Optare Plc Share Chat (OPE)

They are Optare ones mate.

Also comes from servicing buses and the parts for the older models which if its on the same process as ford etc , would be a steady revenue stream .

Looking at historic price's of dell.inc . I'm looking at 7 years in this ope slow trek ,if there still around .yahoo historic price's. Just imagine getting divident of 1p per share then. More than invested divy alone.

Your right of course Ettienne.
Cheers
Turog

Turog,

I think the 2012/13 rev number will be in the £80m - £90m range but I shouldn't be too troubled by how much that is shy of £100m. it's a combination of factors that is going to count in the long run. i.e. how much progress they are making to raise the gross margin % by direct cost reductions; how much they have shaved off admin overheads. If they can get those in the right direction, then they will have some 'wriggle room' to improve competitiveness, allow them to shave selling prices if nescessary to gain volume. If the UK market remaims the same, they should gain some volume in 2014 with the DD.

All to play for!

Those hybrid buses in Warrington ... are they Optare or as someone else mentioned is Wrightbus the company having problems?

Cheers. I'm looking forward to the accounts. Shame that JS forecast £100m. Not very wise IMO. He set himself and the company to fail. The sales will be much higher than last year with much of the year in profit at EBIT etc. but with sales around £90m will look like a fail. If he had only forecast lower, we would have been flying.

Hi Turog,

There's nothing wrong with being optimistic but I think your assumption about £200k unit sales price assumes revenue would comprise all high value products such as EV's (wasn't that the value of the Notts order?) whereas the product mix is much more varied. eg volume fleet orders for Solos and Versas are £100k - £125k.

The 400 number is not far off the mark with 374 UK regs plus a bit of non SA export no doubt. They are planning to raise the UK production volume by c25% (DD's included plus a bit of European) but kits for export to SA etc just a little more than flat.

So if they manage that level of volume increase (an the dd is yet to come) then yes they would be on their way to £100k Rev in 2013/14. From memory, I think the old calcs I did suggested £120m odd Rev to breakeven. but the annual accounts will clarify that. Not long to wait

Going in the right direction.

I dont think 200k is unreasonable. Not when you consider that they knock out the Hybrids for more than that

Hi Ettienne. One of our investors, Samspade posted this earlier this week.
http://www.business-standard.com/article/companies/ashok-leyland-arms-invest-in-uae-subsidiary-113042200848_1.html
The article mentioned that OPE had sold 400 buses in the UK and exported 190.
From H1 results, at end of Sept OPE had made 98 for SA and stated £10.5m export revenue. Without any further export orders, this leaves £9.85m for H2 exports. 400 buses @ £200k each (based on Notts purchse of 20 buses reported as £4m) = £80m + 190 exports @ £20.35m (98 = £10.5m, therefore 190 = £20.35m) = Sales of just over £100m. Am I being too optimistic here on the £200k per bus? I think sales will be more like £90m, but hey that's a whole lot better than last year when it was £72m for 15mths, pro rata £58m for 12mths.
Cheers
Turog