Member Info for MrBB

Historically Volvo had a holding in SEE-but that was several years ago .Surely they would only commit to SEYE if they considered their financial future to be secure

Which is why ,following their IPO & crazy valuation ,that they must be favourites to try to buy us -assuming they believe that our key relationships don’t conflict & could be complimentary .Paul clearly not interested in any deals until our market lead can be ratified by rapidly increasing revenues ,profits & cashflow .As we are funded to break even they would have to pay a hefty premium & 100p + doesn’t sound as crazy as it did a year or two ago .The inflexion point is now very close -IMHO !

Stella clearly sees the substantial potential of our portfolio ,which is why she has risked reputation by agreeing to become a NED .Her job ,apart from her ruthless deal making brain ,will be to raise finance & her connections should ensure that sufficient amounts will be raised but J am sure that our Board will hope to make the next raise when our SP is much higher resulting in less dilution we long suffering shareholders .

I have been a massive fan of Fleet for years & once G3 is launched & we can start signing post production installation contracts our connections should increase exponentially & our very profitable monitoring services will provide substantial additional revenues.We have barely scratched the surface of the vast global Fleet market & with view to impending regulations that market will explode & Fleet OEMs & operators cannot ignore manadated safety regulations

Exactly & according we have been told that the $395m should be received over the next 6 years-so if we assume no more contract wins & 2 X minimum contract value ,that would give us an average of around$135m pa from Auto over the next 6 years-which substantially exceeds our current annual revenues .When expected/hoped for new RFQ wins are announced those figures will increase substantially & we must bear in mind that our Auto margins exceed 90%.Some large sales/buys today are interesting

10% is the maximum but the budget is $60.4mill so to buy 10% our SP would have to fall to an average of about 600p.If our SP remains around 1850 we would buy back around 3mill shares but at our current buying rate (about 160k p week) this facility would be fully utilised by early next year,when assuming all remains well & our cash pile continues growing(helped by higher interest rates) the facility is likely to be extended once the current facility is utilised.
If we can demonstrate material growth in the US & consistency in our other territories,our SP should continue its steady ascent.

Short term I am sure that the Board want to generate as many positives as possible before a fund raise which i am sure they will be hoping will be at a higher level than 1.5-2.00 p.Major exploration companies/producers operating in Australia will have a view as to the credibility of the Board & the likelihood of this being a genuine Giant prospect & , if so , they will be all keen to buy stakes in tiny eee

3 largish trades towards the end of the day & it would be very positive if 3 other Directors have followed Kates lead

Great to see an expansion of the buy backs & if this continues for the next 15-20 years at this rate I may well own the company !

We should be in demand as bus /coach operators have little time to be compliant & their should be great interest in our proposed post manufacture offering as well as retrofit .Pity we are still awaiting G3 as if in production we would sell very large quantities -in my opion

Whether Mobileye bid for us depends on whether they believe our tech is truly 18 months ahead of the curve ,their concern about losing market share in their core business & therefore feeling compelled to diversify in order to broaden their offering ,the extent to which they have the vision to see what we coikd be achieving in 3-5 years in terms of market share ,revenue ,profits & cash flows .If they share the bullish view of most of us here about our prospects ,they have to consider how much it is worth them paying for the rights to what we have .Paul wants us to realise our full potential ,as we all do ,but if Mobile see us a crucial part of their future plans they would have to make a substantial offer -which following their IPO & the fact that the Market has reacted very well affording them a very high valuation .Intels advice I am sure will be if you identify a company who you believe to be crucial to your development you pay the price -which is why they paid $15bill for a then tiny company with what they believed to be must have tech .Why would they view us differently & how much would they be prepared to pay & who else in the Market would want to prevent that & at what cost .I would prefer this discussion to be happening in 2/3/4 years but we may have no choice

Glandore ,I doubt whether we will remain independent long enough to receive dividends .
The future looks bright !

If we can execute on our technological lead & achieve effective market domination the Mobileye IPO valuation (around $22 bill )must give a clue to our potential to be substantially bigger as a company than our current $350mill

I am not a techie but hard to see why OEMs who are behind the regulatory curve would not instal a Magna mirror for $70/$80 if it not only ensures compliance but also ensures a 5 star safety rating .Surely even the might EM must be tempted to sign a contract ,despite him not believing in the need for DMS ,purely to appease The Regulators & particularly with view to the relatively low cost .
I am probably missing something ?

Also, many shareholders invested for the first time or increased their holdings substantially under 3p in the few months up to Aug 2020 (after the last 3p placing )& are substantially in profit.100% gains in a small loss making techie in just over 2 years is not too shabby for those fortunate enough to buy/increase then

Should underpin our SP

Should underpin our SP

I appreciate & respect all views & always good to have a debate about the pros & cons & CFP has always been negative .However a balanced debate must always include the tangible (as opposed to theoretical )positives ,eg
1)6/10/22 -deal with with Magna for $65 mill ensuring we have sufficient cash to see us to break even & new shares to Magna @ 11p ,ie double our then SP
2)retrofit growing strongly (18-35% pa) + G3 to be launched soon reducing installation time from 8 to 2 hours ,ie quadrupling our potential productivity + in discussions with OEMs about installation of Guardian post production
3)BDMS growing substantially due to the increase in autonomous vehicle companies
4)Auto contracts won with minimum value of $395mill with 5 of 6 outstanding RFQs expected to be announced before the year end & based on past results we are likely to win 50-80%by value .Our royalty income currently increasing substantially based on current production
5)Aviation ,a niche division ,but small contracts won & we work with the industry heavyweights & recently seen at BAE conference as a key partner
6) Our main auto competitor trying to shore up their finances & in process of losing their flagship client to a competitor ,ie ourselves
7)Partnerships /collaborations with some of the largest global companies in our sector
8)A solid & established management team
9)Cenkos recently increasing their SP target to 25p
Markets & the world geopolitical situation & economic situation are dire but results this week followed by analysts projections for FY23 & beyond should underpin our value

With view to SEYE clearly struggling to raise funds I would have thought it unlikely that any OEM would be prepared to commit to long term contracts with them until their financial position is resolved or they are acquired by a large well financed company-despite the lower cost of their products-which should help us win more of the outstanding RFQs which,according to Paul, need to be concluded ASAP with view to the rapidly approaching regulatory regime.

"Shore up the company" is not a great way to describe your need for more capital,inferring that they will be out of business if they cant "shore up " their finances.Companies who have signed up to their offering though may be tempted to take stakes to ensure that SEYE are able to deliver on orders.Prospective new customers must be wary of signing long term contracts with a company whose short term finances are currently uncertain