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[fevertreeman] 12/4/2024 10:21

Bagpuss67...love your optimism. However, Holly Johnson has considerable form on misleading his shareholders about Co's performance and progress, and trust in him and Bundred in shot to pieces.

[premium beeks] 12/4/2024 10:17

It's a trading stock for now, until clarity on all the issues.I'd agree with one thing, a lot of stale money likely still in here and until.new money comes in, it will stay a traders penny share.

[misterd1] 12/4/2024 09:39

Imagine the cost each time - not just material - but idle labour etc etc

Presumably made up by overtime to 'broadly' maintain the delivery schedules promised to customers

[amt] 12/4/2024 09:14

Yes Bones if I loose my money here at least it looks like I will get it back on Bango Zoo Digital and Fdev

[quemaster] 12/4/2024 09:04

Points with only one machine in place that will bring the whole production line to a halt should they fail.

[casholaa] 12/4/2024 08:47

"Single points of failure"... what does it actually mean???

[bones] 12/4/2024 08:41

Amt, I won’t wait for December. The bookies are paying out on Bango already! :D

[amt] 12/4/2024 08:32

Yes they could have explained January and February. If it was due to a rationalisation then that would have helped enormously.
Yes very poor communication once again.

[bagpuss67] 12/4/2024 08:21

Not sure management have a pot to p in and have very low equity interests. Maybe the big gun private shareholders might try and do/anchor something but not sure management would have set up this rns to support that.

More like an out of touch persons drafting which was trying hard but was very poor

[amt] 12/4/2024 08:00

I hope should hope so

[bagpuss67] 12/4/2024 07:58

They will be running 3month rolling short term cash forecasts and implementing cash management activities which should squeeze out a bit of funding. Not sure how well their type of materials suppliers accept creditor stretch though..

[bagpuss67] 12/4/2024 07:14

They have 6 months to publish their accounts. I wonder why they don't issue those with a trading statement in early June rather than late May to allow inclusion of the May sales number.

[bagpuss67] 12/4/2024 06:35

Amt. Where do you get the £2m from. The Zeus forecasts have £1.8m at FY24 ye

They also say £6m of cash at the end of FY23 and £1m drawn down on the loans which increases to £9.5m through FY24

[amt] 12/4/2024 06:13

I can't understand how they are managing to burn through so much cash. I assume they have say 2m. but they didn't even tell us so might be worse.
So 4m gone in 3 months. That means they need 10 million of turnover per quarter to break even on cashflow on that basis. Alternatively perhaps they wasted so much material in Q1 that GM was negative and once corrected margins get back to 60% in which case 6m turnover per quarter is breakeven. Taking the optimistic view if they can ramp up to say Q2 4m Q3 7m Q4 9m which they imply is possible then there will be just Q2 where they burn cash of say 1.5m add in a contingency of 2.5m and they might get away with a 4m raise. A further question would be if they double capacity in H2 they will presumably increase fixed costs and so running an operation with a lot of spare capacity to deal with failures here and there isn't going to be efficient.
At say 3p a 4m raise woukd be about 50% dilution if my calculations are correct and would give a market cap of about 10m at 3p.
So if it's a ten bagger from there I would get my money back. I made the mistake of being dazzled by the orders and great product but never thought much about the manufacturing process. It seems like management made the same mistake and completely underestimated the size of the challenge in producing the product. Some evidence that it will be possible to mass produce but only when then get to a 9m turnover per qtr figure at 60% margin will I relax. So a wait until Q4 by the looks of things.