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C2645sg – 14/05/24 – Quote: 'B' ratings

c2645sg – 12/04/24 - “I'd say the company is in worse shape (more debt and payables etc) with better cars for sale than when he took over.”

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So, in April, @c2645sg says the company is in worse shape since Stroll took over.

Then in May, @c2645sg lists the ‘B’ rating AML currently has, to show how terrible things are.

Which, ironically, actually proves the company is in better shape since Stroll took over. < Roll Eyes >

Because AML’s credit rating has gone from CCC+ to CCC to B/B- in Stroll’s time.

As always, so much mis-information and so little time to challenge it all.

Have a good day 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.”

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#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.”

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#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”

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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.”

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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

@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. ;-)

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@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’?

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.

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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.

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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.

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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”

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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 1 of 6

@advocate1973 – Apologies, later than promised, but I needed the 2023 accounts to complete this.

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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

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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

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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…

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