Aston Martin Lagonda Glo... Share Discussion Threads

[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..

[dancing piranha] 01/5/2024 09:23

Well called Tony, hope people listened to you and not others!

[dealy] 01/5/2024 08:25

Your summary and conclusion make sense, but the company seems to be spinning this as "in line".

[swiss tony] 01/5/2024 07:33

Cash balance £229m, thats a LOT of cash burned though in Q1, even worse than I thought. Down from £392.4m 3 months ago = £163m BURNED in 3 MONTHS!!!!!

Cash raise imminent.

26% decline in sales

10% decline in revenue

NET DEBT UP 20% from 868m to 1044m!!!!!!

UK sales down 30%

US sales down 35%

SUV SALES DOWN 63%.

Loss after tax DOUBLES from Q1 last year (2023)

FCF OUTFLOW DOUBLES from Q1 last year from 118 to 190m.

one hundred and nighty million burned through in 3 months!!!!!

£229 cash left, you know why they had to extended the revolving credit facility (more debt) by £100m, because they are going to need every penny of it.

[fundamentals23] 01/5/2024 07:14

https://www.londonstockexchange.com/news-article/AML/q1-results-for-three-months-ended-31-march-2024/16448827Q1 Results

[fundamentals23] 01/5/2024 06:40

What time are they out?

[chesil356] 30/4/2024 21:27

This is the registration link for the results webinar if anybody is interested. https://app.webinar.net/9LzoY2dm2NG

[timc2645sg] 30/4/2024 14:40

Ignore Tim, he is a bellend.

[bobaxe1] 30/4/2024 14:32

Hope they pay well

[swiss tony] 30/4/2024 13:56

Good to know you have patience, you'll need it.
Cash levels must be close to the minimum required to keep this baby afloat.

[bobaxe1] 30/4/2024 13:17

Simply oversold next move is up!// keep trolling I can wait

[swiss tony] 25/4/2024 19:57

ssoreport.com/aml-nuggets