MJP martin aircraft company limited

I completely understand, but you might still drop in for a visit...

  1. 334 Posts.
    I completely understand, but you might still drop in for a visit now and then, will you?

    Unfortunately, I am stuck. Hoping for the best and for so much overwhelmingly positive MJP action during the second half of 2016, that I will keep shaking my head about the doubts that I have had, that this start-up would ever take-off.

    MJP, by their own admission, now employs about 60 staff. I searched the www and found a jpeg, depicting a group of this size (these are not MJP employees):

    60 people.jpg

    This is quiet a team. Surely ........

    10) Shareholder Update (01.03.jpg

    What worries me right now is that they are behind schedule with their new engine delivery, which was indicated for Q1 in their February 2016 investors update:

    Engine.JPG
    This is what is now being stated in their April 2016 newsletter:

    Capture 1.JPG


    The new ballistic parachute is another concern for me.

    Here is a road map from their June 2015 newsletter:

    Capture 2.JPG

    According to this chart:

    Jetpack
    1) Final design of P14 should now be completed (how can it be without the new engine?)
    2) Final production of the jetpack should now be its way (see above & parachute?)
    3) First deliveries should occur before October 2016

    UAV
    1) Final design should now be completed
    2) Final production of the jetpack should now be on its way
    3) First deliveries should occur before years end (2016)

    Simulator
    Designed, produced & delivered (why no feedback in newsletters?)

    Jetpack experience
    1) Final design of should now be completed
    2) Final production of the jetpack should now be on its way
    3) First deliveries should occur before October 2016

    Personal Jetpacks
    1) Product release in progress during Q2
    2) First deliveries before July 2017

    With reference of their road map, we are now definitely able to start ticking boxes, hopefully using up a lot of ink.

    There might also be a name change, but I doubt that Glenn Martin will be able to enforce this, given that MJP is now a listed company. They must have really fallen out with each other.

    Finally, this is what just happened to one of their jetpack competitors (no ballistic parachute). Wishing for a speedy and full recovery.
    Last edited by forty2km: 09/04/16
 
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.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.