Aston Martin Lagonda Glo... Share Discussion Threads

[chesil356] 14/5/2024 12:51

170 million of revolving credit also available, don't forget that, so they can cover all liabilities, have a read of the Q1 report and maybe listen to the report webinar it will help you get up to speed?

[swiss tony] 14/5/2024 07:52

229.6 million cash left at end of Q1.

Q1 cash burn was £192.4.m

Q2 cash burn due to be £150m

Therefore £79m left in 6 weeks, not enough to cover all liabilities

[swiss tony] 09/5/2024 07:48

ssoreport.com/aml-q1-2024-result

[bobaxe1] 08/5/2024 16:42

A buyer ummm https://www.ii.co.uk/analysis-commentary/insider-buyer-aston-martin-plus-share-going-cheap-ii531614 Insider: a buyer at Aston Martin plus a share going cheap

[timc2645sg] 03/5/2024 15:03

All characters linked to our good friend Swiss Tony, aka C2468sg, aka Tim, aka the answer is no, aka the lse gimp.

[timc2645sg] 03/5/2024 15:02

Tim’s boss, Tim and The Answer is no, yesterday in deepest darkest Africa….

hxxps://youtu.be/S8kPqAV_74M?si=c-SG_kCT0VdytBM4

[timc2645sg] 03/5/2024 09:15

Stroll will not be able to take AML private. PIF, Geeley in the way of that.

[timc2645sg] 03/5/2024 09:14

I am genuinely try to help people? Excellent use of the English language Timothy. Try harder, you really need to.

[fundamentals23] 03/5/2024 08:42

I see Nigel bought £50k worth at £1.36 - can see why given the good news is all second half of year with wholesale, and FCF improvements driven by that activity later this year.

[ny boy] 02/5/2024 13:51

A classic long term disaster, still a few reckless gamblers & spivs buying, this time next year we’ll me millionaires rodders 🤡🤣🤦🏻R05;♀️

[swiss tony] 01/5/2024 16:08

Yes Chesil, let AML get MORE in debt by using that facility.
That's NOT cash, it's borrowing/debt.
Pragmatic init, put AML MORE in debt than they are, because they know cash raise will be truly painful for everyone concerned.
Even at 400m, they will burn through that in 5 months.

Like I keep on repeating ad nauseum, AML NEED TO COVER ALL LIABILITIES AS A GOING CONCERN.
£200m doesn't cover them, so they have to raise cash in next 2/3 months.

[dplewis1] 01/5/2024 15:38

Aston Martin Lagonda Global Holdings reported another large cash outflow for the first quarter and investors will likely remain on the sidelines as long as its cash flows stay in the red, Citi analysts say in a research note. The British luxury-car maker reported first-quarter results that missed expectations at both the top and bottom lines as it continues to prepare for new model launches this year, Citi says. A swing to a positive free cash flow on the back of a more solid and sustained cycle of new products remains the key indicator to look out for, and reaching this milestone could attract new investors to Aston Martin's recovery story, Citi says

[dplewis1] 01/5/2024 15:37

JPM cuts target price to 225p from 260p

[chesil356] 01/5/2024 15:36

Small point but they have an 170 million loan facility, so they actually have 395 million available.

[bobaxe1] 01/5/2024 13:54

https://www.thetimes.co.uk/article/aston-martin-insists-new-models-will-drive-profits-after-sales-slump-bf9cn8380 Aston Martin insists new models will drive profits after sales fall

[zangdook] 01/5/2024 13:42

The last public raise was at £3.70.

[swiss tony] 01/5/2024 13:23

They only have £229m cash left, that's below the levels they raised at last time.
AML burned through £190m in Q1, so with more new models coming, they will burn through similar rates of cash in Q2.
So they are out of cash in 3 months, will need to raise before that to cover all liabilities.

Last public raise was £650m announced at £4.40 and new shares were 4-1 at £1.03.
So by today's price of £1.40 they would be raising at 35p for similar amounts.
I don't think they need 650m this time, but they have no option but to raise at least £220m, so around a third of the last raise.

I'd say you're looking at under a pound.

[my retirement fund] 01/5/2024 12:14

When's the next cash raise due and wonder where it will come from?

[emeraldzebra] 01/5/2024 11:15

It looks and feels awful.
Sell. And buy Ferrari.

[fundamentals23] 01/5/2024 10:08

I think there was an overreaction this morning and you've seen that with the market finding its way back to £1.40 very quickly from the £1.26 panic sell off.AML have been clear for some time now that H2 this year is where things are heavily loaded and so those who have followed knew todays results would look like this. In isolation and on paper it looks poor but there are much more favourable results coming for Q3 and Q4, and of course the addition of the guy who led Bentley to a strong turnaround.

[dealy] 01/5/2024 09:28

To think that Geeley paid 375p for shares just 8 months ago..