Member Info for redwineday

14k traded and 5% swing. If they could generate some interest this could go higher quickly. We need a nice big rock to be found.

Although to be fair the sink has already been thrown out of the window here. TB 50m quid down. Must hurt...

If they come out and say there are more accounting skeletons, even if its non cash, the SP will take a good kicking. I think with a new CEO wanting to clear the decks there will be kitchen sinking.

Gone to sleep here. 20k traded. Wouldn’t get you through the door at Graff.

lol

This is going no-where until the fraud implication is clear and the FSA enquiry is over. June before CY19 accounts are published. What a mess....

Difficult to buy at any amounts today. Obviously no one selling, stock being held tightly.

He really put his money on the line, not!

Sunday Times rich list has him 54m down on his Lookers holdings sine last year. He’s doing worse than me lol. He still has more than enough left to take it private though.

Can't see this getting much lower. Market cap is equivalent to one big pink find and even if you don't think the chances of that are good, then over a year or so they will produce a number of stones which can equal the cap. Question for me is how long you would need to wait for a significant uplift and that depends entirely on the diamond market. My guess it's a couple of years ex covid, but you can reasonably expect to double your money. Second thing with gem is for me its quite opaque. Take for example the sale of the Botswana mine. Radio silence. Also in the past they have been reluctant to consider divis. This has undoubtedly held the SP back. Of course now we can forget this for a long time. All in all though I am a buyer at this price but one for the bottom drawer.

Why on earth would the put up the interim CFO, so someone who will be with the company on a temporary basis to field analyst calls. It was either a stupid move or alternatively the CEO was/is indisposed. In effect it's a freelancer trying to manage the expectations of the City. This is, at least at the moment an FTSE 250 plc ffs. Is it really surprised the SP drops again as said analysts cut their price targets. Really basic stuff managed badly imo.

7% by my calculation. Can't see them bidding less that the theoretical ex RI price. The II's who bought in would be unlikely to sell soon soon after at less than they bought in for.

I found it astonishing that given the situation the CEO didn't participate in the call.

Look at the property value, even it’s say pessimistically worth 30% less than a year ago it’s still c250m. Vs a market cap at 100m plus the debt at 70m. So even at double today’s share price means no underlying value in the business. So I think at 50p it would be still well undervalued. Plus and it’s a big plus you have you have a director holding 20% of the stock at an average higher than this. No way would he be selling for a lot more than 50p. In time this has got to be worth 80p.

May need to wait a couple of years but could be a multi bagger when Covid passes and US/China pick up. That said thing I still cant get my head around is future capex requirement. Will be enormous. So my conclusion is Stroll will look to sell once the books are cleaner and brand future is clearer. Car business needs very deep pockets and these guys are not here for the next 20 years lol.

Cant see Palmer staying. Stroll will want his own guy. Wolf perhaps? Domenacalli went to Lamborghini remember. Didn't I read somewhere that MB were considering their future in F1? I have been really sceptical on AML but I am thinking about jumping in based on the last few days.

Lignumvitae, sorry mate I misunderstood your point, we agree.!

Why is 64p the downside? The downside is potentially zero p.

The issue here is the future funding requirements and the level of debt. The market believes AML will require more money to stay afloat. Since they are unlikely to be able to borrow more even at usury rates then further dilution is on the cards.

Stroll and his mates may put in more but, if I were them, at a price to wipe out the other equity holders. This way they can effectually take the business private without exposing themselves to the debt.

Aston will survive but the equity holders I doubt.

Less than PDG. Who would have thunk it....There is value is this on a relative basis, question is who can survive over the next 3 months.

hey mate, pass that fat smoke over here, I need some!