George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Apologies for putting multiple thread replies into one place...
Starting with the 400 extra jobs, the 2022 accounts showed AML had 2,473 permanent staff.
I couldn’t see a total for agency staff, but another 400 people is still a decent % increase.
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@Richard365054 – There does seem to be an interesting debate about ‘Greenwashing’ these days.
As lithium doesn't grow on trees and 1/3rd of UK electricity still comes from fossil fuels (gas).
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@MarkPatrick – Any other feedback on your DB12 test drive?
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@astonbroomes – I don’t know how you can challenge multiple false claims & lies without highlighting them? Calming stating facts and figures seems like acting like a grown up to me. Replying with the equivalent of ‘Liar, liar, pants on fire” – not so much. ;-)
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@Son_of_Swiss - “only a tiny percentage is being traded atm”
Biggest trading day in the last 3 months was 4.4m, out of 823m total shares, round 0.5%.
https://www.lse.co.uk/SharePrice.html?shareprice=AML&share=Aston-Martin-Lagonda
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@Son_of_Swiss - “at these silly prices one of the big players makes a bid and take this over”
The Big Four (Yew Tree, PIF, Mercedes & Geely) would have to offer at least £3.71 per share.
Based on highest price they paid for any shares in last 12 months, which was the 01/08/23 CR.
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Have a good day, cheers, Paul. :)
PS
Surely, the most ironic thing posted recently was “Imagine lying about…”. ;-)
@advocate1973 – There wasn’t even a wafer thin veneer of credibility in that “quarantine” post.
And bringing up old posts about the prices I’ve paid doesn’t really change that fact, does it?
After all, I’ve never denied I paid high prices for ‘some’, not all, of my AML shares, see quote below.
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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.”
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Whereas, @c2645sg refuses to say if they still hold their “considerable amount” of AML shares.
Or show their “I’m selling” post, changing their 2020 buy advice of “let it run” for 3 years/£30.
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@advocate1973 – Anyway, I’ll try to pull together a post on AML averages in the next week, or so.
Have a good day, cheers, Paul. :)
@Son_of_Swiss – Come on now, you know full well that @c2645sg has high standards…
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c2645sg – 14/12/22 - Quote:
“When you state things then fail to provide evidence, you lose all credibility…
That which can be asserted without evidence, can be dismissed without evidence.”
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So, I am sure @c2645sg must have very good evidence to back up this statement:
“All DB12s in quarantine waiting for software upgrade.”
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Obviously, the definition of ‘evidence’ doesn’t cover something you read on PistonHeads. ;-)
Cheers, Paul. :)
@chesil356 – Thanks for the link.
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advocate1973 – 14/02/24 - Quote: “When the PIF fund bought in, are you really saying they had no idea and conducted no due diligence?”
@advocate1973 – This is one of their previous quotes on PIF (& the other main shareholders)…
c2645sg – 18/05/23 - Quote: “Imagine board room decisions now, Stroll, Mercedes, Geely and PIF all with different views on the next step, chaos.”
Whereas, in reality…
01/08/23 - RNS Confirmed that all four major shareholders were in agreement on the next step…
https://www.lse.co.uk/rns/AML/result-of-equity-issue-c8j3x74zrxlapmm.html
@advocate1973 – As you say, even £37m from PIF would require some form of approval.
(As would the £19.5m from Mercedes & £15m from Geely, ignoring the £43m from Yew Tree.)
That RNS also confirmed these statements were also untrue…
c2645sg – 29/06/23 – “Mercedes will be selling soon, 10% of the company, imagine what that will do to the share price….”
c2645sg – 11/07/23 – “Merc has just asked for cash rather than shares, so will be selling soon.”
Which was not the first time they posted false/de-ramping Mercedes sell-off rumours:
https://www.lse.co.uk/ShareChat.asp?ShareTicker=AML&share=Aston-Martin-Lagonda&thread=7030ADC9-ED1C-463C-8222-EC9802C5E340
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Anyway, this is a thread about the Vantage...
https://www.classicdriver.com/en/article/cars/did-aston-martin-just-launch-best-looking-car-sale-right-now
https://www.topgear.com/car-news/first-look/behold-new-656bhp-aston-martin-vantage-has-it-been-stuffed-too-much-power
Have a good day, cheers, Paul. :)
@c2645sg – So, based on my last reply, you still repeated the same question?
OK, fair enough, thank you for confirming you want to ‘change the subject when faced with real facts about what you post on here’. < Shrugs Shoulders >
Also , “facts”…
[The Princess Bride]
“You keep using that word.
I do not think it means what you think it means.”
[/Inigo Montoya]
< Wink >
Finally, remember this?
c2645sg – 06/07/23 – “The more someone posts on here, the more desperate they are.”
LSE posts over the last three days, between 06/02/24 & 08/02/24:
@AML_007 = 3.
@c2645sg = 15 and counting.
Cheers, Paul. :)
@c2645sg – Putting your verbatim quotes into context is somehow ”twisting” your words? Really?
As for asking the same question over and over again, either you believe my reply, or you don’t…
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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.”
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And if you don’t believe my reply, what is the point in continually asking the same question?
Unless it is to change the subject when faced with real facts about what you post on here? ;-)
Until tomorrow, cheers, Paul. :)
Livestock – 06/02/24 – Quote: “The share price is back to where it was a year ago I would of thought the company is in a better place nowadays”
@livestock – There is a small (£0.2bn) improvement in the market cap figure due to more shares.
06/02/23 – 698.7m shares @ £1.74 SP = £1.2bn MC
06/02/24 – 823.6m shares @ £1.77 SP = £1.4bn MC
Higher than the Nov.22 low of 698.7m shares @ £0.89 SP = £0.6bn MC
But lower than the Jul.23 high of 737.1m shares @ £3.94 SP = £2.9bn MC
Hope that helps, Paul. :)
@c2645sg – If only you looked at our own posts as closely as you look at others. < Roll Eyes >
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c2645sg – 14/03/23 - Quote: “Point out my blatant lies then, go on.”
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c2645sg – 28/07/23 - Quote: “£140m required to pay Mercedes in 2024.”
Which was posted one month after this RNS confirmed that no further payments were required.
“No further consideration shares, or related cash top up payments, will be issued or paid to Mercedes-Benz under the SCA” (Strategic Co-operation Agreement)
https://www.lse.co.uk/rns/AML/aston-martin-lagonda-and-mercedes-benz-ag-75vqkl8490xv63k.html
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c2645sg – 23/12/22 - Quote: “Pociotto was buying millions of shares at £18/19.
Michael de Picciotto never bought one share in the £19 range & just 130,715 shares in £18 range.
So, not even close to “millions of shares at £18/19”.
Context – Those 130k shares represents just 2% of a total holding that reached 6.4m shares.
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c2645sg – 24/05/22 – Quote:
“Since the company kept the AGM super quiet (no RNS)”
When, of course, AML had followed their legal responsibility and announced the AGM, via RNS.
25/04/22 - https://www.londonstockexchange.com/news-article/AML/notice-of-agm/15424081
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03/04/23 - “@Ronnie, quote me where/when I said this was going bust at 90p. Thanks.”
Well, the AML share price was in the 80 & 90p ranges between 6th Oct.22 & 3rd Nov.22…
c2645sg – 06/10/22 – Quote: “If this falls below 1 quid decisively, it’s going to zero.”
c2645sg – 10/10/22 – Quote:
“It's looking like going to zero. Losing court case could take 20% off the price.
Stroll selling his AML holdings will take 80% off the price.”
c2645sg – 13/10/22 – Quote: “Priced for its 8th bankruptcy now.”
So, that was “where/when” you said AML was going bust at 90p.
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Mind you, they also said AML would go bust due to Stroll’s ego and that didn’t happen either.
c2645sg – 09/05/22 – Quote - “Stroll is between a rock and a hard place. He ego will never let him cash raise, so he will drive this to bankruptcy.”
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So many false claims and so little time to cover them all. ;-)
Have a nice day, cheers, Paul. :)
@MarkPatrick – Thanks for the link, nice review.
And here is Chris Harris giving the DB12 a little bit of praise through gritted teeth. ;-)
https://www.youtube.com/watch?v=DQy8XlJKIIk
C2645sg – 31/01/24 – Quote:
“…readers knows I call it right…”
@c2645sg – Does making 8 wrong profit warning posts really count as calling it right?
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Readers know you claim to always call it right, but your actually posting history shows you don’t.
How many times do I need to show your “I was calling £12 when we were at £19” claim was false?
(Just one of your many false claims on here about calling the SP correctly.)
https://www.lse.co.uk/ShareChat.asp?ShareTicker=AML&share=Aston-Martin-Lagonda&page=2&thread=16EB0448-6072-4769-97F8-D38F96A7BA54
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Your track record for predicting AML sales numbers hardly counts as calling it right either.
c2645sg - 18/02/22 – “It's taking them 3 weeks to build one Valkyrie. That's 17 per year.”
Actual - 2022 Deliveries = 80 Valkyrie
c2645sg - 06/10/22
“H1 was 2675 sales, and that run rates looks similar in H2 so far. So roughly selling 5300 ish”
c2645sg - 07/10/22
“H1 sales were c.2500, therefore full year is 5000”
Actual - 2022 Sales = 6,412
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Are you saying your AML buying advice of “let it run” for 3 years/£30 was that the right call too?
Feel free to answer the question about when you corrected this advice to sell now.
Or just change the subject again, if that question is too difficult for you to answer.
Have a nice day, cheers, Paul. :)
C2645sg – 30/01/24 – Quote “AML have already reduced sales targets from 7000 to 6700.”
@c2645sg – That was the 2023 Annual Results ‘market expectation’ set by the Q3 RNS.
The rest of AML’s 2023 guidance is unchanged, hence the fact there was no further profit warning.
Or did you use a different UK stock exchange definition of a “profit warning” when you posted this?
c2645sg - Quotes:
08/01/24 – “Profits warning is now nailed on.”
18/12/23 – “Incoming profits warning”
16/12/23 – “profits warning to come”
13/12/23 – “People are waking up to the fact there will be a profit warning”
13/12/23 – “that’s a profit warning in Q4 results”
08/12/23 – “Nailed on profit warning for 2023”
08/12/23 – “Not a lot to look forward to: Profit warning”
25/11/23 – “Another profit warning waiting to happen”
You made 8 claims there would be a profit warning in the space of 7 weeks, after the Q3 RNS.
But there was no 2023 profit warning issued after the Q3 RNS, was there?
Until tomorrow, cheers, Paul :)
C2645sg – 30/01/24 – Quote:
“AML 007 turns up every time another poster gets banned, does anyone else notice that?”
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@c2645sg - Oh dear, you really are clutching at straws now, aren’t you? < Roll Eyes >
What about…
“c2645sg changes the subject when caught out by their own words, does anyone else notice that?”
As you still refuse to answer these simple questions:
- Do you accept that there is no shareholder dilution linked to a refinancing?
- What part of your “I am an unhappy shareholder” post is sarcasm?
- When did you correct your AML buying advice from “let it run” for 3 years/£30, to sell now?
- Can you provide any evidence for your “average above £15” claim about my AML shareholding?
- Do you accept I’ve already made money from my AML shareholding, like de Picciotto/St.James?
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Clearly, replying to you is a waste of time, so I don’t have a problem with not posting much on here.
And, for someone who claimed to have a photographic memory, did you forgot you posted this…
c2645sg – 06/07/23 – TUI Chat - “The more someone posts on here, the more desperate they are.”
@c2645sg = > 3,100 posts on LSE
@AML_007 = < 500 posts on LSE
Therefore, by your own logic, you are over six times more desperate than me.
Who knew? ;-)
SirepaulEH - Quotes:
- 25/01/24 - “Surely after profit warning in late February”
- 29/01/24 – “I guess the market is advancing a new profit warning”
@SirepaulEH – AML’s 2023 annual results are due out on 28/02/24, not a profit warning.
AML results will be ‘broadly’ in line with “market expectations”, set by their Q3 RNS outlook.
https://www.lse.co.uk/rns/AML/3rd-quarter-results-9cjly9ghzjwgp07.html
Because a “profit warning” is defined as follows:
“A profit warning is an official statement to the stock exchange from a publicly listed company that says that it will report full-year profits materially below management or market expectations.”
https://www.ey.com/en_uk/strategy-transactions/profit-warnings
Previously, AML published any change to their Q3 guidance, via an RNS, on 7th January:
2021 - https://www.lse.co.uk/rns/AML/fy-2021-trading-update-0is20gxck0yctmm.html
2019 - https://www.lse.co.uk/rns/AML/trading-statement-1nruaxiq6yhmdv4.html
Therefore, in the absence of a 7th Jan. RNS, AML’s 2023 results will not be “materially” different.
(That is not to say a 100% Q3 outlook match, but within an acceptable Stock Market tolerance.)
Note – There may be a change in 2024 outlook, but that is also not defined as a profit warning.
Have a good day, cheers, Paul. :)
C2645sg – 21/01/22 - Quote: “I can’t wait to laugh my socks off when the cash raise comes”
- Who said there wouldn’t be a cash raise? I have clearly said this is an option.
I just said your statement that refinancing requires a cash raise was not true.
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“your average above £15”
- Can you provide any evidence for this?
How exactly did you translate my post from Mar.23 into numbers of shares & costs?
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AML_007 – 25/03/23 - Quote: “I stopped posting details on here.
Instead, I wrote things like this:
“I’m also still here and topping up every now and then too (as funds allow).”
A 100% truthful statement that deliberately didn’t include two things:
- Total number of shares I bought.
- The price I paid for each of those shares.
I also didn’t post what I did, or did not do, about the RI.”
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c2645sg – 21/01/22 - “You’re supposed to make money in this game.”
- 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.
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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!)”
c2645sg – 21/01/24 - Quote: “I get the impression Paul doesn’t really exist, but is a cabal of middle aged, passive aggressive, Aston driving, woefully endowed, divorced simpletons, spouting off on Telegram, and pasting the highlights here.”
c2645sg – 25/03/23 - Quote: “You're so thorough Anal007!”
- Looks like your own words, not mine, confirm you are the side with the weaker argument.
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Everyone else - Sorry for clogging up the chat by following ‘Brandolini’s Law’.
https://en.wikipedia.org/wiki/Brandolini%27s_law
Thankfully, I am away for most of next week, so might post again around 28/29 Jan.
Have a good week, cheers, Paul. :)
@Noah - Sorry, something went wrong with the copy and paste.
There was supposed to be an emphasised "may" in the middle of this sentence...
"Which is why I said that AML may have a cash raise, as well as refinancing. (DYOR)"
To link back to my previous post of...
" AML could choose to do a bit of both (DYOR)"
Somehow adding arrows around the word may stopped it being posted all together.
And I'm supposed to be doing something else, so have a good one.
@c2645sg – Good grief, why are you SHOUTING?
Can you provide evidence for your claim AML will need to find “c. £50-100m to refinance the debt”?
After all, I have provided evidence (an AML RNS) that shows this is how the numbers work:
- Existing debt = £ #1
- Cost of settling existing debt = £ #2
- Any addition new funds required = £ #3
- Cost of raising new debt (fees, etc.) = £ #4
New debt required/raised = £ #5 = (£ #1 + £ #2 + £ #3 + £ #4).
So, AML gets the cash required to refinance from the re-financing process itself, not a cash raise.
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“Happy to keep reminding everyone of the predicament AML are in every time you challenge me”
You appear to be saying that you will always change the subject when your posts are challenged.
( Really? Who knew? ;-) )
So, you are allowed to question/ quote everyone else on here, but no one can challenge you?
Why is that exactly?
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Anyway, do three harmless questions about your own posts really count as “prodding the bear”?
In which case, what kind of bear does that make you exactly?
A soft teddy-bear?
< Roll Eyes >
Have a good weekend, Paul. :)
@NoahsArk – How can you possibly know who reads this share chat, but doesn’t post on it?
Unfortunately, it also sounds like you just stepped out of a sexist 1950s “Honey, I’m home!” sit-com.
As there is no reason why a “housewife” can’t be a more experienced trader than posters on here.
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Anyway, I don’t give investment advice on here and normally recommend people DYOR.
(Do Your Own Research)
AML have said publicly that they need £2bn over 5 years for their electrification strategy.
However, they haven’t said if that will be funded by debt/equity/something else.
Which is why I said that AML have a cash raise, as well as refinancing. (DYOR)
The only point I have been making is that @c2645sg is clearly mixing the two things up.
The other thing to remember is the last £210m CR wasn’t an even split across shareholders.
https://www.lse.co.uk/rns/AML/proposed-share-placing-5fym4jm3s3fuyuk.html
55% - Yew Tree, PIF, Geely & Mercedes.
45% - PIs (Private Investors)
So, I don’t know how anyone can confidently predict what AML will do next.
Cheers, Paul. :)
C2645sg - 18/01/24 – Quote: “Refinancing COSTS MONEY.”
@c2645sg - Oh come on, surely you know refinancing costs are paid out of the money raised?
For example:
https://www.lse.co.uk/rns/AML/pricing-of-senior-secured-notes-etma46unoatn15q.html
“The proceeds from the offering of the Notes… will be used… to pay expenses and fees in connection with the offering of the Notes.”
So, refinancing costs themselves do not require a separate cash raise, do they?
Confirming, once again, that there is no share dilution associated with refinancing.
Which is the question you asked me, and I have answered, so how that is obfuscating?
Anyway, why would I answer of your other questions, when you keep avoiding answering mine?
- Do you accept the simple truth that there is no shareholder dilution linked to a refinancing?
- What part of your “I am an unhappy shareholder” post do you think reads as sarcasm?
- When did you correct your AML buying advice from “let it run” for 3 years/£30 to sell now?
Roll on the weekend, cheers, Paul. :)
PS
Thanks for the comedy gold of “rocket surgeon”. ;-)
@c2645sg - “U OK hun?”
You asked what level of dilution went with the refinancing and my (correct) answer was zero.
No one is disputing that a further cash raise may lead to share dilution.
But you are the one who appears to be repeatedly mixing the two things up.
Fact – Refinancing has been announced via an RNS.
Speculation – Your view that there will be another cash raise.
(Which may be true, but, at this point in time, your speculation is clearly not a fact, is it?)
Do you accept the simple truth that there is no shareholder dilution linked to a refinancing?
(As replacing one loan with another loan does not require more shares to be issued.)
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Quote - “Can someone please explain sarcasm to 007, my word.”
@c2645sg - I’m not the one who appears not to understand sarcasm. ;-)
As this is what you wrote:
“I am an unhappy shareholder. The share price has dropped from £23 to £16“
And this is what sarcasm would look like:
“I am an overjoyed shareholder. The share price has dropped from £23 to £16”
So, what part of your original post do you think reads as sarcasm?
Surely, you don’t think saying you are an AML shareholder, on an AML Share Chat, counts?
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Until tomorrow, cheers, Paul. :)
@c2645sg – So, you still expect others to answer your questions, without answering theirs?
Were you an “unhappy shareholder” in Nov.21? (Your words, not mine.) – Yes, or No?
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Anyway, while we wait…
Why would there be any level of dilution associated with a refinancing, fulsome or otherwise?
https://en.wikipedia.org/wiki/Refinancing
“Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate.“
So, AML has announced a plan to replace existing debt with a different debt arrangement.
(2023 Q3 loan notes = £1.1bn).
Which is clearly not the same as raising cash to pay off the debt, is it?
Obviously, AML could choose to do a bit of both (DYOR), but that hasn’t been announced.
Have a nice day, Paul. :)