Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Nice when laid out like that Terry, I'm also working on the assumption Mobileye know a thing or two, back to lurking Gla.
Strange that no one really mentions Fleet today and in reality its where the steady income in the background comes from.
Each Fleet contract over 6 years could be worth 50 auto in year 1 and 250 cars over 6 yrs.
So nearly 3000 new Fleet sales could be equivalent 150,000 cars in Yr 1 and 750,000 car equivalent over 6 yrs av contract. Based on $30 month monitoring and $1000-1200 hardware.
The next 2 TPIs should give a good indication on where its going in the future!
For trimming at the bottom. It was like a viking sacrifice... to save the rest of the clan.
That chart should make it obvious to anyone with a brain that the AIM can misprice companies materially...
GLA. I'm back into hibernation as my spirits were much higher and calmer when not reading this board. Longs well be rewarded handsomely.
BMW’s strategic footprint in China’s automotive landscape broadens significantly with a new investment of 20 billion yuan ($2.8 billion) into its Shenyang production facility. Announced at the 2024 Beijing Motor Show, this commitment represents a profound escalation in BMW’s ambitions within the region, bringing its total investment in the site to approximately 105 billion yuan.
This substantial capital infusion targets the initiation of BMW’s Neue Klasse, an exclusively electric vehicle lineup scheduled to begin production in 2026. BMW CEO Oliver Zipse highlighted the company’s three-decade triumph in China and expressed optimism about its continued prospects in this vibrant market.
The investment will enhance the capabilities of Plant Dadong, BMW’s first manufacturing site in China, preparing it for the Neue Klasse production. Zipse noted the reciprocal advantages shared between the BMW Group and Liaoning province, home to the Shenyang facility. This strategic expenditure aims to transform the local manufacturing landscape into a more intelligent, sustainable, and efficient domain. Additionally, BMW leads a 10 billion yuan initiative for developing sixth-generation batteries at the same location.
BMW’s 2023 operations in China yielded impressive results with the delivery of 825,000 BMW and MINI vehicles, a 4.2 percent year-over-year growth and representing 32 percent of the BMW Group’s worldwide sales. Notably, the demand for pure electric models escalated, registering a 138 percent increase compared to the previous year.
https://www.autoworldjournal.com/bmw-invests-2-8-billion-in-china/
Overall, the pure electric vehicle (EV, or BEV) share of US auto sales was 6.9% in the first quarter of 2024. EV sales increased slightly compared to the first quarter of 2023, but overall auto sales increased more, so EV market share dropped from 7% to 6.9% year over year. It was also down from the 4th quarter, which had a record high 7.9% EV market share. Still, it was up from 4.5% in Q1 2022, 2.4% in Q1 2021, 1.4% in Q1 2020, and 1% in Q1 2019. Was this just a slight dip in EV market share growth? Or was it the beginning of a downward trend, or at least a leveling off? Given all of the benefits of electric cars, their ongoing cost reductions, and growing model variety, I assume this was a temporary and uncharacteristic drop in EV market share.
Looking first at auto groups, we can see that BMW Group became the #1 auto group in the nation for the share of its sales that were electric, at 13.6% share. In second was Geely, which was at 10.6% share, and then another big German luxury automaker, Mercedes, came in third with 10.1% share. And then you’ve got the third of the big German auto groups, Volkswagen Group, scoring 9.4% share. So, three of the top four auto companies were the German Big 3.
Getting to mass-market brands, the Hyundai–Kia collab had 5.1% share, a bit more than Ford Motor Company’s 4.2% share. GM was down at 3%, Nissan at 2.2%, and Toyota at a shameful 0.6%. Honda’s not even on the board.
https://cleantechnica.com/2024/05/06/cadillac-audi-bmw-now-leading-in-share-of-us-sales-being-100-electric/
Along with strong Maverick and Ranger numbers, April truck sales figures show that the Ford F-Series remains America’s number-one-selling truck.
Ford followed up a strong Q1 with positive truck sales numbers for April. It was the hybrid trucks that made the biggest gains. Ford has been selling hybrids for over twenty years, and April marked the best hybrid sales month Ford ever had. That is probably not all that surprising as Ford and other manufacturers continue to push more hybrids and EVs. And what is likely the least surprising news you will read all day, the Ford F-Series continues to be America’s number one selling truck.
Driven by the F-150 PowerBoost hybrid and Maverick hybrid models Ford sold 17,997 hybrid vehicles in April. That not only set a new monthly sales record, but it is also a staggering 59.5 percent increase over last year. The F-150 hybrid alone saw sales of 8,292 units, which is a 93.6 percent increase. That was enough to make the F-150 hybrid the number one selling full-size hybrid pickup truck. The second place Toyota Tundra hybrid trailed by 3,205 trucks. Year-to-date the F-150 hybrid is outselling the Tundra hybrid by 2,263 trucks.
The April truck sales story would not be complete without calling out how well the Maverick continues to sell. Again, it is the hybrid model that is grabbing the headlines. So far this year Ford has sold 26,061 Maverick hybrid trucks. That is an increase of 73.2 percent over the same time period last year. In April alone 6,401 Maverik hybrid trucks were sold. That is an increase of 63.5 percent over April 2023. And the Maverick is winning over buyers that previously owned other brands. 59 percent of Maverick buyers switched from another brand. The Maverick is America’s best-selling midsize pickup and 51,138 of them were sold through April. That is up 82.2 percent over the same time period last year.
https://www.ford-trucks.com/articles/f-series-trucks-are-number-1-in-april-as-ford-breaks-hybrid-sales-record/
FORD
While Ford's total sales were 3% lower compared to April 2023, sales its hybrid vehicle lineup increased 60% from the same month last year, setting a new monthly sales record, led by the F-150 PowerBoost Hybrid, which boasted a 93.6% increase in sales.
Ford said the impressive performance reflects a broader trend in consumer preference for more sustainable and versatile vehicle options. The new 2024 model of the F-150 Hybrid has particularly resonated with customers, many of whom opted for the 7.2kW Pro Power Onboard feature, which allows the truck to supply power not only to job sites and tailgate parties but also in emergency situations, such as power outages.
The best-selling hybrid pickup overall for the year, the Maverick Hybrid, sold 26,061 units in the first four months of 2024 alone. Ford said 59% of Maverick Hybrid customers are new to the brand, switching mainly from small SUVs to the smaller, more efficient pickup model.
https://www.autobodynews.com/news/automakers-report-strong-hybrid-ev-sales-in-april#:~:text=place%20Ford%27s%20170%2C302.-,Ford,a%2093.6%25%20increase%20in%20sales.
Stellantis has confirmed it is bringing nine brands to this year’s Company Car in Action (CCIA).
The fleet test driving event, which takes place at Millbrook Proving Ground on June 12-13, will enables fleet decision-makers and leasing company stakeholders to put around 200 of the latest cars and vans through their paces on four unique circuits: Alpine hill, high speed bowl, last mile delivery circuit and off-road route.
Stellantis will be bringing models from Abarth, Alfa Romeo, Citroen, DS, Fiat, Jeep, Maserati, Peugeot and Vauxhall, showcasing its expanding range of electric vehicles.
Tom Ray, B2B operations director for Stellantis said: “We are delighted to confirm Stellantis’s attendance at CCIA. It’s an important part of our fleet calendar and an opportunity for our teams to meet with our customers and partners and dynamically demonstrate our latest models and technologies.”
On some of the models Stellantis will be bringing to the show, Ray added: “We are especially excited to be introducing the all-new Peugeot E 3008 and 208, the Fiat 600, the Alfa Romeo Junior and our totally refreshed commercial vehicle range from across the Stellantis brand portfolio.”
Maserati national corporate sales and approved used manager, Howard Dalziel, commented: “Maserati is delighted to be showcasing the best in luxury performance at CCIA this year, alongside its fellow Stellantis Brands.
“With the new fully electric Folgore models of Grecale and GranTurismo now available, a Grecale Folgore will be in attendance alongside its mild hybrid Grecale counterpart, and with the sensational Maserati MC20 also on display.”
The group joins a growing list of manufacturers confirmed for this year’s show who are bringing their newest cars and vans for fleet decision-makers to test.
Away from the steering pad, CCIA also offers fleets the chance to network with major brands’ fleet teams as well as hear from expert speakers who will present on key topics in our daily seminar sessions, that this year will look at workplace electric vehicle charging and feature a panel of manufacturer fleet representatives discussing future products, BEV transition and technology developments.
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?