Member Info for c2645sg

Dunnie,

How many shares at 50p did you get offered this time around?
You already told me PI's didn't get an invite.

Norbert.
Do you know for a fact Toto and Vettel bought shares?
Do you know if they still hold them now?
Stroll is a business man who is all style over substance. He knows the media will give free publicity over those 2 people buying shares. how any times has their purchase been quoted on here?

Bang on MFGX, great post.

I didn't say that.
I said it was pumped up to put shareholders in profit so they agree to all the resolutions at the agm in December.
Without the bonds and cash raising, they are bankrupt.
Look at the last 3 rises, and what happened after.

Those who cannot learn from history are doomed to repeat it

The IIs don't invest because AML are firmly in the junk category, borrowing 1bn pounds to be able to afford the interest payments on a 1bn pounds loan.

Choo choo.

No II buys anything under £5?
Vodaphone is £1.22
Taylor wimpey is £1.66.
Tesco is £2.33.

The consolidation is to clean up the amount is shares Stroll has created.

AML are bankrupt without shareholders agreeing to the resolutions.
How better to achieve that than raise the share price and get them all in profit/happy? Sleight of hand masterstroke by Stroll.

They barely have any cash coming in, in fact they burned through £500M cash in the last 9 months.
De-stock continues at lower prices per car, so very low income for the foreseeable.
DBX sales terrible, 345 in Q3, Valkyrie now Q3 2021, Valhalla now slated for 2023, Vanquish 2024 & 12 months until current range get a refresh.
it’s not difficult to understand how important these new bonds and cash raise are for AML’s future. It’s crucial they get the funds.

Stroll is indeed playing this perfectly, he knows how to get what he wants.
Market demanded 10.5% on the bonds when AML were touting them at 9%.
13.5% 2 lien notes are firmly in ‘junk’ status.
That’s one of the highest rates in Europe by any company this year.
AML placed this debt privately with unnamed investors (!!!) who also received warrants that could hand them 5% of the company!

Why would they repay the government loan at 2.5% with a 10.5% bond? Because they couldn’t pay it back any other way.

Debt is ballooning and income decreasing and will be for most of 2021.
Current cash is £300M, after resolutions are passed it will be 500M, which will be burned though in faster than 9 months as the interest rate is much higher : I reckon 6 months before they are back diluting again.

The consolidation is to hide the fact there are so many shares around now, nothing else. Purely aesthetic.

No, it's the fund raising shares placed at 50p.
Hence why the SP has risen, they need holders to say yes to the dilution or they are bankrupt.

That'll be the II's selling.
Cue the complaints of "the PI always loses out to the big boys".

You're not giving it any oxygen by responding? Class.
You always know the top of a cycle when people say the word choo-choo on a BB after it's risen 50%, hah.

You'll be right again though Crank.... crack on, top up before close!

I bet you will.
https://www.ft.com/content/a0864c3c-6c20-4415-b95d-9eb729f128fa
Make sure you read all the comments.
I hope MFGX does too.

I know we're not. See you in a couple of weeks....

I ain't talking about the consolidation, I was referring to the placing shares ;)
I will be topping up at 62p!

If anyone read the results properly, they would have known this announcement was coming. They sad it would come mid-November, and it's teeing up the placing shares at 50p, which ht the market on 7th December.

The 13.5% rate is in the Q3 results, I told you I copy/pasted it.
I know you are trying to goad me so you can try to get me banned, keep trying gorgeous ;)
You'd think someone who is heavily invested would quite like the fact someone is flagging up how quickly AML will burn through £500m cash.

Maybe you should stop recalling and actually read the Q3 results.

All copied and pasted from the Q3 RNS. No "as far as I am aware" or ‘“should be’s" in sight.

The Company is pleased to announce that it has successfully arranged a new fully committed and comprehensive financing package (the "New Financing") which comprises £125 million of new ordinary shares, £259 million equivalent of new second lien notes which mature in 2026 …. £840 million equivalent of first lien notes, which mature in 2025 and a refinanced revolving credit facility of £87 million maturing in 2025.

· An issue by Aston Martin Capital Holdings Limited, a subsidiary of Aston Martin, of £259 million equivalent in aggregate principal amount of 13.5% second lien split coupon notes due 2026,

· An issue by Aston Martin Capital Holdings Limited, a subsidiary of Aston Martin, of £840 million equivalent in aggregate principal amount of first lien notes due 2025

The £840 million is the bond you keep referring to (in USD), and has been confirmed at 10.5%.

Rox, it's not brave, if you gave these people an enema you could place them in a matchbox. They talk loudly and say nothing.

33, I am not attacking, I am merely asking questions after being told I know 'jack'. I'd say the people who want to silence me are attacking with personal jibes etc. Funny how you seem to side with people proven to be wrong and disagree with people who state facts.
I read all his posts twice yesterday and don't believe a word he says, it's all conjecture based around misinformation, with as many big words thrown in to sound like he knows what he is talking about. Non-sense.

Would you care to politely correct my calculations then please? If I know 'Jack' it will be simple to calculate and prove me wrong, especially a man of your experience.
I am sure we can al learn from you, so it's in the interest of everyone here to share your findings.

All data taken from Q3 results, it's not difficult for an ex-FCCA to work out I am sure.

The new debt is more expensive than 2019, again, something that's obvious with a read of the results. Old debt was 6.5% and PIK, 8.5% etc, now the new debt is 10.5% and 13.5%. I haven't even included the revolving credit facility at £87 million.

Looking forward to your succinct and polite reply with facts and figures rather than hot air and (yet again) personal jibes.

So when you said the interest payments stayed the same, you don't really know?
You don't pay the capital off with bonds, that's not how they work.