Based on that above it sounds great, no risk at all 43M sales and 30M order book sounds great, but where is all that money... (spent on the new building I assume) https://www.moneyadviceservice.org.uk/en/articles/crowdfunding--what-you-need-to-know I would slap 100 quid into the company, see what it does, but I've already done that with more money as a deposit
I registered, out of interest, and to see what comes forth. In any public share offering there are set standards regarding information that has to be imparted to the public and if not met the promoters, ie the directors, can be held personally liable for any losses incurred by those that invested. Crowdfunding is different, but as Norton is a publicly quoted company I'm not sure how it can crowdfund which is usually reserved for start ups which, as it says in the pre-registration blurb, Norton most definitely is not. We shall see.
@John W Just wondering if you got that call in the near future saying your allocation had arrived would you take the plunge, either way would it be an easy decision to make? I think i'm further up the list than you as i put my deposit down Feb 17. I don't know what i'd do if i got that call (with all the negativity surrounding the brand) as i still really want one. I still think after 3yrs there's nothing that comes close to the uniqueness and possible ownership satisfaction at having such a beast of a bike. The 2020 Fireblade sp looks quite tasty but would mean for me giving up on the dream of ever owning a V4rr.
Order book is now valued @ £29,999,500 as I’ve asked for my deposit back , should be interesting, luckily my daughter is a corporate lawyer ( mates rates lol) .
@Gee Jay it will certainly be a bit of a mind bender. I too would dearly love one, but timing is everything.All this waiting means I keep buying other things I do agree they look a stunning bike, but I have concerns over how any engine/chassis/electrical issues might pan out. I was sort of hoping there might be more bikes out and about, and therefore some with a few miles under their belts before I got mine and joined the group of beta-testers. Also, assuming you took delivery and subsequently had need to unload it (regardless of whether for profit or not), just how easy that might be. Its a nice situation to be in (being able to afford one I mean), makes no logical sense on any level, yet here we are still discussing them Let me know when you get your call, that way I can brace myself
Yep, earnings before interest, tax, depreciation & amortisation. Like WTF, interest & tax has to be paid, in cash. Admittedly depreciation & amortisation aren’t cash payments but whatever caused them was. It’s a throwback to the dot.com era but sadly and unfortunately still used by banks today. Eejits who never learn. Look at the cash flow. Profit is vanity, Cash flow is sanity.
come on then, hands up, which one of you was it that stumped up the full amount for Norton. According to an email I received yesterday someone has stumped up the full £1m on the condition they don't proceed with the crowd funding This page makes quite interesting reading: https://www.crowdfundinsider.com/20...tish-motorcycle-is-crowdfunding-on-crowdcube/ Generally all the same info as given on the other links, but I had no idea they had also gifted £1m of shares to employees. Oh, and the JPS is supposedly limited to 50 bikes. Given that some of us were intending to do similar on our bikes anyway, its no big deal. Just another way to try to sell more bikes I assume.
Dragons Den sales pitch perhaps? In a dark room with first raffle/share certificate prize being a one way trip to a game reserve, feeding a pride of lions!
