Member Info for Matml74

“ @notrade, I'm assuming SD had some funding in place (albeit on a contingent basis, maybe) in order to make the $85m offer to buy back the 5% option.”

It wasn’t an offer to buy back the 5% option. We already owned that. The $85m was an offer to buy 5% back off NCM increasing GGP ownership to 35%. It was a master stroke.

I do find it amusing that some are worrying about a few thousand fleet installs when it’s auto that is the big prize. Jokers.

Cash position at Dec 21 was $80m.

Royalties start ramping up early 23 with 30+ models on the road. If they win their stated shared of the $1b rfq then there will be substantial upfront preproduction fees associated with that. Plus you have the rollout of the Shell Fleet framework which should contribute considerably to the bottom line.

Not concerned by the current state of play regarding cash and we will find out exactly where the company stands in 2 and a half weeks time.

“ but if SEE create a constant information vacuum”

There have been 13 significant rns’s this year….. basically 2 per month! Not sure how that is a news vacuum. I am in a stock that has had one rns all year! That is a news vacuum!

The EU is about 10m new cars a year so those numbers are way out IMO.

Soulboy,

" that’s not about Covid, Brexit, chip prices or energy prices."

Of course it is! I have just been through the YTD share price gains/falls of many of our partners (Qualcomm, Ford, BMW, GM, Ambarella, ), competitors (SEYE/CIPIA), and similar tech growth stocks . Not one of them are in GAIN territory. They are all lower than they began the year ranging from -20% (Qualcomm - it was only a few weeks ago this was closer to 40%) to -68% (SEYE our main competitor).

I guess all the these companies are rubbish at controlling their share prices as well. Focus on the fundamentals. The company is doing a good job with these.

Looking forward to the rns that lets us know how much the CARIAD/snapdragon ride tie up is going to be worth to SEE.

The official dates are on the SEE website.

Trading update 31st August
Full year and directors report 27th October

As stated below guidance was given in the last rns.

Phil,

" At the moment we have about A$300Mil of confirmed contracts. That is lifetime value, so if you assume that the life time of each model is 7 years,"

This isn't correct as has been pointed out in the broker notes.....

" The ‘cumulative initial lifetime value’ of these awards is now up to A$372m/US$268m which, as highlighted in today’s announcement, is predominantly based on conservative minimum production commitments for initial vehicle models. However, with actual production volumes usually much greater that minimum commitments, and the technology already being seen on models beyond the initial award win, we believe the actual estimate lifetime value of these awards is already considerably larger."

In any case posts on this site won't impact what happens with this share price or investment in the company. The lack of liquidity in this stock means only meaningful movement in the SP will occur when institutions have to by in the market.

From 2019 Annual report - " Total contracted revenue for the Automotive business of approximately A$200m, with the majority to be recognised in the 2021-2024 period based on projected lifetime OEM volumes"

So a large part of A$200m in revenue to come in the next 2 years based on this statement above just based on Auto.

Chuzt, I agree, this focus on a cash raise doesn't seem to take into account the following from 2019......

"the total projected value of contracted revenue for the Automotive business is now in the range of A$170 million to A$200 million, up from A$110 million at the end of FY2018, with the majority of this expected to be recognised in the 2021-2024 period based on projected lifetime OEM volumes."

From my reading of the annual accounts very little of this $170-200m has been recognised to date, which means a large chunk will be in the next 24 months..

Ok fair enough. Hadn’t looked at it like that. Volkswagen are forecast to be the largest seller of electric cars by 2025 overtaking Tesla. The company came out last month expecting 50% + revenue market share and they have betterforesight than most with respect to the medium term market and so I will go with that until indicated otherwise.

“SEEs prospects, in my view, depend on being in electric cars”

Bozo, I really don’t see where you are going with that statement. EU regulations stipulate all new cars need DMS from 2024 onwards. The US will follow soon after. Electric or not it does not matter. The technology will be regulated to be in ALL cars and SEE will take 50%+ of those markets.

Every company has a weak SP at the moment. An update like that will do nothing. They have said in the last rns what you have just asked for and it did nothing. A full trading update which exceeds expectations and guidance on 2023/2024 revenue growth might give it a kickstart.

At times like these it is best ignoring the share price until market conditions stabilise and let the company do their thing.

From last rns..... " the Company expects to announce continued strong progress in its full year trading update in August 2022."

" The Institutional Investors must be concerned about this price level."

Why? It was less than 2p just over 2 years ago. I've seen a few videos from SEE's institutional holders talking their book and I got the impression they were here for the long term.

Pretty sure Magna have very good visibility of where dms market is headed and they paid 11p.

MAP,

This is from the biggest DMS win ever.....

This program covers an expansive number of vehicle models with mass production scheduled from early 2024 and an initial lifetime value of A$125 million. While representing the largest awarded DMS program to date, there also remains significant upside potential based on OEM expansion plans.

......... "significant upside potential'. IMO they cant do much more than that.

Also if we are talking revenue China is only 10%of worldwide dms market according to what has been said today....... and SEE will still take a slice of that.

So we have been told that SEE effectively are taking 50% of 90% by revenue outside of China.

“ The theories about more Havieron's inside the Havieron license area are not fantasy statements, you cannot allude to them without significant knowledge of their presence. When the guys in the know say so, then you can rest assured, if they know, they know.”

You only have to drive 30km away and our JV partner has had vast experience of this. At Telfer which started as a main dome made many further discoveries, 2 further sub domes and a dozen more deep reefs which has kept the mine going nearly 50 years!

Eastern breccia and northern pods and the SE deeps are just the start.

Schroner, I disagree. They can’t come out with an rns and materially state they have 50% market share as they don’t have that yet…… they may do after the current round of rfq’s however. These interviews are still just an aspiration/projection of where the company hopes to get to so not material info.

What should happen though at YE results is some financial projections for the coming years and this should help the market see the opportunity here.

He also stated there were “scenario’s” where the market share attained could be higher than 50%!