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Great find Aaron, shame it's gone I wanted to just check his last comments regarding listing. I took his comments regarding listing if cash needed and its not, but then he stated unless they wanted to consolidate the market which I read as SEE buying competitors. Or did I mis hear him.
Actually quite funny the latest from Mr M. My problem is, like many on here, love the tech, think the mgt team now are superb. This should allow me to retire(that's a lie already retired), but at the point where it could happen we are at the point where one hedge fund/pension fund/central bank could screw the world economy. The canary that worries me is consumer debt, the subprime auto debt in the US is a major issue that will replicated in the UK/euro zone.
My take, after 10 plus years in SEE, I will be exiting this year, when the us markets have a blow off top this summer I will be selling everything and waiting to buy a significant number of see shares at 1p during the bust.
Seems to have a decent background in similar area spending decent amount of time with the same company as they grew significantly. Looks a very controlled situation, no panic replacement. But then again who wouldn't want the opportunity to work for SEE in a senior position with whats around the corner. PM will have had the pick of some very decent CFOs and looks to have found a good fit.
Target revised down slightly to 24.3, but explained in the detail as down to predicted revenue adjustments which have been adjusted to SEEs stated numbers which they agree are very conservative. Good analysis of Mobileye development and how SEE have learnt from this and should be trading on higher multiples than Mobileye. Quick skim read and look forward to detailed read later after golf.
Croq, the board is busy compared to 10 years ago haha, thankfully mostly quality v quantity which has generally been the case. I think this board has been a great place for some very good digging by various posters which manage to uncover some info that just stops you losing confidence and keeps you invested. What I smile about is having conversations on here 9 years ago where we were saying driverless cars would not happen for years and that driver attention safety systems would be the future. We could have saved some big auto companies a lot of money, well before Colin turned up. But, being too early is an issue and has cost a lot in money tied up here. Still waiting for that pay day.
I'll now take tongue out of cheek and will leave it for PM to decide what to do with the licence fee. What a transformational year 2022 has been for SEE. PM has really sorted this company out. To be bidding for these RFQs with a balance sheet to back up any bids, especially when you compare the competition balance sheets.
Urban, sounded very imminent. How about 100mil for licence plus on going royalty payment. Then for the very patient investors a special 1 off dividend handing back 50% of the licence revenue. As fully funded to profitability.
The story is in both charts and then finally the ratio chart. Horrible break below bearish wedge for SEYE, lovely breakout and re test of trend line for SEE and bouncing off the long term arc. Finally the ratio chart SEE/SEYE is breaking to 4 year high.
Makes you wonder how they work with OEMS, his default position is to have increased hardware to resolve the interior sensing issues as opposed to developing their system to make these items redundant. Just confirms what we know and who will win the majority of the market share and probably 100% of the high margin market leaving the non profitable crumbs on the table.