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Also accumulating. It feels odd to want this fall, so I can really load up.
Alessandro - I see you've raised the same query on the "other" board. Your insinuation that AAF is cash light is either a misunderstanding of the financial position or a deramp. On the assumption it's the former - most company's hold inadequate cash at any point in time to meet their liabilities due over the proceeding 12 months. I've just done an assessment exercise for housebuilders in the FTSE as an eg - not one had enough cash. AAF's current and non-current liabilities is on an improving trend - both because debt is reducing and because revenue is increasing.
No doubt people will have their own view on debt - but in my view it's a nominal risk, and one the business is managing.
Drop looks over done now...started to accuminlate again after recent highs....GLa
How does Airtel manage debt, with about 2 bln current asset and 3 bln current liabilities?
Nice progress off the floor today. An attempt back into the 160's next week?
- I'm thinking so... :)
In the absence of any fundamental bearish news, I too could only come up with it's a case of 'buy on the rumour and sell on the news' as I too was contemplating selling all this week (and in later days/weeks rebuying :) only because the SP was Overbought condition and the near vertical climb was at odds with worldwide stock markets and geo political events casting gloom over the world's major markets since February this year. It's been impossible not to be in profit whatever date an investor bought unless it was in the past week or so. I bought late October with the intention of a buy in November and sell in May Strategy, but it's a keeper :)
In one day the SP has descended out of Overbought condition so now a case of seeing if the rate of descent slows or not as my thinking is it may well in the coming weeks do the opposite and panic may drive the SP into a case of Oversold sellers, and that would be the cue to top-up.
But first let's see if this pullback peters out quickly or not.
I think you're probably right Blubay, the market did seem to be anticipating outstanding results. We've seen these sudden drops before followed by fairly swift recoveries. If the management statement is anything to go by, they have done well DESPITE relatively challenging conditions, so potentially there is even better to come if things improve. There also seem to be multifarious opportunities to expand both the customer base and the range of services they use. The improved profitability, improved balance sheet and demonstration of rapid growth ought to be enough for a re-rating, imo.
Good results. Nothing I've seen makes me want to sell so continuing to hold for the long term.
Absolutely outstanding results, just the expected 'sell on news' as it's been building for days in advance
In my humble opinion, this morning was just a tree shake. Chart structure still intact. By the way BT.A also off this am (same industry).
Couldn't agree more ... business is strong... growing ... margins maintained despite inflation... top up time ..a gift at this price.. long term hold , buy the dips ... build a stake , and retire on the future dividend income ... this business will be debt free instead term
Very fair results surprised @ the drop
Blahblah If that is the best you can dream up to avoid actually answering my post , I am rather disappointed . What a con.
Consistent? I'd say they are pretty spectacular Yuri - the huge EPS hike, for example? I can see the SP going higher based on these eventually, unless the market has already priced it in.
The point(s) of my post, Tricky, were 1. to point out how you deliberately misrepresent what you said, to the point of changing a thread title when replying and 2. to give a heads up to anyone who wants to take advantage of your so-called "con" that it may be a good time to exploit it. hth
History shows that on any update / results is when IIs off load.
A lot are still in from sub 50p. It opened up and then the big 10% drop.
Hopefully it gets back to yesterdays close and we go again.
IMO - these are quite consistent results, good profit stability. Not much of a change expected on SP but there's support to valuation in results.
Was a bit surprised to see drop on open.
Dividends payments in acc n SP riding high ...........
enjoying the good times .........
Gla
Blahblah what is the point of your post ? We know that the sp normally makes a swift recovery from the instability and distortion referred to in the title of this thread which you refuse to acknowledge . How do you know that the sp could not be even higher but for the 10% overnight off the market mugging. ?
I have repeatedly asked you to comment on paragraph 7 of notes in the bookbuild RNS . You wont because that might require the use of terms such as " conflict of interest " or" lack of disclosure" and that would be too much of a challenge for you
ATB
Tricky, you even restarted the thread with a new title in order to re-imagine your original accusations. Another con.
Meanwhile the SP is soaring to a new high. Maybe we should brace for the possibility of another secondary placing, or "con" as you misleadingly call them? Worth thinking about, since we haven't had one for a while.
Very tasty . So far best investment in my Portfolio and worked out to be the best way of hedging against the falling £.
Weak pound will make that USD divi extra tasty :)
AAF done rather well since last Tues up over 10% for a ex div share , Pay date 22nd Jul , sold today , last tranche n kept profit in shares GLa
BlahBlah care to comment on para 7 and the the question posed in the title of this thread ?
Well AAF have cancelled more debt than they originally hoped for, it seems lenders were eager to recoup their money, presumably because they are now able to lend it out at higher rates.
The RNS persists in referring to BAIN as a "subsidiary" of AAF, but how can it be both their holding company and a subsidiary?
" The con element here is the fact that shareholders ( the market ) have to meekly take a mugging via a process which is demonstrably not free and fair . A confidence trick that they can perpetrate with immunity "
Nice reimagining of what you actually said Tricky, but it's a con, isn't it?
BlahBlah I note that you still have not commented on the possible connotations of para 7 and the fact that if the book builders can trade to their own account gives them no incentive to obtain a price close to the market price .
I also note that you do not comment on the question asked in the title of this thread I find that very illuminating .
For once and for all lets put to bed your obsession with the word con . I have previously stated that markets have to be seen to be free fair and transparent otherwise they simply cannot function . The con element here is the fact that shareholders ( the market ) have to meekly take a mugging via a process which is demonstrably not free and fair . A confidence trick that they can perpetrate with immunity .
ATB