Member Info for Ghini

Yeah but what does "sold out" mean, give us numbers ;)

I guess we can figure it out after a full quarter of production?

Anyone got any insight on the DB12 production planning?

They said sold out for the year, dealers supposedly are saying sold out until summer ' 24.

But what does that mean? Same amount as DB11?

Thank you @TheDuke2 !

It was not my intention to spread false information, unlike others here.

I should have checked before I posted that. I remember at the time dept was not reduced a lot, also outstanding notes stayed at same level.

Thank you @chesil. Proves my point.

"The rating action further reflects AML's recently completed placing of £210 million of new shares and its plan to use the proceeds mostly for the early redemption of its second-lien notes with a face value of around £186 million. The planned repayment of the second-lien notes is evidence of a more balanced financial policy which includes the accelerated target to achieve a company-adjusted net leverage of around 1.0x by 2024-25."

"its plan" and "planned" btw are not evidence, it has not happend yet.

@david obviously completely twisted it by saying: "the proceeds of which WERE primarily used to prepay its £186 million second lien notes" as if they already paid off the second lien notes.

After the 575M cash raise where AML promised to pay off over 200M but ended up paying off only 75M I think it is fair to stay sharp on these "promises" and point out false statements, intended or not.

What a wonderful world for AML that parties like Moody's are so easily bent over. Would be fair to wait until dept is actually paid before changing their outlook and rating.

"Moody's noted that the group has completed its £210 million equity offering, the proceeds of which were primarily used to prepay its £186 million second lien notes."

Is that a direct quote from Moody's? Source?

I am interested in the part; "which WERE primarily used to prepay its £186 million second lien notes"

Did they already do that and use that money? That would be fast.

Also, since the big cash raise when PIF (575M + 78M) came on board they also promised to pay off a huge part of their dept, but in the end they only paid off 75M. That is why I am asking :)

Sure David, its always a positive when the CEO plans a share placement and does not share that information during an earnings call just days before the placement.

Can someone explain why Stroll sold a portion of his holding not long ago, than Geely came onboard and now Stroll buys more than shares again? What is going on there?

Also Yewtree bought a lot more than Geely. Even MB bought more than Geely.

It would help if they shared what "Customer deliveries are commencing in Q3, and are sold out for the rest of the year" means. Sold out means they had a certain production number for this year. Maybe they have to switch things up in the factory and only a small amount can be produced this year. We dont know.

Last chance to post your predictions!

Stated in the RNS this morning:

"Aligned with this framework, the Company expects to invest c. £2 billion over the next five years (2023-2027) as it invests in its long-term growth and the transition to electrification. This is comprised of c.£1.8 billion of capital expenditures and c. £200 million in technology access fees to the Company's strategic suppliers and partners over the next five years, including the payments related to its proposed strategic supply agreement with Lucid Group, Inc. ("Lucid"). "

Their dept and spending rate were still too high last report, after that they got some money but not a sh*t load. Where will those 400M per year for five years come from?!?!

Thanks.
Yes, great source ;)

"In 2023, AML expects a cash flow similar to H1, 2022."

Did AML say that? Source?

It was worth it to get back in at 90 Stille :)

Those are odd numbers...
Just a couple more days waiting for FY report.

Oh dear Tiny, trying to put me in the same corner as karenable, again, for no reason.. I do not have an agenda. How about you?
I'll rephrase because I do not try to be negative for a reason and for sure I do not try to put AML in negative light. You try harder to push me in that corner than I try to put AML in negative light. And everyone that likes your posts all just want to hear about rainbows and nothing else, I wonder why..?
But I am no Tiny man, and will try to say it in a different tone.
How I know AM put themselves in a difficult position? Well you are right, I do not 100% know. But can you prove everything you said on this board with 100% facts? No I dont think so. Please stop assaulting me for no reason, you TinyTiny man..
It happens I know quite a lot about manufacturing, product development of all sorts and its costs. Yes you are correct, I can not prove that making a complete new tub for Valhalla is more expensive than re-using the Valkyrie one. But, just by looking at both cars (yes I know Valhalla is only prototype, oh and yes I have seen both in real life, how about you TinyMan?), you can see the tub is not the same. Valkyrie ****pit is narrow as. Valhalla is more spacious. Now do you have any idea how much time goes into designing a carbon tub? That needs to be crash proved etc? Do you have any idea of the costs? Plus the costs of the crash testing alone? You are right, I do not have the prove, or the factual numbers of AMs costs for that. Do you? I can only applaud AM for building a specific tub for Valkyrie, that was the only way to achieve the aero shapes etc. But that does not mean the price of development of the Valhalla could not have been lower if they had a tub they could re-use. Valhalla is limited production. Yes 1000 pieces is a lot more than Valkyrie but the price tag is also a lot lower. Sure they will ad a spider version as well, wich will help with the numbers and spreading the costs. But it will always be more expensive for AM, so lower margin, than if they could have re-used a carbon tub.
Maybe AM found a clever way to keep costs down, yes I do not know for 100%. But even if they could re-use Valkyrie tub, or parts of it, re-design, make it wider, that is all not easy plus needs new crash testing. Again, it will always be more expensive than if they could have re-used a tub, that is all I was saying. Does that still spread fear in your opinion, TinyMan?
Let me make your day: I find the Valkyrie, even with all its levels of extremeness, a beautiful car. Its a crazy thing to see and hear but it still has beautiful lines. I hope AM can finish production asap so they can start up Valhalla sooner rather than later. The whole three car mid engine program was a good idea for AM. But, to make it profitable they have to play it smart. I am still hoping there will be a third model in the future.
Have a great day TinyMan, pease stop attacking me for no reason.

Thanks for clearing that up Paul.
I am also interested in the production of Valhalla, indeed because of the price but it is still limited numbers. Do you know more about the carbon tub? The Valkyrie tub is too narrow for the Valhalla. On that point AM made it very difficult for themselves. If they could have re-used the tub that would have saved a lot of time and money..

@AML_007: good point, but I still do not see it happening they will start building Valhalla's in 2023. Reason is those will probably be built by Multimatic, like the Valkyrie. They cant do that in house, and we never heard them talk about another partner? Valkyrie production is somewhere between 50 and 75 built? So I expect another year of production for that. Yes production rate went up but that curve will flatten or already is at its max. Very small chance that MM will start building Valhallas before Valkyries are finished. Also MM has limited production and they have several big projects going on atm. (AMG One to name just one..) AM has very little control on production of Valkyrie and Valhalla.

First deliveries end of 2024, new timeline indication for Valhalla. Some said production would start in 2023.

@livestock: more info? Why? In November, a week after Deutsche lowered theirs, Barclays raised their target to 175 and now to 200. Based on what?

To be fair, about the number of cars sold, they had to lower their target.. Would be very odd if they suddenly sold more than their original target.
Any other reasons for the steady rise?