RE: Basics24 Jun 2025 13:08
atanasoff - back of *** packet calculations, overheads from continuing operations in 6m to september 24 were £1379k, so double that, lets call it £2750k on annual basis. if we very generously say syme make a 2% margin (don't see it myself) then breakeven is £137.5m of financing
to answer your first question, how much of the pipeline has been converted, i'd say nil!
its quite astonishing that people believe syme is going to be financing the defence industry when they can't even convert any of the existing pipeline that is supposedly lining up for their funding solution.