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I’m not sure previous management would have been this pragmatic, saving $12m in costs is no small change. Interesting to see how the market will take this, I doubt it’s going to attract many new investors, SEE’s story is being pushed further down the road when there’s plenty of other compelling plays out there. GL
Surprise, surprise more complex ventilators needed. Good for IHC...
Curtesy of Ant on Twitter..
https://mobile.twitter.com/AntMwah/status/1231631974948884483
Because no one is talking about this yet See haven’t given any guidance so can only assume that Guardian manufacturing hasn’t been affected. That said, I think there’ll be a whole host of companies blaming the virus in the coming months to hide their underperformance... interesting to figure out how this will play out on a macro level, could be the start of inflation to inflate away the debt piles globally...
Baxter, take your emotion out of it, don’t believe that SEE owe you anything. I’ve said this many times, you had to trade this, even just using RSI - over 70 sell, under 30 buy. I got told by an old poster here a few weeks ago to shut up and buy at 5p because I ‘missed my entry’. Well I did buy some at 5.08p but I then sold those at 5.511p and guess what, I can buy those back at less than 4.5p today. This share owes you nothing....
A bit of TA of the SEE chart from Ant on Twitter....
https://mobile.twitter.com/AntMwah/status/1224038490637324288
See have come a hell of a long way in the past two years, irons in the fire and all that, but the market sees H1 2020 rev at A$15.8m and two years ago H1 was A$14.6m. If they miss their end of year targets it will get hammered. For the wider market this isn’t anywhere near a growth story... yet...
So revenue was A$15.8m, a long way short of s2020’s forecast of A$20m, with 20500 fleet installs. Do we really think See’s revenue will be A$30m plus to hit financial target year end? And will they add another 6500 installs to hit the low end of their range? I have to say I’m sceptical, without a juicy licence deal I think it’s far more likely that they will miss their targets.
Here’s revenue from the last few year half’s:
H1 2020: A$15.8m
H2 2019: A$17.9m
H1 2019: A$14m (I go with what they reported rather than the comparison used in today’s trading update)
H2 2018: A$16.1m
H1 2018: A$14.6m
I believe these figures are all correct, happy to be corrected though....
Colin just linked to this.... Denso, Qualcomm and.... See..!
https://www.denso.com/global/en/news/news-releases/2020/20200107-g01/
After years of damp squibs CES finally delivers... but spare a thought for those less fortunate than SEE...
https://mobile.twitter.com/SmartEyeAB/status/1215783929229144064
Interesting...
https://mobile.twitter.com/Affectiva/status/1214565501021507588