AML - Stock Market Listing

AML - Stock Market Listing

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Discussion

Ken Figenus

5,707 posts

117 months

Tuesday 15th October 2019
quotequote all
avinalarf said:
You're wrong Ken.
The £250K Aston was the DBS volante,
JC was comparing it to the DB11 and concluding that the DB11 was a better resolved car at £100K less.
I don't ever want to knock anyone's car or purchase here in any way as we are all free to spend and have opinions as we like (at least to date) and which is why I was being too cryptic I guess. https://www.topspeed.com/cars/comparison-2019-asto...


AstonZagato

12,704 posts

210 months

Tuesday 15th October 2019
quotequote all
GingerMunky said:
^^^ this thumbup as do most others frown best to leave Pistonheads to the loonies, trolls and opinionated village idiots.
As you are on here, which one are you out of interest?

I self identify as an opinionated village idiot.

dbs2000

2,689 posts

192 months

Tuesday 15th October 2019
quotequote all
Ken Figenus said:
I don't ever want to knock anyone's car or purchase here in any way as we are all free to spend and have opinions as we like (at least to date) and which is why I was being too cryptic I guess. https://www.topspeed.com/cars/comparison-2019-asto...
The 11 is the better looking car in all of those photos smile

Jon39

Original Poster:

12,828 posts

143 months

Tuesday 15th October 2019
quotequote all

AstonZagato said:
GingerMunky said:
^^^ this thumbup as do most others frown best to leave Pistonheads to the loonies, trolls and opinionated village idiots.
As you are on here, which one are you out of interest?

I self identify as an opinionated village idiot.

hehe

Who wants to be the Looney ?

Did you know that Mr. Looney will be chief executive of BP plc in 2020 ?
Held in very high regard.

Hope he does better than Mr. Conn, CEO of Centrica plc.






Edited by Jon39 on Tuesday 15th October 18:59

cardigankid

8,849 posts

212 months

Saturday 19th October 2019
quotequote all
avinalarf said:
Ken Figenus said:
Buster73 said:
Clarkson wrote about the DBS Volante not the DB11 ,the other story is about finance not really about Stratstone “fleecing “ someone , it isn’t even newsworthy.

Check your facts before posting
£250k DB11 was not an error and the bigger picture on cost/value creates a negativity/fear that I wish would never touch the brand or harm it: https://www.thetimes.co.uk/article/forced-to-pay-1...
You're wrong Ken.
The £250K Aston was the DBS volante,
JC was comparing it to the DB11 and concluding that the DB11 was a better resolved car at £100K less.
Yes, Clarkson was basically saying that the DB11 Volante at circa £160k was a better package, and while the DBSV was impressive in some ways it suffered from underfunded development. Maybe AP should have spent some of his swag on that.

The man in the other article had a bad experience, but the clue is in the word Pendragon.

Meanwhile, as a known sucker, I get AM ads flicking up the whole time, which I don't mind. However, they are offering a PCP finance package on a DB11 Volante, as part of what they humorously call the 'DB11 Finance campaign' which I cannot figure out at all. Either they or I are numerically illiterate. I'm not sure how to post a snapshot of this, but in summary:-

£1,324.69 per month, for 24 months, and a less than enticing rate of 7.9%

a. Cash Price £161,655.00 So far so good
b. Less: Deposit £ 40,948.79 No dealer/manufacturer contribution
c. Add: Interest Charges £ 12,992.63 If they say so
d. Balance of Cash Price/
Amount of Credit £ 89,127.97 No,it's not either of those, and are the two things the same anyway.
e. Total Charge for Credit £ 17,390.45 Wait a minute, what was the 12,992.63 above?
f. Option to Purchase Fee £ 0.00 That's real big of them
g. Balance payable £102,120.60 No it isn't, though if you add a + c and deduct b + 24 x 1324.69 it is near
h. Optional Final Rental £107,638.79 Eh? What was g, then? Certainly (a + e) - b + 24 x 1324.69 is near

So, as far as I can see, hand over £41k, pay 24 x £1,324 (£31,792.56) do 6,000 miles a year for two years then give the car back. In no way is that a proposition which appeals in the least. Why are they bothering? That's not a campaign, it's a plea for charity. By the way, the finance is provided by Aston Martin Finance/Alphera, which are, surprise surprise, branches of BMW.

Now, I have noticed with JLR that when a company is financially strapped, and of course residual values play a big part too, they can't offer incentives and attractive finance deals. That was what really hobbled JLR after the launch of the brilliant XF. A 5 series was about half the cost, once you had the contributions and the preferential finance deals. Failure was inevitable. Again, should some of AP's ludicrous pay off not have been better spent on this. If I were them I would target individuals who have a track record of interest and expenditure on cars like this and make them offers they can't refuse. The DB11 Volante is a good piece of kit, no question, but they aren't going to sell them this way.





Edited by cardigankid on Saturday 19th October 22:11

raceboy

13,101 posts

280 months

Wednesday 30th October 2019
quotequote all
Had a little chuckle this morning when I spotted in the trading data that someone had bought 1 solitary share at about £4.25ish hehe
I bet that's just for the certificate.

Dewi 2

1,315 posts

65 months

Wednesday 30th October 2019
quotequote all

raceboy said:
Had a little chuckle this morning when I spotted in the trading data that someone had bought 1 solitary share at about £4.25ish hehe
I bet that's just for the certificate.

Possibly the buyer has the only Aston Martin of its type in the UK.
A certificate for one share would then be the perfect match. A fun piece of automobilia, in a frame on the garage wall.

I had to buy more than one.

DickyC

49,757 posts

198 months

Wednesday 30th October 2019
quotequote all
raceboy said:
Had a little chuckle this morning when I spotted in the trading data that someone had bought 1 solitary share at about £4.25ish hehe
I bet that's just for the certificate.
Worse still the sale probably had an effect on the share price.

Jon39

Original Poster:

12,828 posts

143 months

Friday 1st November 2019
quotequote all

Unfortunately for the first time, a business week has closed with the market value under one billion.

Financial calendar:-

Thursday 7th November - 3rd Quarter 2019 Financial Results.

There should be a live webcast. Try the AML Investors webpage.


Jon39

Original Poster:

12,828 posts

143 months

Thursday 7th November 2019
quotequote all

Great to see a very positive initial reaction by investors this morning, following the release of the 3rd Quarter 2019 results.

https://amlcorp.blob.core.windows.net/default-stor...

I have just looked before typing and see that the share price has moved back down. Suppose it demonstrates a free market in action. Some people are happy to pay 460p, but others believe 415p is the correct price for them.

In the report, there is the first comment by the Company which I have seen, referring to Vantage sales.
' Vantage demand remains weaker than our original plans. '

The DBX global launch will be in Beijing on 20 November, and there is also going to be a simultaneous event in Los Angeles.
I think the Tesla pick up truck is being unveiled at the Los Angeles Auto Show, but perhaps that is a day later, so might not grab all the publicity.



ajr550

489 posts

124 months

Thursday 7th November 2019
quotequote all
Mmmmmm!
Vantage sector of the market is shrinking and on November 14 Ferrari will enter it.
Interesting times.

Minglar

1,228 posts

123 months

Thursday 7th November 2019
quotequote all
Without being the harbinger of doom, I don’t see why there should be any share price recovery based on those results. However it gets dressed up, most numbers are lower this year, as we were warned they would be, in July. Perhaps the initial bounce was because the results were not as bad as some had thought they would be. Interesting to hear AP finally state that Vantage demand was below expectations. That has been clear for a while imho. Also, they seem to be running out of ideas for further specials. How many more can the market take? A quick search for used Vanquishes suggests there is plenty of supply of “used” specials out there. Sorry to sound so negative, but so much of this has been discussed on this forum many times, so it’s hardly surprising. In a few years time we will look back at 400p a share and realise is it was either a bargain buying opportunity missed, or the company will either be insolvent or swallowed up by a larger parent. It’s clear to me that they are “all in” on the DBX. The launch location also suggests where the biggest target market is too. Let’s all hope and pray that this strategy works out. Only time will tell.

Best Regards

Minglar

AdamV12AMR

1,380 posts

156 months

Thursday 7th November 2019
quotequote all
ajr550 said:
Vantage sector of the market is shrinking and on November 14 Ferrari will enter it.
With what, out of interest?

p1stonhead

25,549 posts

167 months

Thursday 7th November 2019
quotequote all
AdamV12AMR said:
ajr550 said:
Vantage sector of the market is shrinking and on November 14 Ferrari will enter it.
With what, out of interest?
Portofino coupe I assume?

RobDown

3,803 posts

128 months

Thursday 7th November 2019
quotequote all
AdamV12AMR said:
With what, out of interest?
Portofino Coupe is launched next week in Rome (they may be more imaginative than to call it a Portofino coupe though).

It will be another stick to beat Ferrari owners with - “yes you can have a Pista Spider but only if you buy this Portofino first”. (If you wonder why the FF and Portofino convertible residuals are so rubbish it’s because they’re being forced on to people who don’t want them and who then sell at any price). Does wonders for Ferrari sales volumes though smile




ajr550

489 posts

124 months

Thursday 7th November 2019
quotequote all
RobDown said:
AdamV12AMR said:
With what, out of interest?
Portofino Coupe is launched next week in Rome (they may be more imaginative than to call it a Portofino coupe though).

It will be another stick to beat Ferrari owners with - “yes you can have a Pista Spider but only if you buy this Portofino first”. (If you wonder why the FF and Portofino convertible residuals are so rubbish it’s because they’re being forced on to people who don’t want them and who then sell at any price). Does wonders for Ferrari sales volumes though smile

Yes Portofino Coupe (for want of a better moniker) but hardtop entry level Ferrari.
Interesting to see if V8 turbo or V6 hybrid.
I think the days of having to buy one Ferrari model to get the model you want are all but gone (certainly in UK maybe not in US).
The much larger model line up that Ferrari will offer means much more depreciation but also the chance for real enthusiasts to buy the cars they want.
New model is more of a GT but I think Ferrari's GT is the same as Aston's sportscar so they will compete although I'd anticipate price of Ferrari to be higher.


ajr550

489 posts

124 months

Thursday 7th November 2019
quotequote all
ajr550 said:
Portofino Coupe is launched next week in Rome (they may be more imaginative than to call it a Portofino coupe though).

It will be another stick to beat Ferrari owners with - “yes you can have a Pista Spider but only if you buy this Portofino first”. (If you wonder why the FF and Portofino convertible residuals are so rubbish it’s because they’re being forced on to people who don’t want them and who then sell at any price). Does wonders for Ferrari sales volumes though smile

Yes Portofino Coupe (for want of a better moniker) but hardtop entry level Ferrari.
Interesting to see if V8 turbo or V6 hybrid.
I think the days of having to buy one Ferrari model to get the model you want are all but gone (certainly in UK maybe not in US).
The much larger model line up that Ferrari will offer means much more depreciation but also the chance for real enthusiasts to buy the cars they want.
New model is more of a GT but I think Ferrari's GT is the same as Aston's sportscar so they will compete although I'd anticipate price of Ferrari to be higher.

RobDown

3,803 posts

128 months

Thursday 7th November 2019
quotequote all
ajr550 said:
It's not gone at all in the UK. I know one Pista buyer who was forced to buy an FF only 3 months ago (this is well documented on Youtube). And one current buyer who's been told he can't have his order unless he buys a Portofino now (which is ridiculous as they've had his Pista deposit for ages).

Maybe Ferrari aren't aware of what their dealers are doing (or maybe they just turn a blind eye)? Anyway all a bit off-topic but as Minglar said earlier, yet more competition in this segment which can't be good news

ajr550

489 posts

124 months

Thursday 7th November 2019
quotequote all
RobDown said:
It's not gone at all in the UK. I know one Pista buyer who was forced to buy an FF only 3 months ago (this is well documented on Youtube). And one current buyer who's been told he can't have his order unless he buys a Portofino now (which is ridiculous as they've had his Pista deposit for ages).

Maybe Ferrari aren't aware of what their dealers are doing (or maybe they just turn a blind eye)? Anyway all a bit off-topic but as Minglar said earlier, yet more competition in this segment which can't be good news
Probably a discussion for a different forum but this is not my experience and IMHO will not be the case going forward unless you are looking at Icona or Hypercar.

Jon39

Original Poster:

12,828 posts

143 months

Thursday 7th November 2019
quotequote all

RobDown said:
..... Anyway all a bit off-topic but as Minglar said earlier, yet more competition in this segment which can't be good news

I don't follow the competition in detail, but with the many competitors being mentioned here in recent years, it must be so much tougher now compared to 2003 and 2005, when the DB9 and Vantage were introduced.

Bentley seem to have gone quiet with their Vantage look-alike, but I saw an interesting design in a magazine this week, a (concept?) Mazda MX9. Wonder if they will offer a delete badges option ? - wink