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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
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....