The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Https://www.pesmedia.com/aston-martin-to-create-400-manufacturing-jobs-at-uk-sites
Couldn't get link to open
https://www.cityam.com/aston-martin-to-create-400-uk-jobs-as-it-increases-manufacturing-on-higher-demand/
So what are the general views on this?
https://www.autocar.co.uk/car-news/business-manufacturing/aston-martin-creates-400-jobs-bolster-production
I think it's a great sign that aml are going to be very busy and has a strong future. Im looking forward to the results coming out and getting more information about their plans.
It shows that they have the demand, once the issue is clarified with the refinancing is cleared up, I think the share price will start to go north again, my opinion only of course.
If it is a cash raise, then will dilute but this is a share for the long game in my eyes.
Whether you like Stroll or not, the brand has grown and they have more external very wealthy powerful partners. I think in the long term they will do well, he has has to turn round a big rusty tanker, once the debt is under control we're good.
Advo 14.21
Good comment.
I agreed mostly of your post.
Wait for big day to see what Stroll plan is.
As you all know that I believe there will be CR but I could be wrong…
CR is best way forward I believe also we witness there 400 extras staff so it might need some money more.
It good news I think.
You probably surprised that my hutch feeling the CR will be worth more than today SP possible more than £2, because (in my opinion) Stroll need approval (AGM) with GLY and PIF so too many shares to add is unlikely so the fewer the better so I think RNS Q reports we will witness (profits) this and that and sold out this and that ….. CR for high price and fewer shares….. I could be wrong.
Apologies for putting multiple thread replies into one place...
Starting with the 400 extra jobs, the 2022 accounts showed AML had 2,473 permanent staff.
I couldn’t see a total for agency staff, but another 400 people is still a decent % increase.
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@Richard365054 – There does seem to be an interesting debate about ‘Greenwashing’ these days.
As lithium doesn't grow on trees and 1/3rd of UK electricity still comes from fossil fuels (gas).
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@MarkPatrick – Any other feedback on your DB12 test drive?
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@astonbroomes – I don’t know how you can challenge multiple false claims & lies without highlighting them? Calming stating facts and figures seems like acting like a grown up to me. Replying with the equivalent of ‘Liar, liar, pants on fire” – not so much. ;-)
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@Son_of_Swiss - “only a tiny percentage is being traded atm”
Biggest trading day in the last 3 months was 4.4m, out of 823m total shares, round 0.5%.
https://www.lse.co.uk/SharePrice.html?shareprice=AML&share=Aston-Martin-Lagonda
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@Son_of_Swiss - “at these silly prices one of the big players makes a bid and take this over”
The Big Four (Yew Tree, PIF, Mercedes & Geely) would have to offer at least £3.71 per share.
Based on highest price they paid for any shares in last 12 months, which was the 01/08/23 CR.
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Have a good day, cheers, Paul. :)
PS
Surely, the most ironic thing posted recently was “Imagine lying about…”. ;-)
You know the rampers are desperate when they start mentioning takeovers at £3.71.
LMTO.
Thanks Paul. Always enjoy your posts.
Re agency staff all agency staff that were employed in January 2023 were offered full employment with AML. The new agency posts will have the opportunity to prove themselves before full contracts are offered.
£3.71 would do me very well!!! 🤣🤣🤣
C26…. Well I sold it 3.71 and below it for C26.
It was common sense as M. Cap was above £3bill!!!!!!!!! And that RNS (now mentioned below)….
Now YOU KNOW THIS GETTING BARGAIN AGAIN for flip (buy and sell in quick) we will witness 30,40,50,60% up soon but need wait to find out when is right time to buy….. like your team….. I be in (much cheaper than your) I be out much higher than you ….. you sold too early last year Summer hoo hoo hoo hoo ….I was tad too early but very happy…… LEAVE TO LTH, I do hope they prove you wrong re- 3.71 otherwise you be in trouble from your manager 😉
@c2645sg – You know the de-rampers are desperate when they start mis-representing posts. ;-)
#Facts - @Son_of_Swiss suggested there might be a takeover bid at these current low prices.
I corrected him, by pointing out that the big players can’t launch a takeover bid at these prices.
At no point did I say, or even suggest, there was going to be a takeover bid at £3.71. < Roll Eyes >
Some much mis-representation of facts, so little time.
Have a good day all. Cheers, Paul. :)
Paul a future takeover bid would be based on the current price.
@Son_of_Swiss – Sorry, we might have been talking at cross-purposes.
I thought you meant an existing ‘big player’ buying at these low prices to reach the 30% controlling interest mark & then making a mandatory offer under Rule 9 of the Takeover Code.
In those circumstances, the offer price would have to be the highest price paid by that ‘player’ in the 12 months before the 30% point was reached (which was the £3.71 CR on 01/08/23).
Part of the mandatory offer rules allows a “Squeeze-out of the minority”. For this to happen, then the ‘player’ would need 90% of the remaining shares to accept the offer.
And I can’t see why the other ‘big players’ would agree to sell at the current prices.
Note – I’d prepared a similar answer on here before and there are more details here:
https://www.cliffordchance.com/content/dam/cliffordchance/PDF/takeover_guide.pdf
Hope that helps.
Cheers, Paul. :)
PS – I’m still not saying, or even suggesting, there will be a take over bid.