AML - Stock Market Listing
Discussion
Jon39 said:
By their own admission they have no clue. Easy way to build a marketing list though.North America is the second biggest market (1,277 cars in 2017) for Aston Martin, and clearly very important.
UK being the biggest (1,538 cars in 2017).
Whether the talk of tariffs on cars imported from the EU to the USA is a real possibility, or a negotiating tactic, we do not know, but it might have an influence upon any IPO decision.
Jon39 said:
An article written by Andy Palmer, is published in The Daily Telegraph today.
A new company was incorporated on the 27th July 2018.
Aston Martin Lagonda Global Holdings Limited.
Is something about to happen ?
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- good too see AML still being used
RL17 said:
ball definitely rolling if you look at control of that company
good too see AML still being used
good too see AML still being used
Yes, I looked at the shareholder details.
Do you think that indicates Investindustrial might sell their entire holding, which would perhaps be the convention for that type of investor after this time period?
Some say announcement on Wednesday, when the 2018 Interim results are due.
https://news.sky.com/story/amp/aston-martin-roars-...
Edited by Jon39 on Tuesday 28th August 19:15
London Stock Exchange have been informed by AML of their intention to obtain a listing
Andy Palmer has just been interviewed on the Radio 4 Today programme.
He emphasised his point about AML being a car company, but also a luxury goods company and therefore is better placed to deal with economic changes.
He is certainly doing an excellent job, but do you think some of these comments are exaggerated?
In 2008 the Company was immediately badly hit by that economic downturn.
We do not yet know the IPO valuation, but is AML really worth more than these two consistantly profitable and dividend paying FTSE 100 companies, Marks and Spencer and Severn Trent?
Edited by Jon39 on Wednesday 29th August 09:26
On the BBC new page this morning:
https://www.bbc.co.uk/news/business-45340115
Hope it goes through and completes successfully for all.
https://www.bbc.co.uk/news/business-45340115
Hope it goes through and completes successfully for all.
The Registration document is available on the Corporate section of the Aston Martin website. Prospectus scheduled for Dec 20th
I won’t comment on numbers or valuations as it appears we’re involved
But it did catch my eye that warranty claims on the DB11 are 20% lower than on the DB9 (part of the supporting evidence for improving build quality)
I won’t comment on numbers or valuations as it appears we’re involved
But it did catch my eye that warranty claims on the DB11 are 20% lower than on the DB9 (part of the supporting evidence for improving build quality)
Jon39 said:
We do not yet know the IPO valuation, but is AML really worth more than these two consistantly profitable and dividend paying FTSE 100 companies, Marks and Spencer and Severn Trent?
murphyaj said:
IPO valuations are usually based not on current scale and profits, but on future potential. In it's current form, no Aston Martin is not worth more than those two companies. However M&S is a mature company with limited room for growth, in fact quite the opposite as the high street is in terminal decline and a utility company like Severn Trent effectively operates at a fixed scale. Aston Martin has huge potential to grow sales all around the globe, especially with the DBX. Whether it will fulfil that potential and become a money-making machine like Ferrari, or whether history will repeat itself and it will fall into terminal losses, that's where the risk comes in that is always with case with any IPO.
An excellent summary AJ, and my thoughts exactly.
You may have seen my topic, where UK quarterly sales of the DB9 and DB11 are compared.
The DB9 numbers are way ahead of the DB11.
The new Vantage quarterly comparison will be a tough one also, because of the original model's two year waiting list, but we will not know until next year, because production only began a couple of months ago.
In my opinion, the early (IPO) investors are effectively taking a bet on the DBX. Hopefully, if that sells as many as the Bentayga, the share price should be fine. Andy Palmer has been open about this, in his occasional comments about the DBX project becoming the financial support for sports cars.
It will be interesting to see how things go as a PLC.
It seems that there might be arrangements for AM customers to participate in the IPO. Hope that means owners, and not just dealer favourites.
We might all be able to meet at the AGM.
Edited by Jon39 on Wednesday 29th August 11:37
RobDown said:
avinalarf said:
Oooh yadayayda....
There's a shiny new Topic on the same subject, and I'm confused as to why you're choosing this old one.
You’re ‘avinalarf! There's a shiny new Topic on the same subject, and I'm confused as to why you're choosing this old one.
I have also made a fulsome apology, that you will find on my Topic page, to Jon for raining on his parade.
I was unaware at my time of posting that this Topic had been covered by Jon.
Had I been aware then I would obviously not of started a similar Topic.
Now that would have been a silly thing to do.
Add to the fact that my starting of a similar Topic has confused Jon my error has inadvertently caused confusion where none was meant.
Praise be to the Lord.
Amen.
Jon39 said:
An excellent summary AJ, and my thoughts exactly.
You may have seen my topic, where UK quarterly sales of the DB9 and DB11 are compared.
The DB9 numbers are way ahead of the DB11.
The new Vantage quarterly comparison will be a tough one also, because of the original model's two year waiting list, but we will not know until next year, because production only began a couple of months ago.
In my opinion, the early (IPO) investors are effectively taking a bet on the DBX. Hopefully, if that sells as many as the Bentayga, the share price should be fine. Andy Palmer has been open about this, in his occasional comments about the DBX project becoming the financial support for sports cars.
It will be interesting to see how things go as a PLC.
It seems that there might be arrangements for AM customers to participate in the IPO. Hope that means owners, and not just dealer favourites.
We might all be able to meet at the AGM.
Edited by Jon39 on Wednesday 29th August 11:37
For example, in the early days of the DB9 how many were sold in China, if any, compared with how much bigger the Chinese market is to the company now. Another way of thinking about it is how does the proportion of sales split between the U.K. and the ROW compare between the two periods. Do you have access to those figures?
soofsayer said:
Jon39 said:
By their own admission they have no clue. Easy way to build a marketing list though.IanV12VSRs said:
I am not sure about your focus on U.K. sales Jon. To my thinking it only has relevance if the country mix and sales achieved in those countries remains the same if you are to take any trends from it. If they are not the same then what can you take from them?
For example, in the early days of the DB9 how many were sold in China, if any, compared with how much bigger the Chinese market is to the company now. Another way of thinking about it is how does the proportion of sales split between the U.K. and the ROW compare between the two periods. Do you have access to those figures?
For example, in the early days of the DB9 how many were sold in China, if any, compared with how much bigger the Chinese market is to the company now. Another way of thinking about it is how does the proportion of sales split between the U.K. and the ROW compare between the two periods. Do you have access to those figures?
Yes you are quite right Ian.
There is public access available for us to quarterly UK model sales, and the Company release annual information about total sales.
Other figure are quoted on a random basis, but my UK focus is because there is nothing else to go on. The UK market does though remain the biggest region for AML.
The ROW proportion you refer to, can therefore be calculated. I am away from the figures at present, but I don't think it has moved very much from around 70% export.
Various figures are also provided in the Annual Report, which can be seen on the the Companies House website (search Aston Martin Holdings UK Limited). For China, a big percentage sales increase was announced, but the numbers might perhaps be less than people think. 324 cars in 2017 (176 cars in 2016). The sales numbers mentioned for China by Mercedes-Benz and Volkswagen are staggering, but perhaps selling sports cars there is a different business.
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