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All support on the chart broken down to £1.
Cash raise coming soon.
You can only imagine at what price that will be.
Remember when they raised at £4.40 it was at £1.03.
Just think what raising at £1.50 smells like.
Refinancing priced in, what a load of tosh.
Wait til you hear what the refinancing entails. I will remind you of this post when it happens.
No one is buying shares with that round the corner. And shorttermers will be selling soon pushing it lower again.
SirePaul, show us all clearly how a company who loses millions of pounds per year can refinance debt CHEAPER than when the debt was taken out at near zero rates?
Then you'll have the ghost of a point.
The only way they can do that is raise vast amounts of cash (and the only way to do that is create more shares out think air) in order to refinance the debt because your leverage is reduced and banks see the company more favourably.
No-one who challenges me has answered this question clearly, let's see if you can walk the walk.
SirepaulEH
Posted in: AML
Posts: 28
Price: 201.00
No Opinion
RE: Aml in the future.18 Dec 2023 14:10
Come on man.
"refinancing" has nothing to do with paying off the debt (which amount to c.1 bn). Of course, it seems very likely that there is going to be a capital increase to partially amortise the debt.
Since early november i ve been asking them for clearing up our doubts on "fulsome refinancing exerice" but no answer received so far. So it is pretty obvious that there is going to be a capital increase. Hopefully similar to the August one and at current share prices. That sould result in 25m - 30m savings in financial costs
Note that Stroll said nothing about CR, only the CFO rebuked it.
The market would never trust Stroll again if he lied about it twice.
No way AML can refinance on better terms than when the rates were almost zero, when still making hundreds of millions in losses, sales declining etc.
AML cant even hit the already reduced sales target. Why would anyone lend them money with that track record? Banks aint silly.
Unsure how anyone can twists Goldman's words of missing the "COMPANY COMPILED consensus forecast" by 10% is anything other than a profit warning.
If that's not a warning that earnings will be materially less than expected, I don't know what is.
The sports car maker has revealed that it finished 2023 well, but Goldman said its fourth-quarter adjusted EBITDA estimate of £147 million (£268.2 million for the full year) is around 10% behind the company-compiled consensus forecast.
AMLhave said themselves there will be a fulsome refinancing.
How else will a company losing hundreds of millions per year pay off $1.4bn in debt and 700m in payables?
Cash raise or debt for equity swap. No other way.
Either way, tons of dilution coming your way, ignore it all you want.
Reasons why this is dropping?
DB12 are quarantined, so they can't be included in sales numbers, expect final year figures to be awful. (People held off DB11 sales due to Stroll telling them to, and wait for DB12, same for Vantage).
Which in turn leads AML to needing more cash, because they have spent a fortune on the DB12 and Vantage, and now need more money to fix them.
A company losing hundreds of millions per year doesn't have a magic money tree. They need to raise it somehow.
Fanboys are deluded....and angry they never listened and sold at the top, AGAIN!