GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full 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.
If AM shares were significantly higher over the next 18months then if MB were thinking of a complete takeover then it would possibly be brought forward as they would have significant leverage in the 20% they will own by then, it could make it look like a real cheap deal.
IMO, the impact of MB deeper involvement and commitment to AML significantly outweighs the shares they’ll receive any share dilution. What AML will be able to draw/access from MB will significantly fast forward what AML can develop and bring to market which I don’t think is being acknowledged in the SP at the moment but it will - it’s not a question of if, it’s when. SP is holding stubbornly around 62p which makes absolute sense given thats MB’s in with the extra shares they’ll receive. I really don’t see why anyone would be selling here as I think in relatively calm waters, this is the new floor. GLA
My understanding of the RNS is that MB are not buying the shares at 62.5p. The GM will authorise the additional shares and they will be issued to MB, save for a small number, as payment for Tech. There will be a second such issue. Unless the agreement between AML and MB is broken then it will be 2023 at least before the shares can be sold. Will it have an impact on the sp? Who knows. Is a 62.5p share price important to the deal? My reading is that AML are obligated to pay £28.6m if the share price is below the 62.5p, but the fine detail is not published. Whether that sp has to be extant on the day each tranche is issued, or calculated as a average over the time between 1st and 2nd tranche are all unknown/unclear. The £28.6m is 10% of the whole deal, so if the sp was below target in the short term and above in the long term, then it is unlikely the £28.6m would be called on. Not enough detail in the RNS to be sure, but perhaps it will be in the agenda for the GM.
Carpymick, only time will prove the effect of the dilution, the shares are going to MB in two stages, basically 7.5% in December, subject to shareholder approval, and another 7.5% no later than early 2022.
If AM were in the same position as now we would feel the impact of the shares, but if the company is in a much better position than now then we wouldn’t feel the impact, also MB have undertaken not to sell any shares for I think 12/24 months after the last tranche.
It’s important to realise we are not giving them away it’s a payment/payments for receiving their technology etc, so it certainly helps our cash flow.
And let’s be honest it’s the dream partnership, and hopefully they takeover Aston completely.
Hi Paul, Dunnie, 33, synx etc. I am a long time reader/addict of this BB. I have held AML shares since April and suffered the June dilution when the shares dropped back to 50p and I am worried the same will happen again when the new shares are distributed to MB and the other 2 new investors. As you know, this will occur following the AGM and prior to 31.12.20. At that point the number of shares increases from 1.824Bn to 2.298Bn. If you divide the value of the company by the increased number of shares it works out at approx 50p. I know the company is grossly undervalued at the moment but don't you think the MMs will automatically dilute the value of the shares down? I hope someone with more knowledge than me can answer this as I'm new to share investments. I hope I'm submitting this post correctly....never been on a BB before or even Facebook come to that lol.
It doesn't matter to us what MB shares price is IMO - they won't be freely available to the market like usual shares dilutions are - which is why SP tends to gravitate towards right's issue price.
And also we are in the good scenario that any SP drop which would be usual with a shares issue, is more than counter balanced by the deeper involvement with MB. Although I expected something like this for months, and in a way I'm disappointed that it was done like this.... instead of Stroll&Co awarding some of their shares to MB - as that would have been a huge positive effect on SP. IMO.
Early December.
https://www.standard.co.uk/news/health/oxford-vaccine-coronavirus-results-month-b62876.html
Seems that the piece of elastic tying the share price to 50p last month has been moved across to 62p, pinging it back there for a while.
Thanks for that. ATB
Huge three days starts today for the AML racing team which could end up being potentially the greatest achievement since 1959. The Vantage GTE Pro is already the world Sportscar Constructor's Champion. Saturday evening will reveal if they have achieved the World Drivers' Championship as well as the GTE Am Constructor's and Drivers' Championships. In total the cars and teams will have battled for 66 hours over the season - kind of makes F1 seem part time!
Thanks for that. ATB
Possibly after lunch , anytime really...
atb,
Lockes...
3rd quarter Financial results might be out later today, last year they were out on the 7th November.
Atb
Lockes...
Maybe I’m looking at this the wrong way round, but I see the 62p as nothing more than a fixed price.
My (limited) understanding is that Mercedes will be buying new shares at 62p, not existing ones.
So, AML have agreed to sell a fixed number of shares, for a fixed price, payable in instalments.
If the SP is higher at the time, as @Nevas says, it just makes it a better deal for MB.
As any other potential investors willing to pay more for AML shares in the future, don’t have the MB technology (especially EV), that AML are getting access to today, for the discounted SP in the future.
GLA
Cheers, Paul. :)
Err no.
What it means is MB will make a while load of money on those immediately!
Morning.Wait what? that means that MB will aquire shares in two years time for 62 pence? In that case,doesn't it mean that we are pretty much stuck at this price for the 2 years?
As, for some reason, I had thought it was today!
Futures tad rocky and gdp lower than expected so expect a few little shakes i believe across the markets
Glad a lot here are breaking even and making money after such long wait..
I don’t know who's worse CrankyPant at 00:12 or Philly8 at 05:10?
We are all addicts ha ha.
The wife has just asked me to turn the screen brightness down lol
Ned,
It isn’t an airport, you don’t have to announce departures ;)
It's on the agenda.
Complete waste of time...... bye
It does get very confusing coming on the AML chat and having to wade through posts that are nothing to do with AML