AML - Stock Market Listing
Discussion
Jon39 said:
Extract;
"We had so many separate organisations and units, we have no need for that... and you feel a team spirit which wasn't here when I first arrived. That was another astonishing thing - seeing how many silos there were in a small company like this."[/i]
Even during my years there (2007 - can't remember...) this was prolific. 'Empire Building' resulted in political backgammon with one department head acquiring a silo as part of some grand plan. This often resulted in odd splits where naturally symbiotic silos were split by the chasm of bureaucracy. I went for a job interview at McLaren and they spent most of the interview trying to figure out AM's departmental structure, I don't think they were any the wiser after the hour was up."We had so many separate organisations and units, we have no need for that... and you feel a team spirit which wasn't here when I first arrived. That was another astonishing thing - seeing how many silos there were in a small company like this."[/i]
Dewi 2 said:
AstonZagato said:
I rather like the idea of owning a McLaren but I can't find one that I would want to buy. The original MP12C is the least offensive.
Admittedly I have become a horder of cars, but how could you bear to part with your DBR2 ?
I would spend every day, just looking at it.
I can remember seeing one on the M25 (J5 to J6) in pouring rain with traffic all around. The driver must have been soaked. Not sure that would have been an enjoyable experience.
Why not use it more? Well, it was quite full-on to drive any distance - it really needed a full-face helmet. Going 30mph felt like 60mph and overtaking a lorry was rather terrifying when the wheels were higher than your head and you're driving something that was as flimsy. Also, whenever I did go to use it, something would seem to go wrong - the battery would be flat; or the carbs out of tune; or it simply wouldn't start, A slightly viscious cirlce of lack of use causing problems and problems causing a lack of use.
Also, it was too noisy for most track days.
But, when I look back at the photos, I do regret parting with it. I didn't need the money or the garage space.
RichB said:
AstonZagato said:
It was a lovely thing but utterly impractical (it was a very good replica)...
AZ, was it one of Andrew Soar's ones? Off Topic - the Aston racing cars of this period were very often driven to and fro the circuit. The drivers taking the cars to Le Mans were chosen from the worst time keepers at the factory. Driving to the ferry, staying with the car on the ferry and then driving to Le Mans was considered a punishment. Wet, cold and tired - depending on the weather - and carrying the hopes of David Brown and the team. Me! Me! I'm going to be late in on Monday.
Existing owners often mention here, that their initial attraction to the marque and primary buying motive, being beautiful understated Aston Martins.
Tobias Moers recently said, 'Aston needed to up its game on luxury, from the cars to the buying and owning experience. He also hinted that there needed to be a design overhaul to make the cars more beautiful.'
He has got it.
Jon39 said:
Existing owners often mention here, that their initial attraction to the marque and primary buying motive, being beautiful understated Aston Martins.
Tobias Moers recently said, 'Aston needed to up its game on luxury, from the cars to the buying and owning experience. He also hinted that there needed to be a design overhaul to make the cars more beautiful.'
He has got it.
NFC 85 Vette said:
Please tread carefully here, there's a risk you'll say something positive about the management, and that's not what this forum is about...
It is said that bad news sells newspapers.
AM PHers tend to be a far more balanced group though.
Endless repetitive criticism following an AML blunder, or when they try to search for that mysterious group of 'new younger wealthy customers' to replace the enthusiastic old codger wealthy customers they already rely on, but always remembering to contrast that briefly with some praise when rightly deserved.
Tobias Moers seems to enjoy more performance (Vantage F1 is 15 seconds faster at the Nordschleif).
Please don't forget the opinions of existing owners, Mr. Moers.
This recent comment (bought more than one car topic) is from Gene, a four times Aston Martin buyer.
Gene G said:
I had a launch edition DB11. Everything that made an Aston special was gone. The smell of the leather gone. The fit and finish gone. The paint ( I had a dark gray with heavy metallic) and it was blotchy. It drove nice and it was fast but I just couldn’t like it. It drew quite a bit of attention and people seemed to like it, but it just wasn’t for me. It wasn’t a bad car, just wasn’t the same as previous generations of Astons. It was more of a nice mass production car like a Porsche. I now have a 2016 V8Vantage and absolutely love it.
We all have different views on the product, I'm pretty positive about it though no doubt there is room for improvement.
Moving back to the Stock Market listing, I see AML Global Holdings described as a 'Momentum Trap', which I gather means a stock with high profile and emotive value, which can fluctuate wildly. I gather then that the value of the shares may represent hope over reality. Is that fair? How is the business performing, are they selling cars? Anyone know?
There haven't been any disaster tales lately, which has to be be a good thing.
Moving back to the Stock Market listing, I see AML Global Holdings described as a 'Momentum Trap', which I gather means a stock with high profile and emotive value, which can fluctuate wildly. I gather then that the value of the shares may represent hope over reality. Is that fair? How is the business performing, are they selling cars? Anyone know?
There haven't been any disaster tales lately, which has to be be a good thing.
soofsayer said:
Saw a news piece this morning that aml are taking legal action against a Swiss dealer for not passing on customer deposits for the new gen cars?
No, it’s all Valkyrie related. Presumably those deposits are what’s in question, which stacks up when you consider they are probably half a million quid each or something. ExecutiveAction said:
Moving back to the Stock Market listing, I see AML Global Holdings described as a 'Momentum Trap', which I gather means a stock with high profile and emotive value, which can fluctuate wildly. I gather then that the value of the shares may represent hope over reality. Is that fair? How is the business performing, are they selling cars? Anyone know?
There haven't been any disaster tales lately, which has to be be a good thing.
There haven't been any disaster tales lately, which has to be be a good thing.
It depends what type of share buyer you are. A short-term trader, or long-term investor.
Momentum Trap does not have a meaning, except that it implies the usual 'hook' for fees and commission.
Two major negatives for AMLGH.
Aston Martin has had numerous owners during its 108 year history, including some very successful business people.
All have tried to make Aston Martin profitable, but almost all enjoyed the cars, but failed to achieve profitability.
The business has kept going, because passion for the brand has always secured another rescuer.
Since the Ford era, debt has become present and is now huge with high interest rates.
At present, all depends on the DBX.
Their best sports car sales period was around 2007 and even then profit was minimal. Far more competition now and the forthcoming electric era might be difficult for AML.
A great car marque, but has never been a great investment. The £4.3 billion valued IPO was shameful.
Edited by Jon39 on Wednesday 23 June 09:47
Jon39 said:
Far more competition now and the forthcoming electric era might be difficult for AML.
A great car marque, but has never been a great investment. The £4.3 billion valued IPO was shameful.
Exactly! The electric era will be really challenging for AML - as it effectively removes one of the critical elements that has made Aston cars destinctive for a long time - big engines which make a great noise. A great car marque, but has never been a great investment. The £4.3 billion valued IPO was shameful.
When these are gone they will be indistinguishable from the fleets of other rapid milk floats wafting around our streets, leaving them likely relying on their styling/looks and quality of finish, elements that have been questionable by most here in the latest generation of cars.
Remarkably I’ve still not seen a DBX on the road. I live in London and travel a fair bit.
It just seems odd as it’s over a year since launch and there are plenty on Autotrader.
I saw a new Ford Kuga the other day and thought it was a DBX!
It just seems odd as it’s over a year since launch and there are plenty on Autotrader.
I saw a new Ford Kuga the other day and thought it was a DBX!
Edited by Thankyou4calling on Wednesday 23 June 10:05
soofsayer said:
Saw a news piece this morning that aml are taking legal action against a Swiss dealer for not passing on customer deposits for the new gen cars?
Link here: https://www.bbc.co.uk/news/business-57567068£15m hit to profits due to this, apparently.
Dick Dastardly said:
Same here. Most weeks I'll see a new Vantage, DB11 or DBS but I'm yet to see a DBX. Strange for what's supposed to be the biggest seller in their range. I worry that it isn't selling well at all.
When only 20% of all the DBX's produced in the first year are destined for UK customers, I wouldn't expect to see many (it's not as if Aston Martin's are a common marque on UK roads at the best of times). From August onward they might become more common a sight, so comments about it looking like an expensive Ford Kuga will perhaps ramp up a notch (another car that you need a thick skin to own to not be annoyed by the remarks of others).The fact remains that the UK wasn't the primary target for the model, so they might never be a common sight. I was led to believe the overall sales figures were an encouraging start (not brilliant, but good considering the turbulent year it launched in).
NFC 85 Vette said:
When only 20% of all the DBX's produced in the first year are destined for UK customers, I wouldn't expect to see many (it's not as if Aston Martin's are a common marque on UK roads at the best of times). From August onward they might become more common a sight, so comments about it looking like an expensive Ford Kuga will perhaps ramp up a notch (another car that you need a thick skin to own to not be annoyed by the remarks of others).
Approximately 20% has traditionally always been the UK overall production for AML.
Are you expecting the UK to be a bigger percentage market for the DBX ?
Proportion figures are probably distorted at present, because sales of the Sports and GT models have been reduced.
I dont agree with your reference to adverse DBX PHer comments.
The model has generally been complemented on here. Even mention of high cost may not be entirely fair, because it is supposed to be competing with Bentley and that Italian SUV, not Range Rover.
Oilit's comment is the same as one I have previously made and are certainly not intended to be a criticism of the DBX.
1. By their nature, all SUVs are of a very similar silhouette.
2. The most common colour by far for SUVs in the UK is black.
3. Therefore if DBX buyers would like their new car to be noticed, then simply avoid buying a black one.
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