Aston Martin Lagonda Glo... Share Discussion Threads

[astonbroome] 25/2/2021 09:31

So we will have that PHEV of DBX in two years - confirmed by Toby. And electric car ballpark for 2025. 90% cars will be electrified by 2030.

I think the team are pushing ahead at breakneck speed with the turnaround. They are going to milk the ICE lines for all it’s worth with 30% efficiency across all lines of the business, supply to meet demand, and new vehicles and face lifts for the next 1.5 years ahead.

I like how they are being ‘conservative’ with the numbers and dates, even though if they hit those as a minimum, it would already be a really good result. Under promise and over deliver is a cautious nod to what the previous management did which was totally the opposite.

My position is the same, I’m still diamond handing my shares bought in April & May 2020. Not adding, not selling. But will relook at my position this time next year :) I’m long on AML until 2024/25. But may even consider longer term than that if things go well with the electrification plans.

It’s a good day, I wasn’t expecting a lot this morning, but after the news, I’m more than pleased looking forward.

[astonbroome] 25/2/2021 08:15

@Swiss Tony it’s good to be back, to be honest I split my posting between here and the LSE chat. But have reduced my posting overall as have been busy with contract work which has also been ‘gang busters’ over the past 2-3 months lol.

Short story in the FT too, Toby says even without the pandemic they were going to make a loss in 2020 due to destocking. Very much in line with Strolls comments last year that they’ll need to take a step back to move 3 steps forward.

Also they expect to turn a profit this year (one would hope with 6,000 units sold).

I still have caution, numbers have been promised in previous years and we missed them. So would be nice to see some positive trading reports and comms this year too.

Looking forward to the presentation in 15 mins. share price has had a nice little bump up also, which is nice ;)

[pwal] 25/2/2021 08:07

New variant Q3. If the market continues to recover that will be just perfect to get in my order :)I wish. But looking good.

[bashor] 25/2/2021 08:02

Yes indeed, plenty of time

[spyder] 25/2/2021 08:02

TBH BASHOR, I was quite nervous when I opened the results this morning - phew!
You might still have your chance ...

[bashor] 25/2/2021 07:55

Good luck all, I was so close to getting back in before the close yesterday, you can’t win them all

[spyder] 25/2/2021 07:52

I think that, given the very strong new management team (execs, non-execs, ops),DBX, Valkyrie, F1 and seeing the back of Covid, 2021 should be a very promising year, there are good tailwinds building here ...

[swiss tony] 25/2/2021 07:48

PS good to see you back Astonbroome, loving how this thread is civil and informative, good posting sir/ma'am ;)

[swiss tony] 25/2/2021 07:46

Cracking results indeed, on target for 3000 DBX sales per year minimum.
Well above what I thought.
6000 wholesales next year probably means a profitable company, which is a very quick turnaround for Stroll.
Many of my doubts have been quashed, DBX sales were always key for me.

[astonbroome] 25/2/2021 07:41

@Swiss Tony, well would you believe it, not only have they finally put some DBX numbers on paper, they did 1,171 wholesale units in Q4 alone. I think 1,516 in total? So Q4 performance was beyond my expectations, total sales maybe slightly below expectations, but bodes well for the future. First variant to come out this year too.

Net debt is down and destocking is gonna be complete by this quarter, which sets us up nicely for a year of progress! 6000 wholesale units is the target for this year, gives us a proper yardstick with which to measure progress. Mid term 2024/25 targets of c. 10,000 wholesale on track.

I’d like to know when these hybrids are coming to be perfectly honest. But given this is meant to be a bad report for a terrible year, I am feeling better that certain plans, figures and forecasts are becoming clearer (even considering we knew some of this stuff going in).

Thoughts people?!

[swiss tony] 25/2/2021 07:39

Great DBX numbers indeed!

[bashor] 25/2/2021 07:30

Looking promising for a good day

[spyder] 25/2/2021 07:25

Outstandingly good results by the look of things.

[bashor] 24/2/2021 16:16

Very tempted to jump back in with both feet

[swiss tony] 24/2/2021 14:35

I'll be surprised if they have sold more than 500 DBX in Q4 worldwide.
The order book of 1600 was well known for including 1200 demonstrators for dealers in March last year.

I doubt Stroll will update you on the DBX order book, and you can work out yourself why that might be.

[pwal] 24/2/2021 09:45

It all hangs on the size of the order book. AML had 2000+ last year so expect nearer the max yearly output.I believe Bentley sell 5000 a year of their SUV.

[swiss tony] 23/2/2021 21:14

I agree, a lot hinges on the DBX sales, not long to go until we find out now...

[bashor] 23/2/2021 18:58

I expect China to have been good support in the luxury sector but have they shipped enough DBX’x that’s the question, I’m still out but will be watching with interest, GLA

[swiss tony] 23/2/2021 18:09

What are everyone's thoughts on results?

[bashor] 23/2/2021 12:00

The wider market has seen some big moves in lots of stocks today, I’m waiting on the sidelines here for now

[spyder] 23/2/2021 11:49

Clearly many people nervous ahead of results.

[pwal] 23/2/2021 11:00

Interesting price action.

[swiss tony] 22/2/2021 10:50

25th, this Thursday

[pwal] 22/2/2021 10:39

Does AML report this week or next?

[texaschaser] 21/2/2021 18:29

most people burned on this pos but pumped by darrenbuffer