Member Info for Popeye62

CEOAdam - That's an honest factual summary of the AA in a nutshell. All companies should strive to increase profits and at the same time reduce debt, but sadly that is always the case. AA cannot do anymore than what they are doing presently. The new CEO Simon Breakwell has made a huge difference, and the strategic plan he layed out is now bearing the fruits. Gross profits for last year were £257M on a £1BN turnover, which in my book is impressive. I believe they can go a lot further and increase their margins, which will translate into higher profits. If the AA continues in it's current vein, then the debt pile will become a lot more sustainable in only a few years. It's interesting to note that the securitisation for the bonds on the insurance side does not include AA insurance underwriting, it's only on the brokerage. You will note in the accounts from past years that AA is been actively switching insurance clients from brokerage to their inhouse underwriting. This would therefore allow the AA to sell their extremely valuable insurance underwriting business should they choose to do so??? Good luck to all. Atb.Popeye.

Very nice rise. Not completely unexpected.

Good to see we're on the move!!! This should now continue up to the results. Mariog is not the only one who is psychic!!! Good luck all.

A close of 24p or above would be nice???

At last the volume has started to kick in!!! Hopefully we should now see a nice steady rise, between now and the trading update on the 11th August. Patience will be rewarded!!! Good luck to all holders.

The bonds and their renewal are not an issue, all the time AA are making healthy profits. AA bonds are trading higher than FTSE100 companies like Easyjet!!! EZJ will not make any profits this year, they will make huge losses. Have a read of the S&P synopsis for AA bonds. They openly state in macroeconomics, that in recessionary times AA will be more profitable, as many more motorists will take out breakdown cover, as opposed to buying a new vehicle that would automatically have breakdown cover. I've added 84,284 shares today, the 2 × 42,142 trades were mine. I will continue to add to my holdings at these prices. Good luck all. Atb. Popeye.

it's interesting to see that JPM have reduced their equity swaps slightly, but increased their physical shareholding. The SP is being manipulated at the present time. Retail shareholders have very little control over the SP. The institutions will let it go when they're ready. Fundamentals are very good, 22p is not a true and accurate reflection of the company. Just a little bit patience, not long now. Good luck all.

Up 13.41% now!!! The 15% rise now looking very likely. Will we see 20% or possibly 25p today. Atb.

Good to see the rise go into double figure percentage wise. Now up 10%. Will we see 15% today??? GLA. Atb.

mariog - Thank you for the bonds updates. Atb.

Darren - AML has dropped from recent highs of 80p to 50p in a matter of weeks!!! A 40% drop!!! Be very careful of that one in your pension fund, otherwise you will shopping in Aldi's in your retirement. Not trying to be patrionising or super basic, just being honest and realistic. Good luck. Atb.

Moving up very nicely this morning!!!

Deemule - That's great news. I'm glad to hear it. That means you can enjoy the whole of the summer and still get paid!!! Atb.

Good morning Deemule. The trading update for H1 is only just over a month away. That's when things liven up a bit! It's not nice to see the SP getting buttered, but when it opens up one morning very soon 30% up, that's when shareholders will be rewarded. In the meantime let's see the SP creep up to 30p pre-results. Atb.

watkins2008 - Maybe not today, but you will see 40p very soon with just a little bit of patience. The AA are doing remarkably well considering the current circumstances. They are currently very busy, which is more than can be said for a lot of quoted companies. Atb.

Good morning deemule. You're up early!!! Are you out walking the dog?

007 - "You couldn't even give the company away straddled with straddled with 2.7 billion pounds of debt"??? What a stupid thing to say!!! At the initial IPO it was floated with 3.4 billion of debt at 240p a share!!! They didn't didn't struggle then. Debt is not a problem when you're making annual profits of £257M!!! The profits are the big attraction to predators.

67amg - I always believed that the AA would be taken out by a major insurance company. Perhaps Aviva??? What an ideal fit??? AA are generating £257m profits. A major insurance could take out AA for say £4-500m, with the debt that would equate to approximately £3bn. The return on that capital employed would give an instant return of roughly 10%. Also think of all the synergies??? They get the insurance side and the elite breakdown service included. My belief is the SP is being pegged to get AA on the cheap??? There has never been a better time to pounce. We know that the ex-chairman Bob Mackenzie was in preliminary talks with possible suitors. I certainly won't be selling at the moment. Please DYOR. Atb.

It's now becoming blatantly obvious with this recent stake building by JPM that an offer for the AA will be forthcoming IMHO. This is purely my own personal opinion and belief. Please do your own research. But the constant stake building day after day is relentless. An offer for the company can be made whether the holdings are direct or indirect. Don't pay too much attention to peeps harping on about swaps!!! Let's see what happens when 30% is breached. As I said please DYOR. These are entirely my opinions. Good luck to all holders. Atb. Popeye.

I don't think there will be a trading update released on Friday? They don't normally. They released the full year accounts last month. The next trading update will be 1st or 2nd week of August. They will give a trading update as to revenue and EBDITA for the H1 period 1st Feb to 31st July 2020. That will then give us a true indication as to how the AA has weathered Covid19.