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Bleating about a marginal drop in sales of a run out model (DBX)?!??
You really are clutching at straws.
The Q1 don’t include new Vantage, new DBS or revised DBX or new Volantes.
What dribble will you be coming out with at Q2, Q3 or end of year????
I wonder will you have jogged on by then?
Kurdishdream It's worth reading the annual report published yesterday, it gives some answers to the question around retail/wholesale numbers.
I posted the German numbers, how is that misleading? I even included the link for you to check.
We know why you want me banned, it's because you don't like the truth.
Tough.
The more to 'try' to antagonise, the more I post, do keep it up :)
C2645sg posting misleading information again should be banned
I could tell you but decide to support MP … but you know the date I bought so that window from/to.
Agree: 1st QTR results will be a good indication if this ‘improved’ business model can actually work and if the £230k ASP can be sustained. I have my doubt. I do think AML should concentrate on selling 1 car less than the market demands, and not a 1,000 more. If AML wants to be like Ferrari, then they will need to learn to act like Ferrari.
It has sold fewer but remember these have ALL been runout models.
The average price is up from £200k to £230 and the mark up per car has increased.
Let’s see what the 2024 figures look like with the new models and revised DBX shall we???
Just saying!!!
Advocate,
The sentiment of my posts correlates very well with the direction of the AML share price – how do your posts work out, inversely?
The simple fact is that AML is priced as a growth company (it has a P/E of infinity (LOL)), but for the last three years it has sold less cars to retail customers than the year before. Some fantastic products – the new vantage looks very good. But, it’s business model is a bust; it never has, and never will, generate sufficient operational cash inflow to cover its capital expenditure. In 2023, cash generated from operations £145.9 million; ‘cash outflow on technology and development expenditure’ £306.3 million (increase in intangible assets £183 million - get it?): – rinse and repeat; year after year.
I asked for counter-facts – all I get is diatribe. Grow up.
C2645sg You definitely need help mate. This is my honest opinion.
DBX fail!
www.kba.de/DE/Statistik/fahrzeuge/...amp;monthFilter=03_Maerz
25 Aston, vs 216 Ferrari
18 DBX
70 Urus
35 Purosangue
"it's nice to see someone who knows what they are talking about, I just read through your posting history.... Kudos."
7 posts Stroll bashing lol x
Be careful with the eloquent, factual posts on here Kurdish, they don't get much love.
it's nice to see someone who knows what they are talking about, I just read through your posting history.... Kudos.
I've heard the new CEO is on a very 'healthy' package, so by that meaning the same if not more than Felisa.
I also notice the AGM is internet only this year, wtf, Stroll obviously doesn't want any dissenters... BORING!
AML sold only 5,918 vehicles to actual customers (retail) in 2023 (see page 112 of annual report). This is less than 2022, when it sold 5,970 vehicles to actual customers. Given that it ‘wholesaled’ 6,412 vehicles in 2022 and 6,620 vehicles in 2023, by my count, this is an increase in dealers’ inventory of 1,144 vehicles in 2 years. Wonder what happened to that ‘demand led operating model’?
The only thing that does not seem to be shrinking at AML is Felisa’s pay packet; £2.891 million in 2023 (see page 110), including £814k of ‘private flights’. And remember in 2022, Felisa was ‘granted’ a 300% of salary in the form of an LTIP “with the support from the Executive Chairman” at a cost of £2.625 million. He did not get an LTIP in 2023 – poor chap. Just think what Felisa would have got paid if AML had been marginally profitable - or were selling an increased number of vehicles profitable - during his short reign.
Wonder what the new chap is going to receive? And please don't shoot the messenger - it becomes rather boorish. Facts please!
Sorry, that looked rubbish here is the link:
https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fwww.kba.de%2FSharedDocs%2FDownloads%2FDE%2FStatistik%2FFahrzeuge%2FFZ10%2Ffz10_2024_03.xlsx%3F__blob%3DpublicationFile%26v%3D4&wdOrigin=BROWSELINK
Here is the break down by model:
Mar-24 Jan-Mar24 Mar-23 Jan-Mar23
DBX 18 61 27 65
DB11 1 2 - -
AM V8 6 13 18 35
Other - - 6 14
C26: good morning. Given you’re asking others why not lead the way and tell us all yours (average) please?
Noah, whats your average here?
Agreed Chesil, they are both severely unwell and I feel sorry for them, they are just waste space on the forum. The only good news is no one takes any notice of their ramblings, happy Sunday
C26…
You need ask yourself one question.
Aston Martin eventually raised $960 million from a bond at 10% that drew $5 billion of orders and another £400 million that attracted £1.5 billion of investor bids at 10.375%. For both, their final maturity comes due in 2029.
That 6.5 billion of investor who are fully confident they will get 10%/10.375% in 2029…. Of course it will be roll over again and again…. Until AM turnaround into profitability….. but same time could be no. God know, main thing is in next 5 years they have to do the better job, WITH FEWER CARS AND BIGGER MARGINS……. (Last year and this year (Germany) irrelevant….. !
Still gambling (risky) byeeeeeeee.
A girl doing donuts in a f1 car has nothing to do with Aston Martin sales plummeting in Q1.
Https://www.kba.de/DE/Presse/Pressemitteilungen/Fahrzeugzulassungen/2024/pm12_2024_n_03_24_tab_marken.html
Sales DOWN 51% compared to March 2023
Sales DOWN 33.3% compared to Jan.-March 2023
Hope too. It s still a long way to go, but c2465 i am sure someday you will at least say rational things.
All the best my friend
C2645sg You definitely need help as you just repeat the same thing what we have already clarified.
I hope you get well soon.
Https://www.kba.de/DE/Presse/Pressemitteilungen/Fahrzeugzulassungen/2024/pm12_2024_n_03_24_tab_marken.html
Sales DOWN 51% compared to March 2023
Sales DOWN 33.3% compared to Jan.-March 2023
C2645sg – 06/04/24 – Quote: “…and all that extra cash they need for refinancing fees.”
@c2645sg – That is simply not true and you either:
- Know it, but post the fake news anyway, as part of your scaremongering / de-ramping strategy.
- Don’t know it, which suggests you don’t understand refinancing at all / didn’t read the RNS.
RNS – 13/03/24 - Quote - “The proceeds from the offering of the Notes… will be used… to pay expenses and fees in connection with the transactions”
https://www.lse.co.uk/rns/AML/successful-pricing-of-194163115-billion-refinancing-d5vum9klhftyumb.html
Pretty ironic that after complaining about Stroll, you post “downright lies” yourself. < Roll Eyes >
Cheers, Paul. :)
PS
As for me losing a fortune, please share with the group how many shares I bought in 2022 & how much I paid for them. What’s that? You have no idea? Who knew? So, again, you are simply making stuff up, with no evidence whatsoever to back up your false claims. It’s all a little bit pitiful really.
Advocate1973 - its the same pattern on here and ADVFN in the run up to every set of results, i can't be bothered with the drama! The companies going in the right direction, by the end of the year we will have seen, the new DB12 coupe and Volante, New Vantage Coupe and Volante, New DBS Coupe and Volante, refreshed DBX. That's all going to have a very positive effect on cash flow.