Member Info for MrBB

Staggering that as CEO of a quoted company he can say that about a competitor.I would prefer PM to have some of his own skin in the game ,as I have rambled om about previously but what % of Apple do Board Directors currently own-or any other major tech company.Lets hope we prove him wrong & he may be talking up his book ahead of another fundraise ?

Perhaps progress in our SP us being hindered by a large seller & Market Makers are managing their book .I am sure we (apart from Stve /Smokey) would be very gratified if the buyer turned out to be PM -the chances of which ,I appreciate are remote .Many of us here have holdings in excess of 5mill but I expect they have been accumulated over the years rather than bought in 1 or 2 tranches

Warren Buffet,Terry Smith, Nick Train & many others have made their fortunes ( & fortunes for their investors ) by buying & holding their conviction buys.SEE is a conviction buy here for many of us & I am hoping that our conviction will soon become vindication

I appreciate that Fleet has always been viewed as a slow burner & I agree that on our current trajectory installed units of 35k would be viewed as a decent achievement by ,say ,30/6/21.However there is scope for that to increase substantially ,partly due to regulatory changes in Aus & NZ ,our biggest markets -where there remain around 800k trucks etc which do not yet have DMS .Additionally ,at what point will we be signing contracts with manufacturers of Trucks ,Coaches etc for Fovio to be installed at point of manufacture ,which would radically increase our sales from Fleet & our monitoring services ,if required ,could be easily added remotely ,generating substantial additional revenues with very low overheads .
Our lowly SP in the midst of a tech boom is extremely disappointing but if our outlook statement with our Finals is positive & a few decent deals are announced I remain very positive about our prospects to re rate to a much higher level .Under 3p again seemed unlikely earlier this month but I would view that as another buying opportunity ,while appreciate that my large investment here makes me extremely biased towards our extreme success (before Steve & Smokey shoot me down inflames )

Let’s hope JG is planning his exit based on what appears to be an improved outlook for CRU ,despite C-19

Meanwhile our daily KM covered is steadily increasing & we should exceed 5bill naturalistic km before the end of September & we are expanding majorly in Australia & NZ ,which have approaching 1 mill Fleet vehicles & therefore much to go for in those "small " markers.
Competition is good,particularly when inferior & when we have Fovio .

So double the number of buys over sells & our SP falls while over @ wmh the opposite occurred & their SP increased strongly -go figure !

Hands free only possibly if DMS in vehicles concerned -so those at the technological edge, such as Tesla ,will have to act very rapidly in order to ensure compliance & that their tech can be used .I appreciate that revenue from an unlikely deal with Tesla would not be expected to be that high but it would be a fantastic PR coup for us ,increase consumer awareness of our technological lead & may even help with the long awaited re rating

Great that Mr Brown bought 7 mill shares but it would be "greater" if PM also invested £224k & also bought 7mill shares !!

The rising SP suggests that the sakes are not bad news although I appreciate that Directors selling £22mill of shares ,if that happened,would not be good news

I appreciate that ,Taverham ,but Plus have been operating successfully this way for years & have returned over $1bill to shareholders since IPO -so at what point does the risk premium reduce from 100% & our SP re rate to narrow the gap ?

Excellent results ,as expected & while they may expect Markets to ‘normalise ‘ in H2 ,they may not & volatility in currencies ,Cryptos ,commodities etc are likely to persist due to C19 & economic uncertainty around the world .
Interesting comment about the possibility of making acquisitions in territories where we currently don’t operate ,presumably with view to buying reasonable market share in those territories & then increasing it by migrating clients to our platform & focussed marketing to increase our share of those markets .
Additionally Australia is a smaller part of our total operation so while regulatory changes there will have an impact it will hopefully be less material than anticipated (by some).
I too wonder why IGG are rated so much higher than ourselves when we outperform them on every metric .
Returning over $1bill since flotation is staggering

Re rating currently under way & hopefully the up trend will continue this week & a new trading range will start to be formulated -hopefully backed up by positive news

Strong Interims & seem very confident if Advair Diskus approval as including $20-$40 mill revenue in second half projections & presumably there will be some lead time between approval ,manufacture ,marketing & sale .Kets hope approval is announced ASAP !

Hopefully we are in the process of re rating to a higher range ,despite the temporary buy back pause & ahead of Results & (hopefully) confirmation of approval of our Advair generic & possibly other positive news.All of which is against a backdrop of weak Markets so let's hope that the uptrend is established & our long awaited recovery is underway .

Aim is littered with companies whose CEO s are constantly bagging up,prospects without delivering resulting in SP spikes which are then deflated ,causing stress & losses for many PIs .Managing investor expectations is always a challenge but I would rather have a conservative CEO than a bullsh**ting swashbuckler .I appreciate that some felt the Proactive interview was low key but we should all be very pleased that a short term cash call now seems very unlikely ,Fleet is recovering with momentum building,Auto is progressing as expected with more to come & Avaition contracts are still expected ,although the timescale has been (understandably) pushed out .PM I am sure would admit that he should not have used 'imminent' over 12 months ago & he will be more circumspect moving forward.We outperformed expectations substantially & let's hope that momentum is maintained when the Results are announced in October & that ,by then, PM may be able to provide guidance for FY 21 & ,most importantly ,let's hope that our cash position continues to improve ,which should be the case if Fleet continues on its growth trajectory & Auto continues to see increasing recurring revenues with existing (& new) customers buying our much heralded products.
I understand short term traders selling at current levels having made a quick 10-20% over the last few weeks ,but most of us are long term holders & we may just be on the cusp of an upturn in our fortunes resulting in a substantially increased SP despite very poor conditions in some if our Markets .I have sold no shares since first buying & should we slip under 3p again (which hopefully won't happen) I will be buying again as I believe we are now a much less riskier investment than at any time since flotation

Now the update is out of the way & finals not expected until late Oct -is there any possibility that Directors & PDMRS will be able to buy ,not withstanding insider information that some of them maybe in possession of.One of my irritations is that PM ,who is doing a great job ,has no skin in the game & did not take the opportunity @ 3p

We have performed well recently while Markets have turned down following substantial C19 uncertainty & while operating in sectors most affected economically by C19 -we should be pleased that we are continuing to make progress with that backdrop, our SP has recovered from its recent lows & ,most importantly ,a fundraise is totally off agenda for now as we should approach (or exceed )breakeven this year.

EXACTLY !!

I maybe delusional due to the extreme heat but our daily Fleet km covered appears to have been increasing over recent days ?