AML.L - Aston Martin Lagonda Global Holdings plc
| Previous close | 556.80 |
| Open | 570.40 |
| Bid | 583.60 x 0 |
| Ask | 585.40 x 0 |
| Day's range | 561.80 - 599.80 |
| 52-week range | 371.10 - 1,374.40 |
| Volume | 445,332 |
| Avg. volume | 871,771 |
| Market cap | 1.3B |
| Beta (5Y Monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Fool.co.uk
The Aston Martin share price has skidded again. Here’s what I’d do
G A Chester discusses the big share-price-shifting news from James Bond's favourite car maker Aston Martin, and roadside assistance firm AA.
- Reuters
Britain's Aston Martin talking to investors as reviews funding
The Financial Times reported earlier that Aston Martin has held meetings over recent weeks with Canadian billionaire Lawrence Stroll, other carmakers and potential investors from the Middle East, India and China. Autocar magazine reported last week that Stroll, owner of Formula One team Racing Point, is preparing to buy a major stake in Aston, whose market capitalisation is now only around 1.27 billion pounds ($1.63 billion). As the car industry consolidates through deals such as the Peugeot and Fiat merger, Aston has said it does not need to belong to a bigger automotive group, pointing to the success of stand-alone rival Ferrari .
- Yahoo Finance UK
Aston Martin opens new factory in Wales
New plant will make Aston's first SUV and create 600 new jobs.
- Reuters - UK Focus
UPDATE 1-Aston Martin not actively pursuing new investors as opens SUV plant
Aston Martin, which was reported this week to be the target of Canadian billionaire Lawrence Stroll, said it was not actively pursuing new investors on Friday as it opened a new factory to build its first sport utility vehicle. As some in the global car industry turn to partnerships, alliances or mergers to handle the challenge of electrification, new technology and tighter margins, Autocar magazine reported on Thursday that Stroll, the owner of Formula One team Racing Point, is preparing to buy a major stake in Aston. The British automaker's new factory in south Wales holds the key to ending a poor performance this year from Aston, whose shares have tumbled 75% this year on weaker-than-expected sales.
- Reuters
Aston Martin CEO says shareholders in it for the long-term, not soliciting participation
Aston Martin's two major shareholders are in it for the long term and the company is not actively soliciting participation, the firm's boss said on Friday after a media report said Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake. "They look to the long term," Andy Palmer said of the company's biggest owners.
- Reuters
Aston Martin not actively pursuing new investors as opens SUV plant
Aston Martin , which was reported this week to be the target of Canadian billionaire Lawrence Stroll, said it was not actively pursuing new investors on Friday as it opened a new factory to build its first sport utility vehicle. As some in the global car industry turn to partnerships, alliances or mergers to handle the challenge of electrification, new technology and tighter margins, Autocar magazine reported on Thursday that Stroll, the owner of Formula One team Racing Point, is preparing to buy a major stake in Aston. The British automaker's new factory in south Wales holds the key to ending a poor performance this year from Aston, whose shares have tumbled 75% this year on weaker-than-expected sales.
- Reuters - UK Focus
Aston Martin opens new factory to build key first SUV
Aston Martin opened a new factory in Wales on Friday which will build the British automaker's first sport utility vehicle, key to its hopes of a turnaround after a poor performance this year sent shares tumbling. Aston launched its DBX model last month, hoping that more female buyers will help boost sales after a year in which it has so far posted a pre-tax loss due to weaker-than-expected demand for its sports cars, particularly in Europe. The St Athan site near Cardiff in south Wales is the 106-year-old firm's second car plant after its existing site in Gaydon, central England.
- Fool.co.uk
The Aston Martin share price motored up by 19% today. Should you buy or sell?
Aston Martin (LSE: AML) shares got off to a flying start today on the back of rumours of a billionaire wanting a large stake in the company.
- Bloomberg
For Aston Martin, 2020 Is No Time to Die
(Bloomberg Opinion) -- For the many hedge funds betting against Aston Martin, a takeover bid for its parent company is a dreaded specter. Thursday brought the trailer for such a scenario, with Britain’s Autocar magazine reporting that motor-racing mogul Lawrence Stroll could acquire a controlling stake in Aston Martin Lagonda Global Holdings Plc.With no formal announcement, despite a 20% share-price jump, some caution is warranted. But if you think the historic sports-car maker will escape its current troubles, now would be the time for a predator to buy.Aston has become a binary bet on its new DBX luxury sports utility vehicle. The company has taken on vast and expensive debts in developing the car. But worries over whether it could deliver on time are abating: Marketing began last month and full production is scheduled for the second quarter of next year. Darker macro clouds maybe lifting too. Sterling’s recent rally suggests hope for greater U.K. political stability and perhaps a clearer sense of where Brexit is heading. Rising stocks hint that trade-war fears may be easing. It helps too that there’ll be a new James Bond movie, stuffed with Aston Martins, just when the DBX comes out.Now consider the dynamics of Aston’s shareholder register. There are three big strategic shareholder blocks: Kuwaiti investment funds, the Italian private-equity group Investindustrial Advisors SpA and German automaker Daimler AG. The Kuwaitis have been selling down since last year’s initial public offering. Any aspiring buyer would knock on their door first, but their shares alone wouldn’t confer control. If Stroll wanted real influence, he’d have to make an offer to all shareholders, probably having lined up Kuwaiti support in advance.It’s not clear who else might want to sell given that a bid at, say, 650 pence a share — roughly 30% above Wednesday’s close — would still be 66% below the IPO price. Investindustrial might want to hang on. Either way, any offer now would rest on tricky scenario planning. Whether the DBX succeeds or flops, Aston will probably want to cut its excessive debt by selling new shares to raise equity. Assuming some existing investors — notably the Kuwaitis — weren’t willing to inject more money, that capital increase would provide a natural opportunity for Stroll to step into their shoes.Of course, if DBX sales really take off, Aston’s share price would fly too. Perhaps better to move now with prices depressed than to wait and see. If Stroll gets a big stake, that will also raise questions about Aston’s strategy, which is based on launching seven new vehicles, with each one generating revenue to fund the next. Right now, the focus is on getting the DBX to market and managing cash as tightly as possible. Shareholders who exit via an offer won't need to worry. But those who wish to stay invested will want to know whether a new partner with a background in motor racing has other ideas.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: Timothy Lavin at tlavin1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters
Billionaire Lawrence Stroll seeks big stake in Aston Martin - report
Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin , Autocar magazine reported, sending the luxury sports car maker's battered shares up 17% on Thursday. Aston Martin, the drive of choice for fictional British secret agent James Bond, has seen its shares slump since its flotation in October 2018 as sales have failed to meet expectations. Stroll, who is the father of Formula One driver Lance Stroll, is heading up a consortium looking to take a "major shareholding" in the British company, Autocar and the racefans.net website reported on Thursday.
- Reuters - UK Focus
UPDATE 2-Billionaire Lawrence Stroll seeks big stake in Aston Martin - report
Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the luxury sports car maker's battered shares up 17% on Thursday. Aston Martin, the drive of choice for fictional British secret agent James Bond, has seen its shares slump since its flotation in October 2018 as sales have failed to meet expectations.
- Reuters
Billionaire Lawrence Stroll seeks big stake in Aston Martin: report
Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin , Autocar magazine reported, sending the luxury sports car maker's battered shares up 17% on Thursday. Aston Martin, the drive of choice for fictional British secret agent James Bond, has seen its shares slump since its flotation in October 2018 as sales have failed to meet expectations. Stroll, who is the father of Formula One driver Lance Stroll, is heading up a consortium looking to take a "major shareholding" in the British company, Autocar and the racefans.net website reported on Thursday.
- Bloomberg
F1 Billionaire Considering Bid for Aston Martin: Report
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Canadian fashion billionaire Lawrence Stroll is planning a bid for luxury automaker Aston Martin Lagonda Global Holdings Plc, industry magazine Autocar reported.Shares of Aston Martin jumped as much as 13% after Autocar said Stroll aimed to purchase a major stake that would give him control of the struggling U.K. company, without saying where it got the information. The bonds also gained.Aston Martin is grappling with sluggish sales and lower earnings after pegging future growth to the launch of its first sport-utility vehicle, which won’t start deliveries until the middle of next year. The Gaydon, England-based group declined to comment, while Stroll couldn’t immediately be reached.Stroll, who owns the Racing Point Formula One team, is worth in excess of 2 billion pounds ($2.6 billion) after investing in brands including Pierre Cardin, Ralph Lauren and Tommy Hilfiger, according to Autocar, which said it had investigated his plans for Aston Martin with RaceFans.net.Aston Martin traded 12% higher at 563.8 pence as of 11:30 a.m. in London, paring the stock’s decline this year to 54% and valuing the company at 1.29 billion pounds.The shares are still worth less than one-third of what they were when the carmaker went public in October 2018, making Aston Martin the worst performer new listing on London’s main market in more than two years.About 36% of Aston Martin shares are currently traded, according to Bloomberg data. Private equity firms Investindustrial and Adeem control more than 60% of the stock, analysts at Bernstein said in a note last month.With Aston battered by an industry downturn, weaker economies and uncertainty around Brexit, Chief Executive Officer Andy Palmer has said salvation lies in the $190,000 DBX SUV that the company recently launched in Beijing. The vehicle sits at the heart of a plan to more than double annual output to 14,000 autos by 2023.Analysts have said the company may need to sell new stock to shore up its balance sheet in the meantime -- a path obstructed by a shareholder resolution in June that restricted management’s power to issue stock without approval. In a separate hurdle, a further $100 million of financing depends on the company securing 1,400 orders for the DBX by June.To contact the reporters on this story: Christopher Jasper in London at cjasper@bloomberg.net;Siddharth Philip in London at sphilip3@bloomberg.netTo contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters - UK Focus
McLaren looks to Asia and hybrid cars to stay on track
British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company's chief executive said on Tuesday. "We need to put more cars into Asia," McLaren CEO Mike Flewitt said in a meeting with reporters in Detroit. Sales of McLaren's carbon fiber and aluminum sports cars, which start at about $200,000 in the United States, have fallen in the United Kingdom, its largest market.
- Fool.co.uk
The Aston Martin share price rose 10% yesterday. Is it time to buy or sell?
New car releases make Aston Martin look promising, but is the car market robust enough to support further growth?
- Reuters - UK Focus
UPDATE 1-Aston Martin gets in touch with its feminine side for first SUV
LONDON/ BEIJING, Nov 20 (Reuters) - James Bond's carmaker of choice Aston Martin took a first step into the lucrative SUV market on Wednesday with an eye on winning female customers, hoping it can dig itself out of a financial black hole. Whilst around 10% of the buyers of its signature line-up of sports cars, including the six-figure sum DB11 and Vantage models, are women, half of its customers in China are female, where the firm chose to launch its sport utility vehicle (SUV), the DBX. "That’s something we aspire to elsewhere," Chief Executive Andy Palmer told Reuters.
- Yahoo Finance UK
Aston Martin unveils its luxury SUV in global launch
Aston bets on the DBX to boost its fortunes.
- Reuters
Aston Martin gets in touch with its feminine side for first SUV
LONDON/ BEIJING (Reuters) - James Bond's carmaker of choice Aston Martin took a first step into the lucrative SUV market on Wednesday with an eye on winning female customers, hoping it can dig itself out of a financial black hole. Whilst around 10% of the buyers of its signature line-up of sports cars, including the six-figure sum DB11 and Vantage models, are women, half of its customers in China are female, where the firm chose to launch its sport utility vehicle (SUV), the DBX. "That’s something we aspire to elsewhere," Chief Executive Andy Palmer told Reuters.
