RE: Positive momentum building at AML — signs of a turnaround?16 Jun 2025 15:17
Stroll, what happened? and that 52.8p was before the 1-20 share consolidation, so it's MUCG worse than it looks.
"The marque will soon easily be selling 10,000 cars a year and generating £500m of core profit by 2025, he insists. Brexit will be settled by then — in any case, he “wasn’t losing sleep over it” — and despite Covid-19, sales from China are picking up. Stroll is not restrained by modesty, declaring his achievements in six months — new management, new investors, clearing the stock glut of 1,800 cars — “more than remarkable, it’s monumental”.
“This is what we should be judged on: what has Lawrence done since taking over?” he says. “And what is the history of Lawrence? We all know what I’m worth.”
Stroll is devastatingly blunt about Aston’s recent history. “A lot of analysts and journalists were misled and have what I call a mad-on hangover about this company because of what the previous management did,” he says. “They over-promised and under-delivered.”
Its recent fundraising, borrowing at a rate of 10.5% on more than $1bn of bonds, means “this company is funded for ever”. And Aston’s battered share price — which at 52.8p sits below its recent 62p a share fundraising — will be “£6, £7 or £9 over the next five years”, Stroll proclaims.
https://bmmagazine.co.uk/entrepreneur-interviews/entrepreneurs/lawrence-stroll-the-canadian-petrolhead-leaving-aston-martin-shaken-and-stirred/