RE:RE:RE:WarningEarlyInvestor59 wrote: As I told someone else, you would be right if the 6000 houses + other pipeline in the business were not running but they are.
So it's big. And regarding margin you can either call the investor relation/CEO or look at the company profilte it's 15% net after all expenses which lead to profitability by Q3 next year and even more if they get to sign a part of the remaining 46 000 houses that the gouvernment intends to give them
Cheers
I have been to their website. Where do you think I got the annual expenses number from? The reality is, they quote 15% margin on these units, not net profit. There is a difference. If you don't understand that, you might want to do a little research.
They are talking about building 4,000 homes over the next 3 years for this order. Yes they have another 6,000 left in the 10,000 initial order but, based on their 200 per month production number, they can only produce 2,400 units a year once they ramp up. They should be able to build 5,850 units over 2018 - 2020, starting in the spring of 2018, so they might actually sell more than the 4,000 units but currently the max looks like 5,850, assuming there are no teething problems ramping up. So no, there isn't an extra 6,000 units over the 4,000 during that period.
Cheers.