Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I agree with other comments the AML stock is overpriced for a company with 77% of its value as debt.
The DBX has another problem with the demands for adverts featuring such vehicles to cease .
I still believe a F1 team in 2021 is a bad move. Liberty Media want out.
The most repossessed vehicle in the UK for the first six months of 2020 was the Range Rover product range followed by eight similar vehicles to the DBX in the top twenty. I know as my group produced the survey with data gained from 68 lenders.
Having just returned from China l witnessed a strong anti British stance which the UK press have not reported. I fear Aston Martin Lagonda will now struggle in China and the debt increase. As previously reported l feel as many others reports confirm the stock is overpriced and will decline further. Funds invested in other stock will perform better. I see the SMMT are forecasting a desperate future for passenger car manufacturers. Pendragon PLC are another group reducing dealers and stock. I do not agree with some financial press reports stating the new CEO will turn the group around. I produced advice to our clients, the debt will increase. 2021 will be a £250m plus loss. A further UK wide dealer group has just stated at 08.30 UK time they will close dealerships, retail will lose at least 35% of dealerships due to current trends.
I still advise a strong sell which has been proven as sound public advice. The China problem will accelerate and could as with the USA cause a trade war with the UK. AML needs the market in China. The DBX as l have stated is dead in the water with three similar products by other manufacturers now all but closed for production. UK dealership groups with the AML franchise are in deep trouble with the SMMT reporting a major reduction in high carbon vehicle sales.
A further online public vehicle auction of repossession entries saw over 30 AML products included which in the main did not even reach their low reserves and will now be dumped on a empty market.
The high carbon action groups who l refuse to name are to aim their fire power at sponsors of F1 according to business reports which will cause such to flee F1 support. I would not rename F1 Racing Point as F1 Aston Martin, this will harm the AML brand for the future.
The balance sheet and loan conditions still as someone having a PhD in maths alarms me and gives me concerns about the CFO. The last sell off at 50 pence was expensive as l see the stock at 20 pence
I am clearly not looking at the same stock as Mr Milton. The balance sheet is crazy and cannot continue. Daimler AG would not buy a stake in AML at any price and they are reducing their AMG production.
I stick by my strong sell stance which has been seen as good advice.
One of my senior account managers is currently in China and reports a strong anti British attitude over Hong Kong which the bias media here in the UK has failed to report. This fact was supported by a formal warning from China over future business between the UK and China.
High carbon emissions vehicles such as the DBX are now in the sights of many governments. I still say the board of AML should ditch the DBX and move to a non plug in vehicle to save the company. Many vehicle manufacturers failed to adapt to change such as SAAB. Sam Toy OBE a former Chairman of Ford UK told me in 1983 at dinner you have to move quickly to stay in business or you will fail. He dumped the Cortina.
I reported a virtual vehicle repossession auction two weeks ago which included many AML products. Those who purchased some of the cars at well below reserve figures are dumping them on the market at very low prices. Finance and leasing groups see these valuations. There is a another such repossession auction today with 340 vehicles to sell at any price.
The SMMT must have moved their HQ to fantasy land after reading their members funded reports
More bad news for AML this evening (17.00 hrs UK 1st July 2020). China has just warned the UK and the BBC to stop the bias stance and media reporting about Hong Kong or it will cease all business ties with the UK
Investors money is better off elsewhere.
As others l cannot see why AML appointed Kenneth Gregor. Maybe AML have seen something in him JLR and others since he departed JLR cannot see. I feel as many others in the City over breakfast today it was a crazy appointment. Why also build 100 plus motorcycles when sales of such are at an all time low.
I am also concerned about the current AML balance sheet as it makes no sense to me holding a PhD in mathematics. My advice is forget motorcycles and the DBX and concentrate on the core in a limited production value until this five year period of huge decline is over. Depreciation of high value passenger vehicles has now increased to over 68% in the year after first registration according to Professor Grade a respected motor industry financial expert and advisor to the banks.
I still say sell the stock in AML. I feel the pandemic is far from over as confirmed today by WHO. I can also see the political concerns with China expanding with the Indian/China disputes hardening. I was told today by a automotive expert the DBX as l have already reported is the wrong vehicle to produce. The new vehicle stock AML have managed to off load was at substantial discounted figures. An online vehicle repossession auction held today which included 38 AML vehicles which have to repossessed for various reasons failed to see many vehicles sell or those which were sold after discussions having attracted low bids. Coupled with concerns over the virus returning to the USA, EU and China with real force soon l strongly say sell the stock now to save further losses. All of the above is in the public domain. MJ
Those l advised to sell at 71p did so and are pleased with their decision. I can see the stock fall further next week for several reasons. First the DBX is a failure from the get go as even as l write this the EU may ban such vehicles from 2025.
Secondly stock sale to raise funds today are a gift for the short sellers.
Thirdly the arrival of the Daimler AG AMG executive is not a good move and l would advise AML to cancel the deal today.
Daimler AG are now seen to be pleased to see him go.
As l stated last week it is time to say goodbye to AML shares as supported by Motley Fool and others. The company has placed all its bets on a outdated DBX which in the opinion of motoring journos is already a failure.
I do not know why the company is so keen on Formula One. That so called sport has its days numbered with the climate change lot saying they are to demo at all of the races and most sponsors have left in droves, ask Williams F1 who are desperate for a buyer.
I was concerned yesterday at the many public reports of pending administration for AML. I advised a strong sell which l still say.
Today l read the new AML DBX virtual road test and finance report by Johnathan Henry a recognised automotive M&A consultant. I first met him at a meeting in the City in March 1998. I was amazed at his future insight as all he said was based on fact, an unusual statement form a City follower.
The report was as expected. It stated the DBX is a yesteryear product with an outdated Daimler AG AMG power train.
The UKs only green MP Caroline Lucas (Brighton Pav) has said she wants all such vehicles banned from all towns and cities by Jan 2022. I feel Ms Lucas will gain wide political support as other political parties want to retain the green vote.
Similar products from Bentley, Porsche, Lamborghini, MB, Range Rover, Volvo, BMW etc are all reducing production levels and pricing. Some experts in automotive marketing are saying executive SUV pricing could be 37-42% lower post pandemic lockdown. I still say strong AML sell.
It is time to sell, l feel as many others report the DBX will fail as we are in a fast changing world for such products. People are falling out of love with F1 and anyone who is part of it to market their products. Green groups are reporting they are planning demos at all F1 races if they ever happen. Mercedes is set to pull out as the new CEO is anti F1. Brighton and Hove city council with a green MP are thinking of banning such vehicles next year, this will then start the ball rolling.
It was not a surprise to see the stock fall today. I am sure it will continue this trend for the next few months. A major auto dealer group informed me today that they were to give up their high carbon auto dealerships as the market had changed. Residual values have taken a major hit which the SMMT have again failed to report.
I thank those who have posted comment since my last post. I attended a closed investor meeting held in Brussels today. The key note speech was a shock to many auto industry investors. There is a clear message citing those who produce high emission products who have a problem which they cannot recover from. Taxation and complete bans on certain vehicles are to be introduced much sooner than later. I agree with the Leon-w post the infrastructure for electric vehicles is not here and may never be. Hydrogen cell is the future and today we were told the introduction is advanced. I recall a private meeting with a former head of Ford Europe in the 1980s where he said hydrogen will be the future.
I have to say the pricing of the recent issue and the loss of retail dealers combined with the corona virus the share price is far to high at the current 298 pence
The new product produced at the Welsh factory is a yesteryear product with many cities and towns across europe and the world planning to ban such vehicles.