Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As another newb, I'm trying to understand waves.
Here is where I saw the main wave at present: https://invst.ly/ri8n5
But starting on 14th May.
(is this where 33 found Wave 3?)
Then at a minute frame is where we are now: https://invst.ly/ri8ro
I've time framed this minute 3, to coincide with results at end of month.
Appreciate WG doesn't like Fibb, but am I somewhere along the right track?
Lol.. these are not predictions, just me drawing lines on a graph, to see if they fit in with waves.
Thx
I was hoping to just post a quick positive response, but others have expressed further interest, so I thought some extra info may be useful to include within your figures.
Set against the 883m debt, was 244m cash, that I can't see included.
The 883m debt, included 109m of lease liabilities, which traditionally would have just been considered operating expenses, but now have to be included, hence why all companies now specify the lease figure.
The difference here is that lease costs are part of the monthly operating costs of the business, not like bonds which have to be repaid out of profits at some future point.
You have assessed the profit margins of DBX at 13%, but failed to account that a lot of the debt is capital expenditure, prior to delivering DBX's.. i.e. You have to pay for the parts to build them, before you get the money back when you sell them.
This means that the first batches of DBX's profit margin will be significantly higher, as the cost of building them has already been absorbed.
Then there is the placing, which raised another 152m, not included in your figures.
Don't get me wrong, I think the figures at end of July will not make happy reading, but if we take your 893m then deduct 109m leases, 244 cash, 152 placing, we are left with 378m plus current running costs to sort.
How much of that is covered by the first batch of DBX, I've no idea, but you may consider this is more manageable.
BTW, all information taken from the Trading Update on RNS.
I'm nursing horrible losses on this as a complete newbie, who kept buying at 72p.. aagh!! but I'm still sat here holding in expectation of a turnaround.. Could just do with some back to pay HMRC in January.. :-)
Aston Martins are cheaper than Buses..
https://www.linkedin.com/posts/andy-street-66869b1a3_the-west-midlands-is-serious-about-tackling-activity-6686650029727342592-sDR_
In Harvester last night, fully booked but probably running around 50% of capacity, with every other table in use.
Doesn't explain the continual drop, when it was at 240 whilst they were fully closed.
I've just tried a small top-up in hope of a rebound, with a stop loss on the top up in case it doesn't.
I think the market is still running scared of a placing/issue, but time will tell.
Just the musings of a newbie, new to all this.
Is this thread, the perfect reason why newbies (like me), should not take any notice of forecasts on here?
Swazer:
On Tuesday you complained about being attacked for calling 260 and used a chart to show you were right. (SP was 286)
On Wednesday you again said you were right and produced another chart showing 260. (SP was 285)
By Thursday you changed your mind and said we should be mindful of danger when it gets to 360, again producing a chart. (SP was 304)
..and now your back to 259 and saying you're going to re-chart looking for support. (SP is 263)
Ignoring broker fees and stamp, here are the figures, assuming I started out buying 1,500 shares for £4,500 and then listened to you..
On Tuesday I was spooked but waited and then quickly sold on Wednesday for £4,275..
Oh no.. on Thursday its going back up to 360, quick, buy back in with my £4,275, gave me 1406 shares..
Oops, no it was right first time, going down quickly, sold again for 263, giving me back £3,697.
Wow.. I would have just lost £800 in a week..
Were you buying against your advice on here to try and drive prices your way, or are your charts just a bit out?
Arsenal17:
Thank you for being the voice of reason..
Do your own research folks and beware prices can go anywhere.. at any time..
I too bottled it first thing this morning, trimming my holding back, as was in at 72.
Hoping the retail offer will be based on shares held yesterday, giving me an equal buy back in, at a lower placing price.
Expecting the placing to be at 65% of 70p.. around 45p??
65% was the ratio I saw on other completely unrelated placing.. So just optimism.. lol.
Was in at 72, bottled it at 59 in a sea of red. , if I can get retail offer around 45, that averages me down to 56 and clears my red.
If not, still have smaller holding in place, to top up as and when.
More newbie musings..
On the website, MAB saying all brands now taking bookings for 4th July, up to 6 people.
https://www.mbplc.com/newsandmedia/companyarticle/reopening4thjuly/
Hi,
Orders/sales, completely different.
In the case of a new model being launched, lenders would be looking to confirm that the model had a good position in the marketplace, hence support based on orders.
If you were more concerned about production and delivery, then you would specify final sales as the criteria.
I don't have a link to the 2000 orders, but I understood this to be announced by Andy Palmer, the outgoing CEO.
"The news has secured the future of production of the DBX, Aston Martin’s first SUV, which is considered to be a make or break vehicle for the company. CEO Andy Palmer says there are more than 2000 orders for the DBX."
Hope this helps..
I know nothing about shares and trading, but even I can read, if it is the Guardian article:
"If it receives 1,400 orders for its new DBX model within nine months of the $150m, Aston Martin has the option to issue a further $100m of secured bonds paying the same rate..."
It doesn't say sales.. It says orders. I thought the DBX orders were in region of 2,000?
Also, Stroll would have known about these terms and maybe, just maybe he doesn't want to add another $100m, is it possible he might have been looking to cover that amount with the placement, to avoid the interest charges?
No offence to anyone, just my tuppence..