Canada Markets open in 4 hrs 29 mins

Aston Martin Lagonda Global Holdings plc (AMGDF)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
8.960.00 (0.00%)
At close: 11:16AM EDT
Sign in to post a message.
  • L
    Laszlo
    "....The consortium, which will be led and controlled by Stroll, includes the likes of André Desmarais (former chief executive of Power Corp. Canada), Michael de Picciotto (vice-chairman of the supervisory board of Engel & Volkërs AG), Silas Chou (the Hong Kong fashion sector investor), John Idol (chairman and chief executive of Capri Holdings), Lord Anthony Bamford (chairman of JCB) and John McCaw (former part owner of McCaw Cellular)..."

    These are the people that I think will do something about the stock very soon. They invested heavily into the AM project and will not be happy with this result. I have a lot riding on this stock.
  • L
    Laszlo
    After the earnings report the stock rose 100 points (positive sign) and then 3 days later dropped 300 points. (very bad sign)
    So David's prediction came through even though at the beginning it seemed to be going up and building on the positives.
    What needs to happen for this stock to get back to 2021 average levels ? Most stocks in auto industry has fallen to the 2020-2021 levels.

    Aston Martin core earnings rise, appoints ex-Ferrari boss as CEO
    (Sharecast News) - Luxury car maker Aston Martin Lagonda reported a rise in adjusted core earnings on Wednesday amid strong retail demand and announced the appointment of former Ferrari boss Amedeo Felisa as chief executive.
    Adjusted EBITDA increased for the three months to March 31 by 18% to £24.4m. Losses before tax widened to £111m from £42.2m.

    Revenue increased 4% to £233m driven by a rise in average selling prices and the delivery of the Valkyrie model during the period. The company said retail customer demand continued to run ahead of wholesales, with GT/Sports models sold out for the year.

    Its new V12 Vantage was also announced, with all 333 units sold-out by launch in March following unprecedented demand, Aston Martin added.

    Felisa's appointment follows the departure of Tobias Moers "by mutual agreement" with immediate effect after two years with the firm. The Financial Times reported Moers had caused friction in Aston Martin with his management style.

    Looking ahead, Aston Martin said the global operating environment remained uncertain due to the war in Ukraine, ongoing global Covid-19 lockdowns, notably in China, continued supply chain and logistics disruptions, and raw material cost inflation.
  • D
    David
    A rare bit of good news..Daily Telegraph stating that Chinese sales held up well in spite of lockdowns and forward sales of the latest version of the SUV are healthy.
  • L
    Laszlo
    Why the huge drop again ? Last week 900 with a mostly positive report and now below 750 ? Why ? This is suicide territory for me. What is going on again with this stock ? Last year average was 1850 and now it can not even get to 1000 ? Please somebody explain the huge drop again... why ?
  • n
    nefoods1
    Can’t believe this.. Ugh... I’m down 50%. Meanwhile I was up close to 100% and didn’t sell . 🙁🔫
  • G
    Ghini
    Some interesting things from the call:
    - GT/Sports cars are sold out for the year, as stated in Q1 report. It was asked what that meant in terms of numbers and the awnser was that because of the planned new models that should come 2nd half of 23 that this years production was set a bit lower than last year. Just under 3000 cars. Stroll underlined that is impressive because of 7 year old models. But, Vantage is not 7 years old so Vantage is definitely not performing as it should.
    - DBX sales numbers were dramatic in Q1. It was asked why and how 707 is going to change that. Response was that there were some delivery delays that should be compensated Q2, some China deliveries would be relocated and that the DBX factory had not worked at full capacity as they prepaired for 707. Stroll said 60% of max DBX capacity of the year was sold and that around 50% of that was 707. So Stroll made some hard promisses that can easily be checked during Q2 results, DBX numbers should be best ever after Q2.
    - There was no talk about the Valkyrie, wich is interesting as it has caused and is still causing problems. It was stated 14 were delivered. Not shared was if it were road cars or AMR pro versions. Also not stated was if the road cars were actually ready to drive on the roads. Online you can find a red car delivered but not driving, another flat grey car delivered but that was waiting for F1 mechanics to fly in before it could hopefully hit the road.. So AM has to ramp up production to get to their target but also, what does delivered means if the cars can not drive??
    - There was a lot of talk about margin. All new cars should have 40% or higher margin. But, now in these numbers the specials are calculated in the grand total, that blurs the Q1 result of 37%. Nothing shared on Q1 margins for GT/Sports and DBX. So again something to check at Q2.
    - Dept is still growing fast. It is not weird if you need to make the step into EVs and all that, but all that work has yet to start.
    - One last odd thing I noticed during the call: Stroll said and I quote him: "our F1 team". Eventhough the F1 team is his only and AML only sponsors the team. I think it is very bad that the Chairman of the company he represents during a Q1 call says something like that. Later he repeatedly said how much effect the F1 team has had on the sales, like he needed to make sure AML would keep supporting the F1 team. Big investors should not be happy with that and the fact he kept repeating the importance of the F1 partnership tells me there is smoke coming from that corner.

    Moers is out and replaced by ex Ferrari CEO + adding a CTO, also ex Ferrari. This I think is the best move from Stroll yet. I really hope they get the freedom to do the right things.
    Reichman is still there unfortunately. Hopefully Amedeo Felisa also sees that the Aston Martin designs and especially interiors need to step into the future..
  • t
    thor
    All in all positive! Quarter after quarter they are getting there. Still a fantastic bargain at these current levels if you have some patients.
  • D
    David
    Big day looms...04/05/22.. trading update..Will it go up into the 1200p area,or down to the low 700p..????
  • L
    Laszlo
    Every week gains and then in 1 day it wipes off the entire gain. It was at 900 yesterday closing and today it dropped to 827 - 8% drop. Why did it happen today?
  • L
    Laszlo
    AMR F1 scored their first points in Imola. They scored 5 points. Finally the 1st step towards recovery.
  • D
    David
    Verstappen yesterday complained to the FIA,about the slowness of the Aston Martin safety car..He wants it's permanently replaced by the Mercedes cars as the performance was better at acceleration and higher speeds.
  • L
    Laszlo
    Tesla down, BMW down, Ferrari down, Airlines are all down. The economy is booming with more purchases and travels than before and all companies are pretending they are not ranking in the profits. Why ? I tried to book a flight for my daughter to see the family in EU. The planes are full, prices are high. Airlines are clearly in good position. Car sales are extreme. A car comes in to the dealership, its already sold. Most are with buyer premium, so higher than retail price. Each car lot is almost empty. Cars can be purchased but not with discount and not many different versions. Everything is sold immediately, even the 90k+ usd cars. Jeep Wagoneers, Cadillac Escalade's are sold out for months. Mercedes G-class is sold with 50k premium and still sold out. Cars are available but maybe there are wait times and not all models immediately available. The Malls are full of people all the time. Restaurants are booked, full every day.
    I do read about the supply chain problems, but I do not see or feel it. In my business (automotive industry) there is a shortage of some items, but I can replace the item with a different brand and serve the shop. I have yet to fill an order due to shortage. Takes a little longer to get some items, but its far from what people in the media makes you believe. Glass and tire shortage mostly ended this spring. Most of the problems are China shipments being slow and lack of workers in the country to load/unload the items. There is no un-employement for sure. Every company has a sign - Hiring - and no workers. More people are needed to fill the positions. So there is no over supply of items (2008-2012 recession issue) and yet, the stock market is doing bad and media talks about recession. I don't get it. I don't see the issues the media talks about. I see the opposite. A lake house we wanted to go has been booked for all summer days at $350/night. No more available days. We used to book it at 200-240/night and was never sold out in April. Now it is. People spending their money like crazy and do not look at the prices. Everything is cheap for them. New cars at every household, vacations, etc. What is really going on ? Please somebody explain this to me.... thank you.
  • G
    Ghini
    If you want to be like Ferrari, appoint an ex Ferrari CEO :) I love it!
    Good thing Moers is finally sacked, next up: Reichman..hopefully..
    Interested in the Q1 results Q&A because there are some strange things in the Q1 report.
  • A
    Arya
    MASSIVE order are coming in at the close, huge volume. Large institutions on the move again🤑🚀☀️
  • G
    Ghini
    Previously, on 15 April 2020, Lord Anthony Bamford ("LAB") gave a personal written undertaking to LS that he would exercise all voting rights attaching to the Shares in the Company that LAB holds directly or indirectly from time to time in accordance with LS's written instructions from time to time (the "Original Undertaking").

    The Original Undertaking was due to expire on 31 March 2022.

    On 30 March 2022, LAB renewed the Original Undertaking by entering into a renewal undertaking which extended the expiry date of the Original Undertaking to the earlier of (i) 31 March 2024; (ii) the date on which LS, directly or indirectly, ceases to hold shares in the Company; and (iii) the date on which LS ceases to be chairman of the Company.

    Save for the change in the expiry date, the undertaking remains in force on the same terms as prior to its extension.
  • J
    Jason
    losing too much cash to be an investment this
  • D
    David
    l can't help thinking next results in first week of May will reveal a profits warning..Russia, Ukraine (same amount of sales) and most importantly, China are all off Aston Martin sales radar at present,due to war and severe lockdowns across the wealthy section of China..Add in some serious.price inflation in constructing the cars and we have a perfect storm for AM..
  • L
    Laszlo
    https://www.youtube.com/watch?v=9a7yq5bWTC0

    Saw this just yesterday. At the time he was right. Since the stock reversed itself, but the company is on schedule. I hope it follows the schedule and recovers well, along with the stock. I would like to see $40's by mid 2023 :-) (2600-2700)
    Aston Martin exec. chairman: 'All the risk is behind us'
    www.youtube.com
  • t
    thor