AML - Stock Market Listing

[M1AGM]

Jon39 said:

The last two letters.

https://www.oldclassiccar.co.uk/registrations/gm.h...

https://www.privateplate.net/letter-sequence-befor...

Thanks guys most interesting, never knew that.

[Jon39]

M1AGM said:

Thanks guys most interesting, never knew that.

Each county or area used to have its own Vehicle Licensing Office.
Lionel Martin it is said, purposely made a visit to (I think) Wiltshire from London, to specially register a new Aston Martin and obtain an AM registration mark.

There must have been some local decision making allowed, before those offices were all closed.
eg. Just before the year letters started in 1963, Kent Licensing issued a series of D registration marks, such as D 65.
So you collect your new Austin Mini and years later, the car is probably worn out, but for no extra cost, the registration mark eventually becomes very valuable, or a lovely thing to have. Unless you sold on the Mini, without realising what you were parting with !
You still see some of those registration marks in Kent.

[cardigankid]

M1AGM said:

cardigankid said:

This is a very interesting post - inspiring actually - sprezzatura as defined here could well be a model for 'ultra luxury' - "an apparently carelessly achieved quality of effortlessness". It has content - what I fear is that price itself without appropriate content becomes the defining factor. The trouble is that I am not sure that the AML management are sufficiently sophisticated to implement it. Marek Reichman is, for sure, but the money people?

Incidentally, M1AGM, I don't know if that is your plate, but it is a Motherwell & Wishaw registration from Central Lanarkshire.

Agree with that concern.

Thanks for the info on my plate. I have owned it for 20 years and never knew that. How did you know?

What Jon said, but all the nice cars around here have got GM plates!

[Jon39]

Please do try to keep a straight face whilst watching this.
Lawrence Stroll explains.

The share price has not fallen more than 90% since IPO, there is a slight confusion, because there have been a couple of rights issues, last year, so that means the share price has doubled since I took over as Executive Chairman.

Sports car orders exceed our expectations , the DBX has been phenomenal, has been a transformative game changer, basically doubled the numbers the company previously had.

[Notes:- The best number the company previously had was 7,200 and that was without any SUVs. ]

And this years BAFTA award winner is .............

Edited by Jon39 on Monday 3rd April 08:20

[alscar]

Jon39 said:

Please do try to keep a straight face whilst watching this.
Lawrence Stroll explains.

The share price has not fallen more than 90% since IPO, there is a slight confusion, because there have been a couple of rights issues, last year, so that means the share price has doubled since I took over as Executive Chairman.

Sports car orders exceed our expectations , the DBX has been phenomenal, has been a transformative game changer, basically doubled the numbers the company previously had.

[Notes:- The best number the company previously had was 7,200 and that was without any SUVs. ]

And this years BAFTA award winner is .............

Edited by Jon39 on Monday 3rd April 08:20

Numbers never lie...unless they do....

Did you get a hard copy of the R&A - I received 2 so have a spare one going ?

[Simpo Two]

Jon39 said:

The last two letters.

https://www.oldclassiccar.co.uk/registrations/gm.h...

https://www.privateplate.net/letter-sequence-befor...

Yep. You see, nobody uses this book any more:

[Agent57]

Simpo Two said:

Yep. You see, nobody uses this book any more:

I'm sure I had a copy of that exact book as a child.

[oilit]

Jon39 said:

Please do try to keep a straight face whilst watching this.
Lawrence Stroll explains.

The share price has not fallen more than 90% since IPO, there is a slight confusion, because there have been a couple of rights issues, last year, so that means the share price has doubled since I took over as Executive Chairman.

Sports car orders exceed our expectations , the DBX has been phenomenal, has been a transformative game changer, basically doubled the numbers the company previously had.

[Notes:- The best number the company previously had was 7,200 and that was without any SUVs. ]

And this years BAFTA award winner is .............

Edited by Jon39 on Monday 3rd April 08:20

I had to switch off after the first couple of minutes. He should help Trump and Boris on their next campaigns - they seem to have a lot in common.

AM will not get a £1 of my money on new cars for as long as this person is involved.

[oilit]

Agent57 said:

Simpo Two said:

Yep. You see, nobody uses this book any more:

I'm sure I had a copy of that exact book as a child.

I was thinking the same !!

[Jon39]

Agent57 said:

Simpo Two said:

Yep. You see, nobody uses this book any more:

I'm sure I had a copy of that exact book as a child.

The following circumstances would not fool either of you then.

Spotted on a Porsche Taycan
Y80 DT

Wonder if a speed camera or ANPR device, reads that as; 'Error - vehicle does not exist'.
Probably only get booked, if followed by a Police Traffic car (remember those ?).

[Agent57]

Y8 ODT ?

[AstonZagato]

Simpo Two said:

Yep. You see, nobody uses this book any more:

I idly wondered what, if anything, those plates were on today.
PRO 1 - No record
HEH 121E - No record
SAY 99 - 1999 VW Golf
VC 1 - 2020 BMW 118
2 FAT - 2020 Discovery Sport
The active ones are worth more than the cars they are on.

[Beckson]

AML's IPO has to have been about the worst decision they could have possibly made and will be viewed as such in their corporate history. I get it.... their shareholders wanted liquidity at the time etc, but for AML as a company, easily a horrible mistake.

That interview really is like watching some of these conservative politicians "Explain" ie- sell their bullsh*t.
Does he really think people are that stupid to believe all that or is it just an act? Or maybe he himself actually believes it?

[Jon39]

Agent57 said:

Y8 ODT ?

Yes, 1st prize.

Which is;
No need to watch the Lawrence Stroll interview.

[quench]

Jon39 said:

Please do try to keep a straight face whilst watching this.

"Transformative game changer". As opposed to a non-transformative game changer??? Obviously, double hyperbole trumps single hyperbole in CEO land.

There has always been an element of spin and outright lying that goes with a job like Mr. Stroll's (and obviously in politics as pointed out). But is it just me or does it seem to be so much more in your face, with a flippant "f&*@ you" attitude these days?

[Minglar]

quench said:

Jon39 said:

Please do try to keep a straight face whilst watching this.

"Transformative game changer". As opposed to a non-transformative game changer??? Obviously, double hyperbole trumps single hyperbole in CEO land.

There has always been an element of spin and outright lying that goes with a job like Mr. Stroll's (and obviously in politics as pointed out). But is it just me or does it seem to be so much more in your face, with a flippant "f&*@ you" attitude these days?

It certainly does feel a bit like that although I think the video Jon posted is from 2021 listening to the time lines. But perhaps LS should consider a career in politics if his AML project doesn’t work out. Funnily enough SSO has published a new article comparing APs tenure to LSs. I remember there was some (possibly well warranted) vitriol at times on here towards AP around, and particularly after, the IPO, but in a like to like business comparison he doesn’t seem to fare too badly. Worth a look if you get time.

Best Regards

Minglar

[Jon39]

Beckson said:

AML's IPO has to have been about the worst decision they could have possibly made and will be viewed as such in their corporate history. I get it.... their shareholders wanted liquidity at the time etc, but for AML as a company, easily a horrible mistake.

That interview really is like watching some of these conservative politicians "Explain" ie- sell their bullsh*t.
Does he really think people are that stupid to believe all that, or is it just an act? Or maybe he himself actually believes it?

I am fairly certain that having an IPO, was not mainly AMLs decision.
Investindustrial, an Italian private equity firm, first invested in AML during the first quarter of 2013.
PEs usually have medium term holding periods, so when they wanted out, an IPO was the ideal way for them to achieve the highest price.
[Speculation now] - It is suggested that Andy Palmer's appointment might possibly have involved a few Investindustrial strings, because anyone following AML closely, could so easily spot all of the pre-IPO hype. Luxury goods business not a car manufacturer, therefore supposedly recession proof; AM Miami apartments; AM personal submarines; AM helicopters; an abnormal number of concept cars and new model launches, some have still not materialised. It was all the big sell to mug investors, that AML was soon going to be as profitable and as successful as Ferrari. Enough investors believed what they were told, so Investindustrial did well and might have been the first ever significant AM investor, to leave with a profit.

Yes, the LS interview did have an 'interesting' slant to the replies.
Not just conservative politicians though, almost every politician in interviews now, seems ready to answer their own question and not the one asked. Eg. "Just before we come to that, let me say" ..... rambles on ... , then the interviewer ignores the failure to answer and simply goes on to another question, which is also answered in a similar fashion.
Quite a clever technique, which must require some initial practice, or training. -
Used to drive me nuts, but now I just switch off.

I presume LS's strategy is to repeatedly present a rosy future for AML, because it certainly encourages both some share buyers who don't study too closely and also some who willingly provide more money, every time AML hold out their cap. We cannot say that it doesn't work, because a few months ago AML obtained £650 million quite easily.



Stand by to follow another politician, the new leader of Scotland. He wants to oversee great economic growth, insist on wealth redistribution, achieve nation independence and then apply to join the EU and have Euro currency with central bank control. He says he has experience of finance, economics, accounting and business, which will be interesting, because after studying politics at university, he worked at a O2 mobile call centre in 2006, before obtaining a political 'job'.

Edited by Jon39 on Monday 3rd April 17:23

[quench]

Jon39 said:

Stand by to follow another politician, the new leader of Scotland. He wants to oversee great economic growth, insist on wealth redistribution, achieve nation independence and then apply to join the EU and have Euro currency with central bank control. He says he has experience of finance, economics, accounting and business, which will be interesting, because after studying politics at university, he worked at a O2 mobile call centre in 2006, before obtaining a political 'job'.

Sounds like standard politician fare these days. We have one over here, too, with lots of "experience": his resume included drama school teacher and snowboard instructor. Voters here, like AM investors, seem to buy the bullish*t, though; after all he has a pretty face (so I'm told), a breathy voice and a famous dead father, who also did his level best to socialist the country into the crapper.

Thankfully it seems at least some voters have adopted the maxim: fool me once, shame on you, fool me twice shame on me. Witness Sanna Marin's exit today, and Jacinda Ardern's exit earlier this year (well, in fairness the latter left before she could be given the boot).

[Simpo Two]

Jon39 said:

Stand by to follow another politician, the new leader of Scotland. He wants to oversee great economic growth, insist on wealth redistribution, achieve nation independence and then apply to join the EU and have Euro currency with central bank control. He says he has experience of finance, economics, accounting and business, which will be interesting, because after studying politics at university, he worked at a O2 mobile call centre in 2006, before obtaining a political 'job'.

Inspired by watching 'The Apprentice' perhaps... but then again Starmer recently said that he was going to halve crime, double growth etc etc.

Best of all was Marty Cooper, who made the first mobile phone call in 1973. He claims that mobile phones will improve productivity, eliminate poverty and cure all the world's known diseases. Cooper for PM I say.

And now we return you to 'AML - Stock Market Listing'

[Jon39]

Simpo Two said:

Inspired by watching 'The Apprentice' perhaps... but then again Starmer recently said that he was going to halve crime, double growth etc etc. ...

Ah yes, "Don't keep calling me Sir Kier (I wish I had not accepted the thing now) and remember, I grew up in a tough working class street, just like other normal left wing socialist kids. Vote Labour.

Do you know Oxted, Surrey? Cocktails are usually imbibed, after a day playing golf.
There might be a tough working class street there somewhere, perhaps hidden amongst the many leafty roads where large detached homes are.

I don't know whether (Mr.) Kier has mentioned his tough school. Possibly not. -
Having passed the 11 Plus entrance examination (is that bourgeoisie?), he went to Reigate Grammer School, leafy Surrey again. While he was there, it became a private school. Instead of leaving then on Kier Hardy principles, the local council paid his and other pupils school fees.

There is now a clamour for nationalisation of industry, including water companies. I wonder whether many of those people asking for that, know what happened when water services were run by the state, during the 1950s and 60s. It was the simple logic of priorities. Water industry asks for more money, to replace rusting underground pipes.
Government says, "Tough luck mate, we need every penny of public money, to spend on schools and hospitals. There are no votes in underground pipes anyway, so you just fix each burst when it occurs. Clear off and don't bother us any more."
Far from perfect, but now water companies have to borrow money from pension funds and others, so the government don't have to keep refusing their begging letters anymore.