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Todd, not see you post for a while, not sure if you got a new position as waited for it to drop back again.
At present I would like to point out, me holding and not trying to trade it has now achieved 100% profit.
This has plenty of legs yet though.
I know dude. Not been on. Shorted aml instead at 75p this morning. I’ll be back sig looking good but don’t trust markets are in full recovery yet. My own opinion but we all know that the markets haven’t even felt the effect of covid 19. Delayed imo. But me and you Birdseye me clearly got of on the wrong foot. Good luck to you anyway.
Sorry shorted aml at 77p not 75p
cant believe how many people are investing in AML. not surprised your shorting it. Loss after loss the figure don't lie . they are horrific. believe I'm correct in saying they made a 80 million loss first quarter ? SIG on the other hand has now got a great opportunity to fore fill share holder value and returns.
I was shorting at the 6.3x level never thought 28p another lesson learned if I’d held could of retired at the age of 38
Any dips Birdseye and unfortunately for you , you will have the pleasure of my company again.
Then you need to read a little more and AML and the level of expertise they now have turning the company around @smorrisjones. Why are so many investing in it? Because it's massively undervalued, and they can understand how it can be turned around. THAT is where the big win is! There's not much point investing in a company already winning is there...
AML can easily be 100% in weeks..... as it is already up 100% from 2 weeks ago. And can easily be double that again in 18 months.
personally think you are crazy to think that, as i strongly believe its overvalued for a loss making company. but your open to your opinion as so am I. Big losses equates to a falling share price.
Just looking at the surface numbers would bring you to that conclusion yes.
It's already fallen to account for the poor figures @smorrisjones....
Why the huge debt? Partly because they've spent several years developing a whole new SUV model, bought and kitted out a new factory just to do that, pre sold over 2000 of them - then Covid hit.
IMO that's more 'investment', rather than debt. Return from that very shortly to be realised, in a matter of weeks.
They're releasing 25 of the Bond edition DB5 at £3.3mill each and have pre sold all of them - thats a nice immediate cash win! The plan to destock dealers to reduce tied capital has actually been helped by Covid in a way.... furloughing staff the cheapest factory shutdown you could ever hope for.
AML wouldn't actually go pop - the brand name alone is too valuable for that. It would always be sold instead. Shareholders who bought in anywhere near the current SP wouldn't lose out in that scenario either. IMHO ;o)
Not ramping, just explaining my POV
How's your AML short going @Todd1234 ;o)
Yep........he is full of SH&T.......boards down need this nonsense.
Anybody agree with a 42p close which will just keep the meter ticking over. No big drama days of 10% plus , just need steady steps back to 60p.....
Never seen a share go up after announcing an intended issue of more shares at a lower price than the current price, baffled.
The greater majority seem to have liked it. I doubt they are all baffled.
In the grand scheme of things its not a big deal. The fact however still remains that SIG have done a reasonably good job of weathering Covid19 with limited disruption to service delivery (Plus the SP at the beginning of the year sat at 200% more than the current)
Buy, Hold and wait for double money!
Look at Restaraunt Group it has tripled with the issue of new shares a few months before they had a deeply discounted rights issue in which they overpaid for Wagamama. Yet the SP has hit 75p from 29p!!! SIG will be 60p by mid July, unless something big happens with the DOW.
I feel it may stagnate after 60p, hood i'm wrong.
Good in and out quick