AA Share Price (AA.)

20-Sep-19 17:28:18 66.20 405,182 Buy* 65.70 66.10 £268.23k O
20-Sep-19 17:25:04 66.20 66,441 Buy* 65.70 66.10 £43.98k O
20-Sep-19 17:24:45 66.20 47,927 Buy* 65.70 66.10 £31.73k O
20-Sep-19 17:10:16 66.20 405,182 Buy* 65.70 66.10 £268.23k

>> So does this mean that any good increase in sales/profit has already been built into the sp or could we be looking at a nice rise to 70p+ ? <<
If you asked a fund manager with high levels of intelligence (or Woodford) and using a team of analysts and computer models, even then only a small percentage get it right, and only because their analysis and stock picking are in fashion. And the fashion for the past few years has been on global growth stocks with a sector bias on technology and not flat revenue value stocks or those in GBP (brexit). Can the AA be a growth company? From what I read on ADVFN forum and others are that the staff have been working incredibly hard. We have seen real progress being made in the last set of updates and also on the website with Smart Breakdown and a superior App that updates you on the progress of the van. The RAC and Green Flag products and service are poor in comparison.

So we should be getting the half year results next week and in the Aug rns they issued this pre close trading up-date.
AA plc today publishes a trading update for the six-month period ended 31 July 2019. We expect to see Trading EBITDA at the half year to be ahead of last year. As with previous years, we expect performance to be weighted to the second half. Our paid membership base is stabilising, we remain on-track to deliver Trading EBITDA growth this year (FY20) in line with current market expectations and we expect to generate strong free cash flow growth in line with our guidance.
So does this mean that any good increase in sales / profit has already been built into the sp or could we be looking at a nice rise to 70p+ ?

BoA selling has to help to keep the rise at a sensible level. BoA is needing to reduce investment in equity's as they do not want to get into a situation during the financial crisis and is heavily sceptical in their press. On the flipside, we do not know who is buying yet. Can't believe Odey had the cheek to add to their short position on the 16th. @Rou123 keep us posted on the charts. Thanks.

I view this as a healthy pullback to current trend line. Would be nice for the rsi to cool down further on the daily, currently in a falling wedge which should theoretically break out to the upside in coming days