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Can anyone else buy?
I got another £2k, but that was all. Anyone been able to buy a decent quantity this morning?
Yeah yeah, I topped up.
RNS out to cut costs, this will end up blue.
The gap is at 58p not 52. On 1 day chart. And been filled.
52p is coming, there's a huge gap to fill.
The problem is the way the media portray the story "CORONAVIRUS: ASTON MARTIN CUT 500 JOBS AS CRISIS TAKES TOLL ON CAR MARKET"
Yep, fill yer boots time, this'll bounce well.....IMO
Wasn’t expecting the drop, good time to top up...
Live data shows 64 now, so you'll get your wish :)
Thinking of topping up...Could we say it go pre 65...? i think I will wait a bit
Same here Parkz, that would be buy time for me...…
I am topping up under 65p.
Agree entirely Noobz.
It’s always sad but I think it will give people some confidence on how they will manage the debt which is the biggest thing holding them back at the moment with cost reduction and models soon to roll out this news can only be good for sp
WG - HOLD THOSE GOLDEN TICKETS!!!!
Personally think new buy ins will lift it, but there might be DTs that pull her down a penny or two first.
Don't like the news, but positive action.
Nothing from WG, guessing a ban. He's missed on here.
RBM- maybe but I’m guessing they will be a little retrace due to people day trading. I can always come back across in here though for sure, or maybe even sell just half of my holding.
Anyone came across WG since RBM or is that him banned from the boards?
Investor, think this will actually be well received by the markets. Not nice news, but needed.
Morning all, that’s me cashing in this morning and going all in TLW. I’m already heavily invested across there at the moment. Momentum has swung and we are on an upward trend now. I’ll keep popping on here to see if white ghost is around still. Was looking forward to meeting up At the races with him at some Point. Also some very good posters on this board. Good luck to everyone who’s in long term but for now that’s me. Gla
Seatbelts please.
Ignition at 0800 - prompt.
JT
Shorts - please assemble close to the rocket exhaust...................
Well, this isn't what was expected, but good decisive action. Unfortunately, it had to happen.
Aston Martin Lagonda Global Hld PLC Actions on costs to deliver the strategic plan
04/06/2020 7:00am
UK Regulatory (RNS & others)
Aston Martin Lagonda Glo... (LSE:AML)
Intraday Stock Chart
Thursday 4 June 2020
Click Here for more Aston Martin Lagonda Glo... Charts.
TIDMAML
RNS Number : 8908O
Aston Martin Lagonda Global Hld PLC
04 June 2020
4 June 2020
Aston Martin Lagonda Global Holdings plc
Actions on costs to deliver the strategic plan
Aston Martin Lagonda (Aston Martin or the "Company") today updates on actions to improve the cost efficiency of the business, in alignment with its strategic plan to deliver profitable growth, operating as a true luxury car brand.
As communicated previously, the plan requires a fundamental reset which includes a planned reduction in front-engined sports car production to rebalance supply to demand. The Company's first SUV, DBX, remains on track for deliveries in the summer and has a strong order book. The measures announced today will right-size the organisational structure and bring the cost base into line with reduced sports car production levels, consistent with restoring profitability.
Aston Martin will shortly launch a consultation process on proposals to reduce employee numbers by up to 500, reflecting lower than originally planned production volumes and improved productivity across the business. The employee and Trade Union consultation process will be launched in the coming days.
Aston Martin continues to take decisive action in other areas to reduce cost and remove non-critical expenditure from the business at every level including in areas such as contractor numbers, site footprint, marketing and travel.
The restructuring is expected to deliver, on an annualised basis:
-- Incremental operating cost savings of c.GBP10m (in addition to the c.GBP10m announced on 31 January 2020);
-- Reduced direct manufacturing costs in line with volumes (c.GBP8m); and
-- Reduced capital expenditure (c.GBP10m).
The associated cash restructuring costs are expected to be c.GBP12m in 2020.
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Price: 68.85
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RE: Where's the RNS?
Today 06:51
Thanks RBM