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Morning C26,
My selling button is broken and you won’t have my shares.
That shown c26 trying get your shares (by gettin nervousness to press sell button)
Other important C26 has removed his posts (one of them - - see below) and admit to be holding for 2k£.
Please make decision by yourself (DYOR) not from C26.
c2645sg
Posts: 1,103
Price: 1,405.50
No Opinion
RE: V12 vantage out March 2022Today 16:09
Another £1.3m/100k shares sold at midday again today.
I had a limit order in for £13.50 for £2k, just to see what the MM's do with it. The price spiked down at 15.55, not even touching 13.50 on the bid, and triggered my limit order, haha.
That's how desperate the MMs for any buys with this huge seller around
Charles decide ask Q again (page 15)
Charles Coldicott (Redburn): Thank you. Just a couple of follow ups actually. Firstly, on the Valkyrie Spider, I was wondering was there any negative reaction from customers over the normal Valkyrie because presumably they weren’t aware that there will be another 85 units of the new variant when they place their original order? And then maybe a longer term question on the hypercar market generally. Do you see any risk of a bubble because it seems like you have increased your numbers of Valkyrie AMR Pros, Valhallas that you plan to produce and you’ve got similar things happening at Lamborghini and Ferrari as well. Is there a limit to demand for hypercars, clearly not at the moment, because the Spider for example is oversubscribed. But are we anywhere near the limit? And then the other thing I want to ask about, coming back to Formula One. Can you just talk to us a little bit more about the option you have to purchase a stake in the F1 team? And I know it’s not on your radar right now, but could you one day see yourself becoming a full F1 team, and I suppose like Ferrari does, developing innovations in the F1 car that eventually go into the road cars?
Tobias Moers: Okay. Valkyrie, yeah, sometimes you get a call from a customer asking why you’re doing that. And sometimes you end up with these customers that they’re going to buy a Spider as well. That’s exactly what has happened, because in the very first instance we called all the 150 coupe customers and told them we’re going to do a Spider. Yes, probably we didn’t tell you that at very first instance, but this is kind of business in that hypercar segment.
And we ended up that many, I don’t know of the share at the moment, but I think it’s 30% or so of the Spider are now bought by coupe customers as well to get a collection, similar with the track. So, the track cars are almost bought by customers owning or buying a coupe as well. Is there a hype?
Yeah, Spider at the moment is oversubscribed. We’re just closing the final contract with all the customers. You cannot do that every two years. You need to settle it down and Valhalla is a totally different level. Valhalla is in the 700k kind of ballpark, euro, 1,000k, so that’s a different car. That’s not a 2 million pound car. You have to be careful, and we monitor that market quite closely and we know a bit the dynamic on that market.
Formula One, I think there is a need probably that we have a long-lasting relationship with the Formula One team, which is a bit more substantial and more forward-thinking, and we are creative on that. But buying shares or something like that is not on the radar screen at the moment.
Charles Coldicott: Thank you.
timing of the spend and when we expect …
CapEx, no, there’s no change to the product plan overall. The rephasing is just a question of the timing of the spend and when we expect to make commitments on supplier engineering and supplier tooling, which is coming a little bit later than we originally forecasted and I’m fully expecting that to retime into 2022, but no change to the product plan.
Tobias Moers: No, there is no delay, there is no nothing; everything is on track.
Charles Coldicott: Great and thank you for that. And just to come back to the core range into Q4. The reason for the pick-up, is it just the seasonality of the business and, if so, why’s that? And is it more to do with the mild hybrid?
Tobias Moers: No, we had a summer break this year as well, a planned two weeks. So, this is normal – before the company tried to cover this with creating more wholesales before the shutdown, we don’t do this. It’s just normal seasonality that we face at the moment.
Charles Coldicott: Great, thank you.
Look like no one answer your question….
That different subject.
Valid point - about Valkyrie, I believe Moers has answer this question. (Look QA)
Whether 1 or 100…. (Moers has achieved increased the MARGIN)
Charles Coldicott (Redburn): Yeah. Good morning everyone, it’s Charlie from Redburn. Thank you for taking my questions. I’ve got two, please. My first question is on your level of confidence in the full-year guidance. Obviously, the Valkyrie is pivotal, so can you tell us how many complete vehicles you have ready for delivery, and maybe also can you comment on the pace that you can produce the Valkyries at; maybe, for instance, how many per week? Then on the core range you had this decrease in wholesales between Q3 and Q2 because of the work being done on the assembly lines, and obviously you now need a big step up in Q4. I know you don’t disclose your retail sales anymore, but perhaps to reassure about the level of demand could you comment on the retail sales in Q3; was the quarter-on-quarter change in retail sales less than the decrease in wholesales, for instance? And maybe give us an idea of what would drive an increase in the core range going into Q4.
And then my second question on the CapEx rephasing. Have there been any projects that have been delayed or is there another explanation for the CapEx being rephased into 2022? Thank you.
Tobias Moers: I’ll take your Valkyrie question. Valkyrie, we’re chasing to have a double-digit number delivered this year, and accompanying that, we have a parallel assembly of the track- only Valkyrie as well, where we chase for a single-digit number to deliver to customers. The good side of that story is it’s unbelievable that we achieved this momentum. The cars are in the assembly line. It’s a specific assembly, it’s one of the most complex cars I have ever seen in my life to assemble; it’s like building Formula One cars on an assembly line. We’re confident that we achieved that, and this is where we are at the moment. And, you know, just building the tub for the Valkyrie is a six-week lead time, so you cannot just increase the capacity because you have a limited capacity all over the place with manufacturers. So, the maximum that we can probably achieve next year is three cars a week. So, we’re increasing our capacity and ramp-up, but it’s not a normal ramp-up of a car production. So, most of the Valkyrie is, anyway, linked to 2022, and then after Valkyrie coupe we move Valkyrie Spider into that assembly line. That’s not a big problem.
Kenneth Gregor: Thanks Tobias. Just taking your other couple of points on retails, retails in Q3 were a little bit ahead of wholesales, which was good to see, and that’s also the case year- to-date. So, we’re happy with the development of retails internally. Although we don’t disclose the numbers externally, internally we pay very close attention to that.
CapEx, no, there’s no change to the product plan overall. The rephasing is just a question of the tim
So let’s be super positive and say AML manage to get 10 Valkyries delivered this year.
That’s 39 short of official estimates... at an average of £3m each that’s £117m short for 2021 earnings.
They have a massive bill for half the bond interest @ circa £82.5million during Q4.
(Q3 2021 was a c £97.9m loss)
Answers on a postcard (everyone except Noah) how they are going to afford to pay that?
C26, 17.57. (There math show you….. % (not margin… but different it good one)
https://www.youtube.com/watch?v=jEFJDz5SkbE
C26, 18.54pm.
Page 11
Thomas Besson: Okay. Thank you. And one last question about Formula One. Could you remind us the exact relationship in terms of who pays what and what kind of use you can have from your participation in Formula One? Because there have been some very positive comments from Lawrence Stroll on the impact of using the Aston Martin environment. Could you remind us who is paying what in terms of contract-ship and what your company is getting from it?
Tobias Moers: Okay. I’ll come back to that point. That’s always a very good question because there is some of misunderstandings out there. The Formula One business is a different ownership. That’s a different legal entity and it’s almost entirely privately owned by Lawrence and his consortium. So that’s a private company.
We have a relationship with that company in a naming rights agreement or put it as a sponsorship agreement. What we pay them is a bit north of £20 million a year but it is a similar amount Aston Martin used to pay to Red Bull as a sponsorship agreement. Back in the days it was a Red Bull racing around the track. Now it’s an Aston Martin racing around the track with the similar amount of spend, which is really very reasonable amount of money to get a full-fledged works team.
And it plays off in every perspective. Over the course of a weekend Formula One you see more traffic on configurator. You see more traffic on the website. We are more on media. Aston Martin has – and we see –on the marketplaces is related to that Formula One engagement.
And it makes something of the brand as well. We are getting sportier. We’ve got Formula One addition of Vantage and this is the highest retail packed order intake that we have achieved at the moment. It’s north of 50% of retail orders, 60% kind of that way. It depends on the region. And this is a not discounted.
We did all the events and service stores where we unveiled the Valhalla which was over the course of the Formula One. Just back in Austin, one of the last races, we met, I think, more than 100 or 150 customers. We showed the Valhalla there. And yeah, it pays off for us really good. It’s a win-win situation for everybody. Same as Youtube.
The big question were all wondering is how they pick the order of taking turns on you c26 at the karenable Christmas party? Do they pick names out of a hat or is it like a management decision?
It’s a staged video. With permission to film.
You know this already though.
Spin it as you want, you always will.
1.36 million followers watching him NOT buy it, haha.
Actually,
That’s why you post on here everyday, guess you have access to number of views on LSE.
Negative gets a better reaction.
1.36 million followers.
I would want to showcase as many cars as I could for exposure.
Empty for you?
Marketing not your strong point.
https://www.youtube.com/watch?v=zH1ma0Kwy2Y&ab_channel=MannyKhoshbin
Customer: "When's my Valkyrie coming?"
AML:"Did you hear about the new Vantage?"
See how many DBXs you can see on the forecourt in this video. Built to order, haha.
Charles decide ask Q again (page 15)
Charles Coldicott (Redburn): Thank you. Just a couple of follow ups actually. Firstly, on the Valkyrie Spider, I was wondering was there any negative reaction from customers over the normal Valkyrie because presumably they weren’t aware that there will be another 85 units of the new variant when they place their original order? And then maybe a longer term question on the hypercar market generally. Do you see any risk of a bubble because it seems like you have increased your numbers of Valkyrie AMR Pros, Valhallas that you plan to produce and you’ve got similar things happening at Lamborghini and Ferrari as well. Is there a limit to demand for hypercars, clearly not at the moment, because the Spider for example is oversubscribed. But are we anywhere near the limit? And then the other thing I want to ask about, coming back to Formula One. Can you just talk to us a little bit more about the option you have to purchase a stake in the F1 team? And I know it’s not on your radar right now, but could you one day see yourself becoming a full F1 team, and I suppose like Ferrari does, developing innovations in the F1 car that eventually go into the road cars?
Tobias Moers: Okay. Valkyrie, yeah, sometimes you get a call from a customer asking why you’re doing that. And sometimes you end up with these customers that they’re going to buy a Spider as well. That’s exactly what has happened, because in the very first instance we called all the 150 coupe customers and told them we’re going to do a Spider. Yes, probably we didn’t tell you that at very first instance, but this is kind of business in that hypercar segment.
And we ended up that many, I don’t know of the share at the moment, but I think it’s 30% or so of the Spider are now bought by coupe customers as well to get a collection, similar with the track. So, the track cars are almost bought by customers owning or buying a coupe as well. Is there a hype?
Yeah, Spider at the moment is oversubscribed. We’re just closing the final contract with all the customers. You cannot do that every two years. You need to settle it down and Valhalla is a totally different level. Valhalla is in the 700k kind of ballpark, euro, 1,000k, so that’s a different car. That’s not a 2 million pound car. You have to be careful, and we monitor that market quite closely and we know a bit the dynamic on that market.
Formula One, I think there is a need probably that we have a long-lasting relationship with the Formula One team, which is a bit more substantial and more forward-thinking, and we are creative on that. But buying shares or something like that is not on the radar screen at the moment.
Charles Coldicott: Thank you.
Con’t
CapEx, no, there’s no change to the product plan overall. The rephasing is just a question of the timing of the spend and when we expect to make commitments on supplier engineering and supplier tooling, which is coming a little bit later than we originally forecasted and I’m fully expecting that to retime into 2022, but no change to the product plan.
Tobias Moers: No, there is no delay, there is no nothing; everything is on track.
Charles Coldicott: Great and thank you for that. And just to come back to the core range into Q4. The reason for the pick-up, is it just the seasonality of the business and, if so, why’s that? And is it more to do with the mild hybrid?
Tobias Moers: No, we had a summer break this year as well, a planned two weeks. So, this is normal – before the company tried to cover this with creating more wholesales before the shutdown, we don’t do this. It’s just normal seasonality that we face at the moment.
Charles Coldicott: Great, thank you.
That different subject.
Valid point - about Valkyrie, I believe Moers has answer this question. (Look QA)
Whether 1 or 100…. (Moers has achieved increased the MARGIN)
Charles Coldicott (Redburn): Yeah. Good morning everyone, it’s Charlie from Redburn. Thank you for taking my questions. I’ve got two, please. My first question is on your level of confidence in the full-year guidance. Obviously, the Valkyrie is pivotal, so can you tell us how many complete vehicles you have ready for delivery, and maybe also can you comment on the pace that you can produce the Valkyries at; maybe, for instance, how many per week? Then on the core range you had this decrease in wholesales between Q3 and Q2 because of the work being done on the assembly lines, and obviously you now need a big step up in Q4. I know you don’t disclose your retail sales anymore, but perhaps to reassure about the level of demand could you comment on the retail sales in Q3; was the quarter-on-quarter change in retail sales less than the decrease in wholesales, for instance? And maybe give us an idea of what would drive an increase in the core range going into Q4.
And then my second question on the CapEx rephasing. Have there been any projects that have been delayed or is there another explanation for the CapEx being rephased into 2022? Thank you.
Tobias Moers: I’ll take your Valkyrie question. Valkyrie, we’re chasing to have a double-digit number delivered this year, and accompanying that, we have a parallel assembly of the track- only Valkyrie as well, where we chase for a single-digit number to deliver to customers. The good side of that story is it’s unbelievable that we achieved this momentum. The cars are in the assembly line. It’s a specific assembly, it’s one of the most complex cars I have ever seen in my life to assemble; it’s like building Formula One cars on an assembly line. We’re confident that we achieved that, and this is where we are at the moment. And, you know, just building the tub for the Valkyrie is a six-week lead time, so you cannot just increase the capacity because you have a limited capacity all over the place with manufacturers. So, the maximum that we can probably achieve next year is three cars a week. So, we’re increasing our capacity and ramp-up, but it’s not a normal ramp-up of a car production. So, most of the Valkyrie is, anyway, linked to 2022, and then after Valkyrie coupe we move Valkyrie Spider into that assembly line. That’s not a big problem.
Kenneth Gregor: Thanks Tobias. Just taking your other couple of points on retails, retails in Q3 were a little bit ahead of wholesales, which was good to see, and that’s also the case year- to-date. So, we’re happy with the development of retails internally. Although we don’t disclose the numbers externally, internally we pay very close attention to that.
CapEx, no, there’s no change to the product plan overall. The rephasing is just a question of the timing of the spend and when we expect to ma
So let’s be super positive and say AML manage to get 10 Valkyries delivered this year.
That’s 39 short of official estimates... at an average of £3m each that’s £117m short for 2021 earnings.
They have a massive bill for half the bond interest @ circa £82.5million during Q4.
(Q3 2021 was a c £97.9m loss)
Answers on a postcard (everyone except Noah) how they are going to afford to pay that?
Ok fair enough.
I was told at (wild rabbit pub).
Just don’t believe me then, I don’t mind.
Ok, I was lie in your option. Fine.
Just Woooooooooow.
Absolutely and utterly incredulous, I'll let someone else explain to you how ridiculous your rationale is.
Wise men speak when they have something to say, fools speak because they have to say something.
https://amsc-prod-cd.azureedge.net/-/media/corporate/documents/results-centre/2021---results-centre/q3---2021/aston-martin-lagonda-q3-2021-results---transcript.pdf?rev=6870e8eff462422796c98308a981a080
Page 4 - Moers can answer your question… look very bottom page 4.
More and less, yes.
In theory, that supposed not how worked but they found % margin use for bond apparently.
While the Valkyrie is a limited-run special model that will sell in low volumes, analysts have described the vehicle as pivotal to the company’s year-end earnings. Bloomberg Intelligence was expecting the company to deliver 49 units this year, and estimates that each Valkyrie sale makes the same earnings contribution as 21 Vantage V8 models.