Member Info for isb1974

The problem is the longer this drags out the more likely people will jump out earlier than they would have done a few years ago due to being sick of waiting - how many would sell now at 10p, but wouldn't have done say 2-3 years ago - surely this will just hold the share price back as well

So another broker reduces their target price - I would have thought at an inflection point and overdue massive deals in aviation and auto, target prices would be increasing not decreasing.

Will we ever see double figures again?

With the SP at 5.75p we would be lucky to get 10p in a buy out. Perhaps why Ive is buying so much - let's say the premium would be 80% it's quite a good return if you have chucked in a few hundred thousand

Sorry I do apologise Geotab was only 5 1/2 years ago, not 8. The other telematics company was "Mix Telematics" - what ever happened to them

Couldn't have put it better myself Baxter. I don't see the aviation license appearing for months now after that comment.

As for fleet well I don't expect anything significant from that until well after Gen 3 is launched which they are now saying is H1 next financial year. I bet that will be closer to December than July, therefore, nothing to move the SP until 2024 in fleet at least. And what was the big deal about Geotab? - I thought we announced that partnership about 8 years ago along with another telematics company that I have forgotten - something "mix" if I remember correctly. I remember how this board hailed those telematics deals back then just like they do with all our latest partnership announcements.

And we all know that those Auto RFQ's that Paul mentioned in Nov21 will be longer than the 3-6 months which he has guessed at this time, as he is worse at predicting timescales than I am at picking numbers for the lottery. Interesting no mention of BMW even though people on this board claim we are in every model with the new idrive? Yet they are quite happy to mention the F-150 which they still haven't RNS'd - they obviously can't be bothered to promote themselves widely with announcing their contract with Ford and the F-150 - the mind boggles - it's like they don't want the SP to go up

Not seeing double figures until 2024 at the earliest I'm afraid, especially with the macro environment about to get a lot worse with banking crisis v2 on the horizon

I thought at this event someone from Magna and Collins were presenting with SEE?

The only queue that I'm in is the one that is waiting for the aviation license deal, a 100,000+ fleet deal and 4 auto wins through Magna (I think he said 4 were mirror RNS's)

PM has practically promised all of them

Well I suppose they have got to fill the gaps with some more bluster in the absence of any contract wins.

Given what has been spouted in previous updates and the Italian job I think until we RNS some large contracts in all sectors we are already in the "all bluster and no substance bucket"

SeeThePotential - don't forget last November in an interview PM also stated that we were the only ones in an RFQ for a fleet deal worth 100,000 units. So there are only two outcomes - the company decide not to put DMS into their fleet (not likely due to legislation) or a SEE contract win. That to me is also a promised deal.

I can't wait for a deal for 100,000 vehicles - quite frankly if that doesn't propel us to 15p and beyond I don't know what will. So it's already been 4 months since then - how long does it take for a company to make a decision on an RFQ?

Surely this along with the Aviation promised deal should both be announced within the next 3-6 months, even if auto contracts aren't.

If we get to December without all these things in the bag then there is a problem somewhere.

Nothing is going to stop the SP from plummeting when the market is just in general panic mode.

terrym I was referring more to the OEM's who still haven't decided and keep pushing back the RFQ's, but yes your point is also very frustrating, why don't we update on GM, BMW and Merc given we have announced them. I don't even recall getting an RNS to confirm we are in Ford Blue Cruise.

And sgreen "switch your screens off and come back in a few months time" - I've heard that for the last 10 years from so called experts on this board.

Well said phil01

What worries me is that the OEM's don't seem to care about the 2024 regulations otherwise these RFQs wouldn't have been delayed so much and PM put a huge caveat on his latest 3-6 months prediction so that also tells me they are not in any rush. Quite clearly this is going to get pushed further and further back and therefore so is our breakeven year and any significant rise in SP - II's know that so they aren't in any rush to buy.

I wonder whether his valuation prediction of 10x higher by Dec 2024, if we are still independent by then, will prove just as accurate as his imminent aviation contract.

Does it really matter if II's have to buy on the open market because it looks like if they want to, the SP is just tanked for them anyway.

Well at least we know by Dec2024 the company will have a valuation 10 times higher, because Paul said so.

Oh come on everyone this is just another amazing buying opportunity before the SP sky rockets to £1

Oh I don't know, people kept believing everything Boris Johnson said and look where the country has ended up.

Let's hope the SEE SP doesn't go the same way as the country and SEYE don't turn out to be the next non-Tory government

Seeing 2020 - were you one of these people who kept saying, but let's look at what Boris Johnson has delivered;

i) Brexit
ii) The vaccine rollout
iii) Unrivalled support for Ukraine

I like his positivity and optimism for the future.

I'm afraid all we are getting today is more hot air. I would like an update on;

The RFQ's that we were inundated with back in Nov20 - are they still live?, have we won any?, have we lost any?

The 10 RFQ's that were worth £1bn which in Aug21 PM said were likely to be concluded within 2-3 quarters. Same as above how many have been concluded? how many did we win/lose? Were these the same as the Nov20 RFQ's?

What has happened to the £1bn worth of RFQ's that Paul said in the same presentation in Aug21 would be likely in the next calendar year? Do we have RFQ's on the go for this £1bn?

Where is the significant uplift in business from our partnership with Qualcomm that was muted 2-3 years ago? Have we won a contract through Qualcomm?

What is our partnership with Omnivision delivering for us? have we won a contract through Omnivision?

Why have we not released any more car model updates for over 12 months when we were told they would all be announced? Why have we not announced Ford Bluecruise? Unlike SEYE, why have we only announced 1 or 2 contract extensions, is it because they are the only contract extensions we have had?

The imminent significant aviation deals which would remove any new funding requirement that were muted in a presentation in Autumn 2019 - are they now off the table because of the changes with CAE and L3

The Collins license deal that was due to be completed by the end of 2022?

The RQF for 300+ aircraft? Also our partnerships with Boeing, Emirates, Alaska .... what is happening with them, if anything?

The large enterprise fleet customers that have been muted since the Shell deal? What has the Shell deal delivered for us so far?

The large fleet RFQ's for over 100,000 units that we are the only ones in the RFQ for - from Autumn's presentation in 2022 - When are these due, realistically?

Is Gen3 still going to be launched this financial year or has it slipped?

Phil01 - there are a lot of people on this board who seem to forget about all the missed dates and then just grab the latest crap that PM spouts and say how wonderful that is. Think back to 18 months ago when he presented a chart showing 10 RFQ's that were worth 1bn and predicted they would be concluded in 6-9 months (2-3 qtrs) - how much of that has actually been announced by either us or SEYE? and then in the Italian presentation he mentioned 12 RFQ's - where is the update on that chart to explain how many of the 10 are still outstanding and how many have SEE won compared to the competition?

For over a year he has been talking about enterprise customers in fleet, yet they have only announced Shell - in the meantime SEYE have announced a large global fleet customer - he also stated we were the only ones in Fleet RFQ's for 100,000 units - where is the update on this? I think he said similar things about BDMS customers as well.

I won't even bother with aviation as we all know what target dates have come and gone in that area.

However, I am also in the camp of aviation news either tomorrow or Wednesday morning involving Collins - surely that will be announced before Collins spend time presenting with SEE to US investors. Or if not before, then imminently afterwards. That's the dictionary's definition of imminent and not PM's.