Member Info for isb1974

Another pathetic announcement from the company today via LinkedIn which wasn't worthy of an RNS.

No details so the announcement leaves more questions than answers.

What is clear is that the pilot project isn't with an oem, but with an operator. That means any contract won off the back of the trial isn't GSR 2 related and is obviously for buses already in operation.

From July 7th these Aftermarket contracts will no longer be a thing. From July 7th all vehicles sold in Europe will have a DMS fitted during the vehicles production.

Aftermarket is dead as a DoDo in Europe and the CEO has failed beyond miserably to take advantage of GSR 2 by winning contracts with the OEM'S.

Guardian 3 has been confirmed and labelled a "niche" product by the CEO a d future, if there is one in the commercial vehicles space, is via a $8 piece of software.

If the company continues to fail to sell 6K Guardian units per quarter I can see it being discontinued.

And how does a pilot program meet the legislation for this European public transport company by July?

does this legislation really include, trucks, vans, buses and coaches?

.. another pilot program

pilot programs seem to have replaced contracts

So as this is a European OEM it must already have a DMS supplier to meet the July regulations.

Therefore, this is either someone that SEE already have business with ie VW expanding their DMS globally outside of the EU ie it's an extension

or they have won business with someone SEE doesn't already have business with and have therefore stolen it from SEYE or Tobii - ie someone like BMW

My guess is that it is VW expanding into America as only a few months ago they announced DMS going into China

That I think would still be more volume that stealing BMW back.

Quick search on Google VW sell 9m outside of the EU mainly in China and America so not small.

Did SEE ever RNS the VW china expansion?

If not and this is VW then I doubt SEE will RNS this either.

Announcing the Japanese win is still more important I think - did PM suggest before the end of the FY - if so only 5 weeks to go...

'something is coming'

're-rate coming on'

yawn yawn .... heard it all before for at least 10 years now

Don't worry bongo SEE will announce some contracts soon

I'm sure if the Valeo Indian fleet deal doesn't get announced, the japenese auto OEM will.

and failing that we still have the following to look forward to;

330 plane aviation contract

fleet deal for over 100,000 vehicles that we were the only ones on the RFQ for

3-4 mirror auto contracts

the 18,000 vehicle fleet deal which had a six week trial over a year ago

20+ other fleet trials

tens of thousands of vehicles from the US fleet deal announced in October rumoured to be amazon

have I missed anything?

can you imagine where the SP would be with all these contracts, shame none have materialised

no worries though in August 27 we will announce profits for the FY27 of circa $30-$40m, shame that still won't be enough to pay the long term debt off we are about to sign up to.

Completely agree heathcliff, the auto figures are awesome and hence it is great the business will get to a full year profitability.

my frustration is that going on 2m a QTR I can't see that generating an SP higher than 8-10p

I didn't invest 13 years ago to just double my money given all the rhetoric from PM and his predecessor.

if the other 2 legs of the 3 legged stool (remember that) had delivered as they kept implying, then we would be flying

aviation unfortunately has died - didn't even get a blue label or red label and fleet is an embarrassment

I also get frustrated by the new verticals and how everyone starts to believe we are going to make millions through robotics

at the moment they have only made a success from auto, everything else has failed including rail and medical

there is no guarantee on robotics

and unfortunately auto will hit a ceiling as no one else other the EU is legislating

without it being forced in by law it won't happen - just look at how slow blue cruise and super cruise have rolled out

so I think I've realised that retirement isn't happening early and the best I can hope for us double my money, which is alright if I had half a million to invest like Ive, but I haven't

I'm also pi**ed off that in the early days I listened to idiots like seeing2020 on here and people like barnden and safestocks

I got out of a share like this a few years ago , thankfully in profit and when I look back all the rampers are still there thinking it will come good, but the SP is significantly down on where I sold out - this is no different I'm afraid, full of dreamers who are so blinkered and believe everything a CEO says - I've never known an honest CEO

don't worry unlike the previous times it peaked around double figures this time I'm not hanging around, possibly even below double figures and that's probably how a lot feel

Get ready for the next one just before the next set of kpi's as I doubt there will be any material news between now and then

More to the point, why is it only 6k a qyr?

we had a 6 week trial about a year ago which was for 18,000 vehicles - we have a US fleet contract that has tens of thousands of vehicles, so let's say he meant 50k so those two alone should give a higher forecast than 6k a QTR

what about the other 20+ trials

Gen3 doesn't stack up at all

Delivering on forecast numbers?

have they delivered 6k fleet sales per QTR yet? they haven't even delivered growth with the pathetic number this qtr

Talking of contracts in June...

if I remember rightly on the Japanese auto collaboration project that was announced in Oct 25, PM said we would receive the contract within the first 6 months of 2026

just over 7 weeks left until he misses another of his timelines

I don't know why anyone takes what he says as a given, I'm still waiting for the inflection point from about 5 years ago he talked about

David - direct your frustration with the share price at PM, he is why we will be back in the 3's not me.

Larger Gen3 contracts coming through in june! you are having a laugh we have been promised these for nearly 2 years now - they ain't happening

.. all of 3 days

another buying opportunity incoming

this is what happens when you don't announce contracts and keep saying they have moved back

perhaps winning some fleet contracts in Europe where they can't push them back because of the looming legislation would have been a good idea rather than with a US fleet who are in no rush due to no legislation and can easily push things back when times get hard with the price of oil.

oh well can't wait to see who all the top truck companies have gone with in a couple of months time in Europe - perhaps inch wide mile deep man explains this in his research or does he just concentrate on auto?

I thought it was decided sometime ago that they have done something in-house

....smart eyes SP went up almost as much as SEEs!

I think that's more realistic, although an 8p share price is I think a market cap of around 400m so I don't think we will get much more than this as that is nearly 10 times profit.

8p in 16 months time when they announce FY27 results in August27 sounds possible.

where does the growth come from there though?

unless something miraculous happens in Gen3 I still think double digits is a long way off when you consider we will then have a large debt from the magna loan.

aviation and robotics are still 3-5 years away from revenue generating

and to think people were thinking 20p to £1 for this - absolute delusion

How do you get $80m profit next year

auto alone at $9 each times 8 million (2m a QTR) is $72m revenue

what % of that 72 is profit? how much profit is coming from fleet?

I'm sure even their projections were $10m profit per QTR

Good news on the auto numbers, 1.2m is far better than I was expecting, however it is well known these are moving to circa 2m a QTR. The only issue on auto is that this means circa $72m a year a far cry from the apparent order book of $395 by the end of 2028

The huge disappointment though is guardian. that's the third time PM has used the line expected sales have not materialised, but will in the next QTR - let's face it gen3 is an absolute disaster and will not recover the costs of development. This was supposed to be the area that starting showing real growth whilst auto plateaus at 2m a QTR. what a failure fleet is.

Wouldn't be surprised if this ends the day down and those who bought at 4.5p will be trapped in this for several months as it drifts down below 4p again

hope I'm wrong but we have been here before several times