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Chutz - I am of the view that PMG's option targets and the 70+ directors buys this year indicate where the share price is heading. Sure I am frustrated by yesterday's news (and the lack of news from SEE) but some on this board are acting like SEE will never win another contract. SEYE's win was one of many contracts that size or larger. Out market cap is just over £200m and I look forward to watching the share price action once one or several large contracts are awarded to SEE. Sentiment will turn soon I believe.
Brock, the 12m is a call option where PMG has the right to buy the shares for a price of 4.41 anytime before 30 June 26.
Re the 10m I’m a little confused as the CEO Incentive Plan RNS of 30 June 23 states the options vest on 30 June 26 but the AGM documentation (page 10 of 12) on SEE’s website states the performance period is 1st July 21 to 30 June 24. Can anyone clarify?
In the AGM pack (see the SM website) is says PMG needs to hit the following SP targets by 30 June 24 to receive his award of up to 10m shares:
-Less than 12p per share, 0% vesting
-12p per share, 40% vesting
-12p-20p per share - linear sliding scale
-20p+, 100% vesting
Very bullish targets considering where the share price is today!
Hi ISB,
Re the Shell deal have you seen this recent update video:
https://www.youtube.com/watch?v=ZjtCqftcW_k
PM discusses Shell at the very start and it sounds like orders are coming in. Hopefully this will have given the Fleet numbers a boost which will be observed in the August trading update.
Reality slowly catching up with Tesla...
https://www.reuters.com/business/autos-transportation/teslas-ai-director-leaving-company-after-4-month-sabbatical-2022-07-13/
That's a prudent way of looking at it Brock, but how to value all the upside to sales we know will come?
SEE tends to disclose the bare minimum contract values. Surely we will see a number of contract upgrades, plus new wins plus sales led by partners such as Omni (who Colin estimated spent $20m developing their latest chip). What about fleet connections via EROAD? And then hopefully aviation will deliver some revenues down the line.
Good call 28J!
Congrats to all holders!
Still over £24m cash in the bank too, which is half the market cap!
It's on their website, under investor relations, financial calendar... here's the link:
https://www.idsplc.com/financial-calendar/
4.35pm?