Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Agreed Stille. There is a clear strategy to get to a prosperous / rewarding business. Does the mgt team have the capability to execute the marketing and operational efficiency improvements required to deliver ? I think their track record suggests they do.
How prosperous will that company be, will the debt overwhelm it, what will that do for the future share price ? Less clear I would suggest, and C26 is right to flag up the downside risks. I don't think he's alone in having those risks in mind just now either, as I think the share price fluctuations confirm.
If you all look back over C26 posts you will find he’s optimistic about the brand future but also very consistent about the finances and the debt. So give him a break, thanks.
Posting history of "mywifedoesntknow".
Ramp alert!
16 Dec 2020 12:25
I have just today sold AML and bought RR. Will buy AML again, just waiting for next drop. I'm begginer so pls do not think that I know something more than anyone else who read a few articles... Just hope that new CEO will bring gain as it happend in AML…
02 Feb 2021 11:06
I am out, but only to buy after next drop. I love you AML :))
03 Feb 2021 08:25
I am back in the game ;)) Still in love with aml ;))
03 Feb 2021 08:36
My opinion is that it will rise now to 25 and than will make higher drop. We will see :) Anyway it will rise above 25 in february. ;))
C26 you are posting only here... So please stop saying how you are showing facts... You are only showing negative facts... The fact is that company is in bad shape, but it was in much worst only half a year ago... Share is more than doubled from the may last year... And yeah, company has dept, but its going in right direction. So stop posting 100 times a day. We all know your opinion and we have enough of it... Soon we will rise to 25, then to 30... And in 5 years time mby even 100...
The name's Bond.... Junk Bond. ;)
I am not offended Carpy, just prefer facts.
Don't trust anyone else who tries to hide them.
I've been on plenty BBs where a group of us has got together and made real change in a company.
You're right Mr Moers. Even my son who's also a share holder but doesn't post, tells me the same thing, I'm too polite. Habits die hard I'm afraid...40 year as a civil servant. I don't do Facebook and I'll take a more of a back seat on the BB in future. There are plenty of people on here that know way more than me anyway.
I'm sorry if I've caused any offence C26. I am just interested in your motivation to continue holding shares given your persistant negativity towards the potential prospects for the Company. However, I respect that you don't want to discuss it, so I won't ask again.
Carpy, let's just stick to discussing facts.
I don't ask you about your holding, so kindly do the same for me.
C26. You have now spent several days arguing against anything positive about Stroll and his colleagues and the future prospects of AML due to the Bonds, CAPEX, Depreciation etc. I have to give you credit for your stamina, it exhausts me just reading your relentless posts. The other day you told me that you trade AML shares as well as having a core holding. So I totally understand you trading, because you constantly talk the share down...but what I dont understand is why you have a core holding. In spite of everything you say, deep down, you must be just like the rest of us, and really believe that eventually the shares will do well. Please be open and honest admit your reasons for having a core holding.
Merci, please read the results, it's all in there, this has been discuss ad nauseum.
Loan Notes 1040m
Inventory financing 39m
Ban loans and overdraft 118.6m
Lease liabilities 101.7m
Gross debt 1,299m
The interest for the bonds gets paid Q2 and Q4 only.
Just on the interest charges as I recall there is debt of £840 million (maturing 2025) at a 10.5% coupon (£88 million interest pa) and £259 million (maturing 2026) at a 15% coupon (£39 million interest pa), both assuming no repayment of principal over the term. So that's a £127 million pa interest bill going forward on a total debt of £1.1 million.
Seen numbers around of £1.3 million debt so very much like welcome info regarding other debt ?
I think also £810 million of fresh equity was raised (including £536M from yew tree and £125M from Mercedes) but don't know of any costs to this given I presume shares were or will be issued.
I saw in the Q1 costs a total net finance expense of £26.9 million which seems a bit low ?