Another general discussion thread, so that we can share news & views any time.
Please feel free to post anything about Aston Martin Lagonda Global Holdings (LON:AML) in the comments to this thread.
Rational bull & bear views welcomed.
Appreciate the many bankruptcies and false dawns associated with this company throughout its long history, but have been following it quite closely since the Stroll buyout.
Last year (2020) saw a trimming down of a lot of excess dealer stock, redundancies, refinancing of debt and consolidation of locations and assembly lines (lots of sensible things really), but combined with Covid the results reflected this.
However, H1 results last week saw the most wholesale deliveries ever, ASP approaching 2018 levels and would have been FCF positive excluding interest.
Still a long way to go with this one, high levels of debt is obviously a big concern although this has now been punted down the road until 2025, and a lot rests on the execution of DBX derivatives in the short term, and the new mid-engine range in 2022/2023 timeframe but the green shoots of recovery are there to be seen.
