Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Terrym, alternatively join the rest of us blagging a trip on lewbos super yacht...does look quite nice though!
Shallwe
I keep hoping to book on here when SEE flys. Cruise with a helicopter and submarine looks even more fun than normal.
https://www.scenic.co.uk/our-ships/our-space-ships/scenic-eclipse
Alas iam still hunting bargains on here atm
https://www.iglucruise.com/
heres hoping for a boom next 6 weeks til investor event.
I'm on a nice little cruise break at the moment, reading all the news and posts while taking a very wet walk around Venice, thinking how much I need SEE to do well so that I can have another cruise soon.
Think how despondent I was seeing the SP hardly moving all day on what really was very good news.
Then I read the Cenkos extract from S2020. If it wasn't for S2020 then I might be looking to book Butlins instead (no disrespect intended to those who love Butlins of course!)
Seems like Cenkos are sure about the sector for licensing and have prudently kept that back as upside. Which is fair enough in my view, will improve cash and bring forward breakeven
"The Aviation sector recorded its first notable revenues in the period. However, these missed our expectations at just A$0.3m versus our forecast of A$1.5m. We attribute this to the company’s decision to change the focus of this business unit towards a licensing model instead of creating a standalone business.
We believe the company has several live licensing opportunities that it is working on; however, as these are not possible to forecast, we leave these as upside in our model and valuation."
#Team300
Kudos to seeing2020 for your recent efforts. Top work and many thanks.
Sandy, it was in the "reasons to be cheerful" section of the report
#Team300
Many thanks for your efforts S2020 - and the latest broker update.
Greater Strategic Value Than Mobileye! (Cenkos have been reading my notes).
Thanks a million for your efforts Seeing2020
Great work Seeing2020, thanks for asking the questions and all the reasearch
Cenkos answer a few of our questions
1) when is breakeven ?
2) are we funded to profit?
3) is any license included or upside?
"We believe Seeing Machines’ FY19 results show the turnaround in the Fleet business and the FY20 revenue guidance of A$45-50m, equivalent
to 40-56% revenue growth on FY19, demonstrates the renewed confidence of the company under new CEO, Paul McGlone.
The guidance is underpinned by recurring revenues (expected to represent c40% of
FY20E revenue) and a new bottom-up sales model which, we believe, is conservative and leaves upside from licensing activities in Aviation and
Off-road niche markets.
We believe the turnaround in Fleet will drive the
company to profitability in under two years with the cash runway looking sufficient even before accounting for licensing deals or financing against
recurring revenues.
Seeing Machines now looks well positioned to deliver significant value from its technology leadership and we upgrade our target price to 12p."
#Team300
Great work from this board. So unlike many others. Thanks.
hear, hear
JC, no worries I said it was a collective view from this board and got the response below
"A lot of questions, not sure we’ll have time for them all but they are all valid.
I’m going through them now with Paul.
Thanks for making the effort."
#Team300
S2020..Thanks for doing all the question gathering etc.
We have upgraded our price target to 12p from 9p to reflect the increasing confidence in the turnaround of the group and, in particular, the value of the Fleet business.
#Team300