Member Info for c2645sg

How are they going to pay for an increased revolving credit facility, especially with a reduced cash balance?

I see the revolving credit facility is to increase from £70m to £170m.

Cash from the balance sheet also used to pay for debt refinancing.

Https://www.ft.com/content/74713a22-f557-43d3-8952-645de8211ee7

Do you honestly think a sociopathic millionaire watching Lance write off a car under no pressure in AML colours is going to go out and buy a Vantage because the safety car is also AML?

You’re as deluded as Stroll senior.

SSO admits who he is on pistonheads and twitter.

You keep trying to weave a false narrative, it won't work.

I definitely am not SSO/karenable.

No sensible person listens to anything Noah tries to say.

But the share price agrees with me, not the rampers.

30% in a day, brilliant.

Someone's under water already and ramping to the hilt.

How do you know this will rise if there's no dilution?

Hope is not a strategy.

AML is down from a share price of£3.50 just 6 months ago.

I think that tells you exactly what the market thinks of the forthcoming refinancing.

Core ESPs were up 6%, WHICH IS LOWER THAN INFLATION!

Total ESPs were up 14%, hence why I said specials were the only reason they were up (not nominally, in REAL TERMS).

What happens if Lucid goes bust? More bad news for AML, after throwing all their eggs in that particular basket.

"In total, the stock has lost about three quarters of its value since listing in 2021, though this is a smaller fall than for many other EV start-ups, some of which have gone bust. "

AML007 must be close to your average now, huh?

https://www.ft.com/content/356479d2-f08b-4ab1-9233-3a2bc49596ff

Lucid in real trouble now, sound familiar?

The boss of Lucid Motors said the US electric car start-up must not rely on the “bottomless wealth” of its Saudi Arabian backer as it looks to raise funds over the coming year.

Peter Rawlinson said the company, which is 60 per cent owned by Saudi Arabia’s Public Investment Fund, was “looking at every aspect of cost” as it battles to reduce spending and raise output of its luxury electric cars at its factory in Arizona. 

While the business had enough money to last into 2025, he said, it would need to raise funds again. Lucid had $4.78bn of cash at the end of 2023, and is burning “around $1bn a quarter”. 

Https://www.ifre.com/story/4435759/aston-martin-planning-gbp11bn-equiv-usd-gbp-5yr-or-7yr-adds-links-wkskmffxfm

Https://www.ifre.com/story/4437011/aston-martin-refinancing-faces-uphill-battle-after-fcf-disappoints-dzrwpbtysy

Asp’s are only up because of specials, including valkyrie.

Cash flow positive was supposed to be 2023 what happened to that?

When a company is losing all the money it raises every few months, it doesn’t take a genius to work out when they need another one.

Within 4 months.

Let’s see how right I am.

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.

Where have all the tampers gone?

Aml007?

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