Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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There is a difference between ‘glitz and glamour’ and being professional - this is a $150m company we are talking about.
Didn’t someone say you should present yourself as the person you want to be, not the person you are?
I always wanted to be a beach bum...
Spot on PM44, agree 100%. As I have stated before most aim companies do the glitz and glamour interviews and bullish RNSs for one reason only, raising funds. What's the point doing PR to PIs and IIs unless you tapping them for cash.
Aim is littered with companies whose CEO s are constantly bagging up,prospects without delivering resulting in SP spikes which are then deflated ,causing stress & losses for many PIs .Managing investor expectations is always a challenge but I would rather have a conservative CEO than a bullsh**ting swashbuckler .I appreciate that some felt the Proactive interview was low key but we should all be very pleased that a short term cash call now seems very unlikely ,Fleet is recovering with momentum building,Auto is progressing as expected with more to come & Avaition contracts are still expected ,although the timescale has been (understandably) pushed out .PM I am sure would admit that he should not have used 'imminent' over 12 months ago & he will be more circumspect moving forward.We outperformed expectations substantially & let's hope that momentum is maintained when the Results are announced in October & that ,by then, PM may be able to provide guidance for FY 21 & ,most importantly ,let's hope that our cash position continues to improve ,which should be the case if Fleet continues on its growth trajectory & Auto continues to see increasing recurring revenues with existing (& new) customers buying our much heralded products.
I understand short term traders selling at current levels having made a quick 10-20% over the last few weeks ,but most of us are long term holders & we may just be on the cusp of an upturn in our fortunes resulting in a substantially increased SP despite very poor conditions in some if our Markets .I have sold no shares since first buying & should we slip under 3p again (which hopefully won't happen) I will be buying again as I believe we are now a much less riskier investment than at any time since flotation
Well said PM, we all lose patience with this share from time to time. I for one am no exception, but I'd rather lose patience than the support of or OEM'S and Tier1's.
I'd agree with PM44. I'd rather they didn't issue promises they don't keep. This was a positive result and an interview that showed restrained confidence. Of course that then is killing some momentum but the next news will then come from a point of little expectation rather than expecting the news, and probably still being near the same share price!
I think that we are absolutely now waiting for the critical turning point of profit on the books and seeing that revenue number start to climb from automotive engagements. That's going to be the wake up call for everyone. I expect the first seeds at the next results at the beginning of next year and then momentum from there as more models come on line and this gets into more standard kit rather than optional. The ride is a lot more comfortable with a lot of cash on hand!
PM update/interview, damned if you do and damned if you don't, in my opinion the interview was relaxed confidence, I would be terrified risking loosing the respect of a giant customer like Ford regardless of any NDA, I rather wait a few months before any disclosures or hints.
Also be VERY aware of glitzy interviews and presentations, most of the time are put on to cover a multitude of sins.
good conversations. Fancy a coffee?
Substance over style for me every day of the week.
What this weel has done is clear the way for positive news, when that news arrives I totally understand why he didn't speculate.
I hold and wait as I have no clue when news will come but I am confident it will.
Well, it certainly wasn’t the most dynamic upbeat of presentations but it achieved what it was meant to achieve. A long road ahead and I’m not expecting anything dynamic on the sp in the coming months so nothing new there either. I’m considering being put into a medically induced coma for 2-3 years. I wake up - 55th birthday. My SIPP valued at several million!!! The posts on this bb keep me believing. Honestly, they are second to none. Well done guys!
Reddit, couldn't have said it better myself. It's always been a slight niggle of mine that almost every interview has a poor camera angle, or even that Paul hasn't got a tie on. It's a bit amateurish. This company is great, and it could be worth billions, but sometimes just appearing like a billion dollar company helps a little...
Digging the Steve Jobs outfit. Body language is very confident.
From a softer side perspective ie less about the content, could we not do any better with the presentation side of things, the worlds longest table in the most dullest room with one of those cheap pull up banner stands, doesn't really scream cutting edge but i may be being way too cynical.
Do you think there's anyway we could coordinate a list of questions that don't force a no comment due to NDA's and pass them on to SEE, things like the intent on the Military team partnerships, developments with qualcomm, confirmed number of automotive OEM's with an agreement (without naming them), even their rationale for not being more active with their promotion of contract wins at this stage and is it likely to change.
Just thinking out loud, i'm sure some have much better questions than this but if we've established this board holds a large proportion of shares, would be nice if we could get a bespoke response.
Good clear video for me , no ramping just clear and to the point, careful not to say anything that not in the public domain and his attitude to Covid is control what you can control, I am very impressed.
A few points
1) Cost reduction, redundancy costs in FY20, benefits flow FY21 and FY22. He was careful with his words, not celebratory showed empathy but clearly he made decisions that needed to be made
2) Aviation, 2 RFQ live atm, one with a carrier , one with an OEM. Emirates and L3 would be my personal guess
3) Double fleet margin improvement, how to increase margin ? = reduce costs or increase price,. seems to me he has managed a price increase and a cost reduction, great work.
He also mentions his pleasure at the cash position which I agree with