Member Info for Toonman

Steve 72 “only 2 certainties in life, death and taxes” - can I suggest you learn to count to 3...

An unregulated Internet forum is an opportunity for any sad loser to unload. It is a shame, this was a good bulletin board as you said.

The whole market is risky, it is not just ITV. Look at what happened back in March - it was carnage. But every situation creates trading opportunities, and there are plenty of those out there.

You seem to think you are some sort of investment sage when palpibly you are not. You spout utter rubbish on here. Your attempts to advise people not to invest here when the share price was wobbling around 60p to 70p were clueless. It was a massive trading opportunity. Your announcement, back in November, that Astra Zeneca was about to surge when it was sitting at over £87 was equally so. What if some punter had picked up on that and followed your "advice"?

Data input clerk on a temporary contract is my call, and yes he might well be supplementing his minimum wage with a bit of paid deramping. Certainly knows nothing whatsoever about investing, and seems quite happy to document that lack of knowledge on here!!

"Sold at 82p to buy Rdsb at £9.40"

That is interesting - back in August you announced that you had sold ITV for 82p in May. Also in August you said you intended to make big money out of big oil and referenced your investment in Shell.

On what day were you able to buy Shell at £9.40?

Thanks Matml74 - that is very interesting.

Org30 - don’t worry, I won’t! I am not an avid BB reader so was not aware that it has been so widely discussed.

Large number of share purchases now showing. This seems to happen most days.

Any thoughts?

Tom, on 11th of November you announced on here that (and I quote) "Astra Zeneca are about to surge." At the time AZN share price was well over £87. The politest thing one could say is that your prediction has not aged well!

It is a relief to hear that your involvement with a major global bank is not in the area of trading....

Hope your covid symptoms remain at the mild end of the spectrum

Regardless of what does or does not happen with SNG his posts on BRH have been comedy gold.

The points made by some on here about the AA debt, financial position etc were apparent after the 2020 annual accounts were published months ago. Those same points were actually apparent way before that but let’s leave that aside.

It is obvious the money (market) has got bored with this or thinks a deal has gone. But if the business is a complete piece of no hope crap why has a PE player spent so much time looking into it? Genuine question. Genuine answer welcome.

Tom - presumably you hold Ben van Beurden (the Shell CEO) accountable for the decline in share price since he was announced/appointed. As a reminder, he has steered the share price from approx £22 down to currently less than £10, an utterly cretinous performance - by your own clueless criteria.

From the RNS:

“GEMA, Ofgem's governing body, may impose a financial penalty on any business found to have infringed the Chapter II CA98 and/or the Article 102 TFEU prohibition of up to 10% of its annual worldwide group turnover. In calculating financial penalties, GEMA takes into account a number of factors including seriousness of the infringement(s), turnover in the relevant market and any mitigating and/or aggravating factors.”

It does set a limit on the possible fine. But I am not sure whether that means 10% of annual worldwide turnover or 10% of worldwide turnover for the period of years in which the infringement took place?

Yes saw it - clearly a buy at circa 86p.

I had a look at the balance sheet as at 30th June 2020 and could not see where Bernstein get a figure of anything like $5.7 Billion being owed to suppliers.

It looks like a fabrication by a shorter!

Most recent mention of the dividend was back in May:

"The Board is aware of the importance of dividends to its shareholders and, after careful consideration of the factors impacting this decision, will provide a further update at the time of the preliminary announcement of results."

Preliminary announcement of results are scheduled for 16th September so expect some news then.

Well yes. Smith called it right when the share price was multiples of what it is now. At £13 odd a share it is a different proposition imho. And if it is as crap as you say then any share awards aren't worth too much in the grand scheme of things! It is a massively unpopular sector for obvious reasons but there is still a market (albeit reduced) as such. It is going to start tomorrow well south of £13 as it is going ex div. I think I will dip a toe in the water when I think the time is right. I will probably get it wrong as well! The div yield is currently spectacular - the last RNS referring to dividends was quite punchy even though the message at the time was that of a reduction. A "progressive" policy was proposed. It is an intriguing investment case for sure!

I am thinking that e is assuming that the Sky News headline of a few days ago is 100% accurate rather than just an approximate. The headline was:

"Apollo joins mission to secure £3bn takeover of debt-laden AA"

If they do offer £3 billion then the equity would be about 57p per share. Personally, I do not regard that headline as evidence that Apollo will offer 57p.

Any offer has to voted on by the shareholders - the Board of Directors might recommend acceptance but they cannot carry it without the shareholders backing. 18% is a good chunk and the potential owners would want AB onside. I am invested here (not massively) and, at present, am not certain exactly who the other major holders are. I will research it tomorrow! The support of anyone with a decent chunk is important to whoever wants to buy AA.

Half year results tomorrow - read whatever you like into the little spike today!