Member Info for astonbroomes

Nothing wrong in asking the question Ajsw, unless one is afraid of the answer.

Also, I was wrong too. No cash raise, which is good news. But 2029 is some way away and just extends the ball and chain holding the stock back. Do I regret selling at 380s? Not at all.. I bought a house with the money and invested the rest in AMD and Nvidia during Oct ‘23, gains over 100% since then ;)

I think the post claiming the share price will rise to 200 says it all. Reaching the low SP figure of 200 should not be seen as an achievement, when Stroll himself suggested years ago the share price should be in the 700-1200 range. Barely any long term holders pre rights issue and consolidation is making any profit with a SP at 200. Maybe this news is good for people entering the stock first time, or traders looking for short term upside. But given the track record of the stock, it’s still hard to be optimistic. For that reason I’ll still sit on the side and watch what happens.

Also, for all those hoping AML becomes like Ferrari, I’d say - just by Ferrari stock, it performs much better.

Why do people here keep mentioning Africa like is a country? You do realise Africa is a continent, maybe be more specific and mention a specific country in Africa; perhaps? Also why would members here escape to Africa in the first place, is this meant to be derogatory?

@NoahsArk if you look at my post on 22nd Sept 2023 @- 08:40 I quite clearly state that I sold my entire position. So I'm not just saying it now.

And yes, I sold it to fulfil my dream and buy a house in the Caribbean, which I've now done. Renting it out currently whilst I'm back in the U.K., it's turning nice profit, better than AML currently.

Skidder you are totally right. I sold out in tranches between 380p-311p (for a 4 figure profit); but still keep an eye on the stock I held for over 3 years. Now I just come on here to read the drama as the SP goes down and people post any bad/ good story/ opinion to back up their narrative.

Look, let’s be real. If you’ve been holding the stock a while, this decline in SP with no word from Stroll is nothing new. The stock has been in slow decline since it’s IPO in 2018. If you see it as a buying opportunity then fill your socks up with all the sausages you can get. But if you like me, you’ve been holding a few years now and you’re now thinking ‘when is the Aston Martin going to shine it’s bright lights through the end of this dark tunnel?’ then I understand why you come on here looking for clues, info and a bit of banter.

But all this bringing up quotes from people online you don’t know from years back, just to prove yourself right or others wrong is like what 13 year old girls do - it’s really petty from a group of what appears to be (supposedly) grown men.

At the end of the day, you have 3 choices: SELL, HOLD or, BUY. Whatever you choose is up to you; and good luck. But don’t come on here being a nuisance with petty quote wars; it’s just as sad as the current share price is.

I think the whole topic of Stroll selling up and leaving is very opaque in the medium term. I think it’s safe to say, Stroll won’t be at Aston Martin forever, as he wasn’t at Ralf Lauren forever either. I just read an article where the Founder of Bumble just left, she wasn’t pushed, the company wasn’t failing, she just felt she achieved what she wanted and decided to move on.

It’s clear Stroll currently feels he needs external alliances and additional funds to keep the ship sailing, looking over to Ferrari, we don’t see them selling off bits of the company and raising money every 6 months. The thing is, for how long and to what extent will this practice continue? I personally sold my entire stake (at a reasonable profit) because I’m just not sure anymore what Stroll’s plan is. What is success to him? £500m EBITDA and £200m in revs by 2025 apparently. And when/ if that’s achieved, then what? I don’t know if there are any clear answers. What I’m pretty confident in, is when he eventually leaves, he’ll make sure Aston Martin is in a better place than when he joined and he will be better off financially than when he joined AML.

This article states what I’ve said either here or in another group before. Aston Martin needs to execute perfectly and hit all targets. Any mishap whether internal or external affecting the business will quickly and negatively impact the share price. Investors who have been here a while (like me and others) and bought all the dips will not want to ride another steep low, especially after the highs we saw in August.

To the individual investors out there, who is ready to ‘buy the dip’ and potentially the CR next year once again?

Are you missing they will be redeeming 50% of the outstanding second lien notes this month? That’s more debt not less debt.

And I think anyone would be naive to think the refinancing in early 2024 won’t come with some kind of dilution on top. Look at the share price over the past 3 months and even today, is it the sign of things going in the right direction?

I can’t believe it was true. Another refinancing in early 2024! And so now the reason for the slow decline from August highs becomes very clear - those on the inside knew very well and C3PO (as much as s/he annoys sometimes), was right even from the Lucid deal announcement months ago. As mentioned I sold out my 12,500 shares in the mid 300’s because I lost faith in Stroll’s regard for fellow shareholders, with his ‘we’re fully financed’ comments; It seems that view is further vindicated today with the planned cash raise. I think the company will survive tbh, the Saudis and Chinese for sure will snap up what’s left after Stroll sells up. What’s that? Yes, I said it! I believe Stroll is rumoured to sell the F1 team to the Saudis and it’s fully possible he could reduce his stake and handover Chairman duties in late 2024 or 2025 once he meets his revenue and EBITDA targets.

I really feel sorry for the smaller individual investors, because if it wasn’t clear before, it should be clear now. This is a company which needs ALOT of money to function and stay afloat. The debt is a serious anchor on the SP.. Only those with lots of disposable income should apply for AML shares, the 4 to 1 share offering in 2022 CR taught us that - I had to fork out 5 figures just to stay in the game. If I didn’t do that I would circa 88% loss right now. As a past investor in AML for 3.5 years, I wish you all the best of luck - Honestly.

I have to say, it's worrying when any stock looses 44% of it's value and barely anyone comes out to say anything about it, even the biggest shareholders. As a recently exited investor of Aston Martin, I do hope the for those still holding there is light at the end of the tunnel. The cars are nice, but nobody likes being taken for a ride.

It’s definitely them buying up existing ordinary shares to the tune of 26 million, It appears to have been at market price, which is quite bullish. The stock price has risen about 9% at the time of writing.

I’m pretty sure between Stroll (Yew Tree) and Geely, they both agreed not to up their stake until late next year? Am I missing something or has Stroll flip flopped on investors again?

@Noah, don’t be silly. Me and C26 had words in the past, look at my previous messages. We’re not one and the same and if anything I’ve been very positive on AML when I was a shareholder. But I’m not in this for the love of AML, I’m in it for my return on investment. And when I see the situations changing which can affect my positions (or I’ve just made enough money) I trim or sell (just like you); it’s simple. It doesn’t mean I magically turn into C26 because I’ve become bearish on the stock, don’t be a silly sausage.

@RonR Right, so by ‘spreading over the longer term’ what exactly are you talking about? AML have committed to paying lucid $132m, $100m in equity and is a tech partner, nothing to do with access to markets, maybe you’re mistaking for Geely From 2023 to 2027 AML projected “more than 70% of investments focused on electrification” tell us, how are they just going to spread that out for another 5 years? Can you give us your theory?

Aston Martin forecasted selling BEV vehicles into a market which was ripe for BEV because of the legislation. Now that legislation has changed to 5 years down the road. How does that not negatively impact on AML in the next 5 years?

Also in response to your comment that AML don’t just sell in the UK, well in Q1 U.K. made up 17% of worldwide sales, and Europe excluding U.K. made up 19%. So that’s 36% of the worldwide market who won’t feel like they need buy an electric vehicle come 2030 because there will be plenty of ICE models available. And trust me, the rich would love to buy the best and last high performance ICEs available, they will become collectibles.

RonR I’m not sure you understand, the fundamentals have changed my friend. Trust me, I’ve been holding AML since Stroll came in early 2020. I’ve ridden through the good, the bad and the downright ugly. So I haven’t just lost the plot, it’s a calculated exit based on the market environment, macro environment and core fundamentals. Saying AML’s investment and plans can just “spread over the longer term” is nonsense. The deal with Lucid is inked and signed, The shares have been handed over the initial cash paid, plus billions more to be handed over the next how many years. You think LUCID is going to say ‘aww shucks, Aston Martin, looks like your plans are delayed, don’t mind paying us back the money you owe us right now, you can spread it over 60 monthly payments?’ - NO. And even if that fantasy existed, there’s a thing called interest which would surely need to be paid on top to cover the delay - adding to Aston Martin’s debt pile. And regarding choices, look. Aston Martin could have been one of the first to launch an all electric line up, I believe Lamborghini, Ferrari & co. are a little further away in achieving this. But with this delay, they’ll be very much back in play. And with that increased level of choice, Aston Martin’s lead advantage is gone. I’m not saying the rich aren’t going to buy an electric Aston Martin, of course they will. But Aston’s share of the luxury high performance EV market sales will be reduced with more competition. Look at the DBX, you know why it’s done so well? Because it was the first proper (not based on a general platform) high end luxury SUV. It had tons of market share and basically pulled AML out of the grave. AML needs to lead with the launches if it’s to have a solid chance of generating the kind of sales forecasted. And right now I don’t see that happening because the rich will want to hang on to ICE’s as long as possible - they just put more of a smile on your face.

I think anyone believing the delay to ban ICE sales is good for any automotive company moving towards EV is deluded. Think about it, you’re AML and you have a strategy to electrify your entire line up by 2030. All the R&D, all the recruitment, material costs, partnerships etc. have been put in place to exploit this opportunity. Your financials for the next 6-7 years are based on and revolve around electrification, it’s in your reports, your presentations your guidance and forecasts. Then the U.K. and the E.U. decide to delay all your plans and all the money you were hoping to make, by 5 years; do you think that’s positive? Even if AML was on track to deliver on their plans for 2030, the demand is not going to be as high as expected due to this new directive from the U.K. and E.U.. SO all that growth and money most of the automotive companies (particularly the pure EV ones) thought they were going to make in Europe is *poof* gone into thin air. AML can’t just delay their vehicle launches for 5 years, what would they sell in their place? They can’t just pull out some alternative ICE cars from the back of the sofa, these things take years to develop and all the R&D, materials etc. mentioned previously. And this time, it’s not forecasted, it’s not planned and most importantly it’s not budgeted. It’s that uncertainty which is why the SP of pretty much all auto manufacturers is down, particularly AML who’s financials were just starting to turn a corner based on new cars and future electrification. I’ve sold my entire AML position around 380p and 350p and the last bit around 305p as soon as I heard the news. I had tens of thousands in the 200p range. I think those predictions of 400p+ are now out the window and we have to wait and see what AMLs plans are before we can draw new conclusions of what the SP will be in 12 months time.

So, looks like the cash raise has happened. And for those who listened to the Q1 presentation Q&A this year, we knew it was coming. For those who remember a Q was asked (by Barclays I think) about whether it would be dilutive like the oct/sept 2022 cash raise. But the CFO said if or when it does, it will be raise mainly for institutional investors and the executive team (i.e. the big boys) not a cash raise like what we saw before in Sept/Oct 2022.

@NoahsArk your hunch was right about the timing of it seems. And given this money is going to directly finance debt, maybe that's why the market has received this info more positively. I saw calls for 435p at one point and also a massive 4m share buy order after close.

I think we've seen a short squeeze?!

C2645sg is a joker of this board, entertainment. Look how many posts he/she has posted! Over 3,000 on this board alone! How much time does he/she have, dedicated to chatting with us - must really really care about us, eh?!

You have to think, what is c2645sg's goal on this board? Is it to advise us to sell, buy, hold? Or is c2645sg posting over 3,000 messages because he/she is a bored sausage, with no real physical friends? Or maybe c2645sg is a narc, who likes to be heard and be right, because so many people in the real world don't listen to him/ her.

Might have to book c2645sg into a clinic - haha.

Well done, we sell in the green and buy in the red. Cash is king, but also subject to inflation. Best to keep money in bonds, assets or high savings accounts (depending on the rate of course).

I can see some calls after hours for 3.90 coming through, though 3.80 seems to be a ceiling.

Hey, I'm not using HL, but you should be able to sell, I'm not aware of any period by which you can't sell rights issue shares.

Wow, so you have to go all the way back to Feb 2021 to pull out my comments which were made before a) Putin's invasion b) inflation overdrive c) fears of worldwide recession?

Thats so funny c2645sg, we don't have to go that far back for you. What you say comes back to bite you pretty much as soon as you type it.