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Forget Aston Martin shares! I think this FTSE 100 stock is a far better buy

first_img Image source: Getty Images. 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. Forget Aston Martin shares! I think this FTSE 100 stock is a far better buy “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address Simply click below to discover how you can take advantage of this. Paul Summers owns shares of Burberry. The Motley Fool UK has recommended Burberry. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Our 6 ‘Best Buys Now’ Shares 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. When it comes to underperformance, luxury carmaker Aston Martin Lagonda (LSE: AML) shares really take the prize. Since arriving on the market back in October 2018 at a frankly-absurd price of £19 a pop, the stock has crashed over 95% in value. Does a boardroom shake-up and fresh cash change things? Not in my view.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…Steer clear of Aston Martin’s sharesI’ve no issue with the quality of what Aston Martin produces. But this seems to be the heart of the problem: beautiful cars, blooming awful investment.Could we have seen the share price collapse coming? I think so. In its 107-year history, the company has gone bankrupt seven times. This suggests there is something utterly flawed about this business, regardless of who is in charge. It feels important to mention this record given the market’s positive reaction to the news that CEO Andy Palmer is to be replaced by Tobias Moers.Let’s not underestimate the size of the task facing Mr Moers. Sales of cars had already pretty much halved in the first three months of 2020 compared to last year, forcing the company to report a pre-tax loss of near-£119m!Yes, a looming recession is unlikely to stop those actually capable of buying the cars from doing so, but the firm’s tendency to burn through cash is sufficient to make me think that moving into a higher gear may take a very long time, if it happens at all.  The recent securing of £500m in emergency funding will help, but it may not be enough to get the company really motoring. Good money will have been made on Aston Martin shares in recent days. Despite this, I’m concerned that this momentum may be lost as traders bank profits and drive away. Buyers beware!A better Foolish betIf you’re in the market for a luxury brand right now, I’d opt for a company with a better track record of making money for its owners. While admittedly biased (I hold the stock), I think FTSE 100 giant Burberry (LSE: BRBY) is a great example.Now, don’t get me wrong — I’m not saying that Burberry isn’t in a tight spot itself. Like a huge number of businesses, the company has seen sales falling off a cliff thanks to the coronavirus pandemic. Guidance on FY21 numbers has been pulled, dividends have been shelved and the company has had to find additional ways of saving cash where it can. But contrast Aston’s pre-virus performance with that of Burberry. Trading at the latter before the outbreak was strong with sales in the year to 28 March “ahead of expectations“. It also reported having £887m in cash on the balance sheet a week or so ago.Sure, things could be difficult for a while. Another market crash certainly isn’t beyond the realms of possibility. At 26% below its mid-February price though, I’d say at least some of this bad news is priced in. This is why I’ve been adding to my holding over the last few weeks.Given that sales of luxury goods tend to recover quickly from recessions, I’m confident that Burberry can emerge a stronger company. There could be some volatility yet to come, but those intent on holding for years rather than months should still end up with a great result. Paul Summers | Saturday, 30th May, 2020 | More on: AML BRBY 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. 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£1 billion lease extensions

first_imgHome » News » Regulation & Law » £1 billion lease extensions £1 billion lease extensions14th May 20160740 Views UK flat owners waste tens of thousands of pounds on informal lease extensions every year completely unnecessarily, contributing to a £1 billion windfall for freeholders over a 20 year period, says Louie Burns, Managing Director at Leasehold Solutions.The leasehold system covers 4.1 million residential flats; leases typically run for 99 or 125 years and need to be extended as the remaining years decrease, to protect the capital value of the property.A formal lease extension on a typical £230,000 flat would cost the owner around £13,250. In contrast, an average informal lease extension can cost more than £100,000 over 20 years, when costs, legal fees and ground rent increases are taken into account.Leasehold Solutions estimates that 12,000 informal lease extensions are signed every year, representing a cost of more than £1 billion to leaseholders. Informal agreements offer the flat owner no legal recourse and the freeholder can change the terms of the lease, such as increases to the ground rent and service charges as they wish.By playing the long game, freeholders can keep on fleecing the leaseholders again and again.Louie Burns (left) said, “Freeholders often claim that an informal lease extension will save the leaseholder money, to dupe them into paying a far higher price for their lease over many years.“Often freeholders will only extend the lease back up to 99 years, which means the leaseholder must look to extend the lease again within the next 20 years, providing freeholders with another huge windfall. By playing the long game, freeholders can keep fleecing leaseholders again and again.”Flat owners have a legal right to extend their lease by an additional 90 years and reduce the ground rent to zero if they have owned their flat for more than two years. The law provides compensation to the freeholder when the lease is extended using a calculation based on the ground rent, reversion fee and marriage value (where the freeholder is entitled to half of the increase in the value of the property when a lease with less than 80 years remaining is extended).However, freeholders often promise flat owners significant savings through informal lease extensions, only to increase ground rent and service charges as a result.Louie Burns continued, “Every week we hear some pretty shocking stories. I spoke to a flat owner who had taken an informal deal and found he had to pay his freeholder 10 per cent of his monthly rental income in service charges! He and any future owner – if he could ever sell the flat on – are now stuck with this onerous clause forever.”lease extensions informal lease extension leaseholders UK flat owners freeholders 2016-05-14The Negotiator Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 Lawyer leading RICS governance probe asks members to help with evidence30th April 2021 Government takes next step towards controversial property developer tax29th April 2021What’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.last_img read more

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