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Blimey Baxter on the positive trail some others not posting as yet today.
Shout out to brockl who said quote
"220,000 won't cut it from auto. Needs to be 300k minimum."
Nailed it.))))))
Baxter, despite your understandable long held negativity, it's lovely to see you have developed a wee fan club here (re - up-ticks on your post).
Wishing you (and my investment) well,
Sandy.
The market is going to realize soon how conservative the SEE management has been.
@Terry i feel the gen3 production start might be few months down the line, given the lack of news. Its safer to be have conservative estimates whenever hardware productions are concerned. A new hardware product, i would assume there are production issues that need to be sorted out.
Aviation and Gen3 production start and increased auto royalty will add a 0 to this valuation
What's not to like here? It's a glorious day and finally, SEE look like they're about to make their move upwards. Promising numbers there meaning breakeven is sharply coming into focus.
Agree with Taverham. This just has to be a takeover target in 2 to 3 yrs time. How much is anyone's guess, but will be bags from here.
Having been here since 2013, our patience has been tested to breaking point. Let's hope we get the rewards we deserve for holding firm.
GLA
We also have a few additional models ramping up this year too, presumably this is ford.
Will be interesting to see how quick Paul announces over 2 million vehicles.
As the saying goes silent waters run deep
Baxter
This is the warm up TPIs only. Aug release will have 3 months of vw and bmw & should start seeing gen3 start producing. On top of anything else starting.
Can’t argue with those auto numbers. Maybe it really is exciting times ahead
At some stage this company surely has to be the target of an oem or an autonomous driving company such as the one that raised 1bn today.
No not on here still atm? Someone at lse had a lay in lol
https://www.voxmarkets.co.uk/rns/announcement/b5dcbfd5-060f-4b10-ab9c-5b0c1cf22054/
I can’t see the RNS notifications on the RNS icon on this page ?
I agree Glandore. The serial disappointer exceeds expectations at last! Feeling much better now!
I've had a limit order set to bottom feed but cancelled it and banged it in this morning. I think these numbers are good enough to see some more adventurous institutional buying in the coming days and weeks.
I started buying this back in 21 and said then it would be my share of the century. Happy to wait but definitely expect to multibag within t(e next few years.
Those numbers are comforting at last….
With lowering costs, and cashflow break even on track we may well be able to recognise a deferred tax asset as of 30 june 2024 ,which according to M Ive (last but one investor meet question and answer I think) would mean a profit after tax for the first time, and a positive eps .Happy days
Good joke hagd re the jimmy choos- is your mrs a young stunner?
I do very much like the confidence from the CEO when he says "with over 744,000 units in Automotive production year to date, we can confidently expect our annual run rate to exceed 1 million this financial year and expand beyond that as more programs start production across our current won business".
Over one million units in a year which will more than double every year going forward....... not too shabby some would say.
Apart from, Exciting Times Ahead!
Great numbers, as if there was any doubt. So strong they have broken the LSE RNS reporting tool.
Well done SEE - onwards and upwards - break even coming :)
Strong numbers indeed!
Good strong numbers.
Nothing more to say.
Q3 FY2024 KPI highlights:
- Cars on road increased to 1,830,207 units, representing an increase of 109% from 12 months ago (Q3 FY2023: 874,851)
- Quarterly production of 313,662 units up 51% from the previous quarter, including contribution from world's first interior cabin monitoring solution, which started production in March 2024
- Monitored Guardian connections increased by 22% during the last 12 months to 59,706 units (Q3 FY2023: 49,046)
Good numbers. Also to note the cost reductions, my assumption is a winding down of close to 80 contract resources and possibly 15 percent reduction in employees, non engineering
We have worked hard this past quarter to remove cost from our business as part of our disciplined
approach and rigorous operational focus. As we see our high-margin royalty revenues increase, we
reiterate we are on track to meet FY2024 expectations and achieve a cash break-even run rate during
FY2025.
Cars on the road is absolutely at the top end of what I thought was possible, 51% qtr on qtr growth is very impressive
Thats important but cost control is also, so the extract below was very pleasing to read.
"We have worked hard this past quarter to remove cost from our business as part of our disciplined approach and rigorous operational focus. As we see our high-margin royalty revenues increase, we reiterate we are on track to meet FY2024 expectations and achieve a cash break-even run rate during FY2025."
Its all about the KPI's..........