Member Info for Brockwl

They have already guided pbt to be slightly lower than last year. So 2024 was 14.5m so I'm guessing £14m.

But full year to be 2nd half weighted and 5 to 8 % better than last year.

So it's all about what they guide for full year having seen 3 months trading.

Traders probably selling off because tomorrow's pbt will be lower, and it could initially sell off by those who don't know.

I was thinking of selling a few myself hoping to buy back on the drop, but won't unless price recovers today's drop.

Maps,

The company view aka Martin is that they hope to be able to find 50% of the loan from cash when due.

The other half will be paid via a bank loan or sacrificing future revenue, by doing a discounted deal with someone, like they did with caterpillar.

So it's not as straightforward as you are making out.

Challenger,

My records show I started buying back on the 1st May, on the morning of the KPI's RNS.

Best price was 1.74p, then in another account 1.78p. I'd finished the big buys by the 2nd May.

I've bought in drips and drabs since then and now have an average price of 2.16p, having bought a few times at 2.7p.

Maps,

I'm fully back in, have been for a while. 1.7p was just too cheap when the story improved again. I actually have slightly more than before I sold.

I just lost how I see it, and not playing my own book.

I think getting results out of the way is a good thing as they were never going to help the share price.

Going forward any news should only be good, so I am hopeful.

3 things that stuck out for me in recent news that haven't been mentioned are:-

1. G3 has reached the full production levels. So providing we have the customers we can do the 6000 a quarter.

When that was going to happen was a bit up in the air. Before end September is better than expected.

2. Expected DMS market penetration was significantly lowered going forward from 45% volume/50% revenue to 30% and 35%.

That's a big drop and indicates they are realising that the competition for whatever reason are doing better than they expected.

3. Auto unit Rates held up well during the year. Actually increasing about 3 cents. They never disclose this figure but it is a very important one to watch for profitability.

Maybe you should let people know you are a pompous pr*t before posting.

It might help them understand how you have been so wrong about this as an investment for the last ten years.

no i wasnt, i was suggesting they buy without and install their own.

don't know what the regulations stipulate.

on the one hand the process that has to be gone through ****location or whatever suggests you are right.

on the other how are the 3m a year heavy trucks going to be supplied with dms. we can only to 6000 a quarter.

i'm sure other suppliers are in similar situation.

that tends to suggest the only way supply is possible is via an auto type solution.

which is a much weaker solution and doesn't include monitoring.

Directors now free to buy again.

Will this latest confidence be reinforced with more director buying?

Would be nice to see.

The other problem with buses is that anyone buying one will have their own large scale maintenance teams.

Wouldn't they just make a separate company DMS decision and install their own?

Don't think anyone knows how this will play out.

They need a big truck or van supplier for big numbers.

Humster,

You have completely misunderstood that.

B/E requires a revenue increase of 800k per month from both auto and Fleet. Which is about $10m revenue increase by end of year.

Quite a clever bit of PR announcing this alongside MADD.

Which makes a nice change.

Be interesting to see whether detecting impairment becomes acceptable via eyetracking, or other methods become the mainstream.

If their solution becomes adopted could be a very good revenue stream, but some way and a fair bit of risk to go before then.

D. CORPORATE ACTIVITIES

Notice of Annual Results Investor Presentation

The Company confirms it will announce its Final Results for the year ended 30 June 2025 on Tuesday, 9 September 2025.

Sylvania's CEO, Jaco Prinsloo, and CFO, Lewanne Carminati, will host a live investor presentation, via the Investor Meet Company platform, on 9 September 2025 at 16:00 BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9.00 BST the day before the meeting or at any time during the live presentation.

Results are due Tuesday 9/9/25. There is an presentation scheduled on investor meet at 16:00 that day.

I suspect they didn't buy any. The conditions of when they can buy, are probably such that they can't do anything when the price moves beyond a certain percentage.

Esc,

If you read the deal RNS it read as if the all in yield was 8% on the loan. Which I and many others assumed to mean we would need to pay back a total interest of 8% over 3 years. So about 2.5% a year.

However when Martin covered how they would repay the loan he said it would be over 60m that needed to be paid back.

So assuming the original loan was 47.5m from memory, that suggests there is at least 13m in interest to pay back.

That looks more like 8% a year rather than 8% in total over 3 years.

Note the interest can be paid in shares if See wanted to do that, however that would involve dilution.

I doubt they will do that, unless the share price has recovered significantly by then, but it is an option.

They expected to pay half from cash, and either take a loan or do a deal where someone pays future revenue up front for a discount. Similar to what they did with caterpillar.

What's interesting is that the 47m will be over 60m time it is due.

Magna will basically get the 17m they paid us for exclusivity back in interest.

Not saying it was a bad deal, as we needed the money at the time, but it's turned out to be a very good deal for Magna, virtually nil cost.

The assumptions people made at the time of it being an extremely low rate of interest, was completely wrong.

It was covered at the town hall, and nothing has changed since then.

S2020,

It really bugs you that I sold out previously. It's what investors do, get over it.

When the story and fundamentals change to the downside, as they did with poor trading and KPIs and the share price looks over valued, then it's a no brainer not to get out, as the share price was only going one way.

If things change, as they did with recent KPIs and the town hall, then it makes sense to buy back. Especially if they are at an all time low.

At 1.75p they were oversold and good value. Current price is about right, until they start to deliver, then it could motor. Any signs of non delivery and I'm out again.

Blind faith is a wonderful thing. Trouble is most on here have lost it after the last ten years of being continually told stuff that doesn't happen.

The fact you do absolutely no financial or fundamental analysis says it all.

So I'll continue to sanity check what management say, when it's possible, rather than blindly assuming its all going to work out.

Chuzt,

Let me get this right.

So you think that the Tier 1 or OEM concerned that agreed to a guaranteed minimum value contract of $43m over say 4 years is actually going to pay that up front?

There is no way that is going to happen. They will only pay for the number they install, or the YEARLY Minimum guarantee value, (if there is one), whichever is the higher.

SEE management seem to have decided that once the contract starts, because it stipulates $43 over a few years, accounting rules mean they have to show that this year. However as most of this won't be received it will show up mainly as receivables awaiting future payment.

Martin suggested at one point that the minimum contract value for FY 2026 alone would be 1M units and worth £7m. So I'd expect to see that amount paid, or slightly more if they buy more than the minimum, which is likely.

If you think different please advise where they have said they will actually receive $43.

Before someone highlights my figures are wrong.

It should be 390k extra needed which is 130k a month.

1m / 130k = 7.7.