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If he’s still talking about cash, he also doesn’t take the 170 million credit facility into account.
Oh yeah, Q2 ends sooner than I thought.
Yes Chesil , let's load up more credit/debt on the balance sheet, that's working well so far?!
The whole reason AML share price is awful, is the debt. £1.2bn, more than the current market cap.
The board promised a better deal, but net debt has increased 20% in 3 months.
The timing is crucial….
There is article from Bloomberg by Hannah Elliott 14/5 08.10am…. Time will tell but I am certainly each month getting better and AM just got our King royal warrant…..
Hope it going be slowly getting better.
Absolute rubblish, peoples always choose Ferrari. End
Plus 170 million in revolving credit facility which is specifically there to cover cash requirements until revenue from new models is recieved.
I should add even SSO aka Karenable recognises that cash isn’t a problem until Q4 and that’s only if the new models don’t sell well and if there is any production issues.
Has the Answerisno dropped his guard, maybe C26 forgot to check which ID he was emailing from!
There is me mention of when cars will be sold, “by the end of 2024” is what all are saying.
That’s a long time to wait with 79m cash left.
Ok, load another 100m on the credit card, net debt increases again.
I wonder how the rating agencies will see that.
Same old AML.
New models and all their teething problems costs money.
The db12 alone added 200m to the debt.
AML now has great products, but as everyone who’s ever run a business knows, in the end it’s all about cash and having great products and services to sell is no guarantee of success. IMO the worst is in the ‘rear view mirror’, but cash management is crucial now (which may or may not require a further cash raise, but that will be more like working capital than funding losses) as the business moves to being cash generative. Execution risks remain, but this is now a completely different proposition.
Will you give it a rest. You spout complete negative codswallop to serve your own purpose. Companies operate on debt. Here is an example of your beloved Ferrari.
Total debt figures for Ferrari for the last 5 years.
Year Total debt Change
2023-12-31 $2.73 B -9.05%
2022-12-31 $3.01 B 1.1%
2021-12-31 $2.97 B -11.13%
2020-12-31 $3.35 B 43.16%
2019-12-31 $2.34 B
And how about your other go to and Karenables favourite ( as they get given free drives) McLaren???
https://www.forbes.com/sites/dominicdudley/2022/12/13/supercar-maker-mclaren-under-further-financial-pressure-despite-279-million-support-from-bahrain/
McLarens loss for the financial year 2023 was £872.5m up from £334.7m in 2022.
They are even talking about selling off the family jewels in their end of year report.
"As at 31 December 2023, the collection numbered 28 vehicles which were held at a cost of £9.3m. There is a market for these assets, and the Group may determine as appropriate to sell a specific and limited number of these cars to specialist collectors from around the world."
Https://www.fitchratings.com/research/corporate-finance/fitch-assigns-aston-martin-first-time-b-exp-stable-idr-rates-proposed-notes-b-exp-11-03-2024
B
Highly speculative
'B' ratings indicate that material default risk is present, but a limited margin of safety remains. Financial commitments are currently being met; however, capacity for continued payment is vulnerable to deterioration in the business and economic environment.
C26: and your point is what? Basic business economics - if you lend money the terms reflect the risk/reward. I must be missing something?
C3P0 is missing something!!!!!
SOS: of course you’re right (not that you need me to say it). To be fair to C26, they’re just doing the job they’ve been hired to do - negatively impact sentiment. Through a completely biased lens, they ‘mark the businesses homework’, but have never actually built anything themselves - probably couldn’t run a bath!
'The 2025 Vantage is a true 911 Turbo killer. It does the thing. It’s more exciting to drive than the Porsche, it’s more comfortable, it’s quieter, and it rides better. It sells more of a fantasy.'
If AM get new customers from 911 owners …. 10% would do!
https://newsroom.porsche.com/en/2024/company/porsche-deliveries-2023-34942.html#:~:text=The%20Porsche%20911%20recorded%20the,car%20(%2B17%20per%20cent).
But there is wide world!!
If we able draw a lots of 911 customers (new customers)… then it looks bright side.
Https://www.wallpaper.com/transportation/aston-martin-vantage-review-on-the-road-and-track
C2645sg – 14/05/24 – Quote: 'B' ratings
c2645sg – 12/04/24 - “I'd say the company is in worse shape (more debt and payables etc) with better cars for sale than when he took over.”
- - - - - - - - - -
So, in April, @c2645sg says the company is in worse shape since Stroll took over.
Then in May, @c2645sg lists the ‘B’ rating AML currently has, to show how terrible things are.
Which, ironically, actually proves the company is in better shape since Stroll took over. < Roll Eyes >
Because AML’s credit rating has gone from CCC+ to CCC to B/B- in Stroll’s time.
As always, so much mis-information and so little time to challenge it all.
Have a good day everyone, cheers, Paul. :)
AML_007 - please don't quote the idiot on your posts its upsets my equilibrium as he is filtered on my account. I prefer the green bars but thanks anyway I suppose - a superb response.