Share Name Share Symbol Market Type Share ISIN Share Description
Aa Plc LSE:AA. London Ordinary Share GB00BMSKPJ95 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 34.95 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
34.95 35.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 995.00 107.00 14.10 2.5 218
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 34.95 GBX

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Date Time Title Posts
29/4/202116:20*** AA ***15,248
26/8/202013:35AA PLC Full Year Results 03.04.19 Preview29

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Posted at 29/1/2023 08:20 by Aa Daily Update
Aa Plc is listed in the General Retailers sector of the London Stock Exchange with ticker AA.. The last closing price for Aa was 34.95p.
Aa Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 624,054,757 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Aa Plc is £218,107,137.57.
Posted at 04/2/2021 18:16 by kaos3
Their MO is to short weak, vulnerable companies by putting out negative reports that drive down their share price as much as possible. This ensures that the shorted company in question no longer has the ability to obtain financing, putting them at the mercy of the same funds that were just shorting them. After cratering the shorted company's share price, the funds then start offering these companies financing usually through convertibles with a warrant attachment as a hedge (or potential future cover) against their short; and the companies take the offers because they have no choice left. Rinse and Repeat.

In addition to the foregoing madness, brokers are often complicit in these sorts of crimes through their booking of client shares as “long” when they are in fact “short”. This is where the practice moves from a regulatory gray area to conduct worthy of prison time.

Posted at 15/1/2021 08:08 by mrnumpty
As someone who has invested in shares for the past 25 years , I very much understand the pain of shareholders in the AA . I had never until today looked at the AA share price , so I was surprised to see that such a household name is only worth about £ 220 million . I remember that the AA was a tip in Small Company Share Watch tipster magazine last autumn , and the share price has increased about 50% since then , so I hope that you have done well . Anyway , my gripe is from the perspective of someone who has been a “ member “ of the AA for about 25 years . I had to call them out yesterday for the first time in over ten years for a flat battery . The patrol arrived quite promptly ( 30 minutes ? ) and he got my vehicle running again in about ten minutes . He was also polite , but also cold . No doubt it was correct , under the present circumstances , that he insisted that I remain in the vehicle at all times whilst he had the bonnet up , but he was very , very insistent that I did not attempt to put a foot out of the open driver’s door , and it seemed excessive to the point of rudeness that , when he had finished and I wanted to ask a couple of questions , he stood four metres from me whilst also wearing his face mask : four metres whilst standing outdoors and wearing a face mask seems excessive to me . Obviously the patrols deal with many people a day but such behaviour verges on the downright rude . However , I realise that this is one relatively minor gripe and I feel that a more substantive issue is that he informed that , should my vehicle suffer the same fault within 28 days , the AA would not attend ( he referred to the conditions of the AA’s insurance , which is no doubt true but the terms seem to favour the AA - why can’t allowance be made for the fact that I hadn’t called them out for many , many years ? ) . So , whilst I realise that membership of the AA is analogous to insurance which balances the risks of requiring assistance against those members who never require it , and that I might need to call out the company again
in a month or two , I nonetheless feel that , having not called out the AA for about twelve years , I had probably paid well over £ 1000 for that call out , and the AA is one of those companies which offers no reduction for long-standing members . I believe that the AA has or had a significant shortfall in the funding of its pension scheme but , as someone whose pension consists of his own ability to make decent investment decisions , I’m not excessively keen to keep previous AA staff in comfort . On the other hand , I note that the RAC is offering a substantial discount to new members . My personal experience of the AA illustrates why I haven’t regarded them as worth investing in as a shareholder . However , there is no Schadenfreude in this text concerning shareholders’ pain : I distinctly recall how , a couple of years ago , I was literally sitting in my vehicle , waiting for an imminent dental appointment , and I saw that my shareholding in one of my companies had slumped without any warning by a very painful amount because the U.K. government had instead opted for the Chinese company Huawei to supply 5G infrastructure . Incidentally , the Small Company Share Watch monthly tipster magazine is generally very good and well worth the subscription . Better luck next time - all that we can do is to learn from our previous successes and failures .

Posted at 12/1/2021 15:56 by wskill
I am sure without this opportunistic bid the AA share price would be double the offer price and if institutions were approached they would consider a refinance and rights issue the investment climate is much improved to what it was.
Hopefully this will be the result of the vote in a few days we will see .

Posted at 07/1/2021 18:50 by paulo435
We’ve been there before with inflated optimism on this board, keep it real or it’s down the exact same road all over again before reality bites. The fact is that the vote is in a few days and the share price is more or less at the offer price, there’s nothing more to it in my eyes - that’s the market valuation of them right now and its for obvious reasons. I hope I’m wrong and something comes out by weekend but it’s extremely unlikely in my opinion. Dream on meantime and don’t get excited over nothing. Just saying, that’s my view based on the experiences we’ve had in here for the bulk of last year.
Posted at 06/1/2021 10:24 by paulo435
I hope I’m wrong but I just don’t see it. Vote is next week and it’s likely to go through. Therefore share price is sitting just below the offer price of 35p just like you would expect it to. Can’t see them suddenly increasing the offer price at the 11th hour after all comm’s paperwork have already been issued and are being or about to returned/processed. Why would we think this will change over next few days?
Posted at 17/12/2020 09:36 by pogue
I think they will. Its a few £s more for Bidco to make certain they get the deal through. If they lose the deal for a few £s after all this then it wont look good. However if no upgrade in the price comes then I expect ABC to take the offer at 35p simply because the share price will tank and they will have to wait a long while to get it back to this level with the added worry of a rights issue further diluting them. Long term AA maybe a good bet but long term we are all dead and ABC will want their cash sooner rather than later I suggest to invest elsewhere like everyone else with any sense with shares here.
So probably a few pence more on the share price to sweeten the deal and make ABC feel a bit better to ensure the deal happens is my feeling.

Posted at 01/12/2020 07:38 by trader2xg
Hi guys! Yeh it was jeffries who previously had AA. At 5p!!!
Unbelievable - watch the share price shoot up now!

Posted at 30/11/2020 12:35 by minerve 2
"Dropping for obvious reasons.. if the bid is rejected they are screwed."

Quit the scaremongering.

The deal is still likely to go through looking at how the share price is trading and the current position.

Even if the offer was rejected the BOD are hardly going to dive right into a massive rights issue with massive dilution if a 35p offer has just been rejected by shareholders.

The AA has always been a proposition post IPO that didn't offered meaningful top-line growth or earnings. Investing in AA has always been about slow debt pay off, dividend payments and a steady growth in equity value over a long period of time. Anyone who thinks otherwise is deluded.

I'm not convinced the bonds that need refinancing are as bigger issue as being made out. I think they will be more expensive but still affordable.

The issue here IMO is down to the BOD having skewed incentives with respect to the expectations of the long-term shareholders. If they are all incentivised by earnings growth it is very difficult to achieve meaningful earnings growth (to them) with significant interest payments vs cashflow within a WBS structured as such. I think the board have taken this on believing otherwise and have found out that they aren't going to be able to achieve their objectives as easy as they thought.

Originally there was great hope in digital transformation and changes in underwriting but it hasn't been enough. Frustration is probably running through the BOD because their execution choices are limited and their remuneration packages somewhat constrained because of this. Of course, under the circumstances an offer is attractive to them. Not necessarily attractive to long-term holders who are happy with the stable mediocrity - that is if you bought into the AA on the understandings which you should have had which is: slow debt pay off, dividend payments and a steady growth in equity value over a long period of time.

Edit: just think of the CEO, he was used to Expedia type growth and then turns-up at the AA. Probably the wrong man for the job when you are looking for someone with an appreciation of mature industry.

Posted at 29/11/2020 20:54 by thedarkprince
Realism - this company is not about to collapse. If it were about to then nobody would want to buy it for £3bn.

It is probably not even going into a restructuring (if it does it will happen in 2022 when its maturities are due).

There are thousands of businesses similar to AA which are somewhat overlevered, of which only some fraction will go bust. Many will do very well and delever of their own accord.

We are under no obligation to accept this offer and the company does have a good chance of success even without an equity raise (even if deleveraging would be helpful).

We can just say ‘no’. I will vote ‘no’ unless there is a serious offer. Undoubtedly there will be some share price turbulence but I doubt it will last for longer than a few months and the share price will again start to reflect fundamentals.

Posted at 29/11/2020 13:05 by thedarkprince
The fact that this is not a ‘best and final’ offer indicates that the consortium is not ruling out a price increase.

When Apollo tried to buy RPC they made a best and final offer in order to make clear that no price increases would be forthcoming and ended up losing the deal to Berry Plastics (an old portfolio company incidentally - must have been quite embarrassing). Similar situation - 4x extensions, rival bidder fell away and very underwhelming premium.

I think the consortium are aware that this is going to be a negotiation and will be willing to increase their offer price if necessary to get a deal. Given leverage - a moderate share price increase will not meaningfully change the purchase price. The question is - how far are the shareholders willing to go? How risk averse are the buying consortium? What is the realistic prospect of an interloper?

By publicly rejecting the offer, Albert Bridge are increasing the stakes as if they changed their mind without a price increase they would be losing credibility with their own investors to whom they have described this offer as derisory and inadequate.

There is always the risk that they are overreaching (like any act of brinkmanship) but my guess is that the chances of this deal falling through are quite low.

Company does need to probably delever and shareholders are unwilling to do a rights issue (hence a takeover deal makes sense to sellers) and the buyers are getting a company at a huge discount to fair value (hence getting a great entry price). The question is really around who captures what share of the deal value.

What’s on offer to shareholders is very low and even though their hand is not great, I think the threat to walk at 35p is credible.

Aa share price data is direct from the London Stock Exchange
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