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All the regular bulls have reconciled themselves on this now. They probably still stay in touch for a placing/forward sell trading opportunity. But as for any LTH’s that have held - there has to be little chance of recovery with the twin challenges of Pete’s ability to close v’s Pete’s ability to dilute trying.
Potential revenues we have aplenty.
Delivered - not so much - hence SP.
Trials, pilots, POC’s galore.
Subsequent orders are piddly diddly or nowt yet.
T42 sales not really heading toward significant market share are they?
Seemingly not sufficient enough good news to warrant a comprehensive TU.
I’d largely agree. Award win = brilliant. Though I don’t recollect any euphoria on the 32 unit RNS. The only euphoria this year was back on Jan 4th. The irony for me and the confusion, if I’m honest - is that the win seems to have stirred significant interest in the device - with other potentially major clients recently confirmed - and yet we’re still to see DHL commit. Even more confusing for me is that Lokies seems to be finding more favour than the T42 - which we’ve rebranded the company upon, but yet to see any significant on.
500 units doesn’t scratch the surface of the numbers that need to go to SA if those December RNS numbers are ever going to materialise. And the RNS therefore did sweet FA for the SP. $3m per/qtr is needed (on average) to achieve target not something between $250 & $500k every six months.
500 just looks like more acquaintance/trial sort of volume as seen in the PM/Amazon/DBS RNS.
Also no news on any other port/customs convo’s.
A comprehensive (and candid) TU req’d ASAP.
Pete’s positivity shining in comparison with WSG’s crypto namesake.
https://www.binance.com/en-GB/price/wall-street-games
A measure of the belief that Pete had in RNS statements, was the decision to reduce nominal not to just 1p, but 0.1p. Writing was on the wall right there.
Every year for a decade investors listened to this sort of bo((ocks;
“ "Over the next few months and years we have an opportunity to achieve unprecedented growth from the prospects we are pursuing, and the Board and I remain committed to delivering on this potential."
And they’ve delivered close to f’all.
Their only ability, dilution.
Venting on behalf of a mate who through the towel in today. He like many others before him, has lost a significant sum.
I’d like to see something, anything substantial, from the narrative, morph from opportunity into contract.
Pessimism or realism?
They’ve only reported on the positives.
SA, OpenBox and DHL omitted.
SA is six months in - no deliveries confirmed.
OpenBox, an unknown entity, is five months in - ditto.
DHL have been aware of/testing Lokies for a year. If any company is in a position to see the benefits and quickly adopt Lokies - it’s DHL. Level of commitment thus far, 32 units!!
Elsewhere there have been no substantial contracts RNS’d.
So what could form the basis of a pretty positive (in terms of revenue) if something doesn’t cross the line prior to the interims?
I expect they’ll be very keen to get something significant done before then - else the spotlight that they will be obliged to shine on revenues, might reflect unfavourably despite all this progress.
Comms has never been a strong point. I’m envious of your optimism in respect of interims - but I suspect the reverse - unless they deliver in the meantime.
I fear that interims will show little, if any, improvement in revenues.
Are you expecting a sequel Trading Update “The bits we decided to deliberately omit”
We’ve waited months for news of the two distribution contracts - and the results of DHL’s umpteenth trial on Lokies.
Not a ****ing peep.
Instead, more name dropping and no significant numbers.
Phillip Morris have ‘selected’ - but no info on the order - or is it just the 100? If it’s not then what??
Amazon affiliate orders 400. Wow, not.
DB Schenker might as well be put in the same bracket as DHL.
Sounds great, but if it doesn’t happen - silence.
You couldn’t imagine a more muted response to such an anticipated update. The market is evidently seriously disinterested/unimpressed. As am I.
We’ve had the hype. We need to see it manifest in revenue and regular contracts of significance.
So far? Close to diddly squat, and a third of the way through that 18 month ‘tech advantage’ which doesn’t seem to be stopping competitors writing good business in an industry that finally has an appetite.
You ‘hope’ something ‘big’ is happening - and that’s reasonable from a company setting a new ‘market leader’ narrative, courtesy of a pipeline of opportunities that are (or were) considered both ‘substantial’ and ‘well advanced’ - months back. Until they start delivering actual sales, not just potential sales in the form of distribution agreements - the market won’t take notice.
I’m sure that not all tracking and padlock companies have to go through such exhaustive proof of concept tests before paltry (initial perhaps) sales orders. Perhaps a product of out offerings complexity, function and cost premium?
Cristal - the SP had no business responding to yesterdays RNS - I suspect it was as much relief that it proved the BoD are alive. I’m surprised it got past the nomad.
We are six months into T42’s launch and don’t yet know if we’ve sold a T42. Any? Presumably if we’d sold 32 - we’d have got an RNS - or 250 perhaps?
Lokies appears to more attractive option - but not yet in sufficient numbers to sustain the company.
The suggestion of “much more” needs to be substantiated, soon - and be on an altogether larger scale. ‘Hope’ you’re right Trumps - fingers crossed.
Certainly the logistics market seems to have developed an appetite for IOT/tech - we just don’t know if anyone out there wants to shell out on our menu.