Member Info for Ghini

@FINTECH: you clearly have no idea what you are talking about, have no idea what happend / what happens with a RI etc.
Also you think that the value of this company can double by the end of the month?? Why would it do that? Because the sun is shining in your location and that makes Aston Martins huge dept and other problems magically go away??
Why would you post such nonsense if you clearly have no idea what is actually happening??

- You can start here: https://www.astonmartinlagonda.com/investors/regulatory-news
- Google search for: "Aston Martin Lagonda + PIF"
- Read some of the threads and posts here about the Rights Issue (RI) and what your options are.
- Google search: "stock dilution"

Most probably already read this but the results of the general meeting are:

Authority to implement the Placing and allot the Placing Shares: 99.97% for.
Authority to disapply pre-emption rights in connection with the Placing: 99.94% for.
Authority to implement the Rights Issue and allot the New Shares: 99.67% for.
Authority to disapply pre-emption rights in connection with the Rights Issue: 99.65% for.

Full report here: https://www.astonmartinlagonda.com/investors/regulatory-news

@c26: I believe Stroll his share in the Yewtree shares is around 22%, got that from the prospectus. So in total that would mean after this RI he would be in for over 130M. Yes he might be a billionaire but you dont put that amount in a company in such a dire position if you dont believe in it or just to fund your F1 team. Stroll is putting more money in this round to keep his share on the same level. To say he is doing this all just to fund his F1 team is too thin. Now I agree that the construction is way too good for him and I still cant believe AML agreed on all that but it was probably part of the deal from the start. Just a smart construction for him, and his son. (AML 30M > AM F1 > 7M Stroll Jr.)(Stroll paid 90M pounds for the F1 team, gets 30M from AML each year. Not clear how much he put in after he bought the team but they are investing in new factory and windtunnel)

@AML_007:
"Especially as PIF’s total investment of £174m (Placing + RI) will have an average of just £1.49!!
Which would put PIF up £33m (on paper) if AML’s forecast TERP of £1.78 was achieved."

This is what baffles me. AML needed money sure, but this deal PIF got.. Its too good right? Yes AMLs position is dire but the stake they got for that money with much lower risks etc.. I've said this before: there must be more going on..

@Poleaxe: "Some people get worked up over dilution. Dilution means you end up with a smaller percentage stake in the company. However, they overlook that the company valuation increases. It means you end up with a smaller stake in a company which is worth more. As long as the market doesn't lose faith in the company, dilution should be offset by the increase in the market cap and you should be no worse off."

All valid points but if you name the positives you also need to pay attention to the problem areas right? The company unfortunately was and still is in decline. Dept after RI is still huge and probably still growing + they need to invest a lot to get ready for EVs etc. There are still a lot of things they need to change if they want to turn things around. Dept and cash is only a small part of the equation. They also need to sell more cars etc. So the valuation after the RI is uncertain. It might start with a straight forward number but how people valuate it after the RI..thats where the risk come in. Its not like all problems a suddenly gone right? DYOR as not everybody wants to take the same risks.

@AML_007: Thank you for your input. So in the example of EG68 a MC of£1.69bn would mean a rise of another 450M to reach break even, until then he is down. Correct?

@Stille: lets see what tomorrow and the rest of the week brings..

@Joe21: my opinion is that you should not have started all those threads today. It adds nothing to this forum. (Same goes for all other thread starters posting the same news and facts btw)
After reading all your posts of this day I understand you have a difficult day. Best of luck making your decision. Do your own homework.

@C26: I have laughed so much about BritishVolt and their investors. They all went in with their hearts not their minds. It was nothing, only the name and timing were perfect. During Brexit + investing in battery factories was a big hype and investers were afraid to miss an opportunity like that. It was and still is the perfect scam. Sure now they will try to make something work but they started with nothing but a brilliant name and perfect timing! BritishVolt, hahaha!

Very interesting indeed. Porsche also started testing with their V8 engines. They tested with a Panamera on the Nordschleife and did a lap time of 8.22. They are also still running synthetic fuel tests for various applications.
Agreed the efficiency of both engines and infrastructure are really high. The production of hydrogen fuels and what amount of energy and emissions come from the entire production chain is still a problem. A lot of energy still needed for production.

@Son_of_Swiss: that is still a mystery as far as I know. Some say updates on current bases, others say completely new which would surprise me, or they should be hybrid / EV ready but those are always inefficient concepts IMO. Hopefully someone here has some real info.

@AML_007:

Thank you for your responses here, very helpful.

“New generation sports and GT cars will be 2024.”
I meant these cars will be produced / delivered in 2024, so that is when new and more money can comes in with the higher margin cars. Until then we have to do it with the current cars I mentioned. Introduction of the new cars will be in 2023, we dont know when in 2023 yet. But since we can order current models in Q1 2023, that then still need to be made because of the new structure ;) Now maybe they could make it happen to built some new gen cars in 2023 but it would surprise me very much. You need to set up the factory for the new gen cars etc. Now you could say they still have a full second line in the factory they are currently not using so that is not a problem, but I dont expect them to sell the new gen cars next to the current ones.

I am interested in your view on their spending rate, payables etc etc vs the current cars that have to bring the money in. Again, according to my most positive calculations (all models maxed out according to their own plans with max margins + deposits etc), even if the new gen cars would come mid 2023, they would be in the same place this time next year even after all the money from the capital raise and RI. They need to change more?

About the mid engine Vanquish:
“Over the coming years, the Company…will focus on:
- the development of the Group’s high margin mid-engine vehicles, including the Valhalla
special edition”
Now maybe I have become too sceptic but in H1 they did not name the models. So two models to focus on could be Valkyrie and Valhalla. Valkyrie with current built rate is still a long way to go. All they confirm now with naming the Valhalla is that they are still planning to bring it, which I applaud by the way. I hope they also bring a third, but I am afraid they will not. Its not a big point atm that car would be a long way in the future.

I've read the circular, nothing unexpected really right? Dilution is big but as expected. It must hurt Stroll that PIF gains a similar stake at half of what he (Yewtree) paid. One thing I did not get right away is how much shares Stroll can pick up at a discount, anyone care to explain?
Even though they are going to raise big money, I still dont see this being enough with their spending rate, growing payables, disappointing sales, dept etc. Yes they will save 30M per year by lowering dept, yes they will have more cash, yes new cars will have higher margins, yes some new high margin specials, yes probably more Valhalla deposits after this weekend but adding those all up to the most positives (I counted all V12 Vantages, sportscars sold out figures, DBR22, Valkyries on track, Valhalla deposits, 707s as they targeted, calculated revenue and profits etc as positive as possible, like all DBX sales will be 40% margin even though not all will be) I still find it difficult to see enough coming back to become healthy? They would really need to change more. They will survive another year but with current spending etc etc they will be in the same place as they are now this time next year. With all EV development they still need to spend a lot more. New generation sports and GT cars will be 2024. Reading the circular confirmed Vanquish mid engine is no longer in the plan. Please share you comments, what am I missing?

That does not surprise me. Like I stated before they already pushed back the introduction, they tried not to give it much attention but at Q1 Stroll said current cars were in their last year, now you can order them well into 2023. So introduction for new cars spring 2023, delivery a year later. Something like that.

@C26, interiors indeed the same, I missed that. You could go back through all the reports and count the specials they sold :) I dont have the time, sorry..
Of course it is the same base car, nobody expects a complete new car if you are going to make a handful. Now maybe they could have done some more on the interior. Most important for me is that the exterior design is promising. The rear is not so good, but the rest is the right direction I think for future models.
Are there any real life pictures of the DBR22, any links?

@C26 McLaren were dumb enough to think they could sell 400 of those fugly things at 2M. I'm sorry but what were they thinking, that they could really turn over 800M with a windscreen-less car?! +the car did not work. They took the windscreen off, but could not get the aero to work properly so they put a big ugly wind deflector on the front. And still there were customers crazy enough to burn money on it. They didnt even reach 200 cars, I think not even 150.
SP1 and SP2 sold out, logically. + at a recent event most of them got a lot of rainwater in them so a lot of maintenance for them to charge :) (Ferrari organized event btw).
The AM Speedster were only 88 pieces from the beginning, all sold and produced in decent amount of time. Nothing else.
So nobody being quiet, but their production is finished so on to the next thing. Yes this AMR22 comes rather quickly after the Speedster. The only weird thing is the low price tag, IMO they could ask at least 0.5M more with those even lower production numbers, although numbers are not confirmed.

Well I must admit there is a lot to like. The front and sides look great, bubbles on the back as well. The rear I would need to see more of, looks a bit square compared to the rest of the car.
About the interior, yes it is a bit better than current interiors but there is still a lot going on. The screen looks odd, it has a huge black bar around it so its not even that big and the angle it is in will catch a lot of light, making it impossible to look at.
I would have expected them to show the world the V12 Vantage Roadster and only a selection of people this DBR22.

I came here for some decent comments and insights, turns out this is a sandpit for children..

Who on here was at the AGM? I heard Felisa only said "Hello", nothing further. How is that the CEO of the company?

@Tinners: "The early indications are positive and I think they’re going in the right direction."
- What are those positive indicators according to you?
- What direction do you mean? Because the direction the numbers suggest, like growing dept, growing payables, less cars sold etc, is a growing risk of insolvency?

@chat : keep scrolling and reading buddy..