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@LawStudent...unfortunately, I didn't, I was waiting for AML to drop to capita level but never happened as I was trying to buy original number of shares back that I had with AML. Today I was trying again to move to AML but stock was too volatile so just gave up. I am hoping Capita will be moving north soon.
I had 90k shares in AML at 57p and sold them at 30p due to panic and derampers and bought Capita instead. Do I sell capita and buy back AML? I don't think I can get back 90k shares again after selling Capita as opening price for AML would be much higher.
I do hope AGM on June 25th will bring some good news, Capita is signing new contracts and renewing existing ones too and they are still generating income not like some other businesses. Hopefully they won't need to raise more cash through Right Issue.
https://www.gpblog.com/en/news/59670/perez-acquisition-of-aston-martin-does-add-pressure-.html
I can buy same number of shares I originally had in Aston Martin...so its like selling of Aston Martin and buying them back and buying the original numbers means it is just a paper loss not actual loss as price of CPI & AML are still the same
I believe 2nd quarter results will be worse for AML as lockdown started in Europe towards the end of March, we are still in lockdown however things have begin to ease now. Usually very wealthy people will spend their money these cars, I believe a lot of people became rich from this volatility in the market but I am sure a lot of rich people who were already invested in equity would have lost their wealth (paper loss). Reason for buying Capita is pure logical. They are signing new contracts, or renewing their existing contracts, they still have income. I do believe AML is likely to recover quicker but I just don't feel safe as they will have liquidity issues as they are not generating any income. At the moment both AML and Capita have same SP.