Order book basic thoughts5 Jun 2020 08:43
I'm just thinking aloud and its basic stuff.
They did £30 sales in May, assume capacity (I believe between 4 and 6 million units), they are approximately doubling capacity from June, so say £60 million in save, extremely roughly, and they have £120m in future orders on there book.
That sounds as if the £120m of orders will take a couple of month to manufacture and distribute, which is a potential downside for anyone wanting to order as possible large orders can't be fulfilled until August/sept?
Obviously if we just continue with an order books that sells capacity then this is not an issue, but as we have sold c.capacity in may and the market as reacted as it has it's just a tad puzzling.
My holding is the lowest it's ever been, being in a 280 and trimming a fair bit in the 320-340 range, at some point soon, this will be a screening buy I suppose.
US sales / JV seems to be kept a secret.