Member Info for Feeks

https://www.ayro.com/vanish/

SED is starting to live up to its promise, just as I hoped it would. Brilliant to be able to pull in a deal like this just now, from an unexpected quarter. It certainly reinforces my belief that management's promise of Saietta VNA production in MAY '23 will be delivered bang on time, and soon.

You do realise that Nanoco is not AIM listed....? Board just behaved like one when the money talked!

Nanogeddon we have been operating in a market where traders and investors are jumping all over bad news, and whilst the update did contain some very good news (IMO) all that was lost in the other points that were raised regarding some slippage on the ConMet and boat engine side of the business. I was fully expecting a retrace to present levels, but it doesn’t always happen like that, and I was not prepared to gamble any more of my investment funds on it. Overall, I am disappointed that I came to the party just a little too early otherwise it would have been a masterstroke. Buying Saietta at 20p feels very much like my recommendation to buy Nanoco at 10p couple of years ago. That worked nearly perfectly (by Jan ’23 it was a 7 bagger). Let's hope for a more honourable outcome this time around! I have lots more confidence on the Board of SED as they are doing proper deals with major players.

I bought too many at 50p and so had to ignore all my instincts to buy heavily at 20p (far too risky), but did feel that was the absolute bottom, and so it has proved.

Hi Nanogeddon
Good to hear that someone did though I hope your timing was rather better than mine! What price did you get in at? Get researching it now because the near term promise (May '23) is absolutely tremendous, and since SED has pulled off some major alliances I believe it is a credible player. The last RNS saw a big sell off due to the sort of market we have been experiencing and the delays on some parts of the business, but the Directors were honest about that (big tick) and they did commit to giving a very short term positive news target on production orders for a major exploding market in 2 and 3 wheelers so it does not look at all bad from my perspective (one wonders why they would have given themselves such a short rope unless the production contract is nailed on).

I suggest you look at swappable batteries, 2-wheeleer market in motorcycles /mopeds, and FAMEII just for straters

I would not call it 'speculation' so much as rational investing based on what information the company had put out. The first and only sign that those previous statements of the litigation value should be distrusted was the 9/1/23 RNS which was itself so obscurely worded (as it had to be to avoid any implication of wrongdoing) that it left many investors guessing, myself included, as to what it did actually mean.

The Directors would rather brush this away but what belies the situation is a matter of substance which affects people's lives and their livelihoods. I hope that members of the Board are not resting easy and that one of them may have the decency to own up to the truth - let's face it, the company has money in the bank to pay off a legion of duped investors, and if the Directors truly believe commercial success is around the next corner then this will not affect the company's future fortunes.

Valued at cash balance because.....

Thank you Henry. I am not going to apologise for being misled. I think the facts are hard to avoid, and Pallas say it better than I ever could . I have no confidence in the board, and nor should anyone else.

One to watch.....

https://etrio.in/about/

Former Avtec CEO Prabhakar Kadapa joins Etrio board:

https://www.google.co.uk/amp/s/auto.economictimes.indiatimes.com/amp/news/industry/ev-maker-etrio-automobiles-ropes-in-prabhakar-kadapa-as-board-member/90933667

“After working actively for several decades in the automotive and EV industry, I am delighted to be a part of Etrio’s story,” Kadapa said. “Electric vehicles are here to stay. I am looking forward to helping Etrio launch a series of cutting-edge next-gen electric cargo vehicles and supporting strategic organizational development as electric vehicle volumes pick up in numbers," he added.

Has anyone heard from that genius investor NigWit who foolishly reinvested despite such a clear signal that the management care but only for themselves? It was a calamitous end to the litigation and the share price is exactly where it should be.

Let's be clear - you are mainly talking about CAPEX spend to give them a manufacturing base. It's not all recurring staff costs and R & D.

You are not the only one feeling that way, and I speak as someone who only recently came on board. The Directors seem happy to not put out much info by way of RNS news- e.g. Marathon Leisure distribution partnership was not mentioned. A few shareholders need to start rattling their cage.

Nice of you to oblige, Kind.

Unhooked, it just seems like a waiting game with this one tbh. Nothing good ever happens overnight unless it comes with a large dollop of good fortune. Investing should not be a punt and investors want stocks that provide returns in a bear market. Equally, not every growth stock can be on the wrong path. Plenty of them will be duds, but not all. Will SED come good, or will it fail? I have no idea, but I don't expect the market to give temporary relief or cheer. Invest and look away.

"... seems bizarre now to view the rise post IPO and see any logic to it, beyond the enthusiasm for companies with no actual figures to anchor the sp to reality."

Yes - truly bizarre! Markets are sometimes crazy, and they frequently overshoot in both directions.

Katstrangler _ I posted it below, but here it is again. Orders can be placed right now. No reason to think this won't bring in some chunky revenues given the electrification mandates in EU countries, and places like Amsterdam which are transitioning quickly: https://www.reuters.com/article/us-climate-change-netherlands-idUSKBN20Q1W7

. The company has not failed to meet its timescales, it is simply the case that the market has grown impatient.

https://www.greenboatsolutions.com/shop/motor/outboard/propel-s1

Propel S1 - 10 kW outboard
Electric outboard with 10 kW continuous power. The enormous efficiency and very high torque provide optimal propulsion. 48 V low voltage. The Propel S1 is available with continuously variable tiller or remote control. Both have an integrated display.

The outboard is available in three different shaft lengths.
Input power: 13 kW
status:
available (from April 2023)
shipping:

4-5 days
8,259.00 €
incl. VAT, excl. shipping

We can expect near term revenues from Propel (starting April '23).

"The market comparables of Torqeedo and Pure watercraft have valuations over USD $0.5bn and the Board believes the Saietta products are superior"

https://investors.saiettagroup.com/wp-content/uploads/2022/11/SED-Corporate-Presentation-24-Nov-2022.pdf

Don't shoot the messenger!

Early Bird - it's the market, and we must trust that the market is never wrong. Hope value is given very little value in the current market. The IP / technology has gained significant third party approval / endorsement but we await consumer validation in terms of sales - there is no evidence of that either way at present. The motor drive tech is essentially a modular concept so in my view it does give significant reassurance that orders are currently being taken for Propel's S1, so I am on the buy side at current share price but it may take 6-12 months to see something tangible. The most comforting aspect is they bought up some serious manufacturing capability on the cheap or else future dilution would be a problem. It appears that most of the cash is earmarked for ConMet production and from what I can see there is no pressure to raise funds.

https://www.electrichybridmarinetechnology.com/features/site-visit-propel-demos-its-first-electric-outboard-motor.html

This is the review I could find on-line. It is a recent article: 17 Feb '23. They seem to be targeting business from rental fleet operators with the USP being ease of use, cheap installation and repairability.

They also mention expansion of the product range with an entry-level 7kW and higher-power 13kW variant; and other variants of the standard propeller development to working vessels and RIBs.

"Propel will begin series production of the S1 in early 2023 at a new assembly line in Apeldoorn. Distribution plans are also underway, with 10 dealers in the Netherlands already nominated and going through training and onboarding. Propel has just announced an exclusive distribution deal with Marathon Leisure for the UK and Ireland. According to Propel, discussions with dealers and distribution partners in several other key markets across Europe are at an advanced stage and agreements will be announced in the coming months."

unhooked - yes - that is what all investors are waiting for now. Luckily, I only invested recently, but equally I don't see how anyone could have expected any significant revenues to accrue before H2/FY24