Appreciate your comments on Stroll’s racing ambitions and plans for shareholders. it’s great to actually have some reasoned opinion, both possibilities that would not be beneficial for us private investors.
Ive invested based on new product and brand opportunity, the recent share issue has somewhat made me think. Luckily my average is still below today’s price and I’ve not got life changing money invested. I had planned a 2 year investment but am considering exiting sooner for lower returns now.
Very valid point, I’m mid 40’s and have bought Aston competitors new for quite some time. Ive never even considered an Aston and mocked friends that have, build quality has been an issue when compared to more volume brands like Porsche.
That said Im about to order a new Cayenne Coupe but am holding off until I view the DBX. Yes it’s got to be good to get that extra £30K out of me but as a loyal Porsche owner I am genuinely interested in Aston Martin for the first time in my life. There’s no doubt it’s a huge task to try and build desirability especially amongst the younger generation but ask a 20 something what they think of Mclarens, they drool over them, they are oblivious to the fact they are crap and guaranteed to breakdown.
The Automotive industry is a fickle place at the moment.
Tesla is worth more than Ford and has never had a profitable year in 17 years of trading. Turned over 24B last year, lost 862M but still it’s shares rise.
If the market decides Aston Martin is the next Ferrari things could quickly change, profitable or not.
I mentioned last week that I had seen a few DBX’s on the A465 on test.
Ive been recruiting at work recently, earlier this week an application landed in my inbox from someone currently working on the production line at St Athan. I just couldn’t pass the opportunity by to get some info on how things are progressing. Had a good chat with them earlier today, Customers cars are in production and have been for a few weeks. Some issues but nothing significant and only small numbers of vehicles with problems. All in track to achieve 1st deliveries as planned.
Hopefully over the coming weeks as the company announce to the market deliveries have began some sentiment will return.
How exciting.
AGM another opportunity for the Board to spout nonsense and promise Jam tomorrow. We've heard it all before, everyone knows the most important thing is figuring out how to pay the Directors salaries - plus bonus of course.
Just a quick update for Shareholders that are not local to South Wales. Today I have travelled from Abergavenny to Swansea along the A465, in total I have seen 3 DBX's on Aston Martin Plates, clearly on test from St Athan.
They look stunning, 2 Metallic Red & 1 Light Blue. I have no doubt this will be the must have luxury SUV and be a huge success for the company. Time will tell but it cannot be anything but good news for Shareholders.
With 1.5B shares in issue where do you think the total company value will get?
I think £4-5B total market value of the business when it is performing is realistic, that would be circa £2.70-£3.00 a share.
As Paul said £9 a share requires a MCAP of £13.5B, that just won’t happen.
Maria, Can you explain how the DBX is outdated? I really would like to hear that.
Luxury Sporting SUV's are the biggest hit in the Car Industry Worldwide. The DBX is the new must have luxury entrant, it has a 9 month waiting list prior to launch. Its desirability will in turn make the whole range more desirable.
Valhalla, thanks for the plain english explanation, I’m sure many on here could not correctly identify the trade as you’ve explained. I know I couldn’t.
If like myself this is just a side hobby Id recommend Share dealing for Dummies off Amazon, Just £12. Much better read that than come on here picking arguments with those better qualified.
Blackfox, I have to agree with those knowledgeable friends in the motor trade, Aston Martin are in real trouble
The DBX will be a complete failure, after all there isn't a market for premium SUV's. Particularly good looking sporty models, they really don't sell. Just ask Porsche, those Macan's and Cayenne's have been a total flop.
I can't believe people get excited when the Chairman is an Angel Investor who has built some of the most desirable brand names in the past 20 years and has deep pockets and exciting plans. He's bound to fail, what would he know about vision and the investment required to change companies.
As for appointing a new CEO who has headed up one of the most successful motorsport divisions in any volume manufacturer in the world, thats just stupid, he knows nothing about building desirable sports cars.
Formula One, well what can I say, that doesn't create huge brand excitement at all. People just don't want to own anything associated with Formula 1 at all.
If only I had friends like yours...........
I was going to attend just to look this lifestyle useless board in the eye but frankly it would be pointless.
I like so many here have lost massive amounts of money, only myself to blame but I do hold that bull **** merchant Colin responsible as well. Hopefully Karma will help him fall down some stairs soon.
I hold with HL and voted no. I doubt we can stop this orchestrated con continuing but I’m certainly not going to support these fraudsters any further.
Good luck to all genuine holders, Ive had heated debates with many in here but it’s time to write this off and move on.
I’m £100k down and will be with you guys on 5th March also voting no and asking difficult questions.
In preparation it would be good if :
A) We agree a place to meet maybe a hour before and introduce ourselves to each other.
B) We confirm with the Nomad the exact voting format for the day beforehand. Those with a memory will remember Colin ignoring postal votes in the past.
Post Consolidation I’ll only need the share price to hit £2.40 and I’ll have my money back.
So, there’s zero chance of that ever happening. I’m minded to vote against the consolidation, vote against the new board. If it means AST goes bankrupt better that than allow parasites live of my loss.
Anyone share this viewpoint?
Really? I cannot disagree strongly enough.
Does the fact the concession licence expires next year not concern you?
How about the fact we are producing Gas yet still need to fundraise and dilute to keep the lights on?
As for other opportunities, we have none. We can look but have no cash reserves to buy or develop any asset.
Board are busy? Doing what? John has been on board over 12 months now and not delivered a single thing. He’s buying shares just as soon as he can......
JB started on the 14th Feb 2019 as per RNS. So he wasn’t initially CEO, he was brought in to develop the asset.
He’s done nothing, all his claims at a shareholder event last Feb, talk about what he was going to do. He’s done none of it.
That is a fact.