Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
happily, i simply thought the share price was dragged down due to funding concerns and that following a RI the shares would start to move back up once funding was sorted, all the talk of Stroll's investment i thought would also be a positive, but as i have held here and learnt more about the company the less i have liked, it really is a poor business
if you include sales figures then they will still post a loss, they have posted a loss in 5 of the last 6 years, sales figures only lessen the amount of the loss and PEEL would have taken into consideration sales figures when they issued their note for AML a couple of days ago, yeah like some say they are not always correct but i bet they come closer than most on here who seem to think this company is wonderful and healthy
they will be in no position to pay off these debts... people really need to consider this when investing, PEEL said they will make a loss next year also... that will not leave them much time to deal with the debt
Leonw yes production has commenced but the company will still be loss making this year and next and as for rights issue cash,
£285mil CAPEX
£90mil interst
£100 mil capital outflows
that is £475mil spent this year and will still post a loss, so what about next year.. they will need more cash
i wish i was paid to deramp! but yes i am very much a real investor and i have been in and out of here a couple of times and i made the mistake of holding my last lot, i normally steer clear of companies with so much debt just because the risk is greater, not saying AML will go under but there is definitely more of a risk putting your money here, i have managed to avoid all the casualties such as NMC, thomsas cook, debenhams etc.
yeah there are positives, my biggest concern here will be the need for more cash in the near future and a debt that costs £90 mil a year in interest alone against a company that isn't making a penny profit. if they get through the next year then i think 2021 could be the year AML turns, but there will be more pain before we get there
it isn't scaremongering, did you see the numbers in the Q1 update? have you seen how leveraged the company is with debt? have you seen the company does not make any money? more money is going to be needed before the end of the year
this will not bounce back at all this afternoon, people just aren't getting this.. all this talk of less cash to mcap and below net asset values is just desperate people trying to kid themselves there is value here somewhere, there is no value here for you guys, this is a very poor business at this current moment in time, i am not saying that will be the case forever but as it stands