Ya, debt is back under control, free cashflow has increased, and it has ~£200m cash to play with. The average stock in the transportation sector currently sits around 10-15. AA is at 1.
The £600m Easyjet loan (from UK taxpayers) is going to pay a Franco-German arms manufacturer for some planes the firm does not need. A huge scandal brewing.
You can see the atmosphere around AA is changing now. Big buys coming in from IIs and PIs. Hundreds of forum posters a day on here. Upbeat trading statement from the Board.
Great day here. Pushing into the 16s and nudging the 17s. Sentiment has finally turned positive. Huge volume traded, way above normal. Rising price + rising volume is a very bullish sign. Technical charts point strongly to 25p as the next stop. Various broker forecasts are between 70p and 130p. Currently on a PE of 1 (one). A very conservative PE of 3 will bring 50p. Trading not impacted by the plague. Fewer breakdowns mean lower costs and fatter profits. Keep an eye open for director buys in the coming days.
RE: Good article about excellent trading update7 Apr 2020 14:05
REAT should ring the BBC and ask if they want to do a profile on deep-cleaning for the new plague. Show them how they fog offices to keep the country running, and deactivate viruses in homes with children, babies and granny. Raise their profile more.