Australia's largest stock trading and investment forum Australia's #1 stock forum

BUD buddy technologies ltd

0.00%

0.6¢

Although it is almost impossible to determine the level of take...

First 36 Last

Share
Profile

Follow
Holdtight

3,088 Posts.

1990

06/08/18

21:11

Post #: 34758885
Share

Originally posted by notlistening14 ↑

Thanks for that.

So the classic starts at A$200,000. It also appears that Airstream will essentially cover the first years subscription to Buddy, then after that the customer must pay that cost. Hopefully we can get further insight from the company soon on this (Webinar?).

$100/month is only $1,200 per annum or less than 1% of the total cost of the RV per annum, which is very reasonable IMO. As can be seen in my previous post, even at $100/month, we are looking at ~+$3.5m annualised revenue the first year, ~+$7m annualised revenue the second year, ~+$11m annualised revenue the third year etc

I would also expect a rollout to all other models following the success with their Classic model.

All in all a fantastic and unexpected announcement. Again, demonstrating the versatility and potential of Buddy's IoT solutions.

I also note the increasing demand for Airstream's RVs, see, e.g:
https://www.usatoday.com/story/mone...300-workers-new-plant-demand-booms/374776002/

https://www.businesswire.com/news/home/20180226006080/en/Airstream-Announces-Major-Expansion

https://www.bloomberg.com/news/articles/2015-08-18/how-america-learned-to-love-the-airstream-again

https://www.airstream.com/blog/airstream-announces-top-u-s-dealers/

https://www.cnbc.com/2018/02/26/airstream-to-expand-production-to-meet-booming-rv-demand.html

https://techcrunch.com/2018/08/03/h...updating-the-classic-american-travel-trailer/

https://www.bizjournals.com/dayton/...ive-airstream-planning-more-major-growth.html

http://adage.com/article/cmo-strategy/young-wanderlust-life-rv-market/312766/

https://www.campanda.com/magazine/future-of-airstream-interview-justin-humphreys/

http://www.rvbusiness.com/2018/05/airstream-touts-growth-dealer-partners-in-vegas/

https://money.cnn.com/2017/11/30/investing/rvs-trailers-motorhomes-airstream-winnebago/index.html

https://money.cnn.com/2017/07/12/news/economy/rv-industry-comeback/index.html

Expand

Although it is almost impossible to determine the level of take up, the revenue from the " retro fit " could be an important figure in the calculations...Also, 95 sales a week is a growing number. Be interested to know what the growth path of the classics has been and what is the forecast weekly sale number in 2-3 years.

BUD Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

Reply

Top Stories

AII

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

USL

'Defining moment' for Unico as miner expands Joaquin's mineralised footprint

ASX Market Open: Trump has quickly turned into the boy who cried tariffs | July 15

ASX Market Close: Iron ore prices stay strong; US CPI data due Tues night

First 36 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Although it is almost impossible to determine the level of take...

Top Stories

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

'Defining moment' for Unico as miner expands Joaquin's mineralised footprint

ASX Market Open: Trump has quickly turned into the boy who cried tariffs | July 15

ASX Market Close: Iron ore prices stay strong; US CPI data due Tues night

Featured News