Member Info for johnpwh

Have to admit the F1 commitment is a worry. Aston as a brand has not had success in Formula 1 for decades (I know they won Le Mans in the 1950s and think they participated in F1 at the same time). Lack of success hasn't hung over McLaren road cars too much but then they had reasonably recent success. A failed Formula 1 campaign, with cars making up the numbers, or maybe not even qualifying, will be eye wateringly expensive and could harm rather than enhance the brand. I question whether as a brand Aston needs it - Lamborghini, Pagani, and the latest Bugatti reincarnation don't feel the need. Of course the new Chairman's son is in F1, I hope giving him a continued career isn't the reason!
Anyway, I've ended my first day as an AM shareholder in the blue which is nice. I generally am a long term holder when I invest. Good luck to everyone, hope all well.

Many more shares in issue obviously but if you take up your allotment then no dilution in your proportionate holding of company equity other than due to the placing. The placing itself will be dilutive, as will the rights issue if the new shares aren't taken up. The number of shares in issue will rise but the Market Capital hasn't - in fact very much the opposite over the period since flotation. MC = no shares in issue x SP!
So the Chairman has gone (a bad day for equality in the boardroom), will Palmer survive? There must be a question mark over him due to the debacle since flotation - under him the companys future is in doubt again. He may be CEO but I think Stroll is going to call the shots. He controls 25%, has a personal fortune running into billions. Will he take it private?

Don't know, all I've seen here in the last few posts is that people should put 'rights issue' into Google and read about how it works. Really shouldn't be investing at this level without understanding fundamentals.

Have to say I prefer the DB4 and DB5. By stretching the body for the extra seats it looks too narrow.
Anyway, was also looking at Tesco (conclusion, barely fallen in price, increased costs with agency workers to cope with the temporary regulations and moral pressure not to make bonanza profits this quarter but may suffer future profit drop due to most folks pantries looking like a Tesco Metro).
The restaurant/ pub sector is bombed out, and may look good as weaker competition goes to the wall (Restaurant group, Carluccios are but 2), looked at M&B (I'm a Brummie) and 'Spoons (I like drinking). They have rebounded surprisingly since late March but still well down.
I'm trying to summon my inner Buffet - where has there been over reaction due to their sector being hit, and which companies in those sectors are the most financially stable and able longer term to profit from the less well financed competitors going bust.

Well I have joined your merry throng (let me just check the spelling of that last word). Yep, no typo.
Good luck to me!! And my fellow AM shareholders :)

In fact I don't think the DB5 'continuations' are even road legal! Mind you, suppose it doesn't matter if they are just destined to be trailer queens. They aren't based on unused chassis numbers (like the Jaguar XKSS' were) so are 'new cars', and as such can't be road registered without meeting current regulations. I'd imagine an original DB5 would have an NCAP rating of about minus 20! Here we go again, just got a quote of 73.20 to buy

I agree Tiptree, it has gone bust before - several times! Yes it would survive as a brand, I believe its one of the strongest in the world, but that wouldn't necessarily mean the current equity holders would benefit. I agree re Stroll, he is a sharp cookie - but him being a sharp cooking might work either for or against current shareholders! He was savvy enough to have that renegotiation clause in the original agreement. Now that was clever. My question to you, as you are obviously better informed than me about recent goings on, is have actually got Strolls consortiums money in the bank yet? Would appreciate the information, thanks in anticipation

At the moment it seems to been worthwhile to have bought the shares just before x rights and to have taken the full rights.
I don't know what to think at the moment, am considering a flutter. Not sure the SP will be going anywhere predictable in the near future. I wish all holders wealth and, it goes without saying, health

May? I wouldn't be surprised if it goes to June tbh. I think there may be a balance here - a controlled release into the community, but one eye on civil disturbance. I understand there have been early signs of unrest in Italy. For the economy they really do need to get people back to work. The 'peace' could end up being as bad as the 'war' if the world goes into depression.

Good point 3300, and one that had occurred to me and forgot to put in my post.
After this crisis we wont go straight back to normality. People wont start going out again in the same numbers, the desire to socially distance will continue, not so many nights in pubs and restaurants, not so much use of cafes. So some of the added food/drink volumes from those sources will persist. Plus people may have the 'taste' for home deliveries which I assume adds a margin, helps with stock control and allows smaller (and fewer?) premised to be adopted.
Its going to be a different world afterwards if this lockdown continues as long as we fear. People will be, and will feel, poorer. Some of the froth (nailbars, beauty salons, car detailers etc.) may recede for a time at least.
Whether that is enough to persuade me to invest in Tesco is a question I am pondering.

That's a good post barron. Was looking at this but my decision currently on hold:
The SP hasn't dropped much, for obvious reasons, over the past 3 months compared to the market. So probably not much rise when the market recovers
Additional costs as you say, though hadn't realised quite how much
Great sales, great gross revenue this quarter. But many of these sales are retiming, and quieter quarters will follow
There will be pressure not to make excess profits as a result of Covid - maybe even pressure to make a substantial NHS donation?
On the other side there are clearly some unexpected sales to replace the effect of closed pubs/ restaurants that wont be 'lost' later, also reduced wastage of unsold perishables, less need for promotional offers, some hoarding sales will end up in domestic refuse so wont simply be advance purchases.
Which is a long was of saying I'm sitting on the fence for now!

I keep looking at RMM, having previously been a long term holder all through the George and Norman eras. I was considering another punt, with the 'electric' future a possible driver. Sadly this keeps dropping, keeps raising finance. I cant find the current cost of production, but remember $2.79 from somewhere? Despite the port etc things don't seem viable at this level when there are much much lower cost, larger scale producers about. If someone wants to set me straight I would be interested but as someone on the sidelines I can be objective and what I see is a company that is being run to pay the wages and little else.

No, but would be interested to know zapsnap, and briefly why you think that is

LONGWAIT
That is very relevant. Trump wants to keep PoO down to a 'reasonable' level, hence his pressure on the Saudis a year or so back but he knows he cant let the US Shale Industry die, that could well scupper any hope of re election. We could be fortunate (if you can call anything about this situation appalling situation fortunate) that this is all hitting the fan 9 months before he goes to the polls.

There are any number of stories at the moment predicting PoO down to being negative! Lets hope the outcome, whatever it is, allows HUR to remain at least marginally profitable. With OGAs promised gentler regulatory touch I guess HUR can go into semi hibernation for a time with its assets intact and safely stored underground. Wonder what this situation will mean for Spirit in general and the GWA agreement in particular?

I hope so for our sake. You have two massive egos here who cannot lose face in front of their citizens. Like you I expect both parties want to resolve this, while hopefully (for them) still crippling the US. So somehow the climbdown, if there is one, must be achieved with pride intact. The only chink I can see is the 'relationship' between Trump and the KSA. If the latter could backdown 'for the sake of the world economy during this crisis after discussions (pressure from) with Trump' then maybe Putin could also have an excuse to relent. Putin will be happy if crude hangs around say $40 at which point the shale producers are still a squealin'

Nope, not a clue! There isn't much logic about, so best not to look for it. PR victory letting accommodation out for key workers etc but not sure how that turns into prospects.
Hope that helped even though I know it didn't. Keep well.

Ok. No longer building!

Er….nope!

I'm not down on HUR honestly! God knows I've been a believer long enough.
I think the lower PoO, and the almighty mess the world economy is going to be in post covid-19, is going to put the brakes on and delay the green revolution.
PoO will recover, but when the music stops you wonder which companies will be left trying to put their bums on the seats.