So am I mistaken or does he say that they are now looking to ship during Qtr 1 next year, or was that just the environmental licenses?
If so December shipping is not going to happen and therefore they have slipped potentially 2-3 months.
I'm guessing the mine won't be up and running by early 2022 - I'm guessing that will slip to later in 2022
Having said that I've been in this share for over 6 years now so what's another 2 if I can get back to break even :)
The question is do I buy more to reduce my average?
The interims are in January!
So there will be at least some update on fleet.
Better than forecasted installation numbers and the impact of the cost savings should go down quite well and given what people think on here that is a given.
If this isn’t reported in Jan then we could find the SP drops further and then there is even more desperation for the imminent Aviation news.
I think we are months away from knowing about VW, Volvo and Toyota, possibly more than 12 months.
If Jan interims aren’t better than expected I wouldn’t be surprised if we are still at 4p ish this time next year! :)
I wasn’t saying it would be aviation news. I was just saying some news! Personally I think it will be an update on fleet and if everyone on here is to be believed then the number of installs will show a significant increase on what they have been reporting up to now.
I still hope for late Jan for the aviation news as that is what Safestocks has implied.
That's what I'm hoping for and I've already told myself to sell on that day, if it happens, as the following days will probably follow the same pattern as IMM
However, unfortunately I think there is less chance of this happening now as positive news such as the EU leg is not having the same impact as it was about 15-18 months ago. Likewise with contract wins or extensions. Is this due to the 3,365m shares now in issue? I notice IMM only have 167m
Do you think the aviation deals have stalled because Cenkos bascially let the cat out of the bag by stating the two companies that could be involved and those two companies are not happy about it?
I know everyone is getting frustrated and boy I definitely am, but until competitors announce deals that we think we have won i.e. VW, Toyota etc.. then there is no point panicking is there? Legislation is just about to come into force that states these OEM's need to have a DMS so the market is still in the early adoption stage. Likewise with fleet.
The only thing that we really need off the table is any further raise, which unless they are telling massive lies about, not on the table for 3 years and completely of it with a license deal, then surely we will know that by the end of Jan, following the interims (increase fleet installs) and the aviation announcement - if that doesn't come in the next 2 months then it's probably time to start worrying about Aviation.
Seeing2020 - are you safestocks in disguise? :)
He always seems to raise the exact same points you do on here - especially the last two articles.
And more often than not you are the first person to highlight a new article. Is that because as soon as you have posted it you come on this forum to highlight it? :)
Lets not forget the share price went from 4.45p on 23 April 2018 to 13.35p on 22 June 2018.
So 200% in 2 months
I realise the dilution is likely to reduce the rate of growth this time, but surely with the imminent news on Aviation and the apparent new contracts that we are going to win in Auto let alone the extensions, the fleet upside in terms of installations and margin improvement, all this driven further by new EU legislation and promising signs in America in terms of legislation and breakeven being brought forward, then 40% in 6 months would be pathetic.
Unless of course only a small proportion of this news will be released in the next 6 months
Well this year there was a half year trading update on the 16th January 2019 so surely the figures will speak for themselves when they do the same in just under 2 months time.
Aviation news around the same time and further PR from the EU legislation when it’s gone through the complete process and January could be good.
Another auto OEM win would make it a perfect January.
If we get to the 31st Jan and we are still at 4.3 - 4.6 and still waiting for some major news then I think frustration will set in again for many and the positive feeling from the CMD will start to dwindle.
Pretty much the same, but look at the positive at least you can get out at breakeven if you want to. With my breakeven at 5p I certainly don’t want to sell at a loss when I was in a healthy profit at 14p.
It has always been a gamble but I think what makes it slightly worse is the constant carrot dangling by the board and brokers ie RFQs by June, aviation news imminent, 80000 fleet installations and then another capital raise at 3p when I believe they had already said before that they were funded to profit.
If they didn’t do this I don’t think I’d be as frustrated as I am.
The question for me is how long do I give it before I give up and sell. If we get news and the SP bounces to 5.5p then I’ll get sucked in again thinking it will go even higher and the cycle continues.
But ultimately the massive potential is still there. Another win such as Toyota or VW and I think people will have to start to take notice given the legislation as well. Just could be another 2-3 years before we get the real benefits.
.... about whether Toyota is factored into the SP or not.
Didn’t PM state that our current SP only takes into account our current fleet and mining business and doesn’t take into account anything in auto and aviation?
And as PM said it, well it must be true.
So let’s just all calm down and wait for this imminent news :)
Safestocks said that the Aviation news is likely to be in December or January, so I’m predicting January is going to be a kick a**e month. EU leg gone through the complete process will raise great news so combine that with some aviation news, another possible fleet deal like Byson (hopefully) and let’s hope an OEM extension at least, together with overachieving fleet installations and cost reductions in the interims, then all should be good come Feb/March.
If we are still waiting for something by March I think we can safely say PM exaggerates a little with his choice of words. But hey what CEO doesn’t.
Shipping that iron ore yet from our new company saving project - I’m sure they said the last qtr of this calendar year - only 5 weeks to go until everything stops for Christmas - guessing they are not going to hit that deadline - am I surprised? - of course not
I’ve been invested for 6 years now and I thought I could recall a period where our price was static for a long time around the 5p mark so I had a look. According to the SEE share chart on the telegraph website on the 30th Oct 15 the share price went to 5.125 and stayed there until 14th Dec 15. It then proceeded to drop to 4p by March 16.
I’ve not looked into what was happening at the time but I’m guessing we were waiting for news of some kind because lets face it we seem to have been in that state for years now.
I think your research is great Seeing2020 but I have to say that last post of yours was a bit rampy :)
There is still a chance of no aviation and auto news for weeks and if that does continue there is still a chance the price could drop rather than re-rate due to the lack of no news
In any company I have worked at, turnover and SP targets have always been challenging and sometimes outright unachievable. Very rarely have they been met.
Who knows what was behind these targets but just because they are there doesn’t mean we will necessarily hit them, we may fall short or we may completely obliterate them. Only time will tell.
And like coldfishpie has said unfortunately we are likely to be here a lot longer than most of us were hoping for to find out.
I for one was expecting this year to be a lot better giving the amount of RFQ’s that were supposed to be confirmed.
Let’s hope 2020 is different and not more delays and carrot dangling of contracts because as I said about 5 weeks ago I don’t expect any major news before the end of this year.
Now I’ve said that a stonking RNS will land tomorrow you watch.... :)
Is it not new model types in 2022? So if the new Golf is not due until 2024 let’s say, that means VW have until then to put it in the Golf. I thought it didn’t apply to existing models? Not sure why I think that but if that is the case then we could still be waiting many years for cars like the Golf and Focus as it will depend on when they update those existing models.
This actually makes sense to me because otherwise that means all OEMs would have to re-work/re-design all their existing models which I think they would protest about.
I think these are the reasons the share price targets are so low because I don’t think it’s going to go into automotive as quick as we would like it to.
I hate to say it because everything sounds so good but I think we are still a long way from getting any decent growth in the SP especially as the news yesterday/Friday hasn’t even budged it.
Exactly - I want a takeover but not quite yet.
Agree on announcing the EU regulations in Jan when it official comes into force. According to Safestocks aviation news will be around Jan as well. Follow that up with another OEM win by April and at least another largish or geographically significant fleet win and half year results above expectations then I can't believe we won't be 10-12p by May.
Give it another 6 months including a stonking year end results to push us towards 15-17p and then I'll be more comfortable about a takeover and hopefully a bidding war to take us above 30p.
I'd be happy with that in 12 months time