Member Info for Dunnieboy

Crank, i do apologise, but if you read through some posts it wasn’t so obvious to others.

Crank, I was addressing you and 3300 post, the settlement date and that only institutional investors could buy.

Crank there’s they have all been placed and Nov 16th is the day they settle/pay for them, with regard to anyone buying them they can’t, the bonds are only for institutional investors.

The directors have considered a severe but plausible downside scenario that includes considering the impact of a 30% reduction in DBX volumes, a further 4 week period of factory closure due to Covid-19 restrictions, operating costs higher than the base plan and additional cash requirements linked with the end of the Brexit transition period

That was in the statement accompanying the accounts.

Richard, in the accounts they’ve made provision for a months lockdown and any impact on the DBX or Brexit.

No body seems to think the sp will rise tomorrow, but considering they announced they’d raised £820m from the bond sale on Friday I think it’s possible, the possible lockdown was mostly in the price but obviously it got confirmed on sat, but don’t forget they didn’t announce that they’d sold the bonds till after business closed on Friday.
I’ll go 58p finish tomorrow.

Cape, they could but Mercedes will own 20% and the deal allows Mercedes to appoint one director now & a second director once they reach 20%, so to do it they would have to act corruptly & go behind their partners & the directors backs, remember the case of Guinness directors years ago they all took part in a illegal ‘share support scheme’, and the directors got sent to prison.
Far more likely they’ve set the bar that low at 62p they couldn’t miss it unless something catastrophic happened.

Wylie, if he got it wrong we’d slaughter him, so we must give him the benefit of what’s he’s achieved.
Maybe a slice of luck with timing, but he had it all set up, possibly that’s why they moved the announcements forward & it wasn’t because the Bond film was cancelled.

Stroll paid tribute to all the hard work they’d put in over the last six months.
We now have £500m in the bank.
Sold £820m worth of debt into the market, only YESTERDAY.
Today they announce a months lockdown.
If we tried to sell the bonds next week then it either wouldn’t happen or we’d be charged 15%.
Stroll worked hard & got lucky, or did he?
Well considering he had made provision in the accounts for a one month lockdown then I’d suggest;
Yes he got lucky because he worked damn hard, and on Monday we may go down, but more likely it will ‘LUCK’ like Stroll has puled off a mastersroke, and got lucky.
P.S. As luck may have it thank god the Bond film release got cancelled and thus they made the announcements early.

John, trying to second guess the market is a dangerous game, markets don’t like uncertainty, so now we are know there is going to be a lockdown the mkt ‘could’ go up.
This lockdown people in certain sectors such as car manufacturing can carry on.

3300, you would like Moers to start shipping in vaccines for Aston Martin staff, you really are a ‘piece of work’, there are front line workers we need to take care of first.
I think you should be put out to grass with your donkey’s.

In the projections AML has made provisions for a further lockdown, our boys have covered all bases.

The directors have considered a severe but plausible downside scenario that includes considering the impact of a 30% reduction in DBX volumes, a further 4 week period of factory closure due to Covid-19 restrictions, operating costs higher than the base plan and additional cash requirements linked with the end of the Brexit transition period.

I have a very simplistic view, is the company in a better state this week than last week, YES.
They can’t magic the debt away but it’s been sold to people with appetite for risk.
The front page of the Daily Mail is predicting lockdown for roughly a month from Wednesday, in AML’s forecasts they have made provision for a month’s lockdown, they’re on the ball, imagine if they tried to sell the bonds next week it could be a unmitigated disaster.

Aston Martin climbed5.4% as it successfully priced its bonds.
However, in order to attract investors the 007 car maker had to increase the yield on the $1.1bn(840m) of bonds to 10.5pc, making it one of the highest yielding bond issues in Europe this year.
Aston were targeting between 8-9% yield, but probably knew they’d have to give a bit more due to market conditions, but the positive is the debt has been spread over a few more years and as well as selling the debt we have paid off a lot of short term debt, and we now have £500m in the bank.
Also as markets improve & our debt rating improves we can refinance at a much lower rate.

A master magician at work, Houdini Stroll has pulled it out the hat with this one.
He saved the company certainly from a real crisis.
Hired top management.
Brought together the Yew Tree Consortium.
Raised money at the worst possible time.
Got Mercedes to take a further 15% of the co, apparently this was key to selling £820m worth of junk bonds into the market.
The £820m is going to either pay off or refinance any short term debt, the company will be left with £500m in the bank.
A true maestro at work.
Ken Gregor & Tobias Moers must also be congratulated.
This is a amazing turnaround in six months.

Told her I’m slipping behind Crank with the info, can she give me anything to go on.

Crank, in fairness Charlotte always responds, good relations with shareholders is definitely part of the plan.
She did ask what 3300 is going on about with Donkeys & carrots,lol

Asked Charlotte what’s the timescale on the bonds, response below.
Hi,
Anything below Moody's Baa or S&P BBB rating is defined "Junk grade", with anything at or above those levels defined "Investment grade". Our ratings are below that threshold, so yes. Sure you have seen improved outlook from Moody's yesterday and re-iteration from S&P today.

As soon as we have priced we will announce to the market (we have to under the regs).
Kind regards
Charlotte

Rob, Motley Fool did a good piece on AM, instead of the mkt cap they looked at the ‘Enterprise Value’, basically throwing everything in stock, value of factories, land owned, debt and cash in hand.
They valued the co at 1.66bn, that was before the latest fundraising and the sale of the bonds, so that should have took it up to between 2-2.5bn.
That against a mkt cap of 1bn.
It’s a bargain.

Mercedes have also agreed on a 365 day lock in before they can sell any shares, the 365 day lock in starts from when they receive the second tranche of shares, all bases covered.
I’ve also emailed Charlotte to ask what is the timescale on selling the Secured notes, I’ll let you know if she responds, you would assume most of them are placed.