George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Glimmer of hope at last with the buy volume.. let’s see if this helps push the price up....... in coming days
You can’t help much when you r already bought in on a good Rns thinking u will time the market well as a smart ass, but it flips on its head.
Then u end up questioning whether it was a right call. But as the saying goes m, back your horse all the way.
If u look at the price against free and price against slight recovered stoke in the market, AA is still in bearish territory. I am not convinced right now that it would uptick much.
But hoping you are right..
2 b honest, for this to drop another 20 % wouldn’t hurt much as it would only take it to 15p which is still comfortable position.
Direct line down just over 2% and admiral just over 4%..
AA - zzzzzzzzzzzzzzz down bloody 18.99% @ the time of writing this message..
Agree on your final point. That would be suicidal. Neways let’s see if this **** goes further down
I m not an accountant by trade.. Comparison is in trading environment not in numbers or financial figures.
Lol, don’t blame u, I guess that’s what it comes across..
Just trying to shine positive light to what has been otherwise a bloody Thursday.. Week for that matter
Interesting how your brain processes different price points.. Couple of days ago one wouldn’t have thought this would go in teens and how depressed your brain would be to process such paper loss.
Pass that level and after a day your brain start to accept that worse case scenario ur loss is minimised to x. Then it goes further down by 5% and u think it’s a drop in da ocean and on any other day 5% drop would be difficult process..
Fun n games of investing.
Back to AA, it’s in da dumps.. only way is Up.
That’s right.. It’s in his interest to drive SP higher but I must say this, there are inspiring CEOs and there are just CEOs.
AA CEOs falls in the latter, didn’t get much out of that speech on results. It was just A speech but didn’t inspire much confidence..
I just hope n pray that this company becomes a gr8st turnaround stories but as things stand I am kicking myself somewhat for choosing to invest in this lacklustre of a company.
I may be wrong here but following patterns for last few days, seems like we may bottom At .1738 for today and there may be relief rally tomorrow. If “and a big IF” institutional investor don’t off load more in da morning.
Anyone’s guess that one but something doesn’t seem right with this company.. went through this with Yellow pages 10 years back and it’s just wasn’t right.
Neways u can’t compare Apple with pears I guess. Hopefully onwards and upwards even if this is gradual. Some are bleeding with paper loss I would imagine.
Key here is, it’s just a paper loss so all good.
Yes in finance, in distribution strategy IB
Lol, U see u have to be creative in finance now a days. As everyone on here eluded AA as the dark horse indirectly, It was called a “dead horse bounce” in place of dead cat bounce.
Neways no pun intended
Lol, it’s not median target you suppose to follow as markets are currently looking are bottoming in all sectors so 5p would be somewhat accurate.
Little positive today is that Librium capital reiterated their buy stance today and Tp of 50p. But we all know brokers are useless at best of times. Specially with companies which have fundamental issues.
It may play out like ‘dead horse bouncing’ again or a bull trap in other words at some point after such bleed in shares. Who knows but fundamentals look extremely weak. Weaker than AML look at AML it went up 50% from its lows in March and then now 50% lowers from lows of March. FT low forecast for AA is 5p.
This ain’t a joke AA is in trouble. Be careful guys, this is not going to see 40 anytime soon if it’s lucky to weather the storm ahead, that is.
Your luck would have it, this **** would go up tomorrow and for next few days (ruining your weeks ahead as you can’t think of the profit you let go of).. been there before. It’s a ****ty place to be in right now with AA, Asc was the best call look at the resilience even in this bear pressure right now.
This is garbage IMO of corse
Should have invested in BTC instead which has been less volatile in recent days.
Why has all other shares are down anything from 4 - 12% and this one is down 31% over past week?
Because MM knows this is overpriced and is at risk of tanking BIggggg time.
You see i have slight skin in the game with AA holdings, which i took off from Asos which turned out to be the darkest horse of all with a fantastic V shape recovery.
I am slightly concerned with this one as their margins are really really thin and although they are servicing ambulance and more breakdown than ever as we approach summer conditions the demand would decrease and insurance business is sort of flat so doesn't give much confidence and i am contemplating whether to save few dimes by exiting now.
IMO: This is a dead horse on its last legs. Humongous debt pile compare to income. If trading conditions gets worse it could wipe out shareholder value entirely. SP performance does not give confidence in what the leadership is saying at the company's RNS.
I don’t think it’s fair to compare it with Debenhams. It personally reminds me of yellow pages instead.