Member Info for jedclampit

But with all the funds this has had to raise and no profits this could be that aim tin pot company. !!!!

So is that the surge / spike over and it will fall back to 26p- 27p so many more can get it.

Well the rns says it all and it's about the same as mentioned in the trading up-date with everything coming in as expected.
Cannot see anything that is extra that will push the sp up a lot more from the current level and maybe it's already priced in. But being sod's law the sp will probably go down a little knowing the mm.

I haven't sold and looking to top up but been caught out like this before many times, so will wait until results.

Biggest / closest competitor must be Maclaren and they had turnover 2019 of £850m with profit of £2.6m and nett cash o f£39m, and I guess most of that came from payouts from F1 without they wouldn't have made any profits.
If AML can run a good F1 team and get money back at the end of the competition then maybe they to can also make a profit. It's just a big gamble.

Look we have all done this before we have bought shares expecting the sp to go up on the day of results but to find they go down, at this stage we might as well just sit tight and buy more on Thursday when they will go down to 22p- 24p.

We all know that AML has some wonderful brands but just look at the sp of both Pendragon and Lookers who sell many well known brands, they are also in the dumps and will be for another few months by the look of things.

Many posters keep saying this should be 50p- 80p + but we all know the main shareholders now would want this to be closer to the 30p rights issue so they can make even more money.
Like all rights issues a companies sp normally ends up around the rights issue price after a few weeks / months, and with all the shut downs and very low sales within the hole motor sector we could be low for a long time until the new F1 team get up and running.

As expected not looking too good, debt has gone up to £850m and this Outlook· The outlook remains uncertain and is changing rapidly and therefore we are not giving guidance for Q2 or for the remainder of the year
· We are using rigorous internal and external analysis and scenario planning to continue to monitor the COVID-19 situation and its impact on the business. This is informing our planning and decision making and we will take further action as necessary to manage our costs and cash tightly. So not looking good for the rest of the year.

Because the finals have been delayed until June to sort out the Finance trouble etc surley that puts them still into a closed period and stops any director buying more stock now or making any offer for the company including T.B .
Also when the lock down stops and the manufactures start up again they will be desperate to drive volume and may well offer dealers like Lookers very good discounts to either pass on or to improve their margins, then we should see the sp going back up.

The trouble here is that everyone including me is expecting the results to be very good and the sp to start going back up, but like many companies when they issue the finals no matter how good we thing they might be the city in their wisdom mark down the sp. Let's hope all the good news is not already built into the sp and it doesn't go down.

You cannot just have a merger, someone always has to have 51 % and take overall control.
We always here about mergers in the interest of both parties but at the end of the day it's a takeover one way or another. It does look like Pendragon were in the driving seat, but to take over or be taken over ?

So what was all the merger talks about, were they for a merger to help pendragon to survive or were to make a takeover offer for lookers, in which case they must have agreed some funding up front with the banks so any takeover could go ahead if agreed.
Or did they offer themselves up to be bought by Lookers ?

So it does look like pendragon wanted to merg ie buy looks and that was rejected by lookers, now I wonder what pendragon offered in terms of price 30p 40p 50p ?.
Lookers must think they have a bright 12 months ahead by themselves but I would love to be a fly on the wall of lookers because now it looks like they could be in the limelight for someone else to make an offer.

Looks to me like it could be heading back to 50p ish

Thank you for your views you must be an expert. Please tell us all just what you would have done and why?
Come on solve the world with your thoughts in stead of just ****ging others off without a clue.

could be at 30p but that would mean another 850m shares , so more like 20p and another 1bn new shares.

Now that PMO has won it's court case they need to raise another £282m by way of a rights issue etc, So what's the price going to be 15p , 20p any inside info or thoughts . and what will that do to the sp . back to 15p or 20p ?

Well is it going to buck the ftse trend today and go up to 28p?
Now that would be nice.

Supporting our customers and protecting our people

Countrywide provides residential lettings and sales, financial services, surveying and conveyancing. We operate through a network of 731 high street branches and, following UK Government advice, we moved swiftly to close all of these branches and support our customers whilst working from home. We have been working actively to ensure that customers who were in the middle of renting, buying or selling their home or arranging mortgages, general or life insurance policies were able to safely complete. It is gratifying that at this difficult time, we have been able to continue to support our customers; exchanged income during the lockdown period is running at an average of 33% per week compared with the average for the first 12 weeks of the year. Equally, our mortgage and protection consultants continue to be able to work remotely, with exchanged

mortgages during lockdown running at 68% of the average for the first 12 weeks of the year, with a mix towards remortgages rather than new purchases.



The Group manages approximately 86,000 properties in the UK on behalf of private and investor landlords and has a responsibility to keep our tenant community safe and compliant with legal standards through regulatory processes including: gas safety; essential maintenance; urgent repairs; and emergency rehousing. These are managed from our property management centres which remain operational, for this essential business only, supporting 100,000+ tenants who are reliant on us to manage their housing emergencies. The Group continues to facilitate lettings renewals through these centres and new lettings through remote working. Total renewals and new lettings together are running at 48% per week compared with the average for the first 12 weeks of the year.



To preserve and protect our business for the future

We have taken swift and decisive measures to reduce operating costs and capital expenditure. The actions taken include:



· Costs of the Board and leadership team: The Chairman and non-executive directors volunteered to take a 33% reduction in salary, with effect from 1 March 2020, and the Group's executive team and leadership team agreed to take a 20% reduction in salary from 1 April 2020. These reductions will be for the duration of the period during which the Group is participating in the Coronavirus Job Retention Scheme;

· Costs of our people: the Group has 78% of its people on furlough under the Government's Coronavirus Job Retention Scheme. All non-furloughed staff earning above £45,000 also took a 20% reduction in salary;

· Discretionary spend: materially reducing our discretionary spend, including our marketing spend, to reflect the current environment;

· Capital expenditure: curtailing all capital expenditure, including suspension of transformation of our IT estate;

· Tax deferral: using the Time to Pay provisions that allow