Aston Martin Lagonda Glo... Share Discussion Threads

[timc2645sg] 07/3/2023 17:55

Bring out the gimps.

[epifanio1] 07/3/2023 17:33

It's an ebitda adjusted profit. Not a real hard cash one. And with interest rates still accelerating debt payments are going to increase too. I hate to admit it but LTH may be right on this occasion, ebitda is almost always used to gloss up the results. Something tells me me I should've been scaling some off today as opposed to adding to a winner. Oh well guess we'll see what happens tomorrow

[lthtrust] 07/3/2023 17:28

Loss before tax for 2022 was £495 Million. It is in the recent 2022 Final results RNS. Learn to read !!!
They do justify some of the loss, but a LOSS is a LOSS !!
From RNS Number : 4204R:
"· Loss before tax of £495m was materially impacted by a £156m negative non-cash FX revaluation of US dollar-denominated debt as the GBP weakened significantly against the US dollar during the year.".

[timc2645sg] 07/3/2023 17:08

£36m

[lthtrust] 07/3/2023 16:53

Timc2645sg. Facts are facts. All the facts that I mentioned are contained in the recent 2022 final results RNS. I would suggest that you read it. I also find it interesting that the rampers talk about AML's F1 performance. Yes it is good for advertising, but a car with a MERCEDES engine, seriously !!!

[timc2645sg] 07/3/2023 16:25

You must be c2468 re imagined. Stop being a helmet.

[timc2645sg] 07/3/2023 16:24

Lthtrust, utter twaddle.

[lthtrust] 07/3/2023 16:14

Arthur: The fact is that AML have already LOST most of the money that they raised in their recent September 2022 placing. AML declared a LOSS (before tax) of £495 Million in 2022, this compares with a LOSS (before tax) of £213.8 Million in 2021. The results have been presented with an extremely positive spin, but in reality they are not that good. Lawrence Stroll states "Over the last three years, I have consistently referenced our target to deliver around £2bn of revenue and £500m of adjusted EBITDA by 2024/25.". I always find it interesting that companies with debt often use EBITDA (earnings before interest, taxes, depreciation, and amortisation) as a measure. In the recent Final results RNS AML give the following 2023 guidance: "Depreciation and amortisation: c.£350m-£370m; Interest costs: c.£120m (cash) assuming current exchange rates prevail for 2023". So for 2023 the guidance for the IDA is c.£470-490 Million.

[epifanio1] 07/3/2023 13:29

8 greens days in a row today

[spacedust] 07/3/2023 13:10

Will be flying everyday this week. 10p rise per day will do me just fine

[albert arthur] 07/3/2023 11:56

No placing coming here, that was Sepetember last year: Year-end cash of £583m (2021: £419m); Net debt of £766m (2021: £892m), including a negative £156m impact of non-cash Adjusted EBITDA increased by 38% year-on-year to £190m FY 2022 core ASP of £177k, up 18% from £150k in FY 2021 Q4 2022 core ASP of £184k, up 21% from £152k in Q4 2021 Gross profit increased by 31% year-on-year to £451m (2021: £344m) and gross margin increased to 33% (2021: 31%), Revenue increased by 26% year-on-year to £1.4bn and Q4 revenue increased by 46% year-on-year to £524m driven by:

[blackhorse23] 07/3/2023 11:16

Overvalued, placing coming

[spacedust] 07/3/2023 10:03

spacedust2 Mar '23 - 16:58 - 11069 of 11122

400p in March 2023....watch and see it happen

[albert arthur] 07/3/2023 09:55

Whilst the shorts close, the price will continue to rise, with the retails investors getting hyped, it's a double catalyst... silly note by Jeffries, but if you listened to everything they said you'd be broke.

[nov31] 07/3/2023 09:45

306 close today I reckon - no scientific analysis behind that whatsoever! :-)

[albert arthur] 07/3/2023 09:14

Expect we clear £3 today.

[lthtrust] 06/3/2023 19:33

The broker Jeffries recent AML share price target of 160p looks very reasonable to me. AML talk a lot about net debt in the RNS, which is of course gross debt minus cash. But AML still have to service their gross debt which includes US$ loan notes of £1.1bn equivalent (First Lien of £935m at 10.5% interest maturing in November 2025; Second Lien of £169m at 15.0% split interest (8.9% cash; 6.1% PIK) with detachable warrants maturing in November 2026). These instruments carry no-call options of two years for the Second Lien and three years for the First Lien.

[timc2645sg] 06/3/2023 19:23

Lots of very positive Valkyrie reviews out there now too.

[timc2645sg] 06/3/2023 19:22

Someone opened a short? Worried about a short squeeze?

[lthtrust] 06/3/2023 19:20

There have been several shareholder dilutions, most notably the rights issue on the 28th September 2022 (which raised £575.8m gross):

1. On 15 July 2021 945,131 ordinary shares in the Company were issued to satisfy the redemption of 18,902,665 warrant options. £9.5m of cash was received for the shares. On 22 July 2021 330,795 ordinary shares in the Company were issued to satisfy the redemption of 6,615,932 warrant options. £3.3m of cash was received for the shares. On 11 December 2021 250,000 ordinary shares in the Company were issued to satisfy the redemption of 5,000,003 warrant options. £2.5m of cash was received for the shares. Upon issuance of the shares the corresponding derivative option liability is extinguished resulting in a total credit to retained earnings during the year ended 31 December 2021 of £14.8m.

2. On 9 September 2022 the Company issued 23.2m ordinary shares by way of a private placing. The shares were issued at 335p raising gross proceeds of £78.1m, with £2.4m recognised as share capital and the remaining £75.7m recognised as share premium.

3. On 28 September 2022 the Company issued 559.0m ordinary shares by way of a rights issue. The shares were issued at 103p raising gross proceeds of £575.8m, with £55.9m recognised as share capital and the remaining £519.9m recognised as share premium. Share premium is reduced by £21.6m reflecting transaction fees paid of which £3.0m are accrued as at 31 December 2022. Due to the shares being issued at substantially below market price, a bonus issue is deemed to have taken place. A total of 211.6m shares issued were considered bonus shares. The weighted average shares used to calculate earnings per share (see note 9) has been adjusted accordingly.