Aston Martin Lagonda (lon:aml)
Aston Martin – Where Is Its Settled Price?

Aston Martin Lagonda Financials

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Commentary History
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 – Where Is Its Settled Price?
Company: AML - Aston Martin Lagonda
Share Price Then: 766p
Author: Ian Smith
Date: Thu 25 Jul 2019
Comments: Aston Martin only went public about 9 months ago, Nov 2018 and their shares have dropped from 1,700p to 766p in what was pretty much a straight line.

I was starting to believe that the market was happy at around 1,000p but a weak trading update yesterday has pushed the price well below that level.

Normally I would have thought leave well alone and the bottom is unknown, but the private equity firm Investindustrial which owns 31% has offered to by 3% of the company at 1,000p at the start of July.

So was this offer made without knowing the predictions made in the trading update and do those predictions change the argument.

At 766p the share price is almost 25% below that 1,000p price, so either the market is over reacting or have sales by Primewagon, who held 36% of Aston Martin at one stage have taken the price too low?
Read Count/ID: 324/10071

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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