Formula 1 is a perfect showcase for brands. That is a fact and it is the basis of this sport. It allows a car factory to increase its visibility and value in the world through its good results. And we have the clearest example of what happened to Formula 1 Bahrain GP and Aston Martin. The company’s shares on the British stock market rose like a bubble on Friday on the Asturian’s leadership in free practice, and they fell again on Monday at the opening of London City markets after the Oviedo native’s spectacular podium finish and the pure AMR23 performance in the race, the second fastest car on the entire grid in terms of lap speed, second only to the Red Bulls.
Aston Martin has experienced a huge rise in the British stock market since the pre-season tests. There, it became clear that the car took a big step forward and even Toto Wolff, boss of Mercedes, claimed that the Aston Martin was the second best car. The stock market noticed that. On February 23, at 7am, before the start of pre-season testing, Aston Martin shares were worth £188. After the disputed tests, the following Monday, when the British stock market opened, it suddenly rose to 202 pounds, increasing its value by 14 pounds per share.
150 million in 18 minutes in Free Practice 3
However, the markets remained cautious on Aston Martin, knowing that the performance of the car needs to be confirmed in the first race of the year, as there is doubt as to what the other rivals are hiding. But the great beginning of Fernando Alonso’s Bahrain Grand Prix, second in Free Practice 1 and leader of Free Practice 2, ended up unleashing madness. In Grand Prix Friday, the share was at 216.3 pounds. At 4:00 pm, before the start of Free Practice 2, they had risen to 230.8. And in just 18 minutes, with the great speed of Fernando Alonso and his leadership, they climbed to 249.70. In total, in just 18 minutes, Aston Martin increased its value on the stock market by 154 million euros. crazy
Big gains on Monday at the market open
But it doesn’t end here. The subsequent classification of Aston Martin, with Alonso 5th, and the final podium, with the second best car on the track, made things worse at the opening of the British market this Monday after the weekend break. The team’s stock rose throughout the morning. This Monday Aston Martin shares opened at close to 250 pounds per share, and reached a peak of nearly 300 pounds. Up £50 per share which surprised everyone. Finally, the price ended up stabilizing at 275.
So there, From having a market capitalization of about 1.7 billion on Friday, Aston Martin became about 1914.59 million pounds on Monday.with an increase in its value to bag of 214 million pounds (241 million euros more than on Friday). Cyclical business.
Preseason testing:
– February 23, at 7 am: £188/share
– February 27, first Monday after exams: 202 pounds.
GP Bahrain:
– Friday, March 3: 216.3 pounds
– At 4:00 pm, beginning of Free Practice 2: 230.8 pounds.
– At 4:18 pm, throughout Free Practice 2: They rose to 249.70. Alonso leads Free Practice 2. (Increase of 154 million euros in the value of the company).
After the Bahrain GP:
– Monday after the podium (March 6). Opening: 250. – Maximum peak 299 pounds with 20% increase.
– It stabilizes at 275.
Total increase on Monday: He started at 250 on Monday. The action is up 25 pounds. (They came to gain 49 pounds at their highest peak).
The
TheMarket capitalization:
Friday: £1.7bn
Monday: 1,914.59 million pounds.
Total won: 214 million pounds.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
