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S2020
As a PI it gets changed to Dunce ;)
In the investment industry that's know as "doing a Bunce"
Getting senile. Old interview that but i dont remember it :)
Will wait for new one then.
That's not from today, that was just to show the QC quote
In the middle of a non deal roadshow atm Paul said. With UK & US investors.
Be nice to get a few more big boys onboard :)
Aconcept
Scroll down its been posted. Just listened to it & very impressed.
Seems like ready for take off over next 6-18 months
My view!
QC is additional to the share of A$900 but also medium term - PM mentions 2023. At that point income takes off... IMO
Has there been a proactive interview today ?
PMG was always using a very conservative 30% win rate of RFQ's although he did accidentally drop a 40% into the conversation once and then back-tracked to 30% again in the next breathe. However the consensus I believe from Colin B was that SEE would likely win 70% (A$630m) and I'm happy to go for that very conservative percentage :)
Urban, that's why I was clear on facts and opinions, the A$600m is in the "my view" section
Another one to ponder is does the A$900m include or exclude QC, listen from 17 mins and see what you think, when he says "won" I think he means issued....
https://www.proactiveinvestors.co.uk/companies/news/940243/seeing-machines-ceo-says-first-half-has-been--period-of-growth--as-landscape-hots-up-940243.html
'Seeing Machines is well placed to win at least 30% of this business.' (900m - RFQ pipeline).
Sorry to be picky, but much though I like the promising RNS, I can't yet manage to interpret this as the 66% (600m) SEE win that S2020 arrives at...
Patience will still be needed.
Thanks Seeing-2020.
That make more sense, so PM is correct in his use of terms.
What he gave is the value of outstanding RFQ's of which SEE is hoping to win the majority.
To me this all looks very positive and a progressive step towards breakeven and hopefully finally profits, particularly like the cash position of $47m at year end that should hopefully remove the need for another cash call. This should all help drive the price back up to 12p in the short term IMO.
Phil01
The facts
- they told us previously of a huge increase in RFQ in November 2020
- today they tell us the value of live RFQ is A$900m+
- Europe, North America and Japan
- we are now working with 16 Tier Ones, previously about half of that amount, I can't name 16.
- Fleet is a standalone, profitable business
- cash was A$11m above the Cenkos forecast
My View
- we win A$600m+ of the RFQ
- Aptiv is one of the 16, killer blow to SEYE
- Honda is one of the Japan wins
- auto orderbook of wins will be above A$1bn in 6 months
- something big will happen in Fleet
Finally, literally, a rightmove agent was spotted in Canberra today, price on application but its 100p+
Numptypi
It's cars
Is it 100,000 cars, I was assuming that the 100,000 vehicles mentioned was including fleet numbers.
This is the first time in recent years I can remember SEE giving pipeline (SEE have responded to RFQ) numbers.
They will have a degree of confidence/understanding of where their partner T1's are in the mix.
Of course T1's can offer more than one T2 but to be associated with 16 T1's is remarkable.
Well imo, after the fleet mistakes of yesteryear I don’t think they will be throwing large estimates down without being extremely confident of signing those, especially the Japanese ones which look to be driving around with our tech in them, i am also assuming the North American ones are the yet to be announced GM ones which we have all be asking for some monetary value to be attached and finally the European ones are the Mercedes ones as mentioned in the EE times article i posted about the same stack being fitted to all models with a subscription model planned.
Thanks Lewbo 18.
Wish PM will use different terms like Design wins so that his communication is clear.
Been long in the industry and putting things out for FRI, RFP and RFQ and believe the meaning is an industry standard. It will help if PM will ensure his use of terms is clear. Here he is using the term RFQ but wants to convey that SEE has responded to an RFQ which has has been accepted by the ODM.
You can't interpret the $900m as won since SEE havent announced wins yet. You could interpret SEE winning a good portion. IMO.
And you could interpret at least this value of RFQs each of the next several years.
100,000 cars with SEE tech is great so far, and we've only just started...
The 4% sp rise answers that question!
RFQ pipeline : Can someone please help clarify what exactly we are supposed to red this.
RFQ is a Request For Quote, so does the stated value mean that SEE has bid for the contract or are we to interpreted this that they have won the bid hence this is now an outstanding contract value?
Just need some context before I start counting my chickens.
DR
Yes, other than the facts that SEE is a Tier 2 and has not been known to go direct, that's what Tier 1s are there for!!?
Red: not to be picky, but that would be 17 including us directly.
How much value will cenkos put on auto with $900m revenue pipeline?
Plus Guardian now bearing fruits (installations much higher then anticipated 32, 0000 + 5,000 still needing to be installed)
(37,000 x 30pm = $13.5m - not bad at all)
What about aviation?