Member Info for PATTS

Threeputt, £68m is nothing to a company with revenues of over £1b. Sure STAF's had a couple of bumpy years but well underway to returning to profit making.

Plenty of listed companies with borrowings 2 - 4 x revenue with little in the way of assets

Pap,
you going to be waiting forever, brokers are clowns. No reason the SP will ever get close to the forecast now that all dealers are open and DBX production and deliveries started over a month ago. Only positive news moving forward

threeputt needs a trip to Specsavers, STAF has very low levels of debt compared to most companies on FTSE/AIM

Please feel free to tell me what I've said that's incorrect?

I'm surprised to see the SP down at these levels. A £95m market cap makes zero sense for a company with a £7.6b+ order book, annual revenues in excess of £4b+, £300m in cash and a plan that seems to be turning the company around and should return it to profit in the near future.

Completely agree, much better news than I expected as I thought at least one would withdraw their interest. Great to see all parties are still in discussions, this is going to fly

Long way to go before it's back to fair value. be good to see 200p before the years out

I expect most here either top sliced or took profits before buying more.

No way you can claim "No takeover" when there is still several days to go and 4 interested parties.

And out pop the pair of ****y de-rampers.

Few days left before the deadline so still a high probability of a deal.

Madgpol,

I don't agree in regard to the bid price, AA will definitely go for more then 50p.

May have a lot debt but even after paying interest AA are still making very good profits

I appreciate that some PI's are nervous and jumping ship but I don't see what there is to worry about. There really is only two outcomes:
1) Bids are made and we all make healthy profits
2) No bids are made, or they rejected, the BOD do a placing to pay off debt in which case the SP will tank but after the placing AA will have zero debt, £1b in revenues and £250m net profits which should send the SP rocketing to levels seen 3 or 4 years ago.

Me too. I think the bid will be released at the Weekend, Tuesdays SP will open 50p+

Especially considering that pre Covid broker ratings were:

11-Feb-20 Liberum Capital Buy - 130.00 Reiteration
03-Feb-20 Liberum Capital Buy - 130.00 Reiteration
23-Jan-20 Citigroup Buy - 200.00 Reiteration

And those rating were issued before an excellent set of FY results.

With the way the SP has dropped over the past couple of days you wouldn't think that we are in the mists of a takeover battle with 4 interested parties and easy potential to double our money

Talking nonsense. There is only one short over 0.5% and that's TT International Asset Management Ltd.

Total shorts are 1.53%

There's always a chance but with 4 bidders it should be odds on of getting a bought out not to mention that competition between the bidders will help get us a better price

Hi Chris, as my post appeared after your's just to be clear my response was aimed at Luckystar. I am not subbed to the Times but if you click the link you can read enough of the article to see that it's pretty cr@p

I am not subscribed to the Times hence why I provided a link to the article you ****

For someone who is invested you post a lot of comments of a pessimistic/negative nature.........It would be nice to see something more positive

Jed,
https://www.thetimes.co.uk/article/aa-suffers-breakdown-on-road-to-higher-share-price-rml7bqd7s