Member Info for badflaw

for the first time this year I have completely closed all my shorts AML shorts. it could drop further but I believe Ive got most of the value from what was very obviously well overvalued.
as one of worst performing laege companies ive ever witnessed my profits have been mind-blowing.
I may open more shorts in even of a price spike or further newsflow but there are many other great short opportunties presently .
best wishes all.

or its dropping due to have humongous net debt, ongoing courtcase and huge dilution with further most likey needed

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/market-details/what-happens-to-my-shares-position-if-the-company-offers-a-right

am had 2 or 3 months cash left they were very close. theces gone bankrupt 7 times before ! (each with" big players " invested.
some shareholders say stroll bought am so his son could race f1 .
if i ws a billionaire id buy a swimsuit model agency ..i dont care if it profits or not lol

excellent post!

Application has been made to admit the New Shares (nil and fully paid) to trading on the London
Stock Exchange’s main market for listed securities. It is expected that Admission of the Nil Paid
Rights will become effective on 12 September 2022 and that dealings in the Nil Paid Rights will
commence as soon as practicable after 8.00 a.m. on that date. It is expected that Admission of
the New Shares, fully paid, will become effective on 27 September 2022 and that dealings in the
New Shares, fully paid, will commence as soon as practicable after 8.00 a.m. on that date. There
can be no assurance, however, that an active trading market in Nil Paid Rights, Fully Paid Rights
or New Shares will develop following their respective Admission dates.

when considering options why does cut losses sp rarely get included. the opportunity cost of not pullinf money out of a poorly perfoeming share and into a strong sharw are huge.
doesn't anyone use stop losses anymore ?

https://www.astonmartinlagonda.com/investors/funding/september-2022-capital-raise

yes i was surpised how well sp held up...issue is based on 30 day average ahare price that figure has now beens set. hmmmm!!

dilution explained for individual shareholders https://www.ig.com/uk/trading-strategies/what-is-share-dilution-and-how-does-it-affect-you-220803

agree , ive got a long term short position here. itals been extremely lucrative.
ive added to that short today at 450p as a result of reading todays rns. im sure there will be exteme volatility but steongly believe the share price will be vastly lower than current levels in the short to medium term and that aston will be relegated from ftse in Decembers review which will rewuire investment funds to sell and drop price further into the new year I'll probanly sell after that .but we shall see on news flow , and sentiment

have you read todays RNS?

bow is the time to exit quick or plough more money into the rights issue othwrwise your the victim of significant dilution

voting this week . newly created shares live on stock market 27th September

The Company today announces the details of a 4 for 1 fully committed and underwritten Rights Issue of 559 million New Shares to raise gross proceeds of approximately £575.8 million.



The issue price of 103 pence per New Share represents:

· a discount of 78.5% to the closing price on 2 September 2022 (being the last business day prior to the date of this announcement); and

· a 42.3% discount to the theoretical ex-rights price of 178 pence per New Share calculated by reference to the closing price on the same basis.

this document is going live today with further info

https://www.astonmartinlagonda.com/investors/funding/september-2022-capital-raise

in curious where did "cloth" come from? whats the story behind it?

if you mean cloth between the ears ?? then yes there are a few with that make up here ??

so we could ne receiving the capital raise details tomorrow.
it'll be great to have more clarity on the level of dilution we can expect

*A prospectus containing further information on the Capital Raise will, subject to being approved by the Financial Conduct Authority, be published by the Company on or around 5 September 2022.

*The Circular contains a notice of a general meeting of the Company (the "General Meeting"), to be held in connection with the proposed Capital Raise at 10:00 a.m. on 8 September 2022

*capital raise expexted to take place end of September

beer spunds good, but as im short on Aston iI guess i should have a whiskey chaser too ??

quite possibly! i only had a passing look as AM was in the clear. i wouldn't surpsied if the dates for newsflow wete set by am to to avoid relegstion before rights issue bin order to keep a higher average share price to limit dilution