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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  AA    AA.   GB00BMSKPJ95

AA

(AA.)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 09/22 08:00:33 am
33.95 GBX   -0.29%
04:39aNORGES BANK : - Form 8.3 - AA PLC
PR
09/08DIMENSIONAL FUND ADVISORS LTD. : Form 8.3 - AA PLC - Ordinary Shares
AQ
09/01AA : Bidders for UK's AA granted extension to offer deadline
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector news

Three private equity groups eye AA takeover, company considers share issue

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08/04/2020 | 01:28am EDT

British roadside recovery group AA has received three cash takeover offers from private equity groups, it said on Tuesday, but is also considering selling fresh equity as it tries to slash its debt pile.

The three bidders are Centerbridge Partners Europe and Towerbrook Capital Partners acting together, Platinum Equity Advisors and Warburg Pincus, AA said in a statement.

News of the offers sent small-cap AA's shares up as much as 23% at the market open before trading 11.4% higher at 28.8 pence at 0720 GMT.

Each of the bidders said they would inject a "significant amount" of new equity capital into the group, the AA said.

But the AA, which was started by motoring enthusiasts in 1905 and is known for its distinctive yellow vehicles, said it was also weighing other options including a share issue.

The firm has 2.65 billion pounds of total net debt, of which 913 million pounds is scheduled for repayment in the next two years.

"Debt reduction is therefore a key priority and the Group continues to...seek to reduce its indebtedness well ahead of the upcoming maturity dates," it said.

The AA's previous private equity owners brought it to the stock market in 2014 but the shares have performed poorly, hitting record lows of 15 pence in April.

AA offers insurance as well as roadside assistance.

Motor insurers have done comparatively well during the coronavirus pandemic as government lockdowns have led to reduced claims.

Finnish insurer Sampo and South Africa's Rand Merchant Investment are in talks to buy British motor insurer Hastings, the two insurers said last week.

(Reporting by Carolyn Cohn, editing by Sinead Cruise)

Stocks mentioned in the article
ChangeLast1st jan.
AA 0.29% 34.2 Delayed Quote.-41.44%
HASTINGS GROUP HOLDINGS PLC -0.08% 252.4 Delayed Quote.40.96%
RAND MERCHANT INVESTMENT HOLDINGS LIMITED -4.28% 29.32 End-of-day quote.-4.93%
SAMPO CORPORATION 0.22% 23.15 End-of-day quote.14.89%
SAMPO OYJ -0.24% 33.8 Delayed Quote.-12.88%
THE PLATINUM GROUP PUBLIC COMPANY LIMITED -0.83% 2.38 End-of-day quote.-41.67%
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All news about AA
04:39aNORGES BANK : - Form 8.3 - AA PLC
PR
09/08DIMENSIONAL FUND ADVISORS LTD. : Form 8.3 - AA PLC - Ordinary Shares
AQ
09/01AA : Bidders for UK's AA granted extension to offer deadline
RE
08/18DIMENSIONAL FUND ADVISORS LTD. : Form 8.3 - AA PLC - Ordinary Shares
AQ
08/14DAVIDSON KEMPNER CAPITAL MANAGEMENT : Form 8.3 - AA PLC
AQ
08/10Improving China data spurs mild gains in Europe as trade nerves persist
RE
08/10Improving China data spurs mild gains in Europe as trade nerves persist
RE
08/10LANDESBANK BADEN-WÜRTTEMBERG : - Disregard - Form 8.3 - AA Plc
PR
08/10LLB FUND SERVICES AG : - Form 8.3 - AA Plc
PR
08/10LANDESBANK BADEN-WÜRTTEMBERG : - Form 8.3 - AA Plc
PR
More news
Financials
Sales 2021 929 M 1 191 M 1 191 M
Net income 2021 - - -
Net Debt 2021 2 588 M 3 317 M 3 317 M
P/E ratio 2021 5,82x
Yield 2021 2,94%
Capitalization 204 M 260 M 261 M
EV / Sales 2021 3,00x
EV / Sales 2022 2,64x
Nbr of Employees 7 121
Free-Float 95,6%
Chart AA
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Technical analysis trends AA
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
 
Mean consensus SELL
Number of Analysts 2
Average target price 12,50 GBX
Last Close Price 34,05 GBX
Spread / Highest target -41,3%
Spread / Average Target -63,3%
Spread / Lowest Target -85,3%
EPS Revisions
Managers
NameTitle
Simon John Breakwell Chief Executive Officer & Director
Edmund King President
John Leslie Leach Chairman
Kevin Jeremy Dangerfield Chief Financial Officer & Director
Ollie Holden Chief information Officer
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