focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
If see do not get bought before the end of the year (huge inflection point coming), then i am sure there will be another requirement for cash in 2019 but it will be due to securing an additional 2-3 major OEMs and placing price above here IMHO. It seems we have the resources to cope with what we have and another OEM is on the go if you look at the recruitment pages so expect another in the summer to go to RNS. If we get a surge in demand (highly likely) then we have two choices, go it alone raise cash 2019 or go with a parent. The cash situation for me is a very low priority at this stage considering we knew what was happening when we raised all that money recently and Dr Mike was involved with the EC so they knew what was happening, James Palmer is good he knows his figures. Chip news is massive and there are two outcomes here IMHO, i prefer sell to parent say 42x sales minimum as we now have the chip like mobileye and mobileye went for 42x sales, and anything good gets bought anyway before huge inflection usually and we can all have a party. Odd RNS about SALES at $30-35m 2 weeks ago, $33m being about the middle, Sanjay at Panmure doubling his target to 30p this week.......... Kroeger is a creator, a builder and a seller, he's just finishing the roof i think before he hands the finishing touches over to someone and starts on another project but popping in to have a board meeting between cycle rides and saying i proved i was Steve Jobs not Steve Coogan. Respect to you Ken you got this bang on and the strategy was right. Opinions of course but do the research and the maths and wonder if De la Soul was right about 1+2...is it the magic number now, oddly my calculator said 33p as the result of that calculation $33mx42 2 weeks ago. Grateful as always to everyone who contributes and just thinking probable outcomes based on recent comments and events.
Klick, i think you are right, it seems this Ford deal has really made a difference to where some of us set our expectations as we progress. Ford has gone from looking very unlikely due to the L4-5 plans to a deal in a very short space of time. It appears that the plan is to roll this out across all models so the SEE figures do look prudent but thats ok, you can agree a deal for X number of vehicles but also be confident that you will win many more, after all, big ships don't change direction quickly and they plot their course carefully, getting a foot in the door or land grab as we and Cenkos said is key. This deal sends out a message to Fords competitors in Asia who are surely set to follow so the focus is on them i think as the 5th OEM. Autoliv came to SEE as they liked what was happening with GM and that presentation last week has given you what you need to know about who is likely to be next. Around $35-45 a car seems right but that will be low end initially as fewer features are required immediately, but to get boring old Ford was great. It does feel that that is way too big a task for SEE and that the only way they will be able to cope across all sectors and achieve their dreams of domination, is to join forces with someone who has the global footprint in each sector. In normal circumstances having made a decent return i might decide to sell some and buy some new flip flops but i have decided to keep using the old ones and maybe revisit that purchase later in the summer, maybe i will treat myself to a few pairs then. Well done to everyone and thanks for all the research, if you can master patience and keep a level head you should do very well here.
Bud.......remember you said this Calm down, it only mentions a forward facing mono camera developed in house...and A8 said that the OEM win was Takata moving to Autoliv..........Ok lets just park that for a bit.
Dear Diversity, can you see that if you bought SEE now and kept it as a separate business, you could also get XYZ bank to buy a share of the business in 12 months when all the fashion is inward cameras and you would look like a genius for it and probably get all your money back and more?
Slide 17 says its North American. So we appear to have a DMS win with a global OEM based in N America scheduled to begin in 2020 and no RNS as yet.
Ive just spotted slide 13 on the equity story which clearly states that Autoliv won its First Driver Monitoring system order with major Global OEM in Q2 so where is the RNS SEE? Spot the chunky buys
SEE will not be allowed to make it big themselves in any of the areas, a T1 entering the fleet area just makes it far more likely they will be sold to another diverse T1 who already has that Denso like coverage and wants a bit of the action. If you think global T1 are going to sit back now and allow SEE to take a big market then you are living in Cozumel.
I don't think many have picked up on the developments coming from Sweden yesterday either, seems to be a bit of a mono vision situation, but its good some are not becoming too distracted with the journey and fighting on the back seat. Well done to that man, right again.
Its about the OEMs and what they are doing, as far as i am aware all major OEMs are planning inward cameras for a variety of uses to monitor and assist the driver and its occupants as we move gradually towards self driving cars. Of course many will object to anything that means they make less profit and buys them some time, smokers and publicans objected to a smoking ban. We just watch what the OEMs do, but also watch the other sectors SEE operate in as all of them are decent businesses in their own right. Cenkos have highlighted how Fovio can be used to run other processes in their reports and they touch on what Autoliv is doing with SEE on other uses, you also saw a bit of it in the Bosch car at CES 2018. The reason why many are going down the Fovio route is its easily scalable and the system can adapt as the relations and requirements change. It pays to have a broad understanding of all sectors and not be too focused on cameras for distraction alone.
Not sure they would be the right fit but if we are looking at parents, Mobileye went for 43x earnings, so take a figures of 25x on the recent RNS which gives you about �467m, that is about 21p, this is about 4x the placing price and about 3x current price, this is what i consider as the minimum target now, i am not suggesting the price will rise anywhere near to this in normal trading and i dont care anyway, a big attempt at 3p and 5p to get you to part with your shares in some very dark times resulted in some adding significantly more. A comment was made by someone a few weeks ago about 3x and i think this fits in well with a few opinions of some i have spoken to who do this on a decent scale, there is clearly a feeling that SEE can create something special and is making great progress, but they need some assistance with scaling it up quickly and that must be a global company with connections in each sector who control things and have significant buying power. Im not greedy, i would like 40-89p but i want a fair return that considers the extra work & investment required and rewards us for our support. Sterling is poor, so the time to strike is when it is low. DMS in its various forms are set to be mandated and we have 3 Major OEMs moving towards inward facing cameras for a variety of purposes with SEE, two of them are German premium brands Merc & BMW, BMW is via 3 Tier 1's indicating its a big win and carefully considered, i understand more are planning inward cameras so Fovio and the FPGA is perfect for this as technology adapts to regulations. Im not here to debate on whether SE or SEE is better as i know the answer, they are both different and serve a purpose, SEE also has many sectors, if SEE does go the way i anticipate, i shall put some in SE for the same reasons only. As Cenkos and all the other analysts have said this is approaching the huge inflection point which is why i am particularly interested in being sensible over the rest of the year. Future is AI our parent needs a decent AI division.
A8 stopping smoking in public buildings will kill the pub trade but its sensible to do so they did it, reducing bets on fixed odds machines will kill off bookmakers but they did it, this isnt about money and you are demonstrating a lack of consideration on all social aspects of this, and thinking very one dimensionally and old school. Im sure many people reading your comments about not wanting to breathalyse yourself before driving can be understood but spare a thought for anyone who has lost someone close because some idiot got in a car and killed them when drunk or was playing with the radio when they smashed into them. I hope you dont share their endless pain one day.
Not old Colin "the ramper" Barnden again, he's just saying what we want to hear, he has no qualifications, he knows nothing about the industry, he knows nobody in the industry, he has millions of SEE shares (owns the missing 30%) give him a pasty and half of Thatchers and he will say anything you like. That was a joke, much like the Gervais hair one was. However in the real world i think our only danger is we go too cheaply, we wont get 89p Mr Safestocks but we wont get 10p, the bare minimum anyone can even consider entering the room to talk has to be between 16-21p IMO, having discussed it with the global SEE posse. We know that those estimates from Boycie the Cenkos analyst don't seem to reflect what some including Ramper Barnden & Mr Wong the head of the Nelly Elephant Fund (3.5%) in Singapore think is realistic, but why, is Boycie on the ball or has Barnden scored a goal? come on Caspar lets have a 28p target and make them sweat, don't let the Bicycle club bully you into conservative estimates, be free like Lorne Daniels now and say F yeh this is big, lets have some fun, lets get in the big boys who got blocked out at the Fovio spin off. Im still mulling over the recent buying by mostly Cenkos clients, the missing 30% and the total disregard shown on the 7% Miton notification, if we were on the Nigerian AIM, i would say they know a lot and would be holding my fish in my pants guarded with a massive rusty hook doing my best not to let them have them in a very well planned fish attack later on the journey. Obviously i am joking and i doubt anyone who has not been here for a while will have a clue what this is about except Lewbo who snapped up the Sausages in Gillingham 3 months before they went on sale. Have a good weekend anyway, life's good, look ahead plan accordingly and never turn your back on an Elephant for too long.
A pleasant surprise, i had no real idea that that was going to happen but reviewing my notes i can see that the pattern of Merc, BMW and many of the others moving towards inward cameras in their 2020+ plans, they must have got a slight idea this may happen but its all models now. The inclusion of SEE in the consultations is a very positive sign which does indicate how they are viewed. Even Cenkos were surprised but managed to get out a broker note quite quickly so maybe not. I see Miton on that broker note are at 7% so naughty Miton SEE & Cenkos for missing the RNS disclosure, some might say you have been trying to hide something but we rarely miss anything. Cenkos @ 16p i can sort of get that now but let's be fair, the strategic value is far higher now. I do feel very strongly that this news places us in a very interesting position in the eyes of anyone diverse who may have been waiting on the outcome of that announcement and i would keep that in mind as you go about your business as the moment of huge inflection is approaching, have fun but don't step too far out of the lift with too many bags. What is interesting for WHL our chart guru is the WAD breakout form 4 years ago, any chart bods might want to look at that, im like a man with a new map today i have no idea what this publicity will do and the follow on from NCAP. Where we go who knows, but where we will end up is more predictable i feel and i think smarteye will go the same way but after. Thanks to the people who have been here since the days before CAT around the 1p area i think it was, and those who have continually supported each other through thick and thin with banter and astonishing accurate research, many have passed through the BB but i expect many will be back. And well done to Chris Menon whoever he is, he appears to have hit it spot on and is be able to get some very powerful accurate information and comments from key people so safestocks goes as my 69th webpage i review each day with morning coffee. have a good day it will be busy im sure and keep an eye out for the negative pirates arriving with empty bags of gold. CG seem to be reviewing it now so i'm very interested and very happy to hold and remain patient as we have always been as i feel there is more to come.
Whilst all of these reports make fascinating reading, they do seem to be created by people who still use Nokia 6310 phones and say "they do the job, battery life is great". Hands on the wheel does the job of making an effort to stop thousands of people killing themselves, but are we looking at what will be mandated or are we looking at what the OEM's and T1 do? what does one of the leading suppliers and award winner for that particular technology think about its future, does it think that by placing your hands on the wheel you are attentive? i see a real synergy there in the future with face and hands linking in a system myself, maybe they do also? For me i'm more interested in what the OEM's & T1's are doing in premium brands as they are thinking ahead top to bottom and working towards the human and car interaction (hand off hand back, occupant monitoring, HUD's). Clearly the hands on the wheel system is an option but does that prevent me from opening my window, resting my arm on the ledge and playing hand surfing in the wind at 100kmph? it seems very 6310 to me. As i see it the EU will introduce something to tick a few boxes that's a practical short term solution of a few years as tech evolves, a bit like giving your staff pagers to get messages while they wait for a blackberry, driver monitoring will become a bit more well known, the people in the EU will still use the Nokia 6310 until one day they bump into a small Chinese wizard called Dylan who shows them your phone can summon your car, and your car via AI knows you. Meanwhile the wizards of Oz in Canberra are focused on the premium cars of 2020+ having spent years rubbing shoulders with the industry and collecting data on the hand off hand back to present to a forward thinking parent who loves being diverse and can integrate the lot into a large and affordable sausage casserole that everyone likes and can afford. The FPGA from Xilinx allows for Fovio to grow within the car and adapt to future changes & requirements which is why i feel some (like BMW) are keen to integrate it in to the high end cars via the instrument cluster preparing for these changes. That's a lot of cars every year BMW are planning, and many people in the industry know this so be aware of that as you go about your business.
Any confirmation of this anywhere else or it it fake news? https://www.thisdaylive.com/index.php/2018/05/15/fg-oil-firms-lose-250000bpd-of-crude-oil-to-closure-of-trans-forcados-pipeline/
Already in hand https://www.youtube.com/watch?v=t9JUWSxT1j8
Yes or will we see GM move the future development to another T1, they were very keen for Autoliv to buy it? There is a great future here, most of it you have to go digging for and some of the treasures you find cannot be put on display immediately, we still have many wandering about the jungle confused it seems on which way we are going. I can see that fidelity have sold a few shares over the last few months, they have been quite active over the last few years buying & selling like traders, i did even detect them selling quite a few pre placing and buying some back, so if anyone from any institution does read these bb, then be sure that nothing escapes the wider audience and that includes the 300m+ shares, so be wise about this and respect AIM rules please, after all the JC leaving the building story emerged one day on here. Sophie the small mistake on the shareholders page 30.8% wasn't missed but now corrected, was it a mistake or does that relate to the above? I see that Elon has taken a bit of a bashing in analyst interviews, i dont think he is very popular in SEE myself, poor chap he's only trying to change the world, money means nothing to him i guess, probably a very nice man who loves his staff and enjoys helping others but on occasions you have to be hard and Elon will always be remembered for the last thing he did.
s20 These mistakes happen, you know what its like for Gervais he sits there looking in the mirror stroking his hair whilst reading his article from 2017 "my companies are getting bought on the cheap" and just keeps pushing the buy button, before he knows it he's added over 4% and only has hair on one side. Then he rushes out for some hair tape and forgets to tell anyone what he has done.
list of shareholders is interesting. Miton have 6.98% according to the new site, had 2.49% i recall. Must have missed that holding RNS and a few others. Anyway its not important its just AIM.
You wouldn't betvictor on Big Viktor getting it right though, it seems that he is being led by Martin who is telling him that things are quiet in Germany and now they have a foothold in Japan having opened an office there. The last time i checked Smarteye didnt even have a small greasy toe scraping against a highly polished marble wall in Japan so a foothold is remarkable, well done to them, its as remarkable as how fast SEE have gone from BMW cannot say to yes in 5.5 seconds which is what a Subaru WRX does 0-60 in. Well actually it was just under 4 months so the silent period is becoming shorter or we are getting louder.