The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Beachfront, yup, 4 months cash left, includig the revolving credit facility, which is debt, not cash.
Imagine how much they are going to have to spend on all new cars, inc DBX/Vantage/Vanquish when the DB12 had so many problems.
Cash raise within 2 months now, almost definitely.
At this rate of churn, got 4 months cash remaining. Profits and orders down significantly, all the cash pumped in has gone, survival looks uncertain yet again.
I've written off my large losses here. In originally @ 1620. Even worse than capita!
They said FCF positive in 2023, then repeat it every results day...
"In 6 months, we'll be FCF positive..." Promise!!!!
Next entry down will be from around £1.14 to £1.19. There's more to drop from these current levels. Deadcatbounce
Also reiterated FCF positive infliction point second half of this year numerous times to question.
Presentation going well so far the CFO is on the mark on every question with no bluster ... clearly media reporting of testing the new models will be key over the next month, that is my first benchmark.
C2645sg
How many AML shares do you own?
AML007 said the new debt would repay all the old debt.
Remember this EVERY TIME he tells you something in the future.
NOT to be trusted 100%.
80m spent on financing expenses, and the debt interest is MORE than it was last year.
Ratings agencies have been done by Stroll, they might reverse their stance now debt is up and cash is well down.
FT:
Losses at Aston Martin widened by almost 90 per cent in the first three months of the year, after a sharp decline in sales of its SUV and higher interest costs after refinancing its debt.
Pre-tax losses were £138.8mn compared to £74.2mn a year earlier, while revenues fell 10 per cent to £267.7mn and car sales fell by a quarter to 945.
The company spent £80mn on financing expenses, related to changes in the US dollar and fees from paying back some of its debt early. Net debt rose to £1bn, from £868mn a year earlier.
No sign of Stroll, tells you all you need to know. Dodging the questions.
What a charlatan.
I hope you all voted against him, the guy is treating AML like a football team.
Load it full of debt and take out everything you need.
Cash balance £229m, thats a LOT of cash burned though in Q1, even worse than I thought. Down from £392.4m 3 months ago = £163m BURNED in 3 MONTHS!!!!!
Cash raise imminent.
26% decline in sales
10% decline in revenue
NET DEBT UP 20% from 868m to 1044m!!!!!!
UK sales down 30%
US sales down 35%
SUV SALES DOWN 63%.
Loss after tax DOUBLES from Q1 last year (2023)
FCF OUTFLOW DOUBLES from Q1 last year from 118 to 190m.
one hundred and nighty million burned through in 3 months!!!!!
£229 cash left, you know why they had to extended the revolving credit facility (more debt) by £100m, because they are going to need every penny of it.
Cash balance £229m, thats a LOT of cash burned though in Q1, even worse than I thought. Down from £392.4m 3 months ago = £163m BURNED in 3 MONTHS!!!!!
Cash raise imminent.
26% decline in sales
10% decline in revenue
NET DEBT UP 20% from 868m to 1044m!!!!!!
UK sales down 30%
US sales down 35%
SUV SALES DOWN 63%.
Loss after tax DOUBLES from Q1 last year (2023)
FCF OUTFLOW DOUBLES from Q1 last year from 118 to 190m.
one hundred and nighty million burned through in 3 months!!!!!
£229 cash left, you know why they had to extended the revolving credit facility (more debt) by £100m, because they are going to need every penny of it.
Easy to sell £1 coins for 50p though..
Nice noise but it's profits that count.
I had a new one for 3.5 years until recently - they take the absolute p155, they lose a small bank of potential clients forever. Then left with a shrinking field of people yet to be made fools of....
It's a long game investing. I am more than happy to make decisions on rational thinking not emotional trading. Let the rants rant away I am interested in the presentation first and take it from there.
Chairman Lawrence Stroll said: “2024 is a year of immense product transformation at Aston Martin, with the introduction of four new models to the market before the end of the year.
“Our first quarter performance reflects this expected period of transition, as we ceased production and delivery of our outgoing core models ahead of the ramp up in production of the new Vantage, upgraded DBX707 and our upcoming V12 flagship sports car which we’ve confirmed today.
https://www.cityam.com/aston-martin-losses-rise-more-than-forecast-ahead-of-production-ramp-up/
1.33 will seem a long way off later - not in a good way if you're long.
Massacred.
Can't wait to hear Stroll today, get the kettle on Larry.
You lose money because you ignore the people who know what they are talking about and listen to idiots instead.
If it breaks 145p support, then it's heading to £1.
The Aston Martin Groundhog, coming to a showroom near you soon.
Doing the same things in the same way and thinking it will be different next time - and will maybe turn out ok in the end.
The men behind the business and the shareholders, making their own version of "One Flew over The Cuckoos Nest"
395m in cash INCLUDES a 170m revolving credit facility, that's DEBT THAT NEEDS PAID OFF.
Cash in hand is only £225m
What the market thinks. The figures are below market consensus for the quarter so it could be bumpy. That said second tranche at the ready once we have a base line price. Looking forward to the presentation also.
Judging by the amount green bars on my feed someone not invested got up early again...the good thing is I don't have to read it between other comments.
£1 billion in debt, crikey pleased that I jumped ship on this years ago and took a profit.
Personally better businesses to invest in elsewhere IMO (LSE)
Best of luck to all LTH
Also cash available of 395 million suggests there isn’t any liquidity issue.
Agreed, pretty much inline with the lower consensus.