Member Info for MPO818

Have you noticed how many car manufacturers have stopped production in the U.K. over COVID-19. They are all massively overstocked, I’ve noticed huge discounts (over 7k) on many models. Industries across the country are calling on Government to bale them out from this virus disaster. I just cannot see any of them having the funds or the appetite for EV infrastructure any time soon. Once this virus is behind us there will be amazing deals available from the overstocked car manufacturers, all to the detriment of AFC.

Closed 17 Feb 2020 at 33p and tonight at 11.7p my calculator says down 64.55pc with commercialisation in full swing - great

I agree they have a draw down facility, however that costs money and AFC has no income. The bottom line is why have no sales or contracts materialised. Some say these deals take time, well in the current climate commitment levels are low.

A great entry point or a collapse. We know the company will need funding and under current conditions investors (with no announced orders) have no appetite, especially for AIM listed stocks. AVOID.

Playing with small investors. Fiscal stimulus giving investors false hope.

Cannot explain why this bounced back this afternoon, although that was in line with what happened with the FTSE 100. With Wall Street tumbling over 12pc I expect TUI and U.K. shares in general to get off to a weak start tomorrow. They’ve suspended business, that could last months and even when it resumes sentiment will be weak for a minimum of 3 to 6 months. With their level of debt the future looks bleaker tonight than ever before.

With over £2bn of debt and an application for state aid in the pipe line and many operations suspended their in big trouble

US Fed slash interest rate to near zero.

You need to look at all the circumstances here. I don’t think COVID-19 was an issue back then and of course that has had a disastrous impact on the oil price. Almost impossible to sell oil assets for any value in the current market conditions, especially when your whole business is capitalised at less than £200m.

The government has been reluctant to bail out many companies (think Carrillion,Flybe and Sirius Minerals)
If they were to offer a hand to Virgin then what about Ryanair, Easyjet and British Airways the list could be endless in the current environment. Can’t see it happening

That maybe an exaggeration. Even if China is back to some sort of normality, COVID-19 is a worldwide problem with border’s closed and many places in lockdown. Not many companies will be spared in tomorrow’s meltdown and despite this there will be many trading opportunities, but take care, for some companies it could well be the final nail in their coffins.

It should be on their web site now. Big update relating to holidays to Spain, Malta, Cyprus, Mexico, USA and Thailand.
Grim reading, sp will get hammered tomorrow.

What happened last week could be dwarfed by what happens tomorrow. COVID-19 news from around the world has been dreadful, I’ll be frightened to look at 8am.

Yes Spain is now closed for business. TUI is big in the Italian lakes and mountains, that is also a none starter. The USA is closed for business with all Disney parks closed, Vegas will be similar. Marella cruises are a no no at present and for the foreseeable .
With debts of over £2bn TUI will do well to survive, I could be tempted when it’s a Penny stock, that could be in the next few days. THE NEWS IS THAT BAD.

Yes he’s filing up on oil, but what’s happening to all the shale. Oil will go up to screw him on price. Ban on U.K. travel to the USA will also be implemented after a reporter asked how can the U.K. be allowed to travel when we have more infections than 16 of the 27 euro countries already banned.
His whole speech is an embarrassment.

Declaring a state of emergency later today will not help oil prices and puts a BIG question mark over market reaction on Monday.

It is reported that Spain has issued a State of Emergency as the number of deaths from COVID-19 exceeds 100. The U.K. Foreign Office has advised against all non essential travel to Spain. Another kick in the teeth for TUI and other travel related companies. Dangerous to trade, but an attractive entry point will come, but not today.

Beware. Although the company issued a calming RSN this morning they do not have control of what happens in the wider market and on oil rigs. A worker on one rig was reported to have tested positive for COVID-19 today that could be just the start.
I’m a big fan of PMO and was kicking myself for not buying yesterday, I think the opportunity will come again but pre weekend that does not sound a good idea. By Monday the picture for world markets will be significantly different.

I remember this being suspended at 19p when it bought assets from EON. My holding at the time had been bought at 360p with a top up at 216p (which I thought was a bargain). Despite being rather upset I began buying more and trading to get my average down and happily I exited a little while back at 114p for a tiny £287 profit having been down well over £20k when suspended at 19p. I recall being in a similar position with Thomas Cook, they hit trouble again, and history tells us next time around went bust. Back to PMO, I think the delay in the Zama sale means it is not happening, especially with oil at these levels. It cannot raise the funds to buy the BP assets, the huge short is still dragging it down and the Saudis seem determined to wreck the oil price. PMO could well do a Thomas Cook and from the looks of things TULLOW may not be far behind.

With PMO only capitalised tonight at £220m it cannot raise the amount required for the BP deal. Maybe BP can gobble PMO up instead.