ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

AML Aston Martin Lagonda Global Holdings Plc

151.90
0.90 (0.60%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aston Martin Lagonda Global Holdings Plc LSE:AML London Ordinary Share GB00BN7CG237 ORD GBP0.10
  Price Change % Change Share Price Shares Traded Last Trade
  0.90 0.60% 151.90 768,894 16:35:07
Bid Price Offer Price High Price Low Price Open Price
151.50 152.00 152.40 147.60 148.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicles & Car Bodies 1.63B -228.1M -0.2769 -5.47 1.25B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:12:27 O 2,000 150.40 GBX

Aston Martin Lagonda Glo... (AML) Latest News

Aston Martin Lagonda Glo... (AML) Discussions and Chat

Aston Martin Lagonda Glo... Forums and Chat

Date Time Title Posts
16/4/202422:17Aston Martin11,886
16/6/202218:37WHITEGHOST53
20/10/202118:53Anyone else got Aston Martin bonds on PrimaryBid?1
07/10/202117:33AML: Stock Control Panel2
16/9/202019:16WHITEGHOST15

Add a New Thread

Aston Martin Lagonda Glo... (AML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 17:13:04150.402,0003,008.00O
2024-04-19 17:11:20148.20276409.03O
2024-04-19 17:02:55151.9046.08O
2024-04-19 17:02:55151.3433,66350,946.93O
2024-04-19 16:54:38151.2534.54O

Aston Martin Lagonda Glo... (AML) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Aston Martin Lagonda Glo... Daily Update
Aston Martin Lagonda Global Holdings Plc is listed in the Motor Vehicles & Car Bodies sector of the London Stock Exchange with ticker AML. The last closing price for Aston Martin Lagonda Glo... was 151p.
Aston Martin Lagonda Glo... currently has 823,663,785 shares in issue. The market capitalisation of Aston Martin Lagonda Glo... is £1,248,674,298.
Aston Martin Lagonda Glo... has a price to earnings ratio (PE ratio) of -5.47.
This morning AML shares opened at 148.80p
Posted at 16/4/2024 15:08 by arja
are these analysts for real ? One cuts target price to 265 and share price now much lower :) . Do the opposite ofwhatg an analyst recommends and you will probably make heaps . Awful looking downtrending chart and might well get back to the 100 or so support level in due course unless a good news announcementy emerges !
Posted at 18/3/2024 12:42 by kpe
Well done, very pleased for you. Unfortunately you seem to be the only one judging by the share price
Posted at 14/3/2024 08:12 by swiss tony
New bonds:

$137m per annum in interest

old bonds:

1.184 billion at 10.5% = $124.32 million $

121,660,456 at 15.0% = $18.249 million

Total $142.569m per annum

Saving $5.5 million per year. The old bond term was Nov 2025 and the new March 2029, i.e. 3 years and 5 months. Saving $19 million in interest, but how much will it cost?

AML have extended revolving credit from £70m to £170m, so £100m EXTRA in debt.

AML have also said cash will be used to fund this bond refinancing, how much?

When cash levels sink, when is the next CASH RAISE? AML are losing c.250m per year.

So OVERALL, AML are in a worse position with debt than they were.
Posted at 06/3/2024 08:56 by timc2645sg
Brother, I get it, sorry if curt, lots of nutters on here so being careful with who I actually converse with.

There are lots of them and they are not giving reasonable analysis. They have an agenda and completely disappear when the trade is moving positively.

I am part of a group that actually discusses this share price in a reasoned fashion. The old saying that if you are not prepared to at some stage be 50% down you are not fit to hold a share is a true one.

You can day trade and short and make money but for most people, simply buying up a business you feel will be good is the right thing to do.

Long term the bumps get smoothed out. Personally I have followed the big money in here and will continue to do so.

Even if they did a cash raise I'll just buy more like the last ones.

Only lesson is that I'll wait till after the dust settles as, on each occasion it has dropped below the offer price.
Posted at 20/1/2024 07:05 by swiss tony
Share prices don't rise when you meet already reduced sales targets Chesil.

All these new cars cost money, can't wait to see their cash balance at next results, not long to go now.
Low cash means another meaningful raise like last year is required. That was a 4-1 placing with near 70% dilution.
Share price sunk from £4.20 to 89p.
At the current share price of £1.90, the equivalent raise would see us under 50p.
Posted at 15/1/2024 11:30 by swiss tony
That 200m is gone Dealy, fulsome 'capital' raise coming soon.
Current share price of £2 would mean a huge dilution northwards of 60% and a share price of around a quid, possible below.
No point buying now, wait for fundraise and get some then.
Posted at 20/10/2023 09:41 by time for common sense
Why We're Not Concerned Yet About Aston Martin Lagonda Global Holdings plc's (LON:AML) 27% Share Price PlungeThe Aston Martin Lagonda Global Holdings plc (LON:AML) share price has fared very poorly over the last month, falling by a substantial 27%. The good news is that in the last year, the stock has shone bright like a diamond, gaining 169%. Even after such a large drop in price, you could still be forgiven for thinking Aston Martin Lagonda Global Holdings is a stock not worth researching with a price-to-sales ratios (or "P/S") of 1.3x, considering almost half the companies in the United Kingdom's Auto industry have P/S ratios below 0.4x. However, the P/S might be high for a reason and it requires further investigation to determine if it's justified. Aston Martin Lagonda Global Holdings Has Been PerformingAston Martin Lagonda Global Holdings certainly has been doing a good job lately as it's been growing revenue more than most other companies. It seems the market expects this form will continue into the future, hence the elevated P/S ratio. If not, then existing shareholders might be a little nervous about the viability of the share price. Do Revenue Forecasts Match The High P/S Ratio?Aston Martin Lagonda Global Holdings' P/S ratio would be typical for a company that's expected to deliver solid growth, and importantly, perform better than the industry. Taking a look back first, we see that the company grew revenue by an impressive 33% last year. Pleasingly, revenue has also lifted 111% in aggregate from three years ago, thanks to the last 12 months of growth. Accordingly, shareholders would have definitely welcomed those medium-term rates of revenue growth. Looking ahead now, revenue is anticipated to climb by 11% per annum during the coming three years according to the nine analysts following the company. With the industry only predicted to deliver 3.8% per year, the company is positioned for a stronger revenue result. In light of this, it's understandable that Aston Martin Lagonda Global Holdings' P/S sits above the majority of other companies. It seems most investors are expecting this strong future growth and are willing to pay more for the stock. What Does Aston Martin Lagonda Global Holdings' P/S Mean For Investors?Despite the recent share price weakness, Aston Martin Lagonda Global Holdings' P/S remains higher than most other companies in the industry. While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations. Our look into Aston Martin Lagonda Global Holdings shows that its P/S ratio remains high on the merit of its strong future revenues. Right now shareholders are comfortable with the P/S as they are quite confident future revenues aren't under threat. Unless these conditions change, they will continue to provide strong support to the share price.
Posted at 07/8/2023 17:09 by chesil356
Moody's changes Aston Martin's outlook to positive from stable; Caa1 ratings affirmed
Rating Action
|
8 min read
07 Aug 2023
Moody's Investors Service
London, August 07, 2023 -- Moody's Investors Service (Moody's) has today changed Aston Martin Lagonda Global Holdings plc's (AML, Aston Martin or the company) outlook to positive from stable. Concurrently, Moody's has affirmed AML's Caa1 corporate family rating (CFR) and Caa1-PD probability of default rating (PDR), and the Caa1 instrument rating of the backed senior secured first-lien notes due November 2025 issued by Aston Martin Capital Holdings Limited.

A full list of affected ratings can be found towards the end of this press release.

RATINGS RATIONALE

The affirmation of AML's ratings and the outlook change to positive from stable reflects the company's improving operating performance in the first half of 2023, which Moody's expects to be sustained over the next 18 months on the back of the company's ongoing launch of the next generation sports cars. The rating action further reflects AML's recently completed placing of £210 million of new shares and its plan to use the proceeds mostly for the early redemption of its second-lien notes with a face value of around £186 million. The planned repayment of the second-lien notes is evidence of a more balanced financial policy which includes the accelerated target to achieve a company-adjusted net leverage of around 1.0x by 2024-25.

Moody's forecasts AML to achieve strong revenue growth of about 15% to £1.6 billion revenue in 2023, and a further 25% increase in 2024 to reach close to its £2 billion revenue ambition. The recently launched and well-received DB12, the additional new model launches planned for the next 12 months, as well as the continued success of its DBX should support strong volume growth over the next 18 months, and Moody's forecasts wholesales to exceed 8,000 units by the end of 2024. While volume growth is considered a key driver to achieve its revenue and EBITDA targets, Moody's understands that AML no longer has specific volume targets. Instead the company focuses on increasing its average selling price (ASP) and achieving a gross margin of above 40% for new models launched to drive its revenue and EBITDA growth.

Based on the assumptions of higher volumes and an ASP exceeding £220k in 2023 and trend towards £230k in 2024, Moody's forecasts AML's Moody's-adjusted EBITDA (adjusted for capitalised development cost) to turn positive and reach just over £100 million in 2024. In combination with the redemption of the second-lien notes, which will reduce the company's Moody's-adjusted debt by around 13% to £1.1 billion, Moody's expects AML's adjusted leverage to decrease towards 10x by year-end 31 December 2024.

Furthermore, Moody's forecasts AML's adjusted free cash flow to improve to around break-even in 2024, after remaining substantially negative by about £200 million in 2023. This improvement is supported by a significantly higher EBITDA and an estimated £12 million decrease in interest expenses following the planned debt repayment.

Considering the anticipated improvements in the company's cash generation from 2024 onwards, and its £400 million cash position at the end of June 2023, Moody's does not expect AML to require additional debt or equity funding over the next two years. If AML is able to also refinance the $1.155 billion of backed senior secured first-lien notes well ahead of their maturity in November 2025, and simultaneously extend its revolving credit facility (RCF) due August 2025, Moody's would view the company's capital structure as sustainable which could support a rating improvement.

ESG CONSIDERATIONS

AML's ratings also reflect a number of environmental, social and governance (ESG) considerations that are inherent to the automotive industry. This includes higher environmental standards, stricter emission regulations and electrification; autonomous driving and connectivity; increasing vehicle safety regulations; and the entry of new market participants. In line with the company's guidance to invest £2 billion over five years, including technology access fees, Moody's expects AML as well as its peers to continue to require sizeable investments to cope with these challenges, which will continue to constrain free cash flows in the coming years.

RATING OUTLOOK

The positive outlook reflects Moody's expectation that AML's credit metrics will notably improve over the next 12-18 months, supported by strong revenue and EBITDA growth, fuelled by multiple new model launches and a substantial order book. The outlook further assumes that AML will follow a more balanced financial policy with a clear focus on deleveraging whilst maintaining an adequate liquidity.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Upward pressure on the rating could materialise if AML 's successfully completes the launch and commences deliveries of its next generation sports cars, and as such continues to improve its average wholesale price and grow its revenue. It would also require Moody's-adjusted free cash flow to sustainably improve to around break-even, liquidity to remain at least adequate, Moody's-adjusted Debt/EBITDA to improve towards 7.0x on a sustained basis, and the Moody's-adjusted EBITA margin to turn sustainably positive.

The rating is currently strongly positioned, as expressed by the positive outlook, as a result of which limited negative rating pressure is expected. However, downward pressure on the rating could develop if AML fails to further improve its profitability, leverage remains very high or free cash flow continues to be substantially negative. A weakening in AML's liquidity profile or an increase in debt would also put pressure on the rating.

LIQUIDITY ANALYSIS

Moody's considers AML's liquidity to be adequate. As of 30 June 2023, the company had £400 million of cash on the balance sheet and access to its £90.6 million RCF due in August 2025, which was drawn down by £29 million. In addition, the company has an inventory repurchase programme in place. AML's RCF is subject to a springing net leverage covenant which is tested when the facility is drawn by more than 40% and Moody's expects the company to maintain sufficient headroom going forward as it continues to reduce its leverage as defined by the covenant.

Moody's forecasts AML's free cash flow (Moody's-adjusted) to be marginally positive in the second half of 2023, following an outflow of around £230 million in the first half of the year, and to be close to break-even in financial year 2024. As such Moody's expects AML's liquidity to remain adequate over the next 12-18 months, and to improve further through free cash flow generation beyond 2024.

STRUCTURAL CONSIDERATIONS

The Caa1 rating of the backed senior secured first-lien notes due in November 2025 ranks in line with the Caa1 CFR, despite the priority position of the £90.6 million super senior RCF and because of its relatively small size compared to the $1.155 billion of backed senior secured first-lien notes. Both the first- and second-lien notes, the latter expected to be repaid, have been issued by Aston Martin Capital Holdings Limited, while the RCF was issued by Aston Martin Lagonda Limited.

The shared security and guarantee package for the notes and RCF cover 79% of AML's revenue and 113% of AML's assets, and includes the main factory in Gaydon and significant intellectual property. Other debt includes various working capital financing arrangements and some smaller debt facilities
Posted at 23/4/2023 13:22 by crank001
Aston Martin's Share Price: A Bright Future Ahead 🚀

Hey fellow ADVFN forum members,

I am excited to share my thoughts on the future of Aston Martin's share price. As we all know, the iconic British luxury sports car manufacturer has been through some tough times in recent years, but I am confident that better days lie ahead for the company and its investors.

Aston Martin's recent strategic moves and partnerships show that it is ready to seize new opportunities and adapt to the rapidly changing automotive landscape. Here are a few reasons why I believe Aston Martin's share price is poised for growth in the coming months and years:

Financial turnaround: Following a period of financial struggles, Aston Martin has made significant progress in stabilizing its finances. The company has cut costs, streamlined operations, and strengthened its balance sheet, giving it the resources it needs to invest in growth and innovation.

Electric vehicle strategy: Aston Martin is embracing the electric revolution with its ambitious plans to launch its first all-electric vehicle by 2025. The company's partnership with Mercedes-Benz gives it access to cutting-edge electric vehicle technology, positioning it to succeed in the rapidly growing EV market.

Expanding product portfolio: Aston Martin is broadening its appeal by expanding its product lineup. The introduction of the DBX, its first-ever SUV, has proven successful, with strong demand and positive reviews. Additionally, the upcoming Valhalla and Vanquish models will further strengthen the company's product offerings.

Brand strength: Aston Martin's brand remains synonymous with luxury, performance, and elegance. The company's ongoing collaboration with the James Bond franchise and its involvement in Formula 1 further enhance its image and global reach.

In conclusion, Aston Martin's financial turnaround, strong leadership, electric vehicle strategy, expanding product portfolio, and brand strength put it in a prime position to benefit from the growing demand for luxury sports cars and electric vehicles. I believe the company's share price will reflect this growth and deliver substantial returns to investors in the near future.

As always, please remember that these are my personal opinions and not financial advice. Make sure to do your own research and consult a financial advisor before making any investment decisions.

Happy investing! 🚀📈
Posted at 06/3/2023 19:33 by lthtrust
The broker Jeffries recent AML share price target of 160p looks very reasonable to me. AML talk a lot about net debt in the RNS, which is of course gross debt minus cash. But AML still have to service their gross debt which includes US$ loan notes of £1.1bn equivalent (First Lien of £935m at 10.5% interest maturing in November 2025; Second Lien of £169m at 15.0% split interest (8.9% cash; 6.1% PIK) with detachable warrants maturing in November 2026). These instruments carry no-call options of two years for the Second Lien and three years for the First Lien.
Aston Martin Lagonda Glo... share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock