Aston Martin Lagonda Glo... Share Discussion Threads

[eodfire] 19/1/2021 09:47

Hard bounce this morning. Looking good.

[arai] 18/1/2021 16:35

Not much activity, staff on furlough currently.

[swiss tony] 18/1/2021 14:09

No way Stroll is letting order book numbers out. Which is what worries me, you wouldn't be able to shut him up if they were good/brilliant.

[pwal] 18/1/2021 10:35

Need to see the order book!

[swiss tony] 15/1/2021 14:36

It seems to be hanging on to £16 pretty closely, like it did 50p a few months ago.

I reckon something is in the pipeline from Stroll, this all looks too managed again.

Have kept my core holding, but put limit orders in place should there be a bigger dip.
The only thing I can think of for a potential cash raise would be the factory restructuring from 14k units down to 10k. Ken MacGregor alluded to it recently.

They have enough cash, for now. They were de-stocking anyway with no lineup refreshes until Q3 2021, so Covid doesn't have a huge impact this year weirdly.

Can't wait to see the results though!

[bashor] 14/1/2021 14:15

I’ll add more if it hits £15 although this could well be a good entry point for new investors

[anony mous] 14/1/2021 14:05

Nice top up at 16

[swiss tony] 14/1/2021 11:22

I had a buy order in for £16, but have cancelled it, think this is heading closer to £14 support now.

[arai] 13/1/2021 15:24

Got to give the shorters something more to go at, 60 points was not enough ;o)

[nathandc] 13/1/2021 13:30

Consolidated

[rmc100] 13/1/2021 13:08

Why did it change? When I had stock last year I bought at about 50p ?

[clocktower] 13/1/2021 11:09

Rmc100, why on earth do you want to know that?

However, as there were 20 shillings to the Pound or 240 pence (rather than 100 today) but if your working it out in farthings then its 960 to an old Pound. Just get your calculator out if your not good at mental arithmetic.

[bookbroker] 13/1/2021 10:48

Bu dividing by twenty I’d imagine, but if you are dealing in farthings I wouldn’t have a clue!

[rmc100] 13/1/2021 10:36

How do you work out what the share price is in old money

[bashor] 13/1/2021 10:23

Quite a pull back from £20 let’s see if £16 is support, could well be a good time to top up right here

[swiss tony] 11/1/2021 09:37

Citi group raised, but Goldman Sachs cut their AML price target from 940p to 807p and rated it a sell, 1 day after.

Recalling a near £200k luxury car because you forgot to install a safety part is never good news. Moers has been around 3 months before this was spotted.

I am still undecided on Stroll, it was easy for him to take Chinese made clothes and make them luxury by adding a symbol on them.
Selling niche cars is very much more difficult.
151 DBX recalls means only 151 sold up until October, the rest were demo for dealers imho.
Q3 sales were 345, 160 worldwide dealers, simple maths.
Stroll needs to keep the F1 dream alive but concentrate on selling core models.

Everyone agrees the DBX is required to sell well (up to 4000 per annum) or AML are in dire straits.
Reichman designs just aint selling.

AML won't be selling any/many of any of their forecourt models in this UK lockdown, so you can imagine what end of year results in February are going to look like.

I'll guess 700 DBX sales in the 6 months from July to December. That means 1400 per year and well short of the hit it *needs* to be.

£150M interest on the bonds every year, that £500M of cash on the balance sheet aint going to last long....

[norman29] 10/1/2021 17:33

ARGGD 06:17 01/07/21 Aston Martin Lagonda upgraded to Buy from Neutral at Citi Citi analyst Angus Tweedie upgraded Aston Martin Lagonda to Buy from Neutral. With a new management team in place, the DBX launched, the balance sheet re-financed and a technology agreement in place, the business is "significantly de-risked," Tweedie tells investors in a research note. The analyst see an attractive entry point and 40% upside.Read more at:https://thefly.com/n.php?id=3222291

[bashor] 10/1/2021 11:03

Thanks astonbroome, I’d missed the Citigroup upgrade

[astonbroome] 10/1/2021 10:07

Hmm, so a bit of news this week or so then. Let’s get into it:

AML F1 team signs Cognizant as IT partner. Not sure that affects the share price but not bad news at all.

AML has a recall in the US of 151 cars, due to missing foam in the headliner. Sounds worst than it actually is, as this is not a mechanical fault (and to be honest all new models have teething probs) this could be affecting the share price a little bit.

COVID lockdown (old) deffo having an affect on all UK businesses, esp AML with its high beta.

Brexit - I think the fear of goods crossing the boarder could be affecting the price, M&S has raised a red flag about goods not making it over to Northern Ireland early doors, so one to keep an eye on.

Citigroup raises price target from ‘neutral’; to ‘buy’ with a 2,800p price target, which is 140p in old money. I see this as a positive sign but need more analysts to weigh in before we see some movement in share price

I’m long term since the 50-40p days. Holding till 2024/25. Also holding NIO since May - can’t wait for Monday!

[spyder] 08/1/2021 14:00

To be fair, Swiss Tony, my post wasn’t really a ramp, it was simply an observation and opinion based on the phenomenal increase in the market cap of Tesla, now >$800bn, and Elon Musk becoming the world’s richest man.
A ramp would be, “I hear that Tesla are looking at AML” or “when Tesla buys AML, the shares will go to the moon”.
I do understand the point you have made, and of course Tesla represents everything that AML is not, new vs old, electric vs fossil fuel, although the last example is a bit moot.

[cmgreen2020] 08/1/2021 11:31

Elton musk aint gonna buy Aston, share price taken a bit hit this week

[swiss tony] 08/1/2021 11:12

No chance of Tesla buying Aston Martin. Stroll, his consortium and Merc has made sure no-one can buy more shares than them. Stop ramping with utter nonsense.

DBX sales are the numbers everyone is waiting for, showrooms are closed in the UK, so I doubt it's going to be anywhere close to 4000 per annum like the business plan requires.
345 sold in Q3 and dealerships closed until potentially March in the UK.
That means the rundown of old stock will take longer now too.

Also a recall of the DBX hardly inspires confidence in the brand.

[spyder] 08/1/2021 11:02

If you were Elon Musk and you wanted to get your hands on a premium heritage car brand with >60 years of history that was also synonymous with the glamour of James Bond and F1 - where would you look?
It would only cost the loose change behind his sofa cushion.
Just a thought ...

[swiss tony] 07/1/2021 09:07

This article pretty much sums up what I am thinking right now:

Aston Martin – And the Head Scratching Continues

Normally when you take over a struggling organization teetering towards its 8th bankruptcy the first thing you focus on is getting the core business right. Based on the most recent news I’ve seen from Aston Martin, you could be led to believe the core business is residential real estate Aston Martin Residences Miami & Aston Martin Residences New York, followed by fashion with Heritage Collection, and special editions DBX Bowmore Distillery. The DBX SUV is supposed to be the car that saves Aston Martin and the business plan calls for sales of 4,000 per year. In Q3 2020, Aston Martin sold 345 DBXs which given there are 160 global dealers, is just slightly over 2 per dealer, one of which would be the dealer’s demonstrator. Based on Aston’s recent moves, it appears the main sales strategy critical to the survival of the DBX is bundling them with apartments and distillery tours. Aston Martin’s current Executive Chairman, Lawrence Stroll recently declared to the Financial Times that “demand right now is phenomenal,” without providing any facts to back up the claim. This statement came 10 days before Aston Martin executed a 1 for 20 reverse stock split to reconsolidate shares after a series of massive dilutions this year. If you bought 1,000 shares at Aston Martin’s IPO in October 2018 it would have cost you £19,000. As of Friday’s market close, you would now have 50 shares worth £827. The most phenomenal thing about Aston in recent history is value destruction and lack of focus. In another recent move (the non-works as there actually isn’t any cross ownership), new works F1 team fired the driver who finished 4th in the 2020 F1 standings, kept the driver who finished 11th, and hired the one who finished 13th. Just to make things even more head scratching, the fired driver brought considerable sponsorship funding to the team while his replacement will cost the team €15 million a year. The fired driver just signed with Red Bull, who finished #2 in the 2020 Constructers Championship, ahead of Aston Martin/Racing Point.