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Optare PLC Share Chat (OPE)



Share Price: 0.205Bid: 0.19Ask: 0.22Change: 0.025 (+13.89%)Riser - Optare
Spread: 0.03Spread as %: 15.79%Open: 0.18High: 0.205Low: 0.18Yesterday’s Close: 0.18


Share Discussion for Optare (OPE)


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Turog
Posts: 345
Off Topic
Opinion:No Opinion
Price:0.28
View Thread (2)
.27
23 Oct '13
Offered .27 for some of mine
 
mondo1
Posts: 387
Observation
Opinion:No Opinion
Price:0.28
.258p
23 Oct '13
sell this morning. Think Optare should get a good time and motion man in and get rid of some dead wood. i would be willing to do that job!!! for free.
Turog
Posts: 345
Off Topic
Opinion:No Opinion
Price:0.28
Allex
22 Oct '13
Thanks for that info it makes 2013 look like a good year. Lol
allex
Posts: 368
Off Topic
Opinion:No Opinion
Price:0.28
Oops pressed a return accidentally
22 Oct '13
I think. Losses due to operations (not rounded)
2008 £3.96 million additional losses restructuring/exceptional.... £7.2 million
2009 £4.86 million additional losses £6.8 million
2010 £4.05 million additional losses £1.96 million
2011/12 £8.16 million additional losses £4.59 million
2013 £5.53 million additional losses £1.81 million

Company pronouncements under the 'leadership' of Sumner were something like if we have a modern facility we will achieve bulk orders and profitability. The numbers suggest that that hope has not been achieved. IMHO I doubt that Optare are as you suggest (hope?), well-placed. Even if they launch the DD (IMHO they would be well advised to cancel the project for if they cannot build and sell single deckers at a profit what hope I ask myself is there that they can build a new product profitably?) it is unlikely to be sufficient to turn the company's fortunes around. The facts of the massive debt the company is carrying and the low value of the order book (information available in the public domain) make it difficult to imagine a scenario where the company trades its way out of its present position.
allex
Posts: 368
Off Topic
Opinion:No Opinion
Price:0.28
Turog your question prompted
22 Oct '13
me to quickly run through the published accounts, losses from operatopns are reported as
2008
Turog
Posts: 345
Off Topic
Opinion:No Opinion
Price:0.28
Alex
22 Oct '13
I get that. I'm just trying to get a feel for the industry in general. Though losing coney, OPE may still be well placed as the economy improves. And with th DD coming on (opefully) it can only take market share from the others assuming they sell some.
allex
Posts: 368
Observation
Opinion:No Opinion
Price:0.28
Turog what other companies
22 Oct '13
achieve or do not achieve is not really relevant IMHO. In published accounts operating losses as far as I understand it are recorded as a result only of money spent on manufacturing and selling a product against money received (it disregards everything else such as interest repayments, exceptional costs and so forth). It is my understanding that when a company such as Optare sells a few hundred buses every year and records a few million pound operational losses per year that every bus has been sold at a loss.
Turog
Posts: 345
Off Topic
Opinion:No Opinion
Price:0.28
allex
22 Oct '13
With your knowledge of the industry, are other bus manufacturers also selling at a loss? With the new factory and basically a new canvas for manufacturing where OPE have rationalised the workforce, are outsourcing more of the kit etc, you would think that OPE are well positioned compared to others. Or is the loss per bus purely down to the debt payments or the exceptional costs suffered over the last couple of years moving factory etc. or perhaps because OPE is a smaller operation with lower volumes compared to others which increases costs. perhaps Steve, Ettienne or others would have a view.
allex
Posts: 368
Observation
Opinion:No Opinion
Price:0.28
mondo1 sadly it is
22 Oct '13
true as Optare have declared multimillion pound losses every year 'due to operations' for the last few years (that is building buses at a loss - disregarding losses incurred from other activities).
mondo1
Posts: 387
Question
Opinion:No Opinion
Price:0.28
allex
22 Oct '13
Did not know that but if thats true the management needs sorting out quickly





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