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So in terms of selling the shares you can only do so after they physically give them to you which is on 15th April for my account in my broker.
Everybody has already been diluted down who had shares before as I calculated from my holdings before 31st March.
If anyone has rights and don’t take them up they will give you the difference between the price of the grants of 0.3£ and the actual market price that time. So if you got 100 shares at 0.3£ and did nothing and the market closed at 1£ on 15th April you would get 100*0.7£. What ever that may be for you. But in my opinion, you would have to be very desperate for cash to not choose to exercise the rights and buy them instead of cashing them out. Because of q3, and q4 outlook and next year production outlook based on my thoughts. Also the fact is that the business has over 600Mil£ in cash and can take another 150mil from the debt market. No chance of dying.
This covid 19 is really a pity cause I think they will have to delay production of Dbx till like July :(. But that goes for everyone so it’s not brand specific. Ferrari shares have also suffered over last few weeks and they won’t sell a lot of cars since they sell on pre orders only, with almost no inventory. Also it’s important to be mindful that China almost all the dealers are open for AML.
With lower inventory costs this should turn around to pre 2019 positive cash flow in 2nd year.
They have spent so much cash on pointless project it’s really hurting my heart and brain.
Like the electric rapide was almost pointless and took 65mil of cash agrrrr. The technology of 800v battery will be probably gone in a few years and new battery systems with much higher voltage will role out. Looking at the tech sector things are flying
Lagonda is also no point to introduce till 2027 in my opinion at least for many reasons for luxury cars electric drive is not the way to go.
So My point is so much cash was spent on pointless projects with very small gains. Hopefully Stroll will change that and get the best out of the petrol era that will still be around for 10year minimum.
Bristol, as I understand those shares issued have already hit the market but are reserved for existing shareholders who had shares before the ex-rights date. The dilution should therefore already have happened on 1st April when the share price opened 65p. The only thing that will change around 16th of April is those shares issued will no longer be reserved and will be open to market after difference in price granted to issued holders.
In my opinion the outlook is positive for second half of year and next year.
If the capital raise succeeds and sales are not hit too hard globally then things should not be too bad in the short term. China has recovered from the virus compared to other countries which is very good.
The valkyrie is progressing and will be in production 2nd half of year in my opinion:
https://www.google.co.uk/amp/s/news.yahoo.com/amphtml/aston-martin-valkyrie-heads-public-100000985.html
The DBX will ensure long term production and cash flow.
While the cabrio vantage and the new front end design option will increase sales.
They need to set production at a more manageable level and inventories and make sure they sell every car at the price it is meant to be with no discounts.
That should ensure profit looking back at 2017.
Also people will be more optimistic about the brand once the valkyrie actually hits roads and they show that its out and working instead of just track testing.
Ferrari has also shut its factory which is not good news for then cause they sell cars based on orders with demand much higher than supply meaning they will run out of inventory if they dont re start on the stated 27th March date. Which looks very unlikely with things going from bad to terrible in Italy.
Do remember that AML are grand tourers not the same as Lamborghinis which are mid engined supercars. Please do not say that operating in the same market because they are not.
The new vanquish in 2 years and the Valhalla will be in that market but the current portfolio of cars are not.