Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
What is there to go wild about?
Loss only slightly narrowed with break even now gone back to FY 2025 and I’m sure that will move again.
Fleet units only predicted to be 120000 units by 2026. I thought we were the only ones on a RFQ a year ago for 100000, I assume that was another imminent moment because clearly it doesn’t exist if we are only going to add 70000 units over the next 2-3 years.
Gen3 moved back to 2024 so that’s late again - I wouldn’t be surprised if that moves again in January back to the end of the FY as per Stifel.
Aviation is only going to be 5%-10% of turnover by 2026 - what’s that a max of 12.5m if revenue is going to be 125m in 2026?
So much for adding a zero onto the end of the market cap by Dec next year - we have at least 3 more years before this SP even reaches 15p
Auto contracts aren’t even going to move the SP as they won’t start for 2-3 years at best.
I personally wouldn’t mind any of this if PM hadn’t exaggerated so much over the last 3 years starting with his imminent comment - 6 years to go from imminent to £12.5m is not what I call a great result.
Looks like the market aren’t fools and have realised the reality all along hence why the SP is still at 5p -they have got another 2 years at least to play around with this.
Really needs to get back up to 5.8 - 6p today and tomorrow ready so that it can drop back down to 5.3/5.4 after they release the results. If it doesn't I fear 4.9-5.0 after results given how the market usually reacts to SEE results.
As for next week what do you think we will get, obviously the figures are already known, but I'm not expecting a lot. Probably;
i) no real improvement in loss and therefore break even will be pushed out
ii) new forecasted date for Gen3 launch of late FY 2024 to fall in line with Stifel prediction, but now several 6 figure vol RFQ's where we are the only one on the RFQ (keep dangling those carrots to deluded shareholders)
iii) more waffle about inflection point, RFQ's, OEM's running out of time, probably now 12 out of 12 RFQ's for mirror location
iv) no news on Aviation
All leading to an Ordinary October to be followed by a Nothing November and Dull December
I'll tell you what he has lined up pre 16th Oct - sod all!
In fact, I wouldn't be surprised if he fails on his latest prediction for auto wins (is that his 4th or 5th attempt - I've actually lost count), if Gen3 is late again (their first predictions were by the end of FY 2023, then early FY 2024, before it moved to H1 FY 2024 and now Stifel say end of FY 2024) and lets be honest we have months of aviation silence ahead. So doubt we will get anything news worthy for the rest of the calendar year.
I'm sure most will lead to nothing.
However, we know we have definitely won 4-5 through Magna because according to Paul those RFQ's are for the mirror location only and when he said that I don't believe Gentex had their option available.
Perhaps the launch of the Gentex option is why they haven't been awarded and announced because the OEM's are now thinking of using Gentex instead, perhaps we won't win any of the mirror location RFQ's now.
Qualcomm 18 months ago - what is that referring to? we first announced our collaboration with them in Jan2020 - nearly 4 years ago - what have we got to show for that! As we have only just announced our collaboration with Collins I guess we can forget about aviation for another 4-5 years!
I'm fed up of waiting - you can't even rely on anything coming out of PM's mouth!
I can definitely remember them saying before the end of last financial year before that was moved to early FY 2024 and then first half FY2024’- obviously stifel are now suggesting by end of FY 2024
But I also have a vague memory of a before Xmas 2023 date given at some point in the past as well. Can anyone else remember the very first prediction on gen3?
I have a funny feeling this is turning into another imminent aviation deal which only took 3 years in the end.
To be fair the Auto RFQs are now nearly 3 years on so he may as well make it a hat-trick with gen3 as well!
I think if you go back about 5 years one of the rampy statements from SEE was that all Japanese OEMs were testing the SEE tech or something along those lines - clearly one of them thinks SEYE is the better option.
So out of the last 5 contract announcements is that 4-1 to SEYE?
October results and interviews going to be interesting.
Lostinfrance - I didn't have any timescales so I decided to take PM's - you are right he isn't in control of them, so therefore why state timescales time and time again, you would have thought after the first time he would have learnt. However, to be 3 years out on some of them just makes me think he didn't have a clue the first time.
As for long term investment does 10 years in December count as long term? My first purchase was at 9p when Aviation and Auto weren't even on the radar - they only had Caterpillar and rail (what the f*** has happened to rail!) - I invested because I thought Auto would happen. However, when you look at the cold hard facts the SP is 33% lower than my first purchase even though apparently we are past inflection point 1 and on the cusp of world domination in 3 markets, not just mining. Yes I should have sold at 12/13p and made a profit but why would I when PM was implying contracts left right and centre in a matter of months?
Why should the market? It needs evidence and very little PM has spouted over the years has come true whether it’s Aviation, Auto, Fleet, BDMS.
So why should the market believe a tip that SEE are pushing.
Give the market some contracts, you know those 1bn auto contracts from 3 years ago, an aviation contract from 1 year ago (the 333 planes) or even one of those fleet contracts that we were the only ones on the RFQ. Where the f*** are they all?
Yes sorry Baxter you are right. After 3 failed predictions from Paul (the latest expiring around now as in March he predicted 3-6 months) it could happen soon. After all if you keep predicting the same thing over and over again at some point you could be correct (with the exception of seeing2020’s prediction of a £1 share price of course)
So perhaps I was a bit harsh - the other option is that the SP drifts back down and then towards the end of Sept we announce a contract or two with a minimum contract value of £50m starting in over 12 months time (you know the kind I mean) and the SP recovers back up to 6p
Anyway enough of the sarcasm that’s just me venting my frustration at the speed of delivery and Paul’s comments.
I am in full agreement with others on here regarding Martin - based on the quality of his presentations and interviews why would any OEM select SEYE as their DMS supplier - if they do then that car OEM deserves to fail if it’s picking suppliers like that.
So with legislation and Martin’s crapness on our side, SEE shouldn’t fail.
Whether that translates into a decent SP on the AIM Wild West is anyone’s guess.
so with stifel leaking out that g3 won’t be launched until the second half of fy 2024 that’s june24 until we see that.
also pm for the 4th time putting his kiss of death on these 1bn auto rfqs by predicting them in the next qtr, which means we won’t see them until the new year.
and aviation being .. well .. aviation … not even the brokers can be bothered with it, my prediction is a spike of 6p and end of year 5.8p to round of another great year for pms back pocket, but **** for most shareholders.
‘He said on a 2 year outlook from then there should be no reason not to have a 0 on the end on the mcap.’
So when he said that if the market cap was 265m then he is implying it would be 2.65billion in the 2 years, or are you suggesting he meant it could be 270m which has a zero at the end of it? Let’s be honest he meant 10 times the market cap.
So assuming the number of shares doesn’t change in that 2 year period what should the SP be if the market cap has increased by 10 times?
If I remember correctly the SP was about 7p when he made that statement.
If you could enlighten me please Lewbo because clearly you are more intelligent than anyone else on this forum.
Thanks
Where's the RNS that we are going to be in every BMW?
As this would have a material impact on the business don't they have to announce this? or are we still saying NDA's are stopping them from doing this?
Surely we can't be stating this as a fact because Colin has said he thinks that we are in every BMW?
People on here have been wetting themselves for years over Shell, Waymo, Geotab, Mobileye, Qualcomm, Eroad, Omnivision and all the others that I can't remember off the top of my head. On top of that people have been linking us with all kinds of companies, Google, Apple, Coca Cola etc..
Other than Magna with the VW contract name me another that has delivered anything of note!
Until we see Gen3, a contract for fleet worth 100,000 units, large fleet enterprise company contracts, BDMS contracts, 3-4 more large OEM contracts, 1-2 Aviation large contracts this SP is going no where. PM has implied all of these over the last 4-5 years - it's about time he bloody delivered because at this moment in time it just looks like he hasn't got a clue about the market.