Member Info for c2645sg

Thanks Steelstone.
Do you know for a fact they are not fixed coupon rates? Link please?

MFGX: “c2645sg, If you want to challenge a point, at least bring some knowledge of substance to the table.”.

Figures quoted from the official Q3 results.

Bond debt:
1st lien notes - £259M @ 13.5% interest = £34.96M
2nd lien notes - £840M @ 10.5% interest = £88.2M

Total £123.16 Million interest payable per annum.
I seriously hope that is enough knowledge and substance to finally put this to rest.

I am an AML shareholder, and share the same concerns as yourself. I am not interested in personal spats, my only objective is to preserve my wealth and share/correct information on a public BB. I’ll happily concede if I am wrong too.
I do understand EBITDA, I just don’t care for it much...EBITDA is not a substitute for analysing a company's cash flow and can make a company look like it has more money to make interest payments than it really does.
In 2 years, AML will have burned through half their 500M cash in interest payments alone, this is what I was alluding to in my questioning regarding how they ‘actually’ pay for it.

I think everyone here agrees that there is huge potential for AML, I just want to ensure I get a fair share of that, rather than being diluted to oblivion while the owner Strolls off into the sunset.

Agreed 3300. But I asked a basic question, PaulOZ, Crank and MGFX all had a personal go.
That's cool, but I refuse to do the same.
People obviously don't want to discuss, so I'll take it somewhere else,
Cheers

Agreed 3300, everyone is unsure, that's why we are discussing.
Thought that was the whole point.
I guess not. So I'll waddle off and let the experts lecture on ebitda.
Since my link didn't go down so well, here's another.
https://www.investopedia.com/articles/analyst/020602.asp
I'm sure people can also check back on my posting history and see how accurate I have been in the past with AML.

...and then the personal insults start.
You always know someone is losing an argument when they resort to insulting someone asking question.
It's like dealing with Trump, you ask a concise question, and someone waffles on with utter nonsense about ebitda and then fires insults at you.
Quality.

https://chrismercer.net/ebitdas-naughty-11-problems-and-what-to-do-about-them/#:~:text=Simply%20put%2C%20EBITDA%20is%20Earnings,all%2C%20bringing%20Utopia%20to%20valuation.

It seems no-one can answer the siple question of how AML repay debt finance interest payments for the next 2/3 years.
I'll answer it for you.
Dilution.
If I am wrong, I'll give you the money myself ;)

Exactly Crank.
So I'll ask again, if they don't make any profit for the next 24 months, how are they going to repay 180 million in interest payments (2 years x 90million per year)?

Crank, no need to apologise, directness is fine with me.
Stroll also said they didn't need to raise funds at the Q2 results. Don't believe everything he says.
When do you see AML returning to profit?
And how much profit will that be, roughly?

Crank, no need to be facetious, more detail please?

They sold 345 DBXs in Q3 and made a loss overall.
AML are projecting losses for the next 2/3 years, hence why they took new bonds out which are due in 2025 rather than 2022/23. How do you repay bonds when you are making a loss?

MFGX.

How do you think AML are going to pay for the £90million interest payments every year on the new bonds?

The shares we are giving away are completely new shares, so ultimately it costs the company nothing.
But dilution is like inflation, 20% more shares mean your shares are worth circa 20% less.
What's 62p minus 20%?
You guessed it, 50p ;)

We agreed payment of @28m because we had to, Merc know exactly what they are doing, win-win for them.
It's obvious the SP was going to 62p now, for Merc's first tranche. It will be interesting to see where the SP goes next, my guess is closer to 50p for the dilution in December.
62p in 2 years is an easy thing to promise, even if the SP was below 62, they do whatever they did this week to get it to 62p for a few days.

Why's that Dunnie?
It all depends on how you define 'payment'
I specifically read that we still have to pay for all parts.
Whether that is full price, or a 'mate's rates' because we gave 20% of the company away is anyone's guess, we'll probably never know.

We ARE giving the shares away, we still have to pay for every part we take from Merc, over and above the dilution.
We gave 20% of the company away to forge an alliance with Merc.
Giving them free shares does not entitle us to free parts.

Early December.
https://www.standard.co.uk/news/health/oxford-vaccine-coronavirus-results-month-b62876.html

Spot on 3300.
Last tranche of shares destined for MB is 2 years away.
Pretty easy for Stroll to say 62p by then...

AA: £34 Million net profit per annum and £2.2bn debt.
Debt repayments £110 million per annum, 3 times the net profit.
Not a lot of wiggle room.

There were many bonds of varying prices before, between 8 and 12%.
Bonds are not negative per se, but we can tell how risky a company is based on the coupon, or interest rate.
No idea what you mean by reducing the term.
I am guessing the new bondholders are much the same folk as the previous holders, as the issuer is in charge of paying it back early or not.

Good work Synxs.
This is why this share is risky and long term.
They had to take out bonds to survive, and were forced to pay 10.5%.

Good thing is, if AML get things on track within a year or two, the coupon price will come down in line with less risk/credit rating rising.