Member Info for MrBB

Terry- I would rather Aviation news drops before the US event.What will they talk about in the absence of any additional tangible news ?

The mistake that many of us long term investors here is that we invested too soon & my first purchase,all those years ago cost around our current SP.Fortunately I increased substantially over the years & particularly when we remained under 3p for some time after a poorly received raise at 3p in 2019.The long period of time which has elapsed has allowed several of us to build much bigger holdings than we would have otherwise had & my average is now around 3.5p
At very long last I do now believe that we are at the inflection point from which our revenues will increase substantially ,we will reach & exceed breakeven into profitability & our SP will respond accordingly-a useful "starting " point being the Cenkos target of 24.30p-at which point we will all be happy,whatever our entry level may have been.
Martin Ive buying in large numbers very soon after his appointment is a substantial bull signal & I am looking forward to Interims followed by the Capital Markets Day in New York & more news regarding the launch of G2 which was hinted at in Pauls summary.Partnership deals with global industry heavyweights is also very positive for the prospects for our future growth & our recent deal with Mobileye could help Fleet grow exponentially.
We have been waiting for some time for the long awaited "imminent"Aviation deal & perhaps that too will soon become reality & Cenkos still include no value at all for Aviation in their 24.3p target
I have conviction here,along with several others & I am looking forward to our conviction shortly being vindicated.

As I have been bullish since my first ‘dabble’ here over 10 years ago -so hardly a surprise that I remain bullish -while appreciating that I may have confirmation bias .
Positives -
1)Healthy cash balance with more to be drawn ,if needed
2)Revenues exceeded expectation with Cenkos expecting more for FY23 than previously & Mai raining their 24.3p target -which most of us would be happy with for starters
3)-Fleet exceeded expectations despite only taking delivery of 29k units towards the end of the calendar year
-backlog reduced substantially over a short period
-presume that 29k G2 units bought as we expect to install most before G3 launched so I expect Jan & Feb 23 to show good installation rates
-monitoring revenues increasing & likely to increase further in FY23 -very profitable
-referred to launch of G3 which will be a game changer
4)-Auto royalties ramping up & expected to continue increasing as new models go into production
-royalties carry very high margins
-As many as 15 outstanding RFQs of which we should win a decent % ,say 50% ,further increasing our minimum contract value
5)Aviation not mentioned but maybe in outlook statement accompanying Interims
6)Interims in 2 weeks include outlook which is likely to be positive on all fronts ,may refer to launch of G3 & consequent prospective Fleet contracts for post manufacture installation (could be Fleet game changer )
7)Capital Markets Day in NYC day after Interims -they would not go to the time ,trouble & cost unless the expect to have something to say other than a reiteration of Interims

Great summary See20-but to state the obvious it should also be mentioned that MI is CFO & most CFOs are very conservative when it comes to buying real skin in the game ( ie risking reputation & cash by investing theirs & family money) & therefore his buying so early during his tenure adds weight to the very positive inference of his buying in volume & I remain curious to see if his buying continues,when he can, if our SP remains in the current narrow range

Assuming no major contract news tomorrow & an update which is as expected,ie not in itself particularly exciting, & our SP continues trading in its narrow range , it will be interesting to see if Martin Ive continues buying, if he is allowed to ahead of results, or whether,if he has to wait until Results whether he resumes buying then ,again assuming our SP remains suppressed.

Agree about pop up ads -especially when that included scantily clad large breasted ladies looking for more mature men & my wife pops into the office when the ad pops up & starts a stewards enquiry into my internet viewing .How do they know ?!

He will, more importantly, be presenting The Outlook

If we continue growing & our US division can take a decent % of that market our SP will eventually re rate

Perhaps Paul will clarify the potential of this collaboration in the various interviews,Q & A sessions etc post the forthcoming trading update

Very encouraging that he continues to buy at higher levels ahead of a trading update which he must have co authored

I originally bought shortly after IPO & , as I recollect that an unexpected profits warning was issued shortly after we were advised that we remained "on track"& our SP plummeted , so I bailed completely having then lost faith in our CEO.I did buy back ( half the amount I originally held) & believe we area much stronger & more diverse company than we were then.Apart from our massive cash holdings & very acceptable yield ( particularly based on cost ) we now have around 18% less shares in issue following years of buy backs & , unless the unexpected happens ,again, I view Plus as a core holding-especially as we appear to be gaining traction in the substantial US market.
It will be interesting to see if our SP continues rising whether a bonus issue will be made to make our shares more tradeable

Trading update in a couple of weeks + usual proactive interviews will no doubt follow & Paul will then have the chance to discuss the potential of this opportunity -which I expect will be to rapidly escalate the growth of Fleet

Cenkos ,our former broker ,appear to be more interested in beating our drum than Stifel ,our current brokers .Anyine have any idea as to why Stifel are so silent ?

Surely if the prospect is that good majors operating in the egion will banging our doors down for a piece of the prospective action & we will be holding a beauty parade of prospective trade investors who may want 20% for £2-£3mill.I defer to the knowledge far more experienced smallie mining investors than me

RNS today-wont be material but likely to be a very profitable part of our EMEA business in an area where markets were presumably previously unregulated

Mby clearly consider our tech better than theirs ( a great endorsement of commitment shown here by we very long termers) & presumably they will be migrating their large numbers of existing clients, together with new clients, to Guardian.I am sure that they are also attracted to the sharing of monitoring fees on JV clients.They have also presented themselves as 1 of several potential bidders , hopefully in the fullness of time

Paul would probably say that they can only produce news when they have it ,eg he said at the last Town Hall that they only know if they have won an RFQ when they receive the confirmation email from the OEM/T1.
We know the trading update ( & maybe KPIs) will be published on 22/2 so we should have a clearer view then & still leaves around 3 weeks for contract news to give us all of a boost.

Tobin may be wealthy but he did not accumulate his wealth by making poor decisions 9 I presume) & his consistent investments here must be based on his expectation of an exit at a much higher price.He may not be aware of any specfic price snsitive information not in the public domain,as was the case when he was paying almost £20,but he will be in regular touch with our CEO & is clearly confident of our ,& his , prospects-just a pity that The Market does not yet currently share his optimism

Ahead of expectations & FY23 likely to be very strong + no revenues from unregulated markets.Amazing progress from the good old days of SBT!

I havent held for years but clearly some major issues arising which must mage 888 vulnerable to a low ball bid by a larger player