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Mr Unionhall. Not picking on you in the manner of a Troll, but I listened to you when you posted about margins a while ago, and I thought your projections were worth listening to. However can you listen again to that interview, with particular attention to 10.45 to 11.50. Paul is quite clear about margins increasing massively. I just wonder if your owns thoughts are challenged by this?
Despite Putins bet efforts, my Monday has stated much better and lighter, thank you Paul. Now get it written in an RNS!
Well that was the most Bullish interview I have EVER listened to with Paul. So much information its untrue! So the recent large auto win was not a part of the 1 Billion RFQ's and market share materially above ..... well any doubters just have to listen for themselves.
Terry, that is what a strong US Preident should have said a couple of weeks ago, not let President Inept speak about not putting troop on the ground, utterly pathetic. Putin can smell the weakness in President Inept, and Dictators only repect strength.
We are set up nicely for an excellent second half. In the RNS it states
"Market expectations for FY2022 are for revenue of A$55.6m and EBITDA of A$(32.7m)"
There is no way Paul Mc will miss that target so it means he is expecting sale to exceed A$33 in the second half so he knows more than he is letting on, I expect SEE to beat expectations by some degree so in 6 months this SP will be away from 12p as long as this big seller is cleared!
Thank for the SEYE clarity s2020
I would say that cash raise (and the director buys in double figures) gives Paul a bigger incentive to land some news to turn the SP around. I fully expect news soon, the tone of his commentary is very positive.
Escovido
Company website was updated 31st Aug 21 - FH had 9.6%
Company website was updated 1st Dec 21 - FH had 10.58% (so took part in the raise?)
Now they have reduced to back under 10%, I feel this is a strategic % for them. I am not intelligent enough to fathom the gain.
I am intreged by the Volvo story, and this article ups my interest more. Against Safestocks assertion I have Polestar and still Volvo as a SEYE win, as their DMS hardware is different to how we have seen SEE hardware appearing. SEE cannot win every manufacturer and the future is very interesting. Thanks for posting Terry.
Why couldn't Redeye be correct that it is VW? When I used to work in the Computer trade, the interior components were always dual sourced, the best components went into the Top and mid ranges and a secondary brand into the lower end. The lower end was always aimed at budget and margins were ridiculously thin, it helps keeps the profile high on the classy ranges while not abandoning the low end models. I strongly expect Car manufacturers to do the same, the trick is to be chosen for the mid range models as that is where the money is.
I am happy with the ratio of win value if it is VW, and if it is Stellantis, then please note Paul expects to win just 30%, optimistic about 40% and hinted at 50% while others have suggested 70% market share. That means the competitors will win at the very least 30%.
Sadly this has been intelligently deramped by some people at a time the company seem unwilling to big up their acheivements (I wonder why?) and all in a nervous general market. I stand by my speculation about the company RFQ's but I still hold and still have high expectations within 10 months.
Brock back to posts earlier today. Sorry but why not post your observations when the price was higher? Timing is everything, and posting a negative view in a bad week still looks like only one reason.
Then reading your post from 9.24 today. I understand what you are saying and partially agree but I would counter that you are giving the market no credit for anticipation. The market loves to anticipate sucess and the example I would quote is ITM. They have a great product and at one point were valued at 3-4 Billion and without significant sales, which is now dragging the price back (and will go much further). Their bloated SP was almost entirely anticipation and in a hot sector.
If SEE actually started blowing their own trumpet properly you really think this price is justified? A$ 7 mil contract value for GM, really? Ford, A$50 mil, is dwarfed by a more realistic VW announcement because Magna led the way .... The real story is buried a bit, but it cannot stay buried.
isb1974, in the FY result Paul said this: "The Aftermarket business is thriving under the new leadership of Max". This suggests that this area is growing, so I expect great results despite Covid. If not it severly undermines Pauls credibility and I really doubt that will come to pass.
Brock, I enjoyed reading your recent posts, if posted when the SP was 11-12p it could be judged to be words of wisdom. Posted when the SP is at 9p it looks like just another attempt to undermine holders willpower. Personally I welcome cautious posts, they moderate the other extreme, but when timed to chime in with less intelligent sell, sell, sell posts it concerns me as to its intention.
The HYTU should pecifically address Fleet. Max Verbone has been in the post for 1 year on 1st February and a specific update on how that appointment has effected SEE is likely. In the RNS one year ago was this specific "Accelerating installations and increased sales of Guardian is a key component of the success of the Seeing Machines business overall and the Company remains focused on building the strength of the Fleet business."
There was a clue in the FY presentation, "The Aftermarket business is thriving under the new leadership of Max". Thriving = improving or growing so I am hoping to see Fleet growing at a better rate despite Covid. I anticipate good numbers.
I am pretty dissapointed with the SP revisiting the 9's but not with SEE's performance (except PR) as the newsflow since December is pretty spectacular. The SP bewilders me, as we can see the greatness of what has been acheived. But put yourself as a non SEE PI, what visibility do they have of the coming greatness? The RNS's from SEE are really quite factual and hardly full of enticement. Visit this BB on a news release day, the response from holders is "Meh" and actually is riddled with holders far too happy to nitpick the negatives than to sound enthusiastic. We actaully need a "Alex8" character reposting. (didn't think I would say that ever)
SEE have been marketting themselves in America at 10p and sold many in the recent fundraise at 11p so I assume Paul will feel a bit of pressure to correct the recent SP move. With better PR he can do this firming up on some of the concerns raised in the posts below.
We also await Max Verberne impact. Paul has already said "The Aftermarket business is thriving under the new leadership of Max" so perhaps we will see a big rise in Fleet sales.
Seeing 2030, your comment that flow from licencing deals is not until 2024 is wrong, the December RNS stated OEM royalty license revenue of A$2.3m (from 120,000 cars on the road) . Trouble is this was buried away in the text whereas it could have been shouted about a lot more. (more subdued SEE PR)
I still don't envisage earthbreaking Auto news until FY end, but I seem to be a lone voice with this opinion, I hope I am wrong. I have real hopes on Fleet and that the company can deliver their own PF better.
What is SP target price for Paul personal bonus, I know it was circa 15p for 2024? I was rocked when this was first announced, why so low? In my theory he negotiated his bonus around market share and atrategy to get to that goal, why would the BoD agree to such a figure if it was not fully bought into Pauls vision and reasoning. McGlone has proved to be extremely capable so far and he is not a man to turn out to be a loser. A high SP for shares held only benefits employees when its time to sell, noone gains from that being 2023.
BTW it was Month not Moths :-)
The following sounds negative, but it’s how I currently feel about SEE, sounds like I have sold out, but I have not.
Sorry but Stifel are doing what SEE want, and SEE have proven they are totally uninterested in PR (proven in every RNS) and pretty uninterested in Share Price, and why should they be? As long as targets are met for undeniably low bonus schemes everyone is happy, except PI's. The only reason why SEE would want a higher SP is to maximise price via a bid, which does not seem likely any time soon. Pauls stubborn refusal to update the market on GM etc likely cashflow frustrates me and I assume the broader market and the low reaction from the market to some pretty amazing RNS's in the last couple of months bears this out.
My own personal take on their strategy will be in shareholders interest one day, and LTH will get their paydays they expect but for now the market cannot get the visibility it wants to push this higher. This company needs a shark circling to liven up their SP malaise.
However my year end target remains the same, and I personally believe Paul has told us that target date because when he finally nails the majority of available RFQ’s and the reveals the full picture at the end of this financial year we will all be happy. This is only 10 moths away!