Aston Martin Lagonda Glo... Share Discussion Threads

[blackhorse23] 27/11/2024 09:54

Next placing in 3 months time , bankrupt company

[tomboyb] 27/11/2024 08:52

I think AML has enough problems barring the geopolitical tsunami that will be coming -

[dancing piranha] 27/11/2024 08:33

The shock....

Obviously AI forecasted this?

[diku] 27/11/2024 08:30

So 100p will be taken out now?...lock them in...

[dealy] 27/11/2024 08:18

bottom line: this company has strong shareholders who believe in the long term story

[blackhorse23] 27/11/2024 07:44

Aston Martin issues second profit warning in two months

[tomboyb] 27/11/2024 07:30

Retail offer raised 1.25million which looks extremely low -

[tomboyb] 27/11/2024 07:26

placing at 100p -

[ricardo montalban] 26/11/2024 23:11

Aston Martin Lagonda Global Holdings Plc plans to tap investors for more funds as the luxury carmaker issued its second profit warning in two months….FT. Thats all you need to know, hopefully the market will put this POS out of its misery once and for all, it’s been bankrupt 7 times before, another British manufacturing disaster, there is no market for these cars anymore. Terminal, like U.K. plc in general.

[waldron] 26/11/2024 22:42

Michele Maatouk
Sharecast News



26 Nov, 2024 18:46 26 Nov, 2024 18:49

Aston Martin looking to raise more cash as it warns on profits again

Aston Martin Lagonda said on Tuesday that it was looking to raise more cash from investors as it issued another profit warning.

Aston Martin Lagonda Global Holdings
107.90p
17:15 26/11/24



The luxury car maker said it was aiming to raise £110m through an equity placing and a further £100m in debt "to support future growth and enhance liquidity".

AML said the financing will provide it with "increased financial resilience and strength as the company maximises the potential of its fully reinvigorated core portfolio of class-leading next generation models and continues to invest in future growth opportunities".

It also said that due to the delayed delivery of a small number of ultra-exclusive Valiant models, the FY2024 financial impact of which is largely mitigated by cost actions, it now expects FY 2024 adjusted EBITDA of £270m to £280m, down from £305.9m the year before.

Aston Martin had already warned at the end of September that full-year profits were set to decline as a result of a cut to wholesale volume guidance due to supply chain disruption and weak demand in China.

It said at the time that EBITDA would be "slightly below" 2023.

Chief executive Adrian Hallmark said: "Building on the strength and desirability of Aston Martin's iconic brand, we have clear sustainable growth opportunities for the business. As we bring incredible products to market, my focus is on maximising the commercial potential of the company. We are already taking decisive actions to better position the group for the future including a more balanced production and delivery profile in the coming quarters.

"Coupled with a forensic approach to cost management and quality, these efforts will deliver enhanced operational and financial performance in 2025 and beyond, as we progress towards our mid-term targets. The financing we are undertaking supports our growth and provides the investment to continue with future product innovation."

[swiss tony] 22/11/2024 10:28

Monthly finance payments are hurting everyone, including AML.
Too many idiots loaded up on posh cars during Covid, that is all unravelling now.
Higher car prices, higher interest rates, higher depreciation, higher road taxes, higher tariffs. None of that is conducive to AML selling more cars and the market knows it.
Be interesting to see if they load dealers in December as they always do. Hallmark said he wouldn't, but we all know he doesn't run the company. ;)
Not loading dealers will mean missing the already lowered sales targets, grim future ahead with DBX sales plummeting, China uninterested and US tariffs coming.
Very little value in the share price even at the lows of £1.

[diku] 21/11/2024 21:50

Post 12368...hence one sees plenty of newer top end cars on the road...once upon a time many moons ago common persons car was Ford and Vauxhall...today Mercs, Audis, BMWs, Range Rovers, SUVs etc etc...give away on monthly finance payments...



BMW and Mercedes-Benz see sales, revenue, and margin fall. ...

[waldron] 21/11/2024 21:46

Who Owns The Company Ferrari Today?

Let’s look at its present owners.

Exor N.V. – Largest Shareholder

The holding is own by the Dutch company Exor N.V., which itself is controlled by the Agnelli family, founders of Fiat, and currently controls approximately 24% stake in Ferrari-FCA. The Agnelli family maintains tight control over strategic decisions within the automaker. thanks to this significant influence Exor has in Ferrari, no doubt mindful of that luxurious and pricey image.

Public Shareholders

Then, the rest do trade publicly making it possible for institutional investors, individual investors and even Ferrari fans to own a piece of the brand. This combined with the 67% of shares owned by public shareholders gives Ferrari a more varied ownership profile.


Piero Ferrari

Piero Ferrari, son of founder Enzo Ferrari still owns some 10% as well which keeps a direct line to the company’s origins. As Vice Chairman of Ferrari, Mauro Piero has a bit to do with how that goes on at the cultural and political levels.

[adrian j boris] 21/11/2024 15:26

What automakers are struggling?


Automakers struggle to sustain profit margins

Volkswagen and Ford see improved revenue but lower margin. ...

BMW and Mercedes-Benz see sales, revenue, and margin fall. ...

General Motors and Toyota report sales declines, but improved revenue and margin. ...

Tesla, Stellantis, Nissan see largest margin declines.

[roguetraderuk] 21/11/2024 15:21

race to the bottom between this and jaguar. who can destroy a british marque first.

[swiss tony] 21/11/2024 15:19

Ferrari aint hurting.

[adrian j boris] 21/11/2024 15:19

Future of UK car industry ‘at risk’ if ministers fine firms for petrol car sales

Car makers call for rules on electric vehicle sales to be relaxed, to protect UK jobs and investment


Nissan warned fines for carmakers for missing EV targets is damaging UK car production


By David Connett
inews.co.uk


November 21, 2024 6:30 am(Updated 10:14 am)

Ministers are resisting pleas from carmakers who say zero-emission rules should be relaxed or the future of the UK car industry will be at risk.

Vehicle makers and electric vehicle (EV) charging firms warned the UK motor industry is set to miss the mandatory government targets for EV sales in its first year after a slowdown in consumer demand.

Addressing Business Secretary Jonathan Reynolds and Louis Haigh, the Transport Secretary, they warned urgent action is needed to address the fines system for breaching the targets.

Companies face financial penalties of up to £15,000 a car for missing the targets.

Bosses warns this could divert vital investment away from new vehicles and technology in the UK.

Nissan told the Government that failure to change it EV targets could result in “a potentially irreversible impact on the UK automotive sector”.

The Japanese firm was one of a number of carmakers that took part in an industry-wide meeting with Cabinet members and other officials on the transition to EVs.




As the meeting took place, Ford announced it was shedding up to 4,000 more jobs, including hundreds in the UK, as it struggles with slowing demand for electric vehicles and fierce competition with Chinese rivals.

Nissan said that despite discounting to drive up business this year, the Society of Motor Manufacturers and Traders (SMMT) predicts EV sales will only reach 18.5 per cent of the total market.

The 2024 target under the Zero Emission Vehicle (ZEV) Mandate is 22 per cent, and this will rise to 28 per cent next year.

“Missing the target will result in significant fines for manufacturers unless credits are purchased from EV-only brands – none of which manufacture in the UK, meaning the UK automotive industry will effectively be subsidising EV sectors in other countries, at the expense of investment in Britain,” the company warned.

Nissan, which is investing heavily in electric vehicles at its plant near Sunderland, called for more flexibility and a two-year “monitoring period” that would protect the industry from “potentially devastating” fines for missing EV targets.

Guillaume Cartier, Nissan’s Europe boss, said the company had consistently supported the aims of the UK’s ZEV Mandate and have been working towards a fully electric future since the first Nissan LEAF model arrived in 2010.

The Japanese carmaker said it was proud to call the UK home, employing more than 7,000 people who design, engineer and build vehicles in Britain for customers across Europe and the world, contributing more than £2bn per year to the UK economy though wages, UK-built parts and services.

But Mr Cartier warned: “The mandate risks undermining the business case for manufacturing cars in the UK, and the viability of thousands of jobs and billions of pounds in investment. We now need to see urgent action from the Government by the end of the year to avoid a potentially irreversible impact on the UK automotive sector.”

Ministers were told that Nissan was the biggest UK carmaker through its Sunderland plant and its international design and research and development centres in London and Bedfordshire. Three new EVs models have already been announced for UK production.

Further investments in battery recycling, skills training and and vehicle-to-grid technology are also in progress to help realise “a sustainable, fully-electric future.”


Mike Hawes, chief executive of the SMMT, said: “A strong market and manufacturing base that sustains jobs and drives growth requires workable regulation backed by support for consumers – fiscal incentives and confidence that the charging network will be there when it is needed.

“We will now work urgently with government to identify any adjustments necessary to help the industry and government meet their targets, instilling confidence in the consumer and other stakeholders, all of whom are part of this transition.”

Manufacturers have been set these targets for sales of zero-emission vehicles (ZEVs). They face fines for every non-compliant vehicle sold.

22 per cent sales share of ZEVs in 2024
28 per cent in 2025
33 per cent in 2026
38 per cent in 2027
52 per cent in 2028
66 per cent in 2029
80 per cent in 2030

A Government spokesman said: “Recognising the global challenges the industry has been facing, ministers underlined the Government’s commitment to working constructively and in close partnership with the sector as we support the transition to electric vehicles by 2030.

“The UK automotive sector now has the fastest growth of zero emission vehicles of any major European market, and we’re providing more than £2.3bn to support industry and consumers in making the switch, with 57 new public electric vehicle chargers added on average each day.”


inews.co.uk

[adrian j boris] 21/11/2024 15:09

Swiss Tony
21 Nov '24 - 09:31 - 12362 of 12362
0 0 0
Yeah, let's try to make out like everyone else is struggling because we are.
Grow up. Long and hurting, another clown....

Sadly,many are struggling,not just a sector thing

[swiss tony] 21/11/2024 09:31

Yeah, let's try to make out like everyone else is struggling because we are.
Grow up. Long and hurting, another clown....

dealy - 30 Oct 2024 - 15:22:20 - 12328 of 12362 Aston Martin - AML
The long-term business plan is in tact. Shorts were probably speculating on a new profit warning and / or equity raise. No sign of that. Probably it will claw its way back up to 150p

[dealy] 20/11/2024 16:37

lots of small / mid cap stocks hit new multi year lows today. Looks like fund liquidations

[swiss tony] 20/11/2024 08:51

I think it's becoming more apparent why Warren Buffet has a record amount in cash right now.
Inflation will spike again, the world looks shaky and valuations are sky high.
Treasuries/gilts looking the safe bet.

[dancing piranha] 19/11/2024 16:58

tom,

I agree, I sold RR. after the TU. on the 7th.

I only hold EZJ now, for the FY on the 27th, then I'm totally out of UK listed stocks.