ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC (AML)

ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC (AML)

Blog posts

Do Spivvy PE Funds IPO Their Investments at Inflated Prices? – and HM Treasury Consultation UK Listings Review

The AA 86% share price decline, coming on top of the Saga and Aston Martin makes me wonder if PE firms and others are exploiting those retail investors willing to buy into a fashionable story. I have to admit to losing money on Saga, whose share price is down 90% from its 2016 high. My mother-in-law was a huge fan of Saga and she gave me a present of Saga membership when I was 50, so when they were floated, I and ...

IPOs, Platforms, Growth Stocks and Shareholder Rights

I agreed with FT writer Neil Collins in a previous article when discussing the prospective IPO of Aston Martin (AML) – “never buy a share in an initial public offering” he suggested because those who are selling know more about the stock than you do. We were certainly right about that company because the share price is now 24% below the IPO price. Smithson Investment Trust (SSON) did rather better on its first day of trading on Friday, moving to a 2% premium. ...

The Market, Dunedin and Standard Life Smaller Companies Merger, and Aston Martin IPO

Is it not depressing when you go away for a week’s holiday and your portfolio falls every day in that time? I do monitor any exceptional movements while on vacation but try to avoid trading. It just seemed to be a general downward trend and reviewing the movement over that week my portfolio is down 1.73% while the FTSE All-Share is down 1.72%. So that is what I had already surmised. Those stocks that seemed to have become overblown did fall and ...

Amlin and Glencore – Market surprises, but not at Berkeley

This morning a takeover bid for insurer Amlin was announced by Mitsui Sumitomo Insurance. A cash offer of 670p which represents a premium of 34.5% to last nights closing price. With Amlin having been warning for some time about increased competition in the catastrophe insurance sector, this is surely a done deal assuming they can get over any regulatory hurdles. I was going to write that unlike many mega deals the news seemed not to have leaked out in advance, but it's ...

AGM Reports

Amlin (AML) AGM Report 2013

This was the second year running I had attended the AGM of insurance company Amlin, held in their offices in the City of London. You can read last year’s report here and it was headed “Surviving Catastrophes” with good reason because the 2011 year’s results were fairly dire due to too many earthquakes, floods, cyclones, tornados, etc. Yes Amlin is heavily exposed to catastrophe insurance and hence their financial results are somewhat unpredictable. But last year the world was quieter, and ...

Amlin (AML) AGM Report 2012 – surviving catastrophes

Yesterday I attended the Annual General Meeting of Amlin Plc at their offices in the City of London. Amlin is a general insurer and reinsurer. With significant exposure to catastrophe events, last year was not uneventful – Japanese tsunami, major earthquakes in New Zealand, US tornados, to name just a few events which resulted in very large claims. The result was a “combined ratio” of 108% and an overall loss for the year. There were about 100 shareholders present. The meeting was ...

Media Mentions

Daily Mail, 2 August 2019, Aston Martin advisers pocket fees as individual investors lose 75% of their IPO investment

Aston Martin and its financial advisors have come under fire over the disastrous performance of its shares since its £4.3billion float. Sharesoc, the retail investors' champion, accused them of over-pricing the car maker's shares in its stock market debut – and said this was partly to blame for a 74 per cent fall since then... See https://www.thisismoney.co.uk/money/markets/article-7311843/Advisers-fire-Aston-Martin-disaster-accused-pricing-shares.html