Member Info for isb1974

When I said not confirmed I meant “in all models” and other contracts which people think are guaranteed. I realise we have 5 OEM wins already

Excellent point glandore - a bit of realism that's what I like to see. Ultimately it doesn't matter what people say or what broker reports say - until deals are confirmed nothing can be guaranteed.

As I said yesterday lets hope we get some contracts announced before the end of June, otherwise more doubts will creep in with some.

Robbiefalcon
Just because people have slightly different opinions to yourself doesn't mean they are carping because as yet there is no right or wrong because nothing has been confirmed. Apart from 5 OEM's of course :)

JamesRobbo
Yes heard that. Just like to point out the 20k wasn't my target it was a figure Ken gave in an interview. The 14k was a figure mentioned on this BB a couple of weeks back. 18k does sound a lot better, assuming they are all installed by the end of the year, which is what I believe Ken's figure was.

Just to make it clear I do believe this will come good otherwise I wouldn't hold as many shares as I do or I would have sold at 14p after making a nice return. I just don't believe in getting carried away until things are officially announced and a profit is a certainty.

Just because a Cenkos report has stated something it doesn't mean it's a 100% given. As I pointed out Cancord said we would be £80m turnover this year with 50,000 units installed, instead we are going to be the same turnover as last year.

Yes this interview was very encouraging, but he did say that there is a handful of competitors who are quoting for these OEM's - who are they other than SE and FotoNation? How can we be so sure we will win so many ahead of these competitors? Although to be fair VW and Toyota would be enough.

He also mentioned a couple of times about reducing costs. I'm guessing there will be significant pressure from these large OEM's to do that and will that mean a Tier 2 supplier like SEE will have to eat into their potential profit to hit target prices for the OEM's.

Having said that I'm guessing the fact it will go in all cars will outweigh any adverse effect on margin per unit.

He also said this was being driven by the talk of legislation and Euro NCAP. Let's just hope these don't get delayed again and the detail of these when drawn up work in our favour.

Let's hope we get some news soon which confirms the Cenkos report, the research on here, Safestocks and Semicast views.

I read this board everyday and the research is fantastic and does point to a successful next 12 months. However, we do need a bit of realism.

At the moment we are all banking on winning a large proportion of these 5/6 OEM negotiations. What happens if we don't? What happens if they are delayed further?, this may increase the chance of a fund raise (if that is the route they decide to raise funds)

Are there actually 5 or 6? - let's be honest between SEE and their brokers we should have been at £80m turnover this year with 50,000 fleet installations and a large rail contract. Things change or the truth is stretched.

I'm not even convinced we will get to the revised 20,000 fleet installations Ken referred to. I believe we are at circa 14,000 which is only 4,000 in 7 months - 5 months to go and are we really going to get another 6,000? - How will the market take that news?

As pointed out already there are 4 months and 22 days to go otherwise that will be another milestone missed and again how will the market take that? The longer is goes without an RNS the less likely I think we will hear about all 5/6 before June. I can't see all of them confirming in May for example.

The potential is huge but it is not guaranteed, so the talk of £1 per share is just nonsense at this point in time. I just wish they could start hitting some of their targets.

Should all this go according to plan then 2021 can't come quick enough for me.

Really? I'm sorry but I think £1 is pie in the sky. In 6 months if we have won some of these contracts that everyone seems sure on I think the SP will be between 20p and 30p - if that is the case we will get bought for between 40p - 60p. If I remember correctly Mobileeye was around 50p and then got bought out for circa 80p but they were bigger in terms of turnover at the time and no doubt profit.

I would love £1 but I think everyone is getting a little carried away :)

Let's be honest the market doesn't give a monkeys about how many proposals or RFQ's there are because SEE may not win any, highly unlikely I know, but until contracts are announced, sales and profit growth is achieved, the share price is not going to hold any rise.

Let's just hope the next 6 months does produce these contracts because the delay is just so frustrating. We have been in proposals and RFQ's for at least 2 years now, the imminent rail contract that never materialised, the fleet delays and massive projections from brokers (if a can recall it was supposed to be £80m this year not £35) have all lead to the market losing confidence I believe.

The next 6 months will be telling.

Not far from the lowest point in the last 5 years (2.75p). It’s definitely getting to the point where there is only one way the share price can go and that’s up. The business is still in a better place now than it was last year when the SP was 2.75p just because of the contracts we have won in the last 12 mths.

Firstly, even though sales increased from 14.18m to 30.72m our loss increased from 29.02m to 36.33m - doesn't look good without knowing the reasons. Not everyone researches as much as people on here.
Secondly, many people fear a fundraise
Thirdly, it appears one of our II's is offloading
Fourth, general market uncertainty around the world, Breexit, Trump etc..
Fifth, we have stated that turnover will be the same this year i.e. 30.72m but from what I can see nothing on how this will impact on profit/loss
Sixth, fleet sales are not as quick as expected - this year 20,000 instead of 50,000 I believe has been quoted
Seventh, auto is being delayed due to NCAP pushing deadlines back
Eighth, we are still trying to create our markets - lets be honest everything is still in its infancy, shareholders want profit yesterday so can't be bothered to wait 2-3 years which is what this needs i.e. point 3

Having said all that there are so many positives that have been listed many times on here.
The hard truth is that this is not going to grow to the levels we all want for at least another 2-3 years, by then hopefully we will be in many models of BMW's,GM, Merc, Ford and also in many models of other atuo OEM's such as VW, Toyota, FCA. Plus further growth in Fleet, Aviation and Rail.

I am as frustrated and hacked off as everyone else and yes wish I had sold at 14p, but i didn't and its my fault and no one else's. I've been in 5 years to the day and still can't understand how at that point it was 9p and we only had one contract in Mining. How can it be around 50% less with all the contracts we have now? (well some of the reasons above obviously namely point 1) Looks like we need another 2-3 years I'm afraid :)

Thanks Valuerebel you are clearly a more intelligent human being than I ever will be.

At 14p I never thought I'd see this day again! Why was I so greedy? a near 200% profit and I didn't sell. I didn't sell because of all the things that Seeing and Numpty have just said, which were all in the pipeline back in the summer. There is still so much potential, surely this can't fail? Surely something will get announced on rail soon, it must have been nearly 12 months ago since they first muted a contract was almost signed. Surely, the OEM's have got to decide soon if they want to hit 2020 or soon after to get their 5 star rating. If we are still around 5p this time next year I think it will be time to re-evaluate my holding, but not before. That would be 6 years for me with no return.

If you didn’t sell this share at 14p Don’t Look Back in Anger because Whatever Some Might Say this share price will still go Supersonic and we can all go and find our own Oasis whilst Trump, Putin and all the other nutters destroy this world!

I know you said 3 but I couldn’t resist 4 😀

Sorry just realised that was last years report for the year ending 31st Jan2017. DanniBoy why are you posting that again. It's in the past, lets just wait to see what this year brings!

� Profit after tax of �2.1 million (2016: loss of �2.2 million) � Gross profit up 33% to �9.2 million (2016: �7.0 million), with an increased gross margin of 22% (2016: 17%) � Revenue up 3.5% to �41.5 million (2016: �40.1 million) � Adjusted EBITDA* materially ahead of management expectations, up 56% to �2.0 million (2016: �1.3 million) reflecting the successful implementation of strategy to focus on higher quality, higher margin business � Reported Profit before tax** of �1.5 million (2016: loss of �0.8 million) � Profit before tax from continuing operations of �1.2 million (2016: loss of �0.8 million) � Profit after tax from continuing operations of �1.8 million (2016: loss of �0.7 million) � Cash generated from operations of �0.9 million (2016: cash out flow of �2.7 million) � Cash at year end of �3.2 million (2016: �1.0 million) and net cash of �0.8 million (2016: �1.0 million) � Basic earnings per share from continuing operations of 0.11 pence (2016: loss of 0.06 pence)

You are right the share price has been double where it is today but the share price 3 years ago was also 0.45p which in today’s money is 45p so the current price is actually double that! As stated before let’s wait to see what the results bring. If they are better than last years and meet the forecast then you can’t really ask for anything more. It’s just frustrating they have not done what they said they were going to do with an update at the end of Feb which is causing people to worry and sell.

I know this is extremely frustrating, I’m with you as I’ve been in for over 4 years and it’s like watching paint dry. However, the simple fact is that to many we are still making a huge loss and are even predicting a loss for next financial year until June 2019. Until the business delivers on those projected figures and by that I mean the profit figure for y/e June 2020 this share price is going to stay below 5p with the odd spike on news such as another OEM win. If we continue to hit figures every 6 mths between now and then and more contract wins then I imagine the share price will start to rise gradually before hopefully exploding when it’s clear that profit is going to be achieved. That might be in Jan 2020 when they state the half year figures for that year. Just another 18 mths to wait.

W/c 30th April is my guess. I believe the forecast was £47m with just over £2m profit. So given they have already said the results were to management expectations I take that as the forecast figures from last year will be achieved. Last years figures were circa £40m turnover and £1m profit. I would say that’s progress 😀 might buy some more! However they did also say a trading update by the end of feb so I wonder what figures they are referring to when they said results were to management expectations? Were there some revised figures during the year?

I bought at the end of feb to lower my average expecting the results update at the end of feb as per RNS. That will teach me! Still thinking about buying more but this silence is beginning to worry me even though back in Jan they said results were to management expectations. I might be wrong but I thought their expectations were an increase in revenue and profit on last year. Perhaps they are waiting to announce a new contract at the same time and that is just taking longer than expected?

Well if in their last RNS they meant an update by the end of March and not February then at least there is only 4 more working days for the update to be released! My hunch is that they have skipped the trading statement and notice of results which happpend on the 7th March last year and they are just going to announce the final results in April, which last year was on the 25th. So just another month to wait. I think the only thing that will help this SP is a turnover of close to £50m and profit of over £2m both of which will be an improvement on last year. A nice new contract announcement at the same time would be nice as well. The silence is all very strange though, are they hiding something?

Lets hope so. They did say before the end of feb so that only leaves tomorrow and Wednesday.