Aston Martin Lagonda (lon:aml)
Aston Martin – Back For More Money

Aston Martin Lagonda Financials

ItemCurrent PeriodPrevious Period
YearN/A N/A
Period12 Months12 Months
Adjusted Earnings
Adjusted EBITDA
Statutory Profit
Adjusted Profit
Total Debt
Net Debt

Commentary History
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Aston Martin Lagonda Share Price
Grade:The Black Grade - Shares That I Think Could Collapse To Nothing Or Suffer A Massive Share Issue.
Title: Aston Martin – Back For More Money
Company: AML - Aston Martin Lagonda
Share Price Then: 50p
Author: Ian Smith
Date: Wed 01 Jul 2020
Comments: At the end of June Aston did another share issue, this time for £150 million issuing the equivalent of 19.99% of the existing shares at 50p each, at this price they were pretty close to the open market price.
This was done pretty rapidly announced on the 26th and admitted on the 30th, the Yew Tree group, Stroll’s rescue consortium took up £38m worth.

Accepting that COVID was an unexpected event the company has raised a staggering £686 million since the end of March and the trading update at the end of June had net debt of £774m, excluding lease liabilities and they are talking about extra loans.

These were the sort of numbers we saw before the £536m share issue which was supposed to solve the debt problem.

Unless DBX sales rocket where can the company go?

Putting it into context at the end of Jan 2020 the plan was to issue 45.6m new shares at £4 each, at that time there were 231million shares in issue today there are 1,824 million issued trading at a around 50p.
For those who paid around £18 at issue this has been a total disaster.
Read Count: 165/13148

Buy/No Buy In A Nutshell
NegativesToo much debt and they have already done a share issue to fix that, very heavily reliant on sales of the DBX the new SUV, a worrying number of statements about how sponsoring the Stroll owned F1 team is great news.
PositivesNew management getting much more aggressive with people complaining that they asked for and were given loans but they can't afford them.
Initial Review Price51p
Last Review Price55.73p
Last Review Date02-Sep-2020
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