Posts tagged: Lawrence Stroll

Bears paw Aston Martin Lagonda...

Wednesday, 12 January 2022, 2:47 pm

Betaville hears some savvy stockmarket bears have started pawing away at Aston Martin Lagonda, the London-listed luxury carmaker led by Canadian billionaire Lawrence Stroll.

Quite why these bearish types have recently been targeting Aston Martin Lagonda remains to be seen but Betaville notes that the company last week unveiled poor figures (also known as a profit warning) that also demonstrated the company's year end cash position was £420 million...

Read more...

Formula One champion Vettel said to eye stake in Aston Martin, reports suggest

Tuesday, 6 October 2020, 6:37 pm

For many fund managers Aston Martin is the stuff of nightmares: a stock that floated in 2018 at £19.00 and now trade at just below 60p.

That's a shocking amount of "value destruction".

But there has been a frisson of excitement around the share since Canadian billionaire wheeler dealer Lawrence Stroll put together a consortium of other racing affionados (Toto Wolff) and other multi-millionaires (Swiss-Italian Ernesto Bertarelli) to refinance the iconic marque...

Read more...

Punters placing bets LVMH's $16 billion takeover of Tiffany could be in trouble, according to Gasparino

Friday, 13 March 2020, 6:49 pm

Market turbulence and fears over a recession is clearly hitting dealmaking. Today, for example, Aston Martin and Lawrence Stroll have re-cut the fundraising deal with the Tommy Hilfiger tycoon as the embattled carmaker needed an extra £20 million.

Stroll, though, is getting a better deal with his consortium partners receiving 25pc of the company in return for £171m at a price of £2.25 per share...

Read more...