RE: The Valhalla is almost here.6 Jun 2022 19:51
Guidance for 2022, 6,600 sales.
Q1 figures from the RNS:
1,168 sales and £111m loss
1,168 sales x 4 = a projected annual rate of 4672 sales, 2000 sales LESS THAN 6600 guidance.
China was locked down for the WHOLE of Q2, so matching the 1,168 sales from Q1 will be impossible. (China acounts for circa 25% of world sales.)
Debt interets is paid Q2 and Q4, and it's circa £195million.
No chance sales target will be reached and no chance cash burn will only be £125million.
Q2 will be a loss way worse than Q1, so > £111m PLUS the £95m debt interest payment.
My nunbers are calculated, feel free to quote any old posts of mine to show just how right I am.