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@Doyezee – Here are some comparisons for you:
Feb.21 – 114.9m shares @ £22 SP = £2.5bn MC
Nov.22 – 698.7m shares @ £0.89 SP = £0.6bn MC
Jun.23 – 728.0m shares @ £3.10 SP = £2.2bn MC
The previous Feb.21 high will be match with an SP of £3.47.
Cheers, Paul. :)
@Son_of_Swiss – Looks like it might be £10m worth of shares changing hands in two batches.
(As the 'unknowns' could be an agreed matching buy and sell - DYOR.)
Although I’m not sure why they were listed 'after hours' but showing 10am & 11am times?
Perhaps a future RNS will cover this?
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I also liked the Roberto Fedeli interview you posted the link to on another thread.
Cheers, Paul. :)
@Daviddavid - Thanks for the link.
This line was interesting:
"This new platform won't come from any tie-up with Geely"
Which means Geely increased their stake, despite knowing this.
Looking forward to hearing all about this in a few weeks.
Cheers, Paul. :)
@NoahsArk – Interesting point.
Previously, AKO had 1.3% of AML’s total of 698,757,075 shares = 9,083,842 shares.
After adding Geely’s 28.3m + 1m for the staff share scheme = AML total of 728,074,580 shares.
AKO’s previous 9,083,842 short would be 1.25% of the new total of 728m shares.
So, have they closed part of their short, or just reflected it’s lower % of the total?
(Like PIF have a reduced % of AML, but hold the same number of shares.)
Previously, I worked out that 6.48m of Michael de Picciotto’s 6.99m shares had an average of £2.30.
(Based on the RNS statements listed on here.)
So, selling 2.33m shares @ £3.35 gives a ‘profit/return’ of £2.44m/46%.
And they still have 4.66m shares up their sleeve.
Nice.
@Daviddavid – I found the section in the Sep.22 RI paperwork.
Unfortunately, “no later than” doesn’t really help much.
“As at the date of this Prospectus, no further tranches of Consideration Shares have been issued.
The Company is entitled to £146 million of MBAG Technology (the scope of which is to be agreed
by the Company and MBAG by 31 December 2023) in exchange for issuing the remaining
11,714,274 Consideration Shares at the MBAG Entry Price (the Additional Consideration Shares).
All Consideration Shares that have been agreed to be issued to MBAG in connection with the
Strategic Cooperation shall be issued to it by no later than July 2024.”
@Daviddavid - I can't remember without looking it up.
But the requirement for AML shares/cash for technology was pushed back as part of Mercedes' support for the RI.
It will be interesting to see what mix of Mercedes & Geely parts AML ends up with.
Cheers, Paul. :)
And one more before I go...
A bare faced lie to discredit the honesty of AML
24/05/22 - c2645sg – 08:35 - Quote :
"Since the company kept the AGM super quiet (no RNS), I didn't know about it until last week."
When clearly AML announced their AGM via RNS.
25/04/22 - https://www.londonstockexchange.com/news-article/AML/notice-of-agm/15424081
Anyway, have a nice day, I'll be back this evening.
Cheers, Paul. :)
@The.Crowman - To save time, here is my previous reply to @TerryMC1...
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TerryMC1 – Quote – “…was right for most of it…”
@TerryMC1 - Are you sure about that?
Big difference between what they claimed they said and what they actually said…
https://www.lse.co.uk/ShareChat.asp?ShareTicker=AML&share=Aston-Martin-Lagonda&page=2&thread=16EB0448-6072-4769-97F8-D38F96A7BA54
Their Mercedes sell-off speculation was also just that…
https://www.lse.co.uk/ShareChat.asp?ShareTicker=AML&share=Aston-Martin-Lagonda&thread=7030ADC9-ED1C-463C-8222-EC9802C5E340
And their 2022 sales predictions weren’t right either…
Prediction - 18/02/22 – “It's taking them 3 weeks to build one Valkyrie. That's 17 per year.”
Actual - 2022 Deliveries = 80 Valkyrie
Prediction - 04/05/22 - “2022 is already definitely worse than 2021, and that's before people stop buying GT/sports cars before the update.”
Actual - 2022 GT/Sports Sales = GT @ 1,833 + Sports @ 1,271 = Total of 3,104 cars
Predictions:
- 06/10/22 - “H1 was 2675 sales, and that run rates looks similar in H2 so far. So roughly selling 5300 ish”
- 07/10/22 - “H1 sales were c.2500, therefore full year is 5000”
Actual - 2022 Sales = 6,412
Note - I filtered them last year, so no idea what they are posting these days.
Cheers, Paul. :)
Eric Li - Geely Chairman – “Our decision to increase our shareholding in Aston Martin reflects our confidence in the company's growth prospects, its technologies and its management team.”
So, Geely has just bought 70m shares @ £3.35, when the SP was as low as £0.89 late last year.
Obviously, the SP wouldn’t have stayed that low if they had gone on a buying spree, but still.
Let’s see what happens to the SP now.
Cheers, Paul. :)
@Daviddavid & @Son_of_Swiss – Looking forward to seeing what the DB12 looks like.
As I get the impression the mechanics will be largely unchanged.
Cheers, Paul. :)
PS
Good to see AMF1 still clinging on to 2nd in the constructors.
(If only just.)
@Beachfeont – Are you able to hold on until/if things improve?
Or will you be forced to sell at a loss?
My only saving grace is that I don’t need anything I put into AML in the short term.
(Some of my buys were higher than yours, but, thankfully, my average is lower.)
Good luck, cheers, Paul. :)
https://www.lse.co.uk/rns/AML/q1-2023-financial-results-g73bgg1qvti1sal.html
Lots of things to look forward to in these.
Cheers, Paul. :)
@Glowacki – Where did you see 300m shares traded?
As this tab shows 3m for yesterday (and only one day over 10m in the last 3 months).
https://www.lse.co.uk/SharePrice.asp?shareprice=AML&share=Aston-Martin-Lagonda
Note: 528m shares, from AML’s total of 698m, are held by big players.
(Stroll/Yew Tree/Bertarelli/PIF/Mercedes/Invesco/Greely/de Picciotto.)
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@NoahsArk – It usually takes a few days for the Short Trackers to ‘catch up’.
But AKO’s 1.11% = 7.7m shares.
Below is a list of AML’s opening SP on the days AKO shorts are listed:
17/11/22 – SP 128.80 - AKO 0.85%
12/12/22 – SP 158.25 - AKO 1.04%
18/04/23 – SP 233.20 - AKO 1.11%
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Anyway, F1 this weekend and Q1 next week.
Have a good day, cheers, Paul. :)
A short clip that made me smile…
https://www.youtube.com/watch?v=IHI2mtyD-mU
But I’d want the Fragile / Handle with care warning on the side of the box to be MASSIVE! ;-)
- - - - - - - - - -
Over an hour of insight/detail from a dealer with three Valkyries awaiting collection!
https://www.youtube.com/watch?v=iwxfm_yoESw
It really is an EPIC car, even the box for the steering wheel is impressive.
(I assume there are a few more goodies packed away in there.)
@livestock – Thanks for the reply.
Unfortunately, I didn’t have any ‘spare’ cash to top up when the SP was 89p. :-(
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@Joe21013 – I hate to say it, but your fingers may be crossed for a very long time.
- Yesterday = 698m shares @ £2.22 SP = Market Cap of £1.5bn
- Therefore, 698m shares @ £16 SP = Market Cap of £11.1bn
By comparison:
- Feb.21 (Pre-RI) – 114m shares @ £22 SP (Peak) = Market Cap of £2.5bn
- Oct.18 (IPO) – 228m shares @ £19 SP = Market Cap of £4.3bn
Which, with today’s 698m shares, can give two ‘theoretical’ SP targets (DYOR):
- Market Cap of £2.5bn (Feb.21 peak) = £3.62 SP
- Market Cap of £4.3bn (Oct.18 IPO peak) = £6.20 SP
Sorry if that isn’t much help, but good luck, Paul. :)