Member Info for c2645sg

Of the £157 mil. of cash, about £149 mil. is from customer deposits. In Jan 2023, AML was holding £336 mil. in customer deposits. It would appear that the current line up of “Specials”, including the Valhalla, has rather spectacularly failed to refill customer deposit bucket as it has emptied with each Valkyrie delivery.

The people on this BB have no clue about the company, or how to read an RNS or balance sheet.

Here is the link to full year results with every mention of DEPOSITS in capitals for those who cannot seem to read.

https://www.lse.co.uk/rns/AML/preliminary-results-year-ended-31-december-2023-55pucpqgk5ljumn.html

Working capital outflow of £86m (FY 2022: £15m outflow) reflecting timing of December deliveries and the unwinding of customer DEPOSITS on delivery of Special wholesales, partially offset by a reduction in inventory and payables

Due to the high volume of Specials delivered in Q4 2023, there was a £66m decrease (FY 2022: £18m decrease) in deposits held, as balances on accounts unwound in the quarter, partially offset by ongoing Valour DEPOSITS collections.

Decrease in advances and customer DEPOSITS

(66.0) (17.9)

The Directors have considered a severe but plausible downside scenario that includes considering the impact of a 15% reduction in DBX volumes and a 10% reduction in sports volumes from forecast levels covering although not exclusively, instances of reduced volume due to delayed product launches, operating costs higher than the base plan, incremental working capital requirements such as a reduced DEPOSITS inflows or increased deposit outflows and the impact of the strengthening of the sterling dollar exchange rate.

Of the £157 mil. of cash, about £149 mil. is from customer deposits. In Jan 2023, AML was holding £336 mil. in customer deposits. It would appear that the current line up of “Specials”, including the Valhalla, has rather spectacularly failed to refill customer deposit bucket as it has emptied with each Valkyrie delivery.

Every car company is struggling, but AML are one of the worst because their debt is so high.

Debt has risen 60% in a year, let that sink in!

Cash is running out soon and they will have to raise more.... somehow.

From SSO link:

Debt & Liquidity

Net Debt is up £467 mil. to £1,217 mil. vs end Sept 2023. AMLs debt now significantly exceeds its market cap and is up 60% in the last 12 months.

In terms of Liquidity, AML had £157 mil. in cash and £154 mil. in available facilities for a total liquidity of £311 mil. as of September 30, 2024. Of the £157 mil. of cash, about £149 mil. is from customer deposits. In Jan 2023, AML was holding £336 mil. in customer deposits. It would appear that the current line up of “Specials”, including the Valhalla, has rather spectacularly failed to refill customer deposit bucket as it has emptied with each Valkyrie delivery.

Https://ssoreport.com/aml-q3-2024

AML has £150m cash left, and almost all of that is customer deposits.

Hover over this graph.

https://shorttracker.co.uk/company/GB00BN7CG237/

October 24th, shorts were at 3.3%

October 28th, shorts were at 3.36%

October 30th, shorts were at 3.51%

November 4th, shorts were at 3.64%.

It's really not difficult to read a simple graph.

Anyone who tells you shorts have reduced since Q3 results is LYING, or simply unable to read a chart and/or add up.

https://shorttracker.co.uk/company/GB00BN7CG237/

Https://shorttracker.co.uk/company/GB00BN7CG237/

Shorts just keep on increasing, the city knows what's coming.

Do you trust them or a multi ID idiot on here who lies about anything to get the share price up?

The party is over, get ready for the hangover.

£2bn needed for electrification, from a company who loses hundreds of millions per year.

New models are way too late, they should have been out when Covid free money was sloshing around. Now they are out too late. Stroll, is an idiot.

Trump is talking of tariffs between 10% and 20% for foreign goods.

Tariffs are inflationary for the rest of the world, which keeps interest rates high and potentially pushes them even higher.

Labour's budget is inflationary too.

Interest rates at 0.5% are well and truly gone, and with that goes cheap deals at low prices.

Now we have much higher prices, higher interest rates, and now tariffs at 10-20% in AML's biggest market.

If you think sales will increase, you have your head in the sand.

Nice to see Hallmark got free shares for doing diddly squat

Https://www.pistonheads.com/gassing/topic.asp?h=0&f=70&t=2044684&i=900

New cars are just too expensive, especially luxury prices. China have taken all they need from western brands and are now taking over sales

I wonder how many more cars AML will sell in the US with a 10% Trump tariff?

The whole car industry is in crisis.

AML have only 150m left in cash and MOST of that is deposits.

The other £150m is the credit card, and that just gets added on to the debt mountain.

Won't be long til the next cash raise, as the order book is super light, and AML know it.

If it wasn't PIF selling a boatload of shares in the last 4 weeks, who was it?

Saudi Arabia’s sovereign wealth fund plans to scale back the share of its international investments by about a third, drawing a line under the past decade’s multibillion-dollar global spending spree as it refocuses on the domestic economy.

The wealth fund has already sold down its stake in BlackRock, and disposed of its holdings in Carnival, the cruise liner company, and entertainment group Live Nation. According to filings at the US Securities and Exchange Commission, the PIF’s traded stocks in the US fell from about $35bn at the end of 2023 to $20.5bn on March 31, before stabilising in the second quarter at $20.6bn.

Rumayyan said international investors who had previously sought funding from the PIF were also shifting their approach. “We’re more focused on the domestic economy and we’ve been achieving and doing so many big things,” he said. Now, he said, there were more “calls for co-investments” with the PIF instead of “people who want us to invest or take our money”.

Jefferies:

"The firm now projects a negative free cash flow of £424 million for 2024, significantly increasing the likelihood of new equity needing to be raised."

H1 was 313m cash burn, so Jefferies are now expecting AML to burn another 111m in H2.

AML say everything is sold out, it's the very definition of bespoke/made to order.

Https://www.ft.com/content/b95f9a64-c582-4367-9645-6a7106357849

The number of China’s dollar billionaires has fallen by more than a third in the past three years, according to a “rich list” compiled by research group Hurun, as government crackdowns, weakness in parts of the economy and depressed equity markets take their toll.

Since hitting a peak of 1,185 in 2021, Hurun said the number of dollar billionaires had been reduced to 753, with the 36 per cent decline exceeding a 10 per cent fall in the renminbi’s value against the dollar over the same period.

In the past year alone, the number of dollar billionaires in China declined by 16 per cent, when the renminbi depreciated only 2.5 per cent against the dollar.

AML now is the 6th bottom company in the FTSE 250.

Something big needs to change otherwise they get relegated in December.

Even if they raise circa £175m, that is around a 1/5th of the market cap now.

They should have done this with the profit warning at 160p, taken the hit at the same time.

Now there could be another 20% dilution.

Knighthood for Larry! Running the company as well as hey ran Asprey & Garrard (ie into the ground).