Member Info for jedclampit

It's been what 2 weeks since we found out about some possible bids and these bidders know they are up against each other, so you have to ask the question If they are really interested why haven't they yet put forward firm bids.
Maybe they have and the bod's are comparing the value of the bids and their money raising plans for the future against the bod's own money raising plans and as yet the bod's don't think the shareholders will be better off.
The company must already have sorted out their money raising plan and will put it to the shareholders in or before the result unless the bidders come up with the gooddies by 1st Sept.
Only 2 weeks left and the longer these bidders leave it the more likely it will be to go with AA. plans and money raising .

Within this statement are the following bits, and I think the bod's could have already made up their minds which way they intend to go unless they get a very good offer.
Separately and in parallel with the discussions relating to a potential offer for the Company, the Board intends to continue assessing a range of other potential refinancing options including the possibility of raising new equity. In considering the different potential refinancing options available, the Board wishes to ensure that the Group has a stable, long-term capital structure and that the proposed refinancing enhances the long-term viability of the business and is in the best interests of the Company and its wider stakeholders.

Following a significant improvement in the underlying performance of the business over the course of the last few years under Simon's leadership, the Board has been proactively considering a range of potential refinancing options from a position of relative strength and ahead of its upcoming debt maturities in 2022. The AA is a high quality and robust business, with an iconic brand, a resilient business model and a highly committed and loyal workforce. However, in order for us to be able to achieve our full potential, the Board believes that it must now prioritise reducing the Group's indebtedness to provide the business with the right long-term capital structure - which we hope the current refinancing process will achieve."

So your going to buy more up to what 45p on Monday great to here as it keeps the sp up high for the rest of us. We need more posters like yourself that know what's going to happen.

Good morning, you keep going onabout Debs.
Could you please show me and all the others where i posted that info. I think you will find that was another poster.
But coming back to vog, yes I have lost thousands in vog like almost everyone else and if you can show me someone that has made long term money from vog I take my hat off to them, but either way this is the stockmarket and all a big gamble. some stocks start out small with prospects and grow and make money, some stocks start out small spend all their money and end up small and broke that could be vog . we win some we lose that's life.

With the sp trading at about 39p ish and any possible offers from 40p -45p makes this stock look like a hold until something happens because anything can happen.
Even day traders can take a punt from say 36p- 40p but from here can anything be gained.
At this late stage there is just the possibility that AA. could reject any offer of 40p or less and raise it's own money then 25p here we come.Everyone will be looking out for any news good or bad in the next few days.

Are you now just being pedantic, rights/ placing / funding it’s all the same.
But looking through the history much of which I took part in are the following fundraising / placing / equity issue etc etc etc.

21 st Dec 2007
29 th Jan 2008
12 th Dec 2009
2 nd April 2009
17 th June 2009
9 th July 2009
26 th Aug 2009
1 st May 2010
1 st Sept 2010
16 th Nov 2010
16 th Aug 2011
6 th Feb 2013
25 th Oct 2017
6 th May 2019
Now there might be more but that's enough to worry about, and it 's all gone down the drain one way or another but I guess you will find some good reasons for it but it's not the shareholders fault.

You are 100% correct I over estimated MC by £10m a silly slip of the finger, but fair enough because that make the true position much worse with MC only £8m when some £250m had been flushed down the drain. But in all honesty who gives a fig when things are this bad only you it seems because whenever someone puts a little bit of negativity out there you are all over it like a rash, very sad.
So when is the next rights issue at 2p coming?

Maybe both these holders think we have peeked at between 85p -90p so are just taking profit.

This is because no one wants to buy the shares and they keep dropping the sp to gain buyers. Very sad after all these years of shareholders money down the drain what is it Oh yes about £250m for a company that's worth what about £18m.
Still someone new has to keep throwing money at it to pay the directors etc.

You say you have been dealing for 50 years and when you retire your investments might have to last 30 years.
So if you are not yet retired you could be 65- 68 it means you were dealing when you were 15-18 years old. You must be very clever.

Yes I am also in here, but the point I am making is that although the travel business is going to be tough for a while at least we have the insurance side that looks like keeping our total business on the up and all extra profit is helpful in these times.

I don't think companies like Credit Suisse would be topping up if they didn't think a bid was coming soon. Next week must be the week , but I still think we might hit 41p by days end.

My point wasn't about getting a divi I don't think we should be getting any divi at the moment.
My point was if Admiral has had much fewer moter claims and made and an extra 30% profit then many other car insurance companies ie Saga should be in the same position, and we could see Saga's profits increase as well.

Very interesting article in the Mail today about Admiral, they have said that due to the shut down they have had significantly fewer claims by customers and as such made 30% higher profits and so are paying a special divi of 91.2p per share.
Now I wonder just how much better SGA'S insurance side / claims etc has been and can we look forward to the same?
Car insurance and motor claims must be the same across the board give or take a little, so maybe saga will have some good news to give us before long.

I think all the bidders know what value there is in AA. and what can be made and this could be the last chance they have to get their hands on it, because once AA goes it alone and sorts out the debt the will be a long term future for the company with big profits to come.
It's now or never for them.

All the bidders and the BOD's all know what value is in AA.
If the bidders are prepared to invest large amounts of money they still know there is more value in AA and they will still get back more than they put in. Likewise the director know that once they announce a placing etc to pay down debt if they go down that path then the hard work will have been done and the shares will be worth a lot more, sp goes up maybe to 80p .
this is a win win for us.

The Daily Mail clearly states 91.2p
So if it's wrong then they have it down wrong, but it does seem a lot.

Isn't there an Irish AA. company set-up maybe they are the directors.

Well we only have about 2 weeks before the first deadline of 1st sept so I bet we get some sort of news next week, could 1 or more dropping out or 1 or more making an offer.

very interesting article in the Mail today about Admiral, they have said that due to the shut down they have had significantly fewer claims by customers and as such made 30% higher profits and so are paying a special divi of 91.2p per share.
Now I wonder just how much better AA's insurance side / claims etc has been and can we look forward to the same?