so called analysts The times were speaking to said this would go for 5p just a few months ago..
If the 3bn is correct it’s roughly 63p but anything above that has a big impact on the price. Just 100m more takes it to roughly 85p which may be a lot more palatable and still a steal on earnings multiples.
Pianista, didn't realise you were on the AA too.
Always enjoy reading your really good considered posts. Thanks!
A bid is a bid though, and whether it's a tad over or more than that, I can't see it being topped.
I'm quite fortunate as I've come into this only recently at the end of October. For long term holders it's been a bumpy ride but some clarity will be welcome.
Let's see what happens tomorrow and that will be me closing out.
£3bn total less £2.6bn debt = £400m for the 623m shares, or 64p per share.
But "£3bn" could mean £2.9m, ie 48p or £3.1bn, ie 80p.
Furthermore, there'll be only a "modest premium" over the closing price of 33p. In the context of a bid, I suppose modest might mean as much as 20%, implying 40p.
So, FWIW, my prediction is 40p - 45p.
3billion t/o minus 2.5 billion dept = 500 million equity.
2.5 times current mcap
Sp should equate to 33 * 2.5 = 82.5 p
All this wait it must be higher than 38p. Surly. Clearing the debt would that not take it to around 57p?
38p no chance more like over 50p
Opening price tomorrow guys?
38p minimum IMO!
Good let's open with 40p tomorrow, no need with newspapers article.
Clemoc, not sure what you wear on a Saturday afternoon. but I'll wear whatever anyone wants (including suspenders) if there's a bid by Tuesday
Only thing in my head is the pe guys has been burning the midnight oil I presume for last 4 months pretty sure they can figure out by this time wether is worth a buy or not if they do another extension 5 month what would that be for that just don’t compute in my brain. Well I guess the lawyers would be happy if extension more work more feees.
Taversham. Criminals are so lazy now you need to tell them where the keys are to the Tig or leave them on the roof!!
Anyone have anything to advise as to IMM....I bought some after reading about them here .Did my own research and thought they were worth a punt.......any input would be appreciated
I think we will see a bid on Monday. I don't see another extension happening for what it's worth.
I DO see a big drop if there is no bid though. probably 20pish. but then probably a massive spike back to 40 on refinancing news.
I think whatever happens - this week will be interesting.
Thanks, Clemoc,
I suppose I'm thinking that if that want to refinance or go for an RI, the window is closing somewhat. Rules that allowed businesses to increase share capital so easily end on the 30th of November.
This is the press release from the Financing Reporting Council - https://www.frc.org.uk/news/november-2020/additional-flexibility-on-non-pre-emptive-issuance released yesterday.
I think there will be an announcement before the 30th of November (not just an extension which must be announced by Tuesday) and if not, I think we're in for the long-haul, but this wouldn't be the only position I have which is for the long-haul. My retirement is looking a little further away!
I'd hoped something was going to be released yesterday, and not fully understanding the delays.
I'm still fairly new to having some decent amount in UK stocks, so forgive me, but if the PE had fallen through, wouldn't it have been announced? Can a three-month delay be due to the PE trying to get a better deal? That would tantamount the negligence from the board of a PLC, wouldn't it? An extension to me means more due diligence or working through the numbers, and maybe complicated over the recent ruling on insurance pricing, and legal teams.
Some understanding of the process from much more experienced investors would be greatly appreciated - I've done as much reading as I can, but my brain's beginning to hurt. I've been building a portfolio over the last two years, many of them for the longer term, but some, like the AA, in the hope there may be an uplift, in for a short time, and this one is the most confusing one I have.
Jackin... Range Rover - Tata really messed up there didn't they? Spent the first six - seven years (after takeover in 2008) chasing the ultimate clean diesel whilst every other manufacturer was concentrating on EV. Baffled!
Clem , I am also in the Cotswolds -and i thought it was just the car that was the trouble.
Anyone heard very recent chatter regarding a swoop by Lone Star?
Jackin, I leave my keys in my tiguan and no one has stolen that either !