Member Info for phil01

I suppose people can read into this result what they want. those that want to believe will see signs to confirm their bias while those that want to b critical will also see signs that serve their purpose.
Looking at this with a clear prism, it is an Ok results. Looking into what may or may not be in PM mind is just trying to find reason to believe.
Good points from result:
1. They still have plenty of cash.
2. Installed cars is growing strongly from the 120K that was reported at end of last year.
3. Most of the open RFQ has not been awarded yet to competitors so we are still in the race.
4. DMS needs is still growing due to regulations tailwinds.

Key Negatives:
1. Fleet business seems not to be doing much. [ Installed base at end of year was 31,771 units with another batch of over 5,000 sold and awaiting installation. So a bit surprised that installation at H1 is only 36,933,meaning that we have not even installed the backlog of the 5,000 that is awaiting instruction never mind new business during the half year?
2. Had expected the award of some of the major RFQ's by now as PM alluded to last year. PM however also stated that the new RFQ's needed new functionalities when they will either develop inhouse or license from partners. I also note that SEYE has a vacancy for about 38 jobs and stated purpose was for development of new features. My assessment of delay in the RFQ's is that there is a delay and an arms race between SEE and SEYE to see who can deliver on the requirements of the RFQ. I imagine the owner of the RFQ will award to the company that can meet their specifications which at the moment it appears that the offering from both major players can not meet the feature requirements required for an ward.
3. Since PM said that they would need to acquire some features under licence, I was hoping that an announcement of this collaboration would have been made and they will now be in the process of integrating this feature into their software stack. Maybe they are already doing it under NDA?

All in all, this is a vanilla set of update, I did not see it and shout Ya!!! . Having to look for clues in it to point me to the positive side confirms that. No major warning sign, Fleet while great is always a side show.

We just need to wait a bit longer, with hope in the management that they will be able to deliver the new features set to the clients requirements and hence awarded a significant potion of the open RFQ.

I will go back to sleep until FY results. Watching a boiling pot as some tends to do just makes it look as if it is taking longer to boil. I admire some posters on this BB who post daily and watch the daily movement of the share price ....reminds me of taking trips with your kids in the back of the car ..ARE WE THERE YET.
Wishful thinking nor convoluted ideas what is in PM's mind is not going to move the share price only solid performance will do that.

We are at least 34months from production so whatever is happening in Russia now will be immaterial by the time we are in production. Even at full blown war, capitalism always come on top ...people will always buy from the cheapest source that they can buy any material ..else they will not be dealing with Saudis of Chinese for some ethical reasons or other. Very little ethical procurement when it comes to businesses.... it s all about the bottom line.
Anyway irrespective of global state, once we are in production, our cost of production will be much lower than competitors so we will be one of the cheapest source!

They just need to complete the review and provide the financing proposals and we can look ahead to significant multi-bag. If I had infinite resource I will be mopping up while others are selling just now.

not really due this specific week, but overdue nonetheless. I believe companies were given 3 months grace period for FY results as part of the COVID allowance
If so then technically they have up till end of March 2022 to release the results.

SEE will announce wins, whether directly or through Qualcomm or any other 3rd party, when the win occurs. they will however not reveal the client, (name the car), until the car is sitting at the dealers and sometimes longer.

Good update and decent progress but I am still cautious. A bit surprised to hear that we are still trying to ship the tantalum , I had assumed that we are already shipping the stuff. On 16th December update they had this line..."The first shipment to the Company's Tantalum off-take partner is expected by the end of December, with a steady increase in production during 2022....." Something may have delayed them. I would like to think that they came across an issue that put them back a bit rather than that the management was padding the news in the release of 16th Dec.

Still invested and glad to be back evens, but that does not mean that I am giving the management a free ride or throwing the kitchen sink at the shares for now. We still need to come to a position where we can be self sustaining.

MrBB,

I am not sure the logic you used to work out that these were someone increasing stake. If anything it is someone decreasing as all these were reported as SELL. That may well be what has been driving the price down over the last few days, as there were more SELLS than buys over these days. Based on the total volume traded each of these days, if they were BUYS then the BUY will outweigh the SELL and the price will go up.
I know we are all desperate for things to turn round but grasping at straws is not it. Things will turn round once the news starts dropping or when the H1 results comes out to show a significant progress in fleet as well as in number of cars with SEE on the road during H1, ( FY21 was 120K cars). Till then people should just chill and if we were right in our research then the share price will rerate when it shows the market its inherent value and not by any wishful thinking on our part. If for whatever reason we are proven wrong, we take our medicine and chuck it into experience bucket.

Though I sounded impatient latterly, I have added more today. Could not get an online quote for 520,000 shares so had to break it up into a 300000 and 220000.
I will just kick back and wait for whenever news come out, hopefully we will get the optimised DFS within a month and the Financing proposals within 2 months as promised.
Frustrating waiting but I am convinced this will be a serious multi-banger, especially if all the finance needed to construct the mine will be financed by debt and royalty rather than by issuing zillions of shares.

Dribbles,
She might be a keeper or she may be over 80yrs old and has no idea that we are now in a digital age.... still looking out for the old typewriter to type something up.

Puresilk69,

What are you expecting? Just out of interest as there is not much about this company about. Ran by fairly old fashioned management, ( good old fashioned ..depending on different peoples views), ....Company does not have a twitter or a linkedIn account and few of the management do. This is rare these days for any company.

Anyway I will be interested to hear other's expectations from the company. One day I am thinking ...'the best company since sliced bread', and the next I am thinking ...' a bunch of time wasters who has had DFS since 2018 and yet has not done much with it'.

Folderboy,
Don't worry you will get your opportunity today I am sure so get your money ready to add.

Has anybody any idea what is happening with the fleet daily mileage.
I was always hoping that fleet will be the cherry on the cake but in light of the current mileage data I am struggling to make
I had been tracking the daily mileage every now and again to gain insight into how it is performing.
A: Tracking period: 15 Sept - 1 Nov 2021
Average daily mileage : 7,871,019 Km
Highest daily mileage within this period: 10,974,717 ( 28th Oct)

B: Tracking period: 13 Jan -27 Jan 2022
Average daily mileage : 5,560,908
Highest daily mileage within this period: 6,738,947 ( 20 Jan)

As stated before, I am more a data person than a gut feeling, so will appreciate any reasonable attempt at explaining this discrepancy. When I started tracking this year I was expecting to see figures consistently over 10,000,000 per day, but instead I see figures that seem to be going into reverse?!!!!

Anyone with any idea how to attend this Webinar. There does not seem to be any link or details how to register.

Dicko80,

Again no offence intended. My apologies if it sounded as if it was personal.

Dicko80
No offence meant. Just my OCD penchant at keeping the board informative so new comers can at least see that we that are in have a solid reason for investing.

I am hoping for multiples of my money in this company and that is based on what we know now.
1. Even without me knowing the exact amount Ni on the ground, some better qualified company believes that there is enough to sign a MOU with Corcel for a DSO Offtake...and that is good enough for me that there is enough for it to be commercially viable.
2. The closure of the two peakers plant is close at hand... which will bring in good money.
3. mining licence award is due this quarter... this will also give the price a further kick.

Based solely on the above 3 upcoming news the shares will do well, and for any newbie is a solid enough investment case.
Now if the Ni deposit proves to be greater than our base case then that will be cherry on top and will move this to the moon. But based on what we know now, there is already a solid investment case.

New jobs postings for SEE....
Staff to help develop the some of the new feature sets.

It is rumoured Mambare contains 10 mt of nickel

@ today's rumoured price .....
Not quite sure investment is based on calculating a value on a rumour, else we all will be millionaires.

Share will do well on its on merits, of which there are many, without people posting stuff that will put off any newbie as if we that are investing here are living in cloud coocoo.

Terrym,
I will go further than you and say that it is not won until we have executed on what we were commissioned to execute, ( when the car has rolled off the production line).

Remember that SEYE announce the design win for Mercedes Benz Hyperscreen, but ultimately when they could not deliver to specs SEE stole that win..... so in the end SEYE announcing the design win. Prefer SEE method they announce when they have actually delivered on the specs...you can take that win to the bank.
As PM keep saying, the focus now is on project delivery.

Just like the analysts, I am cautious because I know that there are many a slip between the cup and the lip.
For example:
We are here counting the number of F150 lightning sold, but we know that SEE is only standard on the high-end trim and an Option on the next lower trim while not even available as an option on the basic trim , ( last time I checked). No one here has been able to tell me how many of the high end trim has been sold, what is the uptake of the option. I am not even sure [ Last I checked Blue Cruise will be released via OTA Q1 22, due to required upgrade , so unless the timeline has changed or it was released in the last 2 weeks it means that it is still not universally operational ...... do we get paid once it is operational or at sale of the car?]

All I know is that Paul said that license revenue will double year on year, last year we had SEE DMS in 120K cars, so at H1 22 result I am looking to see if we have about 120K installed in the first part of the year, ( again that is assuming a linear roll out ..but you get the method in my madness).

This investment may take longer to bear fruits but as long as the investment proposition for SEE remains the same, I have the patience. If a lot of the OEMs starts going with in-house offering or there is evidence that we are not able to deliver on the numerous extra features requested by the OEMs then I will re-evaluate my position.

Whatever this share will do it has to do it off its own back, by clearly demonstrating the 'proof of the pudding'....SHOW US THE MONEY!!
It will not be as a result of whatever any analyst writes up especially when they are paid analyst, good or bad.

I know that there are people on the board that have strong conviction that the current value should be over £1. This company have till end of this year to confirm to us and the investing public that we have a better grasp of the situation than the company's previous and current payed analysts.
I still expect t do well from this stock but I have not put any value of what "well" will look like nor what percentage of business SEE will eventually win over this current RFQ round, (medium term), on which my investment decision is based. All I believe is that they will win enough to make me money and the Fleet business puts a floor on my expectations >> it is profitable and will generate good returns even if catastrophically SEE wins zilch.
I am bit too long in the tooth to be dream that I will get £5 a share from this, so I have not pre-ordered my Rolls Royce >>> will not reject it if I get the £5 per share . By year end there will be enough data, I hope, to make a long term prediction.

Yes I know, I am a sad Spock that lives only with logic....no romance in the soul and all that.

So much for Cenkos being useless, appears that Stiffel target price is less than Cenkos!

Staffy147
Here is the link to what you are looking for, I believe.

http://www.alignresearch.co.uk/align-research/align-research-top-10-conviction-calls-for-2022/