Member Info for Lewbo18

Did anyone actually read the RNS and miss what is probably the most interesting part?

Its new not before happened.

Thanks Matml,
Will revise that post tomorrow, makes things even better then!

Agree, I would be sure SEE know which T1 has won some of the contracts and by implication which T2.

The only decent win in the last 6 months which was by Seye so theres a lot out there to be announced and they should be substantial.
But unlike Seye we are waiting on aviation, fleet and auto. They are all in on auto.

Must be due an auto win in the next, could be weeks.
Last 4 were totalled over A$200m.

The big one thought to be VW (and Magna mirror) was $125m.

Next was $21m but bit debate if it was Honda or Subaru. I think Magna mentioned Honda as a win so perhaps its them.

Next was $27m thought to be Renault.

Next was $23m thought to be part of the Stellantis group.

So last 3 were in May/June last year. Overdue quite a bit over the next while as the clcoks ticking on legislative and safety fronts.

Auto or fleet or avaition news to drop first...

Assume KPIs out tomorrow.
Fleet product re-engineered and deliveries of units (i think it was 29,000) coming late Nov 2022. So the big increase in fleet for Gen2 wont be reflected in Qtr end Dec 2022.

2023 should be a good year as the balance of Gen2 are installed and Gen3 hits the market and Mobileye get selling.

Check, appreciate the younger generation may resent things like this. But thankfully it'll be built in and not an option.
Seatbelts use were optional use once.
Alternative is they can not use any vehicles that have any form of cameras, like buses or trains, or indeed airports.

The mobileye deal for fleet is a remarkable piece of business. Suggestion is that Magna will be the supplier of Gen 3 and they have a long standing relationship with Mbly.

We should hear about Gen 3 in the next couple of months and the increased speed of implementation into a wider range of telematics companies.
More big worldwide deals like that signed with Shell in the pipeline. Fleet will surprise most and it kicks off this year..

I guess when Paul showed the new CFO his office the first thing he said was you'll be getting a call from Magna who will be dropping $17.5m into our account. But dont be getting excited, it wont come in in one go.
Ok Paul what do i allocate that money against? ... Oh stick it in the money for something we were going to do anyway account!
CFO starts buying shares for himself then.

With the CFO buying as he has its clear he knows whats coming. As well he should, working on future income, projections, knowing contracts being finalised.
Holders should consider this and even as last week we weren't aware SEE and Mbly were working together formally.
Village idiots, of which this bb has at least one, have no effect but to reinforce that title.

From 9:10

http://www.autonocast.com/blog/2023/2/16/273-mobileye-ceo-amnon-shashua-on-changing-how-we-talk-about-automated-driving

People shouldn't overlook Discord for SEE, its very good. Or of course Whatsapp is also useful.....

AConcept,
equally bad is ADVFN another interface dinosaur. Neither are useful.

Agree,
Which is why most chat groups move to Discord or Telegram and others.

Whatever way the US $17.5m is given to SEE for working with them anyway.... Is a great piece of business.
Now that would have been a great deal in itself but to obtain an additional low cost loan of US $47.5m is a remarkable piece of work by SEE.

Highly recommend watching the London meet up video again. Its just over 4 (four) months since we heard the details of how good the Magna deal actually was.
$17.5m for...... pretty much free, and finance so cheap it is amazing in current climate, ask Seye.
Fleet Gen3 out in the next few months and the Mobileye tie up... Well massive.

Yeah the fleet volumes could be massive and dwarf auto for a year or two anyway.
Paul was reluctant to namebwho the Gen3 supplier was.
Worth revealing at H1 results or prior to CMD USA.

Phil,
It would appear that you need to watch Pauls presentation again. It appears you haven't understood it properly. Not to put words in your mouth, and of course DYOR.

Phil
If you look at the chart Paul produced it shows a peak of just shy of 12mill units in 2026 from the current oem wins. This doesnt include the current rfqs that he superimposed on the graph to illustrate potential if current win rates are maintained.

If we win nothing more... Ever.. We still expect shy of 12mill in that one year.

Yes indeed Terrym, will put out another updated chart soon.
The Mobileye for fleet came out of leftside, never saw that but hints were given in other social media outlets....so probably not a massive surprise to some.
Keep up the good work.

Phil, it would be useful for all on this BB for you to explain why you are still invested here. You clearly see a lot of upside or else you'd be in oilers or commodities, but you are still here. Moaning doesnt cut it as its your money (i assume) you can buy elsewhere but continue to hold.