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  • Aston Martin PLC?

    Jun 10, 2008 8:35 PM

    Aston Martin boss Dave Richards has suggested that the company may be partially floated on the London Stock Exchange. Richards told the Daily Mail that “we will look towards a partial IPO… it would be to finance the next models and fund engine development work where clearly there’ll be a requirement for further investment.”
    Aston Martin was sold by Ford last year to two Kuwaiti investment companies in a consortium led by Richards. There has been considerable speculation as to how the company ...Read the full article
    • Le Chef
    • Joined May 29, 2008
    • 13 Posts
    • Status: Offline

    Re: Aston Martin PLC?

    Jun 10, 2008 8:40 PM

    I think this is bad news. Unless the company wants to expand its offerings then it already shows that cash-flow is unlikely to be sufficient to fund replacement models for the existing line.

    A company as small as Aston Martin is also vulnerable to a hostile takeover by a much bigger company.

     

    Is Dave Richards taking Aston Martin back to the bad old days?
     

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