Will Corona effect the Supercar Market

[Soleith]

'My immediate priority is to rebalance supply and demand, reducing dealer stock,’ said Lawrence Stroll.

From:

https://www.sharesmagazine.co.uk/news/shares/aston...

Cue the special PCP deals from Aston again!

[ghost83]

Soleith said:

'My immediate priority is to rebalance supply and demand, reducing dealer stock,’ said Lawrence Stroll.

From:

https://www.sharesmagazine.co.uk/news/shares/aston...

Cue the special PCP deals from Aston again!

Is it worth buying shares in Aston whilst they’re not worth owt

[Soleith]

ghost83 said:

Is it worth buying shares in Aston whilst they’re not worth owt

Lol, sure I guess if you want in on the next rights issue, I'd be surprised if they get through Corona and the impending global recession/depression without tapping shareholders for more cash at least a few more times.

[MKA29]

ghost83 said:

Is it worth buying shares in Aston whilst they’re not worth owt

Trend has been going down for a long time before all this.

I don't think Corona will reverse their fortune

[xcentric]

ghost83 said:

Is it worth buying shares in Aston whilst they’re not worth owt

You could buy shares in Aston if you wanted to lose money faster than buying a new Aston.....

If they do put on the good PCP deals though then I think they'll shift a decent level of stock, though they need more than a UK offer to move the share price substantially up, given recent China sales figures.....

[Petrus1983]

ghost83 said:

Is it worth buying shares in Aston whilst they’re not worth owt

I bought a small amount at circa 50p a week ago thinking that must be near the bottom - like fk it was

At the moment I can cover my losses via an intense amount of cookie eating at the AGM (if they even last that long) - however, I’d imagine a certain Mr Stroll (and Mr Wolfe for that matter) must be feeling rather sick right now.

Here’s the Petrus guide to losing 30% in a week -

[kith]

xcentric said:

ghost83 said:

Is it worth buying shares in Aston whilst they’re not worth owt

You could buy shares in Aston if you wanted to lose money faster than buying a new Aston.....

If they do put on the good PCP deals though then I think they'll shift a decent level of stock, though they need more than a UK offer to move the share price substantially up, given recent China sales figures.....

Problem with these PCP deals is that whilst they may help shift dealer inventory, and therefore drive dealers to start ordering from the factory again, once they are withdrawn then customers aren't going to bite, knowing that crazy deals have been offered in the past, and possibly the future. What they need to do is introduce a heavily facelifted Vantage to help draw a line between the heavily supported 'old' (2018-) model and a facelifted Vantage.

[DeejRC]

What they need to do is offer 0% and £1000/month on a DBS Superleg. I might be interested then ...

[s2000db]

McLaren looks like they’re on the brink, now using every last bit of security for a survival loan..

https://news.sky.com/story/coronavirus-mclaren-eye...

[PompeyReece]

s2000db said:

McLaren looks like they’re on the brink, now using every last bit of security for a survival loan..

https://news.sky.com/story/coronavirus-mclaren-eye...

The story says they're looking at it and loads of other options. Reading the whole story doesn't suggest "they're on the brink" and I'd be amaze if they went under.

[Gnevans]

Problem with these PCP deals is that whilst they may help shift dealer inventory, and therefore drive dealers to start ordering from the factory again, once they are withdrawn then customers aren't going to bite, knowing that crazy deals have been offered in the past, and possibly the future. What they need to do is introduce a heavily facelifted Vantage to help draw a line between the heavily supported 'old' (2018-) model and a facelifted Vantage.

Today’s Telegraph quotes the average sale price @ £98k down from £145k. In February a friend told me he had got 25% off a DB11 convertible.

[Ferruccio]

PompeyReece said:

s2000db said:

McLaren looks like they’re on the brink, now using every last bit of security for a survival loan..

https://news.sky.com/story/coronavirus-mclaren-eye...

The story says they're looking at it and loads of other options. Reading the whole story doesn't suggest "they're on the brink" and I'd be amaze if they went under.

It certainly evidences that more money from Bahrain isn’t a gimme.

[paddy1970]

Petrus1983 said:

I bought a small amount at circa 50p a week ago thinking that must be near the bottom - like fk it was

At the moment I can cover my losses via an intense amount of cookie eating at the AGM (if they even last that long) - however, I’d imagine a certain Mr Stroll (and Mr Wolfe for that matter) must be feeling rather sick right now.

Here’s the Petrus guide to losing 30% in a week -

or 95% since floatation

[jonah35]

The issue with cheap pcp deals is lots of people buy them new which is good in the short term

It does however take a bazooka to the second hand values and all the owners take a big bath

That then puts people off buying in future and pcp deals get dearer as balloon goes lower by finance cos that have been burned

Let’s talk straight

There’s a reason people buy a 911 GT3 and more than people admit it’s because they like the residuals

There’s a reason why people will happily spend £10k on a Rolex but not on a hub lot - it’s cos they owners know they’re not gonna take a bath

Mclaren have lost their way now
Porsche and Rolex and Ferrari to a lesser degree know how to maintain a brand image

Always keep supply below demand

Aston Martin are comical at the moment. Cars with dire interiors and their share price is reflective of what the market thinks

[av185]

jonah35 said:

Let’s talk straight

There’s a reason people buy a 911 GT3 and more than people admit it’s because they like the residuals

Most like their GT3s more than the residuals.

[IMI A]

jonah35 said:

Aston Martin are comical at the moment. Cars with dire interiors and their share price is reflective of what the market thinks

designed by Fendi.

[W11PEL]

av185 said:

jonah35 said:

Let’s talk straight

There’s a reason people buy a 911 GT3 and more than people admit it’s because they like the residuals

Most like their GT3s more than the residuals.

Unless it's a 991.2 GT3 RS RHD

The 992.1 GT3 will give the 991.2 GT3's a good kicking IMPHO

The Porsche Fanbois like a new model like the Fezza crowd. Especially when the dealer is doing you a favour letting you buy 130 grand plus motor. Genius really.

Pure Rolex SS Sports reverse psychology. It's a game I no longer wish to play.

I can accept real rare classic metal like a say a 911 Club Sport 3.2 from the pre "brand new car into the climate controlled storage facility" speculation era (it sort of started in the late 80's) but not brand new cars that are simply speculation commodities.

Tulips!

Edited by W11PEL on Friday 15th May 03:36

[Dewi 2]

Petrus1983 said:

I bought a small amount at circa 50p a week ago thinking that must be near the bottom.

At the moment I can cover my losses via an intense amount of cookie eating at the AGM.

Wrong again unfortunately.

Expect there will only be two shareholders at the 2020 AGM, as with most companies at present.
At their first AGM as a plc (2019) there was coffee, but nothing whatsoever to eat.

I only bought a miniscule number of shares, to frame the certificate.
It was never a serious investment proposition from the very start, unless you wanted to do shorting.

They have had 107 years of practice to be profitable, but during that time have only cracked it on a handful of occasions. Ironically, one of their profitable periods was when they were not even making cars. Aircraft parts for the war effort.

[Petrus1983]

Dewi 2 said:

Wrong again unfortunately.

I found the date of it last night and realised the consequences! I too had a minuscule amount which is very much resigned to the ‘bye bye’ file!

[Ferruccio]

Dewi 2 said:

They have had 107 years of practice to be profitable, but during that time have only cracked it on a handful of occasions. Ironically, one of their profitable periods was when they were not even making cars. Aircraft parts for the war effort.

My personal experience of AML unfortunately is that it’s just a badly run company.

There is often a high correlation between this and financial success.

I tried to feed this back to the company in advance of the float through a board member because I knew a shareholder who had a substantial holding.
Nothing.
No interest whatever in the customer experience, the additional costs that they incurred and the lost revenue opportunities I saw.

That’s often the trouble with VC lead businesses.
But they sold out at £19 and now the share price is 30p so they feel they did a really great job.
I don’t. It’s bad capitalism.

McLaren unfortunately smells the same.