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5.5 to 4.775 in under 2 weeks , what more of a rocket does this company need to inform shareholders of any progress from last year , its FACTS we need not supposition and opinions that seem to be plucked out of the clouds , as always , we live in hope and have A GOOD day
S2020
Add to your list the Bison 350 units
S2020,
On the whole P Mcimmimmimminent has delivered on what he has said in video interviews etc. I consider the post imminent Aviation announcement to generally be the exception rather than the rule so far . With that in mind I expect Fleet figures to reflect his statement below and show a 'dramatic' improvement when we finally get them.
"The market understands very well ,through out last year we had a lot of problems with Fleet, they were primarily in the first half those problems were fixed we saw very dramatic improvements in the second half and we expect those improvements to continue over this year and next"
Paul McGlone
@5.20 https://www.youtube.com/watch?v=sONYLxRiymc
I hope you are right Terrym and hopefully we will find out soon, but until I hear it from the company themselves it’s all just peoples opinions.
Nothing really materialised from geotab and mix, yet when they were announced the talk was the same - ie how many fleets they have on their books, market potential, predicted volumes etc...
Just because we have distributors signed up it doesn’t mean they will sell large volumes or even any on our behalf.
We need to hear some good contract news from SEE to get this SP above 10p before any buyout otherwise I fear we are all going to be mightily disappointed.
I mean there is plenty of liquidity - i.e demand for the shares, just not that many available when they are in demand.
During the CES announcements and the demand for SEE shares i got a real sense that MMs were short of stock.
Anyway, hopefully we'll get a good update in the next few days that summarises CES, updates fleet and elaborates on the partnerships we announced.
Isb
We have 10 distributors on the website. On top of this we were told we have a new Turkish distributor. Then add UK, NTI insurance. Add any more signed up, which we should be told on the update. What about N America?
I asked at CMD whos the best install team? Sure someone said Thailand can do 100 in a Week, so they must of hit that figure, so whats their average weekly? 50,60,70,80,90? Whats the max they done in a week?
13 Distributors average 50 each is 33,800 P.A.
So I would think/hope we may be on 30,000 + by end Dec?
Recent share price movement has been frustrating but nothing goes up in a straight line and whenever there is a rise you will get people profit taking. At least the general monthly trend is upwards.
Sooner or later this WILL rerate to the upside, it IS inevitable. We have many OEM wins in fact it seems we are cornering the market, but that is just my opinion...
Until then, expect sharp movements in share price. There really isn't much liquidity here with Lombard mopping up the majority of shares available.
Seeing2020, all looks good on paper, but will it all happen when it says it's going to - Autosense for example - said they were going to treble, but what happens if their 1,300 only got to 2,000.
Surely if things were going really well on fleet they would be shouting about it by now?
I'm beginning to think credibility is seriously going to be tested here over the next few weeks, a trading update or just interims in March and whether the aviation news ever materialises is definitely going to show Paul as either a credible CEO who can be trusted or just a complete b * l l s h * t t e r
Well looking further back we have this announcement in May18, my view with all the Fleet issues this 2,500 units slipped, however you will notice it has an end date of 31st Dec 2019, my view is we have had a very busy 6 months in fleet....
"16 May 2018 Seeing Machines Limited (AIM: SEE) (“Seeing Machines” or the “Company”), an industry leader in computer vision technologies which enable machines to see, understand and assist people, is delighted to announce a significantly extended agreement for a further 2,500 units of the Company’s fleet product, Guardian, with Western Australia based distributor, Connect Source. The Guardian units are expected to be sold and installed into the distributor’s customers over the coming 18 months, and will include ongoing monitoring services, with an agreed timeframe for all installations to be complete by December 2019. "
#TeamKitchenSinked
S2020.
You missed out Mix Telematics!
Oh, hang on....
I have been reading the recent Fleet RNS's as in the absence of a Trading Update from Paul McShortly I want to reassure myself
So...
1) Installed base end June 19 was 16,000
2) Target for year to June 2020 is 27,000-30,000
3) Cenkos financial forecast is based on "less than the 27,000 installed base target"
So I would conclude that 20k+ installed base at 31/12/2019 and we will well over perform the financial target
So start point is 16k, and we have this RNS on 13th June 19 (17 days before end of previous financial year) so safe to assume the trebling by Dec 2019 happens in the current financial year
RNS Extract 13th June 2019
" Autosense has renewed distribution terms with Seeing Machines and intends to treble its current installed base by the end of 2019. "
so the NZ distributor stated it would treble its installed base in the 6 months to 31st Dec 2019, how many new units is that ?
Well this article quotes 1,300 and trebling to 4,000 , so I am going to assume 2,500 in the 6 months to Dec 31st
http://www.autosense.co.nz/driver-fatigue-monitoring-cameras.html
so just with the New Zealand distributor I get from 16,000 to 18,500.
What other evidence do we have ??
So,
Base 16,000
Autosense 2,500
Nat Express 700 (end July 19 RNS)
Dubai Buses 375
Mexico / Latin America 500-1,000
So I'm getting close to that 20k just on the few examples I have reminded myself of this morning.
#Team300