Aston Martin Sees Itself With A Ferrari-Like Stock Market Value. That's A Tough Sell

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Aston Martin's Ferrari-like stock market valuation looks like a tough sell

 

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This car is jus vroom ...

Love it❤️great colour too

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The stock market has given James Bond carmaker Aston Martin a frosty receptionAston Martin IPO'd in London on Wednesday. Shares were priced at £19, valuing the luxury car maker at £4.3 billion. After a small initial price bump, shares have fallen to £18.40. The performance underlines weakness in the London IPO market and ongoing trade war and Brexit fears in the auto sector. They say they will stay in the UK post Brexit. So it must be a cheap place to build cars in their thinking. Low currency and no tariffs with the core US market.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Aston Martin Sees Itself With A Ferrari-Like Stock Market Value. That's A Tough SellBritish luxury sports carmaker and part-time James Bond client Aston Martin wants investors to value it at up to 5.07 billion pounds ($6.7 billion) when it floats up to 25% of its shares on the stock market next month, but this is at a high, Ferrari level and will be hard to achieve.
Source: Forbes - 🏆 394. / 53 Read more »

Aston Martin skids on market debutShares in luxury automaker Aston Martin fell as much as 6.5 percent in its marke... hell yeah
Source: Reuters - 🏆 2. / 97 Read more »

Aston Martin skids as much as 6.5 percent in its market debut in LondonShares in luxury automaker Aston Martin fell as much as 6.5 percent in its market debut in London on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »

Aston Martin skids on market debutShares in luxury automaker Aston Martin fell as much as 6.5 percent on their mar...
Source: Reuters - 🏆 2. / 97 Read more »

Aston Martin priced at 19 pounds per share in market debut, eyes $5.6 billion valuationThe company, which last year made its first profit since 2010 and has gone bankrupt seven times in its history, was due to begin conditional trading on the London Stock Exchange on Wednesday. On what planet?
Source: CNBC - 🏆 12. / 72 Read more »