daverichardson
Member
- Messages
- 6,001
Enjoyed the Bond movie last night, black Maser driven by baddies. Maybe a blue GT parked up? The DB5 of course and a really nice AM saloon so much better than current DB7 clones about today (tin hat again folks)
Here is one to refresh your memories.
View attachment 91904
Vantage V12 or Stradale…….??? Both win!!
View attachment 91916View attachment 91917View attachment 91918
Two of the nicest GTs of the past 20-30 years. I can't say the same for the latest crop of Ferraris /Astons.Vantage V12 or Stradale…….??? Both win!!
View attachment 91916View attachment 91917View attachment 91918
There's a money pit right there....and two fine GTs.Vantage V12 or Stradale…….??? Both win!!
View attachment 91916View attachment 91917View attachment 91918
I was thinking the exact same .............the numbers just dont add up , unless the clothing and sunglasses sales make up for a lot i dont know aboutHow on earth have they made a profit? They don’t sell many cars, and those that they do are discounted. And their F1 adventure can’t be cheap.
Clever accounting I suspect, to bolster the share price, to allow more leveraging…
Anyway, good luck them. The World would be a poorer place without Astons.
More from the article:I was thinking the exact same .............the numbers just dont add up , unless the clothing and sunglasses sales make up for a lot i dont know about
Mine wouldn't be.The World would be a poorer place without Astons.
See its all in the small print ....bit like the mining market place ...all smoke and mirrorsMore from the article:
_____________________
“Helped by the delivery of 36 of its £2.5 million Valkyrie hypercars in the final three months of the year — almost as many of the model as it had sold in the rest of 2022 — Aston Martin got into the black in the final quarter as revenues jumped by nearly half as much again from the same period in 2021.
That result came after a much more troubled earlier part of the year for Aston Martin, which, heavily lossmaking and with debts in danger of spiralling out of control, went through its latest — and largest — refinancing, a £654 million equity fundraising in which the same Saudi Arabian sovereign wealth fund that also owns Newcastle United, took a 17 per cent stake.
Nearly 40 per cent of Aston Martin’s sales volumes and revenues in 2022 came in the last three months of the year. For the year as a whole it sold 6,412 vehicles, up 4 per cent on 2021, bringing in revenues 26 per cent higher at £1.38 billion.
The £16 million profit before tax it made in the last quarter only managed to take the edge off its previous troubles and the group still posted a record loss for the year of £495 million.”
So basically they had a quarter that was positive but FY 2022 was well into red.More from the article:
_____________________
“Helped by the delivery of 36 of its £2.5 million Valkyrie hypercars in the final three months of the year — almost as many of the model as it had sold in the rest of 2022 — Aston Martin got into the black in the final quarter as revenues jumped by nearly half as much again from the same period in 2021.
That result came after a much more troubled earlier part of the year for Aston Martin, which, heavily lossmaking and with debts in danger of spiralling out of control, went through its latest — and largest — refinancing, a £654 million equity fundraising in which the same Saudi Arabian sovereign wealth fund that also owns Newcastle United, took a 17 per cent stake.
Nearly 40 per cent of Aston Martin’s sales volumes and revenues in 2022 came in the last three months of the year. For the year as a whole it sold 6,412 vehicles, up 4 per cent on 2021, bringing in revenues 26 per cent higher at £1.38 billion.
The £16 million profit before tax it made in the last quarter only managed to take the edge off its previous troubles and the group still posted a record loss for the year of £495 million.”
My company is like that every year.So basically they had a quarter that was positive but FY 2022 was well into red.
Fingers crossed, as it is great car. Just not pretty enough for many people to actually buy it.