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Kong1, Stroll is asset stripping AML.
He is using the brand name to raise hundreds of millions of pounds for the F1 team, funding his son's F1 career, while loading it full of completely unstustainable debt.
Debt was c£385m when he took over, it has TREBLED/QUADRUPLED.

The f1 team is failing miserably, and the car business is on the brink of insolvency.

His raison d'être is obvious to all now.
Shareholders are about to take a bath to the tune of 50-60% on a huge dilution just to keep the lights on for a year.

AMl have burned through almost £700m in cash since he took over.

It's now technically insolvent, £150m in the bank and they need a rescue from the Saudis.

Shareholders need to unite and start asking some difficult questions of the board.

https://www.streetinsider.com/Analyst+Comments/UPDATE%3A+Bernstein+Starts+Aston+Martin+Lagonda+Global+Holdings+Plc.+%28AML%3ALN%29+%28ARGGY%29+at+Market+Perform/20341615.html

£4.30 target price, sounds about right to me.

So basically, this huge cash raise and dilution doesn't even put AML back to where they were 8 months ago......

Current net debt: £1.27 billion
Current cash: £156m

Rights issue, raising £653m, half (£326m) to pay off debt, and half (£326m) to cash.

Debt reduces from £1.27bn to £994m
Cash raises from £156m to £482m.

Results on 4th November 2021 stated cash at £575m & Net debt at £808m

(Debt interest will be reduced from £295m per year to £265m per year, as confirmed by the CFO yesterday.)

Nonsense, the 'lose rate' is close to 80%, anyone who says they win most of the time is a liar.

I am with IG.
Spreadbetting on AML was 100% long, now only 77% long.
Go figure.

Share a link to prove it.
They have no reduced anywhere else, still standing at 3.96%.
https://shorttracker.co.uk/company/GB00BN7CG237/

They sold 1083 DBX in 6 months.

The target for 2022 is 6600 cars wand DBX needs to sell 50%, so 3300.
Profits warning written all over it.

Looks like they stuffed the dealers with DBX at launch and now it just aint selling.
Bentley have taken all their SUV customers, Ferrari will finish them off with the Purosangue.
Ferrari are stealing all the GT customers with the Roma model.

What a mess.

Remember Stroll saying 300 DBXs just missed the boat to China in Q1?
Where are they, still in Dover waiting to ship?
DBX sales reduced from 1595 to 1083.

The man is unable to be truthful to shareholders, he should be ejected from the company, ASAP.

The debt is costing AML £295m per year. Let that sink in!
The cash raise only reduces that by expense by £30m, in the words of the CFO today. The interest bill will still be £260m per year, raising when interest rates go up.

Stroll is utterly negligent, taking on that debt was all his idea, now it's suffocating the company.

Can't believe the Geely offer was rejected withut consulting shareholders, and not one single shareholder wants to revolt.

What's not too difficult to understand is AML only have £150m in the bank, which will run out in 3 months.
There's going to be some discount in the coming rights issue placement, because if it fails, AML are insolvent.

No new car designs for a minimum of 12 months then....

"Today, we are pleased to announce a mutually agreed amendment to the SCA, which extends the timeframe for the Company and Mercedes to agree additional technology requests by 12 months, with the corresponding tranche 2 share issuance related to the second basket of Mercedes technologies to be accessed under the SCA"

Meanshile, Bently have DOUBLED their profits, so any excuses Stroll makes are futile.

https://www.ft.com/content/4b0563c6-3ba6-409f-854b-c81f67dd5169#comments-anchor

Bentley made more profit in the first six months of this year than in all of last year, as luxury car buyers purchased ever more expensive vehicles and the company reaped the benefits of a pandemic restructuring. Operating profit for the Volkswagen-owned brand rose to €398mn in the first half of 2022, higher than the €389mn booked during the whole of 2021. Sales rose to €1.7bn, compared with €1.3bn in the same six-month period last year.

Burned through £263m of cash in 6 months and only got £150m left in the bank.
At current cash burn rate, £150m doesn't even last 3 months.

SUV sales DOWN 32%. 1,083 from 1,595.

APAC UP 5 %. 854 up from 811.

Americas DOWN 32%. 720 down from 1,056

Net debt rises from 791m to 1.27 BILLION.

CASH BALANCE of £156m (December 2021: £419m)

c.£290m (P&L), £95m higher than previous guidance of c.£195m largely driven by non-cash FX revaluation of dollar-denominated debt in H1
Analyst call, CFO states cash raise will save them £30m per year.
£290m minus £30 means debt stilll costs £260m per annum.
More if interest rates keep rising.

Pre-tax loss of 285.4 million pounds ($347.99 million) for the six months ended June 30, compared with a loss of 90.7 million pounds a year earlier

The PIF investment values the company at HALF of what Stroll paid 2 years ago.

Lawrence sounds really ill, he is properly struggling through this.

SUV sales DOWN TO 1,083 from 1,595.
DOWN (32%)

Nonsense. CHina sales are up. it;s AMERICA who aint buying AMs any more...

APAC 854 up from 811. +5%

Americas 720 DOWN from 1,056 MINUS (32%)

Net debt rises from 791m to 1.27 BILLION!

• CASH BALANCE of £156m (December 2021: £419m).

I told you.
AML are broke.

Debt interest is costing them £290m per year on the balance sheet, 130m is cash.
Imagine what that will be when interest rates keep rising!

• Interest costs[1] updated for FX movements (assuming £1:$1.21, versus previous assumption of £1:$1.32):

· c.£290m (P&L), £95m higher than previous guidance of c.£195m largely driven by non-cash FX revaluation of dollar-denominated debt in H1

· c.£130m (cash), unchanged from previous guidance