Ann: Telstra's Belong to Market SPACETALK, page-21

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imagoo

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11/12/19

22:48

Post #: 41921342
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Originally posted by HairyRichard: ↑

Hi folks
Long time no see....

Having a look again now. How do people feel about the proposed 90k units selling this FY? Reckon they will pull it off?
Some rough maths says they could do about $25m in revenue this year if they reach 90k units... Does that sound about right?

Some more rough maths says units cost about $100 to make and return around $250? Is that right?
They've sold 13k units so far this FY... Which means they need to spend ~$7.7m to reach the 90k units, and would return them ~$11m gross profit.
Do we think more funding will be needed to manufacture all those units?

Just trying to figure out why the share price is where it is at the moment. With growth like this and growth projected like it is, I'd expect a MC a little higher than $45m.

Cheers

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According to the annual report there was approx 10k watches in inventory at start of FY. Recent placement should provide 50k units at a minimum. So at least 60k watches on hand with 37k odd forecast to sell for H1 FY.

Units sold to Sky net full revenue on sale to Sky. Looks like 20k watches are forecast to sell in UK in H1 FY, which nets 40k watches worth of cash, some of that received as its sold to Sky. That alone should have us covered, but the forecasted 17k in Aus/NZ to year end also nets 34k watches worth of cash.

Rough numbers from announcements, looks like we should be fine.

DYOR

MWR Price at posting: $3.15 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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