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You may well be right Bob & we have been waiting for years for DA to evolve into a Unicorn.However, you may also be wrong & yesterdays RNS reprsents to beginning of positive newsflow resulting in several similar contracts which then gain traction & expand accordingly.DA are unlikely to become the Unicorn coveted by many but could could become viable niche player in their nascent market & still provide a decent outcome for Tern.
Wishful thinking & confirmation bias-absolutely but Tern is not yet as dead as shorters,de rampers & paid operatives may think-or indeed wish for themselves.
Lots of talk but what we need are positive outcomes & good news from Japan ,conclusion of the longstanding 201 contract with Tx ,more positive JVs into SPVs for promising candidates would result in an improved SP & Cenkos delivering on securing even 1 minor II would help reduce the free float & vindicate our plans .The appointments of Stella & Cathy were very positive & I look forward to a positive 2023 for Val
We all know that the market wants empiracle evidence of our progress & has discounted our fantastic deal with Magna early last month.The Fleet component shortage & "backlog" hasnt helped , although Paul seems confident that H2 will be very strong following delivery of 29k units & our margins should be higher as we sell more direct ( rather than via distributors).It is now some time since Paul referred to 1Bill $ of RFQs + the same for next year & the market wants to see us win 6-10 of the outstanding RFQs with large numbers attached.Similarly Paul has referred to an Aviation RFQ being close .
With decent newsflow the next 2/3 months could be pivotal for us assuming that we deliver on what Paul has suggested is likely to be achieved.
My guess re SEYE is that they will raise sufficient finance to enable them to continue
Greg also said they would be publishing quarterly figures as part of the company efforts to be more communicative & as the quarter ended 30/9 & the figs will have been known by 31/10 that is an additional disappointment,resulting in even more encouragement for Bears & some holders losing interest & taking their losses in the hope of investing the proceeds more successfully elsewhere.
I too have emailed without response - twice!
No doubt GM will be his usual cheery positive self when we do , eventually, hear from him.
We know that we are involved currently in 10 RFQs ( & I am not including the SEYE "win" announced yesterday)& that we are likely to win 50% or more by value,we have been advised that 29k G2 units are arriving shortly ( possibly in transit)& our Fleet instals are likely to increase substantially over the remainder of FY23 ( & ahead of the launch of G3,when we expect more substantial orders + post production line fit ) ,we know Aviation is on the cusp of the long awaited "imminent " deal.There is also the possibility of Mobileye,with their very highly valued paper,being interested in acquiring us, not that many would want that ruight now
The Market wants to see the empirical evidence of the above & it is surely coming ,over the course of CY 23 & as we approach an environment where Regulation will determine what must be in Cars & Fleet vehicles.
I am sure the Argentina game was very profitable for all betting companies & England will have been well backed at low odds to beat Iran-but not 6-2 for those who bet on scores.If an third bid is coming lets hope its for a decent premium & by an offeror who can complete-if acceptable.Bet MGM is probably now close to break even 7 MGM dont need due diligence to know that.
Next trading update due Jan to cover FY 22-unless we are trading ahead of revised increased expectations in which case an additional update could be issued.
With the current rate of share buy backs & assuming a stable SP I calculate that I will own 100% of the company in around 33 years.
Results better than expected & first significant dividend increase for years-little TEP became a blue chip
Mat-Not sure if you were at Town Hall but I recollect that PM said that OEMs were running out of time to ensure that they can meet the deadline with view to the engineering which will need to be done once contracts signed & that he therefore expects responses to RFQs to be be issued by the end of the year .He also said that they don’t know when they are coming until SEE are notified that we have been awarded a contract -which debunked the myth that we may be ‘sitting’ on contracts & will release the news when it suits us to do so .Thetis was also an inference that we have a good idea regarding some RFQs which we are likely to win -presumably based on working closely with their team ,I presume.We will just have to be patient for a bit longer
I would have thought they would have run their forecasts by Paul & Naomi before publishing as they must have had grounds for forecasting such an increase-although could be based on the 29k G2 units which we ordered in?