Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And the fact that you include the helicopter and motorcycle just shows that you're clutching at straws. This is just the kind of **** that AM shouldn't be getting involved in. Vanity projects that are a total waste of time.
Carpy, it doesn't matter what is planned or what has been promised in terms of profit margins and sales figures. You can't get away from the fact that AM is burning through cash at a frightening rate. There is no question that they're going to have to raise money again within the next 18 months. That means a further dilution to the share price. No ands, ifs, or buts. It will happen. The current cash burn is unsustainable. Why is it not possible for someone to bring that up without being a deramper. As investors, aren't we supposed to at least try to be clear-eyed about the future?
Tobias Moers’ watch is mercifully now over. The timing of the CEO transition has excellent in terms of deflection attention away from the Q1 Financial Results. In the end he was as polarizing a figure as Andy Palmer but got paid considerably less for his troubles. The company Moers leaves behind is still teetering on the brink of disaster. Aston Martin has gone bankrupt 7 times in its history and an 8th doesn’t seem out of the realm of possibility So far, they have found a way to survive but it’s not sustainable over the longer term. Aston Martin is still burning through too much cash, too quickly and at the current rate will not make it through 2023 without another large cash injection. I appears that Aston has been living off customer deposits, but that play has likely run its course. While the DBX is helping keep Aston afloat right now, it’s a far cry from being a runaway success, and while the DBX707 represents hope, it doesn’t pay today’s bill. The Sport/GT is a shadow of its former self and will have another down year in 2022. At this point, the Valkyrie is more of a “ball and chain” around Aston’s ankle than a “halo” but the damage here is all self-inflicted. Add this altogether and it’s no surprise the stock price is down 63% in the last year.
Glad I sold this. It's a turd of a stock.
I worry about the mentality of some of the people in this group. Surely intelligent investors should be open to different viewpoints and unemotional about their investments. I love the AM brand and really hoped Moers would do the business, but the CFO leaving plus several top executives plus Moers rumors from respected publications equals alarm bells ringing. That deserves a discussion. Some of you respond to this with the kind of aggression that makes me think you don't have the clear judgement required to be successful at investing. I'm a fan of AM, but the moment you become an unquestioning fanboy and abandon your critical faculties you're dead in the water.
I'm out. I've held 20,000 shares since June 2020. The writing is on the wall here. Autocar wouldn't have gone to press if they didn't have a good deal of faith in their sources with regards to Moers leaving. Here's a very realistic assessment of their last set of results. Well worth a read.
https://karenable.com/analysis-of-aston-martins-q3-2021-results/
Painful to get out of a share that I had such high hopes for. Wish you all the best of luck and very much hope that I'm wrong.
I'm a big fan of Aston Martin and own 15,000 shares. I'm optimistic about the future but it's good to keep an open mind. I follow a guy on Twitter who's a successful businessman and car enthusiast. He listened to the Q2 earnings call with Lawrence Stroll and posted his thoughts here: https://karenable.com/aston-martin-ferraris-q2-2020-results/
Well worth a read. Some slightly worrying points raised. Good luck everyone.