Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Warren East. The drop was due to Covid and predominately the impact to Aerospace.
They’re forecasting lower revenues for the next 7 years so I cannot see a miraculous rise to previous highs anytime soon.
Based on the lower flying hours and wide body engine sales they’re expecting a loss in revenue of circa 4b. I’m not sure what the cost savings will be attributable to that but it won’t be near 4b.
I wouldn’t be surprised to see a significant loss in H1 (over 1b) and an equity raise. Maybe they can avoid a dilutive raise for the time being with sales and disposals.
There’s just too many unknowns and risks in the short to medium term for me, so I’m gonna sit it out and wait.
Dunno but I think it'll break £2
I’d suggest it’s better to be balanced and realistic to current events and risks rather than overlook them with a blindsided optimistic view.
I got out last week at 2.55 (at a small loss) as, based on a few matters, I thought the risk of further downside and a £2 price out weighed the potential for short term upside and £3.
We’ll see.
I've said this a million times.
The debt and liquidity is going to look brutal in H1 due to the capital outlay for St Athan and the DBX design, development, materials, manufacture, etc. None of this has started to be paid back yet!
The balance between income and outgoings should be a lot more sustainable and profitable in H2.
Net debt is down as they’re sat on more cash from the fund raise. The gross debt is circa 1.1b which is consistent with Q1.
The fund raise has essentially paid for the losses in the period.
Would have been nice to have got a better outlook on the remainder of 2020 and an update on total orders for DBX and sports cars.
The revenue, loss and debt are roughly in line with market expectations. They’re actually slightly better.
Not a great read though, even if it was expected.
I believe St Athan has the capability to manufacture up to 7,000 DBX’s a year at optimum production. That’s similar to Gaydon although it’s through one production line instead of two.
The question is will they receive that amount of orders per year? I’m hoping for 5,000 plus.
Even at 5,000 it equates to 850m of revenue based on an average retail price of 170k (Not sure if that’s the average, I’m just assuming it’ll be in that range after options).
I’m not sure what the profit margin is but I’m assuming it’ll be healthy otherwise they wouldn’t have committed so much capital into design, development & the St Athan manufacturing facility.
Please remember that the majority of capital expenditure in Q1 and Q2 has been on DBX production which will start to be paid back from July. The second half of the year should be a lot better and will see us start to turn a corner.
The half year results will be bad. No doubt. However, it may be accompanied by a good order book and a positive outlook for the remainder of 2020/21.
Dunnie- I’m pretty sure Toto Wolff’s investment was 37m, not 4m
Cool story
Reading through the lines - You're aware of the upside potential here but are trying to scare less experienced and easily influenced investors into selling their stake at a loss. All whilst buying in the dips.
What exaggerated nonsense!
The bad news will pass and eventually be forgotten about. The business fundamentals and growth potential will still be there.
Very good recovery play here.
Nice. Thanks for the heads up
007Bond - To be fair, Paul isn’t being negative, he’s being realistic. To believe that 423 is even remotely probable in the next 12 months is ludicrous. Probably one of the most ludicrous things I’ve read on here and I’ve read all sorts of crap!
Trading 212 is free but they have a wider spread. So you're likely to pay a slighter higher price for your shares than elsewhere and sell for less than elsewhere. The difference is so small that when trading small amounts it's negligible.
Trading 212. Cheap. Decent app for the phone. I don't use it myself though. I'm happy with HL.
Every one of the analyst ratings are out dated and done before both the rights issue and recent fund raise. So the 432p is kind of meaningless.
It’d be great! Hopefully as dramatic and argumentative as Senna & Prost at McClaren!
I agree. I thought it was obvious sarcasm. Maybe not.