Just been watching the 2 recent videos again listening to phrases used. Also been looking back over a number of previous videos, and all of them have been accurate in outcome. https://www.youtube.com/watch?v=4kAZyW5FUJA#t=72 55 seconds in........... IUM will buy the hardware from seeing and give it to their customers, the customer will pay the monthly fee, data will be shared. (will & 50/50 cost split) https://www.youtube.com/watch?v=hK4n8RpXn8s 2 mins onwards particularly 2.33 ........initial launch at truck show in Ohio, sales will be 4-5x total volume sold in mining to date 16000 to 20000 units. I guess Hong Kong will be busy churning out all those units next 3-4 months, $74m in revenue possible if you use the figures i got. Best bit is the annual fees which are $30.7m per year. probably need $15-20m to cover the manufacture costs, now explains the need for a little cash injection. Roll on June, Linfox will be buying, fleet is 5000 but not sure if all will have, a little bird told me. Sit tight :)
Thanks for the replys. Hope they get the money; Ken is quite frugal to my understanding so I imagine any money he gets his hands on will be put hard to work. Should RNS it if they do; put FAO Earlofspankspank as the RNS title.
FedEx Commercial Fleet
In Atlanta on Friday a Fedex truck left the motorway and crashed into a stationary police car. Luckily the policeman wasn't in his car but the truck driver was seriously injured and the truck and police car are write-offs. Watching it on US tv it appears that the truck driver fell asleep or at the very least was distracted and took his eye off the road. I was watching it with my wife and she now understands what a great product SEE has as it will help prevent such incidents in the future.
NY Times - Google
Article in yesterday's NY Times about Google and their 'driverless cars' project. Couple of interested things I took from it. 1) It seems to be a pet project for the CEO, so they have loads of money to throw at it 2) they expect to make lots of progress in next few years but are realistic that the first steps are to move to cars with lane alerts, driver distraction alerts etc 3) they are not trying to do it themselves, looking to partner with car industry and the only company mentioned in article is General Motors May not include any SEE tech but I found it interesting
Further to Earlsfields comments below: The tax rebate, will more likely be treated as a one off item to the P&L - therefore most likely regarded as exceptional and a "one off"(little out of date with new terminology under the International Accounting Standards). These items would more than likely be excluded from projections, unless it is certain to be received as a recurring. Debtors paying up without any incurring bad debts would be very positive for any organisation and help fund their operations and strength in the underlying balance sheet as measured by the financial ratios - e.g. Free Cash Flow (fcf) and other liquidity ratios. Hope this helps.
RE: Any thoughts
GB, I agree commercial fleet looks to be huge, and should lead to a large increase in turnover. What I like about this company is that it has a number of markets for its products; 1) Mining, established and growing via CAT deal 2) Commercial fleet, large order (Ken has suggested circa 20,000 units) expected in April 3) Auto, 15 year deal with Takata, GM signed up, talking to 10 OEM's 4) Aviation, announcement / business plan to be published in next 30 days or so 5) Consumer Electrics, MOU with Samsung So we have a number of markets and our partnerships are with household names; - CAT - Takata - GM - Samsung
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.