In our last issue of the year... our share tips for December 2024, the latest on our Aggressive Portfolio IX, plus company features and market insight.
Get motoring with Aston Martin Lagonda!
Unfortunately, the share price of Aston Martin Lagonda Global Holdings (110.2p) has not produced the same sort of super performance that one would expect from the cars of the group! Shares in the company were listed on the stock market in October 2018 with the early share price being around 4300p. With the share price now down to just over 100p it can be seen that they have lost most of their value. A recent fund raising that involved the issue of just over 111m new shares at 100p each and a bond offering of £100m at 10.375% has raised over £210m for the company to help fund its expansion in 2025 and beyond. Clearly, the fact that the company has had to pay 10.375% on its bond offering shows that there is some risk involved in investing in the company, but at the current price it is one we think worth taking as we look for a short-term bounce in the share price.
The most recent results of the company are those covering the third quarter to 30 September. These revealed that the company sold…
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