AML - Stock Market Listing
Discussion
Jon39 said:
I expect you know about the UK requirement for shareholders to declare holdings when in excess of 3%.
Lucerne Capital Management, LLC holding in Aston Martin now exceeds 3%.
https://www.londonstockexchange.com/news-article/A...
BRM.
Thankyou4calling said:
So AM sold 6500 cars last year and 3000 were the DBX.
Obviously some bought the DBX but would've bought a sports car so allowing for some crossover I guess they would've sold maybe 4000 cars total without an SUV.
That's very concerning id say.
I can’t picture anyone going into a dealership to buy a sports car and walking out with an suv tbhObviously some bought the DBX but would've bought a sports car so allowing for some crossover I guess they would've sold maybe 4000 cars total without an SUV.
That's very concerning id say.
I think the market for sports cars is smaller than it was (at least in the uk)
Thankyou4calling said:
So AM sold 6500 cars last year and 3000 were the DBX.
Obviously some bought the DBX but would've bought a sports car so allowing for some crossover I guess they would've sold maybe 4000 cars total without an SUV.
That's very concerning id say.
Obviously some bought the DBX but would've bought a sports car so allowing for some crossover I guess they would've sold maybe 4000 cars total without an SUV.
That's very concerning id say.
The table below (posted on the previous page), shows what you are referring to Simon. The green column.
If there had not been an Aston Martin SUV model, who knows what would have happened, because total sports car sales since the pandemic, have remained in the 3,000s.
It is perhaps unreasonable to compare with the AM sports car sales in 2006, 2007 and 2008.
Do you think buyers perhaps now have less desire for a 2 seater sports car?
We now see the fashion for SUVs dominating our roads. My son is of an age where keeping up with fashion might be expected, but he uses traditional estate cars. He considers some SUVs to just be jacked up estate cars, often with less accomodation space than might be expected. The huge wheel arches are one aspect that can reduce interior luggage space.
I don't know, but do you think the overall sports car market, is simply smaller than it was 15 years ago?
Aston Martin sometimes compare themselves with Ferrari, but we have to admit that Ferrari as a business, is unique ("buy 3 basic Ferraris first, then we might even think about considering you for a special. Even a hint about discount though and you're out").
AstonZagato said:
oilit said:
I can’t picture anyone going into a dealership to buy a sports car and walking out with an suv tbh
Well... I've just sold a Vanquish S and I am sort of thinking that I might buy a DBX and flip the Rangie to combine the two cars into one DBX.
https://www.caranddriver.com/news/a46408941/lambor...
60% of Lamborghinis sold are Urus variants.
I don't think there would be many complaints if AML sold 6000 DBXs a year.
60% of Lamborghinis sold are Urus variants.
I don't think there would be many complaints if AML sold 6000 DBXs a year.
Jon39 said:
The table below (posted on the previous page), shows what you are referring to Simon. The green column.
If there had not been an Aston Martin SUV model, who knows what would have happened, because total sports car sales since the pandemic, have remained in the 3,000s.
It is perhaps unreasonable to compare with the AM sports car sales in 2006, 2007 and 2008.
Do you think buyers perhaps now have less desire for a 2 seater sports car?
We now see the fashion for SUVs dominating our roads. My son is of an age where keeping up with fashion might be expected, but he uses traditional estate cars. He considers some SUVs to just be jacked up estate cars, often with less accomodation space than might be expected. The huge wheel arches are one aspect that can reduce interior luggage space.
I don't know, but do you think the overall sports car market, is simply smaller than it was 15 years ago?
Aston Martin sometimes compare themselves with Ferrari, but we have to admit that Ferrari as a business, is unique ("buy 3 basic Ferraris first, then we might even think about considering you for a special. Even a hint about discount though and you're out").
It may well be that the pure sports car market is stagnant.
If you look at Porsche as an example, the SUVs are so competent that perhaps one of the reasons they do so many special edition 911's is to differentiate them because in pure performance terms theres not much in it (standard 911 v Macan) for instance.
I'm an old man and used to crave an Aventador - I'd absolutely go for a Urus now instead.
AstonZagato said:
Well... I've just sold a Vanquish S and I am sort of thinking that I might buy a DBX and flip the Rangie to combine the two cars into one DBX.
I am sure that you will know a revised DBX is expected.AML indicated (in the recent results presentation) that the 707 will take over from the lower powered model.
Presumably the latest interiors will be incorporated.
Minglar said:
Great news.
Bearing in mind the prevailing base rates at the time of the last issue, very good that the interest rates remain almost unchanged.
There are some issues around 5%, but for the very big firms.
Jon39 said:
Minglar said:
Great news.
Bearing in mind the prevailing base rates at the time of the last issue, very good that the interest rates remain almost unchanged.
There are some issues around 5%, but for the very big firms.
Minglar said:
Yes Jon, I would agree. The RNS was published after the U.K. market closed. There is also a split between US Dollars and Sterling which should help to reduce future FX implications. Combine this with no additional cash raise via equity then it should really be good news, at least in the short term. It will be interesting to see how the market reacts tomorrow morning. Fingers crossed. BRM.
The morning buyers were clearly confident, following news of the successful offer.
As the refinancing purely dealt with existing debt, presumably it is now important for the Company to resolve the consistent
negative cash flow.
Annual interest payments will total £116.8m (at FX 1.275).
The early repayment of existing Loan Notes debt was scheduled to be completed yesterday.
10.5% Loan Notes $1,226,235,041
15% Loan Notes $138,490,152
Total $1,364,725,193
The new debt now is;
Dollar Notes $960 million 10% Secured Notes 2029
Sterling Notes £400 million 10.375% Senior Secured Notes 2029
Total (at the present exchange rate) $1,468 million (or £1,156,million).
If my figures are correct and ignoring the fees involved to arrange the new Loan Notes, there will be about £80 million left over cash available to AML, as a result of the debt refinancing.
Total Loan Notes following the partial repayment on 11 Oct 2022 (using FX 1·27) totalled £1,051 million.
Early redemption amount paid on 21 Mar 2024 was $1,364,725,193·69 (£1075 million)
The 2024 new replacement Loan Notes (using FX 1·27) total £1,156 million.
Edited by Jon39 on Sunday 24th March 20:40
Jon39 said:
The early repayment of existing Loan Notes debt was scheduled to be completed yesterday.
10.5% Loan Notes $1,226,235,041
15% Loan Notes $138,490,152
Total $1,364,725,193
The new debt now is;
Dollar Notes $960 million 10% Secured Notes 2029
Sterling Notes £400 million 10.375% Senior Secured Notes 2029
Total (at the present exchange rate) $1,468 million (or £1,156,million).
If my figures are correct and ignoring the fees involved to arrange the new Loan Notes, there will be about £80 million left over cash available to AML, as a result of the debt refinancing.
Total Loan Notes following the partial repayment on 11 Oct 2022 (using FX 1·27) totalled £1,051 million.
Early redemption amount paid on 21 Mar 2024 was $1,364,725,193·69 (£1075 million)
The 2024 new replacement Loan Notes (using FX 1·27) total £1,156 million.
Edited by Jon39 on Sunday 24th March 20:40
SSO said:
So debt has increase again....and they save about $5 mil. a year in interest. Other than extending the maturity date, not sure this has really changed much.
My arithmetic with the refinancing showed some extra money might (don't know cost of fees) have gone into the business 'till', but projecting forward from here, based on the last reported rate of cash outflow, how long will the present available cash last ?
Think the expected "fulsome fund raising", was stated as 2024 H1 or H2.
Media extract.
...................................................................................................................................................................
Reportedly, the parent company of the Aston Martin F1 team – Aston Martin Lagonda – has taken up an option to acquire a near-£20million stake in the side.
“Formula 1 has helped transform the nature of the business and give us the performance credentials and credibility by putting it into our road cars,” executive chairman Lawrence Stroll said during an Aston Martin strategy event at their Gaydon HQ, as reported by The Times.
“Not only has Formula 1 given us the 2.3 billion viewers that see a beautiful British racing green Aston Martin 24 weekends this season; it’s also brought us a much younger customer to Aston Martin.”
...................................................................................................................................................................
AML (Chairman Lawrence Stroll) buys a £20 million shareholding in a privately owned racing team (Owner Lawrence Stroll).
Lawrence Stroll explains, that the AML business has been transformed (don't look at the financial figures) helped by F1 on the telly.
[ 2.3 billion must be calculated by counting the same people 24 times, unless each person only watches one race each year?
How dim does he think we all are? ]
Edited by Jon39 on Tuesday 16th April 07:49
I remain amazed that other shareholders seem happy about the apparent ongoing dumping of money into support for Aston F1, especially at a time when the company’s debt burden continues to increase.
Tbh, I think Stroll has played an absolute blinder throughout with this. Seems like a nice way to ensure his lad has a drive…
Tbh, I think Stroll has played an absolute blinder throughout with this. Seems like a nice way to ensure his lad has a drive…
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