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…. and the clowns on telegram are talking about £1 again.
Why? - well because Magna have won an award, yes that’s right not a contract just an award.
Ive has bought some more shares - it didn’t help last time so why will it help this time
Oh and a contract which is worth 26m between now and 2030 - wow! on average 4m a year.
Oh and let’s not forget good old Mike has posted on LinkedIn - can’t believe that alone hasn’t doubled the SP!
Let’s not forget that they have predicted circa 130m in 2026 - that’s two years away and about double today’s position. We will be lucky to be at 10p in two years not £1
Just a talking shop - US years away from actually implementing anything worthwhile as they have got to talk about it for a few more years yet.
As for Europe - seems no one is in any rush to implement even with the June 2026 deadline, will probably get pushed back as well as OEMs will argue they haven’t had long enough due to covid, wars etc…
yes similar loss to you seeing2030 and likewise i didn’t sell because of pm lies and he has had many. it’s disgusting how he can get away with it - clearly all this talk of 2bn auto market, rfqs for mirrors, aviation 330 planes and six figure fleet rfqs was complete bull**** to try and get investors to buy in - all it’s led to is no investors believe him anymore and many pi**ed off current shareholders.
and no i’m not going to sell out at a loss, but once it gets back to my breakeven i will be because this pile of sh*t is never going to deliver - breakeven will be pushed back and clearly the mirror location isn’t going to clean up like pm implied it was going to.
I won't be there, I'll have more important things to do with my money than spend it on a boat with the rampers from the Telegram group. Actually, more like my kids will because at this rate I'll be dead before the SP gets to a level for the boat party to happen.
The telegram group say it’s another buying opportunity and all will come clear this year with B/E, new wins, fleet, kpi’s blah blah blah
And don’t forget it’s going into every VW off the production line according to our 3rd biggest ramper behind Colin and Safestocks.
The only way this would go into VW so quick is if they pushed Magna into a timed exclusivity of say three years and Magna would only do that if in return VW agreed they would roll it out across all models and trims. Suppose that could explain why we had to do an exclusivity with Magna, why Magna haven’t announced anymore wins and why they are already developing the next version to get around the exclusivity some how.
And no doubt Stifel will be wrong as SEE don't hit timescales.
I'll say it now - we will not hear concrete news on this until the end FY2025, so by then the SP is likely to be 2p given the current trend, unless of course one of these 3-4 mirror RFQ's actually land. Gen 3 by then will be a failure and all the happy clappers on Telegram will be getting excited over the development of Gen 4, which apparently will also be the best thing since sliced bread and will save the day. Of course it goes without saying that we will still be waiting for something on Aviation in July 2025 as well.
I seem to recall about 10 years ago s2020 banging on about wording on the fedex website which was the same wording as SEE used for fleet so therefore that meant we had a huge deal with FedEx - I think we are still waiting for that one.
Don’t forget he has also predicted a fleet deal with Coca Cola because of PM likes on LinkedIn. Again still waiting.
The next 2 kpi’s will gives us a clue on this - if we are going into all these models now then we should be on way more than 2million cars come the August kpi’s
Maps;
Cash flow breakeven is a forecast - hasn't happened yet. However, I believe they originally stated the first half of FY2025, but I think in the investor meet Q&A's PM has gone more broad by stating "during FY2025" so it has already been pushed back, not surprising since over the last few months they didn't get costs down to what they needed to on a monthly basis.
Aviation deal happened 3 years, yes 3 full years after PM used the word imminent. I bet if Family Fortunes asked 100 people what the definition of imminent was, none would say 3 years. Whilst we are on Aviation though, where is that 330 plane and 30+ simulators contract PM mentioned nearly 2 years ago to a group of Italian II's?
Magna deal - is that the one where PM stated nearly 2 years ago that 3-4 auto RFQ's were for the mirror location - now if that was true where are they? Should I mention PM's comments here about Qualcomm? "contracts of significant value and in addition to what they are already working on" - something along those lines wasn't it?
Gen3 being sold - is that the Gen3 that was launched late and also the one where according to PM we had a RFQ for over 100,000 units and we were the only ones on that RFQ? Where is it? And come to think of it "being sold"? you mean those pitiful contracts mentioned at launch in January? we are 3 months on and nothing. They had at least 12 months building up to this in which time surely they would have had customers trialing prototypes etc... - what is the salesteam doing! I hope their salary isn't mainly commission based otherwise they aren't going to be earning a lot.
3m cars on the road by the end of this calender year? You had better hope that there are no more surprises to PM in relation to the qtrly KPI's - to be fair I'm not aware of PM actually predicting a number of cars on the road so he can't fail on that. I just hope Colin didn't mean that SEE has lost the Ford-150 and Mach-E to SEYE otherwise the VW increase will probably just balance out the loss from Ford so there will be surprises all around with minimal growth over the next KPI's
So what else has he said;
Oh yes his market cap prediction by the end of 2024 - yes he has not failed on that yet, but given the market cap is significantly less than it was when he made his prediction I don't think it is going to more than ten fold in the next 8 months - and yes Lewbo "adding a 0 onto the end of the market cap" usually means a 10 fold increase rather than going from 255m to 260m. That kind of increase in market cap either means the SP has gone up significantly or the number of shares in issue has. Perhaps that's what he means, perhaps he was trying to highlight to us that they will need to do another share issue to increase the number of shares whilst hoping the SP wouldn’t drop as part of that share issue?
A couple of RNS's and the SP will rise? - what like it has done for all the RNS's over the last 2-3 years including the Magna VW de
Marketing is not the issue - the issue is PM with his over promise and under deliver strategy.
The market wouldn’t be looking elsewhere if PM had delivered the things he has spouted out of his mouth.
Because he hasn’t delivered no one believes him now when he comes out with timescales for breakeven or market cap projections by the end of 2024.
If he was a premier league manager he would have been sacked by now!
Glad to see the rampers have jumped at my challenge and have upped their game.
Good old safestocks this time predicting a ten bagger and some contracts within the next 3 months …. I could have sworn he has said something like that every year for the past 5 years. I suppose one day one of his contract predictions will come true.
And then like always good old seeing-2020 is the first to post it on here very soon after it’s published … how does he do it ? its almost like he has written it himself and after posting it on safestocks then posts it on here (or perhaps he just has an rss feed :))
Anyway thanks for ramping the ramper seeing-2020! hopefully that will stop the SP from hitting 4.5p because when has safestocks ever been wrong? … oh wait a minute …
Good old Colin Barnden, the biggest SEE ramper closely followed by Safestocks, Seeing2020, Lewbo and Warren from the telegram group!
I wish they would try a bit harder between them because this SP is on it's knees. Obviously not their fault they keep being shown up by the over promise and under deliver Mcbulls*it
Gen3 contracts like gold dust - surprise surprise
Everyone now waiting for the next set of kpi's and profitability - wonder what will be the next thing to cling hold of when the KPI's are disappointing and profitability gets pushed back.
Erh.. the majority due to the EU leg and by then (2028) the US will have their legislation. OEMs aren’t going to have cars with DMS/OMS for the EU and US and cars without for other parts of the world - you can see that already with the likes of VW adding it to all their cars now.
Remember their chart was also stating 20m for 2028, if I remember correctly, which is two years after legislation, so I think it’s reasonable to assume 40% of 80m if their market share predictions are accurate.