Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address If you buy shares in a flotation, presumably you’re hoping for your investment to have a healthy start to life as a listed company, and at least some promising early results.Sadly, if you’d bought Aston Martin Lagonda (LSE: AML) shares at IPO in September 2018, you’d be facing something very different today. The shares are, as I write, down 80% from their opening price, including a 15% crash Thursday morning.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…There are two reasons for the latest slump.Big lossResults for 2019 show a 9% drop in revenue, with adjusted EBITDA slumping by 46%. The company managed to turn a £72.8m operating profit in 2018 into a loss of £36.7m, with an adjusted loss per share of 32.1p.Net debt soared to £876.2m at 31 December 2019, from £559.5m a year previously. That’s not far short of revenue, and it puts the company on an adjusted leverage of 7.3 times.Addressing the outlook for the company, the update said that “2020 is the year in which the business will be reset in order that it can start to operate as a true luxury car brand. This process is absolutely necessary for the long-term performance and value of the company.”While there’s no questioning the necessity spoken of in that second sentence, is the first one really saying what I think it says? We’re well over a year on from Aston Martin’s flotation, and it’s only now thinking of how to get operations started?DisasterIs this the most badly botched flotation in stock market history? I suspect there are worse efforts out there, but I’m struggling to think of one.At the same time as the results were released, Aston Martin gave us an update on its turnaround hopes.Billionaire investor and F1 boss Lawrence Stroll stepped in with a rescue plan last month, putting £182m into the business for a 16.7% stake. The firm has now confirmed the expected further rights issue of £317m, so we private investors can get in if we want. Lucky us, eh? The new issue price of 207p per share represents a 47% discount to Wednesday’s closing price, so that’s another reason the shares slumped on Thursday.RebootIf Aston Martin is to avoid going bust (which has happened seven times so far in its history), there’s no doubt it needs this big cash injection to stand any chance. But it also needs some sort of workable strategy, and so far I haven’t really seen one. All I’m hearing is something along the lines of: “Well, that was a flop, so let’s raise more cash and try the same thing again,” followed closely by “how do you make a profit selling luxury cars? Anyone got any ideas?“Well maybe that’s a bit extreme, but the strategy seems to be to carry on making the cars, and hope new models will be more popular and will sell better.Do I need to tell you that I wouldn’t go anywhere near Aston Martin shares? I’ve thought it was a potential disaster right from day one, and I’ve seen nothing to change my mind as we head further into 2020. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. Simply click below to discover how you can take advantage of this. The Aston Martin (AML) share price crashes 15%, and I see worse to come Alan Oscroft | Thursday, 27th February, 2020 | More on: AML See all posts by Alan Oscroft
With so many festivals today, many artists have found success by curating their own events, catered to their loyal fanbase. Shovels & Rope are the latest to follow this trend, putting together a stacked lineup of Americana greats for the first annual High Water Festival. Taking place at Riverfront Park in North Charleston, SC, the two day event will run from April 22-23rd, and will feature headlining sets from The Avett Brothers, The Shins and Shovels & Rope.The full lineup continues with a number of great artists, including Nathaniel Rateliff & The Night Sweats, Dawes, Jump, Little Children, Lucius, Margo Price, Charles Bradley & His Extraordinaires, Deer Tick, JD McPherson, John Moreland and so many more. You can see the full lineup poster below.Tickets are on sale now, and all information can be found on the official website.