Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
G'day!
The persistent negging on here particularly by one poster is as boring as it is ridiculous! The hours and hours and hours the poster in question (likely a disgruntled former employee or jilted ex of an existing employee IHMO) spends drowning themselves in IAG negativity should tell you all you need to know - i.e. they are very evidently not of sound mind. I do wish the person in question well and hope he/she is able to make a full recovery and move on... and hopefully finally spare us all from their obvious madness!
Meanwhile, back on planet earth, the US announcement is a total Game Changer for business travel! Typically for a B777 crossing the pond, 70% of revenues will be generated by just 30% of the seats - yep, J class. The pent up demand for transatlantic business travel, which capacity wise is still just a mere fraction of pre pandemic levels, is about to boom big time!
The Fasten Seatbelt sign has just been turned on, please return to your seats and enjoy the ride LTHers!
Cheers,
Mr Fogg
Thank you for correcting re Prospectus Mary. This may also be helpful to add to this discussion, from ii:
Record Date
The Record Date has no bearing on who is entitled to the Rights Issue, but it is the date the Registrar uses to determine who they contact/pay.
If you made a transaction prior to the ex-date for settlement but after the record date, you will be entitled to the offer, so a market claim will be raised on your behalf.
Unlike dividends, where the record date is usually two to three days after the ex-dividend date, for Rights Issues the record date occurs before the ex-Rights date.
Ex-Date
You must be a beneficial holder of the ordinary shares at close of business on the working day prior to the Ex-Entitlement Date. Anybody buying ordinary shares on or after the Ex-Date will be purchasing without Rights. Similarly, anybody who sells their shares prior to the Ex-Date will not be eligible.
G'day all,
Hoping to help clear up some confusion on this board... according to my professional broker record date is unimportant at this stage as UK PROSPECTUS not yet published by EZJ, just an advertisement. According to same broker, you must have EZJ shares in your account at close of play today, regardless of trade/settlement date of those shares (so yes you can purchase today and be entitled to rights according to broker) as prospectus expected to be published after market close today.
This could all be incorrect of course so is not advice and merely an opinion, DYOR and all that. It is however from a trusted source.
GLA
MrFogg
G'day JT,
Thank you for the regular updates, much appreciated.
You mentioned the high Auto Vol… this is just a possibility, and I'm more than happy to be corrected here:
As one earlier poster put it, at 50p there was "more resistance than a Hong Kong protestor" - it finally broke right at the close yesterday. 50p was both a significant technical and psychological level and I suspect it was used widely by institutional traders both as a stop sell (sellers), as a take-profit (buyers) and also as a new entry point for both sellers and buyers (less of the former). Most of these transactions would have been triggered automatically by the SP breaking through the 50p level.
This might explain the high Auto Vol early doors this morning.
However, just IMHO of course!
Cheers,
MrFogg
Agreed CC, there will likely be some short term profit taking and consolidation volatility at 50.01p, but next stop ought to be 58p, perhaps next week, assuming no wider market disruption in the meantime...
IMHO, please DYOR.
Cheers,
MrFogg
G'day,
Happy Friday!
There is far more to a business than its immediate balance sheet, especially one, such as AML, where any heavy capital investment made will generate a ROI years later!!!
Evidently they don't teach that at Troll HQ!
Enjoy the long weekend!
Cheers,
MrFogg
G'day all,
It seems to me that much of the negativity posted here is based on short-termism or failing to see the bigger picture... "can't see the wood for the trees" springs to mind.
Someone a few days ago enquired about the quick ratio/acid test: AML is currently just below 0.5, which is poor. However that metric alone is of very limited value, even more so in the case of AML where any benefits of their recent substantial capital expenditure has yet to even begin to be realised. It is merely a snapshot of the current balance sheet so it is inevitably low right now immediately following a major investment that is yet to yield results - it does not consider future ROI, future sales revenue, expansion & growth, ongoing restructuring, debt refinancing options etc etc.
The bigger picture here is of course includes Messrs Stroll & co - we can rest assured they do not suffer from such short-termism. His consortium has undoubtedly invested based on a minimum 3 to 5 year business plan, in order to achieve what he has an exemplary track record of achieving: to turn around the fortunes of an underperforming business.
This is not a simple short term project to quickly generate a measly return on their substantial investment! Far from it, this is a long term multi phased plan to propel AML to the very top of the global luxury car market.
I for one am backing Messrs Stroll & co to pull it off. Others may of course take a different view. By focussing on the immediate details you are in danger of missing a far bigger picture here.
Just IMHO of course, this is not investment advice, I am merely a small retail investor with little experience in trading financial instruments, here for the long game, please DYOR.
Good luck all LTIs!
Cheers,
MrFogg
No worries CC, we can politely agree to disagree, we are simply posting personal opinions based on our own judgements and circumstances in any case.
The one word I would use to describe the AML secondary share market atm is... arbitrage :-)
Just IMHO, all the best, GLA, please DYOR
Cheers,
MrFogg
G'day CarsCoffee,
Apologies in advance but I strongly disagree:
There is an instant trade available to all pre RI holders yielding 60% to 90% (at current prices) return on newly acquired (RI) stock. The average share price of any retained stock has no influence on that immediate transaction value.
Not all pre RI investors are holding on to 100% of theie newly issued shares post RI, as can be evidenced by:
Massively increased volume and liquidity
Downward pressure on the SP
Please DYOR though, this is merely an opinion and does not constitute investment advice.
Cheers,
MrFogg
Agreed Amers, this is a simple supply/demand flow, additional downward SP pressure will continue until the majority of post-RI profit-taking has been executed... at which point the SP will begin to move towards better reflecting fundamentals/sentiment.
Just IMHO, please DYOR.
GLA
MrFogg
G’day,
Part of the reason for the volatility and downward pressure on the SP is due to post-RI short-term profit taking; not all pre-RI holders held on to their newly issued 30p shares of course – there is an immediate trade available to them for an instant profit of circa ~60% to ~90% at current prices (notwithstanding the implications for the average share price of any retained stock).
These trades, some of which are sizeable, are being fed into the secondary market, hence the significantly increased volumes and downward pressure on the SP. Not all of these trades can be made simultaneously, or the impact will be too negative and the available profits reduced, so they are being fed over time and for now this certainly appears to be ongoing.
Whilst obviously negative for the immediate SP, this trade can only be done once of course so it is finite - once much of the short-term profit-taking of this nature has been executed and the rate begins to slow, the SP ought to move more towards more accurately reflecting the fundamentals and wider market sentiment once again.
On the wider market sentiment, the world is clearly in a very volatile and unpredictable phase at this precise moment, there is simply too much uncertainty and the overall economic impact of the pandemic is yet to be fully understood; the shape and timing of any recovery can’t yet be predicted with any confidence. As the fog lifts over the coming weeks and months, we will all have a much better picture and confidence and optimism will of course begin to return. In the meantime though, expect far more market volatility in the days and weeks ahead.
The AML fundamentals remain very positive in my view, with more secondary market liquidity and (for now!) a low entry price point with which you can join MSSRS Stroll, Wolff & co on their ambitious and exciting journey – details of their plans can be found in the RNS’s and numerous press releases and coverage etc.
As with all shares there are risks, however for my circumstances the possible downsides outweigh the potential longer term upsides; I increased my stock in AML by 50% over the last 24hrs and am holding for the medium to long term with a TP target at ~120p.
Apologies for the longer post!
Cheers,
MrFogg
Disclaimer: All of the above is just IMHO and does not constitute investment advice nor should be used to inform your own decision-making re AML or any other shares – please DYOR and/or seek professional advice – I am merely a small retail trader with little to no experience in trading financial instruments.
Hi Jed,
Yes more funds might possibly be needed in the near term... they now have multiple additional avenues to explore for this though, not all of which necessarily involve overt market activity of course.
My point re TW was not his holding % but that he has invested ~10% of his declared personal net worth into AML. That is some commitment, for which he will be looking for more than a meagre return, IMHO.
Cheers,
Neal