Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
THEY HAVE £229m cash available, the rest of the cash balance is actually debt/loans from banks.
Look at the reasons they raised cash in the past, to "cover all liabilities". Revolving credit facility is a liability.
Why do you find this so difficult to understand. You're either a paid poster trying obfuscate, or just stupid... Which one?
The last raise was announced at £4.40 and new shares were placed at £1.03.
The share price today is £1.37 and market cap £1.3bn, slightly above the net debt.
If they wanted to raise 500m with 4-1 offer, the offer price would be circa 35p.
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.
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
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?
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.
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.
Interesting TinyPie, the only thing you can talk about is Jam Tomorrow. The promise that it gets better, SAME STORY EVERY RESULTS DAY!
You can talk about no single metric because they are all worse than before.
Apart from Margin because of the Valkyrie sales. They are ending soon.
People are pulling a LOT of deposits, is that for Valhalla?