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
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