Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
jamesbond0071977 - I wish you would have tried to answer SharetrackerA questions on how you would run the company. I am sure that you have some insights from working with them. From an investing point of view, it doesn't really matter if the top brass is useless, every firm has a price which is below fair value and The AA current seems to be there! I would guess 35p is the minimum bid possible but probably wouldn't be taken. At it's current price of 22.5p it is well worth a punt with a target of 50-100% gain! If you are right and we actually see a 15p bottom, then the risk to reward of buying now seems quite reasonable! ;)
I will be back in 21 days to tell you all that I told you so. Not long now, be quite a few nervous breakdowns on here i would imagine.
If James worked for me I would be reaching for my lawyers to summarily dismiss him.
You guys do crack me up with all your summarising lol.
James, ironically i think you're heading for a breakdown!
yeah.... pretty sure I've heard this story before...
Everyone thinks their bosses are sh*t. But there's a reason they're your bosses... no offence.
James, every one of your posts berates and rips apart The AA and yet you've been employed by the company for nearly 30 years. The AA sounds like they've provided you with a consistent salary, a pension scheme that has been reduced to a level that is still more than twice the minimum statutory level, and a secure job to allow you to live the life you live.
Can I ask if you hate the way the company is run so much, and they treat you so badly, why don't you leave?
If you say the senior management have no idea how to run a company and only the patrol staff see what is really going on, how would you run and change the company yourself as a patrol member who sees what is going on?
You remember incorrectly as usual, coming up to 30 years soon and still going strong, shame i cant say the same about the AA.
Clemoc your sailing down that great river of Denial. I see out from the inside and alarmed by what i see.
If senior management are so clueless, the bidders will surely be able to see the potential from having a clear-out, which will be in their gift once they own it. It's no reason, therefore, not to make a decent bid. The opposite in fact.
jamesbond0071977, how would turn around the inadequacy?
The only people who know the workings of this job now are us, the patrols. We see all the inadequacy within the firm everyday and we are ignored. Senior management are clueless, employing people who know nothing about the breakdown industry or how to run it, all they look at is the cost involved and how much they can make out of it, by screwing their employees over.
Wasting millions by wrong deployment and failed investments (remember the car genie, the saviour of the AA, where did that go?).
It’s going to be a long, hard winter. No company worth their salts are going to pay top dollar for the company especially the ones looking to buy it now, they will offer 15p at best but i figure that once due diligence is carried out and they realise that the company is just a big box with nothing in it they will pull out.