Member Info for Popeye62

Ennismore reduced by another 0.33% on 17th April. That's another 2m shares bought back. They've closed virtually half their positions within a week. At this rate they will be out very soon, and then it's time for take off. Sit tight. GLA.

Mikey - Wait until it jumps 20-30% in a day!!! And it will. Everybody's Aunt, Uncle, cousin, brother, sister and Grandmother will be on here telling you it will be 40p by Thursday and 60p by Friday and 80p by the end of the month!!! They will all disappear as quickly as they appear though!!! I must agree though I do prefer this nice steady rise. Good luck.

Exactly. I agree. When people find their cars won't start the first thing they will do, if they don't already have breakdown membership, is take it out cover. They can join the AA instantly and then trigger a call out as members. Membership in the AA will rise massively over the next 12 months. Also folks won't be taking holidays to Spain and Italy this year, I'm not even sure they will have us? As it will be summer time when we are released from the lockdown, people will be driving more and taking holidays in the UK. You wouldn't take all the family away in the car for a holiday without breakdown cover. Would you? More new customers for AA. It's interesting the classic car brigade display their metal AA and RAC badges as a pride of honour! No classic car looks completely without one.

Ammu123 - Medium to longterm, within the next 12-36 months I would expect to see north of 100p and closer to 200p three years from now imho. One thing for sure. Once this lockdown is over and traffic is once again mobilised there will be an awful lot of car owners who will be joining the AA because of flat batteries, flat tyres and cars that just won't starting, having sat there idle for months.

Ammu133 - Personally I sincerely hope it's not 50p. That would be a paltry offer. One thing that has concerned me though, is the fact that Albert Bridge Capital LLP have been accumulating stock at a rapid rate, and at prices significantly higher than the current SP. Their holding has increased from 5% only 4 months ago to 15.23%!!! Which is a significant stake. If you look on the Albert Bridge Capital website, they specialise in acquiring share in companies that offer significant value for their institutional clients. So they are mopping the stock up for someone??? Coupled with the fact that ennismore have been reducing significantly recently tells me something is afoot. Good luck. Popeye.

ivenoidea - Thank you for posting that data, it's all out there, it's just a case of doing a little research. There's currently only 618m shares in issue. So in three years it has increased by a very small amount.

The growth potential for the insurance side of the business is huge. AA has been switching more and more of the insurance business to inhouse. This increase AA's margins and that profit is all added to the bottom line. You will note from the balance sheet that AA has been transfering more cash recently to underwrite this insurance business. That cash still shows as a positive on the balance sheet.

I have been following AA for some time, and I believe the SP has huge potential upside, that is why AA is my largest holding. At these prices I have been adding significantly. In 2017 the disgraced sacked chairman held talks on two occasions with Hellman & Friedman. They had made a takeover approach for the AA. At the time the share price was 270p. At the time the board dismissed the takeover approach, as they felt the offer was derisory and not in the best interest of shareholders.

When Simon Breakwell was appointed CEO he carried out an extensive review of every department of the AA. They have invested heavily in the outdated IT infrastructure to bring the AA into the 21st century. This investment is already starting to show green shoots. Probably the most valuable asset AA holds is the valuable data of it's extremely loyal customers. Up until now that data had never been cultivated. The penetration up until recently to convert AA members to insurance customers was an abysmal 9%!!! This should be a minimum 70% at the very least.

It's interesting to note than when we talk about the debt of AA, it is currently £600m less than when AA was bought to the market in the initial IPO at 240p. They are tackling debt as a main priority, and making good headway. Currently they are a sitting duck for a takeover. I for one, hope that they are able to resist a takeover, as I think the potential longterm is massive. Good luck to all holders. Atb. Popeye.

Ennismore have now closed a full 1% of their short position over the last three trading days, the 14th, 15th and 16th of April. This represents over 6 million shares that have been bought. I'm surprised that the SP hasn't moved higher as a result??? The good news though, they must see this as the bottom, otherwise they would have stayed in longer??? With a bit luck we should see an attack on 30p next week!!! Good luck to all holders. Have a great weekend, and remember to wash your hands!!! Atb. Popeye.

I've committed the sacrificial sin and doubled up on Metro. My average is now 142p. However I look at it, I just can't see £200m mkt cap for Metro??? I've booked flights to Malaga this morning, and I'm flying out to Marbella for a week, flying out on Sunday. The drop has done exactly what it was intended to do, shake out as many holders as possible. I'm not even going to bother looking until I return. A lot of people have lost an awful lot of money on this!!! Good luck to everyone. I won't be posting until it's back above 160p. Atb. Popeye.

MerMillions - I think 161p is a good entry price. It's certainly better than 99% on here. Most people on here would give their right arm for 161p average. Good luck. Atb. Popeye.

It's interesting how it always bounces off 155p??? On so many occasions it's got precariously close, but not once has it breached 155p. I've lost count how many times it's done it now.

Jimjam - It's very important that it holds above 155p. It's tested it many times so far, but hasn't actually fallen through. If it can't hold 155p then I dread to think where the SP will go? Personally I would like to think that it will hold 155p. Atb.

The bit where Goldman Sachs hold for 24 hours? It was nice while it lasted, but it didn't last very long @

NOVECK - What do you make of this?

I'm all good thank you Ammu. We haven't heard from you for a long while. I was staying in Glasgow just before the new year. I went across to the west coast to look at a new boat. I did post some photos on the group site. Do you still read the messages? It's nice to hear from you, and I hope you're doing well. Atb. Popeye.

Good evening Ammu123. Fancy bumping into you here. How are you? I've got quite a few of these now. My original target was to be loaded up at 180p. I had to do a fair bit of shuffling, but I'm now loaded up at what I consider to be a good price, lower than the close today. Good luck with your trade. Atb. Popeye.

matlot - You did at one stage say that things would start to move very quickly. With the rns from Goldman Sachs and their 8% holding, how long do you think it will take for all this to unravel? Do we have to wait for the FCA outcome first? Or would they push ahead regardless of the FCA outcome? Your opinion would be appreciated. Atb

I'm long with a significant holding at a what I believe is a very good average. I look forward to what tomorrow and the next few weeks brings. Good luck all. Atb.

matlot - I never laughed at you. I for one enjoy reading your posts. Atb

As ArielArrow rightly pointed out 155p is key. It needs to hold above that price. All the time it's above that price I am more than comfortable with my holdings. I wouldn't pay too much notice to the background noise on here. Just keep a very close eye on 155p. Atb