The price is low, who would sell?12 May 2020 15:10
I got in at 54p and hate this price. I have come close to cashing out at a loss but changed my mind. Why? Aston Martin is easily worth £1 billion. They have two car plants (1 brand new), new models and most of all a good "Brand". This should be easily worth 1/5 of Ferrari (they only sold 10000 cars in 2019).
People should take note, the price HAS crashed, after all the bad news has come out. There is no more bad new on the horizon other than bad Q1 results, which all companies are posting. The debt level isn't a problem either. They Don't owe it all back tomorrow or next week. It's longer term with only interest to pay for now.
Lastly, with a new billionaire owner and (According to AML fanboys) Prince Toto Wolff of Austria, there should be light on the horizon. Tomorrow's update may or may not affect the price, this has no relevance unless you are a day trader. In the mid term we have Covid 19 over, new models out in the field, F1 sponsorship and general positive news. On top of that the fanboys will forever remind us of James Bond. People will always try to put good things down and bad things up. If you think for yourself, ask yourself, is Aston Martin worth a measly £1 billion? My answer is - yes, quite easily.
Unfortunately at the moment Aston Martin has took a knockdown and thugs are kicking it while it is down, it will get back up swinging.
Anyone selling now is doing so at a LOSS. More buys have been in place than sells for a few weeks.