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Nice 3 million buy and a 1 million buy tonight after hours.
Look up Jjtrader posts.
What do you think the master plan is? I am intrigued!
Picciotto was first appointment Stroll made April 20….a friend and neighbour in Gstaad
Guess that was before your time here!
Suspect DAI master plan working perfectly….
Thanks Stille,
I didn't do any DD on Mr P because he seemed a fringe player. I don't pay attention to non-exec directors much.
If the price drops below 12.80 they have to start paying Merc in cash rather than shares.
Amazing that some people still think there are more buys than sells when the price is heading downward most days.
Nice! I don't think I'd let Paddy loose on it if were my car though. I think I'd need anaesthetising first, never mind a stiff drink LOL.
Sneak preview for you carpy
https://www.topgear.com/car-news/top-gear-tv/new-top-gear-ginetta-delorean-and-aston-martin-victor
Well said carpy, long and strong. It's all about the next few years not the next few months.
C26, as you well know, your posts appreciated. Therefore slightly surprised you had not done DD on Picciotto.
What happens to SP if falls below the magic £12.80?
Oe of them has 2000 shares and another 4000, hardly a huge endorsement.
Bond debt comes off in December, that will be interesting.
As will the price flirting around £12.80 with the Merc deal in place.
They are due their 10% of the company in 'early 2022'.
There are certainly more buying than selling at these prices. In the last 3 weeks there have been 6, that is SIX buys by directors. If that isn't a vote of confidence, I don't know what is. People have to think about yesterday"s developments and decide...did Gregor go for personal reasons or because he knows the company is failing. Think about all the news that keeps coming out...New cars on the horizon...Only Wed we heard about the V12 vantage which is certain to be another sell out. We have a solid plan in place which means in less than 2 years all our core vehicles will have been replaced with new models and we have a continuous stream of high revenue specials running alongside core vehicles. DBX will also have several derivatives. Our revenue is set to take off in 2023. I still believe the plan is on track.
So..........keep buying yeah?
-CFO resigns after 18 months.
-Sports/GT cars sales collapse: Half what they were in 2019, pre-pandemic.
-Current court case could lead to bankruptcy : Stroll rips up Nebula agreement over Valkyrie/Valhalla/Vanquish royalties.
https://www.telegraph.co.uk/business/2021/11/03/aston-martins-billionaire-owner-head-on-collision-super-rich/
https://www.ft.com/content/3ed6a859-ad69-4b0c-b57d-3c580e9613e6
-Gross debt of £1.3bn, costing £165m per year in interest. Bondholders are undisclosed, but making 10.5% to 15% per annum, doubling their cash in 5 years)
-Operating losses of £250+ million this year. YTD 9 months = £188m loss.
-Still burning through cash…. £60m burned between 25th Feb and 28th July 2021( £144m per annum)
-St Athan (DBX production) running at 40% capacity, laid off 1/3 of the workforce.
-AML capitalise 95% of R&D when majority of other car companies are less than 40%, so shares anything but undervalued.
https://www.ft.com/content/a9a73b9c-ae9d-11e8-8d14-6f049d06439c
"Concerns have focused on some of the carmaker’s racier accounting policies. For instance, it capitalises much of its R&D expenditure, amortising this over the expected life of each model it makes.”
-Valkyrie production handed over to Mulltimatic. Moers admits 6 weeks to build 1 carbon fibre tub therefore 40 produced per year. 260 orders = 6.5 years to build them all.
https://karenable.com/analysis-of-aston-martins-q3-2021-results/.
-Cannot generate enough cashflow to pay interest on debt never mind pay off debt.
-Operating Profit, Free Cash Flow, and Net Debt heading in the wrong direction,
-Loading dealers with DBX models to inflate wholesales, refusing to publish 'retail sales' to obfuscate demand.
-Stroll promises 10,000 sales, 2bn revenue, 500m ebitda by 2024/25 (which is almost double the sales & revenue 2 years from now) Minus D&A of >£300m (so let’s say 325m), minus interest of £165m = £10m profit, but based on no royalty payments from Valkyrie/Valhalla/Vanquish (courts decide)
-Stroll suing company who sell 20% of all AML’s limited edition cars through their St Gallen dealership, and have an agreement in place to fund Valkyrie project, costs to be recouped on Valkyrie, Valhalla and Vanquish royalties, so you can pretty much say goodbye to a decent portion of the £10m profits above)
-Agreement with Merc until 2027, but Moers refuses to answer analysts if AML will receive the MBUX infotainment or Mercedes AMG EA (high performance electric powertrain) technology .
- Stroll raising hundreds of millions for F1 team via the brandname of Aston Martin. As CEO of AML, he should have our best interests at heart, not F1 and his son. F1 should be paying us for the use of the brand, not the other way round
Fundraising:
£150m 2019
£540m in Feb/March 2020
£75m loan from Stroll to see the business through to the rights issue
£100m credit line opened March 2020
£190m rights issue June '20
$68m bonds @ 12% June '20
£125m equity release Oct '20
$107
Top Gear at 8pm Sunday...reviews the Aston Martin Victor :-))
Just seen your post tiger and made the connection on Google. You're right, we don't want Picciotto as our CFO.
The magics man was right! £14,10! Ha ha. The buy now happens. Bigs money profit. Think Swizzle toney is banded which is bad. Want cloth brain man to accepty I know thing
Wow, so he was!
Beware Picciotto, he was involved with Bernie Madoff.
C2645
Have you sold your shares?
GT4Racer, his last speech... to staff at Gaydon?
Maybe Michael de Picciotto fancies the job for himself LOL. His CV seems to fit the job description.
I agree TinyPie. Picciotto has bought another 25,000 shares today at £13.99. I'm not having it that he would buy again today without knowing the reason for Gregors resignation. And if he does know, then the reason clearly is not due to the company failing. We're never going to know the real reason, all we can do is speculate. Looking at Gregor next to his colleagues on the video the other day, I actually thought how he seemed to stand out from the others personality wise. They all seem very hard nosed businessmen who wouln't take any sh_t off anyone whereas he seems more like someone you would expect to meet behind a desk at your local bank. My guess is that he didn't fit in with Stroll and Moers management style. He's probably not been happy in his job for 18 months and has simply had enough. We all knew about Moers reputation before he arrived...its very unpleasant if you don't get on with your boss regardless of your pay grade. That's my guess at what has forced him out but I may be a million miles off.
Picciotto buying more in another rns. Lots of surport at this price.
Nice opportunity to buy more. Long term hold.
Have you sold all your shares?
If not, why not?