AML.L - Aston Martin Lagonda Global Holdings plc

LSE - LSE Delayed price. Currency in GBp
504.00
+37.00 (+7.92%)
At close: 4:38PM GMT
Stock chart is not supported by your current browser
Previous close467.00
Open472.00
Bid502.80 x 0
Ask505.00 x 0
Day's range463.50 - 504.20
52-week range371.10 - 1,665.00
Volume1,354,514
Avg. volume673,962
Market cap1.149B
Beta (3Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)-120.80
Earnings date7 Nov 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est1,849.11
  • Aston Martin share price breaks down again after disappointing Q3 report
    Fool.co.uk

    Aston Martin share price breaks down again after disappointing Q3 report

    The losses continue for Aston Martin (LSE: AML), but with expansion plans and a new model on the way can it turn the corner into profit?

  • Aston Martin Record Share Jump Helped by Sale of Six Pricey Cars
    Bloomberg

    Aston Martin Record Share Jump Helped by Sale of Six Pricey Cars

    (Bloomberg) -- Aston Martin Lagonda’s waning cash pile was expected to be the focus of the company’s third-quarter earnings report, but the sale of six classic-model remakes ended up stealing the show.The “unexpected” deals for six DB4 GT Zagato Continuations models were behind a better-than-expected quarterly Ebit figure, contributing between 1 million pounds ($1.3 million) and 1.5 million pounds each, according to Jefferies analyst Philippe Jean Houchois, who spoke by phone.Aston Martin has been dogged by questions about its capital position since going public last year. On Thursday, the shares climbed as much as 10%, a record intraday gain. The stock remains down 78% since the stock’s initial public offering.READ: Aston Martin Profit Drops as Carmaker Awaits Vital DBX SUV (1)Cash-flow was in line with Jefferies’s estimate and while sales and profits declined year-on-year, the numbers “weren’t so bad,” given tough comparatives, Houchois added. Jefferies has a hold rating on the shares. The company also cut delivery targets for the year, which will help to lower inventory levels.Aston Martin is still the worst performer on the mid-cap FTSE 250 benchmark this year, after slashing its full-year sales forecast in July.To contact the reporter on this story: Joe Easton in London at jeaston7@bloomberg.netTo contact the editors responsible for this story: Beth Mellor at bmellor@bloomberg.net, Monica Houston-WaeschFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Aircraft engine woes to hit Rolls-Royce and weak car market hurts Aston Martin
    Yahoo Finance UK

    Aircraft engine woes to hit Rolls-Royce and weak car market hurts Aston Martin

    Luxury carmaker Aston Martin and engine manufacturer Rolls-Royce have separately faced difficulties with their businesses.

  • Aston Martin swings to third-quarter loss as volumes drop
    Reuters

    Aston Martin swings to third-quarter loss as volumes drop

    Luxury British carmaker Aston Martin swung to a third-quarter loss on Thursday, saying its full-year wholesale volumes would be lower than previously guided after slumping demand in Europe and Asia. Volumes to dealers fell 16% to 1,497 cars in the three months to the end of September as demand in Europe, the Middle East and Africa area dropped 17% and Asia was down by a third, hit by weak demand for the company's Vantage model. The 106-year firm, famed for being fictional agent James Bond's brand of choice, is taking action to cut costs and hopes the launch of its first sport utility vehicle, the DBX, at a new factory in Wales, will boost performance next year.

  • Reuters - UK Focus

    UPDATE 3-Aston Martin swings to third-quarter loss as volumes drop

    Luxury British carmaker Aston Martin swung to a third-quarter loss on Thursday, saying its full-year wholesale volumes would be lower than previously guided after slumping demand in Europe and Asia. Volumes to dealers fell 16% to 1,497 cars in the three months to the end of September as demand in Europe, the Middle East and Africa area dropped 17% and Asia was down by a third, hit by weak demand for the company's Vantage model. The 106-year firm, famed for being fictional agent James Bond's brand of choice, is taking action to cut costs and hopes the launch of its first sport utility vehicle, the DBX, at a new factory in Wales, will boost performance next year.

  • Aston Martin Owners Hinder Access to Stock Market for New Cash
    Bloomberg

    Aston Martin Owners Hinder Access to Stock Market for New Cash

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.A weakening of powers held by the management of Britain’s most famous luxury car company has made it harder for the firm to raise much-needed capital.Aston Martin Lagonda is spending money --about 162 million pounds ($208 million) on capex in the first half of 2019 -- as it channels resources into the launch of its DBX, a high-end SUV scheduled for release in Beijing later this month. Analysts including Bank of America Merrill Lynch say the company, which publishes earnings on Thursday, may need to sell new shares to shore up its balance sheet, particularly after its last use of the debt market saw investors demand a punitive 12% interest.That may not be so simple.At its annual shareholder meeting in June, the company restricted management’s power to issue stock of up to 5% of its equity without shareholder approval. The move, which followed discussions with shareholders, went largely unnoticed outside company circles at the time but may complicate future efforts to raise funds for ongoing operations. Aston Martin’s market capitalization is about 984 million pounds, according to data compiled by Bloomberg.“One astonishing aspect of the Aston story is the apparent decision to take away the company’s ability to raise equity easily,” Max Warburton, equity analyst at Bernstein said in a note to clients last Tuesday.Aston Martin’s main shareholders, private equity groups Investindustrial and Adeem, control a combined 61% according to analysts at Bernstein.Officials at Aston Martin and Investindustrial declined to comment. Representatives for Adeem didn’t respond to a request for comment.Luxury SUVAston Martin’s investors have gone through turbulent times and its shares, which listed last year at 19 pounds, currently trade at about 420 pence, according to data compiled by Bloomberg.Read More: Aston Martin Bookrunner BofAML Cuts to Sell After Stock SlumpAston Martin’s adjusted indebtedness almost doubled in the first half of this year to 4.7 times earnings, according to its last results statement. Capital expenditure rose 10 million pounds from the prior year to 162 million pounds, which the company attributed primarily to “near-term product launches.”Much depends on the success of the new SUV, meanwhile. When Aston Martin raised debt in September at 12% interest, it also agreed with bondholders that it will gain access to a further $100 million of financing if it secures 1,400 orders on its DBX by June. The car will have a $189,900 U.S. price tag, the company said on Wednesday.Read more: Aston Martin’s Make-Or-Break $189,900 SUV Gamble Starts in ChinaEven so, that new financing line has limited appeal. The company said it may issue the additional bonds for the extra money as unsecured debt which would further increase its funding costs to as high as 15%, Bloomberg reported in September.“The company needs equity,” said Philippe Houchois, equity analyst at Jefferies who has a hold recommendation in the stock. “Aston Martin has a wrong capital structure.”\--With assistance from William Canny.To contact the reporters on this story: Laura Benitez in London at lbenitez1@bloomberg.net;Irene García Pérez in London at igarciaperez@bloomberg.netTo contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Chris VellacottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Full steam ahead for this new FTSE 250 growth stock? Here’s why I’m not tempted
    Fool.co.uk

    Full steam ahead for this new FTSE 250 growth stock? Here’s why I’m not tempted

    New-stock-on-the-block Trainline plc's (LON:TRN) half-year numbers suggest the company is on track, but this Fool suspects the good news is already priced in.

  • The lesson to learn from the Virgin Galactic IPO stock price flop
    Fool.co.uk

    The lesson to learn from the Virgin Galactic IPO stock price flop

    Virgin Galactic shares are already down since IPO. How does that compare with these UK flotations?

  • Why I predict competitors will vanquish Aston Martin shares
    Fool.co.uk

    Why I predict competitors will vanquish Aston Martin shares

    Whether Aston Martin will survive as an independent depends upon your vantage point.

  • Reuters - UK Focus

    UPDATE 2-FTSE 100 ekes out gains on pharma strength

    The exporter-laden FTSE 100 recovered from early losses on Monday despite a rebound in sterling, boosted by gains in leading drug stocks and as prospects for a U.S.-China trade agreement powered miners and industrials. The blue chip index closed 0.1% higher, lagging peers on Wall Street and in Europe as a near 4% drop in HSBC after an underwhelming earnings update, and a slide in dollar earners, capped gains. The more domestically-focused FTSE 250 outperformed with a 0.5% rise ahead of a parliamentary vote on Prime Minister Boris Johnson's demand for a general election.

  • 'Bond' designed Aston Martin tops Neiman Marcus Fantasy Gift list
    Yahoo Finance

    'Bond' designed Aston Martin tops Neiman Marcus Fantasy Gift list

    Current James Bond actor Daniel Craig helped design a special Aston Martin for Neiman Marcus's 2019 Fantasy Gifts List.

  • How low can the Aston Martin share price go?
    Fool.co.uk

    How low can the Aston Martin share price go?

    Can Aston Martin turn things around, or will it go bust for the eighth time in its history?

  • Reuters - UK Focus

    Moody's revises Aston Martin outlook to 'negative' on high cash burn

    Ratings agency Moody's revised its credit outlook on Aston Martin Lagonda Holdings to 'negative' on Thursday, citing increased debt and "significant" further burning of cash expected around the launch of its new DBX luxury sports utility vehicle. The outlook change comes a day after Standard & Poor's cut the rating on the luxury carmaker's bonds deeper into junk amid concerns over Britain's exit from the European Union and the threat of United States tariffs. "The negative outlook reflects the increased debt from the notes issuance, which will result in continued very high leverage for at least the next 24 months and delay deleveraging further," Moody's said in a statement.

  • The Aston Martin share price is tanking. I’d buy this FTSE 100 stock instead
    Fool.co.uk

    The Aston Martin share price is tanking. I’d buy this FTSE 100 stock instead

    Aston Martin could be heading for a costly breakdown, thinks Roland Head.

  • Reuters - UK Focus

    Aston Martin rating cut deeper into junk amid Brexit, tariff worries - S&P

    Ratings agency Standard & Poor's has cut its credit rating on storied carmaker Aston Martin Lagonda Holdings deeper into junk territory on Wednesday amid concerns over the UK's exit from the European Union and threat of U.S. tariffs. The ratings agency trimmed its rating by one notch to 'CCC+', which reflects substantial risks and takes it close to default territory after a faster-than-expected cash burn this year. The negative outlook reflects ongoing pressure on profits, a high cash burn, and very high leverage in the face of heightened risks linked to a potential no-deal Brexit and new tariffs on car imports threatened by the United States.

  • What to Watch: Aston Martin bond, Boohoo growth, Thomas Cook's Condor
    Yahoo Finance UK

    What to Watch: Aston Martin bond, Boohoo growth, Thomas Cook's Condor

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Reuters - UK Focus

    UPDATE 2-Britain's mid-cap shares fall on political uncertainty

    Britain's mid-cap share index fell by its most in six weeks on Wednesday, weighed down by uncertainty over Brexit as parliament reconvened after a court ruling against the prime minister. The FTSE 250, made up of firms that tend to be more reliant on the UK market than the exporter-heavy FTSE 100 , shed 0.7%, its biggest one-day drop since Aug. 14. The FTSE 100, meanwhile, closed flat after recovering from an initial slide with the help of a steep drop in sterling.

  • Reuters - UK Focus

    UPDATE 2-Aston Martin raises $150 mln in debt, shares fall on high cost

    Luxury carmaker Aston Martin will see its borrowing costs jump after it raised $150 million in debt at 12% interest to bolster its balance sheet for its DBX sports utility vehicle launch next year, with the option for another $100 million. Chief Executive Andy Palmer said concerns around Brexit and U.S.-China trade relations were skewing the outlook to the downside, so it was prudent to address investor concerns about its balance sheet. The main tranche comprises notes with an interest rate of 12% due in 2022, while the additional notes could be issued under the same terms if permitted, or could be issued as unsecured notes with an interest rate of 15%, Aston Martin said.

  • Aston Martin raises £120 million in debt, shares fall on high cost
    Reuters

    Aston Martin raises £120 million in debt, shares fall on high cost

    Luxury carmaker Aston Martin will see its borrowing costs jump after it raised $150 million (£120 million pounds) in debt at 12% interest to bolster its balance sheet for its DBX sports utility vehicle launch next year, with the option for another $100 million. Chief Executive Andy Palmer said concerns around Brexit and U.S.-China trade relations were skewing the outlook to the downside, so it was prudent to address investor concerns about its balance sheet. The main tranche comprises notes with an interest rate of 12% due in 2022, while the additional notes could be issued under the same terms if permitted, or could be issued as unsecured notes with an interest rate of 15%, Aston Martin said.

  • Forget Aston Martin stock, this FTSE 100 company looks safer
    Fool.co.uk

    Forget Aston Martin stock, this FTSE 100 company looks safer

    Aston Martin Lagonda Global Holdings plc (LSE:AML) has been on a downward trajectory since its IPO – can it recover?

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