Aston Martin Lagonda Glo... Share Discussion Threads

[plat hunter] 19/11/2020 08:45

Good timing swiss it seems, well done indeed

[swiss tony] 19/11/2020 07:44

Brilliant craic!
The Q3 results changed everything for me.
Stroll glossing over the fact they only sold 345 DBXs, the thing they need to succeed to save the company. If they had around 3000 on the order book they wold be shouting that from the rooftops. They didn't.

Basically they have taken on a £1bn loan, and are using that loan amount to repay the loan's interest. £123 million in interest payments due per annum, on the bonds alone.

So if they pass all resolutions in December, they go from £300m to 500m cash.
They burned though £500m cash in the last 9 months, in which space of time we have had 3/4 cash raises and dilution has multiplied the number of shares by 9!!! Hence the consolidation.

So I sold up, Stroll needs to do way more than just paper over the cracks and refuse to talk about them.

I reckon the share price will stay reasonably high to enable all shareholders to accept all AMLs resolutions at the AGM in December. What better way to make them happy than to put them in profit?
Who knows what will happen in the next year, I bet 2/3 dilutions at best.
Ken hinted at restructuring to bring max factory output down from 14000 cars to 10,000. Stroll will need money to fund F1 antics, whole lines needs redesigned and refreshed. DBX needs serious sorting with electric/hybrid...and they bring very little cash in.

DBX sales terrible, Valkyrie pushed back to Q3 2021, Valhalla now slated for 2023, Vanquish 2024 & 12 months until current range get a refresh.

Ooooooft!

[swiss tony] 18/11/2020 18:34

Yeah, because of consolidation. Too many shares about because PIs have been drowned rather than diluted.

[chesil356] 18/11/2020 17:14

If you've read today's prospectus, you would know that is going to be over £5 in mid December. ?

[danb45] 18/11/2020 16:19

Very weird, what the hell happened ??????

[swiss tony] 18/11/2020 15:45

Why did they only sell 345 DBX's in the 3rd quarter then Rob?

[robbnw] 18/11/2020 15:43

We will see mate . Do you know anyone that owns an AM ? I do and he tells me the DBX is a game changer for them . Never mind formula 1. Never mind the new bond film . Both big pluses . The key is the DBX. Once Covid is done . The sales of DBX in the US, Mid East and China will make this company ,. S is no idiot . I am sure he will get this share price well over 200p . We will see . I have added . Bargain they are .

[bashor] 18/11/2020 15:42

Traction control turned off

[tygarreg] 18/11/2020 15:39

Ok what just happened?

[swiss tony] 18/11/2020 15:22

£5, what a laugh.

Read this and all comments.

It'll be back at 62/63p in a couple of weeks if anyone wants to top up.

[bashor] 18/11/2020 14:35

A share price of £5 is a huge ask right now, but who knows maybe it’s just possible, I’ll be hanging around for a few years yet

[slaccs] 18/11/2020 14:17

Interview with Lawrence Stroll in last weeks Sunday Times and he was very bullish of course saying that he could see the share price going to £5.00 over the next couple of years and that every car now coming of the production line had an order so no more stock problems. I feel this recent rally is a reflection on Stroll after all he has an excellent track record with the companies that he has turned around.

[boxerdogz] 18/11/2020 11:54

Goodness me, bought in a little over a week ago 35 grand punt now worth 50k. This investing game is easy isn't it ?

Checked my trades , last time I bought AML was at 195 and sold at a 10 % loss back then .

Eeeeek

Anyone familiar have any Idea realistic upside from here ?

[bashor] 18/11/2020 11:19

20m shares traded by 11am... looking good, well done all the longs

[only who?] 18/11/2020 11:07

News in the pipeline?

[swiss tony] 18/11/2020 10:38

I am well out Plat, thanks though!

[bag158s] 18/11/2020 10:04

Heading for 1.00 as expected

[anony mous] 18/11/2020 09:42

Gone into auction

[eodfire] 18/11/2020 09:40

Sp is unwinding nicely. Good luck all holders.

[plat hunter] 18/11/2020 09:34

Well done Swiss, hope you're enjoying this? You deserve it mate.

[emeraldzebra] 18/11/2020 09:30

£5-£9 inside 5 years in the ST article about a fortnight ago.

[pwal] 18/11/2020 08:57

So Stroll said £9?

[eodfire] 18/11/2020 08:38

Very true. Buying in at the ipo and holding until now must feel pretty horrible. That's the way the stock market goes sometimes though. It's definitely no a place for the faint hearted, especially with this year in mind. Fortunes lost and won...