Member Info for c2645sg

You were Stille, hats off...

Losses as I expected, DBX sales above what I thought.
They are targeting 6000 wholesales next year, so can't see price dropping much.

Although I was bang on with the operating loss of £322million.
I thank you.

£466 million pre-tax loss.
Even I underestimated it, hah.

@eatsleepprog.
I read the whole article, thanks.
The important word being "may".
It's a whole different scenario if the company is loaded with £1.3 billion of debt and unable to pay if they don't sell enough cars.
In this case it would not be used to expand the business, nor for acquisitions, nor open new facilities, nor for sales.

The CFO is on the record for stating that the current potential output of 14,000 cars per year needs addressed.

https://www.investopedia.com/investing/understanding-rights-issues/

@Madman, another rights issue will not affect the current situation?
Do you mean the SP will be unaffected if they have to raise more cash?

Don't listen to the one person masquerading as the few on this BB, constantly ramping and intolerant of any alternative views.
The SP tells you all you need to know.
If the DBX sales are low, this will get pummelled.
If AML need to raise more cash like they did 5 times last year, it will also drop.

Nite25, why sell?
Because there will be a 20% discount at the next cash raise.

For Q4, I think we will see:
Under 500 DBX sold
Operating loss of £60-70million

No idea where the SP will be, same as everyone else.

"Finally, the questions for you were/are:
- Can AML build DBXs to order and there still be second hand DBXs for sale?"

I never said they couldn’t. What’s worrying is such a high percentage have been sold on so soon.
Who sells their car 3-6 months after buying it? People don’t let go of incredible things weeks/months after buying them. Not good for the brand.
Who sells a demonstrator after 3-6 months? Retailers need to keep them to, you know, demonstrate.

-" Did Mercedes only agree a deal with AML because Stroll had no other options?"
Stroll had no other options. Period. You’ve failed to answer what you think Stroll's other options were, we’re still waiting…..

- "Why are you a shareholder if you are so worried about the debt, cash burn/raises, sales, etc.?"

It’s preposterous to be a shareholder and not worry about the above. I find that question incredulous.
Maybe you have a small number of shares and it does’t matter so much to you, but I have a lot, and want to discuss it to find answers.
It’s a public BB, the whole point of it is to question and share.

I reply to nonsense ramping with facts, all from AML’s results, if they have a problem with that, tough, it’s reality. The people who break rules get banned. Obviously others are complaining because I can’t even read their posts never mind report them, (happily). The fact you side with them tells the readers all they need to know.
I don’t actually agree with posts being removed, I think they should stay to show people up for what they are.

"@Yorkie56 – Definitely, my last reply this time. { Wink }”

You said that last time [wink]
I do wish you were true to your word (double wink]
I do love your condescending passive aggressiveness and will miss it. {triple wink}

Debt will be much the same.
Cash levels will be circa £350m or £200m, depending when they have to pay bond interest.
Revenue will be down everywhere except China which for most other car companies is back to pre-pandemic levels.
DBX sales, let's hope they are at least double the Q3 numbers of 345, otherwise it's not looking good.

What are your expectations MadMan?
Maybe we should all guess, see who gets closest to the figures?

"Lawrence Stroll: On the first question, we have no intention of reducing prices at all on the
front engine lineup. Second, we will be increasing prices when we deliver the facelifts, which
is on all the front engines from Vantage to DB11 to DBS. And your third question I think was
on Vanquish. The timing is 2023 to 2024 for Valhalla and Vanquish, 2024."

"My answer is I have no idea, I’ve also never claimed to know, so why should I provide an answer?
(Especially given the number of questions you have been asked that you refuse to answer.)"

I’ll presume you just don’t want to answer with an uncomfortable truth, i.e. cash burn. ;)
I have filtered many people on here (the same person with multiple IDs as they are ruining the BB, so if they are asking questions I can’t read them.
You’re a shareholder and don’t know or care how much cash they have, seriously?
They cash raised 4/5 times in the last 9 months and it doesn't interest you that they have to do it again, and when that might be?
AML is a company with £1.3billion in debt, posting a loss of over £300million in 2020, burning through £150m per quarter.

"You have repeatedly asked about the Q3 DBX numbers and you have got the same answer”
Maybe I don’t agree with your answer...

"AML Statement - 24 March 2020
Third production trial DBX's have been built at St Athan and final testing to ensure robust quality for customers continues.”
Exactly, Final testing IN MARCH!!! I think as a shareholder I am allowed to ask why it’s taken so long to sort it out. Ferrari have sold almost as many cars in 2020 as they did in 2019, no signs of problems with the new (2020) Roma model eh?
AML also had to do a recall of 151 DBXs in January 2021 after “ensuring robust quality" in March 2020.

But I see your "work is done here"...
With 'work' like this, let's hope you are done.

@AML007,
"At the risk of repeating myself, the second factory wasn’t up to speed in Q3"
I am not asking you to repeat yourself, passive aggression is not required, thanks.
Instead of running away (which you do a lot when I ask you direct questions) answer me this: WHY is a second factory they spent millions on NOT UP TO SPEED?
This is a car company, all they have to do is make and sell cars.

Everyone in the car/financial industry knows that's exactly how the Merc deal was struck.
AML had NO way of funding the move to electric as they are £1.3bn in debt, with interest payments of £150+ per annum and not making a profit. No niche car company can do this on their own.
Tell us what other options you think Stroll had instead of the Merc deal please?

You're correct, AML does have something Merc don't have, and that's why Merc have taken a 20% stake and will buy the rest if/when Stroll turns it around.

I look forward to hearing your answers, thanks.

Stille, they are all filtered don't worry.
When I say 'they', I mean the one person masquerading as the few.

Another typo: "The reason he is NOT sharing the facts is obvious, sales are struggling.

Apologies, you are correct, H2! (Typo).
I would define it a flop because Ferrari sales were only down 10% in 2020 compared to 2019. Also have a look at Daimler, BMW, VW group, Lambo, Bently too, all selling lots of cars, almost making up for the shortfall in H1.
AML are selling fewer than ever, sorry people are buying fewer than ever.

Depends on how you define Gangbusters, purely subjective term.
As in investor, I am tired of Stroll's hyperbole. He is so good at hyping everything, but refuses to give us the DBX order book numbers AT ALL. You know he would be shouting it from the rootftops if it was good/great/gangbusters....
The reason he is sharing the facts is obvious, sales are struggling.

We'll see the numbers soon enough though.
How much cash do you think they have left AML007?

The results will probably be with worst in AML's history, in excess of £300m loss, but that's mostly known.
The interest is in the DBX sales and cash....

DBX sales were 345 in Q3, anything under 1,000 for the total of H1 means it's a flop.

Cash was at £500million in November, but they are burning through £150million every 3 months right now, and AML also have another £150m + in debt interest repayments to re-pay.

So expect a cash raise some time in the next 3 months.

22 replies to my post, obviously no-one is worried about it at all!? ;)

345 DBX sold, just under a quarter of cars are sold in the UK, so let's say 75 DBX sold in UK. At least 16 of them are either unhappy owners who had sold them on within 6 months of buying them, or the 'build to order" mantra has been "let's build a few for nobody" to improve the wholesale numbers.

Love watching the fanboys putting a positive spin on this, hah.