Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
FUDin
Thanks for taking the time to reply.
I'm clearly cognitively challenged. I failed to see any assessment of likely timescales in your response. In fact, all I could see is 'i dont know'.
Thanks for sharing that pearl of wisdom. I'll go and sign up to the school of the bleeding obvious now knowing that i am not worthy of any of your future pronouncements on this share.
Hi jonno. There's absolutely zero talk about graphene in the electricity industry. Which suggests it is very blue sky right now. The theory goes it is a better conductor and has a much higher tensile strength than copper, so has a lot going for it. But mass production and cost to market look exorbitant too. Even if they had something viable now, it would take 10 years for mass adoption. So I reckon 10 to 20 years away at least.
Hi bellers. Exactly. 500 sqmm cables are ever more frequently used now. Give it 5 years and you'll start to see all those charging points go live. The investment planned for the next 10/15 yrs is phenomenal. And yes, I also own shares in SSE and am considering NG in the less adventurous part of my portfolio....
Some great points raised by markj and bellers. Not sure aluminium will ever win over copper in the electricty industries eyes, however.
The current standard for high voltage cables is to lay 3 single core cables, less stiffness but more of them. With the huge push to make networks fit for net zero over the next 10/15 years, the companies are investing billions upgrading their networks. All the cables will need higher ratings, so copper will still have a huge part to play when the aluminium cables simply get too big to physically handle.
Over the last 30 to 40 years the industry has always flirted between aluminium and copper depending on the prevalent price at the time. I dont see anything changing much here over the next few decades.
@dickienicholls
Sorry been busy today...it's in the next sentence down from the 200m options quote....to be precise options end at later of 2025 AGM or 15 months from today....at least that's how I read it
Exact quote is:
...such power to be limited up to a total of 200,000,000 Equity Securities provided always that this authority shall expire at the later of the conclusion of the Annual General Meeting of the Company to be held in 2025 and 15 months from the passing of the resolution....
GLA
Thanks VLt
200m shares is a serious amount to be able to call on if needed to raise further cash. It does strengthen PRD position when potentially negotiating asset disposals with any 3rd party.
15 months quoted is also interesting. That takes us til around Aug 2025. And that's when they currently expect to conclude any serious business by at the very latest.
Let the show begin!
@Niraj, schemiel is right. Anyones guess really depending on how optimistic or pessimistic you are.
Some long term holders will quite happily take any profit after the pain they've been through, quite understandably too. Others hoping for valuations in the £bns. The answer will prob be somewhere in between, once they are taken out by a bigger fish. Whatever the final valuation, some of us will feel it too cheap! Lol
What's not to like here? It's a glorious day and finally, SEE look like they're about to make their move upwards. Promising numbers there meaning breakeven is sharply coming into focus.
Agree with Taverham. This just has to be a takeover target in 2 to 3 yrs time. How much is anyone's guess, but will be bags from here.
Having been here since 2013, our patience has been tested to breaking point. Let's hope we get the rewards we deserve for holding firm.
GLA
Sorry whatif, I take the opposite view. All successful businesses build a strong community ethos amongst their workforce. Key ingredient for this is an emotive vision everyone can get behind creating passion and a clear sense of purpose.
Past examples include the cleaner who helped NASA send people into space. I've come across people who help build ships for the navy, no matter how junior their role.
I'd leave it as it is.
GLA