AML - Stock Market Listing

[Jon39]

JB65 said:

V12Manual said:

GBP 22 million over four years? Sounds like a bargain frankly given what Dr Palmer is doing.

:-) if only we were rewarded for the promises we made

Hopefully it is not as easy as that. I have not studied the terms, but these days, the schemes are normally subject to a strict delivery criteria.
What could possibly go wrong during the next four years? The prospectus contains a lengthy list of risks.

[JB65]

£35m at IPO with £7m immediate pay with IPO price being the only variable it seems.

https://www.thetimes.co.uk/edition/business/welcom...

[Jon39]

JB65 said:

£35m at IPO with £7m immediate pay with IPO price being the only variable it seems.

https://www.thetimes.co.uk/edition/business/welcom...

If the IPO goes to plan (remember what happened with BP In 1987), then the present investors who are selling their shares, will see a total of £1,275,000,000.
They might be the only Aston Martin investors in 105 years, to have ever made a profit on the money they put in to this business. I think you will agree, AP and his team have made that achievement possible for the investors. The balance of the share award, locked in I think for 4 years, requires the ship to keep going strongly, otherwise the share price falls, together with the value of his award.

Seems a fair deal to me. Reward for the achievement so far ( a tiny percentage) and for the second part, a carrot to keep the profits growing.
I think the 4 year second part, will certainly not be easy.

[RL17]

Happy at tie in and upside for AP

Dr Bez shares are worth £32m to £40m (0.8%)

[HBradley]

RobDown said:

Brief update - price range for shares has been narrowed to £18.50-£20 this morning (from £17.50-22.50). Books are covered at those levels. Gives a valuation of 4.2-4.5 bn

So all going smoothly. Congrats to AP et al

Yep, looking good! Nice article in the Times this morning.

[Minglar]

Should all eligible participants have received an email or postal communication by now?

It looks like the window to apply on line for initial shares has now closed, which ties in with Robs comments on levels of interest/coverage.

Best Regards

Minglar

[Jon39]

RobDown said:

Brief update - price range for shares has been narrowed to £18.50-£20 this morning (from £17.50-22.50). Books are covered at those levels. Gives a valuation of 4.2-4.5 bn

I was hoping for FTSE 100 eligibility, then the trackers would have to buy.
Just missed at this stage then.

[Jon39]

Minglar said:

Should all eligible participants have received an email or postal communication by now?

It looks like the window to apply on line for initial shares has now closed, which ties in with Robs comments on levels of interest/coverage.

Best Regards

Minglar

Yes, my own email arrived several weeks ago.
If you have not had one Richard, perhaps you are not on the database at Gaydon.

Unless there is a price jump during the first few days of trading, then it will not make any difference to you, because you can buy in the market. If you like the thought of having a share certificate rather than just a broker statement, you need to make sure your selected stock broker allows certificated purchases.

I think initial trading is planned for Wednesday, but dealing for private individuals begins next week.

It would be interesting to see how many car owners have applied for shares in the IPO, but we will probably never know.

[Jon39]

ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC - SHARE TRADING HAS BEGUN

The IPO offer price was set at 1900p.

The share price increased slightly when trading commenced, but half an hour later trading was about 1830p.
Now you know why I did not want to apply in the IPO.

Edited by Jon39 on Wednesday 3rd October 08:40

[Buster73]

Somebody sold £21m worth at 8.00 am this morning.

[Jon39]

Buster73 said:

Somebody sold £21m worth at 8.00 am this morning.

I think that trade would be in connection with the internal auction system.

I have never understood how it all works, but you can see very big trades recorded for most quoted companies, at both opening and closing each day.

[V8V Pete]

Buster73 said:

Somebody sold £21m worth at 8.00 am this morning.

Not me

[Bobajobbob]

First 15 minutes is an auction I think.

[Bobajobbob]

[RobDown]

The nature of the company is such that it’s going to attract a fair bit of short interest from the hedge funds. I might be tempted once that’s settled down over the next few days

[V12Manual]

"Aston Martin has made a disappointing stock market debut, with shares in the luxury carmaker dipping as low as £17.75 when trading got under way, having opened at £19."

[RL17]

Didn't do initial offer despite serious consideration so have gone for a small flutter - after a bit of juggling, phone calls and trades as shares apparently not fully issued and mot eligle for all platforms etc

Good ticker AML and easier to keep track on company shares etc

[jonby]

Price now 1776
https://www.londonstockexchange.com/exchange/price...

Reality is that for all the fluctuations, the company is still valued at billions of pounds - there's an awful lot riding on the plans for the next 5 or so years working because right now, turnover & profit look nothing like a multi billion pound company. Of course that could be said of Tesla, facebook a few years ago and many others so nothing new there !

[Buster73]

Jon39 said:

I think that trade would be in connection with the internal auction system.

I have never understood how it all works, but you can see very big trades recorded for most quoted companies, at both opening and closing each day.

That’s two of us then , thought it was a bit odd such a big sale within seconds of opening .

[Jon39]

jonby said:

Price now 1776

As a financial man Jonby, did you foresee this?
Being one of the stockmarket biggest one day fallers (7.5% at present), is not what they would have hoped for.

There was so much hype leading up the IPO to boost the float price, and the 2017 profit was only achieved by balance sheet accounting, which is very important to fundamental investors.
OK for the sellers. However, considering the seller aspect, what puzzles me, is that I don‘t think the Italian owner did sell completely.

We are only talking about a one day movement, but an IPO first day is often remembered.
Selecting a price which results in a first day increase, is a good way to start.