Member Info for MrBB

KK is known for responding promptly to emails & I presume he is no longer with the company & would be unlikely to take any risks posting here with his knowledge of Corporate Governance

Welcome Ken & as you know there are some extremely tenacious researchers on this Board & we all have a vested interest in the success of See & my expectation is that we are now closer to achieving our substantial potential than ever before & are close to an inflection point in our business plan which will result in substantial growth,would you agree ?Would FedEx be a candidate for a substantial licensing deal (amongst others)& is break even likely to be brought forward ?I hope you have held on to your shareholding in confidence of the potential for a substantial return after years of your substantial efforts to lay the foundations for where we are today

Fair not Far !

A far % of the declared deals going into the close & I can assure you all that I know absolutely booger all & i decided to "average down" ahead of a much hoped ( & prayed for) pre results newsflow .I am hoping that our senior management team are desperately trying to deals ahead of Results which Fleet is quietly going about its business & feel decidedly optimistic about SEE this glorious Friday evening.

Me too !

Hopefully prelude to a sale at 300p & I can bid farewell to this long running saga !

Interested to see that JB was today appointed Non exec Director of Ricardo Group .Interesting as Ricardo have a growing Rail Consultancy business & recently bought an Australian company,Transport Engineering PTY ,for about £30mill who are expected to do well in the rapidly growing Aussie rail market.Hopefully JB left us on good terms & could see the substantial potential in our various projects, including Rail ?

You have done well to still be in profit at these levels!I break even at around 4p & I will average down ( again) if our SP continues its malaise ahead of results-which we know from the trading update will be ok -with the Outlook statement determining our chances of prosperity.

It will be interesting to find out how many Fleet connections we have by 23/9 & the target for FY2020.I would expect PM to be cautious in his outlook,following TFD,but hopefully he will be projecting 30k + ( an upgrade from £27k) but while expecting a higher number.He must manage expectations carefully & aim to outperform achievable expectations rather than establish unachievable targets.A decent licensing deal could blow all current projections completely out of the water.

If PM & Team are now concentrating their efforts on trying to sign up licencing deals with major clients,we should expect that they will take some time before reaching fruition but we know we have long standing arrangements with several global brands,some of who may be more tempted to use our technology if they had it under licence,eg truck , bus & coach manufacturers who manufacture hundreds of thousands of units pa.An upfront licencing fee,a modest connectivity charge per unit & , of course, our monitoring services (which BTW should have covered around 3bill km by Results day).I presume that any licencees are likely to appoint as consultants in order to ensure that our product is incorporated into their products in accordance with their specifications.I am sure I am being too simplistic & with a substantial stake (for me) I have a vested interest in our absolute success , as i appreciate we all have.While our dismal SP is disappointing I believe,along with others here, that our time really is now arriving & news over the coming months will hopefully prove that.6/11 will provide an opportunity to ,hopefully, have a few quiet chats with our key people & perhaps by then we will feel on safer ground,SEE will have been tangibly seen to have de risked & our SP will be higher

Are increasing their short positions,against a back drop of increased market volatility together with crypto volatity ,which together with substantial Director/PDMR buying & our regular buy backs .Our third quarter will hopefully be successful & set the tone for the annual figures when announced next month .The Aussie Esmo type proposals appear unlikely to be too adverse for us as the Aussie business is a relatively small % of our total revenue.Hopefully they have it wrong this time around

I agree SeeingTom & I reckon those regulars amongst us here may collectively speak for 60-100mill,maybe more & accounting for perhaps 3% + of the issued share capital.Not massive but not insignificant either .

i would expect they will need a large room

Market will believe in increasing volume of contracts,licensing deals ,increasing revenues & cash flows,breakeven then profitability .The time it is taking allows believers in our vast potential to increase our holdings & what we hope will very reasonable levels ,at some time in the not too distant future .High risk v high return but we appear to be de risking currently

With big plans , no obvious need to raise funds & throwing off cash.Wish I had discovered it a few months ago but now have an initial investment which I may well increase.

In reality we do not currently appear to have much of a following in the US ,although the currently very strong US$ could tempt a US suitor to make an opportunist low ball bid-which would be the last thing that any of us would want.

Hopefully positive newsflow ahead of the Results on 23rd & a positive Outlook statement will help build SP momentum

An initial licensing deal could be transformational for us,e.g. $20mill upfront + royalties + consultancy fees,as it could be the first of many across various industries .A licensing deal with a global truck manufacturer ,e.g. Volvo,would also result in exponential growth in our monitoring services & SaaS revenues from this source .The Market is clearly not expecting this to happen,&,of course,it may not.Of course SEE remains a very high risk high reward investment but the odds ,at long last,appear to be quietly stacking up in our favour.The next few weeks/months should determine our future & I am hopeful that SEE could transpire to be the best investment any of us have had .

There remains scope for positive news before the Results & the Aviation news referred to by PM will hopefully be ready to be announced ASAP,apart from responses from more RFQs

thanks for your detailed projections SEEING 2020 & lets hope they are endorsed or surpassed by PM on 23/9.He stated in the recent trading update that current recurring Fleet revenues are expected to exceed A$12,000 ,which will hopefully prove to be very conservative.
If we dont achieve any Cat like deals our losses in FY20 mare A$25m-A$30m,we should still be holding in excess of A$30 on 30/6/20 & I would hope that our growth & momentum would result in break even some time in FY 2021 ,either without the need for a further placing & if further finance is required the amount concerned will be relatively modest & can be funded with debt ,secured by our fast growing SaaS revenues.That all assumes we are still independent by 30/6/21,which I hope we are in that we should be worth much more then than now.