The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
https://jalopnik.com/2024-aston-martin-db12-volante-finally-nails-the-brief-1851410943
“this is finally a genuinely special car both to drive and to live with, one that exists without any major “buts” or caveats. aston has already unveiled the new vantage, which has undergone a similar transformation, and extensive facelifts to the dbx and dbs are rapidly approaching. the tides seem to be turning over in ***don, and the automotive world is better for it.”
couldn’t agree more.
A great ambassador for the brand and so much more to come from him…. and AML.
https://m.youtube.com/watch?v=lXhKs28HMXY
Autocar is impressed 👍
https://www.autocar.co.uk/opinion/business-corporate/why-hallmark-appointment-huge-coup-aston-martin
Swingman, this is not news it was raised on 1st. November last year by Doug Lafferty CFO AML at Q3 report. Looking at improving current agreement sounds a sensible course of action as we are heading in to Positive Free Cash Flow.
Hence the reason the discussions today are all about the positive Press reaction to the New Vantage launch.
What the Aston Martin Vantage should be, an awesome sports car. Customer deliveries start in Q2.
Harry seems to like it ….. “ it looks fantastic “
https://www.youtube.com/watch?v=yUsE0QSYZNc
Https://m.youtube.com/watch?v=UbktqyPB3Rw&pp=ygUUQXN0b24gbWFydGluIHZhbnRhZ2U%3D
Yes Chesil, looking forward to see the cars in action.
With 3 Aston Martin Vantages racing in this year’s event. Ross Gunn: “It feels special to continue my relationship with Aston Martin. I am sure 2024 will prove to be a huge and exciting year for the brand with the upgraded versions of the Vantage GT3 and GT4. The preparation work for next season has been in motion for months, and I can’t wait to hit the track in Daytona.”
First view of the “Complete Hooligan on the track…. “
https://www.imsa.com/wp-content/uploads/sites/32/2023/08/18/2024_IWSC_Rolex24_PreEvent_EntryList.pdf
https://www.astonmartin.com/en-gb/our-world/news/2023/12/18/a-line-up-of-champions-set-to-lead-a-new-era-for-aston-martin-racing-into-2024
Https://carbuzz.com/news/aston-martin-valhalla-hits-the-test-track
https://www.pistonheads.com/news/ph-britishcars/production-ready-aston-valhalla-revealed-testing/48004
2024 looks like an exciting year
Some very cool promotion
https://coolhunting.com/tech/apples-next-generation-carplay-shown-with-aston-martin-and-porsche/
sorry not sure why my caps didn’t work and i have no issues with ***don.
u s markets seem to be happy with fed announcement of possibly 3 rate cuts next year.
g b p v usd looking positive will assist refinancing at improved rates.
expect a bounce, hsbc said hold.
should be a quarter 4 record revenue leading to an awesome 2024 portfolio.
i am with …… stroll (yew tree), public investment fund (pif ), li donghui (geely), mercedes benz and lucid.
the results of all that global talent invested here since lawrence stroll became chairman is now coming down the lines right now in ***don and st athan.
gla
I will say this only once LOL
Jon39 said “ Hopefully the overseas sales are better.”
Well now you come to mention it Jon39:
Japan New Car Registrations:
Nov 22 - 34
Nov 23 - 48 an increase of 41%
Jan to Nov 22 - 321
Jan to Nov 23 - 411 an increase of 28%
I am sure we shall see an increase in ASP for both Q4 and Y on Y, but let’s just wait till February and see, looking forward to it.
And just to underline the reason why:
Chesil356: https://m.youtube.com/watch?feature=youtu.be&fbclid=IwAR0qofcxSrGYOJ7_7oKnxOCfJBY4Fb9TEVtGrI_rLqeKBzh11YP7y-nksI8_aem_AUBBHV1RuxWTp1NFKsv1PdxKiBsMC--2s9iadW-S7GTnq451xSlOBDxLw7h5qWp1nQo&si=EnvsXnHhiJpNW1RI&v=jU5pzivAUWw#bottom-sheet
Livestock: https://youtube.com/shorts/HYLV8bWaSf4?si=p8VSOZTqLvS7X7bt
Awesome video Chesil 👍
Hi Noah, let’s wait and see, we will find out next year. I believe it’s all factored in and 2024 Positive free cash flow means you have sufficient money to invest back into the business for growth 👍🏻
Let’s discuss further in Q2 2024.
My current thoughts are more around the launch of the Vantage and the GT3 / GT4 track cars.
A “Complete Hooligan”
5 year plan is the CAPEX figure £1.8 B and transition to electrification £0.2 B ( Lucid agreement 3.7 % shares issued and £104 M fees of which approx £26m already paid and balance £78 m due in 2025 and 2026 ).
2023 CAPEX of £375 M expected to be the peak.
2024 Free Cash Flow Positive, along with refinancing debt to reduce interest
Targeting positive FCF in Q4 2023 including initial cash payment to Lucid.
Looks like it’s all planned and accounted for.
DYOR ….
THE WORLD’S FIRST SUPER TOURER
DB12. Redefining and reinventing what it means to be a tourer.
Just 3 weeks ago:
Amedeo Felisa (Chief Executive Officer, Aston Martin Lagonda): “So we had some issues on software but everything now is fixed “
Doug Lafferty: Chief Financial Officer, Aston Martin Lagonda:“ Q4 being a very rich mix. So as I just said we’re expecting the continuation of the Valkyrie programme deliveries in Q4, the initial deliveries of the Valour and deliveries of the DBR22. “
“ So we’ve seen really nice gross margin momentum as we’ve come through this year and I expect that to continue running into Q4 and into 2024. And to a larger extent driven by ASP dynamics that we expect to evolve.”
“ So no this slight interruption that we’ve experienced on the DB12 doesn’t materially impact anything as relates to the sort of profile of delivery in Q4 or what we’re expecting to do in 2024.”
“ positive free cash flow for Q4”
“ I would say as we run into 2024 our plans are still very much as they were. And we’ve talked this year about our intention to substantially deliver on our prior mid-term guidance, which is the £2 billion of revenue and the £500 million of EBITDA. And that plan remains what we’re aiming to deliver for next year. So no this slight interruption that we’ve experienced on the DB12 doesn’t materially impact anything as relates to the sort of profile of delivery in Q4 or what we’re expecting to do in 2024.”
EVO: “The DB12 marks the beginning of a new chapter for Aston Martin, delivering a more focused, luxurious take on the long-distance GT. “
Looking very positive.
Aston Martin 3rd and 4th in Qualifying…. Happy Friday !
Well should be a lot happening tomorrow and over the next few months:
DB12,
DB12 Volante,
Valkyrie Spider,
Valour,
New Sport and GT models,
Valhalla,
Update to DBX,
Oh and a new Special.
Seems to be a lot of fuss over 300 cars that have been delayed to ensure quality and customer focus. Issue now fixed and all looking very positive going forward…
Q4 and 2024 should be awesome. DB12, DB12 Volante, Valkyrie, Valkyrie Spider, Valour, New Sport and GT models, Valhalla and update to DBX along with a new Special.
Doug Lafferty very positive on outlook.. everything pointing in right direction.
Refinancing - Re Baronbigod post agree major savings
👍🏻