Aston Martin Lagonda Glo... Share Discussion Threads

[jonnywalker77] 15/7/2022 11:48

Anyone who thinks that the RI will be at 335p needs their heads checking.

What discount to TERP would that give vs what is the norm for RIs (let alone in a risk off environment, with this company's share price history and track record of tapping the market for fresh money)?

If you really want a laugh - look at what the RI price would be to give a 35% discount to TERP

[rolo7] 15/7/2022 10:50

Any playing to keep it in fste 250 so predictable

[eodfire] 15/7/2022 10:13

Well this mornings action sure stuck one up the shorters. Long may that continue.

[eodfire] 15/7/2022 10:11

Even if we are hit with a big recession, there will still a lot of wealth around to buy high end vehicles don't you worry. Not everyone gets poorer in a recession.

[natty27] 15/7/2022 10:04

BEN looks set to carry on its bounce

[swiss tony] 15/7/2022 09:28

FYI:

H1 2021
2901

Full year 2021
6178

[swiss tony] 15/7/2022 09:11

Agreed.
The first RI gets done at 335p, but that's only for c78m.
The second raise is for 650m and no way can it be above the 335p.

[blackhorse23] 15/7/2022 09:09

This company always require financing even before covid

[blackhorse23] 15/7/2022 09:08

Sorry yes I agree

[loglorry1] 15/7/2022 09:07

The raise is huge and I think the RI gets done at 335p. I see no reason to buy at these prices. It's just a small squeeze because the £78m put a bit of a floor in place.

[jubberjim] 15/7/2022 08:54

I just don't get it

Not invested nor going to be

Consensus is a recession is on its way people will not have the money to buy high end cars

Cannot see the value here fund raise follows fund raise yet share price goes up

Is beyond my limited understanding would rather buy RV if I had the money

Good luck everyone invested

[loglorry1] 15/7/2022 08:49

>Why would anyone finance this loss making POS.
Because the are foecast to make a profit in 2024 (but they've never made targets since IPO)

[jubberjim] 15/7/2022 08:49

I just don't get it

Not invested nor going to be

Consensus is a recession is on its way people will not have the money to buy high end cars

Cannot see the value here fund raise follows fund raise yet share price goes up

Is beyond my limited understanding would rather buy RV if I had the money

Good luck everyone invested

[nigerianprince] 15/7/2022 08:47

Why would anyone finance this loss making POS.

[swiss tony] 15/7/2022 08:45

Q1 is the slowest and Q4 is when AML load up dealers to hit their targets.

[loglorry1] 15/7/2022 08:32

Aren't sales H2 weighted though?

[swiss tony] 15/7/2022 08:18

Correct loglorry1, the RI is c.1.5x the current market cap, huge dilution coming.
I don't think it's enough, AM: should have taken the 1.3bn from Geely and paid off all the debt.
Now they pay off half, and still miss all their sales targets for this year...

"As noted above, supply chain and logistics disruptions, including COVID-19 lockdowns in China, impacted wholesale volumes, most notably DBX deliveries in Q2

- H1 wholesale volumes of 2,676"


They were expecting 6800 sales this year, looks like closer to 5300.
Profit warning written all over it.

[failedqs] 15/7/2022 07:39

Blackhorse - ENQ have never paid a dividend

[loglorry1] 15/7/2022 07:34

Cap raise terms out. Bit complex PIF taking part in a placing at 335p to raise £78m then underwriting a rights issue (price not disclosed) to raise £575m. It seems like the placing is to prop up the price to around 335p but the RI will be done much lower. Geely offered them more money but they turned it down it seems. I wonder if they really did need more cash

[blackhorse23] 14/7/2022 23:55

Yes 300 millions is coming from Saudi but it will not be enough after 6 months

[blackhorse23] 14/7/2022 22:10

ASTON needs more funding in future , investing in dividend stocks only way out which prove no funding needed eg (LSE). CURY , BP , MCL , ENQ etc more stable in financially & pays dividend

[swiss tony] 14/7/2022 19:21

£300mn rights issue....

[wilmdav] 14/7/2022 17:10

Tony

I've been taking a look at the October 2020 Prospectus which contains details of the agreement with Merc. Below is one minor correction which is pretty inconsequential in current circumstances.

Merc's right to cancel the agreement if any strategic competitor acquires more than 30% of the AML's ordinary shares applies only if this eventuality occurs before the first tranche of Merc shares have been issued. See page 72, Part 6 of Terms and Conditions of the Strategic Cooperation. The first tranche was issued in Dec 2021.

It might be worth noting that the second tranche was due to be issued by the end of Q1 2022 at the latest and has not happened. (Page 69)

As you rightly say, all three tranches of shares are due to be issued by the end of Q1 2023 with a payment to Merc if the shares are worth less than the pre-consolidation price of 62.317p. The consolidation was approximately 20:1, so the equivalent price is 1,246p. The top up is subject to a maximum £28.6m.

Thanks again for the wealth of information.