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
Nothing anyone says here can move our SP & it is ,as it says on the tin ,a discussion forum .CFP is negative (vindicated by our poor sp performance recently ,hence his/her increased activity here )while most of us here are very long ,very committed & hopeful of continued empirical tangible evidence of our progress in respect of more signed contracts ,increased revenues & ,hopefully ,an expectation of break even then profitability .Meanwhile we wait a while longer
Interesting that the SP of the self proclaimed Kings of DMS has been very strong relative to SEE over the last week or so ,despite no contract wins (that I am aware of )
Our several major shareholders must have all contacted See over the last few days to try to establish whether anything has changed & presumably suggest that an update be issued ASAP to end the current uncertainty
Vital for us to have met expectations for FY22 & as we are now 4 weeks after 30/6 & as much as a FY22 update is scheduled for end Aug it would useful for a simple & reassuring statenent confirming that all is on track & more detail will be provided with the update scheduled for end Aug
We will hopefully be continuing to generate cash& despite the acquisition & continued buy backs our EPS should be growing strongly while our PE ratio continues falling .Too many companies have buy back programs as their Biards have no idea how to invest their cash ,which in the case of many companies throws into question their entrepreneurial credentials -especially in inflationary times