Member Info for redindi

https://www.bmwblog.com/2021/08/23/bmw-to-launch-four-new-ev-models-in-the-next-two-years/

Gosh

Yes, the US has been woeful in its auto safety regulation policing but hopefully that is about to change. However, in the EU at least, ENCAP at least appears to be robust and Tesla, I hope, will find that out.

As to your last point, I've said it before, if SEE won Tesla (which considering it's level 2 you'd expect it to, for the EU at least) I hope SEE would insist on an ongoing NDA. It's not really business SEE would go looking for although it may have done previously.

Gosh
I agree. However, I think Tesla will find out in the EU at least that such cack handed attempts to cobble together a robust DMS will not meet ENCAP or GSR so in Europe at least, soon it won't be able to sell any new cars. Elsewhere, it may be different, not the EU though.

Terry

You could well be right about the F150 but suspect that the Mustang E-Mach was included.

Other than that it could be -

1, The original RNS wording (deliberately?) stated 'at least $50 million', so vague it could mean anything over $50 million and include all models made by Ford.
2. An extension RNS is due to include the Lincoln amongst others. Or
3. The Lincoln is the only additional model, numbers are low and by itself does not class as financially significant for Auto ie under A$5 million.

Take your pick but I especially doubt it's number 3. As for number 1, a regulator might not look kindly on a statement that did not tell the market the value of business won but that could be said of GM and maybe others if what PM said in at least one interview, as far as I'm aware, as to the real value of contracts. And SEE is on AIM, so....

Que Sera, Sera! Tesla going where other OEMs initially went and some still do (or did). Along the lines of 'Doing good DMS is easy, just put a few engineers on it etc and it's fixed'. Well, Tesla will try, and fail, and go calling to a high quality DMS provider before long as it is very difficult to do well at Level 2/2+ and at present it's so difficult only one can do it very, very well. I'm sure SEE will await the call but won't be holding its breath. After all, Tesla in its own way is just another IP play like SEE (although vastly overvalued unlike SEE) so buying in IP is, for now, a no go area.

Mirabeau

With Paul intimating half of the A$900 million was due to be closed in the next 6 months with hopefully well over half won by SEE, I'd be somewhat disappointed with an SP of 20p. That's over double booked business SEE has at present and with greater sight of what's to come, the impact should be substantial when new business lands.

If you'd been lucky enough to buy on 19/03/2020 when SP hit a low of 1.475p, you'd now be a tad over 8 times up. Even allowing for Covid, that's a decent performance

Buffet

It has been argued that SEE is more important strategically than Mobileye (what SEE does is, apparently, more difficult technically to do than that which Mobileye do) so yes, being valued in the same way as Mobileye is the least we should expect!

Esc

And look, buy signals backing you up!

The 6 being the current RFQs

Phil

That was in relation to the forthcoming RFQs and whether to bid for all of them. He said, I think, 6 will be decided (unless OEMs prevaricate) in the first 3 quarters which may be from 01/07/21 - 31/03/22 or 9 months from today.

I think PM is giving some clues as to when the £1 + party will be.

Another buy signal, Green Blob getting desperate

In the event of a takeover, I doubt that the new owners would wish PM to be around for long. Therefore, what will PM and other directors with shares want assuming in PMs case the takeover SP is greater than 16p as per his performance targets? The highest price possible and with PM advising the board I doubt it will be cheap, every penny less than the true value will cost PM big time.

I also don't think Qualcomm will be interested in acquiring SEE, unless another bidder, as they will be too busy with the M&A of Veoneer, which will take a lot of time and energy. So, I won't be losing any sleep over a low ball bid.

Aljess

Yes, very negative, especially considering it's your first post on LSE and you've been holding since 2017. Might I suggest you're a bit too obvious?

Regardless, obviously it's for the suitor to decide what it values SEE at and I doubt it initially looks at how that equates to in relation to pence per share. So, it may value the business at anything between £1 and £1 trillion and then just divides that by the number of shares. You intentionally seem to have got the wrong end of the stick.

Goodbye and have a good day.

Klick

Unless you get signed authorisation from the vehicle owner I do not believe the OEM has any right to the data, that is a DPA minefield. So, Fleet very much continues to provide valuable data.

Mirabeau

Fleet = Data = edge cases = improved algorithms = technological lead/moat and growing IP bank (SEE is an IP business)

Unless you can arrange exclusive use of the data with the sold business I'd keep Fleet in the group as a profitable stand alone business.

Urban
Veoneer is a very good T1 whose speciality is collaborative driving whereas SEE is rather unique T2 which Colin Barnden called more strategic than Mobileye ie without it Level 2 /2+ is a bit of an ask, and where we going faster than expected? Level 2/2+. SEYE and others struggle at best with L2 /2+,look at SEYEs problems at getting to SOP on its earlier DWs.
Hence why SEEs value, once RFQs morph into contracts will command a bigger ask. Although it may also prove to be a reason it isn't sold or even better start up a Battle of the Titans (I think there were 12 Titans).

Schlem

PM has made comment, officially neutral as you'd expect. I doubt publicly SEE would take sides?

https://twitter.com/semicast_res/status/1423565348465434627

Lewbo

Yes, I won't be expecting any bids so soon. The Qualcomm bid if successful represents QCs biggest acquisition and of course has not been accepted yet although likely it will be.

However, it's not just a question of buying a company, it's a question of successfully merging the acquisition which dependent on the targets size can take a lot of time and effort and this is not a small acquisition. So I suspect Qualcomm will be busy for minimally 6 months if not a year.

That doesn't rule Qualcomm out, it has a history of acquisitions although not on a regular basis -
https://tracxn.com/d/acquisitions/acquisitionsbyQualcomm