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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aston Martin Lagonda Global Holdings Plc | AML | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 4.70 | 4.48% | 109.70 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 105.20 | 104.00 | 110.00 | 109.70 | 105.00 |
| Industry Sector |
|---|
| AUTOMOBILES & PARTS |
| Top Posts |
|---|
Posted at 30/11/2024 20:30 by ariane Should I buy more Ferrari shares for my SIPP?Ferrari stock has done very well in this investor’s SIPP portfolio. But is it attractively priced to warrant investing more money in it? Posted by Ben McPoland ❯ MOTELY FOOL Published 30 November, 10:10 am GMT Unfortunately, I’ve not had a spare €400,000 lying about recently for a Ferrari (NYSE: RACE). That’s the average selling price (ASP) for a new one nowadays. But I was able to rustle up enough cash to buy a few shares of the Italian luxury automaker a while back for my Self-Invested Personal Pension (SIPP). The stock has done very well, rising 90% in just the past two years. This is impressive when most other luxury stocks have been smashed due to weak China sales. Should I add to this winning stock today? Let’s pop the bonnet and take a look. At first glance, Ferrari might look like just another manufacturer of sports cars. However, I think it’s more accurate to view the Prancing Horse as the world’s leading luxury brand. In Q3, the company only sold 3,383 vehicles. But it could likely triple that figure in a heartbeat if it chose to. After all, the cars are built to order for ultra-high-net-worth individual clients, with the order book stretching well into 2026. The reason it doesn’t sell more is because Ferrari needs to maintain an aura of exclusivity. CEO Benedetto Vigna argues that seeing a Ferrari on the road should be like encountering an exotic animal. Unfortunately, even if I had €400,000, I probably wouldn’t be able to buy a new Ferrari. There’s a massive waiting list to even be considered as a potential customer, while 74% of cars made last year were sold to existing clients. Ferrari will always deliver one car less than the market demands. Enzo Ferrari Serious pricing power This scarcity gives the company incredible pricing power. As mentioned, the ASP is now around €400,000, up from €270,000 in 2015. Some special models exceed $1m. The firm is also benefiting from customers enthusiastically paying up for increasing amounts of vehicle personalisations (extremely high-margin revenue). As we can see below, Ferrari’s net margin has more than doubled inside the last decade, from 10% in 2015 to an incredible 21% today. Most auto firms are high-volume, low-margin producers. Ferrari has flipped that on its head, with ultra-high margins on low volumes. Brand image risk Some investors might still question the investment case for this stock. After all, if the firm closely limits supply to maintain high demand, where’s the growth going to come from long term? It’s a valid question, and Ferrari’s continued success is linked to the growing population of multi-millionaires and billionaires. Current trends indicate that this affluent (and aspirational) demographic is expanding, particularly in Asia. This should enable Ferrari to gradually increase its annual production volumes while maintaining the brand’s exclusivity. It’s also moving onto the water by launching a sail racing team and building a racing yacht. Yet the brand image is everything here. If that were to somehow diminish, then the company’s reputation and ultimately pricing power would be threatened. Will I buy more shares? I’ve been waiting for a decent pullback in the share price all year. There’s been a slight one — 13% since August — but it’s not enough for me. The stock’s still trading on a high forward price-to-earnings (P/E) ratio of 47. That’s actually above luxury peer Hermès (43). Therefore, I’ll continue waiting patiently for my opportunity to buy more shares. Ben McPoland has positions in Ferrari. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. |
Posted at 26/11/2024 23:11 by ricardo montalban Aston Martin Lagonda Global Holdings Plc plans to tap investors for more funds as the luxury carmaker issued its second profit warning in two months….FT. Thats all you need to know, hopefully the market will put this POS out of its misery once and for all, it’s been bankrupt 7 times before, another British manufacturing disaster, there is no market for these cars anymore. Terminal, like U.K. plc in general. |
Posted at 26/11/2024 22:42 by waldron Michele MaatoukSharecast News 26 Nov, 2024 18:46 26 Nov, 2024 18:49 Aston Martin looking to raise more cash as it warns on profits again Aston Martin Lagonda said on Tuesday that it was looking to raise more cash from investors as it issued another profit warning. Aston Martin Lagonda Global Holdings 107.90p 17:15 26/11/24 The luxury car maker said it was aiming to raise £110m through an equity placing and a further £100m in debt "to support future growth and enhance liquidity". AML said the financing will provide it with "increased financial resilience and strength as the company maximises the potential of its fully reinvigorated core portfolio of class-leading next generation models and continues to invest in future growth opportunities". It also said that due to the delayed delivery of a small number of ultra-exclusive Valiant models, the FY2024 financial impact of which is largely mitigated by cost actions, it now expects FY 2024 adjusted EBITDA of £270m to £280m, down from £305.9m the year before. Aston Martin had already warned at the end of September that full-year profits were set to decline as a result of a cut to wholesale volume guidance due to supply chain disruption and weak demand in China. It said at the time that EBITDA would be "slightly below" 2023. Chief executive Adrian Hallmark said: "Building on the strength and desirability of Aston Martin's iconic brand, we have clear sustainable growth opportunities for the business. As we bring incredible products to market, my focus is on maximising the commercial potential of the company. We are already taking decisive actions to better position the group for the future including a more balanced production and delivery profile in the coming quarters. "Coupled with a forensic approach to cost management and quality, these efforts will deliver enhanced operational and financial performance in 2025 and beyond, as we progress towards our mid-term targets. The financing we are undertaking supports our growth and provides the investment to continue with future product innovation." |
Posted at 11/10/2024 01:20 by waldron Aston Martin's Production Targets Slashed, Short Sellers PounceBy City A.M - Oct 10, 2024, 2:00 PM CDT Aston Martin issued a profit warning and announced production cuts due to supply chain disruptions and a slowdown in the Chinese economy. Hedge funds, including Marshall Wace, have taken short positions on Aston Martin's stock, indicating a bearish outlook. Shares in Aston Martin have fallen significantly, reflecting a decline in investor confidence in the company's future prospects. Bearish Short sellers are circling Aston Martin after the iconic marque issued a profit warning last month and said it would produce around 1,000 less cars this year. Marshall Wace, the hedge fund owned by GB News baron Paul Marshall, took out a net short position of 0.83 per cent of the company’s shares the day the warning was issued, while investment manager Qube Research and Technologies took out a short position of 0.9 per cent this morning, according to new data published by the Financial Conduct Authority. The data also shows a 0.52 per cent short position from Helikon Investments, which was taken on 2 May. This means the net short position on Aston Martin’s stock is at least 2.25 per cent in total, however the FCA data only captures shorts above 0.5 per cent of a company’s shares, meaning other smaller short positions could exist. Shares in the carmaker have endured a bumpy ride since it first went public in October 2018. The stock is down over 95 per cent in the last five years and has fallen 50 per cent in the last 12 months. There were signs last year that the FTSE 250 firm had finally made it out of the slow lane, with its shares topping London’s mid-cap index by September 2023. Renewed investment from two key stakeholders, the Chinese carmaker Geely and its billionaire chair Lawrence Stroll, and a £182m deal with US-start up Lucid to produce high-power electric cars, had got investors excited. However, production issues during the hotly anticipated roll-out of its new DB12 model sent shares spiralling at the end of 2023. The group’s justification for this year’s performance had rested on a significant ramp-up in production later in the year. But a profit warning last month poured cold water on the plans, with supply chain disruption and a slowdown in the Chinese economy dragging on deliveries. Both wholesale production volumes and adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) are now expected to fall below market expectations this year. Aston Martin has been approached for comment. Marshall Wace declined to comment. Helikon Investments and Qube Research and Technologies have been approached for comment. By City AM |
Posted at 04/10/2024 09:24 by swiss tony 5 years ago investors put money in at obscene levels.AML is down 98% since IPO. Many investors think they are buying in at the bottom, only for it to fall further, as there is dilution around every corner. No-one is buying until after the company has enough cash as a going concern. The market now doubts AML can ever be profitable. Doesn't matter who is running it. |
Posted at 04/10/2024 08:37 by dealy Obviously, AM is a minnow compared to Ferrari (although it still has roughly 1 billion of revenue). Turbulence is always going to have a greater effect on the smaller company.Take note that there are no financial ratios that compare net or gross debt to market cap (the latter being a variable that is subject to daily fluctuations based on sentiment). AM is on a journey to a near-term destination where the full suite of products ramp up and financial metrics arrive at their target levels. The valuation of the target state is a multiple of the current market cap. Indeed, 1 year ago, investors put money in at 3 5 times the current market cap. |
Posted at 02/10/2024 12:13 by dealy given all the M&A interest in UK stocks as well as the huge stimulus in China, it does not make sense for this company to be just a few pence above its all-time low.should be some investors interested at this level |
Posted at 20/9/2024 17:35 by waldron Wednesday 30th October 2024 08:30am GMT Q3 2024 Results |
Posted at 07/9/2024 18:47 by hey50 https://news.sky.com |
Posted at 01/5/2024 14:38 by dplewis1 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 |
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