RE: Shortfall4 Oct 2024 14:35
Same.? 😭
04/10/2024
10:42 Exactly. A fool and his money are easily parted.
Existing shareholders now lose 10% a year and the bondholders make 10% a year, again fools handing their hard earned across to the owners.
The same owners who lie to shareholders with impunity.
£382m liquidity - customer deposits of £188m = £194m cash left @ June 2024
H2 CAPEX (350m for the year / 2 for H2) is £175m, and bond debt interest payment is circa £60m (due in Q4)
That’s £235m of outflow in H2
£235m outflow > £194m inflow imvho. So they are £40m short, minimum.
And that’s the best case scenario. Add in recalls, supply issues, selling fewer cars, the cost of raising more money etc.
All figures taken directly from AML.
swiss tony
Swiss Tony !!!