AML - Stock Market Listing
Discussion
Comments from J PMorgan.
The first time that I have seen the big debt refinancing being mentioned..
We witnessed the City finding buyers for the IPO shares in 2018, so I suppose anything is possible.
However, how such a huge amount of debt can be refinanced by a loss making firm, puzzles me.
18 months left. Will be interesting to see how this is dealt with.
https://news.google.com/articles/CBMijQFodHRwczovL...
Edited by Jon39 on Saturday 26th September 08:02
Jon39 said:
Comments from J PMorgan.
The first time that I have seen the big debt refinancing being mentioned..
We witnessed the City finding buyers for the IPO shares in 2018, so I suppose anything is possible.
However, how such a huge amount of debt can be refinanced by a loss making firm, puzzles me.
18 months left. Will be interesting to see how this is dealt with.
https://news.google.com/articles/CBMijQFodHRwczovL...
Edited by Jon39 on Saturday 26th September 08:02
SSO said:
The comment about two major shareholders trimming their holdings is not exactly a vote of confidence.....
Well at least JP Morgan don't have them marked down to "Sell", which has to be encouraging considering the state of the finances, the amount of debt and the world economy.As far as the shareholders trimming I would guess that this will be the Kuwaitis, as they've been looking to get out for a while. They only really got involved because they wanted to play at owning a car company and David Richards persuaded them when Ford wanted to sell. I don't think they were too happy when InvestIndustrial got involved, as those guys actually understand the car industry. I had heard there was some sort of "poison pill" where if another shareholder assumed close to control they would be obliged to buy out the original shareholders. I never saw any evidence for this and I'm not sure how that would be compatible with a stockmarket listing and Stroll's involvement. The whole IPO was all about giving the shareholders some cash, rather than funding the business going forward - perhaps AML will be better off with fewer of those sort of shareholders.
LTP said:
As far as the shareholders trimming I would guess that this will be the Kuwaitis, as they've been looking to get out for a while.
I think InvestIndustrial have also recently reduced their holding.
( The LSE declaration forms sometimes confuse me, with regard to precisely what overall action has occurred. )
Thankyou4calling said:
Any details on DBX sales yet?
It all seems a bit quiet on that front.
Nothing so far. Will be interesting to see if they are transparent on DBX orders when they release Q3 results in October. Can't believe they cut the price because of exceedingly high demand......It all seems a bit quiet on that front.
Thankyou4calling said:
Cut the price?
Has the list price been reduced?
https://www.motor1.com/news/445173/aston-martin-dbx-vantage-cheaper/Has the list price been reduced?
https://www.motortrend.com/news/2021-aston-martin-...
Bloomberg did a video interview, I think at a motorshow, with the AML Asia area chief.
The gentleman was very enthusiastic about sales this year. Q1 slow (COVID-19), but Q2 and Q3 very good. He is hoping for a record 2020 and even mentioned having some enquiries from 25 year olds.
As AML have obviously not yet released their July to September figures, I was not sure that he should have been saying as much as he did (quoted company).
Anyway, the market reacted to it today (+6.36%).
Up to 2019 China sales have been increasing by a significant percentage, but so far, from a modest base.
Jon39 said:
Bloomberg did a video interview, I think at a motorshow, with the AML Asia area chief.
The gentleman was very enthusiastic about sales this year. Q1 slow (COVID-19), but Q2 and Q3 very good. He is hoping for a record 2020 and even mentioned having some enquiries from 25 year olds.
As AML have obviously not yet released their July to September figures, I was not sure that he should have been saying as much as he did (quoted company).
Anyway, the market reacted to it today (+6.36%).
Up to 2019 China sales have been increasing by a significant percentage, but so far, from a modest base.
My contact at my local Aston dealership here in the Los Angeles area says all the models are now selling as a brisk pace. He told me things have picked up a lot since May and are better than they have been in a while. I can see from their and other dealership website inventory trackers that cars aren't sitting for a long time. Let's see.
SSO said:
Thankyou4calling said:
Any details on DBX sales yet?
It all seems a bit quiet on that front.
Nothing so far. Will be interesting to see if they are transparent on DBX orders when they release Q3 results in October. Can't believe they cut the price because of exceedingly high demand......It all seems a bit quiet on that front.
Argleton said:
Do people have physical cars yet? I'm surprised there aren't any on autotrader. Usually some new models are flipped quite quick and pop up on there. There are none. I appreciate not a good barometer for actual sales..but still.
I received an unsolicited email today from a finance business claiming they had a brand new DBX "available immediately for one of our clients".bish_345 said:
Argleton said:
Do people have physical cars yet? I'm surprised there aren't any on autotrader. Usually some new models are flipped quite quick and pop up on there. There are none. I appreciate not a good barometer for actual sales..but still.
I received an unsolicited email today from a finance business claiming they had a brand new DBX "available immediately for one of our clients".
Argleton said:
Do people have physical cars yet? I'm surprised there aren't any on autotrader. Usually some new models are flipped quite quick and pop up on there. There are none. I appreciate not a good barometer for actual sales..but still.
They certainly do. A lovely black one on our school run already which was likely one of the first. I've seen a couple out and about not on 'KU' (factory) plates, including a few customer cars at Blenheim at the weekend.
I'm awaiting a test drive from AM Notts when my Vantage goes in for a couple of bits. I reckon it looks stunning in the flesh, they've really nailed the interior. I hope the centre console and horizontal side air vents find their way into DB11/DBS, it's definitely the nicest Aston interior I've ever seen.
I'm awaiting a test drive from AM Notts when my Vantage goes in for a couple of bits. I reckon it looks stunning in the flesh, they've really nailed the interior. I hope the centre console and horizontal side air vents find their way into DB11/DBS, it's definitely the nicest Aston interior I've ever seen.
Shrimpvende said:
<clip> I reckon it looks stunning in the flesh...
While I would agree they have crafted one of the best looking vehicles of this kind, I cannot see how it can be stunning. A Lamborghini Aventador or Bugatti Chiron could be stunning, indeed Aston Martin's own Vulcan could be seen as stunning. My personal favourite in the 'stunning' class is still the One-77 but these big elevated saloons (they're not really SUVs 'cos they don't have an open back for your Scuba stuff or perhaps a dead deer) can never stun in the appearance stakes. Surely the best you can hope for is an attractive design, which the DBX is, and - when coughing up in the region of £150k a nice luxurious interior? All IMO 
RichB said:
...... but these big elevated saloons (they're not really SUVs 'cos they don't have an open back for your Scuba stuff or perhaps a dead deer) can never stun in the appearance stakes. Surely the best you can hope for is an attractive design, which the DBX is, and - when coughing up in the region of £150k a nice luxurious interior.
I am by no means an obsessive environmentalist, but if it is necessary for us to minimise pollutants, why have so many motorists in the UK recently changed their personal transport from small and medium size cars, to big, heavy SUVs?
A heavier vehicle, whether it is powered by petrol, diesel, or electricity, obviously requires more energy to move it.
Someone said that the recent rise in UK pollution, has been almost entirely due to the increase in the number of SUVs.
Our Aston Martins might be called polluters, but unlike SUVs, we tend on average to do miniscle mileages compared to everyday vehicles.
Edited by Jon39 on Tuesday 29th September 15:26
Gassing Station | Aston Martin | Top of Page | What's New | My Stuff