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From BusinessF1 magazine.

Multimatic Motorsports, the Canadian company responsible for the majority of the development and build of the Aston Martin Valkyrie is being blamed for ht e continuing failures to deliver any cars to customers. The car is now almost 4 years late and none have been delivered to customers despite continual promises. Aston Martin insiders are now reporting that it is unlikely that any cars will be delivered before the turn of the year due to ongoing but relatively small problems. But this is not a given. Completed cars are said to be o the factory floor awaiting delivery with niggling but vital problems preventing them from being shipped out to customers.
Meanwhile at Multimatic, a whistle blower has alerted the management of Aston Martin of quality shortcuts in the development of the cars. This report in unconfirmed.
In the Aston Martin quarterly report last month, Tobias Moers stated that “era-defining hypercard, Valkyrie productions is scaling up with first customer car completed and deliveries starting in Q4.
Deliveries of the Valkyrie are vital to Aston Martin’s satisfactory end to 2021 financial year, Moers said.
“A significant proportion of expected full year profits relates to the number of Aston Martin Valkyrie and AMR Pro vehicles due to be shipped in the fourth quarter"

Racing Point: 38 races entered with a total points haul of 268
Aston Martin: 31 races entered with a total points haul of 77.

Well done Lawrence, you bought a team which punched above it’s weight/finances and pretty much destroyed it.
This is what happens when you let a megalomaniac run an F1 team

@falcon:

Ferrari debt is in 2021 is €2.6 billion
Market cap is 38bn

So let’s divide 2.6bn by 38 to gain equivalence to AML’s market cap of 1bn.

68 million euros and AML’s debt is 1.56 billion Euros

What planet are you on? Utter lies yet again.
You keep, lying, I’ll keep correcting you.

"Nice first post falconr. Glad your here and talking sence."

Who would trust anyone who doesn't know how to spell 'sense'?
Oh the delicious irony!

Another day of the share price finishing on the lows? It's done it every day this week.
Wake up Arnold, you'll be able to buy your £8.50 shares soon!

2025 target of £500m EBITDA minus £170m interest and £330m D&A equals.....
ZERO!
Disprove that.

You also ran away when I asked you what lies I had posted.
So?

So you make statements you can't back up? Haha.
That means no-one should trust anything you say.

The key numbers for Ferrari in 2021 were 11,155 cars sold, (up 10.1% vs 2019), Net Revenues of €4,271 million (+13.4%), and EBITDA of €1,531 million (+20.6%). Free Cash Flow reversed 2020 negative trend and came in at a positive of €642 million which is +370% vs. 2020 and just -4.9% v. the record set in 2019.

Do you really want me to post AML's in comparison?
AML will be lucky to still be solvent in 2025.

Show us exactly what you mean by scaling Ferrari's debt to AMl's?
That's hilarious. Ferrari's net revenue for ONE YEAR covers their debt.

I see almost 200mn people and 23 cities are under full or partial lockdown in China now....

I am a fan of Moers, the only man that can pull it off imho.
Cost reduction and efficiencies are great, but still making a loss this year after them all...
The new lineup will be late 2023, it's a race against time versus the cash balance.
hence the risk attached to buying shares in AML.
I only repeat myself because you keep asking me questions which seems to imply you are either not reading or understanding what I am saying.
Happy to help, as I don't see anyone else giving you any answers... :)

AML.L pay c.£25m per year to the F1 team.
That's the problem, Stroll is using a floated company to prop up his private F1 team. It should be the other way round, they should be PAYING US for the use of our brand name. Stroll even admitted they raised hundreds of £millions only because of the Aston Martin name. He's using us
If you believe Stroll's exaggeration of 'billions watching F1' then cool. All he has done is add up viewers of every GP. It's mostly the same people watching every race.
Can you prove how many of those people watching bought an Aston? Especially when they are finishing 9th out of 10 teams.
You need to be Merc/Redbull and winning for years to get all that exposure in every race and interview/podium etc.

So at first you were saying the debt could be renegotiated lower, now you are admitting that the bonds will probably get rolled over at the same rate. Which will be fortunate if inflation is over 10%.
Like I said 12.5 and 15% were demanded when inflation was 1% and interest rates were 0.25%.
Consensus is the Fed are looking at NINE increases over the next 2 years up to 2.75% end of 2023. You do the math.
I'd say that's conservative, inflation is now out of control and all central banks are way behind the curve.

Don't believe all Stroll says, he was promising Valkyrie deliveres in September, no more fund raising before he raised £80m of bonds, SP of £6/7/8/9 (old money), China gangbuster etc.
Check out his history with Asprey & Garrard, another ultra luxury brand he put into liquidation losing hundreds of millions.

I'd say the business is in no better state now than it was when Stroll took over, so good luck negotiating the debt down. Wold you as a bondholder accept 7% in a high inflation environment when the last guys got 12.5-15% in a low inflation environment? No, me neither.

£1.3bn doubled is £2.6bn.
They are doing just that, doubling billions.
Read some Marx, that's how the rich get richer, they extract wealth from everyone else beneath them in the chain.

It is 100% Stroll's fault, nothing to do with previous management, he was the one who took out the bond debt.
Do you homework, the debt has risen exponentially since Stroll took over.
Same things football club owners do, increase the company debt, their private wealth increases proportionally.
AML workers in the factory ( got shafted in the IPO while funds took their massive profits, then Stroll reduces their pensions and gives them shares!) and shareholders (dilution) get shafted while he and his mates stroll (sic) about the paddock thinking they are the man.

Now you're getting it.

...and why would you spend 5% of your portfolio at £8.50 when you are sure it will go below £8?
Makes no sense to me.

If you (a billionaire with plenty billionaire mates) buy and truly believe in a company, do you:

A- Lend that company money from yourself and your mates are low rate of interest to secure the success of your own company.
or
B- Initiate bonds at 12.5% and 15%, double your money in 5 years, crippling the company in the meantime, ensuring any profit is eaten up by interest charges in the future, screwing all shareholders with said debt and utterly horrendous dilution?

Answer on a postcard.

Yes Arnold Englangder, you are correct in everything you say, the SP is completely undervalued, and yet you are not a shareholder.
What are you waiting for?

The brand value is suppressed because they have £1.3bn debt and growing.
Stroll thinks he is in control but he aint, Merc are, and can veto anything they want.
Why would Merc let Stroll sell it for say £1bn, when they can get more (or all of it) for nothing?
These huge companies play the long game because they can.

I do hope Stroll watches Succession ;)

You'd get a little more respect if you said that before I said the brand alone was worth £6-7.
China lockdowns will hit this hard, they've barely started.

Sounds like you should buy in then Arnold.
If you think we are naive enough to believe you are a new poster and not another one of the multi IDs made up because all the others got banned, then... ;)

Be sure to let us know your purchase price!

Google is your friend.
Read this first then starting googling Florian, Andreas, Nebula, etc.
https://www.telegraph.co.uk/business/2021/11/03/aston-martins-billionaire-owner-head-on-collision-super-rich/

So much for reading the BB recently? I covered all of this.
Nebula funded the Valkyrie, Valhalla and Vanquish, as AML couldn't afford it.
So Nebula stumped up the cash and were due royalties in return for their investment.
Stroll probably didn't know this when he bought AML, and when he found out he spat the dummy and ripped up the contract, and sued Nebula, trying to bankrupt them so they could not claim the money they are owed.
Probably because he knew that paying royalties on every one of those cars could spell disaster for AML.

The reason the SP went up 100% is because people believed Stroll could turn AML around.
Now they are realising he is a fool with a huge ego who can't be trusted.

He sues the 2 most important people for AML in St Gallen, takes on the highest bond debt in Europe, uses the AML name to raise funds for his son in F1 and has no management/communication skills to make a company successful. Hence why they are 9th out of 10 constructors in F1. He is a megalomaniac egotist who thinks money is everything.

For someone who wants to discuss and learn, and proclaims to have read this BB recently, you don't seemed to have listened to anything I have said.
You said:
"But when a company can generate positive cash flow and positive EBITDA (and therefore fundamentally a better business foundation) it shows it has a substantial business behind which generates cash. Debt can therefore be refinanced with better interest."

Please tell us all how a company with a potential 2025 cashflow which doesn't cover the interest on the debt + D&A, is going to refinance their debt with better interest rates, especially when inflation will probably hit 10% in the UK?
Do you think bond holders who demanded 12.5% and 15% when interest rates were 0.25% are going to be happy with the same rate when inflation is in double figures?