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Lewbo Quite correct. And if the vast (+) majority of the 10 remaining RFQ's (including existing customers) are won,it will be game over. Unless there's proof that it's changed, I'm quite confident it will be the vast majority. Excluding Chinese type wins, it's all about safety going forward. NCAP, legislation, ISO 26262, ASIL ratings.....
Red, i think SEE are taking a pragmatic approach. They pick and choose who they bid for, since they have to service existing won contracts and be able to service potential should they be successful. Sebs is right when saying we have strongvT1 partners. Volvo would be a statement. SEYE will get wins and i won't lose sleep over it.
Lewbo Yes, apparently SEE was never involved in either bid as either or both convenience or not worth the effort. But what about FCA for example? SEYE involved but not for long? If SEE were not involved in Hyundai or Geely, what does that say of the (as of earlier this year) about the 14 RFQ's? Competition in name only with SEYE involved elsewhere in convenience RFQ's maybe?
Another thing to bear in mind is that SEE dont always bid for every RFQ. The Cenkos note suggested that SEE didn't bid for Hyundai nor Geely. Focussing resources, time and effort on the ones they want i assume.
Terry Indeed, it will be another nail.
Red If we steal another from under SEYEs nose on their doorstep. I.E Volvo then that will sum it up. That means seye way behind us when Volvo don’t trust them.
Terry What is telling is that since the beginning of the year, our friends have been remarkably quiet about the number of bids involved in. Last year, they mentioned several but nothing since. Unlike our usually ebullient friends! Likewise SEE, but in the other way.
Terry Correct. The more evidence there is, the more confidence there will be. I'm with S2020 here, I'm expecting 6/6 unless for some reason there's a convenience only DMS thrown in. The same goes for the second half. But then SEE wouldn't be involved in that bid. Unless our friends have fixed multiple problems, within legislative forward looking contracts, what options are there?
Red I agree. The telling thing for me is how many we get from the next 4 by Summer. If we get 3 or 4/4 then I would hope that 50%+ of the next 8, if not more might land to SEE. Confidence will be determined by these next 4 for me. My only problem is thrown kitchen sink at it already so Iam nibbling now at these prices when I would like to be piling in a lot more.
When investing the only facts an investor has is exactly that or in the event of close to that, information pointing to facts. I think as far as anything other than Auto, the facts point to Guardian being fixed and every other segment performing in line so especially about Fleet this is good news. Now, as regards Auto, SEE is according to SEE, involved with 4 RFQ's in the first half of 2019 with up to another 8 in the second half. Where ever you look, there's no evidence that SEEs so called competition is actually no competition. It is SEEs safety DMS against some other concern who no one has yet to identify. That is why I'm confident as regards the current RFQ's whenever they arrive. Until there is proof that SEYE has fixed its problems (which are more than just about 40mph) I will continue to consider for SEE its an open goal!
Terry lewbo et al
Dont get me wrong im not worried about my investment here or autonomy, I just see that as the solution that they big boys are aiming for, there is a lot of noise about pollution in big cities, climate change and grid lock. Connected autonomous cars would solve a lot of that. Its IMHO, I will be outta here and hopefully retired with the money I make here. Too many things happening here for it to fail.
Phil I wouldn’t worry what’s coming with autonomy in 5,10 or 15yrs. After we sign up most of the majors in the next 12 months and position nicely as world leader I doubt we will not be bought out by 2021. Bonus is it’s the only way we will make proper money aswell. I’ve got a big holding and Iam still confident in what’s coming. Only bad side was buying so many from 6-13p for me so my average is prob a bit high. Topping up at these levels in my SIPP though is slowly bringing my averages down.
I agree Leon & I too have increased ,although not by 50% as I already had a large holding ( by my standards) & my average cost is sound 4p .There is a fair chance we will reach 6/7p again in the short term ,depending on newsflow,& I will have to then decide whether or not to take some profits to reduce my average .
Chris, nobody can disagree with what you said. We are currently loss making and the auto revenues won't come in probably until 2020/21. Fleet was messed up but appears back on line and if we hit 27k installs by June 2020 will bring in a chunk of change. Aviation and rail are growing, who knows where that could take us. Now my opinion for what it is worth points to a successful fund raise. Why people focus on PI fund raise and forget about the IIs that have bought baffles me. SEYE broker Vicktor when he said that FCA had gone down the drain (or words to that effect) said that SEYE had lost FCA to the only known other competitor in the current round of RFQs. So its either us or them. Some OEMs will go cheap, some wont, both companies will win. Ive increased my holding by about 50% at these levels. Do i sleep ok at night, yes, why? Cause it isn't 2020/21 yet. I get concerned for some on this BB. I know some at deep under water, but nobody is happy with the way things have gone even what some have described as Uber investors. Its just that some dont moan all the time. Some do which is in their nature O suppose but it wont help them or anyone else. If i found this too stressful i would sell up and take a break from AIM. Its brutal, but there are some nuggets there and IMO this is one.
It will be interesting to see next week who has declarable stakes in us ,although I doubt whether SoftBank ,Waymo or Intel will appear on our Register I hope for some solid long term supporters
Softbank are covering every eventuality, a lot of AV investment will end up as zero, if one believes AV is less than 10 or 15 years, why invest in SEE?
The fact we are still loss making and AIM listed must deter larger investors. Hopefully large auto contract wins over the next 12 months, better cash generation via a growing fleet business and hopefully sufficient cash on the B/S can start to alter some perceptions. I'd expect that there will also be a growing awareness of DMS as we approach Euro NCAP 2022.
On anther matter. I think there are a few good companies on AIM amongst the dross, yet I've sometimes wonder why I have bothered investing on this exchange. SEE is often fairly illiquid, yet there are other companies on this exchange - some of them potentially pretty good - where you only have a couple of trades going through on a daily basis and sometimes none. I find it quite staggering to be honest and sometimes question the wisdom of getting involved in it.
Phil, take some time away from this board.
Well its just SoftBank are investing 1bn into something thats not going to work? I dont think so, look at the evolution of mobile phones, its years off but if you take humans out 5he equation it will work a lot better and I recon thats whats gonna happen, connected vehicles which know who are in the vehicle and will charge for fag ends and beer cans being left behind, there is no comeback for vandals and litterbugs because nobody does pulls them up for it, if they were gonna get charged for it they wouldnt do it. I know we like to drive now, but eventually we will get chauffeured cos we are basically a lazy race and we could be looking at our phones instead. Yeah years away, but technology moves crazy fast. Why are our shares not being snapped up?
1/3/19 Adrien Gaidon, Machine Learning Engineer, Toyota Research .
"We have our first project for long term autonomy which is Chauffer which is level 4 autonomy every where all the time. That's a long ways away". @3m30s
https://www.youtube.com/watch?v=jBIYRoAQJuo
Waymo CEO John Krafcik explains why a parking lot is one of the most difficult environments for a self-driving car https://www.businessinsider.com/waymo-ceo-john-krafcik-explains-big-challenge-for-self-driving-cars-2019-4
I'm not sure it will ever be technically achievable for me to be driven in fully autonomous mode, all the way from my own home in the NW of England, to say the Glasgow area should I wish to visit family members. I just can't see it any time on the horizon nor can I envision it in my own lifetime if i'm honest.
As for a ride hailing service in a city locality. Who'd fancy it? Not me. I used to travel to work regularly on trains and got fed up of the state of them. If it was in say South Korea, no probs. Where I live, no way. The seats would sometimes be full of litter and the interior would perhaps stink of fags and booze.
shall
and about 50 million cars made a year lol
Of course, SEE does have over 2 billion kilometres of data that might be of use!
AV has a long way to go, the lack of real time testing is a big drawback. The current testing does not bode well - https://mobile.twitter.com/meharris/status/1118924708030738433