AML - Stock Market Listing
Discussion
LooneyTunes said:
Davil said:
Oh and yes, the Aston Martin suite was nice in Melbourne the other week. Lots of new and existing customers that, drumroll, actually love the brand.
If you want to get into customer experience and hospitality, it sounds like AML/their dealers are more organised and do it better in Aus. When I bought my first Aston the dealer kindly offered me tickets to a 3-day motorsport event as an introduction to the Aston brand/lifestyle.
Great. Lovely opportunity for MrsLT and I to have a nice weekend away, so arranged a nice hotel.
A couple of weeks prior to the event, long since sold out to the public bar the Sunday (which we might have skipped all or much of due to the very long drive home), I enquired as to the arrangements for tickets. From their response, the offer of general admissions tickets for the Sunday only, one can only assume that they had completely forgotten to make any arrangements whatsoever - a far cry from the weekend admission I d been expecting, or the hospitality package I d hoped they might surprise me with, and not even the day that most people would have wanted.
When I expressed my disappointment they hid behind the vagueness of the original offer.
Quite a contrast to your experience, and maybe not representative, but hardly the way to build on a new relationship. In spite of that, because the car was fantastic, I went on to buy another to sit alongside it.
Overall it sadly turned out to be indicative of some dealer s attitude to customer service (and why I ve long said that AML needs to do more centrally), with another dealer scratching one of my cars and one trying to fleece me to the tune of £tens of thousands on a potential vehicle change. Yet in spite of all that I still own two Astons - if that doesn t show love of the product then I don t know what does.
Such a shame as the cars are brilliant and I personally think they all feel special in their own way, that said for me they have currently lost their appeal, because whilst special, to me they don’t feel special enough - possibly because the new models are just so useable everyday. Now a DB4/5/6 does appeal far more.
I think listing AM was the wrong thing for the brand - they didn’t assess the market properly, unfortunately that has resulted in share price dipping below 38pence yesterday.
W12GT said:
... I think listing AM was the wrong thing for the brand - they didn t assess the market properly, unfortunately that has resulted in share price dipping below 38pence yesterday.
As we know, the listing was the way for the significant shareholder at the time, to achieve their best exit price.
Going back to the early posts on this forum, you will see that I originally agreed with your opinion.
However, although a listing does make everything very public, I can now see that there has been a benefit for the Company.
The shareholders have since the IPO, provided about £1.5 billion, so although the Company drains cash, perhaps we should be grateful that this generosity has enabled the business to continue.
I wonder what might have happened, if private ownership had continued?
.
Simpo Two said:
There's no sign of him owning an Aston Martin.
Looks like he does believe in the history at least https://www.motorsportmagazine.com/articles/single...
Bartesque said:
Looks like he does believe in the history at least https://www.motorsportmagazine.com/articles/single...
Good article, thanks.And another good article which describes this thread quite well.
https://www.motorsportmagazine.com/articles/single...
https://www.motorsportmagazine.com/articles/single...
The FT had an article last week https://www.ft.com/content/d6f10ced-34b9-4b62-8875...
Aston Martin’s shares and bonds have sunk to record lows as investors, spooked by the UK luxury-car maker’s cash burn, race to dump their exposure.
The sell-off of Aston Martin debt this year has accelerated in the past month, with the price of bonds worth more than £1.5bn falling below 80p on the pound this past week from about 95p at the start of the year.
Meanwhile, the carmaker’s shares have also slumped this year and were trading at about 42p on Friday, giving the company a market value of about £430mn. It listed in 2018 at £19 a share and a £4.3bn valuation.
Aston Martin’s shares and bonds have sunk to record lows as investors, spooked by the UK luxury-car maker’s cash burn, race to dump their exposure.
The sell-off of Aston Martin debt this year has accelerated in the past month, with the price of bonds worth more than £1.5bn falling below 80p on the pound this past week from about 95p at the start of the year.
Meanwhile, the carmaker’s shares have also slumped this year and were trading at about 42p on Friday, giving the company a market value of about £430mn. It listed in 2018 at £19 a share and a £4.3bn valuation.
balise said:
The FT had an article last week https://www.ft.com/content/d6f10ced-34b9-4b62-8875...
Aston Martin s shares and bonds have sunk to record lows as investors, spooked by the UK luxury-car maker s cash burn, race to dump their exposure.
The sell-off of Aston Martin debt this year has accelerated in the past month, with the price of bonds worth more than £1.5bn falling below 80p on the pound this past week from about 95p at the start of the year.
Meanwhile, the carmaker s shares have also slumped this year and were trading at about 42p on Friday, giving the company a market value of about £430mn. It listed in 2018 at £19 a share and a £4.3bn valuation.
Pre-pack, delisting and off into private ownership again?Aston Martin s shares and bonds have sunk to record lows as investors, spooked by the UK luxury-car maker s cash burn, race to dump their exposure.
The sell-off of Aston Martin debt this year has accelerated in the past month, with the price of bonds worth more than £1.5bn falling below 80p on the pound this past week from about 95p at the start of the year.
Meanwhile, the carmaker s shares have also slumped this year and were trading at about 42p on Friday, giving the company a market value of about £430mn. It listed in 2018 at £19 a share and a £4.3bn valuation.
From the same article in FT Asia paper I got today: “In annual results published in February, Aston said it expected a “material improvement in financial performance driven by an enhanced product mix, benefits from the ongoing transformation programme and disciplined approach to operations” for 2036….,hoping for the best…
AlexT said:
From the same article in FT Asia paper I got today: In annual results published in February, Aston said it expected a material improvement in financial performance driven by an enhanced product mix, benefits from the ongoing transformation programme and disciplined approach to operations for 2036 .,hoping for the best
As well as Ultra Luxury, they seem to now be into ultra long-term forecasting.
Are they guessing what the car market will be like in 2036? -
Do you think the statement you have quoted, might be a copy/paste from the 2020, 2021, 2022, 2023 and the 2024 results. I seem to remember similar confidence in previous annual reports.
With regard to bonds, am I correct to say that an equity holding of more than 3% must declare ownership, whereas that does not apply to bonds?
There has been conjecture that Yew Tree might be amongst the bond holders.
A 10% annual interest return and priority in the event of administration, might be quite attractive.
As long as the shareholders keep generously providing capital when required, the Company can continue for many years.
balise said:
... It listed in 2018 at £19 a share and a £4.3bn valuation.
Two ways of looking at that.
1. The lunacy of that valuation and Andy Palmer's dream of almost being eligible to join the FTSE 100, was discussed towards the start of this topic.
2. The skill of Andy Palmer and also the significant private equity owner, who was selling, achieved an excellent price. I think they might be the only owner who has ever walked away with a profit, from Bamford Martin and Aston Martin.
Jon39 said:
Have these institutional investors, been gambling with their clients money?
Jon39 said:
balise said:
... It listed in 2018 at £19 a share and a £4.3bn valuation.
Two ways of looking at that.
1. The lunacy of that valuation and Andy Palmer's dream of almost being eligible to join the FTSE 100, was discussed towards the start of this topic.
2. The skill of Andy Palmer and also the significant private equity owner, who was selling, achieved an excellent price. I think they might be the only owner who has ever walked away with a profit, from Bamford Martin and Aston Martin.
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