RE: 1100 update thread disappeared.30 Jun 2020 13:10
I think this was always going to happen, hence why I sold a little early at 59p. On the plus side the automotive industry is picking up slowly. AML parts are still being made at an increasing rate. This whole move is just about raising finance. The main danger is AML going out of business. The short term hit you are taking now is to ensure a sustainable company that will eventually, albeit slowly climb back to where we know it should be. It's bridging a gap between DBX sales being realised and the lack of funding until then. Investors have caution but I still think positivity is warranted, if not more so now. Gaydon still on track to reopen at the end of July. So long as that happens I can see this little move dissipating and the SP should rise. The volatility should lessen, which may turn some people in to longer term share holders, but provide a more definite return by Christmas. If I can get back in at 40p ill fill my boots. It seems unlikely, but I will take the risk of waiting.
The SP is hovering. After days of rises, it's settled into a new range and awaits further news. Still plenty of upside potential. Still lots of possible good news to come. Sentiment changes on a hat. The good thing is that the bad news of late has been priced in, (redundancies etc etc), manufacturing figures show that auto companies are running at around half what they were pre covid-19 through June, July and August,. But that figure is set to improve with Mays figures showing a small recovery compared to April. I think that September will be the crucial month for recovery. I am still out, looking for a possible in again in a few weeks time!
I'm watching from. The sidelines. Hoping to buy back in for under 60p. In all honesty I see a bounce back tommorow after todays panic over the US. The v shaped recovery looking more like a u with global cases still rising overall. A lot of redundancies popping up in manufacturing after the 10th. So it's hard to judge at the moment. Could be a hold and see. I expect optimism to return soon though. Could easily bounce back to 75 -80p by close of play tommorow.
Good to see resilience in the sp. I sold at 59 and expected it to drop today. I'm not going to buy back in now. I'm investing in New equipment for my printing business instead! A quick in and out for 80% profit, so I'll take it and run! All the best to you amlers, the market has shrugged off everything thrown at it so far so hopefully you get your sell price soon!
If you look at active shorts, they have dropped aston martins short by around 2.5 times more than any other company they are currently shorting....you just need good news over weekend and it will rise back to the 58-60 again.
That's possibly true cars , but i finish with a profit. If i miss more profit then i will be happy to still have a job i suppose! I have my own business and work full time, so money will come either way! With profit I made if i cant reinvest, I will go on buy specialist printing equipment to make me more money printing workwear, so really a win win today!
I sold at 59p this morning and now its at 52p. So i could buy more shares than I had, just don't fancy being in all weekend. I work for a company that produces tens of thousands of parts for aml a year, so I will know, probably before most people if it's picking up to be fair, and as always I will share my opinions and try to help where I can while I'm sniffing around.
RE: From a little bit of reading on china29 May 2020 14:17
If the tariffs apply to hong kong then businesses could start to relocate. I would not be surprised at all if Donald Trump announces a new trade deal with China, he is the master of piling on pressure and then striking a deal. It will be very interesting to see just what happens!
From a little bit of reading on china29 May 2020 14:15
I think this is what the market is reacting to. Trump could end americas special relationship with hong kong as it now stands ready to become part of china again, this means that all companies in the area will have tariffs automatically applied to them in line with the rest of China. Hong kong has been a bit of a hub for dealing with china but avoiding the tariffs. so if the special realtionship doesn't end you can expect a rebound on Monday 100%. That's how i read it
It has been quite a strong week across many markets, and today is simply profit taking. So long as nothing to nasty happens over the weekend, I would fully expect the sp to start climbing as we roll towards the AGM. Im going to keep a close eye on the price and if an opportunity comes for me to buy back in, I will do. I took 81% profit, and thought rather than risking it and leaving my self exposed over the weekend, after hearing about the whole trump/china thing this morning, and after seeing markets falling over night, I would take it all back, and hang fire. even if I buy back in at 58.99p im no worse off........literally 3 minutes after I sold, the price fell so I feel a little lucky. Auto Manufacturing is dipping it's toes in at the moment, for what looks like another few weeks and then I would expect a nice increase in production, sometime towards mid to late July. It's rare that I hold a share for 2 weeks buying in at a low and selling 1p short of a high, but my plan worked out and it works for me. I will keep checking back daily and if an unlikely drop comes I will reload and get more shares!
Always said i would sell at 60 bought for 32.5p. So 59 not too bad. If it drops.much more ill be back in. But i really still think 60s by weds.....Friday always a bad day people selling up ready for weekend.....keep an eye on trumps announcement could fly after it if its not too bad
Just sold at 59. Made 81% profit so that's me for now. Only had a minor holding. Still think it will climb Monday Tuesday but just got a vibe from the board this morning I didn't like. I will probably live to regret it! Good luck guys
Bit of panic over trump making an announcement on China today. It may not be a bad announcement. And you take what trump says with a pinch of salt. One week he's pulling out of deals, the next week he's shaking hands on a new deal. That's just his style