Aston Martin Lagonda Glo... Share Discussion Threads

[gary_barlow] 24/1/2022 10:16

Any company will deny a fundraising before it’s announced.

[swiss tony] 24/1/2022 08:47

I wouldn't trust the company.... Remember Stroll guaranteeing us the Valkyrie would ship in SEPTEMBER? haha. Or saying the were fully funded then raise more cash twice? Most recent low was £11.41, let's see if it bounces off that this time around. Let's hope the directors buy some more to support the share price again.

[4rh] 23/1/2022 22:10

A spokesperson for Aston Martin said: 'Aston Martin Lagonda has no requirement or plans to raise additional funds.'

[saj3] 23/1/2022 14:07

Aston Martin may ask investors for more cash for fourth time https://mol.im/a/10430059

[swiss tony] 20/1/2022 14:45

Https://www.bnnbloomberg.ca/aston-martin-struggles-to-keep-its-turnaround-momentum-going-1.1710463

[swiss tony] 19/1/2022 08:07

1200p? If AML lose the court case it will drop 20% in a day.

[dancing piranha] 17/1/2022 17:18

1200p again?

[swiss tony] 16/1/2022 14:22

Are they? That's hilarious. What kind of fraudster provides a direct link (in the subject header) to the article they are accused of ripping off? The first line of the post clearly states: "Here are the comments!" ....which obviously pertains to the comments section at the bottom of the shared article. Hardly my fault the miseducated fail to read properly, have any basic understanding of what a comments section is, or misunderstand the use of quotation marks

[gary_barlow] 16/1/2022 13:54

They’re saying you ripped-off an FT article and passed it off as your personal thoughts.

[swiss tony] 16/1/2022 13:30

Fraud? What fraud is that?

[gary_barlow] 15/1/2022 19:02

I see you’ve been outed on the LSE board as quite the fraud Tony.

[gary_barlow] 15/1/2022 15:54

Would anybody like to make a guess as to what price this will bottom-out at?

[swiss tony] 14/1/2022 17:32

Https://www.ft.com/content/1b2269a6-e559-440a-823f-f78850ea5171#comments-anchor Without the DBX, AML would be bankrupt already. GT/Sports car sales have halved from 6000 pre pandemic to 3000, luckily the DBX is selling 3000 to make up for that shortfall. (or is it, AML only report wholesales - Aml to dealer, not retail, dealer to customer, so it's impossible to know if they are dealer loading again. There definitely are though, take a look at the US forecourts) DBX is for females on the school run, but keeps the company afloat for now. But they only have £420m left, and will definitely need more cash soon. The cash balance has to cover liabilities, which I would guess isn't the case right now. With interest payments of over £160m per annum, they have burned through nearly £200m in the last 6 months alone. They need cash for DBS, DB11, Valhalla, Valkyrie, DBX variants too. What AML need to get right is the new DB11 and DBS. I think this comment from 'Strider' on the FT article above is bang on: "I feel for Mr Moers. Finally we have a CEO with the aggression and the understanding and vision needed to save Aston Martin. I'm right behind him on destocking the dealers, increasing option spend, pushing up average sale prices and creating more derivatives of each model: all things that other manufacturers discovered years ago but wafted past Andy Palmer's leather-lined dream world. He also understands the need for bought in powertrain (and electrification) technologies, potentially expanding out to other areas like ADAS and E/E architectures and he has a world-class vision for digitalisation of the customer relationship journey. But - to deliver this strategy he has to fight three battles. First, there is the Palmer-era leadership team, which is probably the one that briefed Jim Holder against Mr Moers for today's Autocar article. It's right that they should be put under pressure to perform or leave. I've worked with some of them and wouldn't have invested in the business if they were allowed to drift along living on hope and debt. Second, the company he took over was in a real mess, financially and in product strategy. The debt is unbelievable and the product just doesn't cut it. Solving the latter in the face of the former is a big challenge. Then third, to add the icing on his layer cake of challenges, he has Mr Stroll looking down on him from on high. I understand that the F1 agreement was part of the deal to get Stroll's money and support, but it cuts off Aston's ability to monetise it's brand in F1 (all the money goes to Mr Stroll's company, as well as fees from AM - very cheeky) and it comes with Mr Stroll's insistence that AM changes course from aspirational Sports / GT, the goal of those who have been through the 911 ladder and want something equally subtle and useable but more exclusive, to facing head-to-head with Ferrari and Lamborghini in one of the most hotly contested high-end vehicle sectors. It's crazy, despite Lex stating this is what it must do. I fear less career-challenging offers may be circling Mr Moers."

[gary_barlow] 14/1/2022 14:40

Very good post from LSE Tony. I was thinking the other day what a shame it will be that an all-electric version of the DBX will just be seen as a petrol car, castrated. Rather than being seen as purposefully-electric, it will be seen as a kind of retrofit, like UPVC windows in a church.

[swiss tony] 14/1/2022 09:08

From LSE: If the share price sits around here I'd say there is a fund raise coming fairly soon. c.15% discount to current share price being £12.46, 10% for Merc and c.5% dilution. Cash is £420million. It was at £495million on the 4th November's RNS, so that's £75 million burned in 3 months. But they also burned through all the deposits they have taken in too, so it's much worse than £75 million in ONE Q. They have burned through almost £200m in 6 months! I'd say that's why Stroll and Moers dipped into their pockets to support the share price at £12, the lower it went the bigger the dilution necessary. I'd also guess one of the reasons the CFO left is because current cash does not cover all liabilities now. (AML raised £77m in Feb '21 when cash was already @ £489million for example). So ask yourself why is it allowed to drop to £420m now? There is absolutely no way £420m will last very long at all, never mind fully funded until 2024/25. They have to finish the Valkyrie, design/produce the Valhalla, refresh the DB11 and DBS, DBX variants etc etc. The VW Golf alone took £1.8bn of funds! Be careful out there folks.

[gary_barlow] 10/1/2022 14:30

As long as Delboy is involved here it will go to 60p. If this is to turn-around under its current listing it needs Geely, or TATA, or a similar company to step in - as Delboy bows out.

[gary_barlow] 10/1/2022 14:16

Keep telling yourself that, as the share price goes down.

[gary_barlow] 09/1/2022 19:51

I’d copy it for you Tony but I wouldn’t want to offend the writer, or the Copyright Police. I’d suggest getting the app and doing a free trial. It’s in the Business section.

[gary_barlow] 09/1/2022 19:47

Stroll isn’t a suitable owner for Aston Martin, in my opinion. A large company, such as Geely, needs to take ownership here and throw huge amounts of money in R&D, and then tooling. Aston can’t flourish with Delboy at the helm. It’s limping. It needs proper care now. Let it get the proper care, or watch it die.

[swiss tony] 09/1/2022 19:42

Can anyone post the Sunday Times article please?

[gary_barlow] 09/1/2022 19:39

Stroll will be back to selling hoodies again soon.

[gary_barlow] 09/1/2022 15:54

The Sunday Times have given this a Sell today.

[gary_barlow] 09/1/2022 15:40

I think they’ll fall off a cliff because it’s an outdated design based around the Porsche Cayenne. I think consumer interest in the vehicle will wane very quickly.