Ex-Ferrari boss makes huge investment into Aston Martin
Discussion
https://www.planetf1.com/news/ferrari-investment-l...
This looks to be an investment into Aston Martin itself as opposed to the F1 team!
This looks to be an investment into Aston Martin itself as opposed to the F1 team!
LooneyTunes said:
The interesting question is whether it’s new money going into the company, or the purchase of existing shares.
$4million new money going into AML is unlikely. A very modest sum for the Company, which would be spent in a jiffy.
If that has occcured, the London Stock Exchange would have to be notified by AML and that fact would then be made public, because the number of AML shares in issue would increase, therefore slightly diluting all existing shareholders.
I wonder why Mr. Montezemolo chose this moment to invest?
The company market value has achieved a significant increase during the past 9 months.
Edited by Jon39 on Saturday 15th July 17:12
Or is he buying options that have vested? It is after all just over 12 months since he started - so assuming he has a 3 or 4 year plan that vests annually it would make sense ….
As an aside - this comment made me smile - Stroll’s response was to stop the production of cars for a full calendar year with Aston Martin only producing cars for customer orders, which he claimed resulted in a 50 per cent increase in the average sale price.
50% increase in ASP seems high - but I suppose if you compared the trough of giveaway vantages to the DBX 707 and all the v12 runouts maybe the number could be dressed that way?
As an aside - this comment made me smile - Stroll’s response was to stop the production of cars for a full calendar year with Aston Martin only producing cars for customer orders, which he claimed resulted in a 50 per cent increase in the average sale price.
50% increase in ASP seems high - but I suppose if you compared the trough of giveaway vantages to the DBX 707 and all the v12 runouts maybe the number could be dressed that way?
Edited by oilit on Sunday 16th July 06:39
oilit said:
Or is he buying options that have vested? It is after all just over 12 months since he started - so assuming he has a 3 or 4 year plan that vests annually it would make sense ….
Are you confusing two different ex-Ferrari men ?
Amedeo Felisa, ex-CEO Ferrari, now CEO Aston Martin.
Luca di Montezemolo, former Chairman of Ferrari.
oilit said:
50% increase in ASP seems high - but I suppose if you compared the trough of giveaway vantages to the DBX 707 and all the v12 runouts maybe the number could be dressed that way?
Valkyrie deliveries must be skewing the ASP figures at present and I think for some time yet.
The irony being, Andy Palmer said at the unveiling, 'The Valkyrie is a halo car that will demonstrate AML's mid-engine capabilities for future models, but may not be a profitable project'. That of course was even before the expensive, nightmare, delayed development problems of Valkyrie.
ASP is one thing. Certainly an indication, but then the after tax earnings (losses) at some companies, are sometimes entirely unconnected.
EDIT
The share purchase transaction(s) probably will not be officially reported.
Not a director, or a transaction above a particular (think 3%) threshold.
Edited by Jon39 on Sunday 16th July 12:29
Jon39 said:
oilit said:
Or is he buying options that have vested? It is after all just over 12 months since he started - so assuming he has a 3 or 4 year plan that vests annually it would make sense ….
Are you confusing two different ex-Ferrari men ?
Amedeo Felisa, ex-CEO Ferrari, now CEO Aston Martin.
Luca di Montezemolo, former Chairman of Ferrari.
Oops - yes I am
dbs2000 said:
Sadly 4m will hardly keep the lights on.
Yes, an insignificant sum in the AML operation.
It is of course almost a certainty, that none of that $4m went in the AML till.
Would have been a market share purchase, from existing AML shareholders.
Purely out of interest, in case anyone wants later to judge the success of the investment, we could record here the possible acquisition data.
Obviously we don't know a transaction date, or share price, but let's just use the article date and closing share price.
14th July 2023
$4 million x FX 0.76509 = £3.06 million
Closing share price 317.75p
£3,060,000 ÷ 3.1775p = 963,135 shares.
Probably either chose a round number investment $4,000,000, or perhaps a round number of shares 1,000,000.
oilit said:
I would believe that.
Seemed odd to me that any serious investor would buy now, after a trebling of the share price in only 7 months.
To justify any strong future share price increase, requires pre-tax profits (unlikely), or a takeover (unknown).
...............................
News story ref. Aston Martin's EV partner.
https://uk.finance.yahoo.com/news/lucid-stock-tumb...
Jon39 said:
I would believe that.
Seemed odd to me that any serious investor would buy now, after a trebling of the share price in only 7 months.
To justify any strong future share price increase, requires pre-tax profits (unlikely), or a takeover (unknown).
...............................
News story ref. Aston Martin's EV partner.
https://uk.finance.yahoo.com/news/lucid-stock-tumb...
In all seriousness, having SA buy that number of cars for government use is incredible!!!
oilit said:
So they also make more cars than they can sell - i can hear them announcing build to order only and double the price….
In all seriousness, having SA buy that number of cars for government use is incredible!!!
In all seriousness, having SA buy that number of cars for government use is incredible!!!
I hear that life in SA is not as we know it.
Strange that Lucid began with a large saloon.
We are familiar with BMW 7 and 5 series, also Mercedes-Benz S and E class. Still sell in quantity, but large saloons have a greatly reduced popularity now.
Edited by Jon39 on Wednesday 19th July 14:47
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