Member Info for Dunnieboy

Mac, your quite right about the placing but they actually got the money upfront as they said the money would be paid on a pro/forma basis, straight away.
December is just a rubber stamp job.

MFGX, it is £500m because as well as the bond sale they done a placing & raised £125m.
What I don’t understand is if you feel uneasy about your position well either sell enough to feel comfortable or sell them all, I never understand when posters have doubts but hold, if your instinct tells you somethings wrong follow it.
I feel the opposite so I’m sticking, bored with the lack of movement, but boredom isn’t a good reason to sell.

Rob, quite correct, AML have even got a transfer committee headhunting the top people in the business, in every department.
YNWA

MFGX, you make no mention that after the fundraising etc, the fact that AML have £500m in the bank, considering that the takeover and fundraising was mainly achieved through Stroll’s and his financial backers then he could of tried to take the company private months ago.
AML is probably at its strongest for a long time, ain’t going bust & ain’t going private.
Consolidation is often done to take the price to a level that institutional investors can properly value the company, the big investors don’t want a share that’s bouncing everywhere because day traders/shorters see it as a target to play the ups & downs.

Nicky effectively it makes no difference, if the consolidation was you end up with one share for every ten held, it just means the one share would have to be over £6.20p for MB to be happy, below that we compensate the difference.

Mac, the placing has to be rubber stamped at a agm(egm in December, so in the statement they said they were considering a consolidation at that point, but they received the funds from the placing on a pro-forma basis.

.

Rox, the bond money will be used to pay off all the debt, they are even paying off the £20m coronavirus loan, and there was to be some over.

Few newbies harping on about the debt, twitchy bum time.

Rox why do you think they should tell us the profit margin and why get so het up about a share you don’t own?
With regard to profit on each car I would argue that’s confidential info.
By the way which category am I in? Lol

Before anyone gets upset that was by Rox’s admission

Before anyone gets upset, that was Rox’s own admission, lol

W..nk..

I don’t see the point in going on about the debt, the debt was the reason we bought because we seen the potential for a turnaround, which is being achieved.
Come the 16th we will also have cash in the bank of £500m, obviously dilution but the new shares are in the hands of long term holders and Mercedes have undertaken not to sell any shares for 12months after the last tranche.
Now Rox the ******, is calling his wife’s shares as his, lol.

Agreed, I just hope these were commitments made before Stroll came along, couldn’t see Tobias wanting any involvement with that, he is first & foremost a engineer, or was rather.

Bigend, we wish.

212 have produced a top 100 of the most traded shares, AML was 11th.
Maybe part of the reason the price is sticking, the share consolidation may be a good thing, although 3300 might end up with half a share, emojitime

Nice one Tinypie.

In my case it would depend who I was sending it too

Cool Crank, I wish we could use emojis as things can often come across different when added.