Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Crank, in fairness Charlotte always responds, good relations with shareholders is definitely part of the plan.
She did ask what 3300 is going on about with Donkeys & carrots,lol
Have a great weekend 3300 and everyone.
Anyone ever play Altered Beast ....?
Rise from your grave
AMGDF:US ÷ 5%
80.
Next :
Junk Bond RNS
Rise on Monday.
Status Upgrade
Another rise
Waiting game
Asked Charlotte what’s the timescale on the bonds, response below.
Hi,
Anything below Moody's Baa or S&P BBB rating is defined "Junk grade", with anything at or above those levels defined "Investment grade". Our ratings are below that threshold, so yes. Sure you have seen improved outlook from Moody's yesterday and re-iteration from S&P today.
As soon as we have priced we will announce to the market (we have to under the regs).
Kind regards
Charlotte
Its 54.12 after auction. 5.5% increase
Good close at 54.25, what is next though?
Nice finish at 53.90 hopefully 60s next week.
Suggests to me...realised first offering not enough and winging it...
As you would if you got over subscriptions
Do we all know here they've increased the bond sales...ive only just come on.
So apologies if im telling you old new
Suggest junk bonds sold..
Or we'd be paddling backwards...
54.8 plus would be even better
Hold this sp into close.. be perfect
ahh no worries. caught up this aft in meetings and saw teh 10% yield posts... you know what i was thinking, just on mobile so couldnt pull up CB to get them
We are in a near zero interest rate era in the US, if it was any other time I'm sure AML had to pay a lot more so another plus.
Anyone got the new bond codes?
The other one to follow are TESLA and APL.. Their valuation is sky rocket, based 100% increase every year for next 20 years.. I would stay away from them..
Dunnie, I have been following your posts for some time and appreciate the effort and insight they provide. In terms of value for AML there are a few stress tests that can be applied to get orientation. The two formal methods of valuation for any business are ‘the going concern’ and breakup’. The share price as it is linked to enterprise value is usually a multiple of EBITDA give or take market sentiment. Valuing intangibles on the balance sheet is very difficult as this is often a manipulation of the rules framed by strategy. AML will want to retain the max value of intangibles to bolster the BS, but this would not necessarily be realisable under the breakup valuation. An earlier poster also referred to the brand value, but of course this is not on the BS at all. Looking at the numbers based on the current shares in issue an sp of over £0.54 is key as this will give a formal market cap of £1bn. This is a good number to build on for investors, both debt and equity. Based on the enterprise value represented by the BS an sp of over £0.91 is important as this will represent a share price that is on par with the enterprise value. This would ward off a hostile takeover as it would far exceed the breakup value. I would muse that the current share price is probably a fair reflection of the risk in the business and it is fair to say that as the liquidity horizon is pushed back, then the share price should improve. If todays bond issue is successful, I would expect a rise in the sp, but always have in mind that the market generally is in reverse at the moment so it might take a while for a step advance in the sp. No need to be despondent if there is not an immediate jump in the sp.
more be falling
Rob, Motley Fool did a good piece on AM, instead of the mkt cap they looked at the ‘Enterprise Value’, basically throwing everything in stock, value of factories, land owned, debt and cash in hand.
They valued the co at 1.66bn, that was before the latest fundraising and the sale of the bonds, so that should have took it up to between 2-2.5bn.
That against a mkt cap of 1bn.
It’s a bargain.
3300, I think that is the date when the UK is out of the EU. I mean the date for a deal or no deal. It was set to 15th of Oct. but it was extended.
Does anyone know when the Brexit trade talk deadline is?
Grrr typos try again..
New Factory
New SUV (DBX with solid order book)
New Investment from Lawrence Stroll (skin in the game)
New CEO from AMG (Tobias Mores)
Two upcoming Bonds 007 and £££
Beautiful car portfolio.
25 x New DB5 at 3.3 million each
New tech deal with merc
F1 Racing Point to become Aston Martin
What more do you want? :-)
New Factory
New SUV (DBX with solid order book)
New Investment from Larance Stroll (skin in the game)
New CEO from AMG (Tobis Mores)
Two upcoming Bonds 007 and £££
Beautiful car portfolio.
25 x New DB5 at 3.3 million each
New tech deal with merc
F1 Racing Point to become Aston Martin
What more do you want? :-)