Member Info for MrBB

Hopefully PM will have a more ruthless commercial attitude to signing deals & winning market share while we still retain our market leading advantage.We have been told that our hardware costs have reduced substantially & presumably the more we order the lower still the cost becomes.So why not sell our hardware cheaply ,connect our installation teams to prospective clients, & generate our revenue from monthly monitoring revenue,thereby substantially increasing our SaaS revenue & thereby our value substantially.It is great that we have over 16k units installed & that we expect over 27k (based on recent expectations,hopefully to be uplifted) by 30/6/20 - but surely we want our installed base to be hundreds of thousands & ultimately millions.My guess is that is what PM thinks could happen ,but he cannot state it, if that is achieved #Team300 will have been achieved - & that would be without Auto ,Aviation etc.
I wonder how many of us will still own shares if #Team300 was ever to be achieved-or would most have exited with a decent profit long before then.

Australia n& NZ have a large number of Fleet vehicles & with view to the logistics of those countries long distances are travelled & , with view to the location of our HQ, I reckon that PM is on a mission for SEE to become a dominant force in road safety over there & a decent % of the total market would provide us with a very decent income stream-apart from the rest of the world.

Interesting interview & particularly the reiteration of revenue expectations circa £1mill,which could have usefully been mentioned in the outlook statement.I appreciate that SOH is unable to project for FY20 due to the complexities of the various contracts & lack of clarity,currently,as to how successful the many signed relations will transpire to be.SOH is bound to believe in his own strategy & business plan,as he devised it & ,as a major shareholder he has most to gain ( or lose) if he is wrong.It will take longer than the extreme optimists hoped but SOH does not appear to have led us astray & seems pragmatic.The success of our investments here depend on the success of his strategy & ,in truth, the outcome wont be known for some time,resulting in this continuing to be a high risk AIM investment.Ironic that SOH states that Insititutions want to buy at 15% discount in placings,which would give us a wider II base,but for the fact that SOH is reluctant to issue shares unnecessarily-a strategy which I approve of as long term holders will benefit in the end,if SOH delivers on expectations

I agree Schlemiel & we all feel that more major Auto contracts will be awarded to us ,but confirmation would be great,together with the Aviation contract referred to by PM & licencing news .Fleet seems to be "quietly"improving & daily km covered by Fleet seems to be increasing,suggesting the expected ramp up in Fleet installations.Results due within the next 4 weeks or so should provide PM the opportunity to outline his strategy,provide projections for FY20 & possibly confirm that break even has been brought forward,again.
Meanwhile after a brief period of recovery our SP is drifting back to under 4p,at which point I will be considering increasing my holding further,as I am sure will many of us - on the basis that we really really believe that we are now on the brink of success.
I really really hope that I am not repeating the same drivel this time next year !!

Very disappointing results with most expecting a decent uplift in revenue & ,for what its worth, the gross margin fell substantially.SOH states revenue geared towards second half but no guarantee that full year revenue will exceed that of 2018.Glad not to have gone "large" here as I was tempted & I would hope, at least, that Directors/PDMRs will buy large numbers of shares at these levels,while i appreciate that it is unlikely.

Very disappointing results with most expecting a decent uplift in revenue & ,for what its worth, the gross margin fell substantially.SOH states revenue geared towards second half but no guarantee that full year revenue will exceed that of 2018.Glad not to have gone "large" here as I was tempted & I would hope, at least, that Directors/PDMRs will buy large numbers of shares at these levels,while i appreciate that it is unlikely.

Best into Volvo rigs under licence at point of manufacture & we get paid for monitoring services .Hopefully it will happen

The rate of growth in our very valuable Data appears to be accelerating ,confirming increased growth in Fleet installations & we could hit 3bill km by the time Results are published & we should hit 5bill km well within FY20.
We are on the cusp & 2/3 key contract announcements in the coming weeks/months should help convince the Market of our fantastic potential -despite the many challenges which lie ahead

Looks like Director buying may have started with an 85k purchase.Less significant if JG ( who is a wealthy chap)but more significant if MW or another Director/PDMR.

It will be interesting to see how the market receives the announcement of our US JV going live in the next week or so & it could result in some US buying

With CRU there is always the chance of an "accident" ,as happened on several occasions over the years.I suspect & hope that JG is being cautious as a response to previous optimism thwarted by unexpected events.Directors/PDMRs have previously bought modest amounts of shares following Results & reasonable purchases by those "in the Know" may provide some comfort to we long suffering shareholders.

With Japan still "in play" & it will be interesting to see who dominates that market ?

They still have a much higher rating ,proportionate to ourselves,with view to their low turnover,lack of recent contract news,lack of diversity in their product range & an apparently lower quality product for their only market,being Auto.They now have one positive in being well funded & have a much lower cash burn than us.Hopefully the tables will turn in respect of relative valuations over the coming months.

Aussie market only 15% of our business & impact likely to be minimal.Gonen & Co expected this & still bought substantial amounts & clearly still see value here.
Interesting that the penny dropped with whoever was buying back our shares an hour or so before the close & ironically stopped buying at lower levels

PM has been very quiet since the flurry of activity a few weeks ago.My ( optimistic) view is that we have been quietly making progress ahead of Results & I am hoping that there will soon be another flurry of positive announcements across each division of our business.Ken previously advised that he would be unable to provide any forecasts until the release of FY19,although based on the steady ramp up of Fleet ,presumably more paid work in respect of our existing Auto contracts,our modest initial BDMS contract ( which may have been expanded) & the "imminent" Aviation contract,I would hope that FY20 forecasts will conservatively (at this early stage in the year) be expected to substantially exceed FY19.PM,of course, is not obliged to execute on Kens previous promises & I would expect that he would rather our SP stays low until his share option deal is finalised & announced ( along with with further awards to Directors,PDMRs & key Managers ( as has often happened in previous years following Results).
After many years I am sure most of us feel that we are now very very close to major success,reflected by a substantially improved SP & we will hopefuly not have too long to wait.
Enjoy a sunny & relaxing Bank Holiday weekend All !!

I decided to increase my holding yesterday based on the forthcoming dividend & the belief that our SP will increase when Ex Div & particularly when it is soon announced that our US venture is live ahead of the start of the NFL season early next month

Gonen has certainly got his PLUS mojo back with todays announced purchases.His company ( Sparta) clearly has tons of cash in the bank ( from earlier sales at higher levels) & considers Plus to be a better investment than cash.The greedy bustard in me regrets not buying more a couple of weeks ago @ 580p+ !

I doubt whether he cold hold back material contract news , if contracts have been signed.I am not aware that PM has yet been issued with any shares & he certainly hasnt bought any ,yet , so I would expect he would want any share award to be received while our SP is close to our low.Shares were issued to previous senior execs who subsequently failed & left so perhaps there is some caution from our Board but PM needs to be incentivised & if he achieves what we hope for over the next couple of years he will deserve every share.

Fleet take up is increasing nicely as is our increasingly valuable data & I presume PM did not consider this latest news to warrant a separate RNS.Hopefully news in the coming months will be RNS d as it will help our fleet division grow exponentially ,resulting in a major impact on the profitability of the division & our bottom line.It will be interesting to see what guidance s issued for FY 20 when our Finals are published,some time before end Sept

If we believe that we should currently be " greedy while others are fearful ", to quote Warren Buffet -the problem being that I have ,(as I am sure many have ) been greedy , over the years ,with an average of around 4.25p, but at some point you either run out of enthusiasm , or funds !As we are fully funded for another year , or more, & ,despite the slow Auto market, manufacturers have to soon come of the fence & make decisions -apart from the imminent Aviation contract referred to by PM & the recovery & now growth in Fleet - the future looks bright & I am not deterred by the current Market malaise ( hopefully not more fool me ).
should our SP fall below 4p again I will be heading for the trough -but hopefully not The Trough .
Peckers Up !