AML -- 007p...12 May 2020 09:31
A lot of very naive "investors" on here!
As predicted yesterday, once again, a deadcat bounce off the technical 40p line. AML plunging back into the 30s.
Huge debt here, major rights dilution at 30p, another massive £1 billion placing on the horizon, F1 costs soaring, parts shortages, Arlington parts going bust, car markets collapsing, the list of decline goes on and on.
Fair value for AML is currently calculated at 27p... Halve it for a possible £1b placing... Halve it again for the incredibly bearish downtrend here... And you are left with a target price of 007p...