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Can't read it without subscribing... :-(
Gosh a lot of to n fro and mental tangoing goes on here .
Took some reading such was the diatribe ))))
And we wait as we always have until ALL the sellers have finished
Until we get a continuum of news to keep this alive because for sure it will not drive itself
I’d be mentally shot if it did Crank, you know I’m positive on AML.
It will be interesting to see how RP is treated. by owning RP this gives Stroll a way to syphon funds from AML for sponsorship and development work on the production cars. Obviously he will declare his connection, and it would be very difficult if not impossible to challenge the bills levied by RP on AML. This is a way he can recoup money he has put into AML without the requirements for a dividend to be met. MB is a clear play for both RP and AML, but only Stroll really knows what he is about.
the purchase of racing point I do not think but in the future by Mercedes yes ok with you dunnieboy
bad news? at the moment the news is good. except the sp
MFGX, I always got taught defend your battles, but carefully ‘pick your wars’, I can’t deny your a knowledgable guy.
David, I believe the takeover of Racing Point is part of the plan, but not for a while yet, selling to MB is the ultimate plan.
At the moment I feel the answer is yes and for a set reason. That said, plans can change. But I feel uneasy about the amplification of bad news and the suppression of good news.....just seems counter intuitive if the goal is to build the company.
aston martin buy back racing point. they currently do not have the means. just sponsored I hope otherwise it would be bad news for us
Dunnieboy, I trust you now have an understanding of my standing. I am fully conversant with the difference between illiquid and insolvent. I have been called upon many times to make a judgement call regarding insolvency of a company and advising those concerned. Fraud is something different. Give the point up. Also, when auditors produce a report, there is a specific meaning attached to certain statements which may not be properly understood by a lay person. The use of the word material with regard to the going concern along with other comments, were a clear alarm bell and not a low level comment. A low level comment might have stated, there is some degree of concern, but they used the term 'material'. Understanding the law around the going concern is important when a company is on the edge. The difference in emphasis is that whilst the Chairman should ensure the interests of the shareholders are kept in focus, when a company trades whilst insolvent, the focus switches to the interest of the creditors see CA. s172 (3). As far as the directors were concerned if they believed that the bond issue was going to be successful, which they sort of claim was fully underwritten as per Brendan's response to 3300, then the use of the word 'material' was OTT. If the liquidity position they have stated was not just on the day of the statement and liquidity was strong going forwards, then the question I ask my self is what undisclosed event was sufficient to warrant the severity of the qualification. the rest of your comment I will just let slide by.
MFGX, quite a history and I congratulate you on a great career, and good for you not taking **** off anyone.
Quite simply spin this every way you want, we are in at the same price as Yew Tree Consortium, even as Stroll himself.
If he took us private there would have to be a pay out, we’re on equal terms.
If he really wanted to shaft us, and don’t say it couldn’t be done because it has and often, they could have done a pre-packaged administration, and ended up with the company a lot cheaper.
But he can raise money in the public arena almost at will, but if he shafts us in any way he will be shafting MB, Wolff, Moers, Gregor.
I think the deal he will do & is possibly building up to is buying Racing Point from its current owner, which as we know is himself.
I honestly believe he can achieve all his personal & professional ambitions through merging the two, and ultimately selling the company to Mercedes.
I agree with you concern with the sp and I think that is linked to Stroll.
you think mr stroll controls the sp?
Appreciated.
Your posts are welcomed and valued and I have found them very interesting sharing in some views. Especially from a brand perspective. Along with insights on the vehicles themselves. As im sure others will agree. I may not know cars, but i do know business/strategy and brand. I work to keep my mind busy and stop me going stir crazy. However I'm still always attached to a graph somehow, be that a coffee trip or "paying attention" in meetings.
I look forward to when you have had a chance to pull a business model together to review. as mention reviewing mine it points to a successful future within measures however will be interesting to see your take.
Agree it is sad though that it isnt where it should be
Dunnieboy, it's fair enough that you haven't read all of my posts, why on earth should you :-) I have stated that I am an Ex CEO, CFO and MD and that I was an FCCA. I apologise if the FCCA caught you or anyone out. That stand for Fellow of the Association of Chartered Certified Accountants. I also held a practicing certificate to operate as a business consultant. I haven't disclosed my academic qualifications. I have had experience in preparing financial statements audited by the likes of PWC under IFRs and US GAAP. I have worked extensively in Europe and the US. I have worked in a number of sectors, including automotive. In addition to my experience as a CFO, I have owned a number of companies in different sectors and I have been involved in M&A DD and fund raising. I have no interest in impressing people, I don't play games and of course I don't take **** from anybody. :-)
David....as far as the company is concerned, Stroll is most definitely doing his best to make it successful. I will do a bit of number crunching, subject to severe limitations, to see what I can come up with. From the last annual report I might be able to ball park the breakeven point and translate that in to cars (units). I agree with you concern with the sp and I think that is linked to Stroll. The December vote requirement will be what ever it is fair or foul. My interpretation of the sp is it reflects the break up value. If the companies liquidity is good and the cars are priced correctly, the shortfalls in the design are addressed and with all the other positives in the pipeline, the sp will respond positively. Consolidation and or dilution aside, the Covid factor will diminish in 2021 and people who make money buy Aston Martins. As long as the company isn't taken private, all will be well.
MFGX, just because I question things doesn’t mean I’m on your back, surely that’s the idea of a bb.
With regard to trading whilst insolvent, that is illegal if it’s to the detriment of your creditors, and your acccountants can put your company into liquidation if they identify it, I accept it’s a tough call because ‘technically’ most co’s do so when in difficulties, often just through ‘cash flow’ difficulties.
Insolvent is not being able to meet your financial commitments as they fall due, so possibly the country could be classified insolvent.
MFGX, I don’t need anyone to fight my battles, I enjoy a good exchange.
But you have taken the ‘higher moral ground’, I could certainly match most including yourself share for share, the difference with me is I have often called my buying before I do it, so it can be checked on trades.
Obviously you’ve come on at a time that shorters are trying to exert some downward pressure, so am naturally going to be suspicious.
I try and find info to share, for the benefit of the board, but unashamedly for the benefit of my share price.
By the way you still didn’t mention your average price, nor what your ‘professional qualifications’ are, don’t go all shy on us now ‘oh wise one’.
I would like to apologise unreservedly to anyone who thought I was suggesting that such circulation of data was not welcome. DunnieBoy has been on my back all day challenging virtually everything I posted. His understanding of company law with regard to wrongful trading was completely wrong, which he conceded after constantly challenging me on the point. The comparison with regard to contribution was highlight the knowledge that is required to understand certain issues, as opposed to one of diligence and effort, which on his part cannot be faulted. I thought I was broadening the spectrum of the spectrum of contributions on the BB, but it seems that is not what some people want. I don't have to work so I trade shares as I enjoy it and as the saying goes 'having skin in the game' focusses the mind and makes it interesting. As I have stated, I have a particular affinity for Aston Martin and find it sad that they have found it difficult to be successful.
what to hope for news for the sp. I don't know what to think except to wait months / years for car sales to increase
as my initial post, if AML are reading. The last line to be precise. I wouldn't expect anyone else to be on the other end of the line
and by stating smartmouth that is attacking me, as stated already, i value your input.
I am not fighting anyone battles, dunnie can do what he likes. Nor am i attacking. the reminder of emotion is a hand to advise on some reactions you will see here.
i was pointing out 2 lines in your post after, might I add. Agreeing with you in my previous.
" It does not take a lot of business acumen to cut and paste the share volumes and generally available data. I have monitored the posts for months on the BB with people constantly expecting the sp to rise and on every occasion, bar when the sp shot up to circa 80p they have been confounded."
what i am saying is this can be read as an attack to the rest of the people on this board. Experianced and or new
I am just going to say this: a lot of people have been fooled this year and there's a master plan but we are not part of it.
Brexit and Covid are just ta few highlights on top of it and this stock wasn't even able to hold gains for a single day after "Mercedes 20% news". Talking about facts that should have been priced in and held - not rumours.
BTW - one of the reasons for my blunt and direct approach is that there may be a small chance that someone from AML will be monitoring this board. If they are, then they will know that there is concern about what they are doing and if it continues it may result in a complaint being lodged...as a result that may be prepared to back off to some degree.