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AA was 6/7 percent shorted until recently - then they reduced quicker and the SP did fack all. Now it’s shot up - go figure

Plenty of rubbish being written here - stick to facts and stick or twist.
Logic says people wouldn’t stick half a billion pounds into a company that is going bust. This is a car for the super rich remember.
But don’t let that dissuade those looking to get in lower :-)

This is a recovery story whether you choose to believe in it or not. Yes it’s disappointing that there has been dilution but it was a necessary act to support the company. And it was a weighted issue with a blended price of what 57p? No one paid in the 30’s unless they had already participated at a much higher price - it got you entry to the 4 for one raise (or am I mistaken).

No one knows where the support is because the trend is down (currently) so talk of next support is 42p then 35p is complete guesswork.

Reality is that this needs a boost from the company and hopefully news of solid orders and working production line will provide that.

GLAH

Can not believe some of the stuff on here “ an analyst has said they have spent all the money” - which analyst and where?
Considering no RNS has been released giving clear details on what the money has been spent on (other than the generic reasons stated in the rights issue RNS of course) - I would say that’s a pretty spurious guess at best.

And anyone worrying about the need for more cash already really needs to think about staying invested. Don’t get me wrong, it’s perfectly feasible that more cash will be needed - but not 5 minutes after the last find raise surely???

As interest builds in this, the SP will be higher and a further issue of shares would potentially underpin the SP at a higher level. We don’t know the future of course but this ain’t a busted flush yet!

GLAH

Matt

I saw it - I swear!!!

1p tomorrow

Most investors want it to be 30p so they can make more money? Ffs this board is getting worse and the scaremongering too.

Agreed - there is much to look forward to here. I’m not going to say my target price yet but I’m fully convinced this will bounce strongly. Weak holders are jumping and the buyers don’t have to pay as much. Simples
Bet your bottom dollar when this gets back in the 50’s everyone will be on it!

from nowhere “this is a plan to be taken private” - easier not to invest £500 million and buy it as a distressed sale no?
Any talk of this being sold down to be taken private is complete fantasy with no basis of fact. The only thing anyone can look out for is if a holdings RNS comes out and we find out that someone is either increasing or reducing their holdings - if increasing there will be dreams of a takeover I’m sure - again dreamland.

Read the RNS’ and look at the business plan and the £500 million cash injection - this company now has the headroom to stretch its legs and deliver. Note the very full order book.....

Facts please

Another cash call in a few months?! I’m sorry but that’s clearly completely irrational and a panicky statement. Relax

Like any investor recently I’ve been a little nervous. Not surprising when a share price moves south but there you go. I have read a lot about AML in the last few days, particularly the companies vision, the leadership of the company and the recent investors and major stakeholders.

There has to be consideration around how a company that sells very expensive cars will fare post covid-19 and that’s perfectly reasonable. For me this is a prestige brand that produces magnificent cars for the super rich - those whose level of wealth I very much doubt will have reduced to the stage where they cancel an order or move for a cheaper brand. Isolation in a super car sounds preferable to private jet travel and with a lower carbon footprint for the ethically minded.

There will come a point very soon when people will see time is slipping away and they want to feel alive again - for me a luxury car would be the go to purchase. Orders for the new model (see RNS) are excellent and production will be managed accordingly.

With backing from serious investors who see the value of the brand and the F1 tie ins - this for me is a buy opportunity.

I currently hold.

GLAH

It’s easy to get nervous on a share like this but they have had the rights issue and got it away successfully. I would rather back a company with investor money now than wait for a price that may not come. Having said that, if I wasn’t already holding I would say wait for the uptrend and then buy. Ok you might miss the first 10-15% but you will sleep easier.
Lots of shares are in the red today and a 3% fall is hardly front page news.

Patience my friends - with a stop loss for the nervous :-)

Matt

This has recently had a massive cash injection and the new model is imminent with significant orders. Costs will be managed along with the volume of car orders (where possible).
I believe the bad news is out and there are now solid foundations in place

Explain?

The St Athan manufacturing facility is expected to reopen tomorrow (5th May) - I have no doubt this will ping back strongly in the next 2 hours but WTFDIK

This is a fall on no news so weak holders are being relieved of their shares. You have been warned :-)

Agree with this. A billion pound turnover is not to be sniffed at. The fact that it’s received before any outlay to the customer is appealing. (I’m excluding fixed costs associated with running the business of course).
AA have tremendous experience at managing their long term debt - and whilst it needs to be reduced they can pay the mortgage comfortably.

Relaxed about this

Matt

Give it time....

Standard RNS from a company that knows full well how to manage its long term debt.
Happy with that

Here’s to a great day

Matt

If I had stayed, I would currently be a further 17.5% up (bid at 4.7) - instead I went chasing rainbows and am 10% up. This is why I work full time :-) (worlds worst trader)!

Hi A1EX,

If I was in now I would definitely be trying to sit on my hands. Who has predicted an RNS? Not sure who BB is. I know I’m gonna regret selling - about as honest as I can be.