Member Info for c2645sg

How are they going to pay for all that?

Https://www.ft.com/content/166bd7a9-7849-4503-b779-92b38f561c5c

Net debt was £385m in January 31 2020 when Stroll took over.

It now stands at £1044m.

Take a bow, Lawrence.

Not even football team owners are that bad, just over 4 years of ownership and he's tripled the debt.

Small shareholders will soon be bagholders, I bet he takes it private and you'll all be left with nothing, no chance of making any of it back.

I haven't forgotten the amount of abuse you put my way, posting as 3300.

Another charlatan gambler with multi IDs thinking they are smart.

Https://www.investorsobserver.com/news/qm-news/7625390650801601

Stille harping on about Lagonda when Stroll killed that idea stone dead recently.

Wake up!

Newey is not interested in Aston purely because of Stroll.

Adrian knows Stroll is only going to sell the team when he has made enough money, and isn't interested in working with a part-timer like Lance, no-one wants to work with Lance except daddy.

What the Strollovich's don't understand is no-one actually likes or admires them, they just have to put up with them because they are rich and own the team.

...and here is my working.

AML burned through almost £200m in Q1.

Q2 will be similar, so let's call the total a nice round £400m.

Can you see them earning £401m in H2 to say they are cash-flow positive over the full year?

Nope, neither can the market.

The debt interest is £120m per annum, alone. capex on new models is £344m for the year. Mental.

Share prices drop for good reason, and the reason is AML are running out of cash at an alarming rate, AGAIN!

They need to raise £200m in the next 3 months and the market knows this.

Who wants to buy the shares between now and the next cash raise?

Shortermers who sell as fast as they buy.

It's going to be another brutal year, AML said themselves new models "by the end of the year"

That's another 8 months of carnage.

Shorts closing.

And MM have more stock than they want, so they raise the price midday to lure some more idiots in, thinking a bounce is on.

Q2 will be sore too, more of the same, wish a cash raise too. Double whammy.

I give them zero percent chance of FCF positive this year. Zero!

Larry, this is what happens when you try to charge more for cars, in a cost of living crisis.

Sales plummet.

Do you know why?

Because residuals are terrible, you've flooded the market with DBX and second hand prices are awful.

You roll out software for DB12 which simply doesn't work, now you're updating the WHOILE RANGE in 2024 with the same software.

THEY HAVE £229m cash available, the rest of the cash balance is actually debt/loans from banks.

Look at the reasons they raised cash in the past, to "cover all liabilities". Revolving credit facility is a liability.

Why do you find this so difficult to understand. You're either a paid poster trying obfuscate, or just stupid... Which one?

The last raise was announced at £4.40 and new shares were placed at £1.03.

The share price today is £1.37 and market cap £1.3bn, slightly above the net debt.

If they wanted to raise 500m with 4-1 offer, the offer price would be circa 35p.

You're an idiot, the cash levels are screaming "cash raise imminent" and you buy shares.

Stille = Noah, and they bought in a few months ago, now down on their gamble they pretend to "see value" in today's share price.

Don't trust a word of it.

Https://www.ft.com/content/e940dbf7-6021-482a-9c23-f3ae3f905731

Philippe Houchois, an automotive analyst at Jefferies, said the company was going through a “painful transition”, with a similar performance expected in the coming quarter as well.

Barclays analyst Henning Cosman said the business required “a fairly extreme hockey stick” in the second half of the year to hit its targets.

"The company spent £80mn on financing expenses in the first three months of the year, related to changes in the US dollar exchange rate and fees from paying back some of the refinanced debt early."

Https://www.ft.com/content/e940dbf7-6021-482a-9c23-f3ae3f905731

Total cash is misleading imho, £170m of that is a liability thats needs paid back with interest.

So cash is 229m.

Well below what they need as a going concern in 3/4 months time. Another 3 months of huge cash burn getting new models ready and they will DEFINITELY need more money.

Are you going to hold and wait for that cash raise?

Cash balance now

229.6 from 407.8

Available facilities

165.6 from 53.0

Total cash and available facilities

395.2 from 460.8

395m available, but 170m of that is revolving credit. Which is a glorified bank loan, ie debt.

Whats so difficult to understand about that Chesil?

Beachfront, yup, 4 months cash left, includig the revolving credit facility, which is debt, not cash.

Imagine how much they are going to have to spend on all new cars, inc DBX/Vantage/Vanquish when the DB12 had so many problems.

Cash raise within 2 months now, almost definitely.

They said FCF positive in 2023, then repeat it every results day...

"In 6 months, we'll be FCF positive..." Promise!!!!

AML007 said the new debt would repay all the old debt.

Remember this EVERY TIME he tells you something in the future.

NOT to be trusted 100%.

80m spent on financing expenses, and the debt interest is MORE than it was last year.

Ratings agencies have been done by Stroll, they might reverse their stance now debt is up and cash is well down.

FT:

Losses at Aston Martin widened by almost 90 per cent in the first three months of the year, after a sharp decline in sales of its SUV and higher interest costs after refinancing its debt.

Pre-tax losses were £138.8mn compared to £74.2mn a year earlier, while revenues fell 10 per cent to £267.7mn and car sales fell by a quarter to 945.

The company spent £80mn on financing expenses, related to changes in the US dollar and fees from paying back some of its debt early. Net debt rose to £1bn, from £868mn a year earlier.