Always an interesting read, his opinion normally clouded by hate of Stroll though and general not really that knowledgeable on the car build business, for instance this comment stands out " Stroll must be seeing something I am missing. Q3 2023 revenue is down vs. Q2 2023 and the growth Vs. Q3 2022 " Yes he's seeing how many cars were built in Q3 that they couldn't retail because of the software issues they have announced. Now that is fixed they will be essentially shipping two quarters worth of cars in Q4.
Https://www.instagram.com/reel/CzG3fpiKOjQ/?utm_source=ig_web_copy_link
If people want to talk about how low this can go its worth looking at how high it can go.
https://uk.movies.yahoo.com/ftse-100-still-achievable-aston-102714177.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAGBbKxNbc17hNku3QWqFhhnFw-U9a0Iao5lObAWdpwVHeMbndtHL0yipiGaj5zlTL7macRtda7VIWVJh1L3XE--umeNfpQvL501suZ
This was posted earlier but got swamped in the general excitement of those on the short side.
November 01, 2023 at 07:55 am EDT
Share
(MT Newswires) -- Goldman Sachs on Wednesday trimmed the price target of Aston Martin Lagonda Global (AML.L) to 4.08 pounds sterling from 4.17 pounds, with an unchanged buy rating.
Baronbigod thanks for this below,
i read the results first thing, looked ok, thought they would be more cars short than they are so great. Literally looks like most people haven't even read them fully by the comments on here!
Refinancing = Replacement of old debt with cheaper new debt
Refinancing NOT = Repayment of debt from share issue.
£100m of 15% second lien repaid next month bringing debt down to £650m.
£550m of 10% senior unsecured likely can be refinanced two points cheaper, balance of £100m 15% second lien.
We are looking at halving interest costs from £120m in 2023.
1. US deliveries of DB12 aint going to be until Q1 2024, so why would the Vantage be anywhere close to that?
Deliveries to regions are always staggered, I believe UK is first for DB12, not long until we have some vantage news I hear
2. If this breaks £2, support is at £1.
That’s a very big if, probably best to get the facts, we will know more next Wednesday, then maybe discuss direction after that.
3. Q3 will be awful as the pound has slipped against the dollar again, therefore a negative impact on the dollar bond debt 'headwinds'.
These interest payments are booked in Q4 I believe, more than happy to be proved wrong.
4. DB12 problems/delays mean, no sales of that will be in the Q3 report.
I believe the DB12 push at Aston is for year end not Q3, I would expect Q4 as per usual to be heavily loaded, not sure what they had planned for deliveries of DB12 in Q3 so lets see on Wednesday. If they are short on Q3 DB12 deliveries I wouldn't be surprised to see the 200 million debt repayment shifted to Q4.
5. Add a potential cash raise (it's always autumn) and I don't see much positivity here, the market agrees.
Well there’s always a possibility, but I’m thinking no and so are several analysts – let’s see Wednesday
6. Whoever is selling, hasn't finished yet. I'd say they are selling to Geely, and Geely are more than happy to buy lower.
Geely buying? Well lets hope so, that will trigger a bidding war for stock and will be share price positive. I’m not convinced that PIF will be happy to have Geely in charge so I think its unlikely to go anywhere.
It doesn't mean Stroll is going anyway. Its Aston Cognizantr now, next year it will still be Aston Martin but with a new title sponsor, so Aston Martin Aramco or some other brand, whoever it is they will be probably be paying more for the privilege than Cognizantr.
Aston Martin Lagonda Global Holdings Plc Executive Chairman Lawrence Stroll says the British luxury-car maker needs no new funding “whatsoever” to compete with Ferrari and other elite brands.
“Our last capital raise was money to pay down our mezzanine debt, which we’re going to do very shortly,” Stroll said in an interview with Bloomberg TV on Wednesday. “Otherwise, the company is fully funded.”
i'm going for a look around the ***don production facility in october, as a guest of a friend of a friend that works there. i'm being told the current production is at record levels, so i'm going to have a look for myself. current price action is the result of a quiet patch news wise and low volumns imo it shouldn't worry long term investors, well it doesn't worry me anyway.
Same upgrade with a slightly different angle.
https://ca.finance.yahoo.com/news/aston-martin-first-stock-analyst-094226152.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANhL-v-EhEEZ5spV3WyDMvRfDPbIKpCnjXauYgNjg_L_3zdAf0gSRpltM4pJ3NeKPcRADIetrI85NkMMcKW76sfUl72p_w7Aa2ZWezOWwFE3cpuRqMf_r-TfL9ALVZRR0w4T3qMP5le9VtjiTV3TVyHVZ3NBxkFKf306__Z0hLTd