Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Lost my phone this weekend.
Nice to see someone is pretending to be me posting as "TheAnswerIsNo" when I had no way of posting anything at all until a replacement arrived today..
You have to wonder why someone would create another ID in a vain attempt to discredit my views. What's worse is they think it works!
The market knows a cash raise is coming, MMs suck mug punters in with a rise, get rid of some shares from their books and then run it down. Finishing the day on a low is always a terrible sign.
Not long before all the gamblers are stopped out or sell due to being 10% down in a matter of days.
Cash raise will be under £1 for sure now, probably around 50p depending on how much they need.
Good to see 5% voted against Larry at the AGM, though! ;)
I'm reading lots of accounts from Aston drivers not even THINKING about trading in their old cars for new AMs. So Stroll is obviously deserting his current user-base, and not attracting many new buyers because residuals on used cars are APPALLING!
Losing £80k in 18 months on a DBX707 from new, means trading it in for a new face-lifted DBX will be financial suicide.
Way to go Larry. Back to selling handbags.
Https://www.sharesmagazine.co.uk/news/shares/aston-martin-shares-tank-after-poor-first-quarter-and-soaring-debt
"To call the results ugly is no overstatement and it is not the first time results have sent disappointing shock waves through equity markets, but the real worry continues to be hefty debts. Net debt (debt minus cash on the balance sheet) soared in Q1, hitting £1.04 billion. That’s up £230 million in the past three months.
The company’s valuation is a fraction of what it was when it listed back in 2018, rendering initial comparisons with Ferrari as ridiculous as setting a park jogger up against an Olympic middle-distance runner’, said AJ Bell’s Mould.
Despite a recent refinancing, Aston Martin is still burdened with a hefty debt pile and it’s likely in the last chance saloon at this point. If the new launches don’t go well, it’s hard to see what road the business can take next."
@ £18 I said this...
c2645sg
Posted in: AML
Posts: 2,044
Price: 1,801.50
No Opinion
RE: Brilliant improvement04 Nov 2021 08:17
This jump is the best chance to get out now before the shizzle hits the fan.
Seeing as you don't read, there was a 1 for 20 share consolidation, so 65p was equivalent to £13, hence that was only a 15% gain, when the shares are down 96% from IPO.
"Those who don't read have no advantage over those who can't."
Bucketman
RE: Future price stock17 Apr 2024 17:26
How much do you have invested in AML CP30…how much have you lost in AML ….stocks & shares are a gamble….you buy but your not guaranteed a return, what f—ks me off with you is the barrage of crap that you post…plenty of people bought these at 65p and got out at £15
Down 12.5% already.
Bucketman
Posted in: AML
Posts: 168
Price: 152.00
No Opinion
RE: Late trades16 Apr 2024 10:11
C2645sg can’t help yourself can you, 11 days to go….. I think by then we all will know what the c stands for “he who laughs the loudest laughs last…..
Low free float means low volume. Hence why the sells I posted (and AML007 kept trying to patronise me on) are relevant.
They are enough to take the sp down from £4 to £1.30 n a few months.
Support is now 120-128p range, if it goes through that, it’s headed for 90p.
The lower the share price, the bigger the dilution for the next cash raise.
Why make resolutions 21-24?
Cash raise then AML taken private, and all the rampers will never get a chance to make their money back.
Now we know why the AGM aint in person, it's online only.
Https://www.astonmartin.com/-/media/corporate/documents/share-holders/aston-martin-lagonda-notice-of-annual-general-meeting-2023.pdf?rev=22c876b7d8fd42e69caf7f06e73e10bd&hash=DB82035A9EE57F6D7524A74F6EDFDE1B
Read 21-24 very carefully.
I was wondering why it's online and not in person.
The free float is so small here, it exacerbates the share price movement.
All the big boys have their stake and can't really increase it, for one reason or another.
The more the share price sinks, the less the free float gets bought, and the more it sinks.
Its a vicious circle Stroll has created, unintended consequences.
Hopefully it's his downfall, but I reckon he will take AML private before then.
One last cash raise....
Https://www.ft.com/content/166bd7a9-7849-4503-b779-92b38f561c5c
Net debt was £385m in January 31 2020 when Stroll took over.
It now stands at £1044m.
Take a bow, Lawrence.
Not even football team owners are that bad, just over 4 years of ownership and he's tripled the debt.
Small shareholders will soon be bagholders, I bet he takes it private and you'll all be left with nothing, no chance of making any of it back.
Https://www.investorsobserver.com/news/qm-news/7625390650801601
Stille harping on about Lagonda when Stroll killed that idea stone dead recently.
Wake up!
Newey is not interested in Aston purely because of Stroll.
Adrian knows Stroll is only going to sell the team when he has made enough money, and isn't interested in working with a part-timer like Lance, no-one wants to work with Lance except daddy.
What the Strollovich's don't understand is no-one actually likes or admires them, they just have to put up with them because they are rich and own the team.