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It would be great if they announced the bond sale had been completed today, that may catch the weekend’s press.

.5344 on the bid.

DavidHos, that’s a fair assessment.

In AML’s projections released with the figures, they have made provision for the possibility of a further lockdown of four weeks, this is good practice given the current climate.

I suppose the big news will be when we announce we’ve raised the money from the secured notes, basically they are trying to raise £820m to pay off debts, pay off old secure notes which were about to mature.
I would assume most of the notes will be taken up by ‘friends of the consortium’.

Reports Aston’s drop yesterday as profit taking, have any of you lot been taking profits and not telling me?
Ffs what profits?

Just read through the announcement and this could be a good pointer to when we really see the share price stabilise & grow.

I’ve seen this quite often that when these share consolidation are done that the share price starts to grow, often with small oil companies they consolidate and then get taken more seriously by investors, institutional investors do ‘not’ like ‘penny shares’, as they are to volatile and hard to value.

I think AML will do a 1 for 5 consolidation, which obviously means you end up with one share for every 5 shares you held previously, so at the placing price of 50p, you would have 20% less shares but each share would be valued at £2.50p, then the shares would possibly move in 5/10/20/50p’s(hopefully £1’s), anyway don’t fear it it’s a sign that the company is targeting serious investors.

Below I’ve copied it from the announcement.

The Company is also considering carrying out a share capital reorganisation, which may involve a consolidation of shares. In this event, further details will be set out in the Combined Prospectus and Circular and announced in due course.

Thank god Rox doesn’t snort cocaine he’d look like Danielle Westbrook of the north.

Rox exaggerating again,lol

I believe we will open up strong tomorrow and finish at 56p bid, there is far to much positivity round this company at the moment and at current price a absolute bargain.
No one can say the company is going bankrupt anymore.
No one can say it’s going private anymore.
Shareholders can’t say they’ve been shafted anymore.
We’ve all had time & opportunity to get into this share at the placing price of 50p.
Even Mercedes are going to have a much higher average than us.
Mercedes paid who knows what for the first 5%.
Mercedes then get another 7.5% for 50p a share.
Mercedes then get further 7.5% for 62p a share.
So effectively were in with all the main players at around 50p a share.
We are now part owners with Stroll, Wolff, Vettel & the Mighty Daimler Mercedes Benz for 50pish a share, folks it’s the ‘best deal in town’.
And we employ Tobias Moers as our CEO

Once you sort the ‘wheat from the chaff’ there is so much to be gained on the bulletin board, take Crank posting about Moody’s upgrading Aston to ‘stable’, don’t underestimate that upgrade, this means pension funds & institutions will look to invest as it fits their profile, before that upgrade they wouldn’t touch it with a barge pole.
Through being on here we understand that the price is stuck due to the pandemic.
Stroll has played the whole situation with regard to Aston Martin & the pandemic with great aplomb.

AML have got a offering ongoing for these notes, if successful they raise £820m, this money is being used to buy out existing notes which mature early, to repay a £20m coronavirus loan and other debts, effectively we are debt free till they mature in 2025.
That will obviously be the next announcement that we have completed the offering and have sufficient funds in the bank to take the strategy forward, in normal times that alone would lift the sp.

Who would have ever thought you could announce a deal with the Almighty Mercedes and the price drops, these are strange times alright.

Rox, that’s just a small part of my holding, it’s worst than that, or better, perhaps one day!!!

Plus 2100 & 240.

45000@ .5260

Rox, no one is insulted, come on give us the real figure on all your losses, I’ll bet your down by now headmaster.

Rox, I said roughly, do your own maths on your losses.

The deal is fantastic Mercedes doing all the preliminary work, think of the saving on testing, developing etc, and eventually the full takeover from Mercedes.
At least we know we are not vulnerable to a hostile takeover.
Timing was poor due to the overall markets, but as we’ve said before the Directors are there to run the company not watch the daily fluctuations of the sp, but eventually the sp will follow.

Let’s have it how it is, today was a major disappointment!
If Mercedes taking their stake from 5% to 20% doesn’t improve the sp, then what does??? I appreciate it was a bad day generally, but everything I read was positive .
The dilution with regard to the MB will be in phases, and they’re not going to trade them in the market, at least in the short term.The Institutional fund raising has given AML £125m in cash, so the company has much needed liquidity, so I don’t see that as a problem.Money raised from the secured notes is being used to pay off the bonds, and bank loan, so no problem there.Maybe a good nights sleep will help, but majorly disappointed.