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Good work Synxs.
This is why this share is risky and long term.
They had to take out bonds to survive, and were forced to pay 10.5%.
Good thing is, if AML get things on track within a year or two, the coupon price will come down in line with less risk/credit rating rising.
MFGX, I was joking.
personal of course....
:-)
https://www.silverstoneauctions.com/events/2020-auctions/the-nec-classic-live-online-auction/the-nec-classic-live-online-auction/saturday-14th-november-classic-competition-cars/2017-aston-martin-vanquish-s-red-arrows
It’s just mental this share. Nothing makes sense other than to LTH and hope for big jumps every few months.
GLA
If I was Andy Palmer I guarantee you that I would not have allowed Reichman to do what he did. I do think AP had skills, but I think they appropriate for a main stream manufacturer, rather than a company like AML. My involvement with the brand/company is mainly historic and I was never an employee nor a director or shareholder. The reason I point to my experience with the brand is to support my views regarding styling and what the brand used to stand for and why people bought the cars. Branding is a way we all express our personality and even though this seems like something new, its not. people have always done it. After all that is why a brand is a brand. I just feel the brand has lost its way and whilst I would be comfortable if it reverted back to its original ethos, I fully appreciate that it has to compete in a modern world. Putting a positive spin on things I would say that the brand is in transition, a work in progress if you will. I would love to see the company reach great heights but at the moment that is hard to imagine. If Stroll had a strong relationship with the brand I would feel more optimistic about the future, but he is on a learning by doing curve. I spoke with a dealer this morning who says the redesigned front end for the Vantage should be in the showrooms in early 2021 and they wait to hear on the DBS. If the plan is to sort these models out, then I would expect a revision to the DBX sooner rather than later. As much as I am flattered by your Andy Palmer quip, alas I am not.
at work so dont have all details
however
quick calculations
bond cashflow
# COP-CouponPeriod coupon% ammountUSD
1 30/05/2021 10.5 56.58
2 30/11/2021 10.5 52.5
Year payment USD : 118406340
Year payment GBP : 89988818.4
3 30/05/2022 10.5 52.5
4 30/11/2022 10.5 52.5
Year payment USD : 113977500
Year payment GBP : 86622900
5 30/05/2023 10.5 52.5
6 30/11/2023 10.5 52.5
Year payment USD : 113977500
Year payment GBP : 86622900
7 30/05/2024 10.5 52.5
8 30/11/2024 10.5 52.5
Year payment USD : 113977500
Year payment GBP : 86622900
9 30/05/2025 10.5 52.5
10 30/11/2025 10.5 52.5
Year payment USD : 113977500
Year payment GBP : 86622900
total USD 1,085,500,000
Nominal min 1,000
total min nom 1085500
Total inerest USD 574316340
Total inerest GBP 436480418.4
Conversion rate USD - GBP 0.76
Price has dropped as the market has read this as a director selling, of course we know it’s a exiting director.
If the American market opens strong I’m hoping to buy around 25,000 so hopefully the price stays down, only for a hour or two.
https://www.business-live.co.uk/manufacturing/aston-martins-biggest-shareholder-looking-16511328
I am pretty sure Vettel is not driving to his ability but not because he is punishing Ferrari as such, more that he is helping Aston Martin. Kinda expected to this happen when the rumours started.
Cheers
Cheers
Yes Frank
More ex directors sales
MFGX, so now you have been associated with the company, and have professional qualifications, plus over a million shares, but of course you don’t want to disclose for fear of becoming known.
It’s Andy Palmer!!
So should the SP increase now they’ve all gone ?
Out
Dunnieboy - I have a long history with the company/brand, again I am not going to disclose the extent as this will identify me. I bought into the company in good faith. Holding the shares resulted in me paying close attention to the various manoeuvrings and I sense that this is not an honest sp. I have dealt with a lot of wealthy individuals and most, but not all, are not trustworthy. The issue here is that if Stroll gets the value of the company down, he can afford to buy it. With an honest share, even if there are large institutional blocks, a majority shareholder of Stroll's standing is not running the company. Most people in his position resent making money for other people. I have not made up my mind fully, but dumping Perez, without whom Stroll would not have bought Racing Point, poses a big question for me. A very big question. Dumping his son and bringing in Vettle (who I think is deliberately punishing Ferrari for not offering him a seat for next year) would have made sense alongside Perez, a points machine. This would raise the prize money the team would get.
In terms of shareholding I am in seven digits, that's enough. I am stuck with the share for the moment. If I am still in after the December vote, then we shall see.
Dunnie, don't trust anyone on here, especially those that say they have proof then can't even work out how to copy/paste said proof.
The new bonds are to pay off the old ones, you're correct.
The vote is to approve the placing. Payment and Admission of the placing shares is therefore conditional on the vote.
"The Company has received irrevocable undertakings to subscribe" is all that I can find. No II is going to pay upfront for shares that may not be admitted if the shareholders vote against?
Ok for once I’ll take your word, but what’s happened to the old bonds because the money raised was said to being used to pay off the old bonds?
And as the settlement date was not till November 16th, I assumed that they wouldn’t be overlapping, quite possible the old ones have been settled out of existing company funds.
MFGX, I wasn’t talking about the bond issue, I was talking about the placing.
My understanding was there are bonds being traded, but it’s the old bonds, which will be replaced by the new bonds which are not being paid for till the 16th of this month.
Let’s cut right through all the big words here and go straight to the heart of the matter.
You say you have a very large holding here, which may or not be true, but I wouldn’t hold one single share in a company I don’t trust, why are you holding shares in a company tin which you don’t trust the management?
Can you avoid ‘smoke & mirrors’ and keep the answer specific to the question, thank you.
If, as you seem to suggest that the vote is to approve the bond issue retrospectively, why is the bond being traded? I am just asking honest questions? I see people on here ball parking all sorts of numbers and wondering why the sp is stuck where it is. I am just using my knowledge and experience to consider all of those points. Obviously if the vote in December is for a consolidation, no effect on the going concern, followed by a further capital raise, which would have an effect on the going concern, then why not say so. Either there is something unpalatable in the mix, or they need someone who can draft a report better then they have. Who I am and what qualifications I hold will not be disclosed. In terms of shares, I have a significant number. I am just answering your question honestly....
MFGX, come on what could change?
The world is awash with a pandemic, anything could happen, it’s a bit like ‘subject to contract’, how them words have come back to bite most of us.
It’s procedure and it must be followed.
MFGX, the vote n December is going through legal procedures, it gets voted on by shareholders, so they are being professional & courteous by wording it in that way.
But read the all the announcements and they state that the £125m for the placing was paid on a pro-forma basis, paid up front are you suggesting that the same people who have paid will vote against it.
You trying to play ‘high & mighty’ here, don’t believe your a holder and honestly think your short.
You keep on slipping in about professional qualifications, come on don’t be shy, your dying to tell us.
Dunnieboy, I know what I am talking about. Wrongful trading is not fraudulent in any way, it just means there are consequences for the officers and so they have to both act as one (or resign) or they have to be sure of a positive outcome.
If the material concern was trading related, there would be no need to link the issue to a shareholder vote, which they indicate that can't control the outcome of. A consolidation would be a case of just moving the furniture around, and have no effect on the going concern....so what is it they are going to put before the shareholders. You are a smart focussed, I have seen your posts... what are they up to that they can't control in terms of vote that would result in a material uncertainty?