Member Info for Bydna

Good spot seeing. I was just thinking that DMS in vans is a huge opportunity that See should be capitalising on especially for fatigue monitoring. So many more delivery van drivers on the roads nowadays. Maybe a tie up with Transit vans given the existing links with Ford.

Reprobus, If BTC does what many are predicting than you should do well. Having exposure to scarce assets like BTC and gold is essential imo in these current times.

Anyway hoping for good results soon from Cobr. Could land anytime from now I reckon.

Have at look Argo Blockchain (Arb) if you want exposure to BTC. Theyre main market listed and only London listed crypto miner. Can add into an isa. Massively undervalued compared with peers listed in US. Of course DYOR.

Seem to recall Peter saying in those recent Q&As that he was speaking to institutions this week so maybe we have some buying from that. It certainly is unusual to see such strength in the share price given BTC performance today. You also have to think that there must be parties eyeing up Arb given the lowly market cap compared to peers listed in US.

It's great to see Argos industry leading margins are getting recognised by the tie up with a third party for managing their own miners. This adds another steady revenue stream over and above mining on own account. As Trek says this could be the first of many tie ups.

Was slightly underwhelmed with the October update but this 2nd RNS is a stonker.

While 4 days shutdown is clearly not good the pleasant surprise for me on that September update was they still achieved a margin of around 37%. Pretty impressive given the high difficulty for most of the month and a subdued BTC price and lower Zcash. Suggests to me that they still turned a net profit for the month. The margins Arb are achieving can't be going unnoticed to other larger players in the sector.

Looks like difficulty for mining BTC will rise around 12% in just over a days time. Hashrate has been high for a number of days now. Clearly will affect Arbs margins forcrest of the month but maybe this will be a precursor to a rise in price? Still think a strategy to hodl a decent amount BTC is the way to go.

Not far off my prediction of 162 BTC mined and 47% margin. Revenue fair bit lower than my forecast but the big increase of BTC or equivalent HODL (108 increase from July) I think accounts for this as coins mined for HODL won't contribute to revenue I assume.

Also will the 100k of DOT be included in the 183BTC-e HODL or is this separate?

Either way seems a great update to me. Look forward to H1 results now which I assume will be within 2 weeks.

Slightly higher difficulty this month but much higher BTC price (11500avg approx compared with 9500 in July) so I reckon 162BTC, 1.86 revenue, 47% margin. Let's hope the August results followed by H1 results will ignite Arb to 10p and beyond.

For the bulk of the month difficulty for BTC fair bit higher so it was looking like lower margins for July. The sharp increase towards end month hopefully will push the numbers up to somewhere similar to June also adding in improved zec. Depends when they sold the coins. Conservative estimate of 175btc or equivalent and 1.4M revenue with margin around 24%. August looking significantly better so far.

We had the update in April 2019 about a tie up with Joyson for expansion into further models of an existing US OEM starting 2020. This could only refer to GM with supercruise. The only fly in the ointment was the lifetime contract value was stated at a paltry $7Million and as Zec says we had McGlone stating in an interview they hadn't been notified of GMs plans to rollout to further models. Contract value seems very low given GM plans to roll out supercruise to a multitude of models.

Cheers Terry. Pretty much agree with that and also Seeing2020. Key figure is cash that we all hope will be enough to finally see through to profit. I'd like to think cash burn would be significantly less than H1 and I hope revenues and connection are better than expected. See guidance was originally 27-30k so par for me would be in the region of 23.5k. I suspect it will be less though. Be nice for a surprise to the upside for once. The technology is superb but management still has a lot to prove imo. The opportunity is massive now with the new regs.

Longtime holder of See and lurker of this board. Anyone got any educated guesstimates of figures for full year to end June? Last year we had an update at August 1st so assume similar this year.

Target was A$45-50m pre Covid. At H1 revenue was 15.8m, Guardian connection 20.5k and cash 47.3m. End of June 19 cash was 64.3m so assume cash is at least 30m based on burn rate of H1. Hopefully more towards 40m. What would now be deemed a good set of results? I would hope they achieve full year revenues greater than last year still so more than 32m. I've not seen the Cenkos note but have little faith their numbers will be all that accurate anyway. I personally think See would have failed to hit their targets even without covid based on the low H1 numbers.