Top City analyst says car firm Aston Martin may have to tap shareholders for fresh funds for a fourth time
Luxury car firm Aston Martin Lagonda may have to tap shareholders for fresh funds for a fourth time, a top City analyst has said.
James Congdon, who runs the Quest research unit at broker Canaccord Genuity, said Aston Martin’s equity does look ‘vulnerable’.
‘We increasingly can see a scenario where the company would need to raise capital again,’ he added.
In the slow lane: Since the float, Aston Martin’s stock price has collapsed almost 90 per cent
Congdon was the sole City analyst to highlight that Aston Martin – which now has its own Formula 1 team – would need to raise fresh funds several times after the business floated on the London Stock Exchange in…
