Aston Martin revs up for London listing because Aston Martin posts first year of profit for a decade
It is understood the company will seek to sell a stake worth about £1bn, valuing it at between £4bn and £5bn
The carmaker famed for its association with James Bond reported a £22m pre-tax profit for the nine months to September
That's a P/E ratio of something like 200.
Aston Martin sold 5,000 cars last year making its first profit since 2010
That's a pre-tax profit of £4400 per car... on cars that cost £140,000 minimum. That's better than last year, when they basically made about as much on a Vantage as Apple makes on an iPhone.
But holy shit it sure ain't no reason to list the fuckers.