Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Not altogether sure what caused that rebound today, perhaps people ensuring they're in the game it SP rises at the end of the month. I still see a further dip before any rise, just a matter of getting timing right....
DBX continuing to go well, order bank rising ahead of expectations.
Hi istock
Yep, not going to rush in - it lifted yesterday when the new Vantage convertible was posted out on social media, but that car won't have any material effect on their future and SP is already dipping downwards again. DBX order bank is what we want to see confirmed, that's the important one. Next update at the end of the month, although I'm informed that it's VERY healthy and picked up after the Stroll deal was announced. So, looking like a good short/medium term bet if you can buy in at low 4s.
Hi jimjam
Don't think you're far off the mark there, although I doubt it'll drop as far as 350p.
See Citi are saying buy with a target of 600p, although they don't mention any time scale on that.
Personally, think it will fluctuate down to mid/low 400s and bounce back late Feb. DBX orders apparently running about double AML's internal expectation. If they can show they're on track to deliver on time, with the help of Stroll funds, it could prove a VERY shrewd buy and hold. Think Citi are bang on at a target of 600p.....
https://www.hl.co.uk/shares/share-research/share-tips/stockbroker-tips/broker-tips-aston-martin,-prudential,-senior
Short term could fluctuate slightly, but once deal's done (and those 400p shares will not be via the open market) it should be good news. Shares traded recently have been in an unsustainable business. I'd rather have a slightly smaller slice of a viable business. Once the dust settles (by end of Feb), I still see it sitting between 550 and 600p which would be a fair indication of business worth.
jimjam, totally see your point of view, but a £200M injection (could be more) will have a considerable effect in steadying the ship and open doors for further investment/borrowing (hopefully at better than the 15% they have available already!). Fully understand the need to secure production at a decent level, but personally think that can be achieved. It's by no means a perfect picture, but there is a positive way out of this for AML.
AML targeted 1400 orders for their new DBX by mid February. Current order bank reported to be well over 2000 already and, with the very positive DBX press reports starting to land now, it looks like they might double their own expectations by the middle of next month!! Looks like they have a winner on their hands in the DBX.
Couple that with a very likely deal to inject £200M into the company from Lawrence Stroll and the picture is starting to look much more positive. With the SP so low today, it's got to be a hold or buy for me.....I know some will disagree, but really think the SP is bottoming out now.
AML targeted 1400 orders for their new DBX by mid February. Current order bank reported to be well over 2000 already and, with the very positive DBX press reports starting to land now, it looks like they might double their own expectations by the middle of next month!! Looks like they have a winner on their hands in the DBX.
Couple that with a very likely deal to inject £200M into the company from Lawrence Stroll and the picture is starting to look much more positive. With the SP so low today, it's got to be a hold or buy for me.....I know some will disagree, but really think the SP is bottoming out now.
DBX orders sitting c.2,200
Given their target was 1,400 by mid Feb, they're way ahead of expectations.....possibly double their plan by mid Feb. Nothing about this being reported, but looks like they actually have a winner on their hands.
Interesting stuff aej22.
Not such a technical view, but The SP seems to be driven by 'news' at present. Stroll interested, rise. Negative trading statement, fall. Geely interested, rise. Geely less interested, fall. Unfortunately, as AM rolled in the good news about DBX orders within its negative trading statement, there is no more potential positive news to come until a final solution is found. Without any, it may continue to slide gradually. I believe that a Stroll deal is imminent though - the next issue will be its construct and will it dilute the price of existing shares? Given the low SP, I wouldn't be at all surprise if a deal is tabled by Stroll/existing main investors to take AM private again, this being at a small premium of c.500 a share. Think that's the most positive outcome at present, because it's an emotive share and there ain't any more positive news on the horizon. But I could be completely wrong...….again.
Thanks guys, interesting opinions. I probably sit somewhere in between. I think that concrete news of a deal will initially rally the SP slightly, then it'll fall away. Once the dust settles, it'll bounce back, purely on the basis that AML will actually be viable again. Think the lows will be .c400, the eventual highs .c600 - what is very unclear though is the timescale we're dealing with....
That's my main concern and a distinct possibility. Would be keen to hear any other thoughts on this...
Would like to think that a financially stronger AML would see the SP kick back up, but from what base point and over what time scale?
Very true. Needs more than just 'tide them over' money to DBX though, AML needs a good shake up and a reality check. Wholesale model is fine when you're shifting volume cars, not when 50%+ of your retail sales are bespoke orders. Sitting wholesale stock is driving the added sales incentive costs they've suffered from. Needs cash and a big re-think, in my humble opinion.