focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Agree Swanny & skin in the game is an important indicator,particularly in smallies.I also assume that,at his age & with his history he is a wealthy guy without mortgagesschool fees etc?& could afford to invest much more as a sign of vonviction-hoseverbdtter than a sell.Other Dire tors should be increasing their positions if they believe in the substantial potential of our investments
Safe stocks has always been confident of our success ,as have most we long term holders .I appreciate the frustration of some but we must now really be at the inflection point from where each of our 3 divisions are likely to grow strongly ,with increasing revenues & margins & rapidly moving towards breakeven & profitability .If we achieve the Cenkos target of 20p I am sure we will all feel vindicated & look forward to further (& hopefully rapid ) growth thereafter .CFP & his new pal clearly doubt our potential & should perhaps sell & relieve themselves of their frustration .I am sure that there are some amongst us who have been happy to add again at little over 5p.
Let’s hope there will be positive newsflow ahead of our meeting next month .
Perhaps Paul & Naomi will host an earlier breakfast buffet for the faithful
We know that revenue & EBIT are substantially ahead of FY21 & that expectations are for us to exceed expectations for the year - & we were first told that with more than 6 months of the trading year remaining,reiterated a few weeks ago with the H1 update.I expect a strong dividend & continuation of buy backs with view to our extremely strong( & presumably still growing ) cash position .Hopefully news of our expected expansion into Japan & confirmation that our US division is growing strongly
Clearly PM & Naomi will be in London /Europe to meet our brokers ,investors & potential investors apart from colleague on this side of the world & they will have positive news to release ahead of their roadshow
The reasons why our SP has slipped over recent weeks have been substantially resolved & we should recover lost ground rapidly-& that is without expected news of more contract wins.
Good to know that we are charging A$1750 per Guardian unit & that Fleet /Bus OEMS are seeking out Guardian & with view to regulatory deadlines there is an excellent chance of news of material OEM contracts over the coming months.
Cash position is excellent & stock being turned into cash is exactly what we want & as all will resolved with our supply chain issues by Dec 22 no reason why Fleet should not continue to grow strongly.
Well done to all of us who have retained faith in SEE & stood by our convictions.
Positive results ,dividend restored ,acquisition confirming continued growth aspirations ,retail ahead of expectations ,BetMGM on track for $1.3bill & break even next year (which may prove conservative ) + possibility of a third & decisive bid this year or next .If markets remain benign no reason for our SP not to continue its recovery
If we have made good progress ,as referred to in the RNS,that shoukd be reflected in the Interims & Outlook statement ,which should help the recovery of our SP & give G an immediate paper profit on his reward .For those of us long & substantially underwater let’s hope he is super successful & makes millions enabling us to exit with pants still on -at some future date
She’ll will spend vast amounts on replacing their substantial vehicle fleet & I would have thought they would be starting to enquire as to whether their suppliers could instal our DMS at point of manufacture -thereby proving a great opportunity for See to sell to tanker & other OEMs who supply Shell & all other global oilies
I agree entirely that both interviews were very positive & particularly with view to PM referring to targeting a 50% Auto market share ,direct engagement with Fleet OEMs ,expansion on the back of Shell ,min contract values won understating total expected value with view to an average model lifespan of 6 years ,increasing engagement expected in US ,more RFQs to be won.
Our weak SP & regular selling at these levels suggests to me that current uncertainty could be ended by publishing the FY22 update as we are almost 5 weeks into FY22 & the 22 figures will now be known .The optimist in me does see the current malaise as an additional buying opportunity although I would prefer the reassurance of being advised that our FY 22 financials were on track -have my cake & eat it -absolutely !
Market wants confirmation that FY22 was in line with expectations ,confirmation of a healthy cash position & news of more major RFQ wins -ie reassurance in a much less stable world & particularly for non profitable small techies who may need to raise more funds .Catching a falling knife or another buying opportunity -only we can decide