Member Info for PATTS

If AA achieves Jedclampits bid price we will be able to afford lifetime memberships.

madgpol, done

Estimated bids so far are:

castle2012 50p
PATTS 50p+
Pianista 50-60p
chrisengland 50-60p
BareNeccessities 56p+
Ammu123 60p+
Jedclampit £1.50

This is just for fun, no need to flame anyone. Most of these prices are sensible given the original media speculation was 40-50p. Lets hope for a bidding war.

I'm seeing wildly different numbers being thrown about from 40p to £3.20 so what do you guys think a realistic offer will be?

I believe we should be looking at a minimum of 50p and possibly higher given there are now 4 rival bidders.

Glowing review for DBX from Carwow including 0-60, 0-100, 1/4 mile and braking test:

https://youtu.be/VwtT2bUIPCc

You spend all your time on trying to cast doubt and scaremongering so you must have an agenda........if not a shorter maybe you are paid by them lol

Yes I think so. Great to have seen the SP rally over the past couple of weeks

ATISHA,
What are you talking about? no reviewer has stated that

Carbon brakes is all Rory Reid kept banging on about during his review. Carbon brakes on a GT - SUV is an utter waste of time and money. This car is not designed or is highly unlikely to ever be used on a track so I am not sure what the point of AML doing test drives around Silverstone was all about. For all road driving steel brakes are superior to Carbon brakes. They provide better brake feel, do not need to be heated to provide optimal braking and are far far cheaper to replace. Even under emergency braking steel brakes normally perform similarly to Carbon brakes, it's only under track that heat soak starts to cause brake fad where Carbons are better.

Pianista LOL, you're blind

It's looking good. I'm almost hoping to see 290s again just so I can top-up

Holdings RNS,Albert Bridge Capital have taken a 12.079% stake in AA and they are based in Austin, Texas. Could this mean the bids are further forward?

Deedo - de-ramping clown

Overall market is down but unusually 80% of my stocks are up. There have been many times when I have seen takeover announcements sending the SP straight up to within a penny of the proposed offer and I fully expected to see that here especially given the great value on offer.

I am sure there have been many taking early profits and maybe shorts closing. Fingers crossed, we will see upwards momentum continuing over the next week or two.

Really surprised at todays limited reaction to potential buyouts. The SP only reached similar levels to those seen from the FY20 results released back in May; they alone should have sent the SP to 40p+

If the buyout does happen I believe it will be at north of 50p

Bo,
I don't know why he wastes his time constantly deramping ARW. The Q1 results were very good given the currently climate. Very strong cash position and as per trading update ARW are in a good position to capitalise from the lockdown and incoming recession

Devon Equity Management Limited and Morgan Stanley increase their holdings

Broker views bare little to no resemblance to reality. Look at the broker rating on any company and see how often they are correct.

Broker ratings are just there to mislead Pi's.

Dave the paid shorter.
First ever post here and it's a de-ramp with completely unfounded claims.

Cesna,

Unfortunately not. I originally bought in at 1100 thinking I was getting a great divi. I've averaged down along the way and I am not concerned as I know the price will recover at some point but it does suck being my only loser out of 15 stocks

I appreciate that you got the resistance levels off of "marketscreener" but a quick check on there technicals for other stocks that have performed well shows that they are not to be believed. I also agree that many of the RNS released over the past year or so have been negative or neutral but I also think it is down to interpretation which in turn has lead to overreaction. There have been positives that seem to have been overlooked. Broker ratings don't help even if most know that the brokers do the opposite of the rating.

Aside from the 922m goodwill impairment charge the interim results were pretty reasonable; some positives being:

Impact of COVID-19 largely mitigated at Adjusted EBITDA1 level due to close management of the cost base. Adjusted EBITDA margin1 (after adopting IFRS 16) of 38.0% (30 April 2019: 39.9% CCY). Only 2% difference.

The Group continues to make progress against our strategic initiatives to improve operational efficiency and simplification, as well as to strengthen our product alignment with customer needs. Accordingly, we continue to make incremental investments in our operations as far as possible in light of COVID-19.

·      Successful refinancing of $1.4bn Term Loan in May 2020. The Group has no term loan maturities until June 2024.
·      
The Group had cash and cash equivalents of $808.1m as at 30 April 2020 (31 October 2019: $355.7m), which reflects $633.1m of Operating cash1 and $175.0m of RCF drawn as a precautionary measure. The Group's available liquidity totals $1.1bn.
·     
 Strong cash performance, with Adjusted Cash Conversion1 of 131.5% (30 April 2019: 115.1%) and free cash flow1 of $304.9m in the six months ended 30 April 2020 (30 April 2019: $419.5m). 
·     
 Cash generated from operating activities of $560.4m for the six months ended 30 April 2020 (30 April 2019: $622.6m).

Increase Major holdings since June 2020:
BlackRock, Inc. increase from 4.27% to 5.53%
M&G Plc 5.02%
Causeway Capital Management LLC 4.88%