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kleinbl00  ·  264 days ago  ·  link  ·    ·  parent  ·  post: Random Quotes of the Week (Aug26-Sep 1 2018)

Aston Martin revs up for London listing because Aston Martin posts first year of profit for a decade

Some math:

    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.