Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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It's a global economy out there...Hyundai suspended car production in South Korea.
https://www.cnn.com/2020/02/05/business/shipping-coronavirus-impact/index.html
Chris100
How would it hit SEE? Atm it isnt unless installing units in China, which we are not? We prob have a few months worth in stock due to the large order, if its made in China? Not sure where manufactured?
Its only if it rumbles on for a few months it could hit? If made in China? Or if some components are made in China. Depending on factory closures & where its made ( or components)
Then you could see any or all of July/Aug/Sept being delayed on installs if stock dries up on Guardian units.
Cash flow at 2000 units month is only A$ 106k per month delay, so minimal atm unless drags on for a longer period.
One supplier i work with has 7 big factories in China and 6 are closed so $ millions per week in lost LED wall sales.
Could be worse, imagine a UK/Chinese Co with chinese staff having to go Russia for work in oil/gas or something. Russia just banned chinese coming.
In one of the interviews last week PM said SEE had recently received its first batch of Guardian units from the bulk order which may be enough to keep the installments going for sometime. Perhaps someone may have already asked the question? And, possibly due to the efforts of China and the warmer weather, it may have gone past peak point already.
Interesting that SEYE use the virus to explain away the poor results. The UN received its first report about it on 31/12/2019 so I doubt it had any effect last year. Now and going forward, probable but as someone said on Avanza, how? it's software.
Martin might have been better to told people when the 'delayed' models were due!
Let's see where the virus is at come spring/summer time and warmer weather.
Chris, I think the Coronavirus is relevant to any firm that has a product manufactured in the Far East..
It's warming up in the Northern Hemisphere in the next 2-3 months. That should help to stop the spreading of the virus. Though quuite honestly I don't see how it's relevant to SM, who don't seem to be targeting China. Just more more horses**t being flung around on here by people with an agenda.
Where are those US funds that Paul McGlone mentioned? Clearly, they're on the sidelines waiting for further proof before jumping in. Whenever, those contract /license RNS do get published this will rocket. If SEE include a realistic value for them and mention the phrase "funded to profitabilty" we'll be off to the races. Of course, it may be delayed by fires/flooding/Corona Virus, US elections, Brexit (ongoing, sadly for those who think it has been 'done').
Esco...in short term of course a positive as II builds a position, however one should also look at the track record of the II and their propensity to pick winners. That I can't tell from publicly available information on LO.
Also wary of too big a position being held and the holder turning bearish or forced seller ala Hunter and Superannuation.
All part of life rich tapestry. Time will tell.
Not sure how an institutional fund buying SEE could be detrimental to the SP?
It can't, just CFP having a pop.
Zequic... LO underperforming - yes
Not sure how an institutional fund buying SEE could be detrimental to the SP? Unless they have nefarious reasons. That tail wind seems to have dissipated given they have little room to increase holding due to take over regs.
Illusionary correlation - I never suggested that.
This virus is having a huge knock on effect with supply chains that will, as other posters have stated, be seen in the coming months.
Factories are shut - people are being told to stay at home. I have a friend who lives in Shanghai and he likened it to a ghost town currently.
I also spoke with an acquaintance who is involved in distressed consumer space and he is licking his chops at the opportunities he expects to see over the next 6 months.
The virus excuse is let's just say...... convenient and interesting timing given it seems to have been in full force since January so a little early to drag down SEYE financial performance?
CEOs will grasp onto whatever they can to explain underperforming market expectations.....didn't KK trot out Brexit in one of his last updates?
I see, the assertion is that the LO fund on a whole is underperforming, not that their holding in SEE is detrimental to the SP. illusionary correlation maybe ?
Zequic....I am unsure auto what CFP is exactly referring to, however two shares that LO have been involved in, one with loose connections to SEE via Menon and Lorne Daniels haven't exactly been darlings of the Stockmarket per my post 1/28.
Wameja (name change from Earthport I believe) was a share mentioned by Mr Menon when priced at 5.95p.(haven't looked to see if any dilution). Currently 6p. Our old acquaintance Lorne from Finncap was the analyst and had a price target of 20p back in 2018.
I am not having much luck in getting portfolio level detail for 1798 (LO) but another share they are on the board at is Woodbois. Again share price performance underwhelming.
The funds overall performance is...meh...from my view. Not awful not stellar. 2019 up 9.55% net. That compares to their benchmark performance of 10.38%. Note this is the multi fund level performance not Volantis performance.
CFP,
I am curious how the would achieve this? As I have a large holding in SEE I would be genuinely really interested to hear the rationale behind the assertion.
Colin had SEYE at 5%-7% market share at the CMD.
Btw, it takes some genius to produce marketing that produces a share price decline for a world class company such as SEE. We are now almost at 4.1p. Please Paul McGlone no more interviews until you are prepared to discuss a contract or license deal.
Given SEE has news that it could put out to allow the share price to fall like this is very disappointing. Still, I guess it enables friends and family, not to mention IIs to buy at bargain prices.
Shares
I thought ay CMD Colin had them at 7%?
some news out.
Great points Terry. Time to get
Let’s not forget, Byton is made, and due for release in China, I guess that will be delayed now.
Colin, clearly bows a lot more about DMS than I do, but SEYE ending up with only 5% I find very hard to believe.
Immonoloply?
Even Martyn doesn't seem confident anymore, blaming the Virus is weak imo.
Colin said 5% of the market for SEYE, I trust his opinion
Makes me think of my favourite board game
#Team300
ET.
I still think SEYE will do well but maybe not as well as they originally thought. Their shareholders will still be happy at the end of the day, but maybe (hopefully), not as happy as we should be once the news starts flowing.
All IMHO of course.
Map
We can add that to the old news of
1. Volvo?
2. Uber or Waymo Bdms?
3. Toyota?
4. Honda?
Good time to get on the phone for permission to get some stuff out there :)
I'm expecting a lot more companies that are in difficulty to use the "Corona Virus ate my lunch' excuse. Clearly SEYE has now caught a bad dose of market reality. What next? Huge price drop and eventual take-out on the cheap?
Someone should tell Sophie that now is great time to put out positive news about how far ahead SEE is. How about the winning of a Korean T1. I know it is old news but it is old news that SEE hasn't yet made public.
Not a good position to be over reliant on China at the moment.
Would SEYE investors start to switch to us as soon as we get a good RNS? Whenever that will be!