RNS feedback and QandA- all please read04 Jun 2020 15:41
So many posts today. I was not happy with the RNS, more so the way it was worded.
So Ive exchanged a couple of emails with IR Director at AML today, voiced my view on the not so great wording of the RNS and suggested what they should be updating on...
Obviously no insider information was shared, but the RNS focus was on the employee resourcing and they had to be sensitive to that. IE not a gloating RNS.
Also it was felt no update was required on the DBX as they had provided one in May... orders continue to build over 2000 and on track for summer delivery.
I also suggested they need to be updating on Gaydon opening, Specials, debt, when the DBX first orders are ready and an updated plan when Tobias' is on board. This was understood.
Finally I did submit Questions prior to the AGM and the answers to all investor questions, will be prepared and SHOULD be posted to the website early next week.
I wont post the email exchange, I dont think thats right. but the key here is that there was a reason for the tone of the RNS,, they didnt want it to sound too upbeat when talking about likely redundancies. They assumed we already had the DBX orders.. so didnt need another update - dont agree with that one, but its building over 2000. and the plan is to continue to update on all the things we know to be important.
Now Im sure some of you wont believe the above to be genuine.. so lets see if they post the QandA to the website next week.
Hereshopin.. the plan was always to reblanace demand for the older models... so they arent sitting on dealer lots.. less models, means less staff.
what this does show is that this RNS wont be received positively by all, cos its not a blanket sunshine and lollidrops statement.. those that have researched and a re long term will get it. those who are trading wont.
RBM thanks for digging.. i couldnt see anything...
JT i can see the reasoning for it.. but i think its a missed opportunity. they could still do a dial in, without a QA. and then release a press statement. theres significant impact from having hear the conviction in your voice.
anyway, i expect we'll get a few buys today.. a few buys and then sells tomorrow.. and it may be a bit quieter for a couple of weeks.. until news on Gaydon reopening.. further updates on DBX- first orders and the Tobais arriving in August
Leon Im not really too bothered what they say- I dont expect anything negative really, and Im not expecting anything ground breaking.. but I hoped to be able to dial in and actully here them.. i want to hear Stroll's voice.. a carefully crafted messaged is a bit different to someone speaking- albeit hes likely to be reading prepared messages.
maybe cars.. but if i put my conspiracy theory hat on.. i think its a bit of spin by pseudo journalists.. and wolff positioning- i think hes made it know he wants a change of some sort.. had a chat with his mate stroll.
Point is I think the max benefit for us as shareholders comes from, going as planned.. tobias comes in.. drives us forward.. we're repositioned in 12 months.. great sales, debt down.. future secured.. brand deals in place.. all of a sudden, this isnt a risk.. all of a sudden its not just Mercedes, other firms are interested in cash cow not a fixer upper...