I just finished writing up my Aston Martin analysis.
I’m a hard sell on those guys right now. It’s looking really shaking, and I don’t think the new SUV sales will be enough to get them out this rut.
They still need to make £10m in operation saving for 2021, they have cut 22% of their headcount last year and then opened a new factory and trained 600 new staff.
It’s going to be a really tough year for them, and I’m not sure they have the management to save them right now. Losing the CFO and three board members stepping back isn’t a great sign. Having to accept the latest financing at a big discount isn’t nice either.
Then again, this Wednesday is their Q1 results, that’ll paint a clearer picture!