Member Info for Ammu123

UT 24.4 close

Resistance?

I've got a company car and we are still using AA as our breakdown cover.

Tbh any news of partial reopening of lockdown would see a spike here.
Next week we should get more clarity on may 7 lockdown date.
New cases seems to be decreasing so all good for some restrictions to be lifted. Use of the cars as I said would be the most preferred form of travel.

I also think the use of car would increase drastically as initially public would avoid using public transport due to risk of getting infected etc.

What about the long terms shareholders ?

Agreed with your assessment Popeye hence my worry of buying this out on the cheap.

Thanks Popeye.
What do you reckon this will get bought out at?
I have a feeling something silly like 50p...

This will be bought out for 50p unfortunately which is extremely cheap.

Esl debt is not too bad so should be okay....

Is it in the 1000’s ?

Thanks Mark.
I am waiting for your answer Truth.

What I don’t understand is how can they raise any decent amount with current mcap unless they dilute us like crazy.

Not another share with right issue. I’ve already been diluted with other crap.
I can’t do with another dilution.
I am seriously thinking of cutting my losses here. I had high hopes....

Why a right issue ? Wtf you on about now...

An update from company.
Hopefully that would shut the shorter otherwise they would keep bringing this down.

*the sale

This news is from Jan 2020 so I think the same would have been put on hold but I expect the same to proceed back end of the year as things get better.
To me the current sp sub 100 is a gift.

Birmingham-based Melrose is working with advisers to weigh options for the division’s air businesses, which sell products including ventilation and cooling systems, according to the people. It is seeking to raise more than $3 billion from the sale, the people said, asking not to be identified because the information is private.

Breakeven this year is 33.