Aa Share Discussion Threads

[trader2xg] 11/1/2021 07:50

Morning all - well Bibco certainly want to steal the AA which looks good to me and Weiss added another 100k long - it's going to the wire and we will get 40p :-) imho
Hope my apple 🍎 rocket higher with the car 🚗 announcement

[heatseek77] 11/1/2021 07:08

Well Univ of Texas folded so bidco have 30%

[wskill] 10/1/2021 21:59

Not so sure the institutional investors will allow the hedge funds and management steal the company in this way if they did where would it end and what sort of message will it send to many more quoted companies with say management teams who may want to get rich quick .

[wiseman1967] 10/1/2021 21:12

NRL - I also agree it is likely to go through at 35p. However, if the bigger shareholders hold out I still think Bidco could sweeten the deal at the last minute to get sufficient votes to get it across the line.

[nrl2901] 10/1/2021 15:58

All - I do not think it will do anything but I emailed FCA legal about my concerns about the voting process, the misleading RNS of mid December previously discussed here and possibility of spoiled votes as the hard copy forms refer to voting ID and Task ID I do not have. [e-mail] in case others want to follow it up. Cannot see it doing anything but makes me feel a little better.

Wiseman - I think it was you who said they would not discount a revised offer being made on the day of the general meeting to try to get the larger shareholders to vote yes. Is that still the case? Pessimist in me thinks this will go through at 35p but voted no and hoping for a revised offer.

[jaspoland] 10/1/2021 09:04

Yep our CEO's appear to be a lazy bunch. No dealmakers amongst them. Happy to take their 2-4million a year packages.Maybe they see it as too much work, who knows.

But you are right Kelso so much integration could be performed with the AA that it would make it even more profitable.
You are also forgetting about the amount of money already in the business so they aren't paying much for it at all.
A rights issue could take care of the debt if they didn't fancy a refinance.

They will not have this opportunity again

[kelso29] 10/1/2021 08:45

I know others have said the same, but what gets me is that it looks like no one else is interested at the ridiculous low (IMO) price of 35p. AA Ireland was sold for 240m euro a few months ago, so those buyers must be thinking for the same money we can buy AA plc, or someone like Aviva or Lloyd's for a 220m investment they can integrate/bolt on to their existing businesses and drive them forward with all the cross selling/synergies.

[heatseek77] 09/1/2021 21:57

Thanks Kelso and Wise let's see how pans out

[wiseman1967] 08/1/2021 17:03

Heatseek - if the deal goes through I will roll a portion and sell some. The difficult thing is trying to work out how much to roll given the follow on investment needed and uncertainty over who else will roll. If it is just DK rolling (out of the big shareholders) they you should get 80% of your stake but if Klesch and the former ABC shareholders also roll it could fall to c30%. If DK end up with 10% they get observer rights if the are below they won't - like the rest of us.

[kaos3] 08/1/2021 16:15

heatseek - yes - of course - I love AA. business they are in. almost perfect in my book

[wiseman1967] 08/1/2021 16:06

Heatseek - I suspect they are buying for another reason. They want to roll as much as possible into the deal, but there is only 16% available...if Gary Klesch, UTIMCO and Boeing also roll then people will only get their pro rata share - about a third of their current holding. That's why I think they are buying.

[heatseek77] 08/1/2021 15:43

Kelso the 2.4m was DK then still haven't broken the 20% may today? but if willing to pay 34.65 plus stamp must be desperado for stock, anything upto the 35p to try and increase their voting %

[cryptotrade] 08/1/2021 15:13

Hi all. I've been out of it for a few weeks. Not been well. Just checking current state of affairs if anyone could help please. What's happening with the bid?Has there been any more vote acceptance than 20%. Has ABC sold their stock ? I see it's zero. ?Anything else.

[wskill] 08/1/2021 14:53

Kaos the hedge funds use many types of trickery it changes rapidly that is what they have their highly paid employees working on Southern Cross is another great hedge fund success unfortunately investors lost everything but I suppose that was the game plan envisaged when the company was floated by the hedgies there are other examples which are worth reading up on best of luck keep posting I do enjoy your take on proceedings.

[heatseek77] 08/1/2021 09:51

Fair enough cheers - but I'm guessing if bid rejected you would be back in?

[kaos3] 08/1/2021 09:22

my point - stop loosing your energy on the fight one can not win any more while there are better places&fights, recognize the behavioural pattern of the process which I did outline for further use

I am out of AA. stock but not out of AA. bid process. different animals

I am putting together a list of red flags (tricks) along the way for further use. and that could be amended by the others to be used in the future elsewhere

that is the point - to make a list of "how to recognize the pattern of modus operandi"

[wskill] 08/1/2021 09:11

Kaos I do like your musings but we all know our BOD will never entertain the list of possibilities you posted they already have taken 4 months to negotiate an excellent deal.
Unfortunately the deal was centred around themselves only,so now they have what they have been working towards the last few years.
Pity we will never be privy to their deal it would be wonderful if what they have as a package would be released to all but that would defeat the object .
And if this was the case the PE and Hedge funds would go out of business.

[heatseek77] 08/1/2021 08:47

Kaos our 'gardener' - not
As you've sold what's your point move on all of what you've written is know ... filtered

[kaos3] 08/1/2021 08:30

AA not able to refinance
AA not being interesting at these prices to another suitor
4 bid prolongations
media silence
regulator (insurance) meddling just before the bid
BOD agreeing to the 35 bid
no assets sell off to reduce the debt
no try "sell" the company eg road shows etc
not making the voting easy approachable
and the list goes on

[kaos3] 08/1/2021 07:11

me coming from a small balkan country have different perspective - if one lives in the same place and 3 states happen to him, 1 war, 3 inflations etc having different perspective is not strange. one more observation - small country of 2 mil forces one to learn several languages in order to communicate and trade (multi lingual - Dutch, Swiss, Slovene small nations). so much more culture and different knowledge. also being in small country one "disturbs" the top quite soon and gets to know mechanisms (stick of all kinds) that in a "normal" state one gets to know when owning billions.

saying - my view is based on different experience and under imho high quality "suffering experiences" under the rule of human law (ever changing to the needs of the rulers)

imho AA current saga was planned 3 years ago when the big shot US connected leaders were installed. they cleaned up the business at the costs but showed no interest in capital restructuring - till it was run into the ground by the debt. all knew it and left it alone - because they like themselfs. big and brutal force is observed.

no one dares to move - not regulator (AA being UK systemic safety net), media, PE competitors, large shareholders. they know the secret big guys game and "punishments"

even if the president of the US lol

remember "phone calls are made" I was telling all the time

[kelso29] 08/1/2021 07:09

Yesterday
The 2022 bond increased by 0.33% to close at 97.59%.
Disclosures regarding Wednesday
Millennium increased their Equity SWAP by 21k to close at 1.26%
Weiss purchased 116k to close at 1.73% shares.
The DarK side purchased 1.577m to close at 19.44% shares. Their last purchase was at 34.67p

There was a late buy of 2.443m at 34.65p, find out later who it was.
The closing sp/UT was at 34.80p, together with stamp duty this is basically 35p. So IMO share price can't go any higher if you want 35p in a few weeks time

[jaspoland] 08/1/2021 05:55

Mickmod, if they increase the offer it will be for everyone.

[paulo435] 07/1/2021 23:45

Anyone else wondering if recent purchases are those closing short positions and that’s all they are?