Aston Martin Lagonda Glo... Share Discussion Threads

[bashor] 01/3/2021 16:50

Swiss Respect, it just feels too volatile just now, I booked a substantial profit prior to results and expected to be back in but still on the sidelines

[swiss tony] 01/3/2021 15:41

I have sold a few, think Adeem are selling the rest of their shares, big volume sells again today.
That coupled with people who bought in for an instant boost (like Q3 results) are bailing.
Cool if it goes back up, but got the funds to top up if it falls lower.

[swiss tony] 01/3/2021 14:31

I am similar. They are under pressure to make the DBX a success.
I still believe the share price will be materially higher in 2025, but I am not sure about this year tbh.
The way that spikes have been sold into over the last 2/3 days would confirm I am not the only one thinking that!

[bashor] 01/3/2021 14:14

Lots of things rolled together, DBX numbers in transit seemed very high, I think in the next 3months this will look clearer, it’s not that I don’t believe I’m just finding it hard to believe, I’ll take a chill pill

[swiss tony] 01/3/2021 13:55

Which numbers don't you believe Bashor?

[pwal] 01/3/2021 12:51

Not sure about the numbers/stock.Will really only see next results.I am looking forward to the first GP.I did hear the safety car may be an Aston. Can't remember where from.I'm still in for the long term: getting towards Strolls share price of £9. (£180 now). Anywhere towards half of that is phenomenal.

[swiss tony] 01/3/2021 12:32

A bit of churn post results.

What do you both think about DBX dealer loading?
"DBX shipments in 2020 were 1,516 cars with 345 having been shipped in Q3 and 1,171 in Q4. DBX Q4 retail sales were 593 cars. Assuming generously that all Q3 DBXs found homes in Q3, this still leaves 578 DBXs sitting either on dealer lots or “in transit”

[pwal] 01/3/2021 12:19

Pretty good for meI sold my added shares at 2147.7Thinking of buying them back.The share price is up and down.

[bashor] 01/3/2021 12:09

What a day

[swiss tony] 28/2/2021 21:26

And Stroll's quote of "gangbusters" now shows him up for what he is.
APAC sales are 40% down in 2020 from 2019.

[swiss tony] 28/2/2021 21:23

I also noticed they were basically loading up dealers with DBXs, poor show!

[bashor] 28/2/2021 18:46

I may well still jump back in, let’s see what tomorrow brings

[pwal] 28/2/2021 15:16

Hope you are right Swiss. Could go either way. Need some more good news to help the share price along.

[swiss tony] 26/2/2021 09:24

I think that may prove great timing pwal, that was a dip for institutions to buy imho. Bankruptcy and messy situations are all off the menu, the recovery is officially on.

[pwal] 26/2/2021 08:49

In for more. Added. A good long.

[maxk] 25/2/2021 21:11

Aston Martin losses quadruple
Hit by coronavirus and 'destocking' of dealerships, the famous marque suffers sales collapses and growing losses

By
Alan Tovey,
INDUSTRY EDITOR
25 February 2021 • 9:00am



Aston Martin reported a collapse in sales and widening losses in a turbulent year that was overshadowed by management change and the coronavirus pandemic.

Wholesales deliveries of cars to dealers fell 42pc to 3,394 in the year to end December, while retail sales to customers were down 32pc to 4,150.

The drops were partly blamed on plans to “destock” dealership inventories to align production with demand and the impact of coronavirus, which shut showrooms for large parts of the year.

Flagging sales meant revenue fell 38pc to £612m, with the pre-tax loss almost quadrupling to £466m.

The dire results did not stop management outlining an ambitious plan to sell 10,000 cars a year by 2025.

Executive chairman Lawrence Stroll launched a refinancing of the business, helping trim debt by a quarter of a billion pounds to £727m. Mr Stroll led a consortium that took control of Aston last year.

Management also laid out their “Project Horizon” plan to get the business back on track after years of spiralling debts and falling sales following its disastrous flotation in 2018, when shares collapsed from their £19 debut to a quarter of that before Mr Stroll’s Yew Tree consortium took the wheel

[swiss tony] 25/2/2021 14:14

1200 DBX in one quarter equals 4800 in a year, right on target.
This is music to my ears, it was the figure I was most worried about.
AML are now on target to be profitable this year, which is incredible really.
I can't wait to finish work to watch the presentation.

[astonbroome] 25/2/2021 12:27

FYI also from today:

Aston Martin Lagonda Global Holdings plc announces that its subsidiary, Aston Martin Capital Holdings Limited (the "Issuer"), today is launching an offering of £70 million (US$ equivalent) aggregate principal amount of Senior Secured Notes due 2025 (the "Notes"), which, if completed, will be used for general corporate purposes, including working capital, capital expenditures and to pay expenses and fees in connection with the offering of the Notes.

[edwardt] 25/2/2021 10:13

love how all the analysts are super sceptical and seeking precise numbers on cash burn but miss the bigger picture of the overall transformation. Analyst bias are anchored by the trauma of the IPO and will take time to heal. that is the opportunity as far as i am concerned.

[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.