RE: 2020 RNS's & Announcements13 Dec 2020 13:49
David, under PM's leadership there have only been 2 RNS's with A$ attached (not inc Fleet). A "German OEM" for A$11-30m July 19 and an "expanded OEM" worth A$23m and since then ... silence. Personally I take this as a deliberate strategy, or at least I HOPE this to be the case. It seems PM wants to do the exact opposite of Smarteye and Eyesight. This Autumn PM released 3 rampy unspecified pieces of "news" aimed at rising the SP ahead of the Hermes fundraise, again deliberately not speculating on worth.
You ask what has changed for PI's, well in truth short term the newsflow has been restricted / frustrating and is highly unlikely to change from SEE. One of the largest complaints I have is where do we stand with GM. PM admitted to have taken his eye off that ball, which hints that either or both of the competition have stolen business there and they certainly claim this is so. Where I really get confused is that large companies like GM like to have control over how software operates within their cars and it seems they are prepared to muddy the Supercruise water. I want clarification from somebody, sometime!
However as models get released from the big manufacturers (coppertraders post earlier today is an example of timeline) then the DM provider will get released during 2021 for cars on the road. I suspect 2021 will be very different, I HOPE 2021 will be very different.
I am a long term PI that is holding not because I have lost opportunity, but because I believe I think this is a rare chance to hold shares in a company that will be worth multiples of its value today. I am however sceptical of PM's worth and frustrated at the lack of clarity.