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229.6 million cash left at end of Q1.

Q1 cash burn was £192.4.m

Q2 cash burn due to be £150m

Therefore £79m left in 6 weeks, not enough to cover all liabilities

229.6 million cash left at end of Q1.

Q1 cash burn was £192.4.m

Q2 cash burn due to be £150m

Therefore £79m left in 6 weeks, not enough to cover all liabilities

And stroll was in charge of Asprety and Garrard, and manages to out that into liquidation, so enough of the “this guy can do no wrong” nonsense.

He has trebled the debt raised almost 2bn from shareholders and still making huge losses! 4 and a half years later!

How can they buy it when there is only c.11% free float?

Some people are just dumb. Do some homework before posting. Do some homework before investing.

You still dumstruck that it’s not 4.50 yet?

Wait til you see the share price of the next cash raise!

229.6 million cash left at end of Q1.

Q1 cash burn was £192.4.m

Q2 cash burn due to be £150m

Therefore £79m left in 6 weeks, not enough to cover all liabilities

Another terrible gambler....

All_Shook_Up

Posted in: AML

Posts: 31

Price: 353.60

Strong Buy

RE: order book concerns26 Jul 2023 11:03

I am convinced that Q3 and 4 will accelerate orders and demand. The fact that the business has invested already so heavily already in the new model engineering and styling, let alone the R&D investment and design for the future model line-up, yet has managed to lower debts so significantly, really shows what progress is being made. If this continues I do not see the targets a problem at all. It will also be interesting to see how the niche manufacturers deal pans out to be given longer to reach electrification across the range too. This could spread investment needs over a longer period which would surely help?

All_Shook_Up

Posted in: AML

Posts: 31

Price: 360.40

Buy

RE: Aston Martin expected to post second quarter profits of £41m19 Jul 2023 18:00

Goldman Sachs seem to have more of an inside line on AML as they cite a pipeline of exciting models. Following the brilliantly revised DB12, it will be great to see a totally transformed Vantage and roadster, next gen DBX with hybrid and a hint at all electric coming down the line. I was at Goodwood this weekend and saw the Rolls Royce Spectre. Stunning car and the reviews state that in ev trim it actually improves the Rolls experience. Be interesting to see how AML can do the same with the a new 4 door coupe format. I'd exp CT that the order books in the last 2 weeks will be referenced as an increased demand for DB12 and this paves the way for future demand. If Goldman are pitching a £41m profit target I wouldn't argue, but I am sure orders will be accelerating. In any event, it's good news. Like I said before, if this isn't at £4.5 in a couple of months I'll be gobsmacked.

Stop ramping other shares. You're losing money because you are a rampant gambler.

Https://www.fitchratings.com/research/corporate-finance/fitch-assigns-aston-martin-first-time-b-exp-stable-idr-rates-proposed-notes-b-exp-11-03-2024

B

Highly speculative

'B' ratings indicate that material default risk is present, but a limited margin of safety remains. Financial commitments are currently being met; however, capacity for continued payment is vulnerable to deterioration in the business and economic environment.

There is me mention of when cars will be sold, “by the end of 2024” is what all are saying.

That’s a long time to wait with 79m cash left.

Ok, load another 100m on the credit card, net debt increases again.

I wonder how the rating agencies will see that.

Same old AML.

New models and all their teething problems costs money.

The db12 alone added 200m to the debt.

Oh yeah, Q2 ends sooner than I thought.

Yes Chesil , let's load up more credit/debt on the balance sheet, that's working well so far?!

The whole reason AML share price is awful, is the debt. £1.2bn, more than the current market cap.

The board promised a better deal, but net debt has increased 20% in 3 months.

Yes, and all of that costs LOTS of money AML doesn't have.

229.6 million cash left at end of Q1.

Q1 cash burn was £192.4.m

Q2 cash burn due to be £150m

Therefore £79m left in 3 months, not enough to cover all liabilities

What's your average here Noah?

229.6 million cash left at end of Q1.

AML said themselves Q2 would be similar to Q1, so 192.4 million GBP cash outflow, minus interest 42.6 million because it has been paid already in Q1.

That means burning through c.150m this quarter.

229 (cash left) - 150 Q2 (cash burn for Q2) = 79 million.

That is not enough to cover all liabilities.

Cash raise. Incoming. Driven.

The last time shorts increased they was a cash raise on the way....

I see AML short selling has increased again....

No mention of when is due to customers. Will they run out of cash before then?

All the DB12 reviews were amazing, and the thing still doesn't work properly.

229.6 million cash left at end of Q1.

AML said themselves Q2 would be similar to Q1, so 192.4 million GBP cash outflow, minus interest 42.6 million because it has been paid already in Q1.

That means burning through c.150m this quarter.

229 (cash left) - 150 Q2 (cash burn for Q2) = 79 million.

That is not enough to cover all liabilities.

Cash raise. incoming. Driven.

AML reported 154 sales for the UK in Q1.

Now this website is claiming 462, a MONTH later.

Something is not right here.

Starting with the first target, in 2023, AML wholesaled 6,620 cars. Conservatively, high single digit would be at least 7% growth or 7,083 cars. Given Q1 actual was 945 cars wholesaled and AML’s is stating that Q2 will be “broadly similar to Q1’24”, AML would need to wholesale 5,193 cars in the 2nd half of 2024 to meet guidance. In 2023, AML wholesaled 3,666 cars in the 2nd half and the same number for 2022 is 3,736. To hit the guidance, AML would need to deliver 2nd half growth of 42% vs. 2nd half 2023. Versus the 1st half of 2024, it would be 175% growth.

https://ssoreport.com/aml-q1-2024-result

What's the likelihood of someone taking over a company with more debt/payables than the market cap, who desperately need cash to stay afloat in the next 3 months?

Pretty small I would imagine.

You really are getting desperate now. You know when posters want a takeover that almost all hope is lost.

Any takeover would mean a 10% premium to holders, so no chance of making back all the money you lost.

More chance of all of them taking it private to get away from stockmarket glare, as the numbers are just getting worse.