Aston Martin employees nursing big losses after flotation hits the skids


Aston Martin workers are sitting on thousands of pounds of paper losses after the luxury car maker’s shares crashed following its flotation.

Staff at the Warwickshire-based marque famed for its links with James Bond were invited to take part in the float which launched last month.

However, speculators quickly piled in. According to new data from analysts at S3 Partners, short-sellers – who profit if the shares drop – have an interest in 16pc of Aston’s shares in circulation.

Some 2,200 non-management staff are in line for a £1,000 bonus which will be paid at the end of this month as a reward for their part in the four-year turnaround of Aston under chief executive Andy Palmer, an impressive feat which allowed the company to go public.

Workers were invited to buy between £250 and £10,000 of shares in Aston, and the company said 40pc of them took up the opportunity, putting their own cash in.

The shares were launched at £19 a fortnight ago but have since sunk by almost a quarter, down to about £14.50 on Friday.

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