AML - Stock Market Listing
Discussion
Rjscharer said:
Report in the states yesterday that AM’s leather supplier for certain models is out on strike which will impact production. Can’t help
the stock price.
the stock price.
I looked for info.
Mentioned is NCT Leather being on strike.
Aston Martin's supplier is Bridge of Wier Leather Company. Although both are in the same group of companies, let's hope that BoW are not affected.
'Scottish Leather Group Limited is the largest manufacturer of leather in the United Kingdom. The Group comprises of four leather manufacturing subsidiaries: Andrew Muirhead & Son, Bridge of Weir Leather Company, W. J. and W. Lang and NCT Leather. The member companies of the Group are long established with a combined experience in tanning and finishing leather of over 500 years. Their specialist leathers are produced for a wide range of industries including automotive, aviation, bus & coach, rail, furniture and marine. The philosophy of Scottish Leather Group is a desire to establish the highest industry standards for quality, innovation, value, service and care for the environment.'
We have a national train strike here today. Very strong union, who over the years have been able to increase drivers salaries to quite high levels.
Perhaps surprisingly, the union leader talked openly about class warfare (his salary, £124,000 per year plus benefits) and bringing down the government. That did not help with public support. Daily commuting by train is significant in parts of the UK, London especially.
Do you have this type of strike action sometimes in the USA ?
Edited by Jon39 on Tuesday 21st June 12:03
Jon39 said:
I have just read this news extract. An engineering parts supplier to car manufacturers. Sounds like a very difficult situation.
“We have had to turn down inquiries for jobs because we haven’t been able to secure a price for the steel. We have never ever known it like this before. Even when quotes do come back from suppliers, they are two to three-times more expensive than a year ago — and the end customer has to accept the figure almost immediately. If the customer doesn’t make their mind up very quickly, either that steel has been taken by somebody else, or the price has now changed again. It is very difficult to do business.”
Working at a sharp end of the crunch in global supply chains and is far from alone: the West Midlands a major British manufacturing hub, particularly for vehicles. It is a heartland in crisis as shortages cripple local production, with the impact rippling into the wider economy.
The factories that this business serves, assemble a huge array of parts to make, for instance, sports cars. If they cannot get even one part then the vehicles cannot be produced, hitting orders for all other components, hurting suppliers, workers, and in turn local shops, pubs and the wider economy.
To some extent it is consumer confidence that drives a recession or a boom, but equally when the tide is about to turn a lot of people seem to have their heads in the sand and refuse to believe anything is about to change. History is so easily forgotten
Apropos of almost nothing at all, I grew up living in two neighbouring villages to Bridge of Weir (Kilmacolm and Houston) and had many a happy day cycling through Bridge of Weir and up the hill past the tannery. As this was the 70s, I imagine Aston Martin was already a customer, though I think they were better known for producing shoe leather for Clarks at the time.
A nice village, always bathed in early evening sunlight in my memory of those days.
A nice village, always bathed in early evening sunlight in my memory of those days.
Jon39 said:
“We have had to turn down inquiries for jobs because we haven’t been able to secure a price for the steel. We have never ever known it like this before. Even when quotes do come back from suppliers, they are two to three-times more expensive than a year ago — and the end customer has to accept the figure almost immediately. If the customer doesn’t make their mind up very quickly, either that steel has been taken by somebody else, or the price has now changed again. It is very difficult to do business.”
Working at a sharp end of the crunch in global supply chains and is far from alone: the West Midlands a major British manufacturing hub, particularly for vehicles. It is a heartland in crisis as shortages cripple local production, with the impact rippling into the wider economy.
The 'global village' worked very well for 20+ years, and we based ourselves on it. Now the scales might have tipped the other way, and what was a benefit is a handicap.Working at a sharp end of the crunch in global supply chains and is far from alone: the West Midlands a major British manufacturing hub, particularly for vehicles. It is a heartland in crisis as shortages cripple local production, with the impact rippling into the wider economy.
Jon39 said:
Very strong share price gains for 3 days now.
Has everything been sorted at Aston Martin ?
Looks like on the 17th there was a bounce with volume. Let's see if it can hold minor support @ 515. Major support around 960. Would like to see it above 750 as first confirmation of a possible turnaround. Hopefully it heads that way soon. To any holders here ...good luck!
AlexT said:
Jon39 said:
Very strong share price gains for 3 days now.
Has everything been sorted at Aston Martin ?
Looks like on the 17th there was a bounce with volume. Let's see if it can hold minor support @ 515. Major support around 960. Would like to see it above 750 as first confirmation of a possible turnaround. Hopefully it heads that way soon. To any holders here ...good luck!
Best Regards
Minglar
AlexT said:
Looks like on the 17th there was a bounce with volume.
Let's see if it can hold minor support @ 515.
Major support around 960.
Would like to see it above 750 as first confirmation of a possible turnaround.
Let's see if it can hold minor support @ 515.
Major support around 960.
Would like to see it above 750 as first confirmation of a possible turnaround.
My question was slightly 'tongue in cheek', Alex.
You ought to tell Mr. Charlie Munger about your analysis technique.
He has spoken about this.
On second thoughts, perhaps not.
The self made, multi-billionaire investor, is now 98 years old.
Don't want to cause stress.
amongst investors, there are always some who make buying decisions, simply after seeing a share price fall considerably. Probably know little about the specifuc fundamentals of a business.
We should see Q2 results being reported towards the end of July.
There are quite a few Valkyries now being shown on the internet. That presumably should help Q2 revenue, although probably not do much for the 'bottom line', because we have been told the development costs became huge.
UK sales in May were dreadful, but of course that tells us nothing about worldwide.
EDIT -
Don't know why 'amongst' shows a lower case 'a'.
Definitely a capital 'A' where the text is typed.
Edited by Jon39 on Wednesday 22 June 08:59
Jon39 said:
We should see Q2 results being reported towards the end of July.
There are quite a few Valkyries now being shown on the internet. That presumably should help Q2 revenue
Indeed the 666 new V12V deliveries start very soon too, and given they are all sold so either way that's >£200mil of extra turnover in the next 12mths. There are quite a few Valkyries now being shown on the internet. That presumably should help Q2 revenue
AdamV12V said:
Jon39 said:
We should see Q2 results being reported towards the end of July.
There are quite a few Valkyries now being shown on the internet. That presumably should help Q2 revenue
Indeed the 666 new V12V deliveries start very soon too, and given they are all sold so either way that's >£200mil of extra turnover in the next 12mths. There are quite a few Valkyries now being shown on the internet. That presumably should help Q2 revenue
AM have said on numerous occasions that the coupes were all sold out…..fwiw.
Best Regards
Minglar
Minglar said:
Sorry Adam, maybe I’m being a bit slow this morning, but I thought it was 333? Or does your number include the……..whisper it…….roadsters too?
AM have said on numerous occasions that the coupes were all sold out…..fwiw.
Yup, Im including the confirmed but not yet officially announced Roadsters... We'll see AM have said on numerous occasions that the coupes were all sold out…..fwiw.
Petrus1983 said:
Did they all sell for £300k+? Serious question as I’m out of touch with AM prices - just seems a lot.
Yes, the Coupe was hard to spec under £300k and realistically £320k was more like the price you would end up with for a decent, non pauper, spec. Based on history the Roadster is likely to be £25-£50k on top of that I expect, so hence £200mil is at the very bottom end of what the model should turn over.That said it's profit that counts, but if they do all sell I would expect it to be profitable at that price and production count.
Edited by AdamV12V on Wednesday 22 June 10:12
Coupe numbers were / are 333 with a yet to be announced Roadster number which I believe was to be in the 100-150 range which of course by now could be higher.
Adam has given £numbers which sound pretty spot on.
Those I know who are expecting delivery of the coupe have all spent more than £300k speccing.
Adam has given £numbers which sound pretty spot on.
Those I know who are expecting delivery of the coupe have all spent more than £300k speccing.
ds666 said:
????
I was about to say, have you posted a coded message, but when I went into the reply page, it revealed four question marks.
The number plate L555 BAT.
British American Tobacco (BAT) sponsored the hugely successful (Prodrive constructed) Subaru Rally Team.
BAT have a cigarette brand called State Express 555, named on purpose presumably for the far east association with that number.
I don't think we have a significant or lucky number in the UK.
Obviously there is 13, being associated with bad luck. I thought that was nonsense, but after Apollo 13 had the oxygen tank explosion, on the 13th April, I was not so sure.
Jon39 said:
Obviously there is 13, being associated with bad luck. I thought that was nonsense, but after Apollo 13 had the oxygen tank explosion, on the 13th April, I was not so sure.
Chance and probability. I'm quite sure that 29 out of 30 accidents don't happen on the 13th of a month, but when they do, you note them. It's a bit like registering traffic lights more when they're red than green.Simpo Two said:
Jon39 said:
Obviously there is 13, being associated with bad luck. I thought that was nonsense, but after Apollo 13 had the oxygen tank explosion, on the 13th April, I was not so sure.
Chance and probability. I'm quite sure that 29 out of 30 accidents don't happen on the 13th of a month, but when they do, you note them. It's a bit like registering traffic lights more when they're red than green.Is it all space-related?
Gassing Station | Aston Martin | Top of Page | What's New | My Stuff