Woah. I literally just looked on the BB just now. What great timing.
If you'll read through my posts again you'll see that I politely asked a very specific question about the acid test ratio of the company. Just because you can't give me a proper answer doesn't make a maggot. Good day sir.
1) It's not 'finger in the air' to value a company without a market cap. Business valuations happen all the time. The Bod aren't going to sell the company for cheap just because the sp is far too low. 2) It's not about why the BoD would want to stay in AIM. They've said they want to, that's good enough for me. 3) The existence of an NDA is itself pure speculation, although I concede it is likely 4) This is not a normal business whose operations are ticking over nicely and if a nomad leaves you can expect a new one within days. What's likely happening at EUA is far from ordinary. 5) I fully agree with the below that if we were not close to selling MT we are wasting time by not drawing down the Sinosteel loan. The implication being that there's a good chance we'll sell MT. 6) Negotiations take a long time and it's normal to hear nothing for ages and then suddenly it's all done and dusted in one go.
Looking into it further, I can see that the £365M raised from the rights issue wasn't included in the Q1 results, so by 20 April the acid test ratio should be about 1:1, which isn't great but means they can actually pay their bills for the next 12 months.
My second post was to try and understand better where CarsCoffee is coming from. I'm interested in the corporate finance aspects of the company. From their post, it seems that CC has some insight that I don't and I welcome a reasoned post as to why the current acid ratio is not problematic.
If I had a pound for every time I saw someone on LSE saying if you're not invested you should go away, I could quit my 9-5. This is a board for anyone interested in a company, not just for shareholders. And the board should certainly have balance between pros and cons (see my earlier comment about some people being blinkered).
Please, if you are able to address my actual point so I could understand your investment case better I'd be most interested.
This board makes fascinating reading. AML has to sell enough cars to turn around a £100M loss on the quarter into a profit of £300M within 12 months just to pay their bills. I hope they can do it and I'm glad the sp has gone back up some, but I worry for those of you who continue to vilify anyone who points this out. Investing is very much about protecting the downside and I worry that some of you are blinkered to any downside whatsoever.
I'm not a shorter, I'm just a guy with a keyboard. I know I'm about to be shouted down but I feel this needs to be pointed out.
Whatever you do, please don't invest more than you can afford to lose.
I'm just going to say it one more time then I'm logging off.
Stop telling people to hold. You are not in a position to advise.
Moreover, the company has current liabilities of £900M with current assets of only £600M so they are struggling to keep the lights on. How are they going to get the cash to pay off their liabilities when they're loss-making?
Oversold? That's just your opinion. Not fact. Please don't mislead newbies.
I have absolutely no agenda as I'm neither long or short here.
Why am I here? I find there are lessons to learnt from shares that underperform. And partly curiosity about why people stick to their guns no matter what.
You said just 2 days ago "If there is way this share is going to go today and in the future is absolutely North." You were clearly wrong then and I think you're wrong now. Just my opinion. I just said what I would do. You are going further and actually advising people to hold. Why should people listen to you when you were proven so wrong just 2 days ago?
The annual report happened to come out on 15 May last year, but it is not due until the end of June.
In any case the accounts only shows what happened last year. They might give some introductory indication of their future plans, but they won't say anything that would normally be RNS'ed. If they're not ready to announce anything it won't be in the accounts either.
This is probably where most people are going wrong. Ppl focus so much on news (cos they’re betting) rather than the performance of the company (which they would if they were investing in a business). How many ppl here invested without reading the last set of accounts? The accounts are the first thing I look at, lse is the last