AML - Stock Market Listing

AML - Stock Market Listing

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Discussion

AlexT

481 posts

236 months

Thursday 30th June 2022
quotequote all
The falls have been on significant volume. Very bearish. Any new announcements? Something's up.
Edit: just thoroughly read the above instead of skimming...not good!

Edited by AlexT on Thursday 30th June 15:37

Jon39

Original Poster:

12,825 posts

143 months

Thursday 30th June 2022
quotequote all

This afternoon, the Company released a statement to the London Stock Exchange.

No need to worry. As you were chaps.

'Sports cars sold out into 2023'.
What does 'sold out' mean?
Does it mean, reached the Gaydon factory production capacity, which in 2007 was 7,300 ?
( 2021 figures:- Sports + GT + Other + Specials = 3,177. )

DBX orders are more than 40% up on 2021.

If funding was explored and executed, it would be 'to support and accelerate the Company's future growth'.

When the statement was issued, the shares were trading at 385p.
Afterwards 'greatly relieved' (do I mean gullible?) share buyers moved the price steadily upwards, now 440p.


https://www.londonstockexchange.com/news-article/A...





Edited by Jon39 on Thursday 30th June 16:51

Beckson

371 posts

51 months

Thursday 30th June 2022
quotequote all
what a joke of a statement. and the dumb market buys the coolaid.

I wish the best for AML but this is troubling. their "sold out" statement is likely nonsense unless viewed through the very specific lens they are speaking it through.

oilit

2,625 posts

178 months

Thursday 30th June 2022
quotequote all
Focussed ?

Feels like there is one too many of the letter ‘s’ in that sentence in the release. Unless AM is now an american company listed on the US markets…….

Oh dear …..i fear i sound like Victor ……..Meldrew

12TS

1,831 posts

210 months

Thursday 30th June 2022
quotequote all
Cynical me. 385p was an all time low so released to boost the price. I just can’t see any future other than Mercedes picking up the bits.

oilit

2,625 posts

178 months

Thursday 30th June 2022
quotequote all

Jon39

Original Poster:

12,825 posts

143 months

Thursday 30th June 2022
quotequote all

oilit said:


A little tip for reading.

www.12ft.io

Copy and paste the URL that oilit's link takes you to, and voilà.






oilit

2,625 posts

178 months

Thursday 30th June 2022
quotequote all
Thanks Jon

LooneyTunes

6,840 posts

158 months

Thursday 30th June 2022
quotequote all
"sold out into 2023" is an interesting turn of phrase. I hope it doesn't turn out to simply mean "we've sold some vehicles for 2023 delivery".

And 40% uplift on DBX is meaningless without knowing the baseline numbers from last year.

SpeckledJim

31,608 posts

253 months

Thursday 30th June 2022
quotequote all
LooneyTunes said:
"sold out into 2023" is an interesting turn of phrase. I hope it doesn't turn out to simply mean "we've sold some vehicles for 2023 delivery".

And 40% uplift on DBX is meaningless without knowing the baseline numbers from last year.
If they know the actual numbers (and of course they do) but chose to use a vague-but-shiny form of presentation like that instead, it's clearly a BS fudge.

pschlute

719 posts

159 months

Thursday 30th June 2022
quotequote all
Probably appoint B Ecclestone as the next Chairman.

Beckson

371 posts

51 months

Thursday 30th June 2022
quotequote all
maybe some RUS investment with Bernie...

Jon39

Original Poster:

12,825 posts

143 months

Thursday 30th June 2022
quotequote all

SpeckledJim said:
LooneyTunes said:
"sold out into 2023" is an interesting turn of phrase. I hope it doesn't turn out to simply mean "we've sold some vehicles for 2023 delivery".

And 40% uplift on DBX is meaningless without knowing the baseline numbers from last year.
If they know the actual numbers (and of course they do) but chose to use a vague-but-shiny form of presentation like that instead, it's clearly a BS fudge.

DBX sales (to dealers) in 2021 = 3,001. [AML Annnual Report]

For 2022, they therefore appear to be suggesting 4,200 DBX sales.

One costly interesting conundrum, is operating two factories, both probably only running at half capacity.
How that can be resolved without upsetting many employees, I don't know.

I have never understood the 'cost efficiency' scheme, where every Gaydon built car, now goes on a 260 mile journey to St Athan and back, to be painted. Does that all happen without any scratches?








SpeckledJim

31,608 posts

253 months

Thursday 30th June 2022
quotequote all
Jon39 said:

SpeckledJim said:
LooneyTunes said:
"sold out into 2023" is an interesting turn of phrase. I hope it doesn't turn out to simply mean "we've sold some vehicles for 2023 delivery".

And 40% uplift on DBX is meaningless without knowing the baseline numbers from last year.
If they know the actual numbers (and of course they do) but chose to use a vague-but-shiny form of presentation like that instead, it's clearly a BS fudge.

DBX sales (to dealers) in 2021 = 3,001. [AML Annnual Report]

For 2022, they therefore appear to be suggesting 4,200 DBX sales.

One costly interesting conundrum, is operating two factories, both probably only running at half capacity.
How that can be resolved without upsetting many employees, I don't know.

I have never understood the 'cost efficiency' scheme, where every Gaydon built car, now goes on a 260 mile journey to St Athan and back, to be painted. Does that all happen without any scratches?

It's not ideal, of course.

But the Crewe-built Bentley has had its body-in-white very carefully and expensively transported c.1000 miles from Europe without hiccup, and yet Bentley is currently a gigantic gushing cash fountain.

So, whilst that road trip to Wales and back obviously isn't great, in-and-of-itself that's not the problem.

Poor styling leading to poor sales is the actual crux of the problem, IMVHO.

The reason to buy an AM instead of a Porsche used to be that the AM looked a damn-sight better, and so made you look a damn-sight cooler and more discerning. That situation has very much gone away. The current situation is not a happy one.


oilit

2,625 posts

178 months

Friday 1st July 2022
quotequote all
Agreed, I am assuming the paint shop in Wales must be working flat out, as originally St Athen had a 4000 DBX capacity per annum, so is the whole plant now at capacity ?


Jon39

Original Poster:

12,825 posts

143 months

Friday 1st July 2022
quotequote all

SpeckledJim said:
... But the Crewe-built Bentley has had its body-in-white very carefully and expensively transported c.1000 miles from Europe ...

Oh yes of course, I remember now.

Bentley need Audi Q7 body shells, as the basis for their car.
I think the Audi looks prettier and more rounded, if it is appropriate to say that about an SUV.

getmecoat


EDIT. Have just looked at a photo. Yuk, I must have been picturing an early Q5. They have gone even bigger, sharp edge and rectangular now.




Edited by Jon39 on Friday 1st July 08:00

KevinBird

1,036 posts

207 months

Friday 1st July 2022
quotequote all
SpeckledJim said:
Poor styling leading to poor sales is the actual crux of the problem, IMVHO.

The reason to buy an AM instead of a Porsche used to be that the AM looked a damn-sight better, and so made you look a damn-sight cooler and more discerning. That situation has very much gone away. The current situation is not a happy one.
Summed up better than a million industry analysis by an AM customer. Even the Valkyrie looks a dogs breakfast

KevinBird

1,036 posts

207 months

Friday 1st July 2022
quotequote all
But LS says they're sold out next year!

https://stocks.apple.com/AzyTWZL9WQpqfx1_1CRGVTQ

KevinBird

1,036 posts

207 months

Friday 1st July 2022
quotequote all
LS;

“Let me be crystal clear, black and white: we do not need money,” he said in February.

Yeah....

Jon39

Original Poster:

12,825 posts

143 months

Friday 1st July 2022
quotequote all
KevinBird said:
SpeckledJim said:
Poor styling leading to poor sales is the actual crux of the problem, IMVHO.

The reason to buy an AM instead of a Porsche used to be that the AM looked a damn-sight better, and so made you look a damn-sight cooler and more discerning. That situation has very much gone away. The current situation is not a happy one.
Summed up better than a million industry analysis by an AM customer. Even the Valkyrie looks a dogs breakfast

Not directly related to the topic (but I am the OP).

The mention of the 'Second Century' model designs, reminded me of a recent video.

Owners of those cars are unlikely to ever have the option of using an independent specialist (might only apply to the Mercedes engine models).

Supposedly, different AM diagnostic equipment is required. Hugely expensive and unlike the original version, must be connected to the factory when in use.