The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Cheers Cars.
Aside from DBX and current line up Im modelling:
2021- Valkyrie 70% of models incl. amr plus all of 88 v12 speedsters
2022- Valhalla 150 of 500?
2023- Valhalla 350, and Vanquish orders start delivery maybe 500?
thoughts?
hi Noobz thanks, I just meant a rough idea for the year not the number of orders which is what I think we'll get on Wednesday.
Valkyrie was due to delvier this year.. its obviously delayed.. but wondering if they still try and get all 150 in this year.
Jt I dont think that would be cost effective for a company like Aston- theyre charging 3m for a valkyrie so still making good profit without custom builds
All and RBM if you happen to read :)
Any views in terms of how many orders will be delivered this year against next for the Valkyrie? Do they have the production facility to cover more than 1 model ie valkyrie and v12 at same time?
Expect any Valhalla deliveries in 2021 or now likely to be 2022?
Im trying to put together some rough financial projections.. obviously the specials have a large effect so want to apportion in the right year.. thanks
JT are you going to try and do some sums at all? as I posted they have 273m in Q3 coming. they have 30m if disposals. they have agree covenant waivers. they reduced cap ex by 80m. they have seen a massive increase in beer shop sales. they have said in an RNs even if COVID goes through to end of year they are OK.. this was before the 273m came in.
fairdealer youre completely right and apologies to all.. that was a sloppy first message, wasnt trying to device anyone.. What i was trying to suggest is next year on the basis that there is a full return to business, the related dividends will return which yes means paid in 2021. That dividend amount is likely to be at least 7 pence based on my workings for next year- these assume similar revenues to 2019, taking into account JV, cap ex reduction.
JTyson Marston's were already working on reducing costs. Actually one of the upsides of the terrible current situation is that companies look at cost reduction. as per the 18th march update, they have reduced cap ex by £80m.. thats huge. And whilst they dont have income from pubs, they also havent had to pay staff and have agreed covenant waivers on debt. Finally they have 273m coming in Q3 and another £30m of disposals this year. Also as per the other thread.. sales of beers in shops has gone up massively. this isnt about the profit right.. its about sustaining and positioning for next year. Provided we resume normal business (we will have a vaccine by then) and no severe recession Marston's will do very well from 2021.
Its been asked a few times.. the US is an OTC derivative.. it basically allows people to trade over in the US without having to do so on the UK exchange.. but theres no volume at all.. so the prices are all over the place..
Yep thought today would be more of an up day,, but a big move last friday and tuesday morning, means a lot of people selling and trading at the mo. and on a Friday afternoon with US down a bit last night.. unfortunate... but its only 4% down.. at worst we get to 61-63 today which would be about 8%. so not a terrible day and allows the traders to leave.
banks airlines wont.. but when lockdown ends a lot of people are waiting to get out.. going down the pub is much less of an outlay and hassle then a flight. So and with a track of payments think they wll return not straight away but next year.
Airlines Walsh saying he doesnt see lfight getting back to 2019 levels is very different to people not drinking in pubs..
Re the tax bill. a significant part of the austerity will come from gov freezes on public spending, cost reductions across government departments. They were planning on cutting corp tax which is now taken off the table.
For the last 5 years the dividend was over 7 pence.. It will be reinstated once all the lockdown stuff is over in the next 4-6 weeks.. means over 10% yield at current SP.. 7% even at 100 pence.. ane even then 5.8% at 120 pence..
from the messages this morning there were a lot of short term traders.. so in a way good- hopefully clears them out.there was strong support at 50 pence.. and pretty much everything is red this morning after US sold off last night..
Lets see what the afternoon is like.