Member Info for MrBB

Perhaps the shorts will now be encouraged to reduce or close their positions - millions of shares to be bought back ?

I may have missed something but ere we sure that PM is coming to London as the Results presentation could be done from Canberra.
Additionally he is likely to be very selective about questions he decides to answer,if he has time to answer many.Hopefully the Results statement itself will answer some of the questions.

I thought TFL trialled Guardian a couple of years ago in 70 or so buses but I dont believe that any comment has been made by SEE or TFL since then.Was the original trial unsuccessful, or did it not happen & it is happening now ?

They must be extremely confident of our prospects as they know that SEE is an illiquid stock & if they have ****ed up & bad news emerges it would be almost impossible to shift over 400mill shares.They clearly expect our SP to perform well & their expected exit will be following a takeover-hopefully at a substantially higher price.

Perhaps our inaugural BDMS contract was with Uber ?

We need to be able to demonstrate rapid & achievable growth in order to justify a higher rating ,say A$50-60mill for FY 20 & A$100-120mill for FY 21.Revenue in the A$30-$40mill range is likely to see us taken over cheaply

We need to be able to demonstrate rapid & achievable growth in order to justify a higher rating ,say A$50-60mill for FY 20 & A$100-120mill for FY 21.Revenue in the A$30-$40mill range is likely to see us taken over cheaply

CFP-We have to bear in mind that TFD,which we werent told the truth about at the time ( the global compressor shortage being a bit of a red herring,IMHO) was an abject disaster for SEE & could have brought us down completely.Mick Mc Cauley & Paul Angelatos "left ",having been well paid & very well rewarded with shares ( which they probably sold).We have been in rehab since then & PM seems to have redefined Fleet ,which now appears to be moving strongly in the right direction.Understandable Markets & Investors will take some convincing that SEE is capable of recovery & then delivering on its expectations.Most of us here are very long,by which I mean a large number of years & with relatively large holdings & we are therefore pre disposed to seeking out & being reassured by the many positives & trying to block out the negatives.PM now has the opportunity to capitalize on the positives & deal with the negatives & ,so far his rhetoric has suggested that he knows what needs to be done & what we now need to see is words put into action-which hopefully will be the case over the coming weeks & months & confidence will be seen to have been restored in SEE as an exciting technology company which,at very very long last, is now in the right place at the right time.

Unfortunately still reducing & I had hoped that our results may have encouraged them to hold their remaining stake but looks as though they remain committed to reduce despite forthcoming special dividend,buy backs & prospects for a substantial injection of cash from GSK.
We need to find supportive IIs to take up the slack & the appointment of an experienced CEO with a solid track record would be a great start.

Winning Volvo would be seen as a great feather in our corporate hat but VW & Toyota,if won should be accompanied by significant contract values.
The RNS which could transform our perceived prospects & SP would be a major licencing deal with a major global brand ( eg DHL,Emirates etc) & with the promise of more similar deals.Not only should it resolve short term funding concerns it would provide great publicity for our products & IIs who previously have shown little interest in us would wake up to our potential-apart global heavyweights ( eg Intel) who may be considering the merits of merging our IP portfolio with that of Mobileye.
Lets hope we have something tangible before ( or with ) Results rather than just positive rhetoric.
Hopefully Sept 2019 will prove to be pivotal for the fortunes of SEE & we long supportive shareholders

Our SP did well under Mikes tenure due to the ramping of Fleet & short term revenue projections .We know FY 19 revenue was slightly ahead of expectation & we should hope that losses were within expectations & that announced costs cutting (in Fleet)will result in substantially improved expectations for FY20 ,aided by a pragmatic but decent increase in projected revenue (say A$50mill+).Another decent RNS or 2 ahead of Results would be useful ,as would comment from PM that should additional finance be required before breakeven ,it is expected to be at a much lower level than previously & could be funded by bank borrowings ,secured by our rapidly growing SAAS revenues.

We were told that monitoring is profitable & our connections are ,apparently ,growing strongly so the profitability of monitoring must be increasing.Overheads have been reduced & we are relying on distributors ,apart from the occasional large direct client ,& we no longer instal directly -so why would we dispose of Fleet -especially as there remains the possibility of a transformational licensing deal .Off road grew strongly in the first half & was the original cornerstone to our whole business-not a reason to keep it but a decent rail contract couldcresult in profitability -so why dispose of it.PM advised us early in July that an Aviation contract should be forthcoming very soon & I presume he meant fir more than a couple of hundred k.I would expect that time majority of our costs & employees are devoted to Auto in any event.I understand that we don't want to be spread too thinly but I prefer to be diversified & not deoendent on one sector .Hopefully our revised destiny will be revealed on 23rd

When I first invested a relatively small amount into SEE I was very aware that it was a high risk V high reward investment, with fantastic potential - & little has changed in respect of our SP (allbeit lower than it was then following substantial dilution).We then had one primary income stream,ie off road & Caterpillar with talk of various other income streams ( eg health,mobile etc)
We now have Fleet back on track & growing nicely,Off Road & Rail did well in the first half ,which hopefully continued,Auto with growing numbers of contracts with many of the Worlds major manufacturers ,BDMS currently with only 1 signed contract is disappointing but much potential remains,Aviation which remains in the early stages but there remains the possibility of a deal to be announced soon.Our recent fundraising ( higher than Ken had wanted) could provide us with sufficient capital to see us through to breakeven/profitability & if we do need more capital we should be able to borrow on the back of contracts in place & our recurring SaaS revenue.
So I conclude that we are now substantially de risked compared to where we were a few years ago & we need PM to be able to announce a very positive outlook statement with the Results in less than 2 weeks & if all is positive our SP may re rate.IMHO-still very high risk,but much less than a few years ago & now very close to an inflection point that could see us much higher.

Thanks for your projections & I would be interested in Kens comments as to the achievability of your figures in addition to his view regarding the possibility/likelihood of a transformational deal for Guardian whereby a licence would be signed with a global truck,coach,bus manufacturer resulting in Guardian being installed at point of manufacture & SEE providing ongoing monitoring services in respect of hundreds of thousands of installed units ?

I presume will be published very soon & the Outlook Statement will give guidance as to how the year is expected to pan out .

Q3 trading update due next month will make interesting reading & will certainly help maintain the positive momentum if our US venture has started well.

Agree that it is a positive enough update & a special dividend at least gives shareholders the possibility of a return presumably with more to follow if we receive a total of $180mill + from GSK & the $32mill final Exparel payout in 2/3 years.Pity new CEO appointment wasnt announced .

Best marketing See have achieved in the U.K. without spending 1p-the general public don’t know who SEE are (& don’t need to ) but the connected investment community ,vehicle manufacturers ,prospective clients will all know who we are & prospective clients will be reminded of the urgent for them to be seen to prioritise safety on our roads -be it trucks ,buses or private vehicles

ET-you have possibly not seen the chat trail since yesterday evening so ,as Ken,is now amongst us,perhaps he will be able to assist with your paper

Someone last night proved that Ken has decided to join us & share his experiences & views .I appreciate , Ken ,that you cannot share information not in the public domain but you knowledge of the company ,senior management team,& our true potential in helping we long term holders to have a better understanding of our potential.Cynisism by some is understandable & I am sure your skin has thickened during your tenure as CEO /Chairman but I am sure the majority welcome your input .I presume you have sold some shares to help fund your house build as I thought your holding with options was in the order of 16mill.
I appreciate that you have been asked many questions since your arrival & it would be great if you could respond to those you are able to