Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Moving on up again...
No more tree shaking thank you... 304m shares oversold. All those that missed out need to perhaps think about getting in before is hits 60. Looking ripe... and we are on the top risers board now so bound to attract attention.
It makes sense for MM's to raise this to a level at which the holders of the 304m new shares are willing to start selling them. This creates fluidity and in turn makes them more money. Short term... hopefully today 60 is a given :-)
Like a coiled spring this morning...
A nice morning track to wake you up...
https://www.youtube.com/watch?v=1M02bAWDFkI
60+ tomorrow
Wolff was soon headhunted by Daimler. He is still investing and recently bought a 0.95 per cent stake in struggling luxury auto maker Aston Martin.
He insists that it is purely a financial investment and explains that he is 'not playing any operational or executive role'. 'I'm not going to be the CEO and I'm not going to be sitting on the board. I am just in there as one of the investors who believe that this could fly. I believe that the Aston Martin brand is undervalued, even considering the financial metrics of a relatively high debt rate and slow car sales. The SUV will be a game changer.'
Tune 3300... Im blasting that one out into close.
Last one from me, not the day I was expecting but that's what you get from the stocks and shares games... gotta be in it to win it, so too speak!
https://www.youtube.com/watch?v=6Cs3Pvmmv0E
Or maybe...
https://www.youtube.com/watch?v=ZEcqHA7dbwM
In my opinion a placing is never a good thing, but placings are a very quick way to raise funds and this is exactly what the company needs to not only to survive, but to thrive when we emerge out of this crappy year. The Aston Martin brand is renowned the world over and classed as a luxury item and a status symbol for those that can afford to drive them.
I can see that those lucky enough to now hold shares at .50 and below will be sitting pretty happy this time next year.
Onwards and upwards from here and let the good news feed though we are done with the bad.
From placings I have been in over the years on average they will wait until the shares are hitting new current highs then offer the placings up at 20% below market value. My thoughts are that they would be issues around the 60 mark.
61-62 in auction... boing!
I would guess 20% below 74 would be placing price
Aston Martin Lagonda Global Holdings plc
Pre-close trading and funding update
Aston Martin Lagonda Global Holdings plc ("Aston Martin" or the "Company") has continued to make good progress on its strategy to realise its full potential and operate as a true luxury company. This involves a fundamental reset, reducing core sports car wholesales to rebalance supply to demand which is absolutely necessary for the long-term performance of the Company.
· Dealer stock reduced by 617 units year-to-date to end May
· COVID-19 impacting Q2, as expected with lower retail sales and wholesales
· More than 90% of dealer network now open
· St Athan scaled up and DBX production started
· Increasing liquidity with Coronavirus Large Business Interruption Loan Scheme (CLBILS) loan (subject to documentation), partial draw of delayed draw notes (DDNs) and non-pre-emptive equity raise
Lawrence Stroll, Aston Martin Lagonda Executive Chairman said:
"After a couple of months in the business, I am as enthusiastic and confident in our multi-year plan to build on the inherent strengths of Aston Martin, its unique Brand defined by beautiful design, engineering and the skills of its people to forge the foundations of a bright future as I ever was.
We are making very good progress on my first priority, the rebalancing of supply and demand and reducing dealer stock as we reset the business and restore exclusivity. We have also successfully completed all test production trials for DBX and have scaled up St Athan for full production. I am delighted to confirm that production has now started and we are on track to deliver this beautiful, luxury, performance SUV in July as planned.
Development of our range of mid-engined cars, descended from the era defining Aston Martin Valkyrie hypercar, continues along with updates of our core sports car models. From next year we will also have the great benefit of our own highly competitive Works Formula One team - giving us a significant global marketing platform to further strengthen our Brand and engage with our customers and partners across the world.
We have taken decisive action to improve the cost efficiency of the Company, in alignment with reduced sports car production levels, and are focussed on cost and investment control consistent with restoring profitability. Today we announce further steps to improve financial flexibility in a period of ongoing uncertainty with this additional funding to execute the business plan.
We have revitalised Executive leadership to deliver the strategy. I am looking forward to welcoming Tobias at the start of August and am delighted that Ken joined us earlier this week. Our energies and those of the whole Aston Martin team will be focused on building a stronger business for our customers, our employees, our strategic and other partners and our shareholders and enabling Aston Martin to return to being one of the pre-eminent luxury car brands in the world.
Any ideas who is controlling this share at the moment with the never ended blocks of tiny auto trades?
It just got squashed in so tight... it had to break... looks like a move north now.
It's looking like the Bolinger Band indicator is squeezing the chart to death... which normally indicates a push out and up. Correct me please if I'm wrong.
The RSI on the 15min chart is standing at 25... it's not been this low since 12 June when it bounced back hard.