The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
@LondonWatcher – We had this debate earlier this year, so read my last post in this thread.
https://www.lse.co.uk/ShareChat.html?ShareTicker=AML&share=Aston-Martin-Lagonda&thread=4476057D-192A-4CCF-8A2D-37EC7BE0F76D
In short, those ‘big players’ you listed all took part in the 1st Aug.23 cash raise.
https://www.lse.co.uk/rns/AML/proposed-share-placing-5fym4jm3s3fuyuk.html
Therefore, they couldn’t launch a bid at these low prices, even if they wanted to.
Note – I am not ‘desperately’ suggesting that a takeover is coming, just pointing out the rules.
Hope that helps, cheers, Paul. :)
@tinypie2 – you posted this link a while back, which covers the back end loading & capacity to do it.
obviously, we will have a better idea if the plan is working as the year progresses.
https://www.investing.com/news/stock-market-news/earnings-call-aston-martin-on-track-with-new-launches-eyes-growth-93ch-3413230
douglas lafferty – quote – “…those ramp-up plans are in line with our expectations currently and take us ramping up through the second quarter of this year and then into full rate in the second half of last year. and then similarly i sort of outlined in my opening, as i said, we've been preparing for this, expecting for this, recruiting for this and we're making very good progress in terms of being ready for what we know is going to be a big second half. and then with regards to our precedent of delivery, i think you just need to look at the last couple of years in terms of q4, we've needed to deliver and we have the execution capability to do that and we've demonstrated that across both plants with st athan being very, very busy in q4 2022 and ***don being very busy in q4 2023. so we have the execution capability; it's been the plan, continues to be the plan and we're confident in delivering on it.”
@c2645sg – Are you really using SSO/Karenable pro-ratings to predict AML’s 2024 annual sales?
Have you learned nothing from all the times you pro-rated & got it wrong every time? < Roll Eyes >
- - - - - - - - - -
2021 Predictions:
c2645sg – 23/11/21 – Quote: “No, we are NOT on target to hit 6000 this year. Projection this year of 5666 cars sold (based on 9 months figure of 4250).”
2021 Actual = 6,178.
- - - - - - - - - -
2022 Predictions:
c2645sg - 06/10/22 – Quote: “H1 was 2675 sales, and that run rates looks similar in H2 so far. So roughly selling 5300 ish”
c2645sg - 07/10/22 - Quote: “H1 sales were c.2500, therefore full year is 5000”
c2645sg – 03/11/22 – Quote: “AML's run rate of sales at this rate is 5500 per year”
2022 Actual = 6,412.
- - - - - - - - - -
2023 Predictions:
c2645sg – 16/05/23 - Quote: “Q1 numbers were 1,269, so multiplied by 4 for full year is only 5076, and the target is 7000”
c2645sg – 27/06/23 - Quote: “Sales in Q1 were 1200 x 4 = 5000 per year, way short of 7000.”
c2645sg - 20/01/24 – “UK sales down over 12% in 2023 compared to 2022… 7000-12% = 6160 sales.”
2023 Actual = 6,620
Which was not materially different to 6,700 market guidance, so no 2023 profit warning required.
MarkPatrick – 02/05/24 – Quote “C26: your use of language to describe Lance Stroll is disgraceful. Have you any idea what you’re saying? You should be ashamed. Reported.”
@MarkPatrick – I only had a chance to take a quick copy of that post, so thanks for reporting it.
- - - - - - - - - -
Ironically, that one word actually confirmed @c2645sg was correct when they posted this:
c2645sg – 01/11/22 - Quote: “Observe which side resorts to the most vociferous name-calling and you are likely to have identified the side with the weaker argument (and they know it!)”
As, talking of weaker arguments…
c2645sg – 02/05/24 - Quotes:
“Read 21-24 very carefully.”
“Those resolutions in the AGM look to me like Stroll is taking this private” (From Mod deleted post)
“Why make resolutions 21-24? Cash raise then AML taken private”
- - - - - - - - - -
Would they be the same resolutions that have been all the recent AML AGM notices? < Roll Eyes >
2024 – Resolutions 21 to 24
https://www.astonmartin.com/-/media/corporate/documents/share-holders/aston-martin-lagonda-notice-of-annual-general-meeting-2023.pdf
2023 – Resolutions 18 to 21
https://www.astonmartin.com/-/media/corporate/documents/agm/aml_nom_23.pdf
2022 – Resolutions 18 to 21
https://www.astonmartin.com/-/media/corporate/documents/agm/notice-of-annual-general-meeting-2022.pdf
2021 – Resolutions 14 to 17
https://www.astonmartin.com/-/media/corporate/documents/agm/aston-martin-lagonda-notice-of-meeting_210420.pdf
Honestly, the sky isn’t falling, it was just an acorn that fell from a tree & landed on your head. ;-)
- - - - - - - - - -
As always, so much mis-information and so little time to challenge it all.
Happy Friday everyone, cheers, Paul. :)
Advocate1973 – 01/05/24 - “There is nothing you can do to stop him, it just makes me laugh now…”
@advocate1973 – It is comical & here are just two examples of ‘Brandolini’s Law’ from yesterday.
#Fiction - c2645sg – 01/05/24 - Quotes:
“I hope AML007 reads this bit......
So much for the new debt paying for all the old debt like he prattled on about.”
“AML007 said the new debt would repay all the old debt.
Remember this EVERY TIME he tells you something in the future. NOT to be trusted 100%...
The company spent £80mn on financing expenses, related to changes in the US dollar and fees from paying back some of its debt early.”
- - - - - - - - - -
#Fact – @c2645sg repeatedly said the £1bn+ refinancing ‘fees’ required Q1 2024 cash:
- 18/01/24 – “Refinancing COSTS MONEY.”
- 14/03/24 – “AML have also said cash will be used to fund this bond refinancing, how much?”
- 06/04/24 – “…and all that extra cash they need for refinancing fees.”
- - - - - - - - - -
#Fact – I simply pointed out these statements were untrue/mis-leading:
15/03/24 - AML_007 – Quote:
@c2645sg – You asked this before & I’ve answered it before, did you even read the RNS?
RNS – Quote - “The proceeds from the offering of the Notes… will be used… to pay expenses and fees in connection with the transactions”
I also told you AML still had £106m left over from the money they raised last year to pay off debt.
https://www.astonmartin.com/-/media/corporate/documents/2023-results/aston-martin-lagonda-fy-2023-results.pdf
“Cash as at 31 December 2023 includes the remaining £106m of proceeds from August’s share placing, following the redemption of a portion of the outstanding second lien notes in November”
- - - - - - - - - -
RNS - 01/05/24: “Adjusted net financing costs of £53m, increased primarily due to the year-on-year impact of US dollar debt revaluations, and accelerated amortisation of fees related to prior loan notes as a result of the successful refinancing. The £27m net adjusting finance charge was largely due to movements in fair value of outstanding warrants, and the redemption premiums associated with the refinancing of the senior secured notes.”
- - - - - - - - - -
So, there was no “extra cash” required in 2024 for the refinancing fees from the £1bn+ raised in 2023 and all of the 2024 financing costs associated with the “prior loan notes”, and redemption costs of those prior notes, came out of the £106m left from the cash raised in Aug.23 to do exactly that. #NothingToSeeHere
https://www.lse.co.uk/rns/AML/result-of-equity-issue-c8j3x74zrxlapmm.html
But why let the truth get in the way of a good story. < Roll Eyes >
Have a good day, cheers, Paul. :)
PS
@advocate1973 - With all the rash of postings recently, you may have missed this:
https://www.lse.co.uk/ShareChat.html?ShareTicker=AML&share=Aston-Martin-Lagonda&threa
Wow! Someone has experienced a spectacular sense of humour failure today, haven’t they? ;-)
@c2645sg can keep posting my 2020 & 2021 share purchases if they want, I’ve never denied them.
The fact they keep ignoring what happened in 2022 just confirms they know nothing about averages.
They are still going on about directors buying at high prices in 2021, after I have clearly shown that the biggest influence on de Picciotto‘s overall AML average was NOT the 2% of 6.99m shares bought for around £18 in 2021, but the 83% of 6.99m shares bought for an average of £1.06 in 2022.
https://www.lse.co.uk/ShareChat.html?ShareTicker=AML&share=Aston-Martin-Lagonda&thread=9FBFFE45-270E-49F7-B2E1-34BD119991A4
I even gave @c2645sg a BIG clue that over 90% of my original AML holding was bought in 2022.
And, just like de Picciotto, I made money selling my 2020/21/22 AML shares in 2023.
Believe me, don’t believe me, filter me, don’t filter me, none of that changes these facts in real life.
Have a good evening everyone, cheers, Paul. :)
So, you warned us to “Never take refuge in the false security of consensus” when referring to the AML assessments made by the international ratings agencies (Fitch, Moodys & S&P Global).
Yet you are happy to post the link to this SSO/Karenable assessment three times, as if it is superior?
Just to pick up on two errors towards the end of this so called “analysis”:
SSO Nuggets Quote - “To produce these 3% more cars, it increased wages and salaries by 35%.”
This 35% ignores the fact that absolute staff numbers went up from 2,094 to 2,368 and that is before you start doing any real analysis on FTE (Full Time Equivalent), staff grades, departments, etc.
Honestly, this is amateur hour analysis at its finest, not a professional rating agency standard.
- - - - - - - - - -
SSO Nuggets Quote - “Summer Job for the Kid”
From AML 2020 Annual Report:
“Q. HOW WILL THE COMPANY BENEFIT FROM THE F1 TEAM? - The sponsorship agreement, with commercial terms commensurate with the Company’s prior F1 expenditure.”
Therefore, AML is spending roughly as much on the AMF1 team as it did on the Red Bull F1 team.
But despite being the title sponsor of Red Bull, the team colours & the team name had nothing to do with Aston Martin and everyone referred to the car as a ‘Red Bull’.
Now, the AMF1 car is in a variation of ‘British Racing Green’, is called an Aston Martin, despite the fact that ‘Aramco’ is the title sponsor, and Aston Martin share the F1 Safety Car & Medical car.
So, anyone who thinks the AMF1 deal is not a better deal that the Red Bull F1 deal knows nothing.
- - - - - - - - - -
Have a nice day everyone, cheers, Paul. :)
@c2645sg - “U OK hun?”
You are making a fuss about others not answering your questions, whilst steadfastly refusing to answer any questions directed at you, be it if you hold any AML shares, when you sold your “considerable amount” of AML shares, what were my AML share buys in 2022, etc.
You are asking for others to stop the name calling after you’ve called people “criminals”, “loons”, “woefully endowed, divorced simpletons”, etc.
You highlight Stroll’s lies, whilst ignoring your own lies about “Picciotto was buying millions of shares at £18/19”, “Priced for its 8th bankruptcy now”, Q1 2024 cash required for 2023 Refinancing Fees, Mercedes selling, etc.
And 71 posts in the last 30 days does seem to meet your own definition of desperate.
c2645sg – 06/07/23 – “The more someone posts on here, the more desperate they are.”
Do you need a hug? ;-)
@TheAnswerIsNo – You are so fake, it is hardly worth the effort of highlighting it. < Roll Eyes >
Thankfully, here is one I prepared earlier…
Professor Henry Higgins himself would have been impressed with how you vastly improved your written English in the space of just two years.
TheAnswerIsNo – 25/08/21 – Quote: “Peoples not want electric car. Cloth brain people want electric car. I not buy car which have no engine which cost much. And battery might break! Then more money for non noise from engine. It bad in my opinion.”
TheAnswerIsNo – 08/03/23 – Quote: “Essentially 80% of the cash AML raised has already been vaporized. It’s a spectacular financial accomplishment and they really should name the next model the “Vanish”.”
Unfortunately, after reaching a point where you could make an exquisite play on words with ‘Vanish’, you then ‘somehow’ forgot how to write English coherently and have reverted back to your unique version of pidgin ever since, which must be some kind of first in the world of linguistics.
Alternatively, you forgot which user name you had logged on with and gave the game away. ;-)
- - - - - - - - - -
@c2645sg – What a surprize, I’ve highlighted your false/mis-information posts on here and, in return, you desperately change the subject back to me, in the vain hope that no one will notice.
So now I don’t post my average because I’m either too scared or not prepared to stand by it?
Nothing to do with you refusing to answer any questions, but expecting others to answer yours?
Are you sure English isn’t a second language? As you clearly don’t understand the word hypocrisy.
That ‘faith’ quote is from May21 & I’ve shown, with real numbers, 2022 was the year that counts.
However, in good will, I’ll offer you another ‘quid pro quo’ deal, if you what to know my average…
“…please share with the group how many shares I bought in 2022 & how much I paid for them.”
As you might say, simple question, simple answer, we don't need more posts of your guff.
Anyway, I’m off now and will be back on Monday night / Tuesday morning.
Cheers, Paul. :)
PS
@EveryoneElse – Did I mention ‘Brandolini’s Law’?
@c2645sg – So, after highlighting your ‘double standards & hypocrisy’ in Part 6, you believe the best way to bait me into answering your question is to suggest I am “too scared” to reply? < Roll Eyes >
I offered to “show you mine” in return for you showing me where you posted about selling your ‘considerable amount’ of AML shares. So, if you are really that desperate to know, quid pro quo.
Cheers, Paul. :)
PS
@c2645sg - Are you using the Cambridge dictionary definition of ‘guff’?
Guff - noun – Speech or writing that is nonsense.
As you are completely correct that many of your quotes in my posts (“Picciotto was buying millions of shares at £18/19” or “Priced for its 8th bankruptcy now”) definitely meet the definition of ‘guff’.
Part 6 of 6
Let’s round off this series of ‘Facts vs. Fiction’ posts with some double standards and hypocrisy…
@c2645sg is clearly entitled to hold this opinion:
c2645sg – 26/11/21 - Quote: “My shareholding is none of your business AML007”
However, why then is anyone else’s shareholding any of @c2645sg’s business?
E.g. c2645sg – 08/04/24 - Quote: “Noah, whats your average here?”
As I’ve lost count of the number of times that @c2645sg has asked me about my shareholding.
These examples, 3 questions in 9 days, suggests an unhealthy interest, bordering on obsession.
c2645sg – 30/01/24 – “What’s your average now 007?”
c2645sg – 31/01/24 – “Whats your average here 007?”
c2645sg – 07/02/24 – “What's your AML pot average Paul?”
Although, the fact these questions usually come after I’ve highlighted fictional posts may be a clue.
- - - - - - - - - -
MarkPatrick – 26/02/24 - Quote: “C26: Wrong. We are not ALL waiting to hear AML007’s average. I for one am waiting to hear if YOU are invested here? Been waiting a long time. Please do tell?”
So, despite @c2645sg keen interest in other people’s AML holdings, @c2645sg will not confirm if they actually own any AML shares themselves, which does seem a rather hypocritical position.
Similarly, @c2645sg expects others to post the details of their AML share sales on here too.
c2645sg – 17/04/24 - Quote: “Let us know when you sell, please?!”
But @c2645sg never posted on here when they sold their ‘considerable amount’ of AML shares.
c2645sg – 27/10/20 – Quote: “More proof that long term thinking is better than short term. Forget wave theories. Buy a company that has this kind of potential and let it run. I won’t be selling ANY of the considerable amount I have for at least 3 years or anything under £1.50.”
For context, an AML SP target of £1.50 = £30 post the 20:1 consolidation in Dec.20.
After all, @c2645sg (falsely) claims to have called the 2021 SP peak, so it stands to reason that they would have posted something along the lines of ‘this is as good as it will get, so I’m selling now’.
@c2645sg – Tell you what, if you show me your “I sold” posts, then I’ll show you mine. ;-)
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@EveryoneElse – Apologies for the sheer length of these posts, but please see ‘Brandolini’s Law’.
https://en.wikipedia.org/wiki/Brandolini%27s_law
Cheers, Paul. :)
Part 5 of 6
These were factual statements:
AML_007 – 25/03/23 - Quote: “I stopped posting details on here.”
AML_007 – 21/01/24 - Quote: “I have already made money from my AML shareholding.
Yes, I bought shares at high prices, but I also bought shares at low prices, that’s what an average is!
My experience was similar to that of Michael de Picciotto / St.James Invest SA.”
Although, in reality, I had a few (very) small advantages over de Picciotto / St.James:
- Over 90% of my original AML holding was bought in 2022 vs. 84% of de Picciotto’s.
- I also bought over 60% of my total AML holding via a SIPP pension scheme.
- Therefore, the UK Government directly paid for some of my AML shares, at zero cost to me.
- The UK Govt. also gave me cash back, via a tax refund, reducing my AML share costs still further.
- - - - - - - - - -
The following are just a small selection of fictional statements about my AML average:
c2645sg – 21/01/24 - Quote: “your average above £15”
c2645sg – 19/02/24 - Quote: “Paul/AML007, hurry up with that AML average, otherwise you might not be able to claim(lie) you are in profit (haha) much longer.... ;)”
c2645sg – 16/04/24 - Quote: “Zero chance of agreeing with me if you can't even agree with yourself.
Bet you wish you had sold at £15 and bought at £1.50 now, huh? 90% destruction in wealth.”
c2645sg – 17/04/24 - Quote: “Then they try to tell you they are up. They can't even be honest with themselves never mind anyone else.”
c2645sg – 26/04/24 - Quote: “I guess that's not an issue to you because when you have lost so much money, it gets to the point where it really doesn't matter any more?”
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c2645sg - 07/03/24 – Quote – “You keep trying to weave a false narrative, it won't work.”
Based on the facts vs. friction highlighted above, who is the one trying to weave a false narrative?
@c2645sg regularly quotes my 2020/21 buys, but always refuses to answer my simple question:
“…please share with the group how many shares I bought in 2022 & how much I paid for them.”
@2645sg also never mentions de Picciotto / St.James buying 5.8 million shares in 2022 @ £1.06 avg.
The simple mathematics of AML shareholding averages shows that 2022 was the year that counts.
End of Part 5…
Part 4 of 6
Back to the fact checking…
c2645sg – 09/03/23 - Quote:
“Directors were buying close to £20 and it fell to 90p. They are heavily in loss, just like most on here.”
@c2645sg - There is a big difference between being down on paper & actually incurring a loss.
de Picciotto / St.James were ‘down’ £13.6m when the SP was 90p, but they did not make a loss.
Which would have happened, if they sold based on your (false) claim the company was going bust.
Instead, they didn’t lose £13.6m by selling & made £1m+ when they sold some of their AML shares.
So, yes, de Picciotto / St.James are ‘down’ today, but they will not lose/make money until they sell.
- - - - - - - - - -
This was actually the full quote used in Part 2 above:
c2645sg – 23/12/22 - Quote: “Pociotto was buying millions of shares at £18/19. If he was that bright and knew the company so well, why was he buying near the top?”
Which begs this paraphrased question for @c2645sg based on the second part of their quote…
‘If you was that bright & knew the company so well, why were you buying near the top?’ ;-)
c2645sg – 11/06/21 – Quotes:
09:17 – “Even I topped up over £22, but quickly sold again when I realised what was going on.”
11:11 - “Doyezee, I saved myself 13% by selling.”
13:12 - “Nice, hit my limit order of 1910. Keeping some in reserve in case it goes lower.”
c2645sg – 19/07/21 - Quote – “I am down a fair chunk today”
- - - - - - - - - -
So, @c2645sg saved money by selling at £22 & re-buying at £19 in Jun.21.
But were then ‘down’ in Jul.21, because the SP had dropped still further by then.
As per above, being down is not the same as making a loss, as they hadn’t sold.
However, it makes a complete mockery of their repeated (false) claims to have call the AML SP top.
Covered in more detail here:
https://www.lse.co.uk/ShareChat.asp?ShareTicker=AML&share=Aston-Martin-Lagonda&page=2&thread=16EB0448-6072-4769-97F8-D38F96A7BA54
End of Part 4…
Part 3 of 6
Back to Michael de Picciotto / St.James Invest SA and ‘Part 1’ ended with…
31/12/22 – Grand Total = 6,993,787 shares - Total Cost £20,133,986 - Avg. £2.88
25/05/23 - de Picciotto / St.James / Yew Tree Consortium sold some AML shares to Geely.
https://www.lse.co.uk/rns/AML/substantial-investment-in-aston-martin-by-geely-q94k6aqturtuixu.html
Clearly, this was a strategic decision and not the final ‘cashing out’ of their AML investment.
Still, they did sell 2,333,127 shares, at £3.35 per share = £7,815,975.
Compared to the £6,716,697 cost of those 2.3m shares (based on the average cost of £2.88).
Which gives a £1,099,279 gross profit / 16% return, excluding fees, taxes, etc.
Obviously, a £3.35 selling price is lower than the cost of each share bought in 2020 & 2021.
But the sheer number, and significantly lower prices, of their 2022 buys more than covers this.
That £1m profit compares to a potential £5m loss from selling those 2.3m shares @ 90p in Oct.22.
Meaning de Picciotto/St.James were £6m better off after ignoring @c2645sg’s bankruptcy warning!
- - - - - - - - - -
With £1,099,279 gross profit already banked, their AML balance became…
01/06/23 – Grand Total = 4,660,660 shares, Cost £13,417,290, Avg. per share = £2.88
Aug.23 - de Picciotto / St.James were part of the cash raise.
03/08/23 - 900,000 shares @ £3.71 = £3,339,000 cost
Sep.23 – Part of Stroll/Yew Tree building up their controlling percentage.
28/09/23 – 725,000 shares @ £2.57 = £1,863,250 cost
31/12/23 – Grand Total = 6,285,660 shares, Cost £18,619,540, Avg. per share = £2.96
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Sources:
https://www.lse.co.uk/DirectorsDeals.html?shareprice=AML&share=Aston-Martin-Lagonda
https://www.lse.co.uk/rns/AML/
https://www.hl.co.uk/shares/shares-search-results/a/aston-martin-lagonda-ord-10p/director-deals
AML Annual Accounts – 2021 to 2023
End of Part 3…
Part 2 of 6
Before continuing with Michael de Picciotto / St.James Invest SA, let the fact checking begin…
c2645sg – 23/12/22 - Quote: “Picciotto was buying millions of shares at £18/19.”
#Facts - Picciotto didn’t buy a single share at £19 & just 130,715 shares in the £18 range.
Those £18 shares from 2021, made up less than 2% of their 31/12/22 total holding of 6.99m shares.
Funny how @c2645sg never mentions the 5.8 million shares bought in 2022, with a £1.06 avg.
Which were all a matter of public record when @c2645sg posted their fiction on 23/12/22.
- - - - - - - - - -
c2645sg – 15/04/24 - Quote:
“Half the board were buying shares over £15, and they were all completely wrong.”
Based the working in Part 1, which had the biggest influence on de Picciotto‘s overall AML average:
- Was it the 2% of 6.99m shares bought for around £18 in 2021?
- Or was it the 83% of 6.99m shares bought for an average of £1.06 in 2022?
Which is the whole point of talking about an average, that includes high & low prices paid.
- - - - - - - - - -
c2645sg – 13/10/22 – Quote: “Priced for its 8th bankruptcy now.”
At the time @c2645sg claimed AML was about to go bust, de Picciotto / St.James had 6.3m shares.
Conventional wisdom is that, when faced with bankruptcy, you should sell your shares for ‘something/anything’, rather than keeping holding & risk getting nothing when the company folds.
If they had sold those 6.3m shares in Oct.22, around the 90p mark, they would have lost £13m!
(Ignoring the fact that selling 6.3m shares would have lowered the SP & increased the loss.)
Instead, they bought more shares in Nov.22 and lowered their average from £3.06 to £2.88.
End of Part 2…
Part 1 of 6
@advocate1973 – Apologies, later than promised, but I needed the 2023 accounts to complete this.
- - - - - - - - - -
Here is a worked example of an average AML share price calculation, using real share dealings.
Michael de Picciotto / St.James Invest SA
29/06/20 - 4,000,000 shares @ £50p per share = £2,000,000 cost
09/12/20 - 1,240,784 shares @ £50p = £620,392 cost
2020 Buys = 5,240,784 shares, Cost £2,620,392, Avg. per share = £0.50
14/12/20 - 20:1 Share Consolidation
31/12/20 - Total = 262,039 shares, Cost £2,620,392, Avg. per share = £10.00
- - - - - - - - - -
02/03/21 - 50,000 shares @ £18.98 = £949,110 cost
07/05/21 - 50,000 shares @ £18.48 = £924,175 cost
28/06/21 - 30,715 shares @ £18.71 = £574,678 cost
05/11/21 - 100,000 shares @ £17.44 = £1,744,000 cost
26/11/21 - 25,000 shares @ £14.60 = £365,000 cost
02/12/21 - 25,000 shares @ £13.99 = £349,750 cost
15/12/21 - 79,679 shares @ £12.00 = £956,148 cost
16/12/21 - 20,321 shares @ £12.32 = £250,355 cost
2021 Buys = 380,715 shares, Cost £6,113,215, Avg. per share = £16.06
Sub-Total 2020 + 2021 Buys = 642,754 shares - Cost £8,733,607 - Avg. £13.59
The above covers share purchases, but de Picciotto / St.James also had AML warrants:
https://www.lse.co.uk/rns/AML/directorpdmr-shareholding-replacement-0mnk1fkv814s1tf.html
AML’s 2021 Accounts list the de Picciotto / St.James holding as 1,150,000 shares on 31/12/21.
Therefore, an extra 507,246 shares were added by way of exercising these warrants.
(As part of the total of 1,525,926 warrants exercised in 2021, in three batches.)
Share Cost = $0.38 per warrant (paid in Dec.20), plus £10 per share option price = £10.28.
2021 Warrants – 507,246 shares @ £10.28 = £5,214,489 cost
31/12/21 - Grand Total = 1,150,000 shares - Total Cost £13,948,096 - Avg. £12.13
- - - - - - - - - -
28/09/22 - RI - 4,800,000 shares @ £1.03 = £4,944,000 cost
28/09/22 - RI Rump - 378,787 shares @ £1.32 = £499,999 cost
Sep.22 Buys = 5,178,787 shares, Cost £5,443,99, Avg. per share = £1.05
30/09/22 – Grand Total = 6,328,787 shares - Total Cost £19,392,095 - Avg. £3.06
03/11/22 - 114,000 shares @ £0.90 = £102,822 cost
03/11/22 - 118,797 shares @ £0.96 = £114,225 cost
04/11/22 - 237,500 shares @ £1.11 = £264,075 cost
07/11/22 - 95,743 shares @ £1.29 = £123,655 cost
08/11/22 - 95,000 shares @ £1.38 = £131,525 cost
09/11/22 - 3,960 shares @ £1.41 = £5,590 cost
Nov.22 Buys = 665,000 shares, Cost £741,891, Avg. per share = £1.12
Total 2022 Buys = 5,843,787 shares, Cost £6,185,890, Avg. per share = £1.06
31/12/22 – Grand Total = 6,993,787 shares - Total Cost £20,133,986 - Avg. £2.88
End of Part 1…
C2645sg – 25/04/24 - Quote:
“260k's of shares sold in 3 big transactions yesterday, who is selling so many?
Almost 50k shares sold today in 2 tranches, too.”
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@c2645sg – Why do you continue to make mountains out of mole hills?
260k sold = 0.032% of 823m+ AML shares in circulation & 50k = 0.006% of 823m.
Hardly AML ‘big’ by any stretch of the definition.
Happy Friday everyone, cheers, Paul. :)
Apparently ‘cavalry’ is the collective noun for the group of 14 x Valkyries on display in this photo.
https://en.wheelz.me/wp-content/uploads/2024/04/ASTONMARTINVALKYRIEWORLDRECORD.webp
Full details here:
https://en.wheelz.me/spectacular-world-record-aston-martin-valkyrie-supercar-parade-thrills-salon-prive-london/
Have a nice day, cheers, Paul. :)
@TinyPie2, @LondonWatcher & @Gkerr – Thanks for the links to the new DBX 707.
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c2645sg – 22/04/24 - Quote: “… chasing management to do the right thing…”
@c2645sg - So, Stroll should listen to small shareholders from LSE Chat, rather than his CEOs?
Who here has better automotive experience than Moers, Felisa or Hallmark? You? < Roll Eyes >
Similarly, Stroll/Yew Tree/Bertarelli, PIF, Geely, Mercedes & Lucid hold 71% of AML shares.
Which means they can’t be out voted, even if all the minority shareholders were united.
- - - - - - - - - -
Have a good day everyone, cheers, Paul. :)
@c2645sg – You said “tell me exactly” & then you complain the accuracy of the reply is pedantic?
Are you sure English isn’t a second language for you? ;-)
Anyway, do you still think 2024 Q1 cash is required for the 2023 refinancing fees?
Or does ‘wrong’ mean something else to you as well?
What about evidence that 2024 Q1 sales are “DB12s shipped out as demonstrators/press cars”?
Or your best guess at how many shares I bought in 2022 & how much I paid for them?
Finally, you don’t really believe your response counts as an articulate reply now, do you?
Happy Friday everyone, cheers, Paul. :)
PS
“Someone is selling big chunks the last few afternoons, another 30k and 20k sells this afternoon.”
You do know there are 823m+ AML shares in circulation, don’t you?
Where 30k = 0.004% of 823m.
So, perhaps ‘big chunks’ is another English expression you don’t really understand. < Roll Eyes >