The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Db12 in production from mid year, it still doesn’t work? Priceless.
All that money on D&A and massive problems?
We don’t believe a word you say Chesil.
It’s all the same vacuous nonsense by someone losing money on their investment, saying anything to try and protect it.
It won’t work.
Answer me this…
How does AML pay interest on the debt when they can’t even achieve their already reduced sales target for 2923?
Profits warning is now nailed on.
The last time we heard rumours of a ceo and cfo getting sacked because of terrible sales numbers, it was denied, then sacked weeks later.
Stroll has raised almost 2bn and ploughed it straight into a company in turmoil, lurching from one crisis to the next.
Stroll has utterly failed, just like Asprey and Garrard. Throwing money at things and screaming ‘ultra luxury’ does not solve ANY of aml’s problems.
Same intense losses more like.
A sharp drop in UK sales in November for AML, only 38 cars sold, 72 last November.
HALF!!!!
Mirror this round the world and you can see Q4 results being atrocious.
Maybe that's why there are rumours of CEO Felisa getting the boot.
That's right Larry, keep sacking people and keep the heat off yourself.
Stick to handbags!
Q4 also has the debt interest deducted, so expect a howler... don't say I didn't warn you.
No surprise there. I bet Stroll is horrific to work for: Entitled, useless & rude. No redeeming features whatsoever.
https://seekingalpha.com/article/4661221-aston-martin-still-neutral
Your posts dom't age well do they?
Richard365054
Posted in: AML
Posts: 1,503
Price: 332.40
No Opinion
RE: New Vantage??22 Aug 2023 15:08
From recollection, AML previously said they would be launching a new model every quarter. Volante versions count as new models and Valhallah is now very close. Can't remember the article or publication but it has appeared in print that the Valhallah would commence production later this year with deliveries in early 2024.
All those words and you failed to answer my question.
I am not pushing anything. Other than the fact that AML's dilemma is this:
They can't afford to completely revamp all their cars.
They either go with minor facelifts and spend moderate amounts of money they don't have, or they competely revamp the cars and spend even more money they don't have, and have to fundraise huge amounts.
Asking more money for cars with have AWFUL residuals does not help the case for selling them to rich people.
A reminder:
DBX wholesales were down 7% in Q3 2023
Vehicle wholesales down in 3 of the 4 regions in Q3 2023 vs. Q2 2023
AML need to shift 2,307 cars in Q4 to reach their already reduced sales targets for 6,700 (from 7,000 originaslly) when normal quarterly run rate is 1,466 cars.
AML's debt is £1.3bn, which costs over 100m per year in interest, alongside huge amounts of payables owed to suppliers.
They have burned through the £311m they raised in 2023, totalling almost £2bn cash thrown into the furnace since Stroll took over.
I guess it all depends on whether you trust a proven liar (Stroll) or not.
No update for DBX in 2024, like I have said all along.
Trouble ahead!
https://www.motortrend.com/features/2024-aston-martin-lineup-changes-updates/
11? this won't scratch the surface when they need to do a 'fulsome refinancing in early 2024'.
straight from the company's rns.
https://www.autoevolution.com/news/depreciation-hit-the-s****y-aston-martin-dbx-like-a-truck-226967.html
no rich person buys things which depreciate this appallingly.
Https://www.pistonheads.com/gassing/topic.asp?h=0&f=70&t=1942480
Filtered. Another useless idiot who's average is £16 and still thinks he is right and I am wrong.
Orange350
Posted in: AML
Posts: 20
Price: 1,208.00
No Opinion
RE: Simply wall street £14.57 PT1 Feb 2022 12:08
Stroll I am convinced will come out on top, everything he has done in the past has been very lucrative, he inherited this deal ! I have been an investor since they launched my shares average out at £16.02.
well done lawrence, such a pro! we love you....
just think how much all of this is costing. no wonder aml burn through hundreds of millions every year.
profits warning to come, sales targets missed, and cash raise following on swiftly.
https://www.pistonheads.com/gassing/topic.asp?h=0&f=70&t=2031693&i=600
i think the aggressive schedule of launch on the db12 has not been helping things combined with other factors really.
1) launch press cars were not finished to an even higher degree than some road testers truly knew. it is semi pointless drawing too much insight from the traction control side of things on them (and therefore mode changes) because those cars were running modified db11 software to simply have something on them
2) sales teams were left floundering without demos of any description for ages post those reviews, because there was no cars in a finished enough state to send to dealers (and even then most at dealers that are on the private plates) are actually pre production cars still owned by ***don not the dealers.
3) number 2 was impacted because of the new star network, many new modules on the network and some incomptent outsourced software suppliers and also regarding tc systems an initial blame game between bosch and mb.
4) certain incidents on the production line or during testing, usually as a result of contractors from what i have heard sadly (think stupid stuff like blocking drain holes, coolant lines not being secured upto and including a few customer cars being crashed in and outside the factory)
5) am's decision to focus on federal vehicles initially over other regions
prices on dbx will fall further once the mcf is out, but in my honest opinion a used one might represent a good deal for some.
In the Q3 results, vehicle wholesales were down in 3 of the 4 regions in Q3 2023 vs. Q2 2023.
DBX wholesales were down 7% in Q3 2023
Why would you think sales are improving when those figures are in black and white in the most recent results?
I doubt Stroll is much interested in saving AML,. he just needed to ride this ticket long enough to give his son a free meal at the F1 team.
Are we selling more cars becuase of F1? How much are we paying for the privelidge?
Almost 3 years in and no more cars sold than before, actually fewer.