The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Easy bagger At these prices, should get back over 30p in no time. Will be adding first thing expect these to go on a good run. Never thought it would go under 30p ...“ 20p never” “under 20p” 17p crazy cheap
Bought today first time ever at 16.95p.
Although, is it a mistake or a good move??
Hope you do well, but for me AA has huge debts that will cause real problems. It must continue to generate cash, but with a recession looming, will it be affected?
I would honestly question any company that isn't running a debt at the moment. Interest rates and business deals are so cheap right now that any decent director would see this as a chance to refinance (as AA have done already) and invest, looking over their shoulder at competitors doing the same.
Also, with restricted travel, it is a great time to be AA as a business. Long term sees super reliable electric cars where high risk is simply running out of charge and requiring a tow/12V battery, meaning cheap fixes. AA at 17p is a big buy in my opinion.
Interesting, my calendar had 2019 final results due tomorrow, now looking at their website it’s been updated to “ Date to be determined and to be announced in due course”.
It's not just AA, its wider advice from the FCA:
Britain's Financial Conduct Authority said listed companies planning to report over the next few days should hold off so that they could better assess how the coronavirus pandemic is affecting their business.
Cheers for the info Jim800
If only I could tell you where the share price is going as easily :-)
It should be a criminal offensive not to buy these. Sooo cheap. Folk will renew car insurance and breakdown makes no sense to cancel.
Just topped up again if this isn’t an easy 150% rise then what is? enjoy
just seen price well well quick study
I'll go further. Fewer cars on road, less accidents, less claims,
Exactly - they're following the FCA advice to delay the publication of full year results, but are still giving a trading update tomorrow. Once again hoping for some good news for this company after a miserable few years!
My opinion is that this share is hugely undervalued and has great upside potential from here.
All going to make money here