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I would assume the whole market will crap itself. Could be some good bargains next week.
Legs. Long, beautiful, legs!
Yesterday's and today's were both about new shares. Additional shares are a dilution.
It will dilute your holding but give more security to your investment through increased liquidity and long term loan agreements.
A quick ‘Aston Martin’ search on Google results in numerous positive articles
Merely confirming yesterday’s proposal.
Bristol - Good post.
It’s pretty common knowledge that they’ve been reducing their holding for some time.
I believe the lady who works for AML Investor Relations said they were winding up their fund?
This will have contributed to share price suppression.
Good news they’re done
On that point, when Stroll was asked if there would be any further equity raises whilst citing Brexit and a COVID second wave as risks, he responded with:
“Lawrence Stroll: Hi. It’s Mr Stroll. I’ll answer that question. We have no anticipation to raise any further equity. We feel we are covered in order to meet our business plan requirements.”
I honestly think the second equity raise was essential due to the disruption of the first lockdown. It pushed the DBX deliveries back circa 4 months. That’s a long time to wait for income when heavily in debt. We are about to see, in the upcoming results, cash inflow increased significantly through sales of the DBX. The expenditure of such is mostly factored into the previous 2 years figures. Most of the outgoings this year were also weighted in H1. H2 will have less outgoings and more inflow.
This is what Stroll said in the H1 Q&A session:
Lawrence Stroll: “Yes. We haven’t scrapped our EV at all. It’s very much part of our plans. It will follow on right after and during the launch of our mid-engine. We are just simply taking our time and prioritising realistically what we can deliver and when. And right after the mid-engine programmes will be released, we will be launching our EV platforms.”
Reading that, we may start to see EV options from the end of 2021. So I would expect to start hearing the plans shortly.
Some good progress milestones coming:
DBX H2 sales
Mid engine cars released
Bond film (maybe...one day)
F1 team
EV car options
Additional DBX models
They’ve “recently” started the tender process so it’s unlikely to be concluded yet although I don’t foresee it being a lengthy drawn out process. They also have added incentive to finalise it due to the market speculation.
A lot of new investors getting spooked and panicking. A lot listening to scaremongering on here and getting sucked in.
Storm in a tea cup this.
People will use it to push the price down to snap up bargains though.
I heard 150p mentioned earlier.
Agreed. They’ve responded to most speculation. More so than a lot of other companies would do.
The fundamentals remain the same. The business is growing. Profit is increasing.
They’ve grown fast and need to refine some processes but they’re well set to excel further.
A lot of new investors here getting spooked to short term volatility who forget the long term prospects.
Chill. Out.
Why would they?
Sit tight. You’ll be fine
Good post. 100% agree
Great day! Surprised more aren’t buying. This should continue to pick up momentum
Likely to be a late reported trade from earlier in the day
A lot of paranoia here. The price is probably floating around 50p due to the global level uncertainties with regards to COVID, Brexit, US elections, unemployment and recession in addition to anticipation of more news.
It’s like the whole market is treading water until there’s clearer visibility.
Q3 results across the board (not just the car sector) will kick start movement and more volatility.
The price will likely drift lower to the rights issue price anyway. I've seen it recently with Aston Martin, Ted Baker and IAG.
You might be better off waiting and buying all your shares at a lower price rather than buying now at market price and then taking the RI option and buying more at a discounted price.
Brutal
They’ll announce the date where shareholders will be eligible. Don’t worry.
Also, the share price tends to drift to the RI price anyway. So you can get the shares cheaper regardless.
It’s surprising that someone who alleges to be so intelligent and astute doesn’t know the meaning of the word “legend”.