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I guess they could always sell another 20-25% to merk or someone else, if they have any stake left. !!!!
then it wouldn't look like another cash raise ??????
But we all know it cannot carry on like this for long.
Aston Martin Lagonda Global Holdings reported another large cash outflow for the first quarter and investors will likely remain on the sidelines as long as its cash flows stay in the red, Citi analysts say in a research note. The British luxury-car maker reported first-quarter results that missed expectations at both the top and bottom lines as it continues to prepare for new model launches this year, Citi says. A swing to a positive free cash flow on the back of a more solid and sustained cycle of new products remains the key indicator to look out for, and reaching this milestone could attract new investors to Aston Martin's recovery story, Citi says. Shares fall 7.4% to 137.20 pence. (adria.calatayud@wsj.com)
THEY HAVE £229m cash available, the rest of the cash balance is actually debt/loans from banks.
Look at the reasons they raised cash in the past, to "cover all liabilities". Revolving credit facility is a liability.
Why do you find this so difficult to understand. You're either a paid poster trying obfuscate, or just stupid... Which one?
Jed, they have £395 Million available, so no cash needed.
And of course Ferrari nearly went under twice ...
A bit like tesla was then ....it's all about timescales and managing exposure. Hence why I never invested until this week. I remain positive but time will tell.
The last raise was announced at £4.40 and new shares were placed at £1.03.
The share price today is £1.37 and market cap £1.3bn, slightly above the net debt.
If they wanted to raise 500m with 4-1 offer, the offer price would be circa 35p.
It must be 3-4-5 times over the last 10 years and no matter who takes it over or how much they keep raising to situation doesn't seem to change.
There must be another £500m raise coming very soon in my view at what price 99p ?
You're an idiot, the cash levels are screaming "cash raise imminent" and you buy shares.
Stille = Noah, and they bought in a few months ago, now down on their gamble they pretend to "see value" in today's share price.
Don't trust a word of it.
The financial situation looks awful. However, have stuck my toes in here again because I do believe the brand value is greater than the net debt.
Https://www.ft.com/content/e940dbf7-6021-482a-9c23-f3ae3f905731
Philippe Houchois, an automotive analyst at Jefferies, said the company was going through a “painful transition”, with a similar performance expected in the coming quarter as well.
Barclays analyst Henning Cosman said the business required “a fairly extreme hockey stick” in the second half of the year to hit its targets.
"The company spent £80mn on financing expenses in the first three months of the year, related to changes in the US dollar exchange rate and fees from paying back some of the refinanced debt early."
Https://www.ft.com/content/e940dbf7-6021-482a-9c23-f3ae3f905731
My green bars tell me that someone is really, really triggered this morning..excellent fun... I console myself however with the thought that everyone has an agenda either long or short BUT no one, no one does anything like they do out of human kindness .... LOL
Total cash is misleading imho, £170m of that is a liability thats needs paid back with interest.
So cash is 229m.
Well below what they need as a going concern in 3/4 months time. Another 3 months of huge cash burn getting new models ready and they will DEFINITELY need more money.
Are you going to hold and wait for that cash raise?
Cash balance now
229.6 from 407.8
Available facilities
165.6 from 53.0
Total cash and available facilities
395.2 from 460.8
He wasn't on the call it was the CFO and he did well IMO
Well, looks like I should have sold everything, could have got a huge chunk of shares at these prices.
In fairness Lawrence Stroll is a terrible speaker, I wouldn't put him in front of live questions.
395m available, but 170m of that is revolving credit. Which is a glorified bank loan, ie debt.
Whats so difficult to understand about that Chesil?
In their right mind buys those numbers, busted flush…
Beachfront, they have 395 million available?
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