@c2645sg – How have I lost money trying to win an argument?
Or are you saying the AML SP will never rise above £15.21 every again?
My faith is based on all the positive facts included in that link.
You know the facts you carefully choice to ignore.
(E.g. Always mention job losses at St Athan, but never the hiring of over 300 engineers.)
Anyway, how can you see my posts, but not any of my questions?
Is it “because it suits you not to have to answer the difficult questions I have”?
Either you don’t hold AML shares, which would make you a liar.
Or all the facts you post are not your true view on the future of AML.
(Which would just make you economical with the truth.)
Twas always thus, and always thus will be.
PS
Back in May 21, I wasn't expecting to reach 2 years of WFH in Mar.22 either.
But that is the grim work anniversary I am currently heading towards.
I actual went to a leaving bash in central London last night.
First time I'd seen my work mates in real life in over 20 months!
Latest variant in Africa shows that Covid is still in play today.
Which, for me at least, puts the AML turnaround in context.
The AML SP is now below my overall average holding price of £15.21.
(Still higher than my 2020 average, but lower than my 2021 average.)
Back in May 21, I thought a £15 SP would break my faith in Stroll, Moers, etc.
But today, six months later, my faith is still there and not deterred by the current £14 SP.
The other day, @Vorlich001 posted this link:
https://amsc-prod-cd.azureedge.net/-/media/corporate/documents/results-centre/2021---results-centre/presentation---gaydon-investor-site-tour.pdf?rev=f85c847d0a3040eba175e68d741ece0d
I like the AML strategy and it confirms my original decision to remain a LTH (DYOR).
Clearly, I have not lost any money from my AML shares at this point, as I haven’t sold.
Just like I didn’t make any money when the SP was £22 and I also didn’t sell.
Could I have made more money by selling at £22 and buying back at £14?
Again, clearly, yes, but if I was that good, I’d be doing this for a living! ;-)
Am I making the right call?
Who knows?
But the good news is that it is my money and I can do what I like with it.
Cheers, Paul. :)
c2645sg – 24/11/21 – 18:14
Quote – “Note that Stroll has not bought any since 62p, and Ken (CFO) has never bought any at all.”
- - - - - - - - - - - - - - - - -
@c2645sg – OK, noted, but what exactly is your point?
Is it that you clearly have more faith in AML than its own CFO?
(Ignoring the CFO's 40,000+ of share options for now.)
After all, you say have bought AML shares and you say you are still holding them.
So, are you holding AML for any reason other than to make money from it?
(Especially as you are “mostly in cash now”.)
Honestly, it is a really simple question…
If all the ‘facts’ that you post haven’t stopped you holding AML, why should we worry?
Cheers, Paul. :)
PS
I'll reply to your faith/facts quote in the morning.
Well, assuming that you have finally answered the question by then.
(Quid pro quo and all that.)
Quote "And yet they are still arguing, you couldn't make it up!"
Who is arguing with you?
I've just asked you a simple question...
If everything you have posted is true, why do you still hold AML shares?
Not why do the, so called, rampers hold their shares, but why are you (Mr Fact) still holding?
Have you not lost most of your profit too?
Anyway, I've got to go now, but I will write a proper reply to you at some point.
Cheers, Paul. :)
c2645sg – Quote “Hard facts like I have been quoting for over a year?”
@c2645sg – Sorry, only time for a quick reply now.
But please make your mind up…
Either:
You have been quoting hard facts for over a year and then completely ignoring them yourself.
(As you continue to hold AML shares as recently at 18/11/21.)
Or:
You do not hold AML shares and are posting lies on here.
Which is it?
@c2645sg – You have started this new thread about cash without putting it into any context.
So, would it help to consolidate some of your other recent posts about cash here?
- - - - - - - - - - - - - - - - -
c2645sg – 01/10/21 – 16:06
Quote - “AML will need more cash in the next 2 months, probably same day as results, they will try to make more horrible figures look good, then hit us with more bonds just before 4.30 on results day.”
c2645sg – 04/11/21 – 08:27
Quote - “Cash raise coming soon...”
c2645sg – 09/11/21 – 11:30
Quote - “I'd be very surprised if they didn't have to raise more cash before February.”
c2645sg – 19/11/21 – 09:14
Quote - “Creating new bond debt every few months £1.3bn total. Last raise was £77m in Feb ’21.”
- - - - - - - - - - - - - - - - -
@c2645sg – Good news first, we (“us”) didn’t get hit with more bonds on results day.
Although, obviously, there is still a week for your 01/10/21 prediction to come true.
And, if there is a bond raise next week, that would also cover “soon” and “before February”.
But you can’t list “every few months” as a “fact”, when Feb.21 is NOT a “few” months ago now.
- - - - - - - - - - - - - - - - -
@c2645sg – Before your 01/10/21 post, the SP was in the £19 range and it is now in the £16 range.
So, if you were worried about/predicting cash raising, why didn’t you sell your AML shares back then?
(Especially as you were also predicting “more horrible figures” at the same time.)
If you really think things are not going to get better at AML under Stroll’s ownership, why hold AML?
(Your words on 18/11/21 – “I am an unhappy shareholder”.)
You apparently don’t like this BB’s positively, but you holding AML is the most positive statement here.
After all, if you are still holding AML after all the negative stuff you post, why should we worry at all?
Cheers, Paul. :)
@Picachu – What links to me? {Mock Shock}
You might want to narrow the list of possible Pauls down a bit.
;-)
- - - - - - - - - - - - - - - -
@c2645sg – Why mention this cash raising, if it didn’t stop you holding on to your AML shares?
If you are not going to listen to your own posts/advice/’facts’/warnings, why should we?
Cheers, Paul. :)
c2645sg – 21/11/21 – 11:51
Quote – “Aston's reported EBITDA is completely fake”
- - - - - - - - - - - - - - - - -
@c2645sg - And yet you still hold your AML shares, so why is that?
- - - - - - - - - - - - - - - - -
Also, you did read the message (shown below) in the ‘Reply” box before you posted?
“Important Message from the Financial Conduct Authority
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse. This could lead to an unlimited fine and up to seven years in prison. If you have any information, concerns or queries about market abuse click here.”
#Fact - Stroll and his associates have full control over AML and how it is run.
- - - - - - - - - - - - - - - - -
@c2645sg – Why haven’t you sold your AML shares if you think Stroll is so bad?
(Your words on 18/11/21 – “I am an unhappy shareholder”.)
You appear to hold Stroll in complete contempt and yet you still hold your AML shares.
(Despite, again in your own words from 10/11/21, “I am mostly in cash now...”)
You predicted a slowing deflating equity market (10/11/21), making cash is a ‘safe haven’, fair enough.
However, this must put your own view/ranking of your AML shares as a safer bet than cash?
"Way to go Stroll!" indeed. ;-)
c2645sg – 19/11/21 – 10:33
Quote- “I guess I have been wrong all along”
- - - - - - - - - - - - - - - - -
@c2645sg – Wrong about what?
Only yesterday you were an “unhappy shareholder”.
- - - - - - - - - - - - - - - - -
c2645sg – 18/11/21 – 11.12
Quote – “I am an unhappy shareholder. The share price has dropped from £23 to £16 this year”
- - - - - - - - - - - - - - - - -
@c2645sg – So if you have been “right” all along, why are you still an AML shareholder?
Especially, as last week you were “mostly in cash now”.
- - - - - - - - - - - - - - - - -
c2645sg – 10/11/21 – 16:11
Quote - “I am mostly in cash now... watch the equity bubble deflate when rates start rising.
I doubt it will pop,. but worse.... slowly deflate.
…I am beginning to doubt this company will manage to survive until 2025 without serious change.”
- - - - - - - - - - - - - - - - -
@c2645sg - “Mostly in cash” suggests you have sold other shares in your portfolio.
(Presumably to maximise your gains/limit your losses if you predict their SPs will slowly fall.)
To be clear, this is fair enough, it is your money, do what you want and everyone should DYOR.
But it does beg the question…
Why didn’t you sell your AML shares at the same time as the other shares in your portfolio?
Especially, if you think the equity market in general is going to fall.
And AML in particular is being run so badly/into the ground by Stroll.
You are actually predicting he will repeat his Asprey mistakes and you will lose everything.
So, given the ‘facts’ as you are presenting them, why haven’t you sold your AML shares?
I know why I haven’t sold, as, clearly, I am a deluded AML fanboy who expects the SP to rise. ;-)
Cheers, Paul. :)
c2645sg – 19/11/21 – 09:14
Quote - “All facts : Current court case: Stroll tears up the Nebula agreement over Valkyrie, Valhalla and Vanquish production. Nebula are expecting 20-30m per year for financing the project. Either is costs a fortune to win, or they lose and have to pay royalties on every car sold.”
- - - - - - - - - - - - - - - - -
#NotFact
@c2645sg - You are still mixing up your either/or logic.
Either:
- Lose case – Spend millions on legal fees AND pay the royalties
Or:
- Win case – Spend millions on legal fees BUT don’t pay the royalties, thus saving money
I have no idea whether AML’s legal fees and lost deposits could be included in a ‘win’ settlement.
But the AML RNS outlines how not receiving the deposits was outweighed by the royalty savings.
(Note - AML’s legal case is also supported by a group of customers.)
Cheers, Paul. :)
RNS – 22/06/21
Aston Martin Lagonda Global Holdings plc ("Aston Martin" or "the Company") announces that it is filing for civil legal proceedings against Nebula Project AG and, with the support of a group of its customers…
The net financial impact to Aston Martin of this extraordinary event is expected to be positive over time, as the financial impact of not having received all the deposited funds, is expected to be outweighed by the benefit from the termination of the Nebula agreement and associated potential royalty payments.
NoahsArk - 19/11/21 08:38
Quote - "We know why some posts missing since last night."
@NoahsArk - Which is why I have a copy of posts/quotes in a separate Word document. {Wink}
Which is why I can re-post this message that was originally on the Nice RNS thread.
(No idea why this was deleted, but probably due to other posts on the thread.)
@TinyPie – Thanks for all your recent posts and messages.
This RNS makes four buys associated with Michael de Picciotto in 2021.
2021 Total = 230,715 shares @ £18.17 avg = £4.1m+
Whilst this is 100x more shares than I own, at least my average is lower. {Wink}
Good luck, Paul. :)
Of course it sounds familiar, you keep bringing it up.
E.g.
c2645sg – 15/11/21 – 16:24
[Quote]
Doing your homework on him shows him up to be a completely egotistical liar.
The first sentence of the 'beyond the grid' podcast was:
"I have a great track record of winning, at everything I’ve done”
He seems to conveniently forget that he drove his last business into administration and lost hundreds of millions of pounds.
I’m not sure how much more proof people need.
[/Quote]
What was this “last” business you are talking about?
It certainly wasn’t Asprey & Garrard, was it?
(As Stroll was out of that business in 2006.)
If you exclude Racing Point, would that make Michael Kors his last business?
(Sold his last shares in 2014.)
https://www.forbes.com/sites/edwindurgy/2011/12/07/hong-kong-investors-to-take-massive-profits-from-michael-kors-ipo/
So, either you are:
- Not doing your homework
- Not understanding what the word ‘last’ means
- Posting statements as facts, when they clearly are not
Cheers, Paul. :)
c2645sg – 15/11/21 – 16:24
[Quote]
Doing your homework on him shows him up to be a completely egotistical liar.
The first sentence of the 'beyond the grid' podcast was:
"I have a great track record of winning, at everything I’ve done”
He seems to conveniently forget that he drove his last business into administration and lost hundreds of millions of pounds.
I’m not sure how much more proof people need.
[/Quote]
What was this “last” business you are talking about?
It certainly wasn’t Asprey & Garrard, was it?
(As Stroll was out of that business in 2006.)
If you exclude Racing Point, would that make Michael Kors his last business?
(Sold his last shares in 2014.)
So, either you are:
- Not doing your homework
- Not understanding what the word ‘last’ means
- Posting statements as facts, when they clearly are not
Cheers, Paul. :)
[Quote]
c2645sg – 15/11/21 – 13:43
“That's what no-one knows: What the deal was exactly between Palmer and Nebula.
And that is my whole point, Stroll either wastes millions on a court case or pays the royalties in the contract.”
[/Quote]
First of all, the deal is between AML and Nebula, not Palmer in a personal capacity.
So, AML’s lawyers know exactly what the deal was and what their claim is based on.
Second of all, you appear to have mixed up your either/or logic.
Either:
- Lose case – Spend millions on legal fees AND pay the royalties, which would be a waste
Or:
- Win case – Spend millions on legal fees BUT don’t pay the royalties, which would not be a waste
I have no idea whether AML’s legal fees and lost deposits could be included in a ‘win’ settlement.
But the AML RNS outlines how not receiving the deposits was outweighed by the royalty savings.
(Note - AML’s legal case is also supported by a group of customers.)
Cheers, Paul. :)
RNS – 22/06/21
Aston Martin Lagonda Global Holdings plc ("Aston Martin" or "the Company") announces that it is filing for civil legal proceedings against Nebula Project AG and, with the support of a group of its customers…
The net financial impact to Aston Martin of this extraordinary event is expected to be positive over time, as the financial impact of not having received all the deposited funds, is expected to be outweighed by the benefit from the termination of the Nebula agreement and associated potential royalty payments.
@TinyPie & @Davffed1984 – Agree that we know the jobs losses are not ‘random’.
AML Q3 Results Statement:
“DBX represented over half of the core mix with 2,186 units despite being impacted by the planned phased ramp up of St Athan through September, following efficiency actions completed in August.”
'Project Horizon' - Delivering operational excellence, agility and efficiency.
“St Athan plant efficiency actions complete, benefits building through Q4”
No offense to those who lost their jobs.
But St Athan ramping up to build more cars, using less people, is the sign of an efficiency programme being delivered.
Cheers, Paul. :)