Member Info for MrBB

We won’t be receiving A$1400 per vehicle when our tech is installed by Fleet OEMs ,but our volumes will increase exponentially ,from 800 + per month to many thousands ,assuming we retain our substantial market lead in Fleet & our royalty for Fleet vehicles is likely to be higher than Auto .The challenge for PM & team is to successfully manage the ramp up ,although the royalty model should ensure that we should never over trade as we will be paid regularly based on numbers of units installed .If our monitoring fees remain similar & signed on 5-7 year contracts that should also ensure positive cash flow as our costs of monitoring are relatively low & this part of our business has been profitable for some time on fairly low volumes -so how profitable will it be when hundreds of thousands of Fleet vehicles include our tech & ,ultimately ,millions of vehicles .
I entirely appreciate that it is easy to extrapolate with back of fag packet numbers but ,in truth ,no one knows the full potential of our offering ,although I suspect PM & NdF will have an idea .$500mill revenues in 2/3 years time may seem far fetched but it is surely achievable if SEE are able to execute on our tech lead & incredible partnerships .
If I am still here in another 8 years (having been here for 8 already )SEE is likely to be a much larger business -although it is unlikely that we will retain our independence that long

And yet their rumoured IPO value is around $50 bill ........So what value SEE ,with our technological lead more difficult to emulate than theres
$5bill would value us at around 100p per share, but are we worth only 10% of their value,if you project our revenues & profitability just 2 or 3 years down the line.
I ,along with many of us, have been her for many years & appreciate that some would say I am ramping , but I have a decent position here & remain sincerely of the belief that when our day arrives our SP really will be multiples of 8p
AIMHO !

What % of their market do Mobileye have ?

What % of their market do Mobileye have ?

Whats not to like & dividend increasing + existing subsids continue trading well.We will have to hope that we somehow mange to avoid the ravages of economic uncertainty & inflation !

If Mobileye IPO for $50bill not unreasonable to expect that we could be one of their initial targets on the basis that owning SEE would broaden their offering substantially by owning best in class tech which should be generating substantial revenues ,profits & cash flow in 2 or 3 years from now.If they are valued at a ridiculously high level it will be not unreasonable for them to have to pay a substantial premium-assuming that our other major partners are happy with that & dont outbid them.
I appreciate that todays interviews were not released as an RNS but all key stakeholders will have seen them & surprising to see our SP slip back ( so far ) today

Fleet has always been considered secondary to Auto but with with view to our Fleet market lead,almost 10bill km of actual data ,the potential to offer our remote monitoring as an over the airways add on -I have always considered that once we are installed by OEMs as point of manufacture (with higher unit revenues than Auto )our potential revenues from this source will be very substantial .
Those long term bulls amongst us should be very encouraged by today’s update & ignore our short term SP movements .If Mobile Eye do IPO at US$50bill -what might our value be ?I appreciate that 100p seems fanciful to many but I am not so sure that US$5bill is too excessive for a company with a dominant position in a global market -particularly if a company in a similar space (albeit 2/3 years ahead in respect of maturity )is so far fetched

Very positive & encouraging in all areas of our business & apart from confident of achieving 50% of global DMS revenues (which could prove conservative),progress in Aviation, increasing traction in the Fleet aftermarket it was particularly gratifying to hear that we are actively in discussion with Fleet OEMs/Tier 1s which will be a gamechanger for that division once contracts are signed.Also gratifying to hear that we are maintaining or increasing our technological lead over rivals in respect of innovation

Perhaps that is the agenda antelope

Barry Downes & Brian Kinane are founders of Pluto Digital , (a company in which Piri,RGO & ARB own significant holdings) & they are also founders of SVV , in which Piri & Rgo have invested.
Clearly Downes & Kinane are keen on & possibly pushed for this deal, presumably supported by Akers & Riverfort - all of whome are possibly pals,possibly assisted by John Mahtani ( formerly a large holder of Tern & pal of Akers).
To me there is clearly an agenda which The Market is clearly not impressed by & it will be interesting to know what their cunning plan may be - & , perhaps, one day it will become apparent.
An attempt to reverse Pluto Digital into NFT PLC ( a quoted company) was aborted earlier this year & that may be back on the agenda at some point in the not too distant future-which will create a value & some liquidity in that investment.It will be interesting to whether Downes is appointed to our Board should the merger proceed.
Intriguing as it may be it is a pity that just as our SP was recovering strongly we have been set back again due to its distrust of our Boards strategy -so lets hope that this time our Board prove The Market wrong.

Perfectly understandable that many receiving placing shares at 0.25 have been taking profits to cover their remaining free carry.Most shareholders did not have the chance to acquire placing shares at that price & therefore have a different perspective

I may be mistaken but according to LSE buys have exceeded sells this week & yet the SP drifts back,again suggesting that those in the know may be aware of a fundraise-which I sincerely hope is not the case , but we will have to remain patient & await further news.A deal with a major will give us the capital we need & de risk the company without any dilution -surely a no brainer for them & us .

DA may well emerge as a Unicorn but it currently remains an ugly duckling with terrific prospects & showing signs of "morphing" into something much more significant-but it will take time.Meanwhile , for 20% dilution, we have acquired some interesting holdings , some of which may also become extremely valuable, but ,again,after the passage of more time .I also suspect we may well dispose of any PIRI investments which dont fit in with our plans .
I assume RGO & Akers were consulted, became insiders, & are supportive of the deal & hopefully will remain supportive once the deal concludes ( if it concludes)

I am not sure if Mahtani still holds shares here, but if he does, he is apparently a pal of Akers & I presume they have a plan, as neither share is particularly liquid & it would be tricky selling in substantial numbers.As a holder I would hope they would be more interested in buying & clarity in this respect 9 which is unlikely to be forthcoming ) could help.Rgo , by default, will also end up with a reasonable Tern holding & their intentions would also influence the direction of our SP.Lots to unravel & , despite our plummeting SP (again) the outcome may be better than The Market is currently expecting.

Some interesting relationships in the mix -apart from Akers & Riverfort there is also the Board of Sure Ventures PLC (a tiny investment trust )with Barry Downes on the Board .
Interesting to see whether there may be other additions to our Board & I suspect that Al knows which parts of PIRI he wants to keep & which will be disposed of .Pluto (in which Piri ,RGO & ARB hold significant stakes ) was rumoured to be doing an IPO with a value of about £100mill a short while ago & TERN will be keen on the jewels in the PIRI crown (assuming there are some )
I accept that if we were close to a corporate event generating millions for us that we would have paid cash but I am not sure how many investors expected cash generation at this stage
Despite the understandable SP reaction I am tempted to buy again for the first time in years as I consider the future to be bright

Interesting news today giving long sufferers an exit into a larger company with decent prospects, if you believe in the potential of their small number of focussed & dynamic investments.

I have shares in both & am , at least , glad for the PIRI exit at a profit !
Interesting to see how Akers & Riverfort view this deal as it would clearly be best for Tern if they remain supportive & perhaps agitated for Corporate action & may,therefore, seek to increase their holdings in Tern.They will know the truth about the potential of our investments & what The Plan may be , despite all the speculating here & on ADVFN

Agreed Chelsea -I spoke with the late JG on a couple of occasions about Val & he was a lovely chap & clearly troubled ,not at all helped by his substantial losses here .
The much maligned Dino aka Yasar helped organise a fundraiser for his widow & children & those of us who were able gladly made donations & Dino showed great care to his family ,having met with them .
Of course we all want our investments to do well but JGs situation should cause us all to put all into perspective

Looks like a solid enough earnings enhancing acquisition(with asset backing) to me & following our previous acquisition earlier this month, the perception regarding CRU may start to shift , operating in a perceivably unexciting sector ,with many potential operational risks ( with view to inflation & a slowing economy)but we could be re rated with view to our expected growth ,without,as yet , issuing any new shares.

Deals with Big Pharma would surely be attractive in terms of being able to rapidly ramp up our position in the US ,particularly in respect of this first successful application,which would take some time , massive investment,(resulting in substantial dilution,substantial execution risk with no guarantees that our corporate development in the US would be as successful as hoped for.To licence to big Pharma would result in a substantial upfront payment,substantial milestones ,no dilution& ,if well negotiated,a very decent mid teen digit royalty.The funds received will enable us to develop & accelerate global roll out of all applications & ensure rapid growth with reduced risk.My view is that this outcome is best for AGL in that it immediately eliminates the dilution risk,while providing an immediate cash injection & a greater chance of more rapid success in the US leaving us to do what we have now proven we do best.