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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
|
|
|---|---|---|---|---|
| 0.90 | 0.60% | 151.90 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 148.80 | 147.60 | 152.40 | 151.90 | 151.00 |
| Industry Sector |
|---|
| AUTOMOBILES & PARTS |
| Top Posts |
|---|
Posted at 14/3/2024 05:08 by chesil356 That’s correct, and improves the terms so gets rid of the 15% loan note,so reduces the annual loan repayments.So this with the recent credit rating upgrades and institutional investor interest should be share price drivers. |
Posted at 08/3/2024 21:08 by dancing piranha I think you need to look in the mirror! |
Posted at 25/11/2023 09:43 by timc2645sg And it was Geeley responding to investor concerns about the limited free float. Nothing to aee here. |
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 04/10/2023 18:32 by chesil356 (Bloomberg) -- Aston Martin Lagonda Global Holdings Plc Executive Chairman Lawrence Stroll says the British luxury-car maker needs no new funding “whatsoever“Our last capital raise was money to pay down our mezzanine debt, which we’re going to do very shortly,” Stroll said in an interview with Bloomberg TV on Wednesday. “Otherwise, the company is fully funded.” The decision to join Formula One racing has been a “transformativ Aston plans to enter the 24 Hour of Le Mans hypercar race in 2025 with a prototype of the Valkyrie, allowing it access to all forms of endurance racing. The British manufacturer is in the middle of a turnaround under Stroll, who rescued the company in 2020 but has needed to raise funds several times since. The storied carmaker has had a long history of financial troubles and ownership changes. Shares in Aston Martin jumped last week after Stroll’s Yew Tree Consortium lifted its stake to above 26%. Earlier on Wednesday, he said his group raised its bought shares after another major shareholder wanted to cut its holding. “There was an opportunity — the initial investor wanted to sell a stake of his shares due to a change in management, I believe, in that firm,” Stroll said during an event at Aston Martin’s Formula One headquarters at Silverstone. “We saw this as a great opportunity to buy because I believe heavily in the future of AML.” While Stroll declined to comment on the seller, Invesco Ltd. — Aston Martin’s third biggest investor — on Oct. 3 offloaded just under 1.9 million shares, or about 2.7% of its stake, according to data compiled by Bloomberg. |
Posted at 29/9/2023 16:12 by eodfire True. Have to avoid those situations! Relatively rare if you do your due diligence. Sky is the limit when talking shorting... I know what sort of investor I prefer to be. |
Posted at 07/8/2023 17:09 by chesil356 Moody's changes Aston Martin's outlook to positive from stable; Caa1 ratings affirmedRating 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 01/8/2023 09:46 by elbrus55 That type of fund raise needs to be done outside trading hours, so announced after 4:30pm and closed later in the evening. It is only recently that retail investors have been given a fair chance to participate at all in such capital raises. I don't think we can grumble or expect a different timetable. |
Posted at 01/8/2023 08:42 by cottlet Very annoyed...missed the fund raising...only a day to decide and confirm.....another nail in the coffin for private investors.... |
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! 🚀📈 |
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