read thru presentation. thoughts below. most of
Post# of 22940
Posted On: 02/22/2016 10:50:01 PM
Re: TexasTailchaser #3790
read thru presentation. thoughts below.
most of this is not "new" to shareholders that have done DD and know the ins and out of what is publicly available. that being said - a few things stuck out.
Billion Technology Limited - first time this name has been publicly mentioned. website is limited but they have some impressive equipment (5 axis machines) and for those that understand CNC machining and parts - those are some rather impressive/complicated parts shown on their website. would like to know their annual revenues and size. with 200 employees and the equipment listed - this could be well within the sweetspot for target acquisition of that $5-30MM annual revenue. it is privately held. it is also in the 10km area that the presentation references.
presentation emphasizes time to market, offsets, and lack of typical delays (border crossings and such). these are key to the manufacturers.
while the presentation is specifically geared towards Boeing - it can be used/adapted quickly with any mfg.
looks to be stage for a meeting around 45-60. 30-45 min of material depending on notes/interjections for slides and 15 min for Q&A. obviously depends on speaking style but based on listening to CCs and recaps ofinvestors' personal conversations with Bill - he can speak tangentially on subjects so it could be enough material for 2 hours. looks to be geared to a small buying group comprised of key engineering, procurement, and supply chain logistics.
"next steps" outlined give clear route going forward for both sides.
now - to address some of the naysayers:
this presentation does not compromise anything from TPAC or Boeing in terms of information presented, proprietary information, or strategic process. most of these facts would be discussed within the outline provided. so for anyone to complain that Boeing bails because TPAC is flaunting it all over the internet is just BS
the design experience is not semantics. whether the design experience is with TPAC or previous experience - the important part is the group has specific experience with Boeing equipment/parts, the Boeing processes and requirements, AND has all the needed certification prior to starting a relationship (though they still need to be certified thru Boeing process ). the presentation is a clear path towards why Boeing (or others) should seriously consider a small/upstart player to become a serious supplier. the investment has already been made on the TPAC side.
spelling errors in the presentation were mentioned but no examples provided. where are they potatochip...? while i was not proofing for grammatics - i ran spellcheck and nothing came up. lame attempt at discrediting/bashing.
parts/orders not coming until July - this is a long and involved process. company never claimed they would be generating revenues 1Q16 from Boeing. however, acceptance of next steps by Boeing is a critical step and the stock will trade on anticipation and expectations. investors wont wait until they read about Boeing revenues in a 10K. by then - big move will have happened. that is just a silly rebuttal even for a message board.
no parts made/manufactured - just designed. completely false. numerous parts had to be made several times over for NAVAIR certification/qualification.
cant fill an order in 2 weeks as initial PO for $100K still isnt complete. nowhere did the company say what the time frame for completion of that $100K order was for. that could have been a 3 month, 6month, or 12 month order. just because the company can deliver in 2 weeks doesnt mean the end user will be ready for the parts in the same time. JIT rules most high level manufacturing which is a critical issue in aerospace that TPAC can overcome due to strategic geography placement and international certification with US based engineering/design.
from here - pertinent information needed is acquisitions/funding. getting that revenue stream/scale is important not only for Boeing, but future business. bringing in business that already have Boeing business streamlines the strategic supplier process dramatically. also - further information on distribution partner previously announced and how that dovetails with Boeing supply and regional players will also be critical.
most of this is not "new" to shareholders that have done DD and know the ins and out of what is publicly available. that being said - a few things stuck out.
Billion Technology Limited - first time this name has been publicly mentioned. website is limited but they have some impressive equipment (5 axis machines) and for those that understand CNC machining and parts - those are some rather impressive/complicated parts shown on their website. would like to know their annual revenues and size. with 200 employees and the equipment listed - this could be well within the sweetspot for target acquisition of that $5-30MM annual revenue. it is privately held. it is also in the 10km area that the presentation references.
presentation emphasizes time to market, offsets, and lack of typical delays (border crossings and such). these are key to the manufacturers.
while the presentation is specifically geared towards Boeing - it can be used/adapted quickly with any mfg.
looks to be stage for a meeting around 45-60. 30-45 min of material depending on notes/interjections for slides and 15 min for Q&A. obviously depends on speaking style but based on listening to CCs and recaps ofinvestors' personal conversations with Bill - he can speak tangentially on subjects so it could be enough material for 2 hours. looks to be geared to a small buying group comprised of key engineering, procurement, and supply chain logistics.
"next steps" outlined give clear route going forward for both sides.
now - to address some of the naysayers:
this presentation does not compromise anything from TPAC or Boeing in terms of information presented, proprietary information, or strategic process. most of these facts would be discussed within the outline provided. so for anyone to complain that Boeing bails because TPAC is flaunting it all over the internet is just BS
the design experience is not semantics. whether the design experience is with TPAC or previous experience - the important part is the group has specific experience with Boeing equipment/parts, the Boeing processes and requirements, AND has all the needed certification prior to starting a relationship (though they still need to be certified thru Boeing process ). the presentation is a clear path towards why Boeing (or others) should seriously consider a small/upstart player to become a serious supplier. the investment has already been made on the TPAC side.
spelling errors in the presentation were mentioned but no examples provided. where are they potatochip...? while i was not proofing for grammatics - i ran spellcheck and nothing came up. lame attempt at discrediting/bashing.
parts/orders not coming until July - this is a long and involved process. company never claimed they would be generating revenues 1Q16 from Boeing. however, acceptance of next steps by Boeing is a critical step and the stock will trade on anticipation and expectations. investors wont wait until they read about Boeing revenues in a 10K. by then - big move will have happened. that is just a silly rebuttal even for a message board.
no parts made/manufactured - just designed. completely false. numerous parts had to be made several times over for NAVAIR certification/qualification.
cant fill an order in 2 weeks as initial PO for $100K still isnt complete. nowhere did the company say what the time frame for completion of that $100K order was for. that could have been a 3 month, 6month, or 12 month order. just because the company can deliver in 2 weeks doesnt mean the end user will be ready for the parts in the same time. JIT rules most high level manufacturing which is a critical issue in aerospace that TPAC can overcome due to strategic geography placement and international certification with US based engineering/design.
from here - pertinent information needed is acquisitions/funding. getting that revenue stream/scale is important not only for Boeing, but future business. bringing in business that already have Boeing business streamlines the strategic supplier process dramatically. also - further information on distribution partner previously announced and how that dovetails with Boeing supply and regional players will also be critical.
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