Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
" $321m Booked business V about $440m for them in Auto. "
If SEYE get anything like $440m over the next 7 year horizon from currently won orders it is a phenomenal return based on their small development spend and low current revenues.
Since we like to apply a 90% gross Margin (it is only software (?) ) their return on investment will be very significant and increasing as there seems to be no reason to believe they will not continue winning business.
It will be very interesting to see who gives shareholders the greater return over time. The high tech "cover all bases" solution from SEE or the "volume is where it is at" approach from SEYE.
One hopes the hubris evident from PMG and many comments on here does not come back to bite us.
Brockwl,
As others pointed out you have a touch of the Rose tinted glasses there.....
Receivables + Inventory for the last three 6mth period ends were US$20 , US$18.9 and US$ 18.6.
So the first thing to say is - if there is indeed close to US$36m at end of June the increment over normal trading figures is approx US$17m.
Secondly it is easy to calculate that the Receivable months outstanding for the same three 6mth ends were 3.5 mths, 6.4 mths and 4.9 mths - not 1 month as you used......
So yes there may be some inventory build up and extra receivables to be worked through but not as much as your estimates - imho...
Maplinman,
Beating brokers' estimates probably generated by numbers fed by the company is not a "huge positive". It is something an efficient company makes sure happens to generate positive headlines. We don't as yet know definitively what is in the actual Revenue for the period.
The bottom line for the period is that the new vehicles with DMS figures were less than the bulk of posters here predicted.
The New Guardian figures (not replacement) were poor relative to Fy2022. Though I did make the point that the Q4 Guardian figures look good so hopefully that is a good trend that will continue.
The information about the cash position is opaque - a figure given without identifying if there are any non-operational receipts in there. Not at all helpful to the loyal shareholders. It is historic info which could easily have been disclosed given that this is supposed to be a trading update.
Anyway those are my views of it - most are factual. Let us see how next quarter looks -
Are we at the inflexion point yet ?
Not sure what your point is terry - G3 is cheaper than G2 so of course stock values will be lower whenever it is introduced.
The salient point is that we seem to have a first indication that it is further delayed by six months or so - thus delaying the mooted possible large orders.
Whether that turns out to be the case or not time will tell.
If it is it will be very disappointing.
A bit surprised by the happy response to today's announcement .......
Revenue - Lower than safestocks estimate and much lower than S2020 estimate - only saved by unexpectedly high number of G1 to G2 sales in Oz. So I guess most will be disappointed by that. (I would ignore the Cenkos numbers as they have previously been found to underestimate cash position severely which made the subsequent SEE numbers look good)
Vehicles with DMS - Lower than the vast bulk of estimates on here - perhaps the person who ran the competition could let us know - How many predicted a higher number ? - So most people on here disappointed with that.
Guardian Sales (Excluding One-off Oz) Fy 2023 - 9,007 (Fy 2022 - 13,827) - so I guess everyone disappointed with that ?
(Though in fairness the bulk were in Q4 so the recent trend is good.)
Cash Position - Smoke and Mirrors - What was received and what was not received of the Magna funds ?? Why are they not clear on that ? - makes a huge difference to their cash break-even point.
Why shout about a "record " period ? They are in a growth phase - every quarter and every half year should show "record" numbers vs history.
Apart from the Ozzy G3 to G5 change all figures on the lower end of our expectations.
Updown,
The page is inundated with positive stories about the growth of EV's.
A small negative story I think is interesting. Not for the DMS already supplied but to give people pause to think what might not be going so swimmingly.
It is good to take a broad view IMHO.
Https://newslink.reuters.com/public/32463020
Does fast-charging fry Mustang Mach-Es?
Federal regulators and Ford are investigating whether the company should recall as many as 64,000 Mustang Mach-E electric SUVs to fix electrical system problems that could cause vehicles to lose power and crash after getting a DC fast charge.
All good points sgreen and hopefully it will all happen in time.
My point simply is that it is premature to be looking at those sort of numbers....
Maybe in 10/15 years but not yet...
And who knows what might happen in that time.
I think basing DMS penetration on Total worldwide Car and Light vehicle sales is extremely premature given the only Geography which is currently legislating for it is Europe and uptake is already very slow - even in companies who are already adopting it.
Look at the very low GM and Ford numbers with Super-cruise and Blue Cruise even though they are promoting them.
DMS is not yet breaking into most of the volume lower trim models.
Even F150 Lightning XLT - (much beloved of Terrym) their largest seller only has Blue-cruise as an expensive option.
Investing has nothing to do with faith - lots or little.
Previous possible offtake partner AtoZ had an equally hidden presence and came to nothing.
Try finding info on Transore's commercial manager Alexander Schamber per the RNS.
Virtually anonymous.
Maybe it is all Kosher but as far as I can see Transore has never shipped a ton of product.
CGO appear to have a great resource and supportive funders but before I would invest I need to see some serious partners. Hence my question to try and elicit if others had further info on the prospective Offtake partners.
Happy if it works out and good luck to holders.
Time will tell.
Looks properly dodgy.
Website blocked by Security software for possible malware attack.
African Rail Co (Subsidiary) has only one Google reference and in that the links to articles in the media don't work.
But I guess investors here have somehow got assurances that they are the real deal...?