Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
No, I wasn't going for you DR777, Just taking the excuse to show how figures could be manipulated to tell different stories. We know that SEYE like to imply one thing while crossing their fingers behind their back with the excuse that what they said was still technically correct.
Of course Sophie avoids this problem by using the Ronan Keating school of PR
This is from the Smart Eye update "We estimate that 30% of the world's car production will be procured before the end of 2023, with planned production start from 2024 onwards. It is our definite intention to be as strong as possible before the next wave of procurements, and thanks to the issue, we have very good conditions to be able to do so." So although they maybe claiming 11 out of the top 20 OEM's this would suggest that they are below 30% of the market and there is still a lot to play for and even after 2023 there will still be 70% up for grabs!!
TLS,
I was very careful. I said of 'that ' market. I don't assume anything until I know.
My comment was also tongue in cheek.
Of course we have a new "competitor" entering the market in 2023. I expect that they will quickly eat into the SEYE market share in subsequent years (and ours) but luckily we are supplying Qualcomm with our technology, so we get paid either way.
In case you missed the thread, this was my Smart Eye estimate
dr777,
Be careful with your maths. Taking 2017 annual sales from https://en.wikipedia.org/wiki/List_of_manufacturers_by_motor_vehicle_production
11 out of 20 OEMs could be 80% or it could be 32% if you assume that they are taking all the production from those OEMs and that that worldwide production is only by the top 20.
Since they probably include Audi as part of VW as their wins (even though they have never achieved production), and a small part of GM even though it is likely for Chinese market only, we can further temper their figures. I would guess that they have more of the 1, 2 and 3 million a year OEMs and hardly any of the 10 million a year OEMs Toyota and VW output.
My rough analysis assuming that they do still get 100% of some European groups is that based on the OEMs that I think, that they think they have won is likely to be closer to 25-30% of cars with DMS. These are rough figures and purely based on my untrustworthy opinion
Here's the top 10 for 2019. Not sure how many Seye have here from the 12 in the top 20 they are claiming....
https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/
We have been told countless times that OEMs don’t like all their eggs in 1 basket & we may well have the exact same customers
This bit:
meaning significant savings from less travel and fewer trade shows etc.
Will also be relevant for us no doubt.
12 OEMs among the largest= 60% of that market . Interesting
Latest diatribe from Redeye today: -
Redeye saw nothing in the Q3'20 report that would sway our conviction regarding the Smart Eye case. On the contrary, market shares could be a bit higher than we expected.
Smart Eye states that 11 of its 12 end customers (OEMs) are among the 20 largest in the world. These are great news, suggesting that some of the OEMs could be larger than we initially thought. This was the single most interesting data point of the report.
Q2 sales amounted to SEK 15m, as expected. The operating loss was significantly lower though (SEK -13m compared to expected SEK -21m). Short-time furloughing only amounted to SEK 2m, meaning significant savings from less travel and fewer trade shows etc. However, this should now reverse with the SEK 189m directed share issue. As for the Corona effects on the market, Smart Eye stated that the situation improved a lot in September, which likely was a deciding factor behind the capital raise.
The Q3 report matched the increased expectations of the stock market. The stock is currently up 6%. We believe there is a strong news pipeline that could push the stock further.