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WG - HOLD THOSE GOLDEN TICKETS!!!!

Very interesting.....
Hold your nerve. HOLD YOUR GOLDEN TICKETS!!!

Personally think new buy ins will lift it, but there might be DTs that pull her down a penny or two first.
Don't like the news, but positive action.
Nothing from WG, guessing a ban. He's missed on here.

Mid/long term markets will see this as decisive and positive action to move the business forward. Day traders may wobble though. Strong HOLD for me. DYOR

Herespin, the order bank for DBX is excellent, this addresses front engine cars built at Gaydon. We already knew they were in over supply. This addresses that issue head on. Not a nice situation, but it's the correct action, and decisive.

Investor, think this will actually be well received by the markets. Not nice news, but needed.

Well, this isn't what was expected, but good decisive action. Unfortunately, it had to happen.

Aston Martin Lagonda Global Hld PLC Actions on costs to deliver the strategic plan
04/06/2020 7:00am
UK Regulatory (RNS & others)

Aston Martin Lagonda Glo... (LSE:AML)
Intraday Stock Chart

Thursday 4 June 2020

Click Here for more Aston Martin Lagonda Glo... Charts.
TIDMAML

RNS Number : 8908O

Aston Martin Lagonda Global Hld PLC

04 June 2020

4 June 2020

Aston Martin Lagonda Global Holdings plc

Actions on costs to deliver the strategic plan

Aston Martin Lagonda (Aston Martin or the "Company") today updates on actions to improve the cost efficiency of the business, in alignment with its strategic plan to deliver profitable growth, operating as a true luxury car brand.

As communicated previously, the plan requires a fundamental reset which includes a planned reduction in front-engined sports car production to rebalance supply to demand. The Company's first SUV, DBX, remains on track for deliveries in the summer and has a strong order book. The measures announced today will right-size the organisational structure and bring the cost base into line with reduced sports car production levels, consistent with restoring profitability.

Aston Martin will shortly launch a consultation process on proposals to reduce employee numbers by up to 500, reflecting lower than originally planned production volumes and improved productivity across the business. The employee and Trade Union consultation process will be launched in the coming days.

Aston Martin continues to take decisive action in other areas to reduce cost and remove non-critical expenditure from the business at every level including in areas such as contractor numbers, site footprint, marketing and travel.

The restructuring is expected to deliver, on an annualised basis:

-- Incremental operating cost savings of c.GBP10m (in addition to the c.GBP10m announced on 31 January 2020);

-- Reduced direct manufacturing costs in line with volumes (c.GBP8m); and
-- Reduced capital expenditure (c.GBP10m).
The associated cash restructuring costs are expected to be c.GBP12m in 2020.

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Price: 68.85
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RE: Where's the RNS?
Today 06:51
Thanks RBM

Not quite what we were expecting, but all makes perfect sense to me. Think the markets will like decisive action on costs.
Contractors are already being cut quite dramatically, so this is going to be predominantly productive staff.

JJ, agree that there was no actual requirement for one, but it had been suggested to me last weekend that we'd be getting one after the AGM anyway. With the upturn in SP, think they're now keeping their powder dry. Actually a slight positive to me, shows they're in control.

Folks, I spent some time yesterday evening trying to get info from within AML, but nothing gained. Usual contacts all stating that it's been made abundantly clear this week that AML business should not be discussed externally. Also, been suggested to me that Stroll thinks that the market should be reacting to him, not the other way round! Confirmed that there is definitely good news to come, especially on DBX, but I'm now thinking that this might not be released when, currently, the SP is motoring along all on it's own. Their mood remains bullish. If there's no additional RNS early this morning, then I doubt we'll see one until it's a tactical fit for them.
In some ways, I do like their slightly arrogant control position, but it does leave us somewhat blind for now.
That said, HOLD, HOLD, HOLD and HOLD some more.....In my humble opinion.

Oggy, think you're about right. A bit of consolidation in the low 70s wouldn't be a bad thing IMO. If we manage that without any further news, that would be a great positive. If we get a further positive RNS then it'll jump again quite quickly, but I was expecting that yesterday afternoon and, as of yet, nothing. Either way, it's gonna be another interesting couple of days.

Well done for holding you nerve, guys.
The big news is that AML held strong WITHOUT that 2nd RNS even landing.
So maybe another leg up tomorrow if that arrives. Amazing...…..

The design team that developed these projects is being disbanded, right now. News is that only product into which AML has direct engineering input will wear the wings. ie motorbike yes, submarines and flats no. There are two carry over projects being finished. This doesn't affect merchandise, so you'll be OK of sunglasses this summer......

Really think we need to look a little further than hourly gains here guys. This is an interesting stock that's going to have an interesting path, all of it's own. Loads of sell points from lots of diverse investors along the way. The trend is good, so look at the trend every day, not the SP every two minutes.....

It might not come, but I'm hoping for it.
Timing would be anyone's guess, but would make sense to do it to today......if they do it.

I'm hoping for a follow up RNS this afternoon re stock, sales and future plan. What's come so far is just the standard AGM report, as they have to. Also interested to know who voted against Stroll, brave person, but goodbye! lol

JJ. It takes a bigger man. Good stuff.

Thanks JT, very promising start.

For those on delayed pricing, it came out of auction just above 60p, currently 60.5p

Fleischmann and Hornby in tandem?