Aston Martin - comment

The decision by members of the Yew Tree Consortium to invest a further GBP30m in Aston Martin through recent market purchases will help boost investor sentiment. The equity is up 3% today after the announcement and 30% in the last 5 trading days. We had modelled the supply chain issues from the first half not reversing yet, although we forecast progress in 1H23 and model the company as being funded through to the refinancing of the bonds.