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16 June 2021
10:06 hour

Aston Martin falls 5% in its London IPO

CNN Money Top Stories

08/02/2021 - 22:45

Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.


READ THE FULL ARTICLE ON CNN MONEY TOP STORIES

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  1. Aston Martin shares fall 18% in 3 months. Should I buy now? (09/05/2021 - The Motley Fool UK)
    My all-time favourite James Bond actor is the late, great Sir Sean Connery. But secret agent 007 originally drove a Bentley, not the Aston Martins usually seen in the spy films. (Furthermore, Bond used to smoke up to 70 bespoke Morland cigarettes a day, but that’s also history!) However, since Aston Martin Lagonda Global Holdings (LSE: AML) returned to the stock market in 2018, Aston Martin shares have zig-zagged more than Bond’s iconic DB5. Aston Martin’s troubled history Founded in 1913, Aston Martin has been around for 108 years. But it’s been a rocky ride for AML’s owners from the start. Indeed, the first of seven bankruptcies occurred in 1925, just 12 years after the group’s launch. In 1972, the struggling company changed hands for a mere £101. In 1975, it was sold for £1m, before being acquired by new owners in 1981. Ten years later, Ford took majority ownership of Aston Martin and modernised the firm’s line-up. It was sold again in 2007, a year after Daniel Craig became the new Bond. Over these decades, owners of Aston Martin shares usually ended up with nothing or a token payment for their stock. Aston Martin shares list in London In October 2018, Aston Martin shares listed in London for the first time. This valued the group at £4.3bn, £800m below the hoped-for £5.1bn. The stock fell 90p (down 4.7%) on its opening day and then headed steeply southwards. So much for the first London listing of a UK carmaker since 1984. Within 14 months of floating, Aston Martin shares had lost more than nine-tenths (91.2%) of their value. Then along came the Covid-19 pandemic, savaging the company’s sales. Aston Martin appeared to be heading for its eighth bankruptcy. But a group of investors led by Canadian billionaire Lawrence Stoll rescued AML. They paid £182m to acquire a quarter of the group and injected much-needed funds to strengthen the business. AML stock skyrockets over 12 months Just over a year ago, on 14 May 2020, Aston Martin shares crashed to an intra-day low of 550p and later closed at 614p. But AML’s stock has exploded since then, delivering bumper returns to brave (or lucky) investors. At the end of 2020, AML closed at 2,009p, more than triple (+227%) May 2020’s closing low. This climb peaked at a 2021 closing high of 2,273p on 2 February. Would I buy AML today? Although Aston Martin makes beautiful cars, its financial history has been very ugly. However, in first-quarter results released on Thursday, the group revealed revenues of £224m, up 153% on Q1 2020 (when Covid-19 was spreading worldwide). The quarterly pre-tax loss narrowed to £42m, from £110m a year earlier. And net debt fell to £723m from £956m 12 months before. On Friday (7 May), Aston Martin shares closed at 1,856.5p, down 34.5p (1.8%) on the day. This leaves them 416.5p — almost a fifth (18.3%) — below their 2021 high. Would I buy into the luxury carmaker after this recent share slide? As a veteran value investor, before I acquire a stake in any company, I ask myself a simple question: had I sufficient funds in cash, would I be willing to purchase the entire business today? For AML, the answer would be a firm no. Although the group is clearly turning a corner, the current market cap of £2.1bn is too rich for my blood. For now, I’ll leave Aston Martin shares to more optimistic growth investors. FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading The Aston Martin share price is falling again! Here’s what I’m doing now Despite positive results, I’m sceptical about the Aston Martin share price. Here’s why I think the Aston Martin share price could have a lot further to go Why I think the Aston Martin share price could keep climbing Should I invest in Rolls-Royce or Aston Martin shares right now? Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Aston Martin shares fall 18% in 3 months. Should I buy now? appeared first on The Motley Fool UK.
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  2. Aston Martin Lagonda Global Holdings reports FY 2020 results (25/02/2021 - Seeking Alpha)

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  3. Will the Aston Martin share price accelerate in 2021? (14/05/2021 - The Motley Fool UK)
    Watching a car made by Aston Martin Lagonda (LSE: AML) tear around hairpin bends on a race track can be exciting — but sometimes alarming. That matches the experience of some shareholders of the firm. The Aston Martin share price has had its share of crashes and acceleration in recent years. So can the Aston Martin share price recover this year and would I buy it? Aston Martin share price performance Before looking forward, it is a worth a glance in the rear view mirror. In the past year, the Aston Martin share price has tripled. An increase of 212% is certainly impressive. But that doesn’t take the share price back to where it was previously. The shares are still trading at more than 80% down on their 2018 listing price. So even after revving up lately, the shares are still a long way from where they began. Positive drivers for the share price This month Aston Martin released its first-quarter results. They contained some positive signs for the company, in my view. Sales were up sharply from the same period last year, when the pandemic was starting to impact car demand. Wholesale volumes leapt 134%. The top-selling car was the company’s sports utility vehicle, the DBX. That has been a large part of the company’s recovery plan. It even built a new factory specifically to produce it. So the sale of 746 units in the quarter looked like good news. Additionally, the company managed to improve its performance on the profits front and actually reported £20.7m of adjusted earnings before interest, tax, depreciation and amortisation (EBITDA). But the company’s debt pile means interest is a big expense. I prefer to look at the pre-tax loss, which stood at £42.2m. That was still significant. But it was smaller than the £110.1m loss it booked in the same quarter last year. Future plans The company’s management has set out aggressive plans to return it to financial health. These include around 10,000 wholesale sales per year. The annual revenue target is about £2bn, generating roughly £500m of adjusted EBITDA. In its announcement, the company expressed its current confidence in its ability to hit these targets. That’s a strong statement of intent. This year, for example, it expects to sell around 6,000 units.  Aston Martin share price risks – and my next move Investing in Aston Martin shares has been a bumpy ride where the environment can change rapidly. I think positive news like the company has just released will help the momentum of its shares even more this year. The Aston Martin share price is already less than 5% away from the £20 level I thought it could hit this year. But I continue to be wary of the risks. The debt pile generates a significant interest bill. This year alone, interest payments will eat up £125m of cash. The debt risks eating substantially into free cash flow. The company has also been willing to dilute shareholders considerably to help raise more funds. With its future still looking challenging, I see this as an ongoing risk. Any dilution would reduce the stake in the company each share represents. For those reasons, I continue to avoid Aston Martin shares. FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading Can the Aston Martin share price continue to rise? Aston Martin shares fall 18% in 3 months. Should I buy now? The Aston Martin share price is falling again! Here’s what I’m doing now Despite positive results, I’m sceptical about the Aston Martin share price. Here’s why I think the Aston Martin share price could have a lot further to go christopherruane has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Will the Aston Martin share price accelerate in 2021? appeared first on The Motley Fool UK.
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  4. Will the Aston Martin share price accelerate in 2021? (14/05/2021 - The Motley Fool UK)
    Watching a car made by Aston Martin Lagonda (LSE: AML) tear around hairpin bends on a race track can be exciting — but sometimes alarming. That matches the experience of some shareholders of the firm. The Aston Martin share price has had its share of crashes and acceleration in recent years. So can the Aston Martin share price recover this year and would I buy it? Aston Martin share price performance Before looking forward, it is a worth a glance in the rear view mirror. In the past year, the Aston Martin share price has tripled. An increase of 212% is certainly impressive. But that doesn’t take the share price back to where it was previously. The shares are still trading at more than 80% down on their 2018 listing price. So even after revving up lately, the shares are still a long way from where they began. Positive drivers for the share price This month Aston Martin released its first-quarter results. They contained some positive signs for the company, in my view. Sales were up sharply from the same period last year, when the pandemic was starting to impact car demand. Wholesale volumes leapt 134%. The top-selling car was the company’s sports utility vehicle, the DBX. That has been a large part of the company’s recovery plan. It even built a new factory specifically to produce it. So the sale of 746 units in the quarter looked like good news. Additionally, the company managed to improve its performance on the profits front and actually reported £20.7m of adjusted earnings before interest, tax, depreciation and amortisation (EBITDA). But the company’s debt pile means interest is a big expense. I prefer to look at the pre-tax loss, which stood at £42.2m. That was still significant. But it was smaller than the £110.1m loss it booked in the same quarter last year. Future plans The company’s management has set out aggressive plans to return it to financial health. These include around 10,000 wholesale sales per year. The annual revenue target is about £2bn, generating roughly £500m of adjusted EBITDA. In its announcement, the company expressed its current confidence in its ability to hit these targets. That’s a strong statement of intent. This year, for example, it expects to sell around 6,000 units.  Aston Martin share price risks – and my next move Investing in Aston Martin shares has been a bumpy ride where the environment can change rapidly. I think positive news like the company has just released will help the momentum of its shares even more this year. The Aston Martin share price is already less than 5% away from the £20 level I thought it could hit this year. But I continue to be wary of the risks. The debt pile generates a significant interest bill. This year alone, interest payments will eat up £125m of cash. The debt risks eating substantially into free cash flow. The company has also been willing to dilute shareholders considerably to help raise more funds. With its future still looking challenging, I see this as an ongoing risk. Any dilution would reduce the stake in the company each share represents. For those reasons, I continue to avoid Aston Martin shares. FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading Can the Aston Martin share price continue to rise? Aston Martin shares fall 18% in 3 months. Should I buy now? The Aston Martin share price is falling again! Here’s what I’m doing now Despite positive results, I’m sceptical about the Aston Martin share price. Here’s why I think the Aston Martin share price could have a lot further to go christopherruane has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Will the Aston Martin share price accelerate in 2021? appeared first on The Motley Fool UK.
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  5. Can the Aston Martin share price continue to rise? (11/05/2021 - The Motley Fool UK)
    Luxury car maker Aston Martin Lagonda‘s (LSE: AML) share price has doubled in the past year. I believe new management and improving financial results have helped the strong movement in the share price.  I would like to further analyse the company to understand if this is a buying opportunity for me. Here’s why I think Aston Martin’s share price will rise The company released its first-quarter results last week. Revenue grew by 153% year-on-year to £224.4m. These results look good, but during the first quarter last year, Covid-19 disruptions had a negative impact on the company’s revenues. To have a better comparable, I checked the company’s first-quarter 2019 revenue. It was £196m and reassured me of the growth of the company. The company benefitted from strong demand for its first sports utility vehicle, the DBX. It accounted for 55% of wholesale units. Strong demand from China, and less need for incentives as the inventory levels decreased, helped the company to achieve an increase in its average selling price. This is of interest to me since I believe China is an important car market at the moment. Aston Martin was able to reduce its pre-tax losses from £110.1m to £42.2m. Also, the adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) came to £21m, compared to a loss of £38m for the same period last year. This was mainly due to fewer incentives, strong demand for the DBX and the cost reduction initiative by the management. It also reported a positive cash flow of £24m.  Aston Martin’s transformation plan, called ‘Project Horizon’,  is progressing well. The company was able rebalance the supply of its GT/Sport cars to demand earlier than originally planned. The company is also reducing costs by consolidating all sports manufacturing in one location. It is also able to achieve initial manufacturing efficiencies in its plants, which is good. High debt is a concern for the Aston Martin’s share price The company’s net debt has been reduced to £722.9m from £726.7m in the fourth quarter of 2020. However, the debt to equity ratio is high in my opinion. Currently, the company has a debt to equity ratio of 1.70. The company’s success will depend on the quick recovery of the global economy. If there is a slowdown due to the increasing Covid-19 cases it will put pressure on the company’s results. The much-awaited Valkyrie hypercar and new derivatives of the DBX are expected to be launched this year. I will be keenly watching the launch of these vehicles. In my opinion, Aston Martin’s share price will depend on the success of these new cars in the coming months.  Final view The Aston Martin’s shares have been performing well in the past year. I believe that due to the good results and improving cash position Aston Martin’s share price might continue to rise. So, I would consider buying the shares in the coming months.  FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading Aston Martin shares fall 18% in 3 months. Should I buy now? The Aston Martin share price is falling again! Here’s what I’m doing now Despite positive results, I’m sceptical about the Aston Martin share price. Here’s why I think the Aston Martin share price could have a lot further to go Why I think the Aston Martin share price could keep climbing Royston Roche has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Can the Aston Martin share price continue to rise? appeared first on The Motley Fool UK.
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  6. 2 reasons why the Aston Martin share price is down almost 10% over the last month (08/03/2021 - The Motley Fool UK)
    I’ve been keeping a close eye on the Aston Martin Lagonda (LSE:AML) share price for a while now. I love the brand and the cars created over the years. But that’s my heart and I can’t get my head to justify an investment. Over the past month, the share price has moved 9.5% lower, compounding the 67% it’s lost over the past year. So why is it still falling? A lower Aston share price after a big loss Firstly, let’s talk through the full-year 2020 results that were released in late February. Obviously, with the Aston Martin share price down heavily, it’s logical to assume they weren’t great. Revenue came in at £611.8m, 38% lower than 2019. When I add in the costs of operations, it meant the loss before tax was £466m. This is much worse than 2019, even though the previous year also yielded a loss of £119.6m.  I was expecting Aston Martin to record a loss, but £466m is higher than I anticipated. After all, Q4 wasn’t an overly bad quarter, with revenue basically the same as Q4 last year. I can see why some investors sold out as the large loss for the year doesn’t bode well for the business as we look into 2021. One positive I can take from the report was the strong demand for the new SUV, the DBX. This is a new market sector that Aston is targeting, and so far, the order book looks healthy. But this is still a small proportion of overall sales for the brand as we stand. Looking at the details Another reason the Aston Martin share price fell was the outlook that was given. Although the CEO spoke of “era-defining cars” coming and excitement around the return of the Formula 1 team, that couldn’t disguise the other details. For example, interest paid on debt amounted to £82.3m. Even with some refinancing of £1.2bn of debt, it just kicks the can down the road slightly. As debt mounts, so do interest payments. I think this could really hinder the company over the next few years. Investors obviously digested other parts of the report and outlook, with the overall opinion being negative. If it had been positive, then the Aston Martin share price might have finished the week in positive territory. Bad results can sometimes be overlooked by the market if the future seems much more positive. One element for the years ahead that counterbalances the bad news is the move towards electric cars. I think electric cars are the future. Recent news that Aston Martin is gearing up to make a fully-electric car in the UK from 2025 is great. This could be something that gives a longer-term boost to the share price if this timeframe is kept to. But even though I love the brand, I won’t be buying any time soon. The Aston Martin share price will bottom out somewhere, but I’m not sure we’ve reached the bottom yet. A Top Share with Enormous Growth Potential Savvy investors like you won’t want to miss out on this timely opportunity… Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!). Not only does this company enjoy a dominant market-leading position… But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks! And here’s the really exciting part… While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes. That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021. Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge! More reading The Aston Martin share price: will it be a 2021 winner? FTSE 250 stock Aston Martin sees extreme share price volatility. Should I invest? This is why the Aston Martin share price has spiked 10%! The Aston Martin share price jumps! Should I buy the stock today? jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post 2 reasons why the Aston Martin share price is down almost 10% over the last month appeared first on The Motley Fool UK.
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  7. I think the Aston Martin share price could have a lot further to go (07/05/2021 - The Motley Fool UK)
    A year ago, I wrote that the Aston Martin Lagonda Holdings (LSE: AML) share price was falling “faster than a Bond villain out of a helicopter”. The company’s £4.33bn market-cap at flotation had shrunk to £542m in just 18 months, a drop of almost 90%. My conclusion? “It would need a 007 scriptwriter to get the company out of today’s tight spot.” How funny I thought I was then. But I’m not laughing now. The Aston Martin share price has since rebounded 95%. With one bound, the James Bond car maker was free! If anybody needs a better scriptwriter, it’s me. In my defence, I was writing in the gloomy early months of the pandemic, long before November’s Covid vaccine breakthrough triggered a growth stock revival. Few saw that coming in May. Bond’s car maker is back The share price revival has also been driven by a management shake-up at Aston Martin, bringing in new CEO Tobias Moers and four independent non-executive directors. In October, German car brand Mercedes Benz said it would increase its stake in Aston Martin to 20% by 2023. The group also settled its short-term liquidity needs. The Aston Martin share price has idled lately and this week ‘s first quarter results did little to change that. Yet they looked promising to me. Q1 losses before tax narrowed from £110.1m to £42.2m, year-on-year, while revenues shot up 153% to £224.4m. This was “principally due to wholesale growth and stronger pricing dynamics,” as Aston Martin reduced its dealer GT/Sport stock as planned. Wholesales jumped 134% to 1,353 units. The UK lockdown “significantly disrupted” dealer operations, but still delivered 19% year-on-year growth. The FTSE 250 group’s new luxury SUV looks like a winner, generating 55% of those wholesale sales. The group is famed for its grand tourers and sports cars, but SUVs are much bigger sellers. This could help the Aston Martin share price fire on all cylinders. Sales in China were particularly strong. Today’s Aston Martin share price tempts me But the iconic brand still has to play catch-up in the electric vehicle market. It aims to sell its new plug-in hybrid DBX from 2023, and first battery vehicle “mid-decade”.  Naturally, the Aston Martin share price is now more expensive than when I gunned it down a year ago. The market-cap is now £2bn. The company remains risky, given stiff competition in the electric car market. Past volatility can’t just be forgotten. I expect plenty more of that. The much-postponed Bond movie No Time To Die is scheduled for an October release, which should give the Aston Martin profile another boost and, with luck, its share price too. The stock remains risky, but I’d say it’s a tempting buy for the long term. Given my previous forecast, some might see that as a trigger to sell, instead. Now let’s see what’s in this year’s script. This stock also tempts me. The high-calibre small-cap stock flying under the City’s radar Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity… You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy. And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline. Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report. But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! More reading Why I think the Aston Martin share price could keep climbing Should I invest in Rolls-Royce or Aston Martin shares right now? Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post I think the Aston Martin share price could have a lot further to go appeared first on The Motley Fool UK.
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  8. Will the Aston Martin share price make a comeback? (17/05/2021 - The Motley Fool UK)
    The Aston Martin (LSE:AML) share price has had a rough couple of years. And the pandemic certainly didn’t help matters. After burning through its cash reserves and reporting increasing losses, the company has seen its stock drop by more than 80% since its 2018 IPO. But recently, the share price has been back on the rise. And over the last 12 months, it’s up by more than 180%! Is the business making a comeback? Let’s take a look. The rising Aston Martin share price I’ve previously explored why the Aston Martin share price started climbing last year. But as a reminder, earlier in 2020, the company received a £500m rescue package from Canadian billionaire Lawrence Stroll. After this, the firm began a major restructuring that saw the introduction of Tobias Moers as the new CEO. Since the last time I looked at it, Aston Martin has published its first-quarter results for 2021, and they were actually quite promising. Total revenue for the quarter surged by 153% compared to a year ago, reaching £224.4m. This growth was almost entirely organic and mainly stemmed from the immense popularity of the newly launched DBX model. Despite having a lofty price tag of £158,000, Aston Martin sold 746 of these cars. Looking at the performance of its other models, the GT line of vehicles didn’t fare as well, with total deliveries dropping by 24%. But its classic Sports line more than made up for it with 312 cars sold — a 66% increase compared to a year ago. Despite these impressive figures, the company still reported a £42.2m loss for the period. But that’s a substantial improvement compared to the £110.1m loss recorded in the first quarter of 2020. Overall, it looks like the business achieved some pretty decent results, I feel. So why did the Aston Martin share price stay basically flat on the news? The risks that lie ahead Overall, the management team remains confident in its ability to sell a total of 6,000 cars in 2021. And after these latest results, it’s 23% of the way there. While this may seem slightly behind, it’s worth noting that Aston Martin is launching two new models, the Valkyrie and V12 Speedster, in the second half of this year. However, there remains some reasonable concern surrounding the firm’s level of debt. As of the end of March, Aston Martin has just under £1.3bn of debt to contend with. That’s around 63% of the firm’s capital structure, adding a notable level of solvency risk. After all, with large debt comes a hefty interest bill estimated to be around £145m for this year. This is still a manageable amount, especially since Aston Martin has £575m of cash on the balance sheet. But this source of funds is finite. And as the business is still unprofitable, it may have to raise additional capital to afford these expenses in the future. What to do now? Needless to say, I find these latest results quite encouraging as they show signs that the strategy being employed by the new management team is working. However, I think it’s still too soon to tell for sure. And given that the Aston Martin share price hardly moved on these results, it seems other investors agree. For now, this business is staying on my watch list. But I’m excited to see how it performs throughout 2021. However, I did spot another exciting growth stock this week… A Top Share with Enormous Growth Potential Savvy investors like you won’t want to miss out on this timely opportunity… Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!). Not only does this company enjoy a dominant market-leading position… But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks! And here’s the really exciting part… While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes. That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021. Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge! More reading Will the Aston Martin share price accelerate in 2021? Can the Aston Martin share price continue to rise? Aston Martin shares fall 18% in 3 months. Should I buy now? The Aston Martin share price is falling again! Here’s what I’m doing now Despite positive results, I’m sceptical about the Aston Martin share price. Here’s why Zaven Boyrazian does not own shares in Aston Martin. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Will the Aston Martin share price make a comeback? appeared first on The Motley Fool UK.
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  9. The Aston Martin share price is falling again! Here’s what I’m doing now (08/05/2021 - The Motley Fool UK)
    Investor demand for UK shares is steadily picking up as optimism over the economic recovery grows. The FTSE 100 has just hit new 15-month highs above 7,100 points, for instance, whilst the FTSE 250 has struck fresh record peaks. The Aston Martin Lagonda (LSE: AML) share price has failed to benefit from this pick up in risk appetite though. Not even an encouraging set of financials this week has bolstered market appetite for the luxury carmaker. Indeed, the Aston Martin share price has continued its steady drop in Friday business and just hit lows not plunged since late January. Does this provide a dip-buying opportunity for UK share investors like me? Or will the Aston Martin share price continue to fall? Sales move into the fast lane Let’s look at Thursday’s first-quarter update to begin with. As I said, it gave grounds for the carmaker to be optimistic following what has been a tough few years since its IPO in October 2018. Yesterday, James Bond’s favourite carmaker reported a sharp snapback in customer demand. Revenues at the business soared 153% in the first quarter, to £224.4m. This was driven by a 134% year on year improvement in wholesale volumes (that is sales to dealerships). This clocked in at an impressive 1,353 units. Stronger pricing dynamics following the destocking of its GT and Sport models also helped the top line to soar. Losses narrow As a consequence Aston Martin’s pre-tax loss narrowed significantly in the quarter. This fell to £42.2m from £110.1m a year earlier. What’s more, a combination of cost-cutting and a recent share placing reduced the FTSE 250 firm’s net debt pile to £722.9m from £956.1m in the first three months of 2020. Demand for Aston Martin’s high-end vehicles was particularly-strong in The Americas and Asia Pacific (and more specifically China). Global sales of the carmaker’s newly-launched DBX sports utility vehicle (SUV) were especially robust, too. Indeed, SUV units of 746 accounted for more than half of all Aston Martin’s car wholesale sales in the first quarter. Additionally, sales of Aston Martin’s Sport model soared 66% year on year to 312 motors. Here’s what I’m doing about Aston Martin’s share price This week’s release provides compelling evidence that Aston Martin (and possibly its share price) has turned the corner. Sales are recovering after being gutted following the Covid-19 outbreak. The carmaker’s Project Horizon plan to improve efficiency and supercharge sales (it’s targeting wholesale sales of 10,000 a year by 2024/25) has also started with a bang. The Aston Martin share price has risen 113% over the past 12 months as investor confidence has improved. But I myself am not tempted to buy just yet. Net debt levels have fallen at the carmaker, but these still sit at uncomfortably high levels. Another heavy wave of Covid-19 infections could sweep away the sales recovery quite swiftly and put debt firmly back into focus. Aston Martin is making great progress, sure. But I’d still rather buy other UK shares at this moment. A Top Share with Enormous Growth Potential Savvy investors like you won’t want to miss out on this timely opportunity… Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!). Not only does this company enjoy a dominant market-leading position… But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks! And here’s the really exciting part… While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes. That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021. Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge! More reading Despite positive results, I’m sceptical about the Aston Martin share price. Here’s why I think the Aston Martin share price could have a lot further to go Why I think the Aston Martin share price could keep climbing Should I invest in Rolls-Royce or Aston Martin shares right now? Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post The Aston Martin share price is falling again! Here’s what I’m doing now appeared first on The Motley Fool UK.
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  10. Is the Aston Martin share price too low or should I buy other dirt-cheap UK stocks? (12/03/2021 - The Motley Fool UK)
    While the Aston Martin (LSE: AML) share price has increased in value over the past few months, it still looks cheap relative to its history. Indeed, at the time of writing, shares in the carmaker are changing hands at around 1,890p, which is significantly below the company’s IPO price of 10,914p. These figures take into account the group’s recent share consolidation.  However, past performance is no guarantee of future potential, and just because shares in Aston Martin look cheap compared to history, does not necessarily guarantee strong long-term potential.  Aston Martin share price outlook The luxury carmaker has made a string of mistakes over the past few years. It failed to match supply and demand, which led to excess production of its vehicles. It also borrowed too much money as it tried to develop new models. As a result of these two mistakes, last year, the company was forced to ask shareholders and other creditors for more money to keep the business afloat. It has also had to write off millions of pounds of excess stock. The company’s problems also resulted in a management exodus. Luckily, the group now has a high-quality management team on board. Chairman Lawrence Stroll and its new CEO Tobias Moers are both incredibly experienced business operators who have impressive track records in the luxury goods and car sectors.  I think this new management team is just what the business needs. However, I would not buy Aston Martin shares just yet. While the company’s outlook has improved over the past few months, it is still losing money. It also has a weak balance sheet, despite the recent fundraising.  Therefore, I’m going to sit on the sidelines and see how the company moves ahead over the next few months before considering a position.  Cheap UK stocks Instead of throwing my weight behind the Aston Martin share price, I think other cheap UK stocks present more attractive opportunities.  For example, I think companies like Playtech, which provides the software for gambling organisations around the world, and Ibstock, a major brick producer, have brighter long-term outlooks. Both of these companies have a competitive advantage over their competitors. Playtech is a leader in its sector, while Ibstock’s size produces strong economies of scale.  Aston Martin lacks these sorts of qualities. The group’s brand is highly regarded, but it’s not the only luxury car maker. The market is highly competitive, and it needs to work hard to maintain market share.  That’s not to say that Playtech and Ibstock are not without their risks. Rising commodity prices could put pressure on the brick maker’s margins, leading to lower profits. Meanwhile, Playtech operates in a highly regulated industry. The firm’s long-term success will always be at the mercy of regulators.  Still, compared to the Aston Martin share price, I think these UK stocks look to be the better buys. As such, I would add these companies to my portfolio today. But, I’m not in a rush to buy the luxury carmaker.  The high-calibre small-cap stock flying under the City’s radar Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity… You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy. And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline. Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report. But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! More reading Will the Aston Martin share price recover in 2021? 2 reasons why the Aston Martin share price is down almost 10% over the last month The Aston Martin share price: will it be a 2021 winner? FTSE 250 stock Aston Martin sees extreme share price volatility. Should I invest? This is why the Aston Martin share price has spiked 10%! Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Ibstock. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Is the Aston Martin share price too low or should I buy other dirt-cheap UK stocks? appeared first on The Motley Fool UK.
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  11. Will the Aston Martin share price recover in 2021? (10/03/2021 - The Motley Fool UK)
    The Aston Martin (LSE:AML) share price has been on a downward trajectory ever since its IPO in 2018. Even before the pandemic hit, the business was haemorrhaging cash and reporting increasing losses with each passing year. But recently, its share price has begun recovering. Is Aston Martin finally on track to becoming a great business? And should I be adding it to my portfolio? Let’s take a look. A new chapter for Aston Martin In early 2020, the company received a £500m rescue package from Canadian billionaire Lawrence Stroll, who now sits as executive chairman. The company is undergoing substantial restructuring under his guidance. And so far, things appear to be going well given the Aston Martin share price is up almost 75% since September last year. As part of this restructuring plan, Tobias Moers was appointed as the new CEO. He has over 25 years of experience within the automotive industry and had been chairman and CEO of Mercedes since 2013. The company is switching its strategy. It’s bringing new vehicle development in-house while using Mercedes as a key producer and supplier of bespoke engine parts. I think it’s fair to say that Tobias’s existing relationship with Mercedes certainly helped form this new partnership. The company also launched a brand new model – the Aston Martin DBX – which has a lofty price tag of £158,000. Despite the premium cost, the car appears to be very popular, with more than 1,200 sold in the last quarter of 2020. Why did the Aston Martin share price rise? The business recently released its final results for last year, and at first glance, they were pretty dreadful. Net losses increased by nearly four times to £466m. The number of cars sold to dealerships and wholesalers dropped by 32% and 42%, respectively. And to top it all off, £98m of R&D technology was written off as part of its new strategy. Needless to say, this does not exactly indicate a thriving business. So why did the share price go up? While the overall results were poor, some promising trends emerged. Thanks to the new DBX model’s popularity, total revenue actually increased by 3%, even though the total number of cars sold dropped by around a third. Subsequently, management has forecast that 6,000 cars will be sold in 2021. Half of which will be the new DBX model. This is actually 20% lower than the previous year. But the premium-price of the DBX means that if the company hits this target, it will become profitable again for the first time in five years. The bottom line The preliminary results of the new strategy indicate to me that Aston Martin is heading in the right direction. But there are still many challenges ahead. The most prominent of which is its level of debt. The firm has over £1.1bn of loans to repay. And so, even if the firm achieves profitability, it may take some time for the balance sheet to become healthy again. That means it could take time for the share price to fully recover, even if it rises further this year.  Therefore, I won’t be adding Aston Martin to my portfolio today, but I’ll definitely be keeping an eye on how it performs over the next few quarters. However, there is another stock that I believe is set to explode in 2021. Here is: A Top Share with Enormous Growth Potential Savvy investors like you won’t want to miss out on this timely opportunity… Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!). Not only does this company enjoy a dominant market-leading position… But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks! And here’s the really exciting part… While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes. That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021. Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge! More reading 2 reasons why the Aston Martin share price is down almost 10% over the last month The Aston Martin share price: will it be a 2021 winner? FTSE 250 stock Aston Martin sees extreme share price volatility. Should I invest? This is why the Aston Martin share price has spiked 10%! The Aston Martin share price jumps! Should I buy the stock today? Zaven Boyrazian does not own shares in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Will the Aston Martin share price recover in 2021? appeared first on The Motley Fool UK.
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  12. Why I think the Aston Martin share price could keep climbing (18/04/2021 - The Motley Fool UK)
    After several years of giving the company a wide berth, I turned positive on the Aston Martin (LSE: AML) share price in the middle of last year.  While the company is still losing money, I’m encouraged by its new management team. Decisions to buy back all excess cars from dealers, reinforce the balance sheet with new equity, and launch new vehicles seemed to be the right ones.  And so far, the market has responded positively to the company’s turnaround. Over the past year, the Aston Martin share price has increased in value by around 53%. As it pushes ahead with its turnaround programme, I think the stock could have further to go.  Aston Martin share price outlook When I look at Aston, I think the company could become the next Ferrari when it comes to profitability and sales growth. Its brand might not be worth as much as the Italian supercar maker, but it remains one of the most valuable brands in the UK. It’s also one of the most valuable supercar brands in the world.  I think this gives the company strong foundations from which to grow in the years ahead.  That’s not to say it’s going to be easy for the group from here. Aston needs to continue to produce cars people want to buy. That means it needs to invest in research and development. For a company that has so much debt and has lost so much money in the past, this could be a problem. It also faces fierce competition from other carmakers, which are constantly fighting for market share.  The scale of the business’s challenges are evident in the City’s projections for group earnings in the next few years. Even though analysts expect sales to increase by more than 20% from 2019 levels by 2022, the group is still anticipated to lose £131m, which’s £5m more than the loss reported for 2019. These figures alone make it clear to me that the Aston Martin share price faces a challenging future.  Of course, these are just projections at this stage. The company is not guaranteed to hit these projections. Nevertheless, I think they show the scale of the challenge facing the enterprise.   Significant challenges While the company has a tremendous opportunity in front of it, I think it also faces some significant challenges in the years ahead. As such, I believe this is a multi-year turnaround story. It could be three to five years before the organisation’s growth initiatives start to yield results. In the meantime, the Aston Martin share price may encounter volatility.  However, I’m optimistic that the business can overcome its challenges over the long term, especially with its new management team, which has so much experience in the luxury goods industry, overseeing things.  And with that being the case, I would buy the stock for my portfolio today. Due to the risks facing the enterprise, I would limit the investment to a relatively small amount of my portfolio. This would help limit risk while maximising upside potential if everything goes right for the company over the next three to five years.  FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading Should I invest in Rolls-Royce or Aston Martin shares right now? Rupert Hargreaves owns no share mentioned. The Motley Fool UK recommends the following options: long December 2021 $130 calls on Ferrari. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Why I think the Aston Martin share price could keep climbing appeared first on The Motley Fool UK.
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  13. The Aston Martin share price: will it be a 2021 winner? (03/03/2021 - The Motley Fool UK)
    Lawrence Stroll has been in the news this week, outlining his lofty visions for the future of Aston Martin Lagonda (LSE: AML). As the famous British marque is about to adorn its first Formula 1 car in more than 60 years, I’m pondering what this might all mean for the Aston Martin share price. The Canadian billionaire made his fortune in the luxury brands business. And now he says he wants to build “the strongest profile of any luxury automotive brand” for Aston Martin. When you’re in a world that includes Ferrari, that’s not a trivial task. The recent past has most certainly not been glorious. After initial public offering (IPO) in October 2018, the AML share price promptly went on a slide. It had dropped 95% by May 2020. And that makes me think of the seven times Aston Martin has gone bust in its 108-year history. Aston Martin share price recovering slowly Since then, Stroll has stepped in with his backing investors and taken over the reins of the company. It’s a slimmed down operation now, and the cash haemorrhage has been reduced to a relative trickle. And the shares have put in something of a recovery. Since that low point, they’ve trebled in value. To put that into perspective, mind, we’re still looking at an 82% fall since the IPO. I join many investors in thinking that an IPO is a bad time to invest in a company, and Aston Martin could be the poster child for what can go wrong. Full-year results released on 25 February gave the Aston Martin share price a brief boost on the day, but that quickly fell back. Results for 2020 were in line with expectations, the new management team appears to be firmly embedded in place and backed by its new investor funding. The DBX model launch seems to have gone well too, with 1,516 sold into the wholesale market by the end of the year. That’s not quite the same as would-be grand prix champions actually driving them on the roads, but I think it is a satisfying sign of progress. A financial corner turned? On the financial front, Q4 perhaps saw something of a key point. Adjusted EBITDA turned positive, after revenue growth in the firm’s strongest quarter. But the bigger picture still makes me very uncertain about the AML share price. Total revenue for the year was still down, by 38%. And AML recorded a statutory operating loss of £323m. And net debt stands at £727m. Looking forward, I do have my concerns about the luxury car market and the growing movement to ban fossil fuel vehicles. I honestly don’t know much about battery-powered supercars. But I do fear that the market will face pressure as we approach the various carbon-based phase-out dates in the coming decade and beyond. Will Lawrence Stroll be able to turn Aston Martin into the Ferrari of the electric vehicle world? I just see too much uncertainty, coupled with my insufficient expertise, to consider buying. A Top Share with Enormous Growth Potential Savvy investors like you won’t want to miss out on this timely opportunity… Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!). Not only does this company enjoy a dominant market-leading position… But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks! And here’s the really exciting part… While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes. That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021. Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge! More reading FTSE 250 stock Aston Martin sees extreme share price volatility. Should I invest? This is why the Aston Martin share price has spiked 10%! The Aston Martin share price jumps! Should I buy the stock today? Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK recommends the following options: long December 2021 $130 calls on Ferrari. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post The Aston Martin share price: will it be a 2021 winner? appeared first on The Motley Fool UK.
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  14. This is why the Aston Martin share price has spiked 10%! (25/02/2021 - The Motley Fool UK)
    The Aston Martin Lagonda (LSE: AML) share price has leapt on Thursday following the release of full-year results. Up around 10% on the day, the luxury carmaker has broken through the £22 per share barrier once again. It’s now trading at its most expensive since the beginning of February. Unsurprisingly, Aston Martin’s trading in 2020 was something of a horror show. Total revenues collapsed 38% year-on-year to £611.8m as Covid-19 smashed demand for its premium vehicles. Retail sales plummeted almost a third, to 4,150 vehicles, it said. And wholesale sales (sales to dealerships) tanked 42% to 3,394. As a consequence, Aston Martin’s pre-tax losses ballooned from 2019 levels. This came in at £466m versus the £119.6m loss it racked up in 2019. But poor sales weren’t the only reason why the carmaker’s bottom line took a battering last year. Aston Martin also had to write off a whopping £98m which was primarily due to “the impairment of capitalised R&D due to technology and cycle plan changes,” it said. This reflects, in large part, the scrapping of the company’s planned Rapide E electric vehicle. Aston Martin’s sales improve In better news, Aston Martin explained that trading has picked up significantly in recent months. This accounts for the positive reception to today’s trading statement and the subsequent share price explosion. The sportscar maker said revenues were up 3% in the final three months of 2020. This is even though sales volumes continued to contract on an annualised basis. Retail sales sunk 15% to 1,398 cars while wholesale sales dropped 4% to 1,839 vehicles. Aston Martin said fourth quarter turnover benefitted from a full quarter of deliveries of its best-selling DBX sports utility vehicle. It also saw the number of Special vehicle sales more than treble between October and December from the previous quarter. A bold outlook Aston Martin struck an optimistic tone for the year ahead too. It expects to make wholesale sales of 6,000 this year, up around three-quarters from last year’s levels. It also expects to report an adjusted EBITDA margin in the “mid-teens”, it said. The car manufacturer announced ambitious plans to supercharge sales by the middle of the decade too. It intends to increase wholesale sales to 10,000 units by 2024/2025, it said. And it has its sights set on making £2bn worth of revenue, and around £500m in adjusted EBITDA by then. As for this year, Aston Martin said “the uncertainty surrounding the duration and impact of the pandemic on the global economy continues, with the pace of emergence from lockdown and recovery in consumer demand varying significantly across geographies.” But it also said trading to date has been in line with expectations. City analysts reckon Aston Martin will remain loss-making in 2021. But they expect pre-tax losses to narrow to £194m. More losses are anticipated for 2022 too, although they’re predicted to narrow again, to £159m. A Top Share with Enormous Growth Potential Savvy investors like you won’t want to miss out on this timely opportunity… Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!). Not only does this company enjoy a dominant market-leading position… But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks! And here’s the really exciting part… While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes. That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021. Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge! More reading The Aston Martin share price jumps! Should I buy the stock today? Will Aston Martin’s shares ever return to pre-pandemic levels? Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post This is why the Aston Martin share price has spiked 10%! appeared first on The Motley Fool UK.
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  15. Should I invest in Rolls-Royce or Aston Martin shares right now? (13/04/2021 - The Motley Fool UK)
    Both Aston Martin  (LSE: AML) and Rolls-Royce (LSE: RR) are stalwarts of British engineering. However, both their share prices are telling me very different stories. As these two stocks power in different directions, I’m asking which one I should invest in right now. Aston Martin Traditionally associated with speed, luxury, and James Bond, Aston Martin is a long way from its previous heights. Since IPOing in 2018 at 10,914p, the Aston Martin share price has fallen to around 2,030p. However, in the 12 months, the luxury carmaker has made a comeback, rising 45% from 1,401p to 2,030p. Though this price doesn’t scream buy for me, the company is definitely heading in the right direction. I am most impressed with its new and improved management team, including chair Lawrence Stroll and new CEO Tobias Moers. These two experienced business operators have improved the company’s outlook significantly, while Stroll seeks to revamp Aston Martin’s reputation. After leading a £500m takeover of Aston Martin last year, Stroll has rebranded his Formula 1 team under the manufacturer’s name. The strategy is twofold: bring success to the track, which will help transform the fortunes of this ailing brand.  While all of these are exciting developments, I believe that Aston Martin is still a risky investment. The luxury carmaker has made a string of mistakes over the past few years. It failed to match supply and demand, which led to excess production of its vehicles. It also borrowed too much money as it tried to develop new models. As a result of these two mistakes, last year, the company was forced to ask shareholders and other creditors for more money to keep the business afloat. It has also had to write off millions of pounds of excess stock.  I definitely need to see a bit more innovation and electric vehicle investment before I invest. In the meantime, my foolish colleague Rupert has some other dirt-cheap UK stocks as alternatives. Rolls-Royce Two weeks ago I was asking myself if I should buy Rolls-Royce shares. Over the last 12 months, the Rolls-Royce share price is down by almost 10% to 111p from 120p.  Rolls-Royce actually accrued losses of £4bn in 2020. However, this company is a leading aerospace player, and that’s where my bullish attitude comes in. Once lockdown ends and full flight normality returns, a lot of airplanes will need maintenance. Rolls-Royce sold £3.2bn of civil aircraft engines in 2019 and recorded a further £4.9bn in service revenues for the sector. Even in 2020, with Covid-19 severely limiting flights worldwide, service revenues came in at £2.8bn. There is still a major risk that the airline industry could be irreparably damaged for years to come. With European Covid-19 cases on the rise, there is a real danger of prolonged flight grounding. This will severely affect its bottom line.  Despite these bear cases, I’m firmly set on adding Rolls-Royce to my shortlist due as I believe its aerospace strength makes it worth the risk.  “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner. But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared. What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! More reading This is what I’d do about the Rolls-Royce share price right now! What I’d do about Rolls-Royce Holdings shares now Will the Rolls-Royce share price bounceback in 2021? Will the Rolls-Royce share price keep climbing? Hargreaves Lansdown investors are buying Rolls-Royce shares and IAG. Here’s what I’d do The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Should I invest in Rolls-Royce or Aston Martin shares right now? appeared first on The Motley Fool UK.
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  16. FTSE 250 stock Aston Martin sees extreme share price volatility. Should I invest? (26/02/2021 - The Motley Fool UK)
    Brands don’t come much more iconic than FTSE 250-listed Aston Martin Lagonda Global Holdings (LSE:AML). It exudes the essence of luxury and is James Bond’s vehicle of choice. However, the stylishly enticing brand has plenty of financial failings. The British independent manufacturer of luxury sports cars and grand tourers has an insane commercial history. In fact, it’s faced bankruptcy no less than seven times. Can desirability alone sustain this FTSE 250 stock? In its preliminary results for the 12 months to 31 December 2020, total revenue fell 38%. And it reported a pre-tax loss of £466m. The company also wrote off £98m after abandoning plans to introduce its Rapide E electric vehicles and other products. The R&D time and money spent on these projects is now lost. Car manufacturing is a very pricey business and luxury vehicles even more so. This week the company also launched a £70m debt offering in secured notes due 2025. The company now has a market value of £48.8bn and earnings per share are negative. Canadian billionaire Lawrence Stroll bailed the company out in a £500m rescue package in January 2020, and new leadership is now implementing a turnaround plan. Unfortunately, the pandemic has thrown a spanner in the works of its progress, but many investors remain bullish for the future. The company has only been publicly listed on the FTSE 250 since October 2018. And the trajectory of the Aston Martin share price is a depressing sight indeed. Unfortunately, its share price has come crashing down 94% since initial public offering (IPO). And the Aston Martin share price saw extreme volatility throughout 2020 as the Covid-19 pandemic crushed its revenue streams.  Aston Martin looks ahead On a more positive note, Aston Martin successfully launched its DBX line of luxury SUVs. These cost £158k each. It’s enjoying strong customer demand and plans its first new DBX variant in Q3 2021. It’s also proved to be well prepared for Brexit. To-date, manufacturing operations have not been jolted by any supply chain disruption. This seems to be enough to encourage investor interest as the Aston Martin share price has been rising since the results came out on February 25. The company hopes to sell around 6,000 cars this year, lifting this to 10k by 2024 or 2025. Research and studies have shown worldwide growth in wealth, which is what many luxury brands are banking on to boost future sales. But if this slows or inflation rears its ugly head, then it could hamper luxury sales growth.  Founded in 1913, Aston Martin has a distinguished heritage fraught with difficulties. While it’s easy to get caught up in the glamour and desirability of the brand, that alone can’t guarantee shareholder riches. I can’t forget it’s risen from the ashes of all those bankruptcies, each of which will have cost investors dearly. The FTSE 250 supercar maker issued close to £250m in shares last year to raise cash, besides raising $1.1bn at a costly interest rate of 10.5%. I think it’s more likely that the company would further dilute the share price with another share offering before opting for bankruptcy again if times got really tough. Hopefully, it won’t come to that and it will instead pull off an amazing financial transformation. Nevertheless, I’m not willing to take the risk. Therefore, I won’t be adding Aston Martin shares to my Stocks and Shares ISA anytime soon. For regular stock market investing ideas and help choosing the best shares to buy now, sign up to The Motley Fool today. FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading This is why the Aston Martin share price has spiked 10%! The Aston Martin share price jumps! Should I buy the stock today? Will Aston Martin’s shares ever return to pre-pandemic levels? Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post FTSE 250 stock Aston Martin sees extreme share price volatility. Should I invest? appeared first on The Motley Fool UK.
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  17. Despite positive results, I’m sceptical about the Aston Martin share price. Here’s why (07/05/2021 - The Motley Fool UK)
    The last time I wrote about Aston Martin Lagonda (LSE:AML) was back in March. I was discussing the fall of almost 10% seen that month in the Aston Martin share price. That compounded the slump that has seen shares drop almost 90% over the past two years. This week we got the results for the first quarter of 2021. This was definitely a step in the right direction, but I’m still very uncertain about investing my hard-earned money in the stock.  News from the trading update The trading update released yesterday noted that Q1 performance was “in line with expectations”. Revenue came in at £224.4m, up 88% from the same quarter last year. The loss before tax also shrank considerably to £42.2m versus the loss of over £110m in Q1 2020.  Wholesale growth jumped due to higher demand, in particular thanks to SUVs. The DBX model represented 55% of car units, and it looks like it could be a desirable car for affluent consumers into the future. Other special-edition vehicles such as the Vantage F1 and the Valkyrie are due out soon. The other good news I noted was the move back to a positive net cash flow. This time last year it was negative to the tune of £92.5m, but is now back to a positive figure of £24.2m. This highlights to me that Aston Martin is managing its finances better and has less short-term stress on the books. The Aston Martin share price rose modestly after the announcement, up 1%. However, over the course of the week, the shares are still slightly down.  My outlook for the share price Even with the above positive points, I’m struggling to want to buy the shares. The improvements in results are good, but at an absolute level, they’re still not great. For example, take debt levels. Net debt has shrunk, largely due to higher cash levels. Yet it’s still at a very high level of £722.9m. This dwarfs the quarterly revenue figure. The debt taken on over the past couple of years was always going to be a long-term problem. I understand why it was needed, but just because it has started to fall doesn’t mean the company is out of the woods yet. Another concern I have is around the bottom line. Investors can focus on revenue growth and exciting models being released, but the business is still loss-making. I mentioned above how the loss before tax shrank versus last year, but it’s still losing circa £40m on revenue of £225m. This is a large mismatch and something that I think shows that the Aston Martin share price isn’t ready for a prolonged rally. I could be wrong, and the quarterly results could snowball into a better H1 performance. But the lack of a move higher this week in the share price tends to make me think that investors agree with my thoughts at the moment. A Top Share with Enormous Growth Potential Savvy investors like you won’t want to miss out on this timely opportunity… Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!). Not only does this company enjoy a dominant market-leading position… But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks! And here’s the really exciting part… While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes. That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021. Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge! More reading I think the Aston Martin share price could have a lot further to go Why I think the Aston Martin share price could keep climbing Should I invest in Rolls-Royce or Aston Martin shares right now? jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Despite positive results, I’m sceptical about the Aston Martin share price. Here’s why appeared first on The Motley Fool UK.
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  18. Should I buy these UK shares in a Stocks and Shares ISA? (18/05/2021 - The Motley Fool UK)
    Broader appetite for UK shares remains extremely fragile following last week’s heavy stock market falls. Both the FTSE 100 and FTSE 250 are up only fractionally in Tuesday business. And it’s possible that more shocking drops could be around the corner. That said, I’m still on the hunt for some of the best stocks to buy for my Stocks and Shares ISA today. Should I add the following two UK shares to my portfolio? A top UK turnaround share? Latest financials from Aston Martin Lagonda (LSE: AML) suggest that the luxury carmaker might be turning the corner after 2020’s disasters. The FTSE 250 firm shifted more than double the number of motors in January to March than it did a year earlier. Provided there are no more Covid-19 lockdowns, the future looks quite bright for Aston Martin and its share price. Research from Knowledge Sourcing Intelligence suggests that the global sports car market will be worth $56.3bn by 2025. Compare that with the $31.6bn it was estimated at in 2019. That said, I’m not tempted by the Aston Martin share price in the hope that more coronavirus disruption doesn’t occur. Infection numbers are steadily falling but the battle against the pandemic is far from won. This is a massive concern for the carmaker that still has more than £700m of net debt on its books. That being said, I like the immense brand power of the British marque (it sits joint-second on a list of the UK’s most popular car brands, according to YouGov). And I’m encouraged by its move into the rapidly-growing SUV space as well. I might revisit the carmarker later down the line but for the time being I’ll sit on the sidelines. A better ISA buy I’m sorely tempted to invest in penny stock Gaming Realms (LSE: GMR) today, though. This UK tech share makes casino and arcade games and then licences them out to gambling companies (its most famous games franchise is the highly-popular Slingo, a format that combines elements of bingo and slots). It therefore has a robust position in a genre that’s booming in popularity. According to Statista, casino gaming was the fastest-growing genre among mobile phone users in the US in the first half of 2020. Downloads of these games rocketed 39.1% year-on-year in the period. I think that Gaming Realms is packed with promise. But it’s worth remembering that penny stocks (this UK share trades around 39p) can be prone to extreme price volatility. Even a small number of sale orders can cause a share price to fall off a cliff. Indeed, this particular share has fallen almost 20% in value over the past month alone. Aside from company-specific factors, there are several significant macroeconomic factors (we’re talking about the fight against Covid-19 and signs of soaring inflation here) that could prompt fresh waves of share price weakness in the short term and beyond. A Top Share with Enormous Growth Potential Savvy investors like you won’t want to miss out on this timely opportunity… Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!). Not only does this company enjoy a dominant market-leading position… But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks! And here’s the really exciting part… While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes. That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021. Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge! More reading Will the Aston Martin share price make a comeback? Will the Aston Martin share price accelerate in 2021? Can the Aston Martin share price continue to rise? Aston Martin shares fall 18% in 3 months. Should I buy now? The Aston Martin share price is falling again! Here’s what I’m doing now Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Should I buy these UK shares in a Stocks and Shares ISA? appeared first on The Motley Fool UK.
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  19. The Margin: Here’s what fans think of ‘Game of Thrones’ coming to Broadway (31/03/2021 - Market Watch)
    George R.R. Martin is writing a prequel featuring Ned Stark and Jaimy Lannister for Broadway, London's West End and Australia
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  20. Why I’m watching the Aston Martin share price this week (23/02/2021 - The Motley Fool UK)
    While Aston Martin (LSE: AML) cars are highly prized objects, the same isn’t always true of the automaker’s shares. The Aston Martin share price has sometimes moved fast, but not necessarily in the desired direction. After a rough couple of years, shareholders who bought into the 2018 offering continue to nurse losses. Recently shares have picked up somewhat, increasing 15% since the beginning of this year and doubling since October. However, they are still down over the past 12 months. I expect the share price might move again in coming days. Here’s why. Full-year results On Thursday morning, the company is scheduled to release full-year results to the market. Arguably, this ought not to impact the shares much. After all, we have already had results for three-quarters of the year so in broad terms know roughly what to expect. But the company has generated a lot of headlines over the last few months. From its share dilution as part of using some Mercedes-Benz technology to its marketing involvement in motor racing, there has been a lot for shareholders to absorb. I wouldn’t be surprised if that continues in the full-year results. The chief executive took up his role in August and has set out an aggressive approach to righting the challenges faced by Aston Martin. The full-year results presentation would be an obvious opportunity to set out management’s current thinking and what it could mean for the Aston Martin share price. It will also be interesting to see how sales are holding up. The storied brand launched its first SUV, the DBX, last year. Full-year sales data will be pored over by analysts. It’s not only important what stock is put into dealerships, but also what demand has been from buyers. So far there have been some promising signs, such as a high level of interest in China. The results will be hard evidence of whether the DBX programme will deliver. That matters because the company has a lot riding on its success, having built a new factory in Wales especially for the DBX. Why the Aston Martin share price doesn’t attract me I continue to feel that Aston Martin shares do not match my personal risk appetite. It is true that the shares have gained sharply recently. If the results on Thursday are better than expected, they could continue their ascent. However, the long-term struggle facing the company remains the same. It still needs to show that it has a viable, profitable plan for producing cars enough customers want. Its financial difficulties to date have led to a huge dilution in shares. It also added a lot of debt to its balance sheet last year. It is being charged double-digit interest on the debt it agreed last year. Not only is that a sign of its perceived risk, it will also weigh heavily on results. Even if the DBX programme is a major success, the company will need to spend tens of millions of pounds a year just to service its debt. That could hurt the Aston Martin share price in future. On Thursday I’ll be looking for sales data and financial news, especially on the balance sheet. If the news is good, the shares may jump – but I won’t be buying. FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading 2 cheap UK shares to buy now Royal Dutch Shell shares: should I buy today? BP share price: how the company is planning to profit from this promising green technology My passive income list really is this simple HSBC share price: can it bounce back? christopherruane has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Why I’m watching the Aston Martin share price this week appeared first on The Motley Fool UK.
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  21. The Aston Martin share price jumps! Should I buy the stock today? (25/02/2021 - The Motley Fool UK)
    The Aston Martin (LSE: AML) share price has jumped in early deals this morning. At the time of writing, the stock is up nearly 11% on the day. This rapid increase comes despite the publication of the group’s 2020 results. For the year, losses at the business increased by almost 400%. However, it appears the market is looking past this red ink and focusing more on Aston’s potential. In the final quarter of 2020, sales increased by 3% compared to the same period in 2019, thanks to the launch of its new DBX SUV. This could be a sign of things to come.  Aston Martin share price performance Today’s performance looks less impressive compared to the stock’s return over the past year when shares in the company lost 6%. That compares to a loss of 3% for the FTSE All-Share Index over the same time frame.  What’s more, since its IPO in October 2018, the stock has underperformed the FTSE All-Share by around 94%, excluding dividends.  Since the IPO, the corporation has really struggled to live up to expectations. The group bled red ink, and its balance sheet got weaker and weaker. Including the loss reported today, the company has reported losses of £638m since listing. Things came to a head last year. The company had to conduct an emergency fundraising and complete a management clear-out.  The carmaker is now under the leadership of Canadian billionaire Lawrence Stroll who’s presiding over the rescue of the business. Stroll wants to reduce the carmaker’s output and restore the exclusivity of the brand. To that end, the firm wrote off £100m of stock and vanity projects last year. The number of cars sold in 2020 declined by around a third, which is part of Stroll’s ambition to increase exclusivity, although the group is planning to increase output in 2021.  Facing challenges  Only time will tell whether or not the business has moved on from its troubles. As today’s figures show, Aston Martin is still bleeding money, and there’s no guarantee this will end anytime soon. Stroll has an impressive CV, having turned around luxury brands such as Pierre Cardin and Polo Ralph Lauren. But Aston Martin has always been a struggling enterprise. In its 107 year history, it’s been bankrupt seven times. It narrowly avoided another bankruptcy last year.  One of the company’s main problems is debt. It has a lot of it. And it’s forking out tens of millions of pounds every year in interest costs. Aston Martin isn’t going to be able to pay its creditors back if it keeps losing money. Still, Stroll seems confident the corporation has turned a corner. Alongside today’s results, he said he was “extremely pleased with the progress to date despite operating in these most challenging of times.” He also said he was fully committed to the company’s turnaround plan. As such, I’m cautiously optimistic about the outlook for the Aston Martin share price. However, I wouldn’t buy the stock today. I’d like to see further progress before initiating a position, which means an end to its massive losses. Until that happens, I’m going to stay away.  The high-calibre small-cap stock flying under the City’s radar Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity… You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy. And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline. Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report. But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! More reading Will Aston Martin’s shares ever return to pre-pandemic levels? Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post The Aston Martin share price jumps! Should I buy the stock today? appeared first on The Motley Fool UK.
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  22. Lockheed Martin Corporation (LMT) Q1 2021 Earnings Call Transcript (20/04/2021 - AlphaStreet)
    Lockheed Martin Corporation (NYSE: LMT) Q1 2021 earnings call dated Apr. 20, 2021 Presentation: Operator Good day, and welcome, everyone, to the Lockheed Martin First Quarter 2021 Earnings Results Conference… This content is for members only. Visit the site and log in/register to read.The post Lockheed Martin Corporation (LMT) Q1 2021 Earnings Call Transcript first appeared on AlphaStreet.
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  23. London keen to drive EdTech collaboration with India forward: Janet Coyle, MD at London & Partners (02/03/2021 - Financial Express)
    In an exclusive interaction with Financial Express Online’s Bulbul Dhawan, London & Partners Managing Director for Business Janet Coyle spoke about the partnership between London and India in the EdTech sector.
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  24. London Markets: Pound reaches for new high atop $1.42, weighing on London stocks (24/02/2021 - Market Watch)
    Commodity-related stocks rose in London, but gains couldn't compensate for a strong pound on Wednesday.
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  25. London Markets: London stocks up modestly after U.K. budget announcement (03/03/2021 - Market Watch)
    London stocks were easing back from a stronger start as the U.K. budget message delivered a tax hike for corporates, though home builders and hospitality companies rose.
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  26. Single dose of Pfizer in Covid-19 survivors boosts response against key strains, says study (04/05/2021 - Financial Express)
    These findings were published in the journal Science and were led by researchers at Imperial College London, Queen Mary University of London, and University College London.
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  27. London Markets: Marks & Spencer shares surge in otherwise sluggish London market (26/05/2021 - Market Watch)
    Shares of retailer Marks & Spencer rose in London, after well-received results, but banks fell, and British Land got hit by earnings.
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  28. London Markets: Miners drag on FTSE 100 as copper and iron prices fall, but London stocks continue to rebound (14/05/2021 - Market Watch)
    Stocks in London pushed higher on Friday, rebounding from a selloff in the U.S. that spread across European markets this week, though shares in a number of major mining companies dragged on gains.
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  29. London Markets: Miners drag on FTSE 100 as copper and iron prices fall, but London stocks continue to rebound (14/05/2021 - Market Watch)
    Stocks in London pushed higher on Friday, rebounding from a selloff in the U.S. that spread across European markets this week, though shares in a number of major mining companies dragged on gains.
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  30. London Markets: Travel stocks under pressure in London as investors monitor Bristol COVID-19 variant (12/02/2021 - Market Watch)
    London stocks were headed for weekly gains, but the FTSE 250 was looking at a loss as travel-related names took a hit amid worries about yet another potential strain of the coronavirus that causes COVID-19.
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  31. Why did the Alphawave share price crash 20% on IPO? (14/05/2021 - The Motley Fool UK)
    Alphawave (LSE: AWE) took a brave gamble floating on the London Stock Exchange on Thursday. The Canadian computer chip designer shunned the Nadaq in New York, which is a natural home for high-tech companies, and plumped for a listing in the UK. But within hours of its introduction at 410p, the Alphawave share price had crashed by 24%. The shares did recover some of the loss by the time the market closed, ending on a 10% drop. But why such a disappointing start to life as a quoted company? Some commentators have suggested it’s a reflection of a lack of appetite for tech stocks among UK investors, and that London is hostile to new high-tech ventures. Or are flotations like this usually led by US investors, who are focused on their home markets and don’t go for overseas listings? Why I don’t buy at IPO Perhaps it’s just a UK aversion to IPOs in general. We do, as it happens, have a record of some spectacular flops. The one uppermost in my mind is Aston Martin Lagonda, which came to market in London in 2018. Never mind the 20% fall for the Alphawave share price, Aston Martin went into a prompt nosedive. Within its first two years, its shares lost 90% of their initial value. Then, more recently, we had Deliveroo and another impressive slump. Since its market debut at the end of March, Deliveroo shares are down 40%. The great majority of flotations I’ve seen in my time have been in negative territory a year later — often alarmingly sooner. So why are stock flotations in the UK apparently such poison? Generally, I won’t buy at IPO. The reason is they aren’t intended to benefit me, the buyer. No, the intention is to raise as much cash for the current owners as possible. And the timing and pricing are set to try to maximise that. With Alphawave, the timing comes during a period of global chip shortages and rising demand. But if the timing looks good, that suggests the initial Alphawave share price was wrong. Alphawave share price steadying? But by the standards of many I’ve seen, I reckon Alphawave is actually off to a fairly decent start. The first day did begin badly, but I’m buoyed by seeing the pull-back later in the day. That close just 10% down suggests there’s a reasonable bit of support for the Alphawave share price out there, and the longer-term could be a lot better. So would I buy Alphawave now? Well, I haven’t had a tech stock in my portfolio for some time, and that’s a gap I’d like to fill. The growing demand and increasing chip shortages could mean a good future for designers and suppliers in the industry too. The problem with Alphawave is that I don’t have any fundamental valuations to go on. And I’d prefer to wait and see how the Alphawave share price settles too, at least over the next few months. But I do think it has potential… and it’s on my watch list. FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading Airbnb shares fall after the latest results. Is this a dip I should buy? US inflation rises at its fastest rate since 2008 2 stocks I’d buy over Rolls-Royce Can the BP share price continue to surge? The Lloyds share price is up 60% in a year! And I still think it’s good value Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Why did the Alphawave share price crash 20% on IPO? appeared first on The Motley Fool UK.
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  32. London Markets: Tech selloff hits these London-listed stocks as a Tesla-heavy fund tumbles (23/02/2021 - Market Watch)
    The selloff in tech stocks hit the London market on Tuesday, with the sector dragging down the U.K.’s benchmark index as investors exit companies that have been among the biggest winners through the COVID-19 pandemic.
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  33. London Markets: Global selloff hits London stocks as commodity prices fall (26/02/2021 - Market Watch)
    London markets were in the red on Friday, unable to sidestep a global equity selloff even as the index has plenty of names exposed to the global economic recovery.
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  34. London Markets: Darktrace soars in London debut, while tobacco stocks climb on reports of billionaire taking stakes (30/04/2021 - Market Watch)
    London stocks held to gains, helped by strong performances by AstraZeneca and two tobacco companies. Also in the spotlight was a stunning debut for Darktrace.
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  35. London Markets: Home builders in London take a hit after government announces taxes on developers (10/02/2021 - Market Watch)
    Home-building shares fell in London on Wednesday, after housing secretary Robert Jenrick announced new taxes on developers to pay for a government plan to remove unsafe cladding from high rises, after the deadly Grenfell Tower fire of 2017.
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  36. London Markets: Dividend party from commodities giants Glencore and BHP adds strength to London stock market (16/02/2021 - Market Watch)
    Positive earnings and big dividend payments have investors cheering on mining and metals titans Glencore and BHP, giving strength to the London market on an otherwise subdued day of European stock trading.
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  37. London Markets: SoftBank’s $2.3 billion deal pushes shares in e-commerce group higher as London stocks slump (11/05/2021 - Market Watch)
    Japanese investment giant Softbank’s $2.33 billion investment in THG prompted shares in the online fashion retailer to soar on Tuesday, far outpacing other stocks in London, which faced a down day of trading.
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  38. London Markets: FTSE 100 under pressure, but BT surges after mobile spectrum auction (17/03/2021 - Market Watch)
    A Federal Reserve meeting outcome is also keeping investors on the sidelines in London.
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  39. LMT Earnings: Key numbers from Lockheed Martin Q1 2021 financial results (20/04/2021 - AlphaStreet)
    Lockheed Martin Corp. (NYSE: LMT) today reported its first quarter financial results for the period ended March 28, 2021. Net income for the first quarter was $1.8 billion, or $6.56 per share, compared to net income of $1.7 billion, or $6.08 per share in the first quarter of 2020. Net revenues increased 4% to $16.3 billion. Shares down nearly 1% during the pre-market hours following the earnings announcement. The post LMT Earnings: Key numbers from Lockheed Martin Q1 2021 financial results first appeared on AlphaStreet.
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  40. London Markets: Anglo American’s coal spinoff slumps in London debut (07/06/2021 - Market Watch)
    Anglo American's thermal coal mining spinoff, Thungela Resources, is named after the isiZulu word for "to ignite," but it did the exact opposite in its trading debut on the London Stock Exchange.
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  41. London Markets: Metals and mining stocks battered in London trading as iron and copper prices tumble (09/03/2021 - Market Watch)
    Metals and mining stocks were the worst-performing sector on London’s FTSE 100 index on Tuesday, as a fall in copper and iron prices weighed on a basket of major producers that are listed in the U.K.
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  42. London Markets: London stocks pinned down by Pershing Square Holdings, banks and travel companies (04/06/2021 - Market Watch)
    London stocks were set to end the week with a small gain, with losses for banks and energy names and for investment fund Pershing Square Holdings, while travel-related names continued to suffer on new rules for traveling to Portugal.
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  43. : Shares in David Beckham-backed cannabis company soar on London debut (26/02/2021 - Market Watch)
    Cellular Goods' stock spiked 310% after it raised $18.4 million on the London Stock Exchange.
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  44. London Markets: U.K. job vacancies jump in March ahead of reopening, as unemployment rate falls for second month (20/04/2021 - Market Watch)
    The number of job vacancies in the U.K. jumped 16% from February to March, the Office for National Statistics said on Tuesday, as a wave of labor market data showed that the unemployment rate fell unexpectedly for the second month in a row.
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  45. : Why the U.K. is set to ease IPO rules (03/03/2021 - Market Watch)
    A review commissioned by the U.K. government suggests an overhaul of the London Stock Exchange’s listing rules, in order to enable London to better compete with New York or European bourses such as Amsterdam.
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  46. London Markets: Mining stocks lead London higher in broad rally following U.S. record highs (06/04/2021 - Market Watch)
    Metals and mining groups led London stocks into a broad rally on Tuesday, as European equities played catch-up with U.S. stocks after the Dow and S&P 500 hit record highs on Monday while trading was closed for Easter Monday in Europe.
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  47. London Markets: FTSE 100 climbs atop 7,000, as miners lead recovery and reopening stocks higher (05/05/2021 - Market Watch)
    London stocks surged on Wednesday as investors scooped up equities after a day of selling, led by mining shares.
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  48. London Markets: FTSE 100 climbs atop 7,000, as miners lead recovery and reopening stocks higher (05/05/2021 - Market Watch)
    London stocks surged on Wednesday as investors scooped up equities after a day of selling, led by mining shares.
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  49. London Markets: London stocks inch higher, boosted by oil’s rise, plus Burberry and Bloomsbury (02/06/2021 - Market Watch)
    The FTSE 100 was treading water on Wednesday and struggling for traction, though with gains for publisher Bloomsbury and oil companies also helping out.
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