Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I see that Aston Martin Lagonda (AML) observed this morning that its “year-end cash balance of c.£420 million, higher than previously anticipated…”. That is no disaster for the car company but given its lack of conventional profitability, there will still be a lot to appraise at their formal numbers on the 24th February. The shares might be up 3% today but they are still down by more than 25% during the last year. Even though Formula 1 fans might regard the company as offering a lot of sales growth potential, personally I am not excited, even if it claims their DBX brand achieved ‘about 20% share of the luxury SUV market’. A company owned by the rich, for the rich is never the easiest holding, especially as it has gone bust a number of times before historically. It remains a clear avoid for me.