Roundtable Discussion; The Future of Mineral Sands. Watch the 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.
Prestige Motor Holdings S.A. and Preferred Prestige Motor Holdings S.A. have ceased to have any entitlement to the shares transferred as collateral on May 18, 2020.
They were used as collateral as per the RNS the share price has held up and there are some chunky buys in there
Most likely because they are expecting the price will be lower in the coming weeks. With so much uncertainty going on right now (protests, 2nd wave corona, US-China tension), the auto sector is probably one of the most risky ones to bet on right now.
CC that's how I'm reading it - the numbers from the 20th May RNS seem to be aligned - and they appear to have had an expiry of 2nd July this year, so always look like they would be returned.
Don't quote me on that, but i'm resting easy tonight on that thesis :) Shame Reuters couldn't have done some research before releasing as 'news'
So what you are saying is that these shares were used as collateral in the short term and now have been returned?
Yep no11.
Prestige Motor Holdings S.A. and Preferred Prestige Motor Holdings S.A. have ceased to have any entitlement to the shares transferred as collateral on May 18, 2020.
Collateral in May*
Looks to be linked to these two RNS:
https://www.proactiveinvestors.co.uk/LON:AML/Aston-Martin-Lagonda-Global-Holdings-PLC/rns/820822
https://www.lse.co.uk/rns/AML/holdings-in-company-dq1rkwvb7zsh118.html
Were they given these shares as collateral in March, and have just given them back?
Jesus your posts are difficult to read sometimes @WHITEGHOST!!
The RNS is a little difficult to decipher. Did they just transfer the shares from one entity to another?
With the rights issue that I read they contributed fully to, without anything additional going on that averages them at £2.24.
They're not going to have parted with that many shares at a loss....
CC just had read your latest posts ...
CC,
Undisclosed price I think so.
I wouldn’t surprise if SP is 10p (Wooooooooooaaaaaaaaah WG I don’t mean AML :-) ) ... purchased far much above under undisclosed but yes it would be struggle to think if they got £10 back but one of possibilities they got more than today SP and (£10 is before RI, so it about 2-3£? From top of my head,
Does anybody know the regulations regarding a major shareholder selling 30,000,000 shares. Do they have any restrictions if they are not part or connected to any of the board?
If we find out a deal was done at £1 or above then that would obviously be great.
Yes, I actually don’t know if this was just a general share sale over a period of time or this is a deal done with Merc for example.
It would be a worrying sign if they bought at £10 and sold at 50p.
That's what I want to know. Balancing RNS to say Stroll has increased holding by 30,000,000 would be nice.....let's wait and see tomorrow. There are things happening within AML that none of us are privy to. Could easily be very positive news for us.
investor24021.. the reason MB AMG would want AML is because they would have two different brands.....
two brands .....selling to two ....different customers....
a huge amount of Research and Development budget goes into development of the platform...
So if MB AMG own AML..in basic terms , usiing the same platform ....means selling two cars, for the price of one.....example..
means bigger profits....
Well yes Pau1Oz that's why we are discussing isn't it
Isn't the important thing right now.... who did they sell them to?
19 July, 2019 | 9:04AM
Email Form
(Alliance News) - A major shareholder of Aston Martin Lagonda Global Holdings PLC is to increase its stake at a cost of GBP68 million, the investor said Friday.
Strategic European Investment Group Sarl was set up last December, and is a subsidiary of Investindustrial VI LP, a fund managed by Investindustrial Advisors Ltd.
Investindustrial Advisors also manages Prestige Motor Holdings SA and Preferred Prestige Motor Holdings SA, which combined own 31% of Aston Martin, a member of the FTSE 250.
Strategic European is to buy 6.8 million Aston Martin shares at GBP10.00 each, for approximately GBP68.4 million. This will take the combined stake of Investindustrial Advisors' funds to 34%.
Aston Martin shares were 3.1% higher on Friday morning at 992.85 pence each, just over half its initial public offering price last October of 1,900p.
This comes after Strategic European at the start of July said it was mulling buying a 3% stake.
Doesn't appear very good especially 2days prior to AGM, is there something in the post?
Bought a lot of them at £10 a share too
One of the biggest shareholders sell 30,000,000 shares. Let’s discuss?
I know this may be just my thinking but if a company like Mercedes-AMG wanted to buy out this surely they would want companies like this out? Just an idea of mine. Wednesday will be hit or bust no need to get itchy feet yet though long time ahead. All these Mercedes link takes a bit of truth a boom! Be at a £1 same is today with DLAR right news and it’s up 218% even went to 269%.