AML - Stock Market Listing
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SSO said:
Forester1965 said:
Do Aston make much in the way of drivetrains/electrical architecture these days, or is it predominantly bought in?
Its all bought inDB12 sees the move away from reliance on MB for electrical architecture to Software created In-house.
Today car manufacturing is all about assembling bought in parts and sometimes even the assembly is subcontracted out to third parties like Magna-Steyr.
12TS said:
Share price now ~ 150p, still a way to go to its 72p low but it's been sliding for the last 6 months in a climbing market.
Short-term, a share price moves up and down driven by demand.
Long-term, simple fundamentals require a steady increase in profitability to raise a share price.
If Aston Martin can achieve regular pre-tax profits (ignore EBITDA), then the share price will accelerate.
A surprise takeover bid would of course do the same. Aston Martin has a very valuable brand.
If you want a laugh, the gamblers and dreamers on the LSE Aston Martin share chat forum can entertain.
One recently cited the profits made, when the share price went fronm 65p to £15.
That happened when a capitalisation change, replaced every 20 shares with 1.
Any 'profit' following that was imaginary.
A selection of motor manufacturers below. Not an easy business.
Edited by Jon39 on Thursday 18th April 08:24
Jon39 said:
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
You will hate this but I was down at the F1 in Melbourne, the sound of the safety car was the final thing that made me buy another Aston while I was down there. Such a great sound. Now I have two. All of the things that Stroll has put into place will likely make me buy another over the next couple of years.
Davil said:
He is a very clever man.
You will hate this but I was down at the F1 in Melbourne, the sound of the safety car was the final thing that made me buy another Aston while I was down there. Such a great sound. Now I have two. All of the things that Stroll has put into place will likely make me buy another over the next couple of years.
You will hate this but I was down at the F1 in Melbourne, the sound of the safety car was the final thing that made me buy another Aston while I was down there. Such a great sound. Now I have two. All of the things that Stroll has put into place will likely make me buy another over the next couple of years.
Strollism in action down under.
Now we need positive cash flow. LS first promised that for Q3 2023, then FY 2023, now sometime in 2024.
"It's not revenue or EBITDA that will make AML rich, it is spending habits and less debt." - [adapted from a quote by Charles A Jaffe.]
Edited by Jon39 on Friday 19th April 10:14
Two very different men.
Mr Warren Buffett.
Worth $139 billion.
Has always refused to speak about the intrinsic value of his business.
Mr Lawrence Stroll.
https://archive.ph/Iytuq
It's now a 'lifestyle brand'. Oily bits don't really matter as they can buy them in to spec. Has to look amazing and have the right image. Not competing with Ferrari or Porsche. Competing with your next watch, outfit, property purchase or face lift.
The irony is the F1 team is probably worth more than the car company.
The irony is the F1 team is probably worth more than the car company.
Forester1965 said:
It's now a 'lifestyle brand'. Oily bits don't really matter as they can buy them in to spec. Has to look amazing and have the right image. Not competing with Ferrari or Porsche. Competing with your next watch, outfit, property purchase or face lift.
The irony is the F1 team is probably worth more than the car company.
The irony is the F1 team is probably worth more than the car company.
In the run-up to the AML stock market flotation, Andy Palmer proudly proclaimed that the Company was no longer a motor vehicle manufacturer, but had now become a luxury goods business and would be unaffected by economic downturns.
Think he might have kept quiet about the Gaydon antics in 2008/2009, the start of the global banking crisis. Cancelled orders, unsold stock and many redundancies.
The timing of that economic event was such a shame, just as Aston Martin was enjoying considerable success.
Packaging up loans to unemployed string vest wearing borrowers, sitting on the crumbling balconies of their dilapidated homes, was bound to end in tears.
Did Christian Dior, Givenchy, Hermes and Gucci continue setting uninterrupted sales records during that grim period ?
Edited by Jon39 on Friday 19th April 16:50
Forester1965 said:
It's now a 'lifestyle brand'. Oily bits don't really matter as they can buy them in to spec. Has to look amazing and have the right image. Not competing with Ferrari or Porsche. Competing with your next watch, outfit, property purchase or face lift.
The irony is the F1 team is probably worth more than the car company.
I've said many times in the past that Stroll will make more money with his F1 team than he will with his AML plays. The irony is the F1 team is probably worth more than the car company.
He keeps surprising me, now he made AML invest in his team. He must he laughed his balls out after that day..
On the other hand, at least not the company will make some money when the team is sold I guess...
Jon39 said:
Mr Lawrence Stroll.
https://archive.ph/Iytuq
Maybe Stroll should take over 'The Apprentice' and Lord S can have a go at running AM...? Might takes some of the bullshttps://archive.ph/Iytuq
t out....Simpo Two said:
Jon39 said:
Mr Lawrence Stroll.
https://archive.ph/Iytuq
Maybe Stroll should take over 'The Apprentice' and Lord S can have a go at running AM...? Might takes some of the bullshttps://archive.ph/Iytuq
t out....I cannot ever remember a public company chairman openly promoting the buying of their company shares before.
Saying they are undervalued, is clearly providing financial advice, tantamount to encouraging people to buy the shares.
The Stock Exchange does have strict rules, but whether officers have restrictions placed upon them, I don't know.
Edited by Jon39 on Friday 19th April 21:53
Jon39 said:
Strollism in action down under.
Now we need positive cash flow. LS first promised that for Q3 2023, then FY 2023, now sometime in 2024.
"It's not revenue or EBITDA that will make AML rich, it is spending habits and less debt." - [adapted from a quote by Charles A Jaffe.]
Edited by Jon39 on Friday 19th April 10:14
As for the stock market. It is manipulated by a bunch of dubious gamblers will little to no understanding of business. It is sentiment based, so they need to be fed via a separate information channel which may or may not be connected to reality.
Jon39 said:
Simpo Two said:
Jon39 said:
Mr Lawrence Stroll.
https://archive.ph/Iytuq
Maybe Stroll should take over 'The Apprentice' and Lord S can have a go at running AM...? Might takes some of the bullshttps://archive.ph/Iytuq
t out....I cannot ever remember a public company chairman openly promoting the buying of their company shares before.
Saying they are undervalued, is clearly providing financial advice, tantamount to encouraging people to buy the shares.
The Stock Exchange does have strict rules, but whether officers have restrictions placed upon them, I don't know.
Edited by Jon39 on Friday 19th April 21:53
SSO said:
I just did a piece on a few "nuggets" from AMLs 2023 Annual Report.
Thank you SSO.
An accurate article, as always.
It is probably unfortunate for LS, that some of us can remember his previous statements.
There are many people on the share chat forums, who appear to only take notice of LS's latest pronouncement, assume profitability is imminent and so believe the share price is about to zoom skywards. The 2:30 at Kempton Park, might be more fun for those gamblers.
Extract from a recent interview.
' the share price is still around half that of when Stroll took over, itself well down on Aston’s original listing. This irks him. “Our share price is hugely undervalued,” he said.'
Does the London Stock Exchange permit chairmen and directors, to make announcements about their Company shares being very cheap ?
I have never heard anything like that being said before, by any director of a quoted company. They are always very cautious about giving what could be construed as either inside information, or financial advice.
If nothing legally wrong, then to me, it is at least an unprofessional remark.
The most galling remark reportedly made by him, was feeling that he deserved a knighthood, for supposedly saving thousands of jobs and transforming the industry. AML only employ about 2,000, so barely in the thousands. Perhaps his personal transformation, included the whole West Midlands motor industry. The employee numbers were lower when Aston Martin set their all time production record, achieved at the time with only one factory.
SSO said:
I just did a piece on a few "nuggets" from AMLs 2023 Annual Report.
An interesting read, as always.Weekly private jet travel for Mr. Felisa? Nuts... As an alternative to your suggestion that he fly BA, maybe they should have hired a CEO from a little closer to home.
But that pales in comparison to the F1 vanity-nepotism project, which brings what, exactly, to the Aston Martin business of building and selling road cars?
Jon39 said:
SSO said:
I just did a piece on a few "nuggets" from AMLs 2023 Annual Report.
Thank you SSO.
An accurate article, as always.
It is probably unfortunate for LS, that some of us can remember his previous statements.
The most galling remark reportedly made by him, was feeling that he deserved a knighthood, for supposedly saving thousands of jobs and transforming the industry. AML only employ about 2,000, so barely in the thousands. Perhaps his personal transformation, included the whole West Midlands motor industry. The employee numbers were lower when Aston Martin set their all time production record, achieved at the time with only one factory.
quench said:
SSO said:
I just did a piece on a few "nuggets" from AMLs 2023 Annual Report.
An interesting read, as always.Weekly private jet travel for Mr. Felisa? Nuts... As an alternative to your suggestion that he fly BA, maybe they should have hired a CEO from a little closer to home.
But that pales in comparison to the F1 vanity-nepotism project, which brings what, exactly, to the Aston Martin business of building and selling road cars?
As to F1, well AML sells about half the number of Sports/GT cars today than they did back in 2019. On the SUV's it feels like quite a stretch to link F1 with SUV sales.
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